Post
Topic
Board Project Development
Re: Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic]
by
murt9000
on 02/03/2014, 18:32:01 UTC
if I understand correct, bot is working on 1 minute and this is interval on which it send signal for buy or sell, but are the values for btc collected every second and from every second is calculated average value, or it's just value after every minute?
and how this effect on intervals of indicator for 10 or 15 minute? 1 value every 10/15 minute?

and about your discussion with g0re79 about different graphs in your bot and bitcoinwisdom etc.; I dont think that you have the point here, those sites are much better in tracking history than this bot (and this is in this downtrend very important!), and if all those sites show different values for average value in some intervals, than i think that your way is not so uniqe and different, but simply wrong. because as i can see, your bot collects maybe extreme values, and other sites want to show average to get smooth lines, which they should be. and that's why RSI & MACD are going crazy in this bot - for extrems, and in othes sites they are god. you will say get longer time; it's true, but not so long anyway. PPO is with delay, MA even worse, and ppl will lose their money because of this (they allready are because trend is down and settings are for this purpose wrong...)

Hi Stephan, I have been silently following this thread for a long time. It's clear that you are putting an awful lot of time and effort into the development of this bot and I appreciate that and believe it has great potential, but as many people have commented, it is not worth the asking price yet because there are still some fundemental issues that drastically reduce profitability.

I really think MasterMark-Si has hit the nail on the head with two of his points. I do think the bot's charts are not averaging values correctly and maybe that is related to the frequency of price updates. And I have also noticed the delay in the MACD, this is pretty bad, it often means that the opportunity for profitability is long gone by the time the crossover signal happens. I know that there will always be a lag with MACD, I understand that this is how it works. What I am saying is if you compare your MACD with Bitcoin Wisdom's MACD for the same pair and the same parameters. Bitcoin Wisdom will display the crossover earlier whereas the bot will be consistently be later and the opportunity for profit will often be gone by then.

I hope you could look into these issues. You've done some good stuff with the last update but a few people have asked to stop adding new features now and go back to the fundementals, there is definitely work to be done there that could unleash the power of this bot, and we all desperately want to see that happen.