(...snip...)
I mean It doesnt really make money. It gets less and less everyday but it works at least.
(...snip...)
So far it came down from 0.5 BTC to 0.41 BTC
Yeah, for FIAT trades it tries to increase your portfolio value in dollars or whatever currency you're using... It still shouldn't lose so much money like that. Maybe it was because the exchange you're using has high fees? Buy and hold (
just holding BTC since the value has increased over the years) is often better in some cases though, particularly in cases where the bot parameters aren't tuned right.
Speaking of fees...
I'm pretty sure askmike never added any logic which checks to make sure the hypothetical gains will be higher than whatever fees the exchange is charging. Actually, this is a major issue since many exchanges charge a percentage based on the size of your trade, and askmike never added a feature to gekko's engine to have the option to do a smaller trade than "buy/sell as much as possible"
I had a talk with askmike the other day on IRC and this came up:
[08:31:50] <@askmike> amount < available is true when a user
has 10 BTC but the sell order only wants to sell 1BTC
[08:31:57] <@askmike> it seems you are irght
[08:31:59] <@askmike> right*
[08:32:35] <@askmike> though at this moment I am not sure how
amount is calculated (pretty sure Gekkot tries to sell all
of you assets, so it should equal available. Right?
^ we were actually looking at a bug unrelated to fees...
Either way, he's back so there might be new features coming to askmike's gekko repo.