Quote from: TobbeLino on May 12, 2013, 11:23:39 PM

Quote from: maverick1337 on May 12, 2013, 10:38:50 PM

I think that is a great idea. But I'm worried about the amount of samples taking too long. Usually when there is a trend it spikes very quickly and can gain a couple dollars within the hour or two you waited for the samples. The same could be for selling. You see the lines go down and you figure you want to sell as quickly as possible but now you want to wait another hour or 2 to see if it's really going down. More often than not it declines very rapidly and spikes up a little and then back down. I try to buy in when there is a clear trend and get out as soon as it looks bad. I guess this is a way to play it safe for the long term but I was wondering what your thoughts are.

I think you misunderstand a bit how a bot works. A bot will never "buy at the bottom and sell at the top". It will always wait and see if the trends seems solid. That's just how it's supposed to work, and that's why it is often (but not always) more successful than myself trading manually

If you try to buy at the very bottom of a swing, and sell at the very top, you will have to take way to high risks all the time, and you will very often find yourself out of synch with the trends (because you bought or sold to early, thinking you where at the bottom/top), and you start losing...

Well what happened was I had it set to 30 min. intervals and by the time it passed my thresholds it bought but it was at the very top. I went to bed and it happened to just tank after it bought, then it passed my sell threshold and sold at a loss and I lost $40. I'm trying to figure out how to avoid this happening in the future, any thoughts?

maverick1337

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