Quote from: Sioux on January 08, 2014, 08:23:06 PM

Just to clarify

Butter Bot just trades when the EMA lines crossover?

its the same principle like in Goomboo's Journal?

Quote

I have tried trading thousands (literally, thousands) of trading strategies for the past few years, but I have found that the more simple and less elaborate I make my trading, the more profitable it becomes. The system I use for Bitcoin is very, very simple and straight forward.

I trade a 10 and 21 exponential moving average crossover. When the 10 crosses over the 21, I buy. When the 10 crosses under the 21, I sell or sell short. I chart and trade through RTBTC."

https://bitcointalk.org/index.php?topic=60501.0

---Im at page 6 of goombos journal so far---

Does this EMA crossover strategy work when you actually do it?
It seems like you loose 70% smaller amounts and make 30% big profits

Checked the charts and it does look like it works.

What are the butter bots users profits in the past month?
Tell yours

i'd say its probably been a good month for trading in general. We switched butter-bot on on 1st dec since then we've had a a really big swing and we are in the middle of a significant one now.

so, since we started we've made 24.5% in dollars and almost the same in BTC. We're in dollars atm if we bought BTC back now we'd be 49% up.

It was quite hard at first. Most of december (certainly around christmas) the market was pretty flat. Thats when the bot SEEMS (still our first month) to make those bad trades. I certainly thought I could do better. I guess it's because since starting the bot I've paid much more attention to the chart. I'd not heard of bitcoinwisdom or cryptotrader or even EMA we simply took a punt cause we sold some litecoins at such a high price. Anyway, once you get your head around its a LONG TERM view and your investment is safe (dont quote me on that, I'm still only starting with the strategy and I am sure some with much more experience will put me firmly in my place) should anything major happen while you sleep, you can see that it could potentially work. For now, for me, it is.

chatnoir

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