Heh, wish BB had been smart enough to execute the sale at $900!  Ah well, I wish I had been smart enough to also

It's sad that you are using a bot without understanding it...

MA is designed to give a smoothing effect therefor filtering out noise like this insane volatility.

But anyway, just shorten your MA Periods.

I'm using the "recommended" settings for BTC-e, and my bot sold me out @ $499, similar to you, now the market's back up, & I'm with fiat. I'm afraid I'll end up with less BTC than I had before after this now once it buys in at a higher price eventually.

Pablo, these "recommended" settings are no good if this is what they're going to do! I need some better settings.

Could someone recommend some settings that would sell closer to the peak of $800 than $499, and still buy low, please? I don't understand EMA enough to come up with them myself.

Pablo, this is the kind of bad trading I hope the devs can code a better way to protect against. Maybe they don't need to code anything- maybe I just need better settings, I don't know.

All I know is I just lost a bunch of money & I don't like it.

I don't have any of my settings on hand but if I can get to them later I'll give you some to see if they might help. Best thing to do is to lower your EMA's and play with the timing to make sure you're not real far behind the curve--that's if you're going to let your bot manage it entirely.

Example, when I saw the volatility today, I killed my BTCE bot but let the MTGox one go (as it had settings geared more toward the flux). BTCE had already sold high for me, so I was sitting nice when I killed it as I was holding very low. I then purchased manually on a second downswing and am holding until I can get time later to work on new BTCE settings.

Sometimes you need to keep an eye out on this stuff.. hope your luck changes. The good news folks, is that BTC is going to keep going up.

This situation is the very reason I had mentioned a bot-idea to Pablo in the past, regarding backtesting--being able to select same-day testing (only), or a time frame  so you could specify the previous day or 2 up to present.

This way if things didn't go how you would've liked, you could twiddle with settings to find what would've been better, and then make a note of those settings for future flux.

Hopefully it is a feature Pablo can make happen

It's a long term strategy, not a day trader bot.  You have to accept that.  You can look at the charts and see clearly why its not going to trade.

Pablo

I would like to see 'don't sell at a loss' feature.

Please

Hey Guys ,
  Lot's of activity .

About the "Do Not Trade at a Loss" feature, results are not yet conclusive, it shouldn't be overly hard to code, we just don't want to include a feature that looks "good" but that could end up creating losses; especially given that a good portion of our users are new to trading.

About losses or profits in the last market movement, I will say again: you can not account for success or failure with individual market movements you have to look at them in aggregate over a period of time when using EMA. I have been getting emails from people who have had quite some success these past two weeks by tweaking their settings to this particular market (lower time frames, alternate thresholds, etc.).

The issue with this is that it can often work well. Why is this an issue? Because although Butter may generate some losses in a given market, and tweaking Butter to what you as a user perceive the market to be can generate some profits in this market, the math tells us that if we were to look at 50 or 100 markets over a longer span of time the EMA strategy would win out in the end.

I was much more militant about this in the beginning because we designed Butter with the Mathematics of Goomboo's quite in depth discussions and theories in mind but I can understand the lure of immediate profit, in the end it is a personal choice of how you wish to use Butter, it will work either way, you just have to decide what time frame you are looking at.

The "Starter Settings" will stay as they are with the long term view, but please keep in mind you are meant to tweak these as you gain understanding of Butter and according to your own risk profile.

We are also working on improving the trading engine with some other indicators, but it's quite premature for me to promote this as we are still trying to figure out what works and what doesn't; we want to make sure that whatever we release it is not only an improvement over the current engine, but an important improvement over the current engine.

For any issues of a one to one nature (tech support, refunds, etc.) please drop me an email at Pablo@Butter-Bot.com .

Hi Pablo,

I think it would be very useful to put a warning that says "WARNING: THE BOT WILL BUY AT THE CURRENT PRICE, WHATEVER THE MARKET CONDITION IS AS SOON AS YOU ENABLE TRADING. (I UNDERSTAND/STOP THE BOT)".

In the future you should add an additional per-market setting like "Initial buy price: XXX".
Then when you click on the "enable trading" link or button the BOT should show an alert that says: "Do you want to wait until a price of XXX has been reached before allowing the BOT to buy? (YES/NO/CHANGE THRESHOLD)"

Of course the BOT should use the threshold only when trading goes from disabled to enabled and not during its normal operation.

This could help with users that start to try the BOT in a day that shows a lot of fluctuation and avoid a situation where the BOT buys at 700 and sells 30 seconds later at 500.

OK, so the BOT should also have an initial sell threshold price when you enable it (it could be the same threshold price for both buy/sell actually, but I am sure users would like the extra flexibility).

If the BOT in going to buy the alert should be:


If the BOT in going to sell the alert should be:


So the user will know what is going to happen.