I noticed the tiny downturn. Made 3 BTC from it just now.

It looks like different indicators say it is about to rebound.



Edit: And it is rebounding.

If your b-bot just got you out, then it will likely get you back in pretty soon (it looks like a small rebound). So about 2 fees incurred at the least.

PuertoLibre have you read all of goomboo's Thread???..  I mean every page of it?

You make a lot of good points but I believe most, if not all of them, are answered in Goomboos.


Remember goomboo's #1 rule is Keep it simple..  I am not sure what your trading background and Trading experience is But according to GoomBoo's, who seem to have a LOT of experience, he stated he has tried 1,000's of methods from complex to simple and has settled on EMA as a good simple one to use..

Note: I had almost zero Experience it all this so all I am going by is goomboo's Thread...   You may be a lot more Expereinced than GoomBoo and if you are that is great and we are glad you are here..  If you are not, Please please please go read every page of his thread..


Couple of clarifications about my post that you had questions on..


What I consider a sideways market(And I may be wrong) is that for the last 3 or 4 weeks, BTC has not gone up or down very much at all..   Maybe sideways means something else?  If the market is barely moving up and down say withing a 0.10 range...   Example 100   up to 109 per BTC back down to 101.   Is that not a sideways market?   On such small swings I dont know how anyone trading BTC(using a bot or not and using EMA or another method) can make much profits trading BTC unless you happen to be trading with like 1,000 or more BTC in your trade account?  Thus what I mean by a sideways market...



Next you ask about my statement that we need the market to move 0.40 to 0.60 to make a decent profit..   What I mean is per BTC..  Meaning right now as I type this the price of BTC is 103.    We would need it to go up to 143 or 163 to make a really good profit(using the Bot and EMA)   I think the way I was using my decimals was confusing..


Anyway as I said if you have a TON of Exp and even more then GoomBoo's then please continue in teaching us what you can..  But I am not sure(by what you have posted) that you do have more Exp then him..


  Thanks!



 

hehehe  My trading volume is really small..   5 BTC at the moment..  But I want to slowly build it up from my Mining..   I dont ever see a day where I will have like 1,000 BTC LOL But my dream is to someday have 50 to 100 BTC for just trading..

I am actually doing 3 main things right now..

Trading BTC with the Bot
Investing in BTC Stock on Bitfunder
And Mining..  (I have a Knc 400 GH's miner I am hoping to have by Sept if they really ship on time)  Right now I am GPU mining Alt Coins..

 So I am trying to diversify in my BTC holdings..  

Yea agree.  And always assumed if you have a Higher Volume to trade with, that would make a big Difference, on your profits..   

https://cryptotrader.org/backtests/wGfXaAKif8RFme5Bg

According to the ema strategy of 0.25 and 1 day changes, the profit would be close to 400% since Jan 1, 2013. (10/21 ema)

2013-01-02 18:00 Simulation started. Balance: 1000 USD
2013-01-02 18:00 BUY 74.887 BTC at 13.28
2013-04-16 19:00 SELL 74.887 BTC at 68.36
2013-04-20 19:00 BUY 39.986 BTC at 126.62
2013-05-03 19:00 SELL 39.986 BTC at 98.10
2013-05-19 19:00 BUY 31.670 BTC at 122.50
2013-06-06 19:00 SELL 31.670 BTC at 118.97
2013-07-17 19:00 BUY 37.832 BTC at 98.50
2013-08-02 19:00 Simulation completed. Balance: 37.832 BTC (3953.46 USD)

===================

Same settings, only with an EMA of 14/21 and you get 800%

https://cryptotrader.org/backtests/EhQvz6SatHr4HPdeN

2013-01-02 18:00 Simulation started. Balance: 1000 USD
2013-01-02 18:00 BUY 74.887 BTC at 13.28
2013-05-06 19:00 SELL 74.887 BTC at 112.25
2013-05-21 19:00 BUY 67.653 BTC at 122.89
2013-06-07 19:00 SELL 67.653 BTC at 111.00
2013-07-26 19:00 BUY 77.349 BTC at 96.02
2013-08-02 19:00 Simulation completed. Balance: 77.349 BTC (8083.08 USD)

Someone previously asked me why. I think I forgot to respond.

=============================

https://cryptotrader.org/backtests/QviZdcwv6DNhCjjAL

2013-01-02 18:00 Simulation started. Balance: 1000 USD
2013-01-02 18:00 BUY 74.887 BTC at 13.28
2013-05-05 19:00 SELL 74.887 BTC at 115.98
2013-05-19 19:00 BUY 70.124 BTC at 122.50
2013-06-07 19:00 SELL 70.124 BTC at 111.00
2013-07-25 19:00 BUY 79.405 BTC at 96.95
2013-08-02 19:00 Simulation completed. Balance: 79.405 BTC (8297.91 USD)

14/21 ema

triggers at -0.01 in both buy/sell

830% results.

But here again all these Wild %'s of profits was due to the Price of BTC being at the $15 per BTC  at the first of the Year..  Not saying we should throw that out of backtesting but I am not sure we will ever see upswing like that again anytime soon..   Just about ANY method during that time frame would have made a Large Profit..   


I am trying to be more realistic with my Backtesting..

Well its right here  https://bitfunder.com/

And it works like a stock market..   

I think high frequency trading would be an interesting new strategy module when we get that off the ground. Part of the reason we will introduce strategy modules is to help people who want to make shorter term profit. We're open to suggestions as to what specific stratgies you guys would like to see .

Pablo.

I'm sorry I posted my answers all in a row today, and I'm sorry I'm spamming the thread again but I just want to tell you guys how happy I personally am with the discussions we have been having. Amongst ourselves we disagree on certain points but it's so encouraging to me to see you guys arguing your points with each other. I hope we can continue to have these discussions on a regular basis and to grow them into a collaborative effort .

Pablo.