From what I can tell it pulls the chart from bitcoincharts.com which is stuck as well.

Butter has not updated GOX since 0830hrs this morning.  I suspect this is a GOX problem rather then a Butter problem, as I am having trouble accessing the GOX web site as well.  Just confirming others are seeing this too...?

I'm kind of interesting in trading MACD. What do you think of using that as trading indicator or a way to incorporate that into the bot?

Yep GOX is back online

Hi Pablo,

Any sort of consensus reached on the arbitrage bot?

This will most likely be a feature in V3 .

Pablo.

Arbitrage opportunities are often fleeting, as the exchanges are reacting faster and faster to imbalances.  This leads me to believe that there are arbitrage bots working out there, they are just not being shared with us.

Because these opportunities have to be capitalized on so quickly, (often 60 seconds or less), some automation is needed to make it work. Even with the block on actual transfers between the exchanges, this could be accomplished thusly:

1.  A major trade occurs on GOX sending the exchange price into sufficient imbalance that a profit can be made.

2.  The bot senses that GOX>BTC-e & GOX BTC/LTC ratio > BTC-e BTC/LTC ratio, so it triggers a sale for a predetermined amount of BTC-to-LTC on GOX while simultaneously buying an equal amount of BTC-from-LTC on BTC-e.

3.  A message (email or txt) goes out to the trader to manually transfer the traded amount of BTC to GOX & LTC to BTC-e.  Once this occurs, the system is "recharged", and can fire again the next time the exchange bounces out of step with the other.

As we speak, the price of BTC is $8 more on GOX then on BTC-e.  The bot would see this, confirm that the BTC/LTC ratios are equal or at least friendly, and sell the 100 BTC I have sitting on gox into LTC and the equal amount of LTC into BTC on BTC-e.  I have to sit down & recharge the system by manually sending 100BTC back to GOX & the equivilant in LTC back to BTC-e, but I made $800 minus fees for my effort.

Make sense lol?

I used GOX in the example because it will provide an opportunity in the day's & weeks after they get their much-delayed trade engine up & running.  They have made the statement that the engine will support LTC.  Those with a bot ready (or at least close) when this happens should be able to get in on some major arbitrage.

In the mean time, the bot would need to support the exchanges that already cater to alts.  Because the volume on these exchanges is low, there is considerably less coin to be made with these exchanges, but they are perfect for tuning the system on while we wait for bigger fish to present themselves.

I see such a bot as a rare opportunity to actually be a little ahead of the curve for once. 

I'm going to jump in here suggest you do not use TSL until you have a solid feel for the bot as well as a solid feel for the mechanics of EMA.

We have the TSL feature because it was a feature requested by a very small group of expert traders for their own needs. Unlike the rest of the bot, which you can set and leave be to do it's work, TSL requires monitoring to avoid losses.

If after all of this you decide to use TSL, make it a large number, above 15% to identify a real crash from a market movement.

Please IM me if you have any questions .

Pablo.

couple question fellow bot trader

do i need to run this bot 24/7. how long did your bot make any transaction, right now my bot running a day without activity and using recommended setting from pablo