The Litepresence Report on Cryptocurrency

[presence]

ICY bought at the top @ 11.51 and now the price is falling...LOL

How wonderful. I'm losing interest in this whole bot thing relatively fast.

[TABLE="class: cms_table"]
[TR]
[TD="bgcolor: #00FF00"]In cash terms[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]41.6% of trades are winning[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]Winning trades are 856% bigger than losing trades[/TD]
[/TR]
[/TABLE]




[TABLE="class: cms_table"]
[TR]
[TD="bgcolor: #00FF00"]In LTC terms[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]76.6% of trades are winning[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]Winning trades are 114% bigger than losing trades[/TD]
[/TR]
[/TABLE]




small loss... small loss... small loss... small loss... HUGE GAIN

...rinse repeat


= profit

small loss... small loss... small loss... panic

= fail



59% of trades SPANK makes will lose $

41% will gain $$$$$

https://cryptotrader.org/topics/946508/how-not-to-use-a-paid-bot

[h=1]How Not to use a paid bot[/h]

marvin 2 months ago 687 19

• Buy an "awesome results" bot
• Avoid doing your own backtests
• Forget slippage and all the boring stuff, the simulation is exactly what I'll get
• Activate the bot with directly a big amount of BTC
• Wait 4 hours, and then stress because of no-trades / a bad trade
• Think you've wasted your money with this worthless bot
• Insult the bot and his maker
• Think you are going to lose all, and then disable the bot because you lost too much money
• See at the end of the month that your bot actually would had made some money if it was still active
• Return to step 1

 

[presence]

litepresence 2-5-15-30 Turbo Tune


coffeescript:
https://cryptotrader.org/backtests/FGPHKPLyqjzuuY4WF


python:
https://tradewave.net/strategy/uDqPPUIChc


I wrote this simple ema bot in coffeescript back in January and released it open source to the cryptotrader community. Here it is released open source to tradewave.net:



https://discuss.tradewave.net/t/litepresence-2-5-15-30-turbo-tune/130/last







Stoch RSI / SAR

python:
https://tradewave.net/strategy/mkUbGAjXlH#

coffeescript:
https://cryptotrader.org/backtests/yZjaXtjctmx3jLCvS



Aroon / MFI

https://discuss.tradewave.net/t/aroon-mfi-vwap-script/134

 

[muh_roads]

Avoid doing your own backtests

Why does running the backtest myself matter versus just viewing your backtest? It is a different result each time and has no connection with live trading or simulated trading.

EDIT: Glad to see tradewave is working. Have you tried plugging in one of your bots that require more than 4kb of serialized data?

I should rephrase what I said earlier. I'm losing interest in bot trading because Alex and cryptotrader suck.

 

[muh_roads]

[TABLE="class: cms_table"]
[TR]
[TD="bgcolor: #00FF00"]In cash terms[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]41.6% of trades are winning[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]Winning trades are 856% bigger than losing trades[/TD]
[/TR]
[/TABLE]




[TABLE="class: cms_table"]
[TR]
[TD="bgcolor: #00FF00"]In LTC terms[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]76.6% of trades are winning[/TD]
[/TR]
[TR]
[TD="bgcolor: #00FF00"]Winning trades are 114% bigger than losing trades[/TD]
[/TR]
[/TABLE]




small loss... small loss... small loss... small loss... HUGE GAIN

...rinse repeat


= profit

small loss... small loss... small loss... panic

= fail



59% of trades SPANK makes will lose $

41% will gain $$$$$

https://cryptotrader.org/topics/946508/how-not-to-use-a-paid-bot

Bought @ 11.51, sold @ 10.90

 

[presence]

Bought @ 11.51, sold @ 10.90

Good news is the live script is buying almost exactly like its backtest:

https://cryptotrader.org/backtests/B4KeYfzqLGatNHvs7

bought 11.5 sold 10.91

but yes... losing trade... it sucks.

Don't judge a book by its cover.

59% of trades SPANK makes will lose $

41% will gain $$$$$

Winning trades are 856% bigger than losing trades

 

[presence]

HOLY DOGE SHIT!

55

 

[muh_roads]

When things aren't sure if they want to take off, your logic should almost be reversed. If I was watching this thing simulated, I should've sold @ 11.51 when it wanted to buy, it practically grabbed the fricken top...lol

And when it sold, I should've bought more because that was the rebound point. It practically grabbed the bottom.

Bass Ackwards.

Just hang tight I suppose...I think BTC will correct to 480-490 before moving up again...

 

[PaulConventionWV]

When things aren't sure if they want to take off, your logic should almost be reversed. If I was watching this thing simulated, I should've sold @ 11.51 when it wanted to buy, it practically grabbed the fricken top...lol

And when it sold, I should've bought more because that was the rebound point. It practically grabbed the bottom.

Bass Ackwards.

Just hang tight I suppose...I think BTC will correct to 480-490 before moving up again...

I wish my BTC was available. I bought with fiat and I'm waiting for it to arrive at Coinbase. If I had had it already, I would've sold in the 540s for sure. Instead, I'll just have to take my measly hundreds of dollars in profit so far and be happy. Oh well.

I think that's what's going to happen, too. I believe the bear market is over.

 

[muh_roads]

pres, could you try that by chance? try reversing your bid logic and backtesting a non-bubble period?

https://cryptotrader.org/backtests/C9XkNLCuE72MSwtDT

 

[PaulConventionWV]

I think we should also consider the fact that this "final capitulation" moment is not like it was after the Gox bubble. The circumstances are different, and we may have already gone through a sort of prolonged retracement due to the end of the descending triangle. It's definitely possible that we won't see the price go under $500 again.

Then again, it's possible that we are still in a bear market and this moment of excitement from escaping the triangle will fade. I don't think it's likely, but it's possible.

 

[muh_roads]

I think we should also consider the fact that this "final capitulation" moment is not like it was after the Gox bubble. The circumstances are different, and we may have already gone through a sort of prolonged retracement due to the end of the descending triangle. It's definitely possible that we won't see the price go under $500 again.

Then again, it's possible that we are still in a bear market and this moment of excitement from escaping the triangle will fade. I don't think it's likely, but it's possible.

I'm trusting my whale buddy on this one that we're about to go up big time. Early adopters like to move the market based on really good news and apparently there is some good stuff coming that they are timing their trades for. (I'm guessing Paypal related)

There will be slow accumulation until the end of July. Minus a few micro whales along the way transferring their bags to the bigger whales.

I'm willing to bet on this and leave the bot off until then. I will let it run for another week to see what happens though.

I'm personally very excited. It's time again.

 

[muh_roads]

Although there is something concerning. There aren't a lot of whales that own LTC. They believe Scrypt coins will die once Scrypt ASIC's launch. And more people have bought those than when people were buying BFL 65nm generation. I was told the great coin consolidation is upon us. Each new paradigm shift will have a new generation of algorithm competition.

Scrypt will be replaced by X11 coins.

pres, can you fine tune icy for BTC/USD? I'm a little concerned about LTC/USD not replicating the previous bubble.

 

[muh_roads]

There is a trend flowing that is keeping BTC on top. And X11 is now the new algorithm you should be mining with your GPU's. Darkcoin and Cryptcoin in particular with their darksend features.

Cryptcoin is going to add the same features as Darkcoin. It's not the future, but there will be a 10-100 fold increase IMO. DRK already had a large rise...it may still go to 04, I dunno. But Crypt is young and most don't seem to know about it yet.

Just be careful not to sit in anything for too long.

 

[muh_roads]

Again the bot bought the top practically. 11.49

Why did it not detect breakout sooner? Multiple 2 hour ticks went by and it didn't even make an attempt.

I think I am going to switch to simulated trading and follow it like an advisor instead.

 

[PaulConventionWV]

Again the bot bought the top practically. 11.49

Why did it not detect breakout sooner? Multiple 2 hour ticks went by and it didn't even make an attempt.

I think I am going to switch to simulated trading and follow it like an advisor instead.

Check hush.

 

[presence]

**NEW** OPEN SOURCE
https://tradewave.net/strategy/RxOoGbJPFT#




ICEBERG LIMIT ORDERS v1.0 beta

https://discuss.tradewave.net/t/iceberg-limit-orders-v1-0-beta-litepresence/142/4

# ICEBERG LIMIT ORDERS v1.0 beta
# litepresence
# May 25th 2014
# **** THIS IS NOT LIVE TESTED AND MAY STILL CONTAIN BUGS ****
# Reports Holdings and ROI 4X daily# Places 3 limit orders upon signal near the margin.
# Maintains about 3 orders on the books at randomized prices, amounts, and timeouts

 

[muh_roads]

**NEW** OPEN SOURCE
https://tradewave.net/strategy/RxOoGbJPFT#




ICEBERG LIMIT ORDERS v1.0 beta

https://discuss.tradewave.net/t/iceberg-limit-orders-v1-0-beta-litepresence/142/4

Nice dude. So glad tradewave is finally open for business.

Are you finding it less restrictive than cryptotrader?

 

[muh_roads]

Slowly Converting some BTC into LTC. It will rise if the USD market pairs continue to tank.

 

[nayjevin]

Hai

 

[lotsOfCake]

I'm waiting for that ltc/btc uptrend that signifies true market reversal :|
Is it being manipulated? LTC just doesn't seem to be delivering...

It could be a "have to contain it while positioning myself" type of market move.

Market sentiment is; "It might go up but we don't know, better to play safe with BTC or get on another alt coin wave."