The Litepresence Report on Cryptocurrency
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amonasro
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cryptotrader.org
Great site if programming bots to outperform the other bots is your thing
Neil Desmond
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Yes, I know what it means.
presence
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UPDATE:
RE: 3X LTC in 60 days
be warned... when the bot begins it MAY make very poor trades until it builds moving averages....
It does not "look back in time" to build MA's to it has to initialize.
I have had a number of complaints and I'm sorry. I lost $ on initialization myself until I understood what was happening.
Trade w/ small $$$ (10 LTC) until the bot is humming along... then drop bank on it.
ALSO... be warned. I am new to bot building, I am very good at creating "decision points" but my coding skills are pretty noob... so beta and backtest everything yourself
AND ALWAYS INITIALIZE ANY BOT ON SMALL $
RE: 3X LTC in 60 days
be warned... when the bot begins it MAY make very poor trades until it builds moving averages....
It does not "look back in time" to build MA's to it has to initialize.
I have had a number of complaints and I'm sorry. I lost $ on initialization myself until I understood what was happening.
Trade w/ small $$$ (10 LTC) until the bot is humming along... then drop bank on it.
ALSO... be warned. I am new to bot building, I am very good at creating "decision points" but my coding skills are pretty noob... so beta and backtest everything yourself
AND ALWAYS INITIALIZE ANY BOT ON SMALL $
presence
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Thats this bots fail... it starts to trade immediately... but it doesn't have a good long moving average until 12 hours in.
So in the first day it may make some "fluke" trades.
I'm beta testing several bots, and I've actually given up on the 3X LTC bot for the moment because its really designed to 3X LTC during a April bubble or China bubble.
The 3X bots other "fail" is it works on open orders. I was designing it for noobs w/ small amounts of money who were new to bots and looking for something with no chance of being trojan/malware.
Well that's great until someone decided to run my bot w/ 500k usd last night and dumped their bank on the books in open market orders and quickly got burnt.
This bot needs to be initiated small amount... for first 24 hours... then you can 10x that amount until it loses profitability.
Hope that helps.
presence
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I've moved on to beta testing other bots... and since I need a seperate account for each I've given up on this one for the time being. Though several ppl have pm'ed me w/ mixed results... The bot is a 1h bot and should only execute trades every 3 days or so... it is also important to note it is not designed to be used with more than 20k usd at a time; it works on "market orders" and can be the force which drives up its own buy price.
Never underestimate the power of your own wake.
Part II
I'm a member of cryptotrader.org... it costs 1 LTC/mo and runs your bots for you on a cloud server.
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lol, you mean a pump that was initiated by your bot?
Thanks for the info. Do you have a bot you prefer during dull times like now and another for more crazy times?
Revelations
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Thats pretty silly for someone to throw 1/2 a million $ on a system without care. Not your fault for a moment.
Whith your setup, I ran some back tests from 1 Dec 2013 to yesterday and I was able to 2x my 1000$ investment. A 100% ROI is pretty good IMO! (even on paper). I chose that time specifically to see how the system works during times of sideways or otherwise quiet times.
presence
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presence
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yes, a pump initiated by your own bot... or by a "swarm" of users using the same bot as we've seen in the above pic
Now regarding do I have multiple bots... yes. I do. Do they all work? No.
coffescript is not to hard to catch and the cryptotrader community is really a cool place with good vibes.
Most of my bank is just sitting in bitcoin (well... I rode the LTC wave earlier manually)
But I'm beginning to see some of the shortcomings of bots and I'm gradually building a "collection" of interacting bots.
Backtests and real world are two different animals when you consider your own wake.
The problem I'm having... many of my bots take a few hours to "initialize" the calculations... and I've only been bot building for a few days...
More time will tell. Any long wave bot really isn't going to tell you anything until a week or two passes; its designed to trade 10 or less times a month.
I built that simple 3X LTC bot... I've looked over Liteguy's 2h bot that ppl are over using and now gaming in retaliation. And I'm slowly picking up coffescript in the process.
I'm really good w/ math... no so really good w/ code; I know what I want to say, but often am troubled by stupid syntax issues.
But I do have a goal and I am wrapping my head around syntax
Goal is a series of "simple" ema crossover bots working as a self regulating swarm of their own.
One that "auto hedges" my bank moving 1 BTC at a time via ema cross between USD AND BTC on 2 hour frequency... but calculated in 120 minutes as to avoid the "on the o'clock" swarm rush hour. And moving its 1 BTC increments at differring thresholds as to not "drown in own wake"; dump piecemeal. This is my "long bot". It will be quite similar in wave scale as my original 3X litecoin bot. But work on the minute trading and calculating scale and move BTCUSD instead of LTCUSD.
So then I'm going to have a second bot short playing NMC/BTC and XPM/BTC bulltraps; simple ema cross again. 1 BTC movement at a time.
And a third bot playing breakout bull movements in NMC/BTC and XPM BTC
My usd holdings will also have a similar set of bots playing bulltraps and outbreaks on LTC/USD and PPC/USD
So far... I've learned programming bots on tne 1h is "best for trading" but worst for "market orders"... so I'm doing everying by the minute... which makes backtesting much more time consuming; larger data sets... smaller windows of time the system can handle, multiple tests to test 1m of data... plus they take longer to initialize in minutes vs hours; more weird data at first etc... but the results should be smooth running bots that don't create wake and move on 1h scale cycles for in and out of crypto... and 15m scale cycles for bulltraps and bull runs on the ratios, regardless of whether I'm holding fiat or crypto.
Thats the plan anyway.
Tonight I'm sleeping on a NMC/BTC bulltrap bot that works in 15m size candle cycles but runs on 1m increments.
Its perks
1) it leans BTC and doesn't hold NMC long
2) it backtested 2X in 30 days NMC holdings
3) I initialized it all day while I was holding LTC and it hand nothing to spend
4) It nails 15m bulltraps like a boss and NMC/BTC is always either bear market or straight to the moon; most of the time its bear market down.
downfalls
1) only rides "bull traps" never rides a bullish breakout that NMC is known for... but really makes up for it on the backside (again 2X NMC in 30 day backtest)
2) works best on backside of a NMC breakout... 5+ trades a day... but then slows to 1 trade every other day in "sideways" market
3) I'm running it live first time while I sleep
4) it moves everything you give it at one time... once I know it works well a 1 BTC I'll add in code to move incrementally.
5) the way its currently coded it would override any attempt to buy a breakout bull movement by another bot.
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presence
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on the "dull times like now" subject...
if you tighten your thresholds in your bot it will activate with less spread between ema's. This configuration will work better for "sideways" but bears the risk that you will buy something short that really puts you on the "wrong side of the book" for the long movement. So when playing sideways on thin thresholds always "watch your bot". Like anything else... backtest on a market similar to the one you anticipate and adjust from there. You may also wish to move to limit orders w/ timeout in the case of "sideways" to prevent some stoploss and chasing the margins too thin.
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fatjohn
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Hey litepresence,
I made an account at cryptotrader. The mail said the following:
4. Click 'Trade' button, you will see the form that allows you to configure trading bot, put you API key & secret into it and then click 'Start'. After connecting to the exchange, you trading bot configuration should appear at https://cryptotrader.org/live where the bot will log all its trading activity.
What is an API key and a secret key? To which adress do you need to send money to? How easy is it to get dollars out? How old is this site and how come you trust it? It does not seem to be very transparent plus, its expensive. I'm maximally willing to put 1200 dollars in trading and i need to pay 210 for 6 months.
Also your LTC x 3 bot is taken offline? I cannot see it anymore and yesterday I could.
I made an account at cryptotrader. The mail said the following:
4. Click 'Trade' button, you will see the form that allows you to configure trading bot, put you API key & secret into it and then click 'Start'. After connecting to the exchange, you trading bot configuration should appear at https://cryptotrader.org/live where the bot will log all its trading activity.
What is an API key and a secret key? To which adress do you need to send money to? How easy is it to get dollars out? How old is this site and how come you trust it? It does not seem to be very transparent plus, its expensive. I'm maximally willing to put 1200 dollars in trading and i need to pay 210 for 6 months.
Also your LTC x 3 bot is taken offline? I cannot see it anymore and yesterday I could.
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