The Litepresence Report on Cryptocurrency

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.



Here is 3X LTC in 60 version 1.2

https://cryptotrader.org/backtests/ooCLc4k4sFunZfzFq



Now trades on the same wave...but using 5m candles and 50LTC bid increments.


anything of course is beta.


fatjohn, yes the site is new... The reason I trust it is because the dev is present, making changes, taking feedback... etc.

It is very much a "new" situation and its a little laggy and buggy like a cryptsy experience... but all in all the forums have very good vibes; I don't get sketched out by the "tone".


Here is a link to live chat:

https://cryptotrader.org/topics/354366/cryptotrader-org-live-chat
 
regarding API keys... you must be a member of an Exhange like btce or mtgox to use this bot trading engine. You get your API key from your user "profile" at btce. Be sure to check off "trade" "info" and click save when you generate a new key.
 
regarding API keys... you must be a member of an Exhange like btce or mtgox to use this bot trading engine. You get your API key from your user "profile" at btce. Be sure to check off "trade" "info" and click save when you generate a new key.


You have to pay to be able to use their services? cryptotrading, that is.
How can a newbie be sure the bots there will perform well?
 
- find someone you trust 100% who is already making gains to give you their source (more gains than buy and hold would get you)

Or,

- use bots to AUTOMATE YOUR TRADING STRATEGY, not to get rich without trading

my 2 cents!

all I have is a bot sending me emails when the price goes down. then i can consider whether my kidney is worth that price, since I'm not very heavily invested in the dollar atm.
 
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You have to pay to be able to use their services? cryptotrading, that is.
How can a newbie be sure the bots there will perform well?

Yes it costs .17 BTC for half year.

Nothing is certain... but there are some pretty kickin' bots there:

https://cryptotrader.org/backtests/i5KYSvrwmr9DfLwBq


here's one I just built:

https://cryptotrader.org/backtests/Z6Q57HDBfmoNanmmP


add "cryptocat" to your browser and go to chatroom "cryptotrader" to chat... there are 10 members there now.
 
Trying to Learn how to Code Trading Bots

Hello, new on here. It says I need to make a post before I can post with an image, so here it is. Subject matter will be writing Crypto Trading Bots in CoffeeScript
 
Yes it costs .17 BTC for half year.

Nothing is certain... but there are some pretty kickin' bots there:

https://cryptotrader.org/backtests/i5KYSvrwmr9DfLwBq

here's one I just built:

https://cryptotrader.org/backtests/Z6Q57HDBfmoNanmmP


add "cryptocat" to your browser and go to chatroom "cryptotrader" to chat... there are 10 members there now.


Hello, new to this Forum, but have been following it for quite some time. Thanks LitePresence for sharing your knowledge and more recently your trading bot testing results.

For the first kickin' bot you referred to above:

https://cryptotrader.org/backtests/i5KYSvrwmr9DfLwBq

it seems to me it only really is kickin' when trading on 2 hour candles, with the backtesting I have completed (see image below - hope it turns up, had to post from an online link and dropbox was my only option in that regard). Just learning so maybe I am doing something wrong here. Could you review these figures and advise if this might be the case, namely the trading periodicity is important for each separate trading bot one reviews and if so, shouldn't this be included in the header comments for a particular script?

Assumptions to my calcs:

1. Trader starts with 10 BTC only and selects two trading ranges.
2. First range starts on 31 July 2013 and continues to the present time. Someone who has gone very long and doesn't simply wish to be a BNH.
3. Second range represents a trader who lived through 29/29 November, got excited and started trading on 1 Dec 2013 and continues to the present time. A late in the game trader but not wishing to just be a BNH.
4. Buy trading fee set to 0.3% and Sell trading fee set to 0.2% for a total in and out of 0.5% to the exchange (fee structure @ Cryptsy - surely we should be able to conduct such trading bots there as well???).

Backtesting2.jpg


https://www.dropbox.com/s/qew42b2x4k83pku/Backtesting2.jpg

In many cases, while one ends up with appreciable USD gains, it leaves the trader with less BTC (unless using 2 hour candles during long trading ranges). My goal is to increase the total number of BTC with any trading bot I use or develop on my own, not necessarily USD . . . long term accumulation strategy. Should my backtesting be correct for this trading bot, I really like what I see for the Noob who started on 1 Dec 13.

In the above backtest calculations, to get the 1 Hour Candles I needed to compute the 31 July 13 -> 14 Jan 14 date range in two parts given data limitations @ cryptotrader.

One big benefit of this particular script however, is that it provides example code for how to monitor many chart indicators (e.g. Ichimoku, RSI, MACD, WMA, HeikinAshi, etc. etc.)

In my quest to start learning CoffeeScript I have located these two resources:

http://arcturo.github.io/library/coffeescript/

http://coffeescript.org/

Wondering if you may have other CoffeeScript resource links you have found to be beneficial.

In time hoping to backtest various scripts and then classify them into chart types which they would be most effective. Also digging through a number of scripts should assist in learning CoffeeScript particularly as it applies to writing a Crypto Trading Bot. If you find other Kickin' Bots maybe you can link them here and I can compile a Excel spreadsheet database to share (various trading positions for which they apply - e.g. long term, short term bear, short term bull, bear and bull traps, and scripts that not just trade the BTCUSD or LTCUSD cross, but perhaps trade in and out of various Altcoins depending on which is moving at the moment - my ultimate scripting goal - perhaps you have come across one that does this already)

Fingers crossed the image turns up else the context of this post will be lost. Worst case you will need to review the image via the dropbox link provided.
 
The other assumption used in the above calcs is both trades sold today @ USD908 (Mt. Gox pricing used), whereas BTC currently trading @ USD$926.
 
Hello, new to this Forum, but have been following it for quite some time. Thanks LitePresence for sharing your knowledge and more recently your trading bot testing results.

For the first kickin' bot you referred to above:

https://cryptotrader.org/backtests/i5KYSvrwmr9DfLwBq

it seems to me it only really is kickin' when trading on 2 hour candles, with the backtesting . . . . . . . .

. . . . .

Fingers crossed the image turns up else the context of this post will be lost. Worst case you will need to review the image via the dropbox link provided.

Apologies, 2 hr is noted in the script description. Missed that part, as I say I am new to all this. All's good.
 
Perhaps a BTC update as well, or just an update, period?

BTC going forward? In keeping with the dragon tail playing out as was suggested on here prior to Christmas, Aroon indicator shows a move higher today with a bounce off of the Ichimoku cloud and our new resistance line - $960? From there a Full Moon (16/17 Jan) price drop would not be unexpected (think back to what was happening during the last Full Moon on 17 December).


Graphic here -> https://www.dropbox.com/s/1o6er1srwieg72l/BTC-15-Jan-14.jpg


Remember the Huobi runs this market, and the Chinese are into lunar calendar trading.


$650 - $700 by 1 February is my expectation.


A good chance to focus on learning how to code trading bots.


Good 12 part intro video series on CoffeeScript here:


http://www.youtube.com/watch?v=pbWHx8lyNHY
 
Primecoin Lunar Cycle -> https://www.dropbox.com/s/o4y6vocu01jzyag/PPC Lunar Cycle.jpg

Notice how the exit points come about 3 days after the New Moon.

However, I think the beginning of the decline phase is more tighly correlated to BTC's upwards move away from its Ichimoku cloud around that time myself.

Anyway, wondering how high PPC, NMC and XPM will run up if you are sitting on a winning position? Take New Moon + 3 Days Max and make sure you are back into BTC by then.
 
Anyway this is the Bot I would like to see. Not so interested in accumulating USD. Regardless of where the near term price action goes in BTC, more interested in turning BTC into even more BTC. Since Christmas we have seen some good opportunities to do this as this graphic shows:


https://www.dropbox.com/s/ne6nk34y1owkmqj/Strong-Week-Trader.jpg


Now that we see that the phases of the lunar cycle play a big part also, its a matter of picking the LTC, PPC, NMC and XPM departures from their relative trading position with regard to BTC and buy them. Then knowing exactly when to sell them and get back into BTC.


If you look at LTC's move around Christmas, it will only ever get so far before BTC will rise in protest, signaling an end to the gap between them. That departure from the Ichimoku cloud (by a certain amount is the sell LTC trigger and scurry back into BTC). Same thing happened with PPC, NMC and XPM on about 3 January. By late 2 January one should have noticed BTC rising and known this was the signal to sell and get back into BTC.


Rest of the time you just ride along in BTC and wait.

Add in more coins as detailed charts become available? Sure why not, the more the merrier I say :-)
 
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