Messages

1

General Discussion / Re: Rough week: How much was the market and how much was Gunbot?

« on: September 21, 2017, 10:00:20 AM »

I really appreciate your input! I joined that Telegram group, but haven't had much time to spend in there yet. I hope to focus on this over the weekend.

I've been trading anywhere between 10-15 pairs at a time, but I only do the BTC pairs. I tried having BTC and ETH pairs at once and it went bonkers. I woke up to a bunch of sales at losses and almost everything had been shuffled over to ETH.

I try to focus on pairs with a high volume and generally increasing trend. Unfortunately, nothing lasts forever and when the coins go down, I don't know how to get away from them. It seems like GB will do rapid buy/sell transactions on a rise, but then get stuck with the last lot which was bought at the highest price so it never gets sold. Then, because it's moving lower, GB quits interacting with the pair. I've switched over to ping-pong in some of those cases with positive results, but not everything works well for that strategy.

I would love to see even the 1% gains that people talk about, let alone your recent 3% days. That's terrific.

2

Beginners & Help / Do you ever manually sell to cut losses and move on?

« on: September 20, 2017, 06:02:01 PM »

My example is with ARK right now. Everything was going very well and GB made lots of profitable trades. Unfortunately, now I'm left with a bunch of ARK just sitting there that GB won't get rid of. I'm wondering if I should just keep my fingers crossed in hopes of it eventually going back up (it might, it's not a bad coin) or if I should just sell it to free up the capital to make profitable trades elsewhere. I might consider putting on double up, but I don't have enough bitcoin to cover the entire lot of ARK.

3

General Discussion / Re: Rough week: How much was the market and how much was Gunbot?

« on: September 20, 2017, 06:27:35 AM »

Apparently trading different markets (BTC-, ETH-, USDT-) requires separate licenses to be successful. Trading a mixture of them with one bot can cause problems where all your assets end up funneled into one thing or another less efficiently.

I have yet to gain any profits. At this point it's been running for nearly two weeks and I'm down almost 50%. I keep reading message boards trying to figure out what the problem is, but I can't seem to find a smoking gun.

You mentioned that things have turned around now-- how many coin pairs are you trading at a time?

4

Beginners & Help / Selling in BB strategy

« on: September 17, 2017, 09:49:48 PM »

Does Gunbot sell right after the price peaks after going above your HIGH_BB threshold or that scenario AND being profitable compared to past buy prices? I know it's not perfect to compare Gunbot's behavior to the BB graphs drawn by Bittrex, but it looks like it's missing big selling opportunities. My theory was that it was waiting for that to happen when it was able to get a profit.

If that's the case, is it possible to turn that off? I know the ideal strategy is to turn on double_up and wait for it to average out, but I'm just curious about the control of BB strategy.

5

General Discussion / Re: Most reliable pairs?

« on: September 17, 2017, 11:59:39 AM »

I was using default BB (40/40), but I recently switched over to bbstepgain because I've noticed that when it goes up, it does so in jumps. I think BB sells too early to take full advantage of them. Maybe your low end is too low and it's not buying often enough to sell at peaks when they come around.

Which pairs have been working well for you?

6

General Discussion / Most reliable pairs?

« on: September 17, 2017, 08:57:08 AM »

Hypothetically, if the next version of Gunbot only supports three pairs, what would your three reliable moneymakers be?

Over the time I've been running Gunbot, I have had good results with EDG, ARK, and OK (all paired with BTC).

7

Beginners & Help / Best proportion for BTC_TRADING_LIMIT

« on: September 16, 2017, 01:29:50 PM »

I'm wondering if there is any consensus on what the ideal proportion of total bankroll to BTC_TRADING_LIMIT should be. If set too low, any returns will be minuscule, but set too high, and you greatly increase the risk of ruin. From the posts I've read here, it seems there are people trading with a wide range of bankroll sizes. Does anyone have any rules of thumb on how to choose that parameter optimally?

8

General Discussion / Rough week: How much was the market and how much was Gunbot?

« on: September 15, 2017, 08:18:24 AM »

I bought a Gunbot license a week ago and have been running v4.0.5 24/7 ever since with an almost default BB. (I was told by the reseller to increase the gain setting from the 0.6 initial value.) I have tried to use high quality, solid reputation, top volume coins. I have swapped some in and out, but there have been usually at most 10 BTC-coin pairs at a time.

Over the course of the week, I have seen the value of my Bittrex account decrease by nearly 40%. I understand that the market took an incredible downturn over the last few days so I know some of the blame lies there, but I'm wondering how much. How has everyone else fared over the last crazy week?

I noticed that when a coin had a downward trend, the bot would continue to buy and my portfolio would become overexposed to declining currencies. That overbuying process would deplete my BTC stores which meant that the bot was unable to take advantage of some of the other coins' really solid gains. It essentially froze itself up by overbuying tanking coins. I have since changed the STOP_LIMIT to 30 to avoid those situations.

For those of you who were profitable over the last week, can you offer any advice on how to right this ship?

9

Beginners & Help / Re: Trading BTC pairs and ETH pairs on separate instances of GunBot

« on: September 10, 2017, 09:37:48 AM »

Something similar happened to me, but on a shorter time frame tonight. I thought maybe it would be a good idea to trade the top five BTC and top five ETH pairs at one time despite some of their overlap (all the same BB config). I assumed it would allow for arbitrage opportunities. Initially everything looked good. It would buy an altcoin in one currency and then sell in another (or vice versa after a while). Unfortunately, the sales are listed in their main currency so it was difficult to tell whether it was a winning strategy.

I set it up and decided to let it do its thing for a while. I came back after 5 hours (saw a movie) and found that my account's value had dropped 8%. Most surprising was that almost all of my money found its way over to ETH. Unfortunately Gunbot wasn't able to take advantage of some volatility in a couple coin pairs due to insufficient BTC funds because of it.

I'm proud to say that after two hours of untangling things in the config file so that BTC and ETH are playing in separate corners of the cryptoworld, I'm up about 2% (~$100) and now my BTC and ETH are about equal now. No doubt Gunbot is an incredible tool, but it's certainly not a magic money making machine. Nor is it a black box. It takes monitoring, patience, and tinkering to create gains.