Buying at peaks on 4.0.5

[nbanks51]

Gunbot appears to quite consistently be buying at terrible times. It often sells only to buy back again shortly afterwards at a HIGHER price, usually near a peak. Why is this happening?

If there is not enough data for bb, this behaviour STILL doesn't make sense to me. It should be buying 1% under EMA in that case, right? So is it possibly something to do with my EMA settings? Should they be set to EMA1:200 and EMA2:50? Or 0.02 and 0.04?

Seems there's a LOT of confusion about what unit these EMA values are in for 4.0.5.

Thanks!

Code: [Select]

"bot": {
"debug": true,
"period_storage_ticker": 2000,
"interval_ticker_update": 25000,
"timeout_buy": 60000,
"timeout_sell": 60000,
"WATCH_MODE": false,
"VERBOSE": false
},
"strategies": {
"bb": {
"BTC_TRADING_LIMIT": 0.001,
"PERIOD": 15,
"BUY_LEVEL": 1,
"GAIN": 2,
"EMA1": 4,
"EMA2": 2,
"HIGH_BB": 30,
"LOW_BB": 30,
"PANIC_SELL": false,
"DOUBLE_UP": true,
"STOP_LIMIT": 60,
"BUY_ENABLED": true,
"MIN_VOLUME_TO_BUY": 0.001,
"MIN_VOLUME_TO_SELL": 0.001
},
"gain": {
"BTC_TRADING_LIMIT": 0.01,
"PERIOD": 15,
"BUY_LEVEL": 2,
"GAIN": 0.6,
"EMA1": 200,
"EMA2": 50,
"PANIC_SELL": false,
"STOP_LIMIT": 60,
"BUY_ENABLED": true,
"MIN_VOLUME_TO_BUY": 0.001,
"MIN_VOLUME_TO_SELL": 0.001
},

[paramecie]

FIRST set "double_up" to false, it's a catastrophic option, it'll rebuy when the price is going down...
Only for real pros ;-)

Then, for the 4.0.5 I don't know. Maybe try the last 5.0.4 version? Or the official 3.3.2?

[sloaleks]

Yeah, switch to 504. Play with double up at own risk.

[nbanks51]

OK thanks guys!

My license doesn't seem to be enabled for v5. I'm right in understanding that Gunthar has to specifically enable that for each license, right?

I sent him a message but received no reply. Is there any other to get it working?

Cheers!

[sloaleks]

I'm affraid not. The man is busy, so have patience.

[nbanks51]

I still don't have a reply from Gunthar. It has been almost a week now since my first message to him.

In the meantime I am painfully using 4.0.5. Consistently seeing this blatantly incorrect behaviour.

So at this point I am rather at a loss - Gunbot is completely useless for me.

[paramecie]

As said elsewhere - and I don't know for 4.x version, but :

* 3.3.2 is pretty reliable on buy prices

* 5.0.4 is fucked up, and is corrected in 5.0.5
https://github.com/GuntharDeNiro/BTCT/issues/131

So, my guess is either: revert to 3.3.2, or wait 5.0.5, or manually trade, or develop your bot, or get rich another way, or enjoy life with what you have ;-)
See, many options.

[nbanks51]

Right, but in all fairness, having bought a product there is rather an expectation that ought to work.

I am running 3.3.2, as you suggested. Apart from the relentless barrage of technical issues (Bittrex errors galore, getting stuck on open orders, et al.), I seem to be having precisely the same problem that I encountered with 4.0.5.

Gunbot seems to insist on buying again as soon as it has sold, often far above the SMA and EMA. (see both on the left and right of attached screenshot).

Given the popularity of this bot, I can only assume that my settings are at fault or that I am doing something else wrong.

PERIOD: 15   
BUY_LEVEL: 0.6
GAIN: 2
HIGH_BB: 25
LOW_BB: 25

Thanks for the help, paramecie!

[paramecie]

BUY_LEVEL: 0.6
GAIN: 2
HIGH_BB: 25
LOW_BB: 25

That may be the cause.

Invert BUY_LEVEL and GAIN, at least.

For a *cool* configuration, BUY should be 5 up to 3 maybe.
This means it won't buy if the price is ABOVE 5 to 3% UNDER EMA (1 or 2, the lowest).
It ensures not to buy too high.

GAIN is the profit you expect, it won't sell unless you'll make 2% (here) profit from the bought price.
A cool configuration would be closer to 1% or even less (but count your trade fees).

Those are basic parameters.

There are really plenty of tutos and pages from Gunthar in the Help part of the forum.
Please take time to read.

[nbanks51]

Thanks for those pointers -- much appreciated.

I have tried Gunthar's recommended settings today (similar to what you suggested in your previous post). I still have the same issue. The bot sells, only to buy back again a few minutes later at a higher, or negligibly lower price (thus making a los because of fees).

This behaviour seems to be very very consistent. See in the screenshot from today.

My 5.0.x license seems to be working now. So perhaps I will give 5.0.4 a shot. Looking forward to 5.0.5!

Thanks again!

[paramecie]

This behaviour seems to be very very consistent. See in the screenshot from today.

Please see new version status here:
https://gunthy.org/index.php/topic,1504.0.html

[nbanks51]

Awesome