Not a single trade in weeks of continuous running

[petters]

I bought Gunbot a few weeks ago and ran it for a couple of days with the bolinger band strategy on Poloniex. The bot seems to be running but it never bought or sold anything at all during the time I ran it, so I made a post on this forum and someone said that the version I was using was likely bugged. So I just waited for a new version to come and hopefully fix it.

Now that the new version is here I have been running Gunbot XT non-stop for about a week on 3 pairs, and still it hasn’t made a single trade. All Im getting is "Scanning poloniex for trading opportunities" and a heartbeat from the exchange, over and over again.

Does anyone have a clue what could cause that? And could someone send me the settings they use to get several trades per day so that I can try them and see if I can get the bot to give me some signs of functionality at all?

The settings I’m using now are:

bb      {19}

   NAME   :   bb

   TRADING_LIMIT   :   0.001

   PERIOD   :   1

   BUY_LEVEL   :   0.6

   GAIN   :   0.6

   EMA1   :   24

   EMA2   :   12

   HIGH_BB   :   40

   LOW_BB   :   40

   STDV   :   2

   SMAPERIOD   :   20

   PANIC_SELL   :   false

   DOUBLE_UP   :   false

   DOUBLE_UP_CAP   :   1

   STOP_LIMIT   :   60

   BUY_ENABLED   :   true

   MIN_VOLUME_TO_BUY   :   0.0001

   MIN_VOLUME_TO_SELL   :   0.0001

   TRADES_TIMEOUT   :   600

[sloaleks]

period 1 minute is a bit harsh. this gets the emas on 12 to 24 minutes, too spiky. set to 5 to 15 minutes and see.

[petters]

period 1 minute is a bit harsh. this gets the emas on 12 to 24 minutes, too spiky. set to 5 to 15 minutes and see.

I changed the period setting to 10 (PERIOD : 10) as you suggested and its now been running for 24 hours, but still the bot hasn’t done anything at all…

This is what the command window looks like when I run it. Does that look the way it should or is it missing something?

[sloaleks]

OK, now to relevant settings (but 5 or 15 minutes for your period). You have firstly to align your bot with the charts. Have you read this:

•If you are not using gunthy api (GUNTHY_API false):
◦For Poloniex and Kraken: ◾set PERIOD to 5/15/30/60 the same than you have on chart
◾set EMA1 end EMA2 equal to the number of candlesticks you have in the period of observation. Example: if you have PERIOD 15 and you want to use 2 hours, set EMA1 to 8. For 4 hours: set EMA2 to 16.
◾The BB formula is provided like this (you can change any of those values in config, provided array is "close"):

◾ ◾Middle Band = SMAPERIOD simple moving average (SMA)

◾ ◾Upper Band = SMA (from above Middle Band) + (SMAPERIOD standard deviation of price x STDV)

◾ ◾Lower Band = SMA (from above Middle Band) - (SMAPERIOD standard deviation of price x STDV)

Now you can look up your BB chart and see if the price reaches set values at all and adjust low BB accordingly. Then you will get a buy.





 

[petters]

I was very skeptical when I first read this so I didn’t bother trying it for a few days. But now I did, and it works!! The bot just made its first buy! Thank you so much for the help.

One question though, if all the Bolinger bands are calculated with the simple moving average, what purpose does the EMA1 and EMA2 settings have?

OK, now to relevant settings (but 5 or 15 minutes for your period). You have firstly to align your bot with the charts. Have you read this:

•If you are not using gunthy api (GUNTHY_API false):
◦For Poloniex and Kraken: ◾set PERIOD to 5/15/30/60 the same than you have on chart
◾set EMA1 end EMA2 equal to the number of candlesticks you have in the period of observation. Example: if you have PERIOD 15 and you want to use 2 hours, set EMA1 to 8. For 4 hours: set EMA2 to 16.
◾The BB formula is provided like this (you can change any of those values in config, provided array is "close"):

◾ ◾Middle Band = SMAPERIOD simple moving average (SMA)

◾ ◾Upper Band = SMA (from above Middle Band) + (SMAPERIOD standard deviation of price x STDV)

◾ ◾Lower Band = SMA (from above Middle Band) - (SMAPERIOD standard deviation of price x STDV)

Now you can look up your BB chart and see if the price reaches set values at all and adjust low BB accordingly. Then you will get a buy.

[sloaleks]

Man, sorry, but regarding the calculations, I know nothing. Maybe they are just placeholders? I really don't know.