Awesome info. Thanks so much! I'm brand new to all of this and you've helped piece some of this together for me.
Does your random timing affect profitability?
Random timing is to aid with 422 errors on Poloniex, it is to stagger the delays between pairs so that they don't clash their API calls...
For Bittrex however, where 422 problems don't occur, I use 3 second delays, and they are not randomly generated. I also run 5 minute candles and the appropriate parameter changes. I am yet to test if this works better than the previous settings due to the recent bearish reversal trends, for which I am compensating for with increased SG buy levels, however I will keep people updated with my results.
When you say appropriate parameter changes, could you be more specific like what sma/ema1/ema2 is appropriate for 5 min candles?
Hey,
So I made some of my own calculations here, as you perhaps already know, in order to view EMAs on the polo GUI graphs as your bot does, you will want to choose values for EMA 1 and 2 as 8 and 16 respectively, and then view for 15 min candles. This is because 0.02 and 0.04 are 2 and 4 hours, and so there are 8 and 16 15-min candle sticks during this time period... For 5 minutes there are therefore 24 & 48. However, this will give you different EMA lines. In order to retain the identical EMAs for 5-min candles as 15-min candles, my calculations are to divide your 0.02 and 0.04 by 3, giving you 0.00666 and 0.01333... And then to represent this graphically on Polo, you will want to view the graph with 5-min candles and with EMA 1 and 2 as 7.9 and 15.9 respectively.
Let me know if this helps you!
Also, perhaps somebody could confirm, or correct me if there is a discrepancy here.
For 5 minute candles on Bittrex I basically run a 3 second timing delay, similar to the Guy Fawkes Polo proxy setup, in regards to latest prices and trends, etc. Although there were no values provided for EMA values, so I use 0.00666 and 0.01333... And they seem to correspond on the graph nicely. You can of course increase or decrease these and now that you know the formulas, you will be able to find something suitable to your trading style.
Thanks!