btsbots wallet release v0.0.1

[alt]

@oldman
why don't you change the sell price more higher?
there are not much sell orders except yours.

you should remove all these high risk asset from the bots configure

[yvv]

@oldman

Just to be clear: neither me, nor anybody else here can give you any financial advises. All we can provide is technical guide for using trading bot based on our experience. You should realize that trading is gambling. Unlike casino gambling, you have a little higher chance to win than to lose if you trade the right way, but still you trade at your own risk. Every trading guide made by professional traders out there starts with the warning: never invest more than you can afford to lose.

[ebit]

The Bitshares water is getting deeper and deeper,if you are a fish,please careful.

[ebit]

 

Instead of buying and selling, the bot appears to have bought (and not sold!) a huge amount of COMPUCEEDS. Why? Why are all the other bots buying and selling, and my bot bought up all the COMPUCEEDS?

Because others are selling at better price than you offer. Check the order book. The way around this is to adjust the spread. To sell more and to buy less, you need to increase buy spread and decrease sell spread, like 10% for buy and 0% for sell (these number are just for example, you need to come up with your own).

Why didn't my bot buy up SILVER, OPEN.BTS, USD etc?

Again, because others are buying at better price than you. During last 24 hours my bot bought and sold over 1 OPEN.BTC for me. Adjust your spread based on current orders and trends.

And of course, you need to be extremely careful when trading such shitty tokens like compuseeds, and never invest into trading more than you can lose without much damage to your budget.

[yvv]

I think is someone found your robot's trading strategy ,and create a sniper strategy to obtain your bts.

Everything is much simpler than this. Some guy created billions of worthless tokens out of his ass and dumped them on the market.
 

[ebit]

I think is someone found your robot's trading strategy ,and create a sniper strategy to obtain your bts.

[yvv]

I also can't see anything I did wrong

Really?

same settings for all trading pairs.

This is VERY wrong.

[yvv]

Instead of buying and selling, the bot appears to have bought (and not sold!) a huge amount of COMPUCEEDS. Why? Why are all the other bots buying and selling, and my bot bought up all the COMPUCEEDS?

Because others are selling at better price than you offer. Check the order book. The way around this is to adjust the spread. To sell more and to buy less, you need to increase buy spread and decrease sell spread, like 10% for buy and 0% for sell (these number are just for example, you need to come up with your own).

Why didn't my bot buy up SILVER, OPEN.BTS, USD etc?

Again, because others are buying at better price than you. During last 24 hours my bot bought and sold over 1 OPEN.BTC for me. Adjust your spread based on current orders and trends.

And of course, you need to be extremely careful when trading such shitty tokens like compuseeds, and never invest into trading more than you can lose without much damage to your budget.

[oldman]

Ok, now I'm really confused. Sell order on btsbots site does nothing - does not create an order and I can't seem to sell any COMPUCEEDS manually.

Setting the bot per my previous post with 30 spread and smaller orders of 300-600 CNY does nothing.

Now I just tried to use the DEX to sell the COMPUCEEDS and guess what? Can't sell. Price of COMPUCEEDS just shows up as 0.000000, apparently unit price is below the DEX precision. This whole situation is seeming really, really fishy. The bot seems to have just allowed the COMPUCEEDS issuer to dump a shitload of worthless tokens at my expense.

What the hell is going on? I need an answer as to why a market making bot purchased more than 5 BILLION COMPUCEEDS and didn't do any actual market making.

Did I get scammed somehow?

[oldman]

Why choice so much.please only choice:
USD/BTS
PEERPLAYS/BTS
CNY/BTS

I started running the bot with just USD and CNY, but I really wanted to help with liquidity in the less liquid markets. So once I was comfortable with the USD/CNY pairs I fired up the other markets and let it run for a while. No good deed goes unpunished.

I just don't understand why the bot largely ignored every other market and bought up billions of compuceeds. It makes no sense, I feel like I've been scammed somehow. I see lots of bots trading in the compuceed market and they don't seem to be acquiring huge balances. I also can't see anything I did wrong, same settings for all trading pairs.

[ebit]

Why choice so much.please only choice:
USD/BTS
PEERPLAYS/BTS
CNY/BTS

[oldman]

some asset like COMPUCEEDS is very danger for trader
the issuer of COMPUCEEDS dumped maybe 5 billions  COMPUCEEDS these two days. and the price changed from 0.00013 to 0.00008.

to reduce your lose, I have two suggestion:
1. set a balance limit for the asset lack of liquidity. or asset with high risk
2. set a local price for these assets. for COMPUCEEDS, you can try to set the price to 0.0001 BTS
3. increase the spread of these assets. from the order book of COMPUCEEDS/BTS. there are not many sell order in the price lower than 0.0002. you can try to sell the spread to 30 or more.
4. reduce the order's balance for sell COMPUCEEDS. maybe between 300 CNY to 900 CNY. a big sell order will scared the traders for selling.

Hi alt - thanks for responding so quickly!

Could you please tell me how to do steps (1) and (2)? I can increase spread and change the order balance but don't see any way to set balance limits or limit prices.

Could you also please provide direction on how to sell the COMPUCEEDS instead of just market making?

Here is what I have set for the https://btsbots.com/m/COMPUCEEDS_BTS pair:



This doesn't seem to do anything, whether I use the bot or enter a simpe sell order like this:



I apparently hold 5699158394.8463 COMPUCEEDS but only have a 'usable balance' of 0.0001 COMPUCEEDS. How is this possible? I don't seem to be able to sell any of the assets the bot acquired.

More disturbingly my account balance keeps dropping steadily even without trading, have lost another 300 CNY in the past 4 hours for no apparent reason. I need to get this fixed asap, help much appreciated.

[oldman]

I'm not in this to make a bunch of profit, and would be happy to help with liquidity for no profit, but I think I've just experienced a >20% loss in a couple days!

This can easily happen if the asset which you bought lost in value. When trading, use your brain. The bot can't think for you.

I've followed your tutorial in setting this up! Here is the order entry:



I did the exact same thing for all asset pairs: set spread to 2% and order balance to 23,000 CNY in both buy and sell. My understanding was that the bot would buy and sell any time it could book the spread.

Instead of buying and selling, the bot appears to have bought (and not sold!) a huge amount of COMPUCEEDS. Why? Why are all the other bots buying and selling, and my bot bought up all the COMPUCEEDS? Why didn't my bot buy up SILVER, OPEN.BTS, USD etc?

Your language is not all helpful in this situation! I am very much using my brain and did not 'buy' billions of worthless tokes... the bot bought billions of worthless tokens following your directions. The whole point of a market making bot is not to take huge positions in single asset! I appear to have just lost thousands of dollars!

I need help to get my 750k BTS out of this mess and trading properly so I can hopefully recover some these losses. Can you please use some of your knowledge and experience with the trading bot to provide direction?

My trade balance is now at - 7107.85 CNY in just two days! No matter what I do, the balance just keeps getting more negative. Obviously I am doing something wrong but I don't see what or how. Enter spread and amount on buy and sell orders, click enable bot. It's not rocket science but it has cost me more than $1000 USD in the past 48 hrs. That is insane!  I need help, not smug remarks about using my brain.

[yvv]

I'm not in this to make a bunch of profit, and would be happy to help with liquidity for no profit, but I think I've just experienced a >20% loss in a couple days!

This can easily happen if the asset which you bought lost in value. When trading, use your brain. The bot can't think for you.

[alt]

some asset like COMPUCEEDS is very danger for trader
the issuer of COMPUCEEDS dumped maybe 5 billions  COMPUCEEDS these two days. and the price changed from 0.00013 to 0.00008.

to reduce your lose, I have two suggestion:
1. set a balance limit for the asset lack of liquidity. or asset with high risk
2. set a local price for these assets. for COMPUCEEDS, you can try to set the price to 0.0001 BTS
3. increase the spread of these assets. from the order book of COMPUCEEDS/BTS. there are not many sell order in the price lower than 0.0002. you can try to sell the spread to 30 or more.
4. reduce the order's balance for sell COMPUCEEDS. maybe between 300 CNY to 900 CNY. a big sell order will scared the traders for selling.