Testing Butterbot, an Automated Bitcoin Trading Bot (day 6)

6 Feb
2014

butterbot-btce-day-6

The 6th day of our Butterbot automated Bitcoin trading bot testing has passed and it is time to see what has happened in the last 24 hours. On the BTC-e exchange we got a new trade, as a result we now have 24.77 USD balance so we are a bit short of the initial 25 USD that we started testing with. We’ve had a bit more in a previous trade, so we were actually making some profit, but at the moment we are at a short loss. Again not very active in trading, and this is what you should expect from this automated trading bot with the recommended or slightly optimized settings, though you might be able to make the bot trade faster with higher risk.

butterbot-mtgox-day-4

The fourth day of testing Butterbot on the MtGox exchange produced no trades at all and our balance is still 37.37 USD, but the general trend on the exchange was down, so maybe tomorrow we are going to see some trades. Don’t forget that the current market state and the trades at the exchange are very important to how an automated bot may react and execute trades or not. We have one more day left of our trial period for testing the Butterbot automated Bitcoin trading bot, before making the final conclusion if we are going to purchase and continue to use it or not. So far we are not too happy with the results we are getting and we are already looking for other alternatives to try out next, but let us finish with the Butterbot testing first.

To read more about the Butterbot automated BTC trading bot and our day 1 experience…
To read more about the Butterbot automated BTC trading bot and our day 2 experience…
To read more about the Butterbot automated BTC trading bot and our day 3 experience…
To read more about the Butterbot automated BTC trading bot and our day 4 experience…
To read more about the Butterbot automated BTC trading bot and our day 5 experience…



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