Crypto Mining Blog

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.

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…

The 5th day of our Butterbot automated Bitcoin trading bot has passed and it is time to see what has happened in the last 24 hours. On the BTC-e exchange we got another trade, as a result we now have 0.03 BTC + 1.06 USD balance instead of just 25.2104 USD. It was again a slow day with nothing that significant happening on the market to give us some more trades.

This is the third day since we also started testing the Butterbot on the MtGox exchange,however in the last 24 hours the market activity on MtGox wasn’t anything special either, so no trades were executed by the bot and our balance remains at 37.37 USD. With these stable markets it is hard to make cash from trades, especially if you are not very aggressive and trade with a high risk and this is not something we want to do. We are up for another 24 hours before the next report, however so far we are not very pleased with the results we are getting from the trading bot, though that does not mean that the bot is not good. We are nearing to our final conclusion at the end of the 7 day trial and for already a few days of trading and us getting familiar with the automated trading bot, the settings and the trading options we are still not that happy with the actual trading that it does so far and we are already looking into other alternatives to try next.

– 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…

4 days have passes since we started testing the Butterbot automated Bitcoin trading bot and it is time to share what has happened in the last 24 hours. There were no trades on the BTC-e exchange, so we still remain with 25.2104 USD as balance in our account. The market seems to be moving towards a rise in the BTC price, but the bot has not yet acted on that, probably tomorrow we’ll see some more activity.

The second day testing the Butterbot ont he MtGox exchange has also passes and today we’ve had the first trade executed, the bot acted on the downtrending of the market and has sold the 0.04 BTC from the balance, so we ended up with 37.37 USD. As you can see the bot is not doing a lot of trades, it is playing safer with a lower profit as per still the more conservative settings we are using, though we are getting the hang of things and are already optimizing the EMA trading settings for both exchanges differently in order to get better results. Of course the market activity is also important and at the moment it seems there is nothing that much happening on the market and things are moving slowly. We are continuing to test the Butterbot during our trial period and will report how things progress.

– 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…