Crypto Mining Blog

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…

Now 3 days of testing the automated trading bot Butterbot have passed and in the last 24 hours the bot has done another trade, selling our 0.030 BTC in the BTC-e exchange when the exchange rate BTC/USD started to drop down. As a result our BTC-e account currently holds 25.2104 USD and the bot is waiting for signs for rise in the exchange rate, so that it can purchase BTC again. At this point in time, after the bot making two trades on the BTC-e exchange automatically we can calculate that we have made a few cents profit with the current exchange rate. Meanwhile we have already started to get a hand of the settings and are trying to get better results than with the recommended startup settings we’ve got.

We have also decided to extend the testing on the MtGox exchange as well, so we’ve sent 0.04 BTC in our account there and set the recommended startup trading settings for that exchange to see how things will progress there. So far the bot has not yet executed a single trade on the MtGox exchange. But we are going to see how things will progress on that BTC exchange as well, so stay tuned for more reports on our testing of the Butterbot automated Bitcoin trading bot.

– 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…