Crypto Mining Blog

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…

The second day of our testing of the automated Bitcoin trading bot Butterbot is now over and while in the last 24 hours there was a bit more movement on the BTC-e exchange that we are testing the bot on, still Butterbot hasn’t executed even a single trade. Our balance remains the same as yesterday, 0.030 BTC + 1.48 USD. Hopefully we are going to see more happening in the next day and the bot might actually do some trades and generate a profit, so stay tuned for our next report in 24 hours after another day passes.

– To read more about the Butterbot automated BTC trading bot and our day 1 experience…