Showing posts with label litecoin. Show all posts
Showing posts with label litecoin. Show all posts
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Litecoin Listed on BTC China

BTC China just went live with Litecoin on their exchange.  The announcement caused quite a stir on BTC-e with LTC spiking as high as $21.95 after hovering in the mid to low $14's for most of the day.

The spike came around 1:00 a.m. Pacific, another proof positive that insomnia pays when it comes to crypto!

After what seams like years of fruitlessly waiting for the ever rumored LTC listing on M.T. Gox, it is good to see LTC make in onto a well run, high liquidity exchange like BTC China.  Maybe we will see the Chinese move back into LTC aggressively, the last time they did prices soared to as high as $48 and change at the peak.

With the PR beating crypto has taken over the past week or so, its good to see such a positive step.


They posted the following message on their website along with the banner above.

Dear Customers,
We are very excited to introduce BTC China’s new member – Litecoin!
Bitcoin grew tremendously in 2013, while another virtual currency has also made considerable progress – Litecoin. It gradually gained recognition from the Bitcoin enthusiasts. By popular request, we have now added Litecoin trading to BTC China's trading platform.
In addition, Litecoin trading will have 0% trading commission!As a responsible trading platform and a Bitcoin industry leader, BTC China is committed to providing a safe and secure platform. We always focus on the safety of customer’s funds.
We will strive to continue to offer the best service to our customers, so we appreciate any suggestions, comments and feedback.
Thank you for your support, and we wish you a happy and prosperous Year of the Horse!
BTC China TeamMarch 4, 2014

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Multipool Wins Against LTC Solo, on to Round 2 vs. DOGE

We have concluded our test of Multipool.us vs. Coinotron LTC, and I must say it wasn't even close. Multipool.us out performed Coinotron single pool mining LTC by a wide margin.

Multipool.us will now face-off with DOGE coin solo by popular demand.


Below is the overview of Multipool.us vs. Coinotron LTC:

Week 1


Friday, January 24, 2014

Single Pool mining LTC: 0.0531086748176898 BTC
Multi Pool Mining: 0.09709125 BTC

Week 2

There was a delay in posting this weeks data, results are calculated on the 4th.
Tuesday, February 4, 2014

Single Pool mining LTC: 0.12048 BTC
Multi Pool Mining: 0.16155933 BTC

Week 3


Friday, February 7, 2014

Single Pool mining LTC: 0.061 BTC
Multi Pool Mining: 0.090473 BTC

Week 4


Friday, February 14, 2014

Single Pool mining LTC: 0.05276 BTC
Multi Pool Mining: 0.0969843 BTC

Total


This brings our totals to:

Multipool.us: 0.44610788
Coinotron LTC: 0.28734867481769

This is an amazing victory for multipool.us. This test was ran for a full 4 weeks with 2 identical rigs on the same network. There was a 2 hour downtime on our network and both rigs where affected equally.

Our next test will be Multipool.us vs. DOGE solo mining. This test will start Monday, February 17th, the first results will be posted Monday, February 24th and each Monday after that for 4 weeks.  

Will the champion hold onto the title? Comment Below.

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Litecoin Mining and your Internet Connection

It was pretty exciting days when I was able to get my first rig up and running, a lot of reading, tinkering, and unfortunately some smoke, but once the smoke cleared there were all these numbers, everywhere!

Learning what they all meant, how they impacted your mining rig, and then optimizing can be little overwhelming and ultimately time consuming.  Now there may some closet case ADD individuals out there that just like to look at the pretty numbers all day, but generally I would guess you built your mining rig to make a extra dollar or two and your in good company. 

There is a common thread across all mining platforms, and that is the Internet.

No matter how small or large your investment, without the internet that bad ass, redneck, finely tuned, highly planned, self-contained, rack mounted, pre-ordered, multi core, server farm is going to generate the same amount of coins my smoking unit did.  Nada!

Being cost conscience is definitely a important consideration and in building my first rig, I didn't go all out and that included my internet connection.  When I went to scoop my mining rig parts at the local electronics store, I saw they had a sale on a name brand wireless dongle.  $9.99 (SCORE!)  I mean really, all that is needed is a internet connection and a low speed one at that so this 50 Mbs device should be the just the ticket.

As I have mentioned before it took me days to get my first rig running.  Issues, in-experience, and smoke filled these days, but the day arrived when my rig was up and made it through the night.   Now I had to figure out all these numbers.  One that caught my eye was on the Pool DashBoard. Hmmm, , 92% efficiency while the Pool itself was over 99%.  Further investigation revealed that I was probably pushing my cards a little much as they were running a little warm.  So I backed them down a bit and achieved 96% efficiency, while cooling down my cards a little.  Better, but clearly I was missing something.  I messed around for a few more days to no avail, till one morning I checked in and my efficiency had dropped to 85%, and a few hours later 50%.  Crap!  Now what.  It took me a while, but was finally able to get over my denial that wireless is awesome and never breaks.  Ran to another local store and scooped another name brand (more expensive) dongle.  Well that fixed the problem, but still I was sitting at 96% efficiency.   One more thing to try, I ran a long Cat 5 cable from my cable modem and plugged it directly into my rig.  My efficiency began to climb and for the last 60 days that rig has been running at 99.5% or better efficiency.

So, what did I learn from this?

Just because you have a great WiFi signal, pass all your speed tests and can cruise the internet doesn't mean you have a connection suitable for your mining rig.   You only need a minimum of bandwidth, but it must be stable.

And remember that super awesome SCORE?  By electing to purchase a cheap item made with cheap parts I introduced a weak link into my system and I paid for it with days of trouble shooting, the purchase of another dongle and ultimately doing what I should have done in the first place.  Hard-wire that connection.
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Are you a COINHUNTR?

Once I was able to get my first rig running I had to figure out what pool I would like to join.  Boy what choice and the list of Pools was long.  I tried one recommendation, but they were not accepting new miners as they had run out of bandwidth and were just trying to maintain their current miners until a unidentified future time when they would increase their bandwidth.  I tried a couple others, large and small with mixed results.  Obviously I was able to mine on any of them, but some were difficult to get around in, information was thin at best, and one had very annoying pop up ads.

There are definitely many well run pools out there, and certainly some that have some work to do, but what makes a pool good?  Is it fees or lack thereof, efficiency,  size, protection, or something else?  Well, I was about to find out as it was time to hunt down a good spot to plant some rigs that I was comfortable with.  I thought about multi-pools as reviewed in this link http://www.cryptopros.com/2014/01/multipoolus-best-practices-for-auto.html , but I was interested in mining Litecoin, so I decided to focus on sites that were dedicated to my interest.  I tried to be diligent in my search but with so many choices my methods became less sophisticated.   By chance I came across COINHUNTR.COM  in a long list of Pools, the name just caught my eye, so I investigated. 

I did a brief review of the site, seemed ok, fees were listed, they were not a huge pool, but big enough in my mind to do some block damage so what the heck lets give it a shot.

After getting through registration and hooking up a rig I perused the site.  The information was similar to other sites, was easy to get around in, and they found a block within 10 minutes of joining, and another a hour later!  Excellent, what else can you ask for!

Well, I was about to find out through experience.

Efficiency -  yup, its there usually well over 99%, I think I saw it dip to 98% only a couple times since joining.   This is achieved through Geo Stratum servers set up with SmartDiff and located throughout the USA, Europe and Asia. This achieves a very low latency and the enterprise level hardware with load sharing and back ups to the backups ensure your rigs are doing their thing 24/7.   Higher efficiency = MoAr Blocks

Fees - Yup they have those to.  1% pool fee, a optional 1% donation to the site, and they only charge the network fee of .001% to transfer.  I have seen some sites with higher and some lower, but I have not removed my 1% donation as I feel you get what you pay for and with the headaches I have had getting going, having to not worry about a pools uptime and future existence is a big plus for me.

What else, yes, the site is intuitive, well laid out, protected from DDOS attacks, easily accessible and usable from any device and big enough to churn out some serious blocks.  This is definitely not average, but we hit the motherlode of blocks just yesterday.  13 blocks in just over 12 hours, alot of high-fiving going on the IRC channel over that period, which leads me to another important consideration. Service and community. 

If you happen to go over to CoinHuntr.com be sure to check out the IRC channel and catch up with LiteSaber and WarHawk24.  They run a very tight ship, and most importantly are available.  They handle issues, concerns, problems, questions, scammers, and trolls with equal exuberance. 

The IRC channel is quite active and a helping hand can usually be found for those stubborn rig problems or optimizing to achieve higher outputs.  I think what is most interesting is the diversity of rigs, people and of course the subjects that come up.  There are a handful of CPU miners, and a large spread from a few GPUs to what I can only imagine to be hundreds of GPUs.  Each unique, active, and supportive whether 5 Khs or 100,000 Mhs.  Concerning the subjects that come up lets just say it covers everything you can imagine from rigs, politics, whiskey and of course how to convince your significant other to let you add another GPU or rig to your already overcrowded and overheated den. 

I started with CoinHuntr when they were about 600 Mhs and since they have grown to just shy of 1.2 Ghs with no issues or detriment to service  Their goal is to be the best LiteCoin Pool in the world, and I think they are pretty darn close to that goal.  If you are looking for a rock solid LiteCoin mining pool that is dedicated to security, performance, and has a strong focus on community and helping others check it out, and give us a shout.
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Storing Bitcoin & Litecoin Offline - Or A Paper Wallet How To

If you have ever Googled Bitcoin you have probably seen images such as these pop up:

source: bitaddress.org
source: evilwallet.wordpress.com
source: bitcoinpaperwallet.com
These are examples of what are called paper wallets.  A wallet in the cryptocurrency sense is the pairing of a public payment address and a private key.  Wallets can be hosted online such as at exchanges like Crypsy or Coinbase or CEX.IO, hosted on your computer (Bitcoin wallets available here, Litecoin wallet available here), or as in this case, printed on paper.

The two key components of a paper wallet (or any wallet for that matter):

  • Public Payment Address:  This is where anyone sending you coin would address the payment to, and is often refereed to as your Bitcoin or Litecoin address.  These addresses are NOT a secret, and you should not be concerned about sharing them.  A Bitcoin address is a sting of 27 to 34 alphanumeric characters starting in either a 1 or a 3, and looks like this 171w5mkp3Z4vrAGwDTof5RYcn65PnbJdC3.  The address is often shown as a QR code.  Liteoin addresses look very similar, also often are shown as QR codes, are 33 characters long and start with a L.
  • Private Key: The private key is literally the keys to your coins, if someone was to obtain it, they could withdraw the funds currently in the wallet, and any funds that might be deposited in that wallet in the future. PROTECT YOUR PRIVATE KEYS!!!! For paper wallets, the key is typically in the Wallet Import Format (WIF).  WIF keys are quite short at 51 characters, mainly to make them easier to enter into electronic wallets when you transfer, also known as sweeping, the funds from the paper wallet to the electronic.  These keys can also be shown as QR codes.  Important Note: The private keys of paper wallets should NEVER be saved to a computer hard drive, online cloud service or email. 
So understanding this, it should become clear that a paper wallet really is nothing more than two paired strings of characters, the address and the private key.  The pictured examples above are admittedly pretty cool looking, especially if you're a Dr. Evil fan, but they are really just window dressing. 
As an example, this paper wallet:
Is exactly the same as this paper wallet:
Which is exactly the same as this paper wallet:
All three of these have the same Bitcoin address and the same private key, all three are just as valid and functional, save the convenience the first two offer via the QR code.  

Before we get to the how, lets go over the why.

There are many reasons to create and fund a paper wallet, here are a few:
  • Security, security, security.  Holding coin in a paper wallet safeguards the coin form cyber attacks (if you create it securely, more on this in a bit) by removing your coin from all forms of electronic storage.  Just remember, if it is connected to the internet, it is vulnerable...period.
  • Protection from corrupted or faulty hard drives or operating systems, i.e. your 98th reinstall of ubuntu just went belly up...again. No worries, your coin is safe and sound.
  • Protection from a lost phone.  Only have a wallet on your phone, ever lose your phone?  Yeah me too...
  • They make a great gift!  Don't scoff, this is where some of those fancy smancy wallets pictured above come in handy. You can print one out and fund it to whatever value you like for a unique an interesting gift.  It is also a great way to get someone into cryptocurrency.
  • Longterm storage of coin.  Not going to be trading or spending it anytime soon?  Then why keep a large balance online where it is vulnerable.  Put it in cold storage and sleep soundly.
  • It becomes real!  Okay you can scoff at this one a bit, but some people prefer the tangible to the cyber, and having printed coin in the form of a paper wallet brings them comfort and peace of mind, to each their own.
  • Did I mention security, security, security?  

So now for the how.


I should start by stating you can never be too security cautious when it comes to your cryptocurrency wallets, be they electronic or paper.  You need to take every step possible to protect your holdings, which in this case amounts to protecting your private key(s).  That said, what "every step possible" is to one person may be worlds apart from what it is to another.  This is where you need to find your own comfort level, I personally fall somewhere in the rather cautious and diligent realm.  Which is to say I am a long way away from sweeping for bugs and wearing tinfoil hats, but I do take steps others might find excessive.  Of course if my portfolio was to grow to a staggering amount, I'm pretty sure I could make a tinfoil hat look damn good.


The short version (i.e. don't do JUST this):

  • Go to one of several free websites and create a wallet pair of address & key
  • Print it out
  • Send funds to the address
  • Store paper wallet someplace safe

Lets flesh these steps out a bit.

Create an address & private key pair.
There are two main ways this can be done, using an online tool to create the wallet, or using a utility program such as the Bitcoin Address Utility which you can find here or the Litecoinaddress client here. For our purposes lets focus on the online tools available at websites such as these.
     Bitcoin:
Any one of these options can quickly and easily produce a wallet for you, but you need to give some serious thought to how to safely use them.  If your computer is online when you use them, you are vulnerable.  So it is HIGHLY suggested that at a minimum you:
  1. Go to one of the sites listed above and let it load
  2. Then take the computer offline completely (LAN, Wifi, Bluetooth, AirPlay, etc.)
  3. Now follow the directions to generate the wallet(s).  This is normally done by erratically moving the mouse around to drive a random generator which will produce the private key(s)
  4. Print the wallet(s)
  5. Clear out all your cache, including the printers if it has memory
  6. Log back on to the net
  7. Transfer coins to the wallet(s)
  8. Verify the funds are there
  9. Securely store the paper wallet(s)

That is the minimum suggestion and maybe you feel that is good enough for you.  Maybe you have good karma, or you're not storing that much coin so really whats all the fuss, or maybe you are blissfuly ignorant and like it that way.  It is your money so whatever floats your boat.

For the rest of us who prefer a more secure means of offline wallet creation, the process follows the fundamental steps listed above with one BIG difference.  Do all the above, except going online, from a dedicated, clean, never been connected to the internet operating system!  The easiest way I have found to do this is by utilizing live-boot Linux run from a USB flash drive, though I know others who prefer a new clean install of an OS running in a virtual machine. By using a live-boot Linux when you reboot your computer, all cache files are deleted from memory and no jobs are ever written to disk. If you are unfamiliar with running Linux from a USB flash drive, give this post a quick read.

Besides creating an instance of Linux or some other operating system, you will also need to obtain the the code to create the wallet (normally HTML/JavaScript).  Each of the sites listed above have a GitHub repository listed on their pages. Download the one you like and transfer it to your offline machine via a flash drive.  Extra tinfoil credit points for scanning it first.

I have the wallet(s), now what?

Lets assume you are looking at the wallet, or wallets on your screen. You can, and probably should, create several wallets at one time, this is advantageous for two main reasons.  First, I firmly believe it is better to have ten wallets with 10BTC in each, than to have one wallet with 100BTC in it.  By spreading the coin out over multiple wallets you decrease your chance of unrecoverable loss should the paper wallet get destroyed or stollen. The second reason deals with the how transactions within the protocol, the subject of change, and using paper wallets, we will go into that a bit later.



The next thing you will need to do it print the wallets. Give some thought to how you are going to do this. A paper wallet functions like cash in that if you lose it, or it gets destroyed, the coin it holds is gone for ever.  With that in mind, I opt to print my paper wallets with a laser printer on thick coated paper as laser prints stand up to moisture far better than inkjet prints.

Tip: Print more than one copy of each wallet and store them in different locations as a safeguard against loss due to unforeseen circumstances. 

Once printed, it is time to transfer funds to the wallets.  I assume you are familiar with how to transfer coin to an address so I will not go into detail here.  Suffice it to say, transferring coin to a paper wallet is no different than transferring between electronic wallets.  

I do strongly suggest you verify that the coin transferred fully.  You can do this by entering in the paper wallet's address into one of several websites that search the blockchains.

The nature of how Bitcoin and Litecoin's blockchains work make it feasible to search all deposit, withdraw and balance information for any given address.  Though this is a very useful tool, being a big fan of privacy, I also consider this another good reason to have multiple wallets and have your holdings dispersed among them.  

For Bitcoin I suggest using blockchain.info, for Litecoin I suggest using ltc.block-explorer.com or ltc.blockr.io



Once you have verified the funds are in the wallets, it is time to store them someplace safe and protected from moisture, rodents, your mother-in-law, the kids, and any other destructive forces.  I keep mine locked away in multiple locations to mitigate against loss due to fire or theft.  It is also a good idea to fold them in such a way, or otherwise obscure them, so that the payment address and the private key are not visible at the same time without intending them to be so.  In todays world of camera phones and social media, more than a few paper wallets have unwittingly ended up pictured online and subsequently and quickly fleeced. 

There are several companies that sell specialty items such as holographic tape, QR code cover stickers and other clever and good looking supplies to help you both secure and customize your paper wallets.

Important difference to understand - Change

There is a very important difference you need to understand when it comes to using a paper wallet as compared to just using a computer based wallet such as Bitcoin-QT.

When you initiate a transaction that does not account for the total balance of a wallet, say you send a buddy 1BTC out of a total of 10BTC in your Bitcoin-QT. client, the client utilizes a "change" address. This "change" address in our scenario would receive the remaining 9BTC from the original 10BTC. This all happens behind the scene and you never see this address, and your Bitcoin-QT wallet will still show that it has a balance of 9BTC.  

The difference you need to understand with paper wallets is if we take the same scenario from above and add a paper wallet to the mix, when you import or sweep your private key to your Bitcoin-QT client and then send your buddy the 1BTC, the paper wallet will not end up with a balance of 9BTC, it will in fact have a 0BTC balance as the remaining 9BTC will move to a change account.  You could move it back, but you will have exposed your paper wallet's private key to an internet connected computer when you swept it, so transferring the 9BTC back to the original paper wallet is a security risk.  The better option is to move it to an entirely new paper wallet.  See I told you I would give you another reason to create more than one wallet at a time :-)

If you want to understand the concept of "change" more clearly as it pertains to Bitcoin and other cryptocurrencies, read this article.

Sweeping your paper wallet into Bitcoin-QT or Litecoin-QT

So the time has come to bring your coin out of cold storage.  There are of course many wallets/clients out there, I use Bitcoin-QT and Litecoin-QT so I will speak to those.  If you have experience with other wallets you are willing to share, please post in the comments section bellow.


To sweep the coin from your paper wallet into Bitcoin-QT or Litecoin-QT:

  1. Run Bitcoin-QT or Litecoin-QT
  2. Select Help (to the right of Settings)
  3. Select Debug Window
  4. Select Console
  5. Next to the > input box type importprivkey <bitcoinprivkey>
Example: importprivkey 5Kjp97fafTzBQTUgfeJCzSwr21tWhtHT7B1PF6WK9hhVic7NWUH
I hope this posting was helpful and you consider utilizing paper wallets to safeguard your coins and share the opportunity of cryptocurrency by using them for gifts.  
If you enjoyed the guide, please leave a comment and share the article with others.  It is easy to do, just click on the button below or on the side for your favorite social media. 
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libudev error

So I made it through my Linux install, loaded my AMD drivers, and the system can see all my GPUs! The moment of truth has arrived, cgminer is all setup, and I hit enter.......

"libudev.so.0: cannot open shared object file: no such file or directory"

Well what the heck is this we are supposed to mining now?  Reviewing some more guides there is no reference to this error.  I find a few individual posts about this error, and a guide that goes into great detail about how this occurred, how to fix it, and offers step by step instructions that take like forever.  DIDN'T WORK!

Hmmm, after more searching and a few discussions with some fellow miners I found that this issue did not exist until recently and that earlier versions of cgminer did not experience this, though information on which version of cgminer worked was unclear.  Being stubborn, I decided that I just needed to make 3.7.2 work.

After several trial and error sessions this is what worked for me.   It turns out some smart guy somewhere thought it was necessary to change a file name such that it no longer ended in 0, but ended in 1.   Now Chrome users and more importantly (to me) cgminer couldn't operate without some intervention.

First, there are some guides out there that say only install CURL and update associated packages if you get a error message after your driver install.  Well just do it regardless of if you get a error message or not.

Next, we have to associate the libudev.0 file to the libudev.1 file.  There are some one line commands out there that are supposed to do this, but not being a Linux expert I could never get these to work for me.

Get to your root directory, for me this was sudo -i, then:

ln -s /usr/local/lib/libjansson.so.4 /usr/lib/libjansson.so.4
ln -s /lib/x86_64-linux-gnu/libudev.so.0 /lib/x86_64-linux-gnu/libudev.so.1
ln -s /lib/x86_64-linux-gnu/libudev.so.0.13.0 /lib/x86_64-linux-gnu/libudev.so.1
exit

Now I still get a libudev error listing my GPUs, but they show up properly, cgminer is happy, and the system is stable and hashing away. 
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To mine, or not to mine, that is the question 2

Well we covered the "for fun, no risk" should I mine aspect previously, but what next?

Do I go past a couple cards, or couple rigs, or wait for ASIC or FPGA  releases?   . If we knew all that information along with where the coin prices were going it wouldn't be any fun now would it?

Since I have started Litecoin mining difficulty has risen substantially.   In large part to all the press given to cyrpto coins in general and also based on the fact that GPUs are relevant in scrypt mining.  At least at the moment.  GPUs allow us regular "Joes" to run down to our local electronics stores and put together a mining rig in short order.   To the point there was a real shortage of GPUs the last few months, but that seems to be stabilizing at the moment.

FPGA/ASIC technology I am told is so much easier to manage, and does reduce power consumption in a positive way, but recent releases have proven that scrypt mining is not as easy in a FPGA environment and the gains are no where near that experienced for Bitcoin.   These release have yet to beat GPUs in anything other than maybe maintenance.


Mining is really not about your profit today, it should be about your potential for tomorrow.  I personally do not want to be like the person in the first official Bitcoin transaction who purchased 2 pizzas for 10,000 Bitcoins.  This person probably had a million of them, but still, a little patience would have paid of f big.  I just wonder if the pizza guy had patience.

GPUs will remain relevant for the time being, so additional GPUs I will add.  In the mean time be careful of the technology releases that claim to good to be true performance, if it were real it would be great but in a prepay situation, you have little leverage if the development ends without success, or the delivery keeps pushing due to lack of funds.  

I am personally in this for the long haul and playing with money I plan to either loose or make a healthy profit from.   It all depends on the coin Gods!


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Simple Trade Bot Configuration.

Save 15% on the Simple Trade Bot by using the discount code "cryptopros"! Get your bot today.

The bot is available here: www.haasbot.com 

I have been getting a log of questions on how to configure the Simple Trade Bot to make it more profitable. One of the hardest thinks to wrap your head around when you are getting started with the trade bot is the indicators and how they work with the bot. The most common mistake is adding more that 3 indicators, this will make trades happen less often if not at all due to the fact each active indicator will have to trigger a buy/sell signal for the bot to execute a trade. When trading LTC/USD on BTC-e we use the RSI and Stochastic indicator at its default values, this will give you a good range of protection and still execute a good amount of trades. We have seen on average $20 a trade profit trading 200 LTC per trade with the settings bellow. 

Advanced Settings:

First you want to set up your "Advanced settings", this will add your drop loss protection, and a new feature as of v0.9.0.7 "Last buy and sell price reset (after sale)" see the image below:

 

In the "Drop-loss adjustment  (time-out)" we set the time out value to 300 seconds (5 min) and leave the percentage value at its default value of 95%. What this does is changes our drop-loss trigger every 5 minutes to avoid selling in a slow dip and protects your profits when the price rises.

We leave the "Last buy and sell price reset (time-out)" disabled at its default value of -1. This is no longer needed with the addition of "Last buy and sell price rest (after sale)".

We also leave the "Disable minimum raise/drop safety" unchecked, you can check if you like, on some trades you will see bigger gains but you will also on some trades see much bigger losses. With our testing we have found this function to be less profitable.

We check the "Last buy and sell price reset (after sale)", this is a great feature that will allow you more profit, simple put it will reset the last buy and sell price after a completed trade cycle. This comes in handy when the price is on the rise and your indicators sell, but the price keeps rising, with a buy signal the bot will buy and start a new cycle to capitalize on the gain.

Indicators:

As stated above we use the RSI and the Stochastic indicators at default values just click on "Add RSI indicator" and "Add Stochastic indicator*" and on the pop-up click save.



With the indicators added your technical indicator box should look like the image below:


After you have all you settings in place add the amount of funds you want to trade (this is done in LTC for this example) or you can click the "All-in" check box to trade 95% of your funds ( when starting out we do not suggest going all in ).

We like to wait about 20 min before checking the "Activate real trading" check box to allow the bot to gather some data, so wait 20 min and then activate trading. Once it is all set up monitor but don't change settings unless there is a mistake, just let the bot do its thing.

Results may vary, but we have had great success with this bot and continue to use it. If you have any question or comments please leave them below.

UPDATE:

Our friends over at Haas Online, the creator of the bot gave us a tip on how to increase profits.

you could improve your trade-momentum a lot by choosing a larger update interval. The above suggestion applies to 20seconds updates, but you should try 60seconds or more. It will give less trades, but the trades itself becomes more profitable because of the bigger price difference.
Stephan de Haas


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