Now about those candles…

The bad thing was, I couldn’t teach Zenbot my method, due to limitations of its slow, candle-based design, and my inability to find an algorithm to sum up what I intuitively used to trade. The default trend_ema strategy for Zenbot 4 was hacked together quickly before I really knew what I was doing, and the sar strat was marginally better but I never came up with a real winner. Usually by the time a candle rolled around, and a signal could be generated, the market had moved on and trade opportunity missed. This is the classic problem with technical analysis — always being late to the party. Trading with “sloppy seconds” doesn’t usually end well.

Although I made decent early profits, no matter how many simulations and tweaks I ran, I often had major losses, and Zenbot never performed well enough for me to run it without worrying about losses. That’s just my experience though, other people may well have had great experiences. Zenbot is pretty good, but its algorithmic approach ended up being clunky and not that attractive to me.

So, I stopped using Zenbot for algorithmic trade signals after a couple months. Afterward I used it only to track my coin’s change %, balance, and profit (using manual mode). Mostly I calculated everything in my head, and executed orders directly through the exchange’s website. That’s why I haven’t updated Zenbot in so, so long, since it was feature-complete as a tracking tool at the start, and the only thing I needed was manual mode.