I'm scared as hell, but here we go...
My first steps in trading :s
I installed C.A.T. after the great 10x end-of-year promotion, giving it for 0.5BTC instead the 1 BTC (or 0.8BTC with referral - I should ask mine:)
First Tab, markets looks as promissed. My screenshot here:
All in all, just as promissed. But I have no idea what to do now... : )
Some questions or thoughts that pop up while reading the manual (
https://bitcointalk.org/index.php?topic=329168.msg3531170#msg3531170)
* "It's where you create your Ping Pong Algorithm"Ok, C.A.T. is al into sports and Ping Pong. Great! Is Ping Pong some secret formula? Is it proprietary or open to modification? I dunno. Let's read on.
* "Actions you can perform" (on the Ping Pong Process)Start, stop. I'm left wondering... Will this tool keep trading (what I think), or should I once in a while check the markets and let me be guided with C.A.T. for a round of buy/trade?
* "Status Label Meanings" (for the Ping Pong Process)Green means Ping Pong is sleeping. I suppose it once in a while will wake up, check things and execute them? So than indeed, C.A.T. is fully automatic trading by a (smart, I hope) bot / algorithm.
* The Ping Pong Process can be tuned with some parameters. The manual gives a lot of details: I will save them for later, but I'm pretty sure I'm having some blanks...
* "Run Algorithm For XX Minutes and then return all to primary/secondary currency"'after that amount of minutes C.A.T. will stop create Buy/Sell Ping Orders and will stop create PONG Orders of Buy/Sell Type (depending by your return currency chosen). All pending trades, buy pool and internal structure will remain frozen until user de-check this option.'
If this option is disabled by default, it makes sense. Else I'm confused again
* "GENERATE PING-PONG Algo With the first orders. Choose Type+Price+Quantity and press ADD PING ORDER (repeat for each order you want to create)"Hmmm... I don't understand this part.
I must check the GUI first for what actually happens here! Now I just understand it as creating multiple Ping Pong Processes, each with their own parameters set (and hopefully; wallets!).
Also see this:
https://bitcointalk.org/index.php?topic=329168.msg4272201#msg4272201 ...
A - Ping (USER INPUT) -> TRADE (Reference Price) -> Pong (At least % GAIN) -> GAIN -> TOTAL IN BUY/SELL POOL
B - BUY/SELL POOL (AUTO) -> Ping At Best Market Condition -> TRADE (Reference Price) -> Pong (At least % GAIN) -> GAIN -> TOTAL IN BUY/SELL POOL
and then loop restart fron B.
"
So... Still don't see if it's continuously running or a manual action each time. More later, no doubt. It's rather essential :>
So far, this was the manual. Up to
https://www.cryptsy.com/users/register?refid=102414 - where the action really happens. I hope
I'll <EDIT> more later! I need the price of BTC to go up just a little further to secure my investments and keep enough for trading with C.A.T.... With Christmas, everybody was checking out - now they are buying again!
Karma!
devnullius