Are you making money with BOTS or Copy Trading? - page 2.

beerlover

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Quote from: Strongkored on October 25, 2021, 01:14:37 AM

Isn't copytrade only available in forex trading? Because I've done it before and it's in forex, maybe you will be able to get profit if you follow an expert (and I read lots of success) but unfortunately copytrade not suitable for. me

As these days, forex brokers are allowing us to trade cryptocurrencies, you can copy-trade cryptocurrencies in the platforms like etoro. I am not into any of forex platform anymore but I remember the subscription fee and profit rates are not good enough even for big capital.

Quote from: Strongkored on October 25, 2021, 01:14:37 AM

Bots do not guarantee that you will always get a profit, but unfortunately I often see on social media traders who use bots always say that because they use bots they become consistently profitable, how is that possible while bots are only tools to make our trading activities more automated, no guarantee of profit.

Do not get deceived by any internet strangers and when it comes about social media, infulencers will try to convince you regardless of their social status hence any form from internet cannot be a reliable source to believe on. If your close friend or colleague talk about trading bots positively then you may start considering that particular trading bots for your trading.

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Quote from: giselle180 on October 23, 2021, 07:59:42 AM

I changed the topic in: Are you making money with BOTS or Copy Trading?

Isn't copytrade only available in forex trading? Because I've done it before and it's in forex, maybe you will be able to get profit if you follow an expert (and I read lots of success) but unfortunately copytrade not suitable for. me
Bots do not guarantee that you will always get a profit, but unfortunately I often see on social media traders who use bots always say that because they use bots they become consistently profitable, how is that possible while bots are only tools to make our trading activities more automated, no guarantee of profit.

justdimin

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Quote from: SquallLeonhart on October 24, 2021, 07:53:35 AM

if bots would have helped me in profit making then probably I might have made millions and settled in Monte Carlo by this time but in reality still struggling for earning every fraction of bitcoin. Honestly I have recovered all the losses happened by bots through self trading. Like you have mentioned, I started using bots after hundreds of back tests but in real market it was failing for no reasons.

It is so true that bots do not guarantee profit, I know even owners who sell their bots who are not that rich. I know one guy who created a bot, and that guy not only uses his own bot, but also sold a lot, and I mean sold A LOT of his bot. Even he is not that rich. Sure he is richer than me, sure he has a few million dollars and that sounds like a lot of money. However if you had millions of dollars and a bot, I am sure you should be one of the richest people in the crypto world when you combine them both.

It means that he is not really selling a bot that is so profitable, if it was that profitable dude could have turned his 1-2 million dollars into 10-20 million dollars and not have like a house money like right now. With a great house, all of his money would be gone. That is why I believe that there is no bot that could make you rich over night.

Luzin

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Using a trading robot, never. Reasons for high prices, security reasons, manual trading still makes me profit.

Regarding copy trade, I have done it before but not now. In the past, copying trades from free signals made me often lose. Because the market moves faster than my hands.

So right now I'm purely using my analytical mind to trade.

michellee

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I do not make money with bots because I do not use bots for trading or use copy trading to trade. I prefer to trade manually by myself because that works for me now and I can manage the risk by myself. It is not easy to adjust the bot setting because you need to check the market occasionally and change the setting if the market moves differently from your setting. If you think you make money from the bots, you can continue to use the bots because you know how to set the bot to work as you want.

SquallLeonhart

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Quote from: adaseb on October 23, 2021, 09:43:42 PM

When you back test them it seems like you found the holy grail method. Even when you forward test them. However the minute you start trading with a real market you will realize that they don’t work as promised.

True; if bots would have helped me in profit making then probably I might have made millions and settled in Monte Carlo by this time but in reality still struggling for earning every fraction of bitcoin. Honestly I have recovered all the losses happened by bots through self trading. Like you have mentioned, I started using bots after hundreds of back tests but in real market it was failing for no reasons.

Quote from: martina14 on October 23, 2021, 11:40:34 PM

I've been here for a couple of years and yet never seen any of the community here in crypto space share a good testimony about the bot you are referring at here to your topic dude.

Even we had any good reviews of bots which were all most of the times from shills of those devs. Unfortunately paid reviews have made new traders to fall such craps.

Quote from: martina14 on October 23, 2021, 11:40:34 PM

using bots is not profitable or it can give profit but not the expectation you like to get.

At least some profits, even it is not up to our expectations would be good but I have experienced only losses with 10 out of 10 trades, not sure what went wrong.

TheEconomists

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Quote from: jossiel on October 23, 2021, 02:32:32 PM

Quote from: giselle180 on October 23, 2021, 07:59:42 AM

I changed the topic in: Are you making money with BOTS or Copy Trading?

I don't use it so whether I use it or not, there really are people that are making money with bots.

If actually there are people making money from using Bot what then are you waiting for since you are equally out there looking for money. The only people that are making money from Bot in my opinion are those selling the app and those who referrer bonus for introducing others. If you have not had the experience then don't encourage people into what you know nothing about for I was there before.

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Does hodling count? If not then no, though I did do copy trading way back when I started out. I was pretty ignorant back then so I decided to start with copy trading first then moved on to doing my own strategies in trading. I've also tried some bots but never really stuck to using them in the long run, they're a big help when doing many trades but that's about it, I had a hard time trying to integrate it with the way I trade in the end. Now I just hodl while trying to spread my portfolio.

TheEconomists

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I don't think trading with bot is a good idea if you really want to make profit from your trading capital or you try it if you want to lose your money as a result of you not being able to analyze the market and relying on Bot. I have tried making use of bot before now and in summary it is a Los Los Los.

martina14

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Quote from: giselle180 on October 21, 2021, 02:09:52 AM

Hello, I would like to know which are the best BOTS available right now on WEB interface or Android app
to trade cryptos and bitcoin with BOTS.

I'm using right now www.upbots.com and seem very good the idea, I pay just on performance without a subscription fee.

I would like to know which other website or apps you tested where:

1. You can select a bot easily looking to past performances
2. Do not pay a monthly fee but just a performance fee
3. If has an app on mobile better

Please can you list it and we keep updated the best apps? thank you

Bot is only for lazy people, and I don't trust it as well, I've been here for a couple of years and yet
never seen any of the community here in crypto space share a good testimony about the bot you are referring
at here to your topic dude. Meaning, using bots is not profitable or it can give profit but not the expectation
you like to get.

adaseb

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Trust me on this, don’t rely on trading bots.

When you back test them it seems like you found the holy grail method. Even when you forward test them. However the minute you start trading with a real market you will realize that they don’t work as promised.

The issue is mostly with liquidity and slippage which bots can never replicate. Another issue is that bots are generally only good in either trending or ranging markets not both.

So in May-Aug you would of had better success with a bot that trading ranging markets however it would of failed in Sept and vice versa. Avoid any of these bots, especially if you need to pay for them.

sana54210

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Quote from: giselle180 on October 21, 2021, 02:09:52 AM

1. You can select a bot easily looking to past performances
2. Do not pay a monthly fee but just a performance fee
3. If has an app on mobile better

Please can you list it and we keep updated the best apps?

You are contradicting yourself IMO. I mean you are already got a good bot and making profits as per your statements still you're looking for some other bots; why? Honestly if I am happier with some moneymaking thing and also it is working in auto mode, then definitely I will not waste time by looking for other similar things but I will spend all my time where I am already making decent money.

In my more than 10 years of trading career, I never opt for going for any auto bots; because all the reviews I have read are not at all suggesting to go for bots because as that many people's experience manually trading must be greatly profitable and also consistently; what else I need? I just do not want to mess up things in the name of bots.

jossiel

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Quote from: giselle180 on October 23, 2021, 07:59:42 AM

I changed the topic in: Are you making money with BOTS or Copy Trading?

I don't use it so whether I use it or not, there really are people that are making money with bots.

With copy trading, there could be handful people that earns from it. I do advise to make your own trades instead of copy trading. It's much better to experience.

Quote from: giselle180 on October 23, 2021, 07:59:42 AM

Shrimpy the best for it? or there are better of them?

Never heard of it so it will be impossible for me to have it the best if I've just heard it for the first time.

giselle180

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Hi Guys,

I changed the topic in: Are you making money with BOTS or Copy Trading?

May be it is better to know if you are making money or not just to discuss a list of websites.

BOTS let's say are automated and without a person or "portfolio managers" that have to stay without sleep all the day for you

Copy Trading is also interesting of course. Shrimpy the best for it? or there are better of them?

I took also a look to CoinRule and for the long term or when market is on bottom and supports is another strategy.

Also I want BOTS and make money on shorts, without leverage.

seleme

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There are tons of trading bots, you can check the Pionex exchange and start using trading bots on the integrated board of the market trade section. Pionex has been good and covered all my needs for automated trading strategies. Maybe you will be able to automate your trading strategy with few clicks there too. Just ask programmers to code any trading strategy in the required language and you are good to go. And there was one website that combined all trading bots and used a few popular exchanges as a source of liquidity, I forget the name but will do a small research to find it...

jaberwock

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Quote from: giselle180 on October 21, 2021, 07:19:45 PM

thank you keep posting

I can accept to pay of corse, like 3commas style, but I was curious to know if somebody was using upbots.com and if it is good bot.

i will give again a look to Shrimpy and look for Gunbot.

3commas is a bit difficult and confusing.

Shrimpy is not like the other ones. It is a bit different, it does trade for you if you want to, but not the same logic. I would say that it is more of a portfolio manager for you more than anything else. Obviously it is still auto trading, but not like many other bots. This doesn't make it any worse, I have used that too, it just makes it "different".

The goals of shrimpy and stuff like gunbot or others are a bit different so we can't compare them all together and say which one is better, it is comparing apples and oranges. I have used 3commas and I have to say that wasn't a good deal for me, but it is obvious that people could say that about every bot if they lost money so don't let me keep you from trying.

BitMaxz

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Never heard about upbot before it seems it was a 1-year-old trading bot except on the domain itself.

Why not just go to their announcement thread here https://bitcointalksearch.org/topic/ann-upbots-all-in-one-trading-solution-for-beginners-and-experts-5236783

They don't even have any supporters and reviews compared on what I mentioned above.
So if you want to be safe then I suggest you don't use upbot.

giselle180

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thank you keep posting

I can accept to pay of corse, like 3commas style, but I was curious to know if somebody was using upbots.com and if it is good bot.

i will give again a look to Shrimpy and look for Gunbot.

3commas is a bit difficult and confusing.

BitMaxz

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I think based on what you looking for it seems that you want a trading bot that doesn't have a monthly fee and you only want to pay for the performance fee that you copy trading strategies?
I don't if it has but you can try to check Shrimpy you can choose anyone there with past performance but the bot itself needs to pay monthly and you don't need to pay to copy other trader strategies. The only problem they don't have an app but you can access them through the browser.

If you are looking for another bot for Android then I have two options 3commas and Coinigy they have both have an Android app the 3commas is the best and most people recommend this bot.

If you are looking for a list there is an outdated list here https://bitcointalksearch.org/topic/--5278392

bitgolden

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There has been a ton of them in the world so far, they are called trading bots or auto traders and they have been here for over 5 years. The first ever one was kitty or something like that, I do not remember the exact name, but it started literally with cryptsy which is a place that hasn't been around for a long time, it then moved to poloniex then otbittrex and now to binance, think about how long it has been around. I am not saying that one is the best one, I am saying this bots idea has been around for a long time.

This is why I have to say that something that just recently started that you wanted to shill here can't be the best one considering ALL the great ones that has been improving so much for so long. Like I used Gunbot back in the day and I still own it, and it was so bad when it first started, but gradually it became better and better and better and now it is 1000x better than when it first started. I am still not saying that is the best one, everyone has their favorite but I just wanted to say that there are a lot of great ones out there.

Topic: Are you making money with BOTS or Copy Trading? - page 2. (Read 371 times)