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Topic: Are you using a trading bot? - page 3. (Read 2454 times)

sr. member
Activity: 1554
Merit: 334
January 19, 2021, 10:48:55 AM
I stopped using trading bot because I'm still losing money and I think its better to trade on my own which I'm learning it right now on how to execute my trade properly. Some people succeed on their trading because of the BOT and maybe they used trading bot because they don't have much time to study the market and I think you should also used BOT if you think you don't have much time to monitor the price movement.
Yeah I also think that was the purpose of the BOT where it is recommended if you have no time to monitor your trade. Honestly, I haven't used one and I am only do trading by myself, it can be rough sometimes like I could felt lose any moment but still, I can manage it though compared on using a trading bot. I also heard that when you use trading BOT you are pretty much away from losing but I don't think it works that way because you can still definitely lose especially if you placed the wrong sort of strategies on it. The odds of winning will still depend on your TA, I guess.
sr. member
Activity: 952
Merit: 308
January 19, 2021, 09:44:46 AM
Exchanging bot is certainly not a sorcery and an individual who is keen on utilizing this ought to figure out how it attempts to comprehend what coins are viable to be exchanged with and what change would you need to do in your bot to fulfill its motivation. I haven't actually utilize one either in light of the fact that when I read it here in the gathering, exchanging bots are really difficult to utilize on the grounds that you need the information and the right boundaries to have the option to utilize adequately.
full member
Activity: 840
Merit: 102
January 18, 2021, 06:11:07 PM
So far, my trading manual does not use any kind of bot. Just because I want to hone my skills in trading, despite a lot of human error, yes, it’s only natural.
However, I think applying the use of bots in the long term in trading is not effective. And sometimes bots can’t control volatile crypto market situations.
Perhaps in my perception, the bot is only familiar with bullish and bearish trading. But all understandings differ from each other.
full member
Activity: 1470
Merit: 103
COMBO 2.0
January 18, 2021, 05:35:12 PM
Don't know about bots but still can be worth an option to look into with a token price Personally I think even with your strategy you can loose money so bot no matter effective can be a bad experience sometimes
hero member
Activity: 986
Merit: 516
January 18, 2021, 06:11:27 AM
are those trading bots still popular  Huh
of course, there is a lot of popular trading bot available. among them, 3commas,cryptohopper, bitsgap,Pionex, Quadency are very popular. Personally, I am using Pionex (https://www.pionex.com) Pionex is AUTOMATED Crypto TradingBot, its World’s 1st cryptocurrency exchange with in-built trading bots. Most interesting fact is, it's totally free. Also, you can use bituniverse (https://bot.bituniverse.org) it's also free. Bitunvierse and pionex are maintained by the same dev, so if you create one account, You can use both accounts with the same id password.

at Pionex the trading fees are only 0.05%, so why like to use Pionex. also there is 10 types of Bot available:
Grid Trading Bot
Reverse Grid Bot
Infinity Grid Bot
TWAP Bot
TTP Bot
Leveraged Grid Bot
Margin Grid Bot
DCA Bot
Leveraged Reverse Bot
Spot-Futures Arbitrage

I am very happy with pionex
full member
Activity: 304
Merit: 100
January 18, 2021, 12:19:52 AM
are those trading bots still popular  Huh
member
Activity: 133
Merit: 10
June 25, 2020, 12:21:01 PM
Before when I was really into trading, I used to trading bot which helped me to actually earn without manually trading my coins. Unfortunately, I forgot what is the name of that bot tho. I just set the parameters on when should be my orders to be sell at a certain percentage of increase. Using a bot is very helpful and convenient.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
June 25, 2020, 06:55:13 AM
When the first time I used this trading bot called GEKKO, I really like its features and security when it comes to a trading bot. Although trading bots are not that 100% sure that it will give you huge amount of profits, still it depends on your manipulation even if it is an bot.

That's why it is not guaranteed to use trading bots for huge profits, still manual trading is the most efficient and effective thing to do when you invest in trading. You can use bots if you have some other things to use and if you are unable to focus on trading. You need to deal with the reality that trading is much risky than it is.

Money is not that certain in trading, and if you use trading bots, it can make things worse. But if you are really willing to use trading bot, I suggest you to try GEKKO.
sr. member
Activity: 2030
Merit: 323
June 19, 2020, 02:01:39 PM
Trading bots are not there so you could profit endlessly and never look back. Think about it logically, if there was a bot out there that would help you profit constantly, don't you think that the whole world would use it? I mean the word would get out, if just 10 people made profits constantly using a bot, they would advice it to other people as well, others would start using it and it would get bigger and bigger.

I suspect 1/10 of all trading in big exchanges are bots, but not all of them make a profit. Sure you can make profit sometimes, but sometimes you lose as well. So do not look at bots like it is a marvelous invention that would print money for you. I would say look at it more like a help, such as you can make a coffee the old way or you can use an espresso machine, it's like that.
legendary
Activity: 1610
Merit: 1131
June 19, 2020, 05:57:15 AM
What is a trading bot? I have never heard of this term before.

Trading bots are computer programs that use various indicators to recognize trends and automatically execute trades.
You can buy the code and use it to conclude daily deals, In the event that you do not have sufficient experience to exploit this bot, you are at risk of losing and emptying your wallet.
sr. member
Activity: 1610
Merit: 372
June 18, 2020, 04:02:54 PM
Never heard of this one. Is it totally legit? Mind if you share some links? Would highly appreciate it.

Bots are a pretty dubious thing.  You either understand how they work, or not.
There are a lot of fakes and bots on the network promising a stable monthly profit, but most often this is a hoax.

If such bots exist, then no one will share them for any money, because the bot algorithm can be copied or recreated.
It makes sense to use only those bots that accelerate your interaction with the exchange.

But this also makes little sense, because modern exchanges have more than satisfying functional needs.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
June 18, 2020, 12:33:41 PM
For me, I do not use trading bots and I do not recommend using them. There are great risks from trading bots. Firstly, the bot must be reliable because it will get significant powers from your account and therefore if the bot scam your account will be in danger. Not just one account but several accounts on several platforms. Also, the bot can be hacked and your accounts may be at risk.
Sure, there are great benefits to using a bot, but there are significant risks, so I prefer not to use it and use normal trading.
full member
Activity: 1330
Merit: 147
June 18, 2020, 09:11:10 AM
I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I never used trading bot, I don't trust in other bots for making profits... I prefer manual trading with stop loss and some rings in the night for place the best buy/sell when the pair that I m monitoring comes to the threshold I decided
Yeah that make sense to me, trading bot is a tool if we don't have a good strategy we will end up in lose as well. I just think, if I use trading bot and I don't have a good strategy then why I should using it? Moreover with premium trading bot, it means I have to spend money for it. Because I have read some information that there are a legit trading bot but I should pay when I using the service, it will be good if I'm not using it and use the money to add the capital for trading. And yeah, the trader should be aware that there are many trading bot scam, you will lose your money when using it.
sr. member
Activity: 616
Merit: 250
June 18, 2020, 05:56:24 AM
I can't suggest trading bots. It seem risky. Well, everything does. But I feel like the people who are managing the bots are gaining more profit than you. And also it's bots. It has an algorithm which means it follows the indicators only that is given to it. Which means what? Which means if the market goes the other way when the bots placed a bid then you are more than likely on liquidating you market. So if you have that time even just 30 minutes daily read about trading and patterns. Because I can assure you that you will earn much more in trading rather than using a bot.
legendary
Activity: 2338
Merit: 1124
June 17, 2020, 05:22:25 PM
I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
Is it one of these free to use bots? Or the ones you have to subscribe for before you are allowed to make use of them?
I haven't tried paid bot, I have only had an experience with the free to use ones, and my experience was bad with them. I know some people have claimed that free bots are always trash, but I think there should be a free version or a test, it could be good to help people see what it's like, and after that they can decide whether to pay or not.

All these paid versions always require that you pay first when you don't know what waits ahead for you. And people that use it are not open, and always secretive as to whether it works or not. But from what I've seen on Reddit, they are not worth it.
full member
Activity: 1470
Merit: 148
June 16, 2020, 03:04:28 PM
I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I never used trading bot, I don't trust in other bots for making profits... I prefer manual trading with stop loss and some rings in the night for place the best buy/sell when the pair that I m monitoring comes to the threshold I decided
That's what I believe too, the use of bot on trade doesn't seem nice to me in particular because of the flexibility of trading Bitcoin or all other cryptocurrency. There is what the humans can control in trade when the market goes negative from the propose aim but don't know if bot van take a decision by itself. Human can decide to cancel trade at their own discretion but for the not too sure. Although, i will like to get a good bot for trade for a test. They are not humans and can't function like humans while in trade.
newbie
Activity: 28
Merit: 0
June 16, 2020, 02:49:02 PM
Never heard of this one. Is it totally legit? Mind if you share some links? Would highly appreciate it.
jr. member
Activity: 392
Merit: 2
June 16, 2020, 02:41:55 PM
I have never used trading bot, Because i have no idea about it, i have no idea  what i don't know, I rarely use that thing. But now i want to know about it. It would be very helpful someone could give me advice on how to do this and how far? i can make a good income by trading boot. Because it is very important for me to know. I'm interested in learning, Something new and i want to learn it.
copper member
Activity: 262
Merit: 1
May 28, 2020, 10:46:32 PM
I Don't why people using a trading bot. I think trading bot is the risky thing for traders. A friend of mine using trading bot but he is not satisfied,People who want to trade they need to learn technical analysis. I think without proper knowledge trader should not trade. So trader should gather proper knowledge before trading.
full member
Activity: 1093
Merit: 103
May 28, 2020, 01:11:11 PM
I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I use a custom made trading bot which was made by a friend of mine who owed me a favor and I personally think these bots are not so good in trading, I can do much better if I had enough time to trade in the market as I have tried trading many a times by myself and have made a good amount of return on a small playing wallet. Also you have to keep on monitering the market many a times in a day if you are using a bot and also have to change its settings and if the market takes a sudden turn then you can't do anything about it and will loose most of your coins.
Lol! A friend of mine also got trading bot at one point in time but instead of him to gain from using the bot, him ended up losing more than necessary, this is a bot and very possible can be 100% authentic. My friend was pissed off because trading bot didn't give what ihe was hoping for.
the network offers a lot of trading bots, but most of them are aimed at stealing the trader’s assets. I have never used a bot, but I am interested in such software, since in fact the trading bot gives you the opportunity to receive a constant income and at the same time saves a lot of time for the trader. I constantly monitor the feedback of various traders about cryptocurrency trading bots and we can conclude that a good trading bot has its own value that a trader must pay before starting to use it. Of course, this sounds logical, since free programs that are profitable do not inspire confidence. I would like to know the real opinion of traders about the use of a specific trading bot and what results were obtained.
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