Topic: Are you using a trading bot? - page 6. (Read 2454 times)
No, I prefer doing trading manually since I believe it is the way for the long term success. I don’t think we will move too far with trading bot. I do manual trading only and often I use Market Analysis. It’s also available with my broker FreshForex, which helps with decision making.
i'm using this so called codina.io, they trade on Binance Futures, using your API Key.
They work well imo, some days had losses some days had wins, but in overall, the wins covers the losses, which makes it profitable.
I guess that's "normal"?
At least they performs better than me doing manual trades lol
They work well imo, some days had losses some days had wins, but in overall, the wins covers the losses, which makes it profitable.
I guess that's "normal"?
At least they performs better than me doing manual trades lol
I dont use a trade bot because I have heard some funny stories about it being in efficient some times therefore leading to huge loss, thus it needs maintenance which is quite expensive to maintain. So I acquired some knowledge of trading, knowing when to buy and when to sell, this has been helping me for quite sometime now
Actually, there are still good trading bots. Currently in our country, there are many community groups that attract members by creating good trading bots and helping people make a profit. They spent over $ 100k to find the coders and set up a perfect bot for over a year. I followed the signal of the trading bot and made a lot of money, the win rate of the bot was 91%. You can search for MEGA BOT of Tradecoinvietnam, they work very professionally. Bots are always risky and it is impossible to predict the situation every time we need to adjust them based on the market situation, bots will be based on the settings provided by us, so instead of working on the Bots, it is better to go for manual trading it might help us to learn the technique from mistakes we made.
I have been always thinking the same too and that is the reason I never used any bots, the best bot kind of task I do is put trades on future price like if BTC drops by $100 I have a buy order for that and if BTC goes up by $100 I have a sell order for that. That alone looked to me like I am getting lazy and I better be making those trades myself and when I see people using bot to even make all trades, I feel like I am working very hard 
.I am also using Bit universe grid trading bots and the experience has been awesome. Hope we are still going to have similar things like this fro us to have choices. If there is any at present, I will like to have a look at them, quote and drop them
Something new I learned, please can you tell us what functions it provide and how it works? I mean I never used bots for trading because I felt like humans are way more superior to bots.
I don't have a trading bot that I currently use, but I have used several different trading bots before, and I was not very satisfied. I have no information about the trading bot you mentioned, or even heard first from you. To mention briefly the experiences I gained with the use of trading bot;
- It can process wrong amounts.
- Rarely, it is able to sell at a price below the purchase price (not stop loss, but direct sales.)
- It can be a victim of surprises when used in some stock exchanges.
- It can make transactions before the right time comes.
- In some cases, it also happens whether it makes purchases or not.
Of course, this is not valid for every trading bot, but I have experienced such problems in several trading bots that I use.
- It can process wrong amounts.
- Rarely, it is able to sell at a price below the purchase price (not stop loss, but direct sales.)
- It can be a victim of surprises when used in some stock exchanges.
- It can make transactions before the right time comes.
- In some cases, it also happens whether it makes purchases or not.
Of course, this is not valid for every trading bot, but I have experienced such problems in several trading bots that I use.
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. 
So far I trade the predictions myself do not use a bot or premium channels. But it's interesting, I want to try the bots that you use might make the work easier.
BUT bots are very different if you are using a trusted source bot then you are actually making the bot do the tiring work of executing trades and making quick decisions and there are some bots like someone told me gunbot (I never used is, so please don't take my word) is really good. You can just enter some data that will be used to make trades and yes there can be loss but the bot is just there to reduce the manual tiring repeated work and automate some tasks.
Before I use trading bot but now I use trading bot like a signal. Because bot is only machine, not human. So It cannt be control like as people. Moreover, you can lose everything that you have if you use bot because many bot (from some group) have deal with exchange, that they will get profit If people lose many from order
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.
I don't use bots and of course i don't recommend people to use it. I told couple of times before and i still tell people to stay away from any bots and trading signal channel. It might be help you to make money at first time but there is much possibility that you will lose your money because of that. So do your own trade yourself doesn't matter how much time you need to learn about it.
I understand you thought. I know there are lot of well known bot people are using and there is nothing wrong with that. But my doubt on that programmer or company who made those bots. How can i be sure that there will be nothing wrong happen after so many trades. That's why i suggest to not follow bots. Of course traders worry about their assets when they are offline from trade life. For that there are couple of theory we can apply, like "Stop Loss" or something. My bottom line is, we are safe till we are controlling our own assets.
Just trade manually and always buy some coin when going down, many time recommended to use bot for trading but I like with manually because we can analyze when have to sell and hold our assets with low risk, maybe with bot trading our chance to get profit very little.
Finding those parameters that could make you profit is not really easy, it takes time to find it and every situation requires different strategy, not every single day is the same and that is why it requires different approaches. So, you basically need to literally be in front of PC every day all the time to figure out what situation the market is in and then put that strategy to your bot as well. At that point I could just manually trade, what is the point of a bot if it can't deduce what we are in and change accordingly.
Most of the bots are just doing what I tell it to do, none of them could make profit depending on the situation or simply just close when they think it is going to plummet. Hence that is why I am not using anything anymore, they are worthless.
Most of the bots are just doing what I tell it to do, none of them could make profit depending on the situation or simply just close when they think it is going to plummet. Hence that is why I am not using anything anymore, they are worthless.
I always prefer manual trading over using trading bots, because I am not trading with huge capital so I am not interested in expensive trading bots and the problem with using trading bot it is only to automate your trading scripts nothing more so you can save time if you trade too often using trading bots.With the recent price surge I prefer holding than trading crypto assets.
I never heard that trading bot and even there is a trading bot I will not use this kind of technique or strategy because I'm knowledgeable at programming language and those platform and trade bots are made by the knowledge and algorithm if the programmer and still they are the one who controls this kind of prediction if the programmer makes a mistake on the bot you are using and this may lose your funds and this is a huge loss this is just on my perspective only. In my opinion, it is better to make your own trading and build your own trading strategy because you know the possible outcome and what are the possible profit you've got ao knowledge is one of the most powerful things you can have and with the help of your critical thinking you can now make a lot of escapes and avoid to losing your funds and always get a huge market profit.
I am confused why many people like trading bots, even though the risk is very big. I prefer manual trading, because we ourselves make
decisions when trading. Though trading does not spend a lot of time in my opinion, we only need to monitor a few hours per day.Then
information on trading strategies and tips has been widely spread on the internet, if we learn correctly trading is easy to understand.
And don't assume that trading bots can earn passive income and become rich, because trading bots are not always right.
decisions when trading. Though trading does not spend a lot of time in my opinion, we only need to monitor a few hours per day.Then
information on trading strategies and tips has been widely spread on the internet, if we learn correctly trading is easy to understand.
And don't assume that trading bots can earn passive income and become rich, because trading bots are not always right.
Bots are always risky and it is impossible to predict the situation every time we need to adjust them based on the market situation, bots will be based on the settings provided by us, so instead of working on the Bots, it is better to go for manual trading it might help us to learn the technique from mistakes we made.
Is there anyone who thinks that if they do not ever check their bot at all, just install it and put some money on their exchanges and just let the bot do the work, they can come back in a month and have a lot more money, without touching anything at all, just purely install it and let it be.
I do not think there is a single bot that works like that, many of them market their bots that way but believe me I have tried almost all the big software out there, around a dozen of them and none of them is like that, no new one will be bigger and better than the known ones neither so there is zero bots like that. There is just bots that you put in some information on and it works the way you want it to work but what you want will change depending on the market so you will have to intervene quite frequently.
I do not think there is a single bot that works like that, many of them market their bots that way but believe me I have tried almost all the big software out there, around a dozen of them and none of them is like that, no new one will be bigger and better than the known ones neither so there is zero bots like that. There is just bots that you put in some information on and it works the way you want it to work but what you want will change depending on the market so you will have to intervene quite frequently.
bots are not smarter than humans so what your saying was right . at some point we need to check the bot if its still running and check if the settings that we apply is still there but even we humans we cant still predict the outcome of the market . so how much more is the bots . this is why i never tired using bots because i think they are the same as when you do manual trade . the only difference is that your opening another application which only eats space and memory on your pc .
Is there anyone who thinks that if they do not ever check their bot at all, just install it and put some money on their exchanges and just let the bot do the work, they can come back in a month and have a lot more money, without touching anything at all, just purely install it and let it be.
I do not think there is a single bot that works like that, many of them market their bots that way but believe me I have tried almost all the big software out there, around a dozen of them and none of them is like that, no new one will be bigger and better than the known ones neither so there is zero bots like that. There is just bots that you put in some information on and it works the way you want it to work but what you want will change depending on the market so you will have to intervene quite frequently.
I do not think there is a single bot that works like that, many of them market their bots that way but believe me I have tried almost all the big software out there, around a dozen of them and none of them is like that, no new one will be bigger and better than the known ones neither so there is zero bots like that. There is just bots that you put in some information on and it works the way you want it to work but what you want will change depending on the market so you will have to intervene quite frequently.
There are quite simple bots that could actually make you a decent amount of money but very rarely that people are forgetting about. Like you can have a bot that buys periodically between 8k to 4k, so you buy each 500 dollars it goes down, buy at 7.5k, buy at 7k, buy at 6.5k and so forth until it lastly buys at 4k. It also sells all of it at 8k back.
Does this happen frequently? Not it doesn't and I really can understand it, however it also wouldn't hurt to have that neither, even if its rare to happen, at least it happens and that is why some bots are better than the others, it doesn't make you rich, it is not a get rich quick, but at least it guarantees profit, just doesn't tell you how long it will take for you to make a profit that way since it may take a second or a year.
Does this happen frequently? Not it doesn't and I really can understand it, however it also wouldn't hurt to have that neither, even if its rare to happen, at least it happens and that is why some bots are better than the others, it doesn't make you rich, it is not a get rich quick, but at least it guarantees profit, just doesn't tell you how long it will take for you to make a profit that way since it may take a second or a year.
Bot doesnt guaranteed out on making profits but i agree on what you have said when it comes to automation of buying and selling orders in times of those price had been reached up.
Time would be your main enemy and your patience would really be tested out and come to think that bot users do much prefer on seeing profits in short span of time and for people who are just
new and sees someone who do make use of bot and make profits then they do really have that impression that they might able to do it to until the time comes that expectation is always
different from the reality.
That is the hardest part because even if you uses Bot still you need to stay infront of computer so for me?i rather do the basic and traditional ways than using bots. new and sees someone who do make use of bot and make profits then they do really have that impression that they might able to do it to until the time comes that expectation is always
different from the reality.
There are quite simple bots that could actually make you a decent amount of money but very rarely that people are forgetting about. Like you can have a bot that buys periodically between 8k to 4k, so you buy each 500 dollars it goes down, buy at 7.5k, buy at 7k, buy at 6.5k and so forth until it lastly buys at 4k. It also sells all of it at 8k back.
Does this happen frequently? Not it doesn't and I really can understand it, however it also wouldn't hurt to have that neither, even if its rare to happen, at least it happens and that is why some bots are better than the others, it doesn't make you rich, it is not a get rich quick, but at least it guarantees profit, just doesn't tell you how long it will take for you to make a profit that way since it may take a second or a year.
Does this happen frequently? Not it doesn't and I really can understand it, however it also wouldn't hurt to have that neither, even if its rare to happen, at least it happens and that is why some bots are better than the others, it doesn't make you rich, it is not a get rich quick, but at least it guarantees profit, just doesn't tell you how long it will take for you to make a profit that way since it may take a second or a year.
Bot doesnt guaranteed out on making profits but i agree on what you have said when it comes to automation of buying and selling orders in times of those price had been reached up.
Time would be your main enemy and your patience would really be tested out and come to think that bot users do much prefer on seeing profits in short span of time and for people who are just
new and sees someone who do make use of bot and make profits then they do really have that impression that they might able to do it to until the time comes that expectation is always
different from the reality.
I am also using Bit universe grid trading bots and the experience has been awesome. Hope we are still going to have similar things like this fro us to have choices. If there is any at present, I will like to have a look at them, quote and drop them
Yeah the grid trading bot of the bit universe is far better I even have used it myself. However, thanks to various problems, I even have temporarily turned it off. Now I trade on my very own and don't use any trading bots. I feel if we trade from bots it increases our knowledge and skills. tons of latest updated information about the market is out there it's impossible to understand much by using bots.
I am also using Bit universe grid trading bots and the experience has been awesome. Hope we are still going to have similar things like this fro us to have choices. If there is any at present, I will like to have a look at them, quote and drop them
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