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Topic: Are you using a trading bot? - page 7. (Read 2492 times)

legendary
Activity: 3066
Merit: 1129
May 05, 2020, 08:44:55 AM
#62
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.
sr. member
Activity: 2828
Merit: 344
win lambo...
May 04, 2020, 06:07:32 PM
#61
Using a trading bot is only necessary for the people who have no time in trading. But for us who have a lot of time making it, not really it works.

In certain thing also why I'd never use a bot in trading is to find ourself capable of, we can learn a lot of things about trading if we do it our own. We are having the benefits of it and to know more about how trading works. We can appreciate trading if we let somebody/someone work on it.
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
May 04, 2020, 12:22:01 PM
#60
Trading bots can help traders to make profits at the same time, it can lead to losses, it all depends on having the right knowledge. Thus, there are people who trades with bots while there are some that trades on their own, it all comes down to making profits hence using whichever method that is suitable. As for me, I used it for a short period of time and stopped as i don't really buy the idea and nowadays I trade on my own and it's better for me. Maybe one day I will try it all over again.
hero member
Activity: 1274
Merit: 500
May 04, 2020, 06:27:03 AM
#59
i dont use trading bots, becouse its not interesting for me, i know BOTs are interesting for Huge amount and fast income, but i cant trusts them Sad

what is the oldest trading BOT?
I also like you because using BOT only makes you spend more time and this market is unpredictable so you will definitely face a lot of risks if not careful.

In fact, I always trade by hand and only buy when the market starts to increase because it will help me feel safer and can sell if it is profitable. In addition, you need to have trading knowledge about this market and do not depend on any analysis of others.
member
Activity: 1021
Merit: 12
May 04, 2020, 01:24:56 AM
#58
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

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.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
May 03, 2020, 07:14:46 PM
#57
I don't use any bot now I ask my friend to trade for me so he does it doesn't mean that I don't loose money at all but so far here is doing pretty well
Why don't you learn the method of having successful trades than asking your friend to trade on your behalf? It is not the best practice and in the long run, you will not gain experience, exposure, risk management etc that makes perfect trading. Go for it with determination.
The most important tools in order to have a long term success that you are missing if you are not exposing yourself around the exchange, having a insight knowledge instead of leaning everything to a friend or someone who have good experienced, if you'll not going to change this kind of attitude then learning won't happened the risk of losing more will be expected.
hero member
Activity: 1470
Merit: 521
No more Rekt and Bust
May 03, 2020, 06:59:09 PM
#56
Depending on the modifications every trading bots can generate a quite good profit but a single symbol can affect the profit/loss ration. I have used the mirror trading bots on social trading platforms a few years ago.

Never heard BitUniverse grid trading bot but it seems it is an app for Android and Apple iPhone. I can't even find their opensource code which is I think not safe to use as a trading bot even it is free.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.

Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko

Thanks buddy. A friend once told me about bituniverse bit now that you have recommended these, I will quickly evaluate them and see if I can deploy any of it soonest. I am looking at the variations it offers from the regular manual trading
AFAIK, Bituniverse has partnerships with several exchanges, I know the Bitforex and their trading competitions based on Bituniverse trading bots. Gekko is a popular crypto trading bot too.
hero member
Activity: 966
Merit: 502
May 03, 2020, 06:28:09 PM
#55
Never heard BitUniverse grid trading bot but it seems it is an app for Android and Apple iPhone. I can't even find their opensource code which is I think not safe to use as a trading bot even it is free.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.

Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko

Thanks buddy. A friend once told me about bituniverse bit now that you have recommended these, I will quickly evaluate them and see if I can deploy any of it soonest. I am looking at the variations it offers from the regular manual trading
hero member
Activity: 2968
Merit: 687
May 03, 2020, 05:00:05 PM
#54
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 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.
Well there is nothing wrong to use bots but honestly bots are pretty helpful in times that we need them like trading while sleeping. Trading bots do have function and setting from the user which it will execute upon reaching the limit set, it is basically an extension of the trader's hand. I'm talking about the legit bots that you can buy in the market, and yes you read it right bots do have cost coz it is made by a programmer. There are some bots that you can acquire for free however I do not recommend you guys to get a help in random. Trading bot is a good alternative but if you can get the job done manually then why seek for a bot's help?
People do really have that mindset or do believe that bots can give out constant profits to them without doing so much work which is really a very wrong perception with the majority specially with the noobs.
Bots are for automation period but people taking it too far thats why they do bust up their capital on relying their funds into a bot.All settings will always vary with the trader itself and it would always much better
to trade manually if you do have the time and if not then bot would be the substitute but doesnt mean that theyre reliable into some circumstances that do really need human intervention like
alterations of decisions specially when the market comes so bad or does oppose into your target.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
May 03, 2020, 03:40:37 PM
#53
I don't use any bot now I ask my friend to trade for me so he does it doesn't mean that I don't loose money at all but so far here is doing pretty well
Why don't you learn the method of having successful trades than asking your friend to trade on your behalf? It is not the best practice and in the long run, you will not gain experience, exposure, risk management etc that makes perfect trading. Go for it with determination.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
May 03, 2020, 03:17:13 PM
#52
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 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.
Well there is nothing wrong to use bots but honestly bots are pretty helpful in times that we need them like trading while sleeping. Trading bots do have function and setting from the user which it will execute upon reaching the limit set, it is basically an extension of the trader's hand. I'm talking about the legit bots that you can buy in the market, and yes you read it right bots do have cost coz it is made by a programmer. There are some bots that you can acquire for free however I do not recommend you guys to get a help in random. Trading bot is a good alternative but if you can get the job done manually then why seek for a bot's help?
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
May 03, 2020, 12:37:25 PM
#51
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 don't know about this kind of bot. And the reason I don't use bots is because I don't trust trading bots. I prefer to trade manual. Because there is a fun in trading which cannot be found by trading with a bot. It is not possible to make big profit using bot. People use trading bots hoping to make quick profits, but the reality is different. Most traders give negative feedback to the trading bot because they do not get good results using it. So I don't think this bot will be anything different from the others.
jr. member
Activity: 47
Merit: 3
May 03, 2020, 12:04:48 PM
#50
Using my own developed bot.
It's still under development but working pretty much as expected.
newbie
Activity: 1
Merit: 0
May 03, 2020, 11:13:25 AM
#49
I just made a trading bot this weekend but think I have set the percent too high

https://youtu.be/mpAMmHB8wN4

Do you think it will work? I’m a software dev but new to trading and crypto

Cheers
legendary
Activity: 2100
Merit: 1058
May 03, 2020, 10:47:29 AM
#48
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.
You sound like a paid shill. How long you have been using that bot? What is your profits and losses ratio? Market started fluctuating recently, I agree but how your bot was performing before the recent fluctuations. Without sharing these kinds of basic information related to your trading bot, I highly suspect that you are trying to market that bot. Probably, you might be from the team or you might have been affiliated with them.

Being a free of cost and supporting 20+ exchanges cannot be enough criteria for me to adopt a new bot with my trading capital. It should be based on open source and might have been well tested and vouched by trusted forum members.

Any more bots are you using? Please recommend.  Huh
Honestly I may not go continuously searching for new bots when I am already stratified with performance of one bot. If you are not yet satisfied with that BitUniverse's Grid Trading Bot then why you stating about it here?
hero member
Activity: 796
Merit: 519
May 03, 2020, 05:33:47 AM
#47
TokenBot is a social trading bot. The trades are executed manually by traders and can be shared automatically.

Some people think bots are just auto trading a specific algorithm, but they are very versatile in nature.

http://tokenbot.com/
https://app.tokenbot.com/login

sr. member
Activity: 994
Merit: 261
May 03, 2020, 04:20:01 AM
#46
Can you provide proof of the benefits of using the bot? I still don't believe that I can make a profit trading using a bot like that
hero member
Activity: 994
Merit: 503
May 02, 2020, 11:03:21 PM
#45
I have a bad experience with trading bots, so I prefer manual trading. It is true that with trading bots we don't need to analyzing
the market, trading becomes simple. But it usually doesn't last long, when the market trend changes drastically, trading bots
no longer accurate and cause us to suffer losses. Therefore I have lost up to $ 1,000 using a trading bot, so I decided to trade
manuals ever since. But if you think it's profitable to use trading bots, just do it. I will not prohibit, because the decision is in
each other's hands. I just shared my experience.
I have also seen bad bots take a lot of investor money. Good bots are often created for a long time and cost a lot of money. and especially bots will measure the volume and greed or fear of traders entering the order. I find that bot trading is better for us, we have more time to do other things and still make money. But better, we should choose the quality bot to follow. Pay reputable admins to use the bot, that's how you can get to the best bot.
full member
Activity: 1190
Merit: 117
May 02, 2020, 07:38:38 PM
#44
I have a bad experience with trading bots, so I prefer manual trading. It is true that with trading bots we don't need to analyzing
the market, trading becomes simple. But it usually doesn't last long, when the market trend changes drastically, trading bots
no longer accurate and cause us to suffer losses. Therefore I have lost up to $ 1,000 using a trading bot, so I decided to trade
manuals ever since. But if you think it's profitable to use trading bots, just do it. I will not prohibit, because the decision is in
each other's hands. I just shared my experience.
hero member
Activity: 3220
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
May 02, 2020, 01:38:54 PM
#43
I used to use them a lot, basically all of my trading was via trading bots, but I gave up because they were never really doing exactly what I wanted because what I wanted changed according to the market, so I would have to manually change the bot all the time to do what I want and it was usually always too late as well. Basically emotions do matter to me when trading and bots are too rigid, which means they may act a bit like a robot as you might imagine (wow what a shock!) but my trading is not like that, so I stopped using them.

Nowadays I do manual trading and I have been actually a lot more successful, if I was a bad trader or a newbie trader and I didn't know what to do, I would still use it, its definitely much better, but since I am better at it now, I don't need it.
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