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Topic: Automated trading (Read 334 times)

hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
June 07, 2019, 07:05:53 PM
#28
I don't like to do automated trading because I cannot learn something that is happening in the market. I prefer to do manual trading so I can watch, learn, and make my own analysis related to the market. Sometimes, automated trading can help us, especially if the market can run as what we want. But that will not always happen in the cryptocurrency because the market will always move and will be unpredictable, so we need to do manual trading to get the right price to buy and sell.
many people who trade automatically regret in the end. the market is always dynamic, and not every market character is recorded automatically. so that one day we will experience a painful loss


The only thing making them feel worried with automated trading when the market was turning around into the bearish trend. Automated trading can't anticipate the bearish trend especially when there was a big panic sell happened in the market. that's why we must aware of the fundamental of the market but the fact that all of the altcoin fundamental depends on bitcoin.
sr. member
Activity: 952
Merit: 308
June 07, 2019, 04:35:14 PM
#27
So far what I know is about kryll, then in 2018 this platform held an ICO and was quite successful. You can see it here https://bitcointalksearch.org/topic/ann-kryllio-automated-crypto-trading-strategies-made-simple-2791849
Yes indeed to run an automatic bot this requires a token, at least you hold the token.

But I do not recommend that you use automated trading bots because in my experience, trading bots are often detrimental because we cannot fully control our trade.
newbie
Activity: 5
Merit: 0
June 07, 2019, 09:38:32 AM
#26
Thank you everyone for providing with opinions! Just as a notice, as I mentioned in previous posts, I also do not prefer automated trading bots that use technical analysis to determine best trading position (long, short, neutral). However, the platforms I am exploring enable user to manually create signals and that is something could be very useful (combining technical indicators, sentiment OHLCV, candles...). In the meantime, I’ve registered and testing both platforms…. I am not saying that this is best way to trade…but it is something in the middle (automated, but I am in control when deploying strategies)

PS. As for tokens risk, … both platforms can be used if you onboard just 1 token (on Kryll you can backtest, and on Dapowerplay you can do both, backtest and forwardtest/paper trade on live orderbooks).
legendary
Activity: 1484
Merit: 1004
June 07, 2019, 09:14:00 AM
#25
It is indeed a very high risk that automatic trading can change by itself, maybe in a system failure, there are good and bad things to use trading bots, but there are still many people who really regret that it is not in line with what is expected, it is better to use thought itself because it is very good to sharpen yourself without having to rely on robots that are not so clear, everyone can make their own analysis, don't be lazy to hone knowledge.
full member
Activity: 1442
Merit: 116
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
June 07, 2019, 08:40:53 AM
#24
I don't like to do automated trading because I cannot learn something that is happening in the market. I prefer to do manual trading so I can watch, learn, and make my own analysis related to the market. Sometimes, automated trading can help us, especially if the market can run as what we want. But that will not always happen in the cryptocurrency because the market will always move and will be unpredictable, so we need to do manual trading to get the right price to buy and sell.
many people who trade automatically regret in the end. the market is always dynamic, and not every market character is recorded automatically. so that one day we will experience a painful loss

sr. member
Activity: 1204
Merit: 272
1xbit.com
June 07, 2019, 08:40:38 AM
#23
I said almost the same thing to another user like you.
Dude seriously you are going to trust your own funds on a robot?
If i was in the place of you,  i wouldn't have done that.
Why you need to choose a software thay help you in trading?
The best thing you can do is trust yourself.
If you follow my advice, then i would say that,  do not try any automated software for trading.
Who knows whenever the bot may face some issues and you may lose your coins.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
June 07, 2019, 08:26:58 AM
#22
I don't like to do automated trading because I cannot learn something that is happening in the market. I prefer to do manual trading so I can watch, learn, and make my own analysis related to the market. Sometimes, automated trading can help us, especially if the market can run as what we want. But that will not always happen in the cryptocurrency because the market will always move and will be unpredictable, so we need to do manual trading to get the right price to buy and sell.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
June 07, 2019, 02:15:36 AM
#21
When you are going to begin your crypto trading career you need to work for it,how can you expect the profits comes to your wallet without effort from you.If automated trading is very profitable then everyone should be using it so from that you can understand it is not going to be profitable when you don't have skills related to crypto.
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
June 07, 2019, 01:33:04 AM
#20
If you want to go into automated trading then you need to buy and use the bot urself. i won't advice you to let another platform trade for you . You might gey cheated as it is not transparent enough. Make sure you are on total control of it
sr. member
Activity: 784
Merit: 250
June 06, 2019, 06:05:09 PM
#19
You need to read reviews about automated trading platforms. There are advantages and disadvantages that you need to take into considerations. Also need to be cautious about scammers. Better to do reasearch before using. The automated system might be not that reliable and secured. In short, study the platform first.
sr. member
Activity: 1176
Merit: 301
June 06, 2019, 05:33:14 PM
#18
@xvids & @Ranly123 - I also share your opinion. Somehow, it frightens me to put my money to bots, even if they’ve had positive performance until now. That is why I’m exploring options… I’ll probably give it a try and share my feedback.


I just found it much more efficient to use our own skill and knowledge in trading rather than relying on a bot.
It would enhance our knowledge and skill experience is the best teacher in life so don't worry about a thing there would always be a mistake in order to learn.
It is much more better and you would feel proud about it since it is your own skill that let you earn your profit.
member
Activity: 473
Merit: 11
June 06, 2019, 12:59:39 AM
#17
Hi everyone,

This is my first post…I tried browsing the forum, but couldn’t find info I needed.

Has anyone tried using automated software for trading? I’ve came across to these platforms. They both say they need their tokens to run..honestly I haven’t heard of these tokens before. One of them supports backtesting, and the other one has forward testing as well. What is your experience with this type of trading, or can you recommend something else I should take a look at..

1.   https://kryll.io/ - Supports trading on Binance, Bittrex and Liquid
2.   https://www.dapowerplay.com/services/dpp-platform - Supports trading on Binance, Bittrex, Bitstamp, HitBTC and Tokens

Thanks!

No, things that smell like bots and software really don't help at all. More victims than those who get profit using this kind of software. iindeed some markets may have been inserted bots, but the bots are only average fishing buy / sell orders. This type of trading will only look profitable at the first time, then you will see how dark this thing.
sr. member
Activity: 1008
Merit: 355
June 05, 2019, 10:49:33 PM
#16
Hi everyone,

This is my first post…I tried browsing the forum, but couldn’t find info I needed.

Has anyone tried using automated software for trading? I’ve came across to these platforms. They both say they need their tokens to run..honestly I haven’t heard of these tokens before. One of them supports backtesting, and the other one has forward testing as well. What is your experience with this type of trading, or can you recommend something else I should take a look at..

1.   https://kryll.io/ - Supports trading on Binance, Bittrex and Liquid
2.   https://www.dapowerplay.com/services/dpp-platform - Supports trading on Binance, Bittrex, Bitstamp, HitBTC and Tokens

Thanks!
Both websites that you shared links to just offer you a service where you can create and test different strategies using multiple tools they have. So they don't offer you automated bots that you can run by yourself and make profits unless you buy it from them. Honestly I don't recommend you to buy this kind of strategies unless it is from a very trusted source that you know well. Think about it like this,if someone has a bot and a strategy that's working really well for him them why would he sell it to other people instead of him just using it to make profit? Because by selling his strategy all he is doing is increasing the risks of trading websites detecting it and then find a way to block his transactions. So most automated bots that really work are either not for sell or they are very expensive so that not anyone can afford it and those who can are not going to share it further to their friends because they paid lots of money for buying it

I have been thinking myself on automated trading software and really wondering if those can work to produce the gains that I am dreaming. As always there will be advantages (I think) and disadvantages so it is till up to the trader to adjust and learn. However, we know that the best thing to do is never use any software at all and just invest time and effort to learn trading.

full member
Activity: 1092
Merit: 117
June 05, 2019, 06:32:03 PM
#15
Hi everyone,

This is my first post…I tried browsing the forum, but couldn’t find info I needed.

Has anyone tried using automated software for trading? I’ve came across to these platforms. They both say they need their tokens to run..honestly I haven’t heard of these tokens before. One of them supports backtesting, and the other one has forward testing as well. What is your experience with this type of trading, or can you recommend something else I should take a look at..

1.   https://kryll.io/ - Supports trading on Binance, Bittrex and Liquid
2.   https://www.dapowerplay.com/services/dpp-platform - Supports trading on Binance, Bittrex, Bitstamp, HitBTC and Tokens

Thanks!
Both websites that you shared links to just offer you a service where you can create and test different strategies using multiple tools they have. So they don't offer you automated bots that you can run by yourself and make profits unless you buy it from them. Honestly I don't recommend you to buy this kind of strategies unless it is from a very trusted source that you know well. Think about it like this,if someone has a bot and a strategy that's working really well for him them why would he sell it to other people instead of him just using it to make profit? Because by selling his strategy all he is doing is increasing the risks of trading websites detecting it and then find a way to block his transactions. So most automated bots that really work are either not for sell or they are very expensive so that not anyone can afford it and those who can are not going to share it further to their friends because they paid lots of money for buying it
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
June 05, 2019, 06:23:58 PM
#14
Don't rely on trading bots. They couldn't provide you profitable trading more than you do. You better do trading in your own way. Don't rely things on automated trading when you can do it on your own and normal way. It would be a bigg risk.
full member
Activity: 798
Merit: 109
https://bmy.guide
June 05, 2019, 12:50:37 PM
#13
I have just only a piece of reminder OP even I am not an expert on automated tradings tools, be careful of using API that might lead you from a hack. I had a friend saying that problem to me, his account was accessed with someone else. And that probably was already reading by them. That's why I don't like sharing my API from the account of your exchange.
member
Activity: 1204
Merit: 38
June 05, 2019, 12:25:46 PM
#12
Hi everyone,

This is my first post…I tried browsing the forum, but couldn’t find info I needed.

Has anyone tried using automated software for trading? I’ve came across to these platforms. They both say they need their tokens to run..honestly I haven’t heard of these tokens before. One of them supports backtesting, and the other one has forward testing as well. What is your experience with this type of trading, or can you recommend something else I should take a look at..

1.   https://kryll.io/ - Supports trading on Binance, Bittrex and Liquid
2.   https://www.dapowerplay.com/services/dpp-platform - Supports trading on Binance, Bittrex, Bitstamp, HitBTC and Tokens

Thanks!
There are many bots available for you to automate your trading and but it might not suitable for you to start with because it needs laptop skills to handle loss and profit if you didn't manage it well then you will close all all of your money in no time. One of the reputed trading bot is gunbot as far as I know.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
June 05, 2019, 11:22:27 AM
#11
automated trading should only be done when you have 100% control not give up your control to another "platform" that does it for you. which means in my opinion using the worst bot (that would be a desktop application you run on your computer) is so much better than using these websites not to mention safer.
newbie
Activity: 5
Merit: 0
June 05, 2019, 11:04:45 AM
#10
@xvids & @Ranly123 - I also share your opinion. Somehow, it frightens me to put my money to bots, even if they’ve had positive performance until now. That is why I’m exploring options… I’ll probably give it a try and share my feedback.

Thank you davis196 for your reply.
Actually, the scalping is exactly why I’m browsing the automated trading. The BTC price change in 24h is around 1,4%, and in last 14 days almost 10%... so in this market conditions there is probably opportunity to make profit on market price changes. I know there are professional bots out there (unfortunately I do not possess programing knowledge), but now I see these drag’n drop platforms, so I was wondering has anyone tried using them…do they work?


There are lots created for trading our tokens but it would be a lot safer to personally do the trade than letting a bot do it.
newbie
Activity: 5
Merit: 0
June 05, 2019, 10:53:39 AM
#9
Thank you Slow death and milewilda for suggestions, I’ll be sure to take a look. However, I like Kryll and Dapowerplay project as it seems to me much convenient to use, as I can create my own “strategies” and have better control (at least this is my understanding).
@Slow death - I can see that Kryll platform is live from last year and Dapowerplay has launched their service few weeks ago.
@milewilda – both platforms require KRL or DPP token to be deposited to the platform in order for strategies to work


Thank you davis196 for your reply.
Actually, the scalping is exactly why I’m browsing the automated trading. The BTC price change in 24h is around 1,4%, and in last 14 days almost 10%... so in this market conditions there is probably opportunity to make profit on market price changes. I know there are professional bots out there (unfortunately I do not possess programing knowledge), but now I see these drag’n drop platforms, so I was wondering has anyone tried using them…do they work?

Read these threads:

【BOT】 🌟 C.A.T. Cryptocurrency Automatic Trader 5.2 🌟

🔥🔥🔥🔥🔥[GUNBOT] Automatic Crypto Trading Bot - now with BITMEX🔥🔥🔥🔥🔥

margin - Bitcoin Trading Bot: Binance, Coinbase Pro, Bittrex, HitBTC, Bitfinex..

I hope I was helpfull
It is much more better to take this suggestion Op rather than focusing into those links you have posted atleast these Bots are way more popular than to those you had mentioned.

What you mean about needing their own tokens to run?If they do ask out on purchasing up their tokens then its better to avoid i were you.
full member
Activity: 952
Merit: 104
★777Coin.com★ Fun BTC Casino!
June 05, 2019, 10:24:19 AM
#8
Thank you davis196 for your reply.
Actually, the scalping is exactly why I’m browsing the automated trading. The BTC price change in 24h is around 1,4%, and in last 14 days almost 10%... so in this market conditions there is probably opportunity to make profit on market price changes. I know there are professional bots out there (unfortunately I do not possess programing knowledge), but now I see these drag’n drop platforms, so I was wondering has anyone tried using them…do they work?


There are lots created for trading our tokens but it would be a lot safer to personally do the trade than letting a bot do it.
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
June 05, 2019, 09:58:22 AM
#7
It is much more better to take this suggestion Op rather than focusing into those links you have posted atleast these Bots are way more popular than to those you had mentioned.

The link he posted is from projects that do not seem to me to be successful:

2.   https://www.dapowerplay.com/services/dpp-platform - Supports trading on Binance, Bittrex, Bitstamp, HitBTC and Tokens

https://etherscan.io/token/0x01b3ec4aae1b8729529beb4965f27d008788b0eb

[ANN] [DPP] Digital Assets Power Play - Creating a Democratized Wall Street


1.   https://kryll.io/ - Supports trading on Binance, Bittrex and Liquid

[ANN]🔥🔥 KRYLL.IO -Automated crypto trading strategies made simple 🔥🔥


https://app.liquid.com/exchange/KRLBTC

sr. member
Activity: 1176
Merit: 301
June 05, 2019, 09:39:20 AM
#6
I don't use bots to trade it is much more better to do it on your own.
You shouldn't rely too much on bots learning is much more better.
Your knowledge and skill would always be better  because you would only rely on your own.
legendary
Activity: 3094
Merit: 1127
June 05, 2019, 09:23:14 AM
#5
Thank you davis196 for your reply.
Actually, the scalping is exactly why I’m browsing the automated trading. The BTC price change in 24h is around 1,4%, and in last 14 days almost 10%... so in this market conditions there is probably opportunity to make profit on market price changes. I know there are professional bots out there (unfortunately I do not possess programing knowledge), but now I see these drag’n drop platforms, so I was wondering has anyone tried using them…do they work?

Read these threads:

【BOT】 🌟 C.A.T. Cryptocurrency Automatic Trader 5.2 🌟

🔥🔥🔥🔥🔥[GUNBOT] Automatic Crypto Trading Bot - now with BITMEX🔥🔥🔥🔥🔥

margin - Bitcoin Trading Bot: Binance, Coinbase Pro, Bittrex, HitBTC, Bitfinex..

I hope I was helpfull
It is much more better to take this suggestion Op rather than focusing into those links you have posted atleast these Bots are way more popular than to those you had mentioned.

What you mean about needing their own tokens to run?If they do ask out on purchasing up their tokens then its better to avoid i were you.
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
June 05, 2019, 08:38:46 AM
#4
Thank you davis196 for your reply.
Actually, the scalping is exactly why I’m browsing the automated trading. The BTC price change in 24h is around 1,4%, and in last 14 days almost 10%... so in this market conditions there is probably opportunity to make profit on market price changes. I know there are professional bots out there (unfortunately I do not possess programing knowledge), but now I see these drag’n drop platforms, so I was wondering has anyone tried using them…do they work?

Read these threads:

【BOT】 🌟 C.A.T. Cryptocurrency Automatic Trader 5.2 🌟

🔥🔥🔥🔥🔥[GUNBOT] Automatic Crypto Trading Bot - now with BITMEX🔥🔥🔥🔥🔥

margin - Bitcoin Trading Bot: Binance, Coinbase Pro, Bittrex, HitBTC, Bitfinex..

I hope I was helpfull
newbie
Activity: 5
Merit: 0
June 05, 2019, 08:17:48 AM
#3
Thank you davis196 for your reply.
Actually, the scalping is exactly why I’m browsing the automated trading. The BTC price change in 24h is around 1,4%, and in last 14 days almost 10%... so in this market conditions there is probably opportunity to make profit on market price changes. I know there are professional bots out there (unfortunately I do not possess programing knowledge), but now I see these drag’n drop platforms, so I was wondering has anyone tried using them…do they work?
hero member
Activity: 3094
Merit: 929
June 05, 2019, 07:59:49 AM
#2
Hi everyone,

This is my first post…I tried browsing the forum, but couldn’t find info I needed.

Has anyone tried using automated software for trading? I’ve came across to these platforms. They both say they need their tokens to run..honestly I haven’t heard of these tokens before. One of them supports backtesting, and the other one has forward testing as well. What is your experience with this type of trading, or can you recommend something else I should take a look at..

1.   https://kryll.io/ - Supports trading on Binance, Bittrex and Liquid
2.   https://www.dapowerplay.com/services/dpp-platform - Supports trading on Binance, Bittrex, Bitstamp, HitBTC and Tokens

Thanks!

I think that such trading software requires API keys,in order to run properly with the desired platforms.
I've never used autotrading bots,because I don't do short term day trading.If you want to perform day trading and "scalping", some bot that runs 24/7 is mandatory.Otherwise,you don't need such tool
newbie
Activity: 5
Merit: 0
June 05, 2019, 07:21:58 AM
#1
Hi everyone,

This is my first post…I tried browsing the forum, but couldn’t find info I needed.

Has anyone tried using automated software for trading? I’ve came across to these platforms. They both say they need their tokens to run..honestly I haven’t heard of these tokens before. One of them supports backtesting, and the other one has forward testing as well. What is your experience with this type of trading, or can you recommend something else I should take a look at..

1.   https://kryll.io/ - Supports trading on Binance, Bittrex and Liquid
2.   https://www.dapowerplay.com/services/dpp-platform - Supports trading on Binance, Bittrex, Bitstamp, HitBTC and Tokens

Thanks!
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