Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.
Most trading bots can perform simple strategies only and you have to implement your own strategy for bot. However many bot contain virus/ backdoor that can steal your money so you should use open source only.
Topic: best trading bot 2019 - page 2. (Read 826 times)
I used the Zignaly trading bot and crack Gunbot
Be careful about using crack version of Gunbot if it's from unknown sources the Crack gunbot might have a backdoor or any script that can steal your assets.
If you want a free version of trading I recommend you to check Gekko trading bot their official website is here https://gekko.wizb.it/
The only problem from this trading bot they only have few trading strategies but you can add more strategies manually the guide is included from their documentation you can find it from here "Make your own strategy with Gekko"
It must be safe also before using trading bot. Our funds might take away from us. Specially if unknown sources got our keys and assets. In my opinion, it is better to have technical analysis than depend on trading bots. Because in trading your own style, you will not depend on others idea or even bot. You can also improve your portfolio or strategies to gather profits.
Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.
Most trading bots can perform simple strategies only and you have to implement your own strategy for bot. However many bot contain virus/ backdoor that can steal your money so you should use open source only. No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.
Wait what? You don't have anything to do but to press the enter button? So where is the essence of trading on that? where is the risk? I'm not into trading bots, but I like the idea of automatic trading however if it happens that all of us will use a trading bot we will just cause a stability in the market since everyone is on waiting line. "No trading experience required" I think that is rigged, it's like offerring free money to anyone who's interested on looking to that platform which I in my opinion a true good to be true thingy.Yes, that's the case with Neural Networks learning process for the users. We've tried to make everything as simple as possible.
As for "stability in the market and waiting line", it's true if we would've implemented "linear" algorithms based on indicators/chart patterns. When you have only 1 algorithm for a lot of traders it's no doubt it has its liquidity limits.
With Neural Networks it's another case. Each user creates its own custom algorithm via running a learning process. Each algorithm gets its own entry/exit parameters (randomly). Of course, if you running the learning process at the same time on the same historical data set, more likely you'll get pretty similar algorithms.
It's not free money. You have to do your homework. Let me explain:
1/ You have to assess algorithm's historical performance (back-test results)
2/ Even if back-test is positive, there's a certain degree of probability that it'll generate losses in front-test/live trading.
3/ Taking into consideration the aforementioned statement you have to apply risk-management and run "portfolio" strategy. I mean that you have to train 5-10 Neural Netwotks and launch in live trading 5-10 bots based on them.
4/ Every Neural Network-based algorithm has limited lifetime due to ever-changing market. You have to re-learn it or it'll generate "out-of-date signals".
So, risk-management + assessment (which algo and when to re-learn) is completely on user's side.
Neural Networks only generate a decent entry/exit signal in this case.
Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.
I am using a trading platform for algorithmic trading with a visual environment. no need to code, just using smart logical blocks to build fully or partly automated algorithmic trading strategies for any market. It's free in the lab mode to build, test and optimize. to trade on exchanges you need to pay. they have full integration with large exchanges for example Binance, Bittrex and Bitfinex etc. you can check it here www.tslab.pro. 
If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms? I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.
No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.
For anyone on a budget zignaly+tradingview is more than enough. You get to customize your alerts/strategies as you wish and have them executed easily via email signals. You can make it quite complex if you code in pine editor. At this point I'm only paying for basic tradingview plan and it is enjoyable.
I am testing the Bitsgap trading bot for the last 5 months. You can read more about my results here: https://tradingbot.info/category/results/
P.S. I am also willing to launch another bot for the transparent testing, so if you want me to test any service, just leave me a message here.
P.S. I am also willing to launch another bot for the transparent testing, so if you want me to test any service, just leave me a message here.
The bot that you use will not bring real trading profits, but whatever you do trading by the bot is not optimal, I believe that trading with your own hands and doing new things to know that trading requires good skills, not relying on automated bots.
You simply analyze and and see the market movements that occur and that is enough for your trade.
You're right. Trading manually is a lot better as it will be based on the knowledge you have learned from this market and you will know how to manage your assets if a bad case happens. One way or another, the risk from trading with a BOT will be much higher and it may not always be possible to make good money because I have seen many cases of losses when BOT had problems. You simply analyze and and see the market movements that occur and that is enough for your trade.
I've tried various trading bots for stocks and forex back in the day. They were all optimized and backtested and basically they all eventually failed. Many reasons for this.
One reason is that a bot usually works best in a ranging or trending market. So a bot might of worked in 2017 during a bull market but would of not worked so well in 2018 when it traded sideways for many months, same with the first 3 months of 2019. So you won't know in advance what kind of market we are in, whether trending or ranging. If you did you wouldn't need a bot pretty much.
Another reason is that in backtesting you never get slippage. Slippage is very bad in crypto markets due to thin order books, so you might get into a trade way too late or exit way too late. So it might look like a good trade on paper but in real life might look like a loser. You can't backtest real-time markets only forward test them.
Last reason is that if a bot becomes too profitable then too many people will use it and it won't work anymore. This happened to a popular scalping bot back in forex about 5 years ago, basically the brokers knew people used this bot and just traded against them and trapped the bot traders and caused huge losses. Hence if it works, it will work temporarily before too many people use it and it won't work anymore. So basically if you design a bot that works, don't sell it to everybody and just use it yourself.
One reason is that a bot usually works best in a ranging or trending market. So a bot might of worked in 2017 during a bull market but would of not worked so well in 2018 when it traded sideways for many months, same with the first 3 months of 2019. So you won't know in advance what kind of market we are in, whether trending or ranging. If you did you wouldn't need a bot pretty much.
Another reason is that in backtesting you never get slippage. Slippage is very bad in crypto markets due to thin order books, so you might get into a trade way too late or exit way too late. So it might look like a good trade on paper but in real life might look like a loser. You can't backtest real-time markets only forward test them.
Last reason is that if a bot becomes too profitable then too many people will use it and it won't work anymore. This happened to a popular scalping bot back in forex about 5 years ago, basically the brokers knew people used this bot and just traded against them and trapped the bot traders and caused huge losses. Hence if it works, it will work temporarily before too many people use it and it won't work anymore. So basically if you design a bot that works, don't sell it to everybody and just use it yourself.
If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms? I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.
No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.
That's true. I've seen implementation of AI/Neural networks /machine learning trading bots. The only problem is that, the current bot providers don't update their data/training models and at such, these bots become sub-par and limited, most times leading to more losses than gains since the mark3is continously changing. AI based bots would be a success but most are poorly maintained at the moment.
I think this problem could be solved by putting learning mechanics on the users' side so they can run re-learning process of their Neural Network-based algorithms. This is how we've solved this issue so far.
If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms? I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.
That's true. I've seen implementation of AI/Neural networks /machine learning trading bots. The only problem is that, the current bot providers don't update their data/training models and at such, these bots become sub-par and limited, most times leading to more losses than gains since the mark3is continously changing. AI based bots would be a success but most are poorly maintained at the moment.
I think this problem could be solved by putting learning mechanics on the users' side so they can run re-learning process of their Neural Network-based algorithms. This is how we've solved this issue so far.
If you want to learn about bots I can say that most bots for sale can only process a few simple orders, all important decisions are made by the traders themselves.
If you are looking for a bot that can make a decision and make a profit, I think you will be disappointed, there is no such bot for sale. Because if anyone has a good trading Bot they will not sell it but they will use it to get rich.
If you are looking for a bot that can make a decision and make a profit, I think you will be disappointed, there is no such bot for sale. Because if anyone has a good trading Bot they will not sell it but they will use it to get rich.
The bot that you use will not bring real trading profits, but whatever you do trading by the bot is not optimal, I believe that trading with your own hands and doing new things to know that trading requires good skills, not relying on automated bots.
You simply analyze and and see the market movements that occur and that is enough for your trade.
You simply analyze and and see the market movements that occur and that is enough for your trade.
You should leave trading bot before too late, there's no guarantee your money will come back. Bot is easy to use but you need to know market in real field. Do by yourself your performance will increase and no one can stop you to get bigger profit. I can't suggest any bot but trust me, leave the bot now.
I completely disagree, bots are really helpful but dont relly on these. It will make you easier you work in trading and helping you to watch the market in a correct setting in bot and probably you can gain a massive earning to it. I personally used Gunbot but this is not my suggestion for you just research your own bot and which exchange site it is applicable. Here is the link and review of all bots and the corresponding exchange which are effectively used, https://www.finder.com/cryptocurrency-trading-bots. 
What are you actually looking for in a trading bot? And what are the bots that you've used so far? As well as what were the things you disliked in those trading bots you've used so far? There are quite a few easy to find bots in the net like gun bot, gekko bot, kryll and such.
And after saying all that, imma just turn it around with me advising that you stop using them. It provides close to zero guarantee that your funds can be managed properly 24/7 365 a year. You also wouldn't get to study movements closely because of it.
And after saying all that, imma just turn it around with me advising that you stop using them. It provides close to zero guarantee that your funds can be managed properly 24/7 365 a year. You also wouldn't get to study movements closely because of it.
You should leave trading bot before too late, there's no guarantee your money will come back. Bot is easy to use but you need to know market in real field. Do by yourself your performance will increase and no one can stop you to get bigger profit. I can't suggest any bot but trust me, leave the bot now.
Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.
Gunbot is pretty much popular in terms of feedback. But why do you need to use a bot for trading? Bots have good uses but they are not better than humans. If you have a good knowledge on trading, it is best not to use a bot. Well, if your time allows you to trade spot on you better be developing your trading skills and rely on it rather than on a less intelligent bot.
Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.
It is very strange that I do not see many people posting their profits and successes with these trading bots, it seems that the results are not very good. You said you used some of these bots, what was the percentage of your profits? and have you tried to trade without using these bots? If you have already traded without using these bots, what was the percentage of profits without using these bots?
If trading uses bots then there is no skill for OP and only relies on bots and the percentage is not very good, I'm sure there are a lot of manual trading done by experts and beginners so you are a challenge for us to be able to learn technical analysis in trading so in my opinion bot will not be maximal in the percentage that the OP gets.
Jump to: