Bot for trading - arbitrage | Bitcointalksearch.org

someone111

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Quote from: AgentZero23 on March 28, 2019, 03:37:16 PM

I've been looking a reliable trading with cheaper fee and some traders are getting profits on bot trading. I have a difficulty in manual trading and having a bot that trades for me would be great. Looking at the comments in this thread, I'm hesitant to try some recommendations and would wait for Jade a product of Dropil. It's also a trading bot and I can't wait for it to be released.

jade is out.

any experiences?

mrdeposit

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Quote from: 24Kt on March 30, 2019, 06:12:13 PM

Quote from: kindbtc on March 30, 2019, 04:30:26 PM

Bots trading can be tricky, if bots can make any profit that is very good but if a bot washes your account then you have no one else to blame other than yourself, i would not use any bots unless i can see verified performance history.

They are programmed by humans in the first place. So their performance will still fall from where it came from. And performance history is a good way to assess if the bot is programmed efficiently. But never tried one yet. Tongue

Human error is main problem in automation industry and automative trading is not exception,unfortunately. Performance rate is depend on the few factors included the proven strategy and arbitrage opportunites.

South Park

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If you are looking for bot then I would suggest never to go with the bots that are available for some BTC. If the bot was that good he/she would never make it public. Also, the one who has created the bot can create a bot to set bets against your bets and use your funds for his profit. I am saying this out of experience. 18 months ago when I was setting up bots. I got in touch with a guy(dont want to disclose his name) he should the results of this and everything was good for about 1 month and the bot was on a net profit. Then his bot took a trade which as against my analysis that was the bet which liquidated one of my account because of the bot.

Do not use those bots which do not have stoploss. Also it is always better to trade on the bots that are tried and tested by you.

I had my bots before as well as I keep improving my bots but, I do not trust on others bot and would never suggest anyone to use others bot. I have set scalping and other bots on Bitmex and Arbitrage bot on Changelly and Coinswitch.

I agree with this, if a bot is really profitable then its creator will have no need to sell it for any price because the only thing that you need is a little bit of capital and you will get more money with your trading bot than whatever you could get for selling it, this is why if you want to use a bot to generate profits you need to at first learn how to trade and be profitable yourself and then you can code your own bot that trades like you with the obvious advantage that the bot will never get tired and can always watch the markets and then take the right decision every time.

ChiNgadOr

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before deciding for BOT.. i would take a really close look..
the bots work via API.. you grant the bot some privileges so they operate in your behalf.. and it depends then on how the bot is coded..
a) escenarios changes, and therefore strategies should be also subjeted to fine tunning, or you can loose instead of earn
b) and what worries me most.. what will happen if the bot can be manipulated remotely by his creator?

24Kt

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Quote from: kindbtc on March 30, 2019, 04:30:26 PM

Bots trading can be tricky, if bots can make any profit that is very good but if a bot washes your account then you have no one else to blame other than yourself, i would not use any bots unless i can see verified performance history.

They are programmed by humans in the first place. So their performance will still fall from where it came from. And performance history is a good way to assess if the bot is programmed efficiently. But never tried one yet. Tongue

kindbtc

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Bots trading can be tricky, if bots can make any profit that is very good but if a bot washes your account then you have no one else to blame other than yourself, i would not use any bots unless i can see verified performance history.

r32godzilla

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Activity: 1361

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Quote from: Reid on March 29, 2019, 05:25:28 PM

How do we know what the hell is that bot?

I doesnt look pricy too you but it will be once 100 users just like you pays the same amount.
He will be having like .01 BTC without even making a sweat.
He just needs to sell that program bot which we dont know could be fake or maybe not.

If I were you I'd be careful doing those kind of trades.

I was also afraid about using zignaly, but after many missed opportunities I tried it. And I do not regret it.
I am not from the team or giving you ref link, it is just my personal experience and it is up to you if you trust me or not.

Reid

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How do we know what the hell is that bot?

I doesnt look pricy too you but it will be once 100 users just like you pays the same amount.
He will be having like .01 BTC without even making a sweat.
He just needs to sell that program bot which we dont know could be fake or maybe not.

If I were you I'd be careful doing those kind of trades.

r32godzilla

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Activity: 1361

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Quote from: coco23 on March 29, 2019, 11:05:58 AM

how do you use this bot exactly? And how do you get your coins in? Do you have to send them to the platform?
I probably wouldn't participate in sth like this as the platform admin can always run away with your coins... Either an opensource bot on my own PC with my own coins (is there even sth like it?) or I would stay away from it...

I have coins stored on Binance and this bot is automatically trading via Binance API.
I am not using stop-loss feature because I believe that one day all trades will end in green numbers.

coco23

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how do you use this bot exactly? And how do you get your coins in? Do you have to send them to the platform?
I probably wouldn't participate in sth like this as the platform admin can always run away with your coins... Either an opensource bot on my own PC with my own coins (is there even sth like it?) or I would stay away from it...

r32godzilla

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Activity: 1361

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Quote from: michellee on March 29, 2019, 03:04:58 AM

Quote from: r32godzilla on March 27, 2019, 05:51:18 PM

There is my result after a week of trading on Zignaly platform (currently free):

I hope that this bot will continue with good results. If someone is interested I can give you more informations.

I tried to register at Zignaly platform, but I confuse on how much the minimum I should have before trading and how to set the bot. Then, I visit the Provider setting, and I see that many of the signals that need to subscribe by monthly, and it's not cheap for me.

But from your image, I see that you are using more than 2 btc as the balance to start with the bot. I think the subscription for Zignaly is not too big because it's only $12/month.

No, I am using only 0.36BTC for it. I am trying it for the first month which is free but I will pay subscription next month because it seems that is really working. But also when you pay Zignaly you should also pay to signals providers. And most of them ask 20usd monthly. So at the end it is not cheap, you are right. Cheesy

Erickan

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I don't know much about bot, but I'm sure that bot are not for all traders. The bot is a tool to automate commands set by the user, thus requiring the trader to have a clear and experienced strategy. I think if not the person who is knowledgeable about bot, we'd better trade manually.

michellee

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Quote from: r32godzilla on March 27, 2019, 05:51:18 PM

There is my result after a week of trading on Zignaly platform (currently free):

I hope that this bot will continue with good results. If someone is interested I can give you more informations.

I tried to register at Zignaly platform, but I confuse on how much the minimum I should have before trading and how to set the bot. Then, I visit the Provider setting, and I see that many of the signals that need to subscribe by monthly, and it's not cheap for me.

But from your image, I see that you are using more than 2 btc as the balance to start with the bot. I think the subscription for Zignaly is not too big because it's only $12/month.

South Park

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I am terrible at Fantasy Football!!!

Quote from: slaman29 on March 20, 2019, 01:46:48 AM

Quote from: Woodstokc on March 19, 2019, 03:15:42 PM

Good day everyone
I just would like to get an opinion about the BOT that by arbitrage mainly, but not only, are able to trade 24/7.
Personally I just try a telegram bot, min invest 0,0001 BTC, the ROI seems to be very profitable, the chat seems to be full of guy whit proof of payment but personally I’m still waiting the minimum time in order to request the withdrawal.

Did anyone of you try to use a bot in a similar way?
What is your opinion about?
Any suggested ‘tested’ bot to share?

It doesn't work. Period.

People confuse bots a lot. Bots make sure your strategies are automated and can trade based on the precise instructions you give to it. So if you identify arbitrage opportunities you can try and use bots to take advantage. But it is a difficult plan. You buy at one place and sell at another, it has to be at the same time and same volumes. And then you still have to account for fees.

Arbitrage can be profitable but it is way harder than what many people imagine, your timing needs to be perfect but there are several drawbacks that are very significant which makes this strategy not as profitable as it may seem at first glance, probably the most important is that you need a huge amount of money to make decent profits with arbitraging and even more importantly if one of the exchanges in which you are trading becomes a scam then you could lose months or even years of effort in a single day.

AgentZero23

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I've been looking a reliable trading with cheaper fee and some traders are getting profits on bot trading. I have a difficulty in manual trading and having a bot that trades for me would be great. Looking at the comments in this thread, I'm hesitant to try some recommendations and would wait for Jade a product of Dropil. It's also a trading bot and I can't wait for it to be released.

icalical

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I have tried several arbitrage platforms and trust me it is not a good idea, the best thing that could happen is you will never get any profit or even you lose. There are many worse possibilities like it end up being an exit scam, or they will use all of your crypto to buy their own token, without your consent. There are many another easy way to arbitrage, you can find some arbitrage tool that analyze the cryptocurrency price in several crypto exchanges market, and it is better than using bot. You still take your own decision.

r32godzilla

hero member

Activity: 1361

Merit: 506

There is my result after a week of trading on Zignaly platform (currently free):

I hope that this bot will continue with good results. If someone is interested I can give you more informations.

Caladonian

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Activity: 1302

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Quote from: slaman29 on March 20, 2019, 01:46:48 AM

Quote from: Woodstokc on March 19, 2019, 03:15:42 PM

Good day everyone
I just would like to get an opinion about the BOT that by arbitrage mainly, but not only, are able to trade 24/7.
Personally I just try a telegram bot, min invest 0,0001 BTC, the ROI seems to be very profitable, the chat seems to be full of guy whit proof of payment but personally I’m still waiting the minimum time in order to request the withdrawal.

Did anyone of you try to use a bot in a similar way?
What is your opinion about?
Any suggested ‘tested’ bot to share?

It doesn't work. Period.

People confuse bots a lot. Bots make sure your strategies are automated and can trade based on the precise instructions you give to it. So if you identify arbitrage opportunities you can try and use bots to take advantage. But it is a difficult plan. You buy at one place and sell at another, it has to be at the same time and same volumes. And then you still have to account for fees.

Understanding those information will give you some hint, bot really helps to find opportunities but still the traders that will assign when the bot will works, there's still knowledge that's needed in order to work things out according to your plans, if you want to take some risk just use spare money
that you can afford to forget, try and test available bots and see it by yourself, in anyhow, there's a perfect one that will suit you and will help you,
you need to continue and allow yourself to take some edge.

r32godzilla

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Activity: 1361

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Quote from: Woodstokc on March 19, 2019, 05:49:30 PM

Could you please give us a feedback about zignaly since you are testing it?

As I said, I was amazed about the results. With the scalping free signals I am making a good profit 1% per trade, but I can give you better feedback afte a month of using.

slaman29

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Quote from: Woodstokc on March 19, 2019, 03:15:42 PM

Good day everyone
I just would like to get an opinion about the BOT that by arbitrage mainly, but not only, are able to trade 24/7.
Personally I just try a telegram bot, min invest 0,0001 BTC, the ROI seems to be very profitable, the chat seems to be full of guy whit proof of payment but personally I’m still waiting the minimum time in order to request the withdrawal.

Did anyone of you try to use a bot in a similar way?
What is your opinion about?
Any suggested ‘tested’ bot to share?

It doesn't work. Period.

People confuse bots a lot. Bots make sure your strategies are automated and can trade based on the precise instructions you give to it. So if you identify arbitrage opportunities you can try and use bots to take advantage. But it is a difficult plan. You buy at one place and sell at another, it has to be at the same time and same volumes. And then you still have to account for fees.

Topic: Bot for trading - arbitrage (Read 369 times)