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Topic: Bots, AI Bots or signals? - page 2. (Read 773 times)

hero member
Activity: 1274
Merit: 516
November 08, 2018, 06:40:32 AM
#35
The best one of course is trade and learn by yourself, if you just beginner dont try bots, because it's a bit hard to set the bot, signal group is recommended for beginner as a reference to learn, so you can learn from signal group the indicators that they used and what is the reason behind their speculation, but in the end you need to do the trading by yourself
jr. member
Activity: 48
Merit: 1
17 y/o coder
November 08, 2018, 03:18:05 AM
#34
Okay, okay guys  Grin. It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading.  Cry

For me 3-4 years is just for day trading. For doing long term trading I need couple months of failing learning will really improve your decisions. After 6 months of trading I think you will be kind of a trader. You won‘t make the most amazing decisions and catch everything but I think you will learn what to look for and what not.
sr. member
Activity: 1680
Merit: 259
November 05, 2018, 05:03:17 AM
#33
Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.

My advice is leave bot, never use it. This time, we know many bots already release with " magic " software/ tools to make profit but only for beginning. By the time you'll realize your asset already dump into the bottom. Market is not mathematics ( theory ) but also include psychology that bot doesn't have. You need to practice with disciplines not bots. 
full member
Activity: 532
Merit: 170
November 05, 2018, 04:02:44 AM
#32
Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.

You can't do that without the knowledge and insight in crypto trading,
it's not like when you trade in forex or something. in essence, knowledge, experience and analysts are a must that traders have.
copper member
Activity: 280
Merit: 1
November 05, 2018, 03:35:31 AM
#31
Personally I do not always subscribe anything that appears as the easy way out or lazy approach, it maybe be working for some but I have not often been successful with such. Whenever I hear bots, I imagine it to to a remote control that can run out of battery anytime, have tried following some signal channels too but noticed some of those signal channels do not even trade those signals the throw. Made quite some losses with them also. In all, it is always better to learn and do it yourself. It is the hard way to go but pays better at last
legendary
Activity: 1806
Merit: 1521
November 04, 2018, 05:34:11 PM
#30
Okay, thank you very much, I will take a look on your overview.
I am going to start learning about the trading. Do you think that there is any diffrence between classic forex trading and crypto trading (if you consider strategies)? Because crypto market is more volatile right?

There's no major difference between crypto trading and forex trading. In an absolute sense, forex is definitely less volatile, but forex traders account for this by using increased leverage. In terms of price action and TA, they are very much the same. That's because price action in all markets is determined by market psychology and supply/demand. There's nothing that makes crypto markets fundamentally different from other markets. Most of the tutorials I read early on were focused on trading stocks or forex.
full member
Activity: 476
Merit: 105
November 04, 2018, 11:00:43 AM
#29
If you know some Python programming I'd suggest you to make your own so even if you will fail with it at least you will teach something . I won't recommend you to put money in a bot that you don't know how it works
the Op will still need to learn how the crypto trading works to code properly you cannot write any program without the basic knowledge of the desired output, for Bots Op whether it is a paid or free version always be wary from viruses inside their programs, some of them might be infested with it some of them might not be working properly for a certain exchange or you need to calibrate the program a bit to work and see some good results that will force you to study the interface.
jr. member
Activity: 31
Merit: 2
November 04, 2018, 10:13:18 AM
#28
i would suggest u to learn cryptocurrencies trading and then start learning to trade on youtube and trade never fall in signals and bots u may lose ur crypto trading account forever
full member
Activity: 896
Merit: 102
November 04, 2018, 07:44:52 AM
#27
The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition. Smiley
Yeah, but I still do not understand why there is no bot, which is able do these things: candlestick analysis, chart patterns, trend trading and breakout trading?
Because these things are the real signals, right? But why there is a problem with creating a bot which will recognize these signals for us?

It is possible, and there are plenty of bots that do this. They can definitely be used to implement candlestick and indicator strategies. But this does you no good if you don't understand how to build a profitable strategy yourself.

If you just run the default strategies, they usually won't be profitable because if everyone is running the same bot parameters, they cannibalize each other and lose their edge over the market. This is one reason why bots in "paper trading" mode can look profitable, but in "real trading" mode will lose money. In "real trading" mode your bot has to fight the market for limited liquidity. I also find that successfully using TA has a significant visual element. It requires a trader to recognize confluences of different factors. I find this extremely difficult to translate purely into numbers and code.

If you're really interested in bots, there's a decent overview of available crypto-trading bots here. But I would really stress the importance of learning technical/price analysis before using a bot. Bots are for advanced traders, not inexperienced traders looking for passive income.
Okay, thank you very much, I will take a look on your overview.
I am going to start learning about the trading. Do you think that there is any diffrence between classic forex trading and crypto trading (if you consider strategies)? Because crypto market is more volatile right?
legendary
Activity: 1806
Merit: 1521
November 03, 2018, 05:22:02 PM
#26
The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition. Smiley
Yeah, but I still do not understand why there is no bot, which is able do these things: candlestick analysis, chart patterns, trend trading and breakout trading?
Because these things are the real signals, right? But why there is a problem with creating a bot which will recognize these signals for us?

It is possible, and there are plenty of bots that do this. They can definitely be used to implement candlestick and indicator strategies. But this does you no good if you don't understand how to build a profitable strategy yourself.

If you just run the default strategies, they usually won't be profitable because if everyone is running the same bot parameters, they cannibalize each other and lose their edge over the market. This is one reason why bots in "paper trading" mode can look profitable, but in "real trading" mode will lose money. In "real trading" mode your bot has to fight the market for limited liquidity. I also find that successfully using TA has a significant visual element. It requires a trader to recognize confluences of different factors. I find this extremely difficult to translate purely into numbers and code.

If you're really interested in bots, there's a decent overview of available crypto-trading bots here. But I would really stress the importance of learning technical/price analysis before using a bot. Bots are for advanced traders, not inexperienced traders looking for passive income.
full member
Activity: 896
Merit: 102
November 03, 2018, 07:26:03 AM
#25
Okay, okay guys  Grin. It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading.  Cry

The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition. Smiley
Yeah, but I still do not understand why there is no bot, which is able do these things: candlestick analysis, chart patterns, trend trading and breakout trading?
Because these things are the real signals, right? But why there is a problem with creating a bot which will recognize these signals for us?
newbie
Activity: 85
Merit: 0
November 02, 2018, 05:40:12 PM
#24
... I have heard that you have to learn about 3-4 years before you start trading.  Cry

That's right. Sorry to say, but there is no "get rich quick" solution with cryptocurrencies.

Yes, it's possible to make a profit by trading. But just like in the regulated world of fiat currencies and stock exchanges, the people who make profit are those who put in the time and effort to become professional at it. You can't expect that there will be some magic bot or signal that gives you unlimited profit guarantees.

Having said that, I would concur with what many people have said here, and recommend that you start manual trading before using bots. If you're really interested in learning how to make a profit through trading, you need experience that you'll only get by manual trading while studying the advice of others. After doing this for long enough, you'll develop some expertise that you can then apply to finding the right bots or signals that assist your own trading strategy.

Good luck with it!
full member
Activity: 812
Merit: 100
November 02, 2018, 05:34:38 PM
#23
Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.
I think using bots is not easy because some not know how to do that and I think few people know how the strategy of a bot to trade. Much better that you are the one who will trade not a bot because I think it may bring you to a big lose.
legendary
Activity: 1806
Merit: 1521
November 02, 2018, 05:11:02 PM
#22
Okay, okay guys  Grin. It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading.  Cry

The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition. Smiley
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
November 02, 2018, 04:54:44 PM
#21
Do you have some good experience with some bots?

Nope

Could you kindly recommend me some?

here at bitcointalk there are some, but you should ask yourself:

if the bots are very good, why would bot creators sell their bots?

Are there some fully automatic trading bots that are trading and earning without any knowledge?

I do not see people posting their profits from trade made by their bots, so it's very hard to know, but I've seen a lot of people complaining about bots

And what about signals?

do not believe it, this would be a big mistake and waste of time and money

I thought someone here, who is selling signals from 400 channels.

do not buy

learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading.  Cry

Dude, practice with small amounts and watch videos on youtube about trade
full member
Activity: 896
Merit: 102
November 02, 2018, 01:54:53 PM
#20
Okay, okay guys  Grin. It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading.  Cry
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
November 01, 2018, 09:01:31 PM
#19
Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
There are definitely bots that trade on their own without any input from the trader. But are they consistent and stable in terms of profit? Most likely not the case. Some good traders just use bots to automate a good amount of their work, but it doesn't mean they just turn on the bot and sit around watching movies with a bag of Doritos. The good ones frequently update their bot's algorithm to do better, depending on a lot of circumstances.

And what about signals? I thought someone here, who is selling signals from 400 channels.
If you want to waste your money, then sure.
Are you 100% sure?
Maybe I will stop thinking about buying signals, a lot of people here have a negative opinion about that.
Thank you for your opinions guys!

Think about it. Would people be giving out "signals" if there's nothing up for them? They're pretty much there to only make money off you.

You want to do trading, learn technical analysis. There's no other way around it. Or maybe you want to play roulette instead by gambling on random crapcoins.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
November 01, 2018, 08:46:38 PM
#18
I've never had good results from signal groups, as most of them are just pump-and-dump groups as mentioned above in this thread, and it does take some experience to configure bots for best results. Bots do work, but it's not as easy as it seems and configuring bots is a whole 'nother game compared to simply trading manually, and it does take a pretty hefty initial investment to even get a basic bot license, though prices differ depending on what bot you purchase. Not really worth it in the end to trade with a bot IMO, with all the maintenance that is required on the bot itself- and even after all that, you're gaining relatively small profits.
legendary
Activity: 1652
Merit: 1483
November 01, 2018, 08:43:52 PM
#17
Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?

i'm big on manual trading myself. the way most newbies view bot trading is too good to be true. you can't just set it and forget it. successful bot trading requires you to constantly tweak parameters based on trading conditions. and you need to be vigilant because programming errors can easily cause bot malfunctions that can blow up your account.

a trader friend of mine (also a coder) told me he would never trust a bot he didn't code himself. you certainly want to stay away from closed-source bots.

And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.

you're better off learning TA and generating your own signals. paid signal services are a ripoff. if the people running them were successful traders, they wouldn't be nickel and diming with paid signals.

the only paid tool i think is worth buying is "SCMR trends" by SPYderCrusher. it's an indicator set that works on tradingview. it generates useful signals that basically tell you when to pay attention---potential reversal bars, high volume bars, etc. it also helps you find good stop/target levels.
member
Activity: 446
Merit: 12
BitbondSTO.com | Germany’s First STO
November 01, 2018, 07:14:54 PM
#16
Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.

trading is not an easy thing, not just following signals and cheap bots. if you only profit, it only happens at first, try to learn from the website or youtube, lots of tutorials there, or in this forum. if you depend on bots or signals like that, it will only benefit the owner of the channel, even though they have many members
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