Can Crypto trading bot beat human intelligence? - page 2.

Kittygalore

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Quote from: AppliedOptimal on August 16, 2019, 03:43:43 PM

Trading bots help in executing the trades automatically and they use algorithms to detect trends of the market, on the basis of that you can execute the trades.
One of the benefits of bots is they trade based on analysis rather than emotions to avoid panic buying and selling as bots are not influenced by the psychology of a trader.
Artificial intelligence and Machine learning help bots to constantly develop and evolve, but what I think is there is a long way to go to beat human intellect. Human touch is very significant as a good trader can feel for the markets. If something unexpected is happening in the market then humans can adjust the trading plan accordingly, where the bot will run on the rules that are set. Recently one of my friends introduced me to a trading tool named SmartBotCoin.io. I haven’t used this tool but bots or tools can still be helpful in some part of trading so I decided to check out the features on their website look good. I have seen many potential scams in trading tool category, so I want to be sure before using any crypto trading tool. Do you think it's worth trading on this tool?

"Bots trade based on analysis rather than emotions"
this was the most interersting parrt in this new advanccement which works like an AI

wambowambo

newbie

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definitely yes, because not all traders are good traders so I can say that Bot trader can also beat humans in terms of trading. But if they study well how to trade very carefully and safely, maybe I can say that It can't.

Twibit

newbie

Activity: 15

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I don't think so. Beating human intelligence is kinda impossible no matter how you make your bot so perfect. Still bot is being created by a human.

GlobalMilk99

newbie

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If you have more time and want to try using bot, I recommend you to use both of them to see if which is more preferable to you. But I think it’s better if you learn and use manual trading to be safer.

Mehr Sher

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I think some people who says yes have no clue at all. A bot is as good as the person who created it, so I just can’t think of calling a bot better than human’s mind. It’s a human who created it so it’s only human that’s better! But yeah, I do think bots especially Crypto Bots can be useful for traders but only if it’s right one selected. If our option is not right, I just don’t think it will help us much at all, so that’s where we have to be extremely careful with how we go.

Hypnosis00

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Quote from: bustedsynx on August 26, 2019, 05:54:20 AM

A big nope. Trading bots are okay if you are trading in a small range or the volatility is small. But when there is a trend emerging or volatility is getting strong, your bot can only interpret signals from indicators which often than not give out false signals. A cross may not be a reversal, it may cross back.

This is could be preferable to those who are busy with their job and wants to trade 24/7. Bots have its own understanding by the use of signal indicator but it could be hard on the most critical situation.
Would like to try using bot but it gives me some doubts about how really it becomes effective rather than to stick in manual trading.

bustedsynx

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A big nope. Trading bots are okay if you are trading in a small range or the volatility is small. But when there is a trend emerging or volatility is getting strong, your bot can only interpret signals from indicators which often than not give out false signals. A cross may not be a reversal, it may cross back.

Golftech

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Quote from: jeraldskie11 on August 26, 2019, 05:19:57 AM

You have a point that the trading bot is better than human because like what you have said, bot does not have emotion which is important for the trading. But trading bot can't all beat human intelligence, many Professional traders who don't use bot. They will earn may bigger than what they have expected base on their prediction not by a programmed bot. The main advantage of using bot is make you relax because the bot will trade for you.

And that's the very point as human knowledge is progressive while bots are just relying with how the programmers will place the code and make them useful. Many people have their own opinions though they all have same goals. Maximizing profits will depend from how you understand the process, with or without a bot traders act will pay a lot of influence, it will be the deciding factor.

Bots do updates, but human always makes the better change. It will never replace humans even though how modern or how advance the technology nowadays.

jeraldskie11

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You have a point that the trading bot is better than human because like what you have said, bot does not have emotion which is important for the trading. But trading bot can't all beat human intelligence, many Professional traders who don't use bot. They will earn may bigger than what they have expected base on their prediction not by a programmed bot. The main advantage of using bot is make you relax because the bot will trade for you.

lixer

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Quote from: michellee on August 23, 2019, 07:50:10 PM

Quote from: doedz on August 22, 2019, 06:45:52 PM

The role of bots in trading only represents human analysis, bots do not work automatically in trading.
Humans have a role in determining the sell and buy area and the bot executes the order, so it is not true if the bot will master human thinking in trading.

Yes, the bots still following the setting from us, and it will work as what we want. But if the situations change, I don't think the bots will change the strategies because we need to reset the strategies to work properly related to the situations. Sometimes, I think it's very good if we can adjust the bots to follow the market situations, but then I realize that the bots are not yet growing like what we want. So there will be a miscommunication between the bots and us if we don't set it with the right.

Both are quite good for trading , but they cannot be completely relied on no matter how well the creator of the BOT polished the image of the bot, I remember when I was using bot for Forex trading, I was actually lucky too to get a bot from a reputable company, which I used for a very long time running into months, it was at the point that I completely relied on the bot that it failed my like three times, it was then that I realize that no matter how good the bot is, human will always be human when it comes to something.

They only follow the strategy that has been programmed for them, but we can decide to change our own strategy at any time when we feel that one is not so much working for us. We can rely on bot but not completely rely on them.

Arkann

full member

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Since the trading bot works only according to the predefined settings, there are no grounds for using it today. The fact is that today the cryptocurrency market is even more depressing, in my opinion, than ever. I think that no trading bot can cope with its task in the current period.

bounceback

sr. member

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Vave.com - Crypto Casino

Quote from: jhonjhon on August 23, 2019, 06:32:06 PM

Bots maybe brilliant but it will never beat the intelligence of the human mind because bots works based on algorithms set up in them which are made by humans/people. Bots are made from the intelligence of the human minds thus, it can't be comparable and bots have limitations since it is only programmed unlike the human mind that can change strategies in a glimpse of an eye for better trading decisions.

I completely agree, but there are some things related to the accuracy based on emotions in humans that often end in error, even suddenly changing the analysis that ends fatally.

Bot does not apply like that because it runs precisely in accordance with the settings. Only bad things happen if the market conditions are extreme and not in accordance with the previously set bot. I put more emphasis on manual trading and just need to be more consistent in every market condition.

michellee

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Quote from: doedz on August 22, 2019, 06:45:52 PM

The role of bots in trading only represents human analysis, bots do not work automatically in trading.
Humans have a role in determining the sell and buy area and the bot executes the order, so it is not true if the bot will master human thinking in trading.

Yes, the bots still following the setting from us, and it will work as what we want. But if the situations change, I don't think the bots will change the strategies because we need to reset the strategies to work properly related to the situations. Sometimes, I think it's very good if we can adjust the bots to follow the market situations, but then I realize that the bots are not yet growing like what we want. So there will be a miscommunication between the bots and us if we don't set it with the right.

jhonjhon

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Bots maybe brilliant but it will never beat the intelligence of the human mind because bots works based on algorithms set up in them which are made by humans/people. Bots are made from the intelligence of the human minds thus, it can't be comparable and bots have limitations since it is only programmed unlike the human mind that can change strategies in a glimpse of an eye for better trading decisions.

The Cryptovator

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Signature space for rent

Its seems to me that you are trying to promote your friend's bot indirectly. However, for me bot could not be more intelligence than human. Bot could work as per human instruction, nothing could do anything by itself. Perhaps bot could make profitable trade but it doesn't proof bot is more intelligence from humans. Personally I had not used bot ever for crypto-currency trading and likely will never use it on future. Because I believe bot isn't intelligence from me.

GoldSpectre

newbie

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Like OP mention , Trading bots help in executing the trades automatically and they use algorithms to detect trends of the market, on the basis of that you can execute the trades . The biggest factor for me is that fear of making costly mistake . At very lest Trading bots can help minimize the mistake

pawanjain

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Nothing lasts forever

Bots are designed by humans. Hence proved that human intelligence is superior to artificial intelligence. Coming to the trading part.
Bots can really help a lot when it comes to trading since it has the capabilities to automatically execute a trade with efficiency.
Bots helps us by saving us the time and effort but it will never beat the human intelligence.

imstillthebest

full member

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those trading bots are i think smarter than a person that does not know how to trade properly but the inventors of those bots are still smarter than them . so far i dont see any scams on the bot category because they are only tools and they cannot bring you substanial profits but yeah this bots are robots and they dont have any emotions whatsoever . i think they can trade efficiently than compare to us humans . bots are really worth it imo

breathlessz

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Trphy.io

I think human intelligence is better than bot. we see that those who are successful in trading usually do not use bots for trading. they value their thinking more privately in managing their funds, there are even stories to create basements to be able to communicate with the market without any outside influence. and the result was he succeeded

Salauddin1994

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The bot just help you but can not work properly There is something here that they can do no other than people, You can only use it as your helper because many people have lost here with little capital Before that really need to know how to handle it you do not know how to handle you can get into a lot of problems..

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