Topic: Can Crypto trading bot beat human intelligence? - page 5. (Read 754 times)

Bot is a great help but it can't ever beat a human intelligence.

Trading bots is a great help for those investors that got their hands full of their jobs, things that they need to be done in that day without looking back at the site or their computer. There are some disadvantages and advantages of bots, here is a link that gives you an information about crypto bots.

https://coinconomist.com/en/trading-robots-advantages-and-disadvantages/

Never ever!

but crypto trading bot will help you once sleeping or away from keyboard/mobile 

Being straight forward advantage using bots is simply not being carried away by  emotions after you selected your desire positions he bot will wait till everything got executed unlike human where adjustment can be done even in the middle of the trade, maybe it can affect in a positive ways though not everyone can perfectly changed decisions and received same outcome, but still human intelligence is reliable than bots where being programmed.

Maybe the bot can beat human intelligence, but I am not sure about that because bot doesn't have a feeling to decide. But a human does have the feeling to calculate every possibility that might happen later so a human can make another solution if something bad happens. I still prefer to choose using with our analysis than to use a bot because the existence of the bot now still in the development and we don't know how accurate the robot to trade. But if the robot can improve his ability to predict more than 40%, then I think the robot can beat human but not in every aspect.

robots are robots, they can never surpass humans who have hearts and minds,
whereas the robot only performs according to the program,
whatever is offered and no matter how beneficial, human analysis remains the best, because the best decisions are based on heart, mind and not on the basis of the program.

Trading bots and artificial intellegence are programmed by the human, thus in my humble opinion it's still human intellegence who's more superior. I'll be impressed if artificial intellegence will be able to program too. Going back to the topic, there are a lot of decision making can be made in trading; making artificial intellegence and beating human intellegence could be challenging can be doable but I think in other terms, not in all terms. For instance, a trading bot with artificial intellegence can trade all day without getting carried away. Human intellegence has a limit in working a day.

This is a very interesting question. Given how artificial intelligence develops, we can say that it can compete with human intelligence. But in this issue I would still prefer a human. Yes, the bot does not give in to emotions, this is an undoubted plus, but only a person will be able to react correctly in some unexpected situation. In any case, the bot cant work without a person and it should be just as an aid, not a complete replacement for a person.

Some bots are really smarter than certain traders. In this case, they can beat their "intelligence". However, finally, only a person decides whether to trade or not. Bots are just helpers - they do everything to give a trader more free time for something less stressful than comparing prices rates and form pairs. I do not see anything bad in these bots - they just help in my work.

Bots are only programmed to perform a defined function. Therefore, it doesn't have the manipulating ability if anything goes wrong or of emergency. Bots are not human being and can't beat the imaginative and spontaneous ability of human being.

It however does many things at same time as programmed though.

It depends on the human that we are comparing. I mean there are humans who are idiots and trading bots can beat that easily, however there are great traders which I think it would be difficult to beat if you ask me. Hence I think depending on the human we are talking about bots could be either amazingly better or much worse but if we are gonna take the average I think it depends on the market.

For example, during a bear market where all is going down I would believe on an average human, not super smart not idiot, however on a bull run I would trust the bot more because bots know how to make money usually, they are good at that, I have seen plenty of bots that are great at that, however when it comes to bear markets not that many bots are good, I haven't even seen one that is good during bear market.

Another way of advertising a website to the forum . Not bad.

Trading Bot is a bot that has been created by people but still, I would rather choose to trade myself because I can adjust into any situations that can happen. The efficiency of trading using human intelligence is higher compare to using trading bot but the main reason why trading bots are created is because to reduce the stress.

The efficiency of a trading bot in terms of execution, cannot be denied and at the same time should not be over-emphasized. Trading bots are been built and designed by humans and as such cannot beat human intelligence. It is even said that trading bots should not be relied upon 100 per cent - as it does what it is been programmed for, considering that the market itself, has its own dynamics.

Unfortunately, many of the trading bots are being used for fake pumping.
In short, it is useful but a misleading tool and will not go beyond the human mind if that mind is an expert.
Sometimes greed is not bad, especially if it is governed by a vision, even if it is bold.
Also, some news and interactions cannot be calculated by bots.

To keep thing simple: doesn't it all depend on how good you are as a trader vs how good the algoritm or bot is?

Not much info or details about the bot or algo's I found on the site so it's hard to say.

Not really if crypto trading bots are actually more profit then no one will exist doing trading manually so what is just to decreased effort after trader but not to give assured profits.Trading bots work like stop loss management in the way we are setting the algorithm for the trade so better stay away from bots especially if you are just a beginner in trading cryptocurrencies.

There are advantages and disadvantages over trading a bot vs human trading. I think it's a big subject all together actually.

For starters, arbitrage is popular in trading crypto, and for that, a bot is certainly better. If you only account for speed, there is no way a human can do it as fast as a bot. In that game, speed is everything. Also, don't forget human emotions get involved.  A trader could easily get into a crypto with the idea of arbing it and then decide to hold on to it a few extra minutes because 'it looks like its going up'. Next think you know, it tumbles and the 1% profit that was meant to be made has turned into a 5% loss.

While its true that there is the human touch involved in trading manually, most traders suffer terribly from making bad decision based on their emotions. Losing trades is inevitable and as humans we find it difficult to accept losses. Although that skill is very much a must to be a good trader.

The biggest pro i see to trading manually is being able to look at a variety of factors. You can look at correlation, how the general sentiment is, and make decisions based on that. The biggest downfall, as suggested above, is that emotions get in the way. This is especially true when a trader has a drawdown or a string of losses that start to really weigh in.

I'm also into this, you can use these bots or any Artificial Intelligence products on trading on just using some indicators in your chart, like momentum indicator, you are not 100% relying on the bot.
For what I also see in the future of Artificial Intelligence in term of trading is really huge, but it is still like comparing a ROBOT to human, there are still some difference, not totally 100%. That's why it is much better to learn with yourself and help our minds become better, and you can use those bots or any AI products just to help you.

I would rather back my own research and findings over what a bot can see when it comes to investing. There are good bots on the market which are pretty stable in generating profit but as an individual, I'd rather look for a long term project to invest in, which would reward me in turn with a bigger chunk of profit.

Human intellectual will always be human intellectual, which is the dominion that God has already given us over some of these things, bot intelligence or artificial intelligence, is it still not product of human intelligence? So you know how powerful human being can be intellectual wise no matter the machine we have.

When it comes to trading of cryptocurrency or Forex trading, human being will always perform much more better than any bot service or artificial intelligence that may have been developed, so I would not really on any bot services that much because they can never perform to optimum as human will, better we learn strategies for trading personally and then always apply it manually even if we have to mix it with bot.

The only real advantage a bot can confer on their users at the moment is probably the speed of execution.If they were really more successful atmaking more intelligent trade decisions, there would have been more traders making use of them, intelligent trade in cryptocurrencies are a combination of both technical and fundamental analysis, news on fundamentals or announcements is not something a bot can easily and promptly analyse