Do crypto trading bots really generate profits? - page 3.

$Andreyka$

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Quote from: scottii on July 29, 2019, 12:16:16 PM

It really depends on how the traders are building strategies while trading. It depends on the taste of trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

Until you check, you won’t know! You can test it on a small amount. You need to remember that not bots make a profit, but those who set them up. A bot is just a set of algorithms. You need to have a profitable strategy and make a bot for it, otherwise you will fail.

DU18

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It is very risky to trust bots to trade because from the experience of some of my friends who lost their money on the exchange because they could not make withdrawals to their personal wallet, although using bots is quite efficient in trading, we must remember if trading bots are not suitable if you look for passive income. Getting the right results from such software takes time and effort - and often involves testing strategies on historical data to see how certain trades will succeed.
But if there is just a little data error, then you can be sure you will lose your money quickly.

aces777

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Man, I was once stupid for thinking that trading bots are a good way to generate profits. They are not really. A total waste of time and effort. I have seen a lot of other reviews from people that totally say that bots are no good if you truly want to make some earnings. Except their systems or method of operation gets upgraded, they are not it at all.

Mr. Spasybo

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I don't think trading bots are a good idea to make a profit in mining because of their limited collection and analysis of information from the market. Bots should only be used under certain conditions and for a short period of time, like a crypto buying/selling tool by a number of criteria.

Javi_Anibarro

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Quote from: ardentvolcanoes on September 29, 2019, 11:52:40 AM

Quote from: lobo13hf on September 29, 2019, 10:52:09 AM

Quote from: ?? on ??

I am skeptical about trading with a bot in the cryptographic market. Too much volatility and big risks. My friend trades using a bot, but in the forex market.

It's not much different compared with forex. Im feeling the opposite thing. Some members have already posted their testimony by used trading bots but always remember the best time to trade. It's true if the bot can't be used when the market is really volatile just like if there was a big flash dump to the market and the bot just try to follow what we have already input to the software as a command where's the rate to buy and sell.

Bot still depending from the users understanding of the market situations, it's usable when you already have a good skills pointing your position according to your knowledge. Every time the bot being use it will follow whatever program you input inside the system, it will generate if your assessment is correct. Your market anticipation will be the defining factors in programming your bot to be more usable.

No matter how good you are and no matter how brilliant your strategy is, in the face of the Bot. Everything is nothing, Bot is created to make a volume not to make a profit.
even if you are accidentally making a profit, it does not mean the bot is created to make a profit.
the most basic understanding of Bot is execute. It is executing the program and the code sources, it runs linearly. On the other hand, the market is constantly moving.
from this, we can see the bot is destined to be a tool just to make a volume or execute a specific order. If you think the Bot is your money maker, you are completely wrong.

ardentvolcanoes

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Quote from: lobo13hf on September 29, 2019, 10:52:09 AM

Quote from: ?? on ??

I am skeptical about trading with a bot in the cryptographic market. Too much volatility and big risks. My friend trades using a bot, but in the forex market.

It's not much different compared with forex. Im feeling the opposite thing. Some members have already posted their testimony by used trading bots but always remember the best time to trade. It's true if the bot can't be used when the market is really volatile just like if there was a big flash dump to the market and the bot just try to follow what we have already input to the software as a command where's the rate to buy and sell.

Bot still depending from the users understanding of the market situations, it's usable when you already have a good skills pointing your position according to your knowledge. Every time the bot being use it will follow whatever program you input inside the system, it will generate if your assessment is correct. Your market anticipation will be the defining factors in programming your bot to be more usable.

nutriagrigia

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Quote from: ariyzt on September 29, 2019, 11:15:57 AM

its little help for someone that can't do trade for long times, but sometimes it can be dangerous whenever you can't monitor your bot. Many case prove that bot can't be perfect work , it can be error and make you lost big money

Now on cryptocurrency bots, the biggest problem is while we all see the dump that the bot can just leave you in an indefinite position and you don't know for how long

ariyzt

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its little help for someone that can't do trade for long times, but sometimes it can be dangerous whenever you can't monitor your bot. Many case prove that bot can't be perfect work , it can be error and make you lost big money

lobo13hf

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Quote from: ?? on ??

I am skeptical about trading with a bot in the cryptographic market. Too much volatility and big risks. My friend trades using a bot, but in the forex market.

It's not much different compared with forex. Im feeling the opposite thing. Some members have already posted their testimony by used trading bots but always remember the best time to trade. It's true if the bot can't be used when the market is really volatile just like if there was a big flash dump to the market and the bot just try to follow what we have already input to the software as a command where's the rate to buy and sell.

UniversityCoin

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I only once used a trading bot, which was provided for use by the exchange itself. And it didn't give me a good experience. After I lost another $ 300, I stopped using it for trading. I have no other experience in using bots.

retnoanjani

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using a trading bot has advantages and disadvantages. One of the advantages is that it can work 24/7 nonstop, a very difficult thing for humans to do, is not affected by emotions and only needs to regulate take profit and stop loss. Of course, bot quality is very influential. That is why additional costs are needed for procurement and bot maintenance. Another disadvantage is that the bot cannot adjust to certain market conditions. It would be wise if you study carefully the use of this bot, because basically the cryptocurrency market is easy to change and unpredictable.

mickey_miner

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Quote from: scottii on July 29, 2019, 12:16:16 PM

It really depends on how the traders are building strategies while trading. It depends on the taste of trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

I believe that no one will give you a bot that will make money. If he's making money, why sell him?

bitcoinst

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I dealt with many different bots that promised constant profit and minimal risks. Needless to say, all these bots were able to work no more than 3 months after which they poured the deposits of their investors.
I think if there is such a working automated bot, no one will sell it to you.

ganeshramk

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Quote from: kindbtc on July 29, 2019, 02:11:13 PM

As far as i have experienced they make profit in relatively slow or ranging market only during high volatility they make loss trades and in the end investor has to either switch it off or loose all his money, so personally im not a fan of bots.

I kind of agree with this statement even though I heard lots of negative news only especially crypto markets are swinging heavily.

MMA Rats

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It is better not to use a bot to automatically trade, because you have to pay for it and many people write that such bots do not bring profit

nreal

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I agree with you that the current bot trade still depends on the strategy of its users. What I am concerned about is that in the future when artificial intelligence develops strong enough, whether humans can prevail with machines in trading, I hope humans are still the main factor.

Samayuki

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Quote from: scottii on July 29, 2019, 12:16:16 PM

It really depends on how the traders are building strategies while trading. It depends on the taste of trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

Is it just me or ? i haven't have good luck with anything bot trading, no matter what i get frustrated using trading bots and in the end i always get rid of them, the old version trading way is better and encouraging, you will get better that way instead of relying on trading bots

rdluffy

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You know, I already tried a lot of bots, free and paids, and I can gain more money with my experience than with the bots

And I'm not a experienced trader, I just follow some trends and it's not so hard to guess if BTC will increase or decrease in price

Bonwin

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Some trading bots are just mere demo. Which means they will not be able to perform the needed function. What amazes me, is that, some people still go about selling them to those who do not know much about it and later discover its not working for its main purpose.
We need to be careful when paying for such services. If possible, you should contact experts, to be sure you are using the right one.

MaiQwaN

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If you have any successful trading strategy that has already been tested by time and for a long time brings you tangible income, then in this case you can create a trading bot. This bot, created specifically on the basis of your experience, can only facilitate your daily work. But it cannot guarantee you success all the time.

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