Do you use a bot for trading? | Bitcointalksearch.org

Cryptopher

legendary

Activity: 1789

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Keep it dense, yeah?

Quote from: JohnBitCo on November 26, 2017, 06:45:01 PM

Quote from: dieselmeister on November 23, 2017, 02:49:53 PM

I dont think you should use the bot for trading. Because trading is a game, if you can't do directly, it is very boring.

Well, people use bot for trading as they might dont have time for trading or they thing their trading skills does not meet the requirements and they just trust on the bot. I did not have a good experience with the trading bot, so i will not recommed using it for trading. I would suggest to gain trading knowledge first and then trade yourself. It will be more secure i think.

I can't see myself ever using a bot to trade - you have to really understand the strategies before putting significant funds at the disposal of a bot. It may be worth testing out a bot with a small deposit of funds, but I'd agree in that understanding fundamentals of trading (particularly in crypto) is critical.

Bots taken from GitHub are often a big no-no. I've seen examples of others putting their trust in bots that they found online, and it ended terribly; perhaps they were just using it incorrectly.

JohnBitCo

sr. member

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Quote from: dieselmeister on November 23, 2017, 02:49:53 PM

I dont think you should use the bot for trading. Because trading is a game, if you can't do directly, it is very boring.

Well, people use bot for trading as they might dont have time for trading or they thing their trading skills does not meet the requirements and they just trust on the bot. I did not have a good experience with the trading bot, so i will not recommed using it for trading. I would suggest to gain trading knowledge first and then trade yourself. It will be more secure i think.

wilwxk

sr. member

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I never will use a bot to manage my trades, specially int the case of bitcoin, because the bot needs more caution than trade myself and if i need stability in my gains, the bot will gain something extremely low.

arunka71

sr. member

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Merit: 257

Take a look at ATP as an example.

What language do you want to use?

bravetheheat

sr. member

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Yes, I am a software engineer and I am planning to design trading robot, but I won't say I am designing a trading robot, since what I want to do is to design an automatical trading system, which may combine several hundreds independent algorithms and robust system that download trading information and utilize multiple market information.

dnsokoljuk

member

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No, I am do not use bot, because don't know how use it. I am watched on the course and placed orders: when price satisfied me - order will work automatically. I think - it usefull and practical

dieselmeister

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I dont think you should use the bot for trading. Because trading is a game, if you can't do directly, it is very boring.

Qunenin

hero member

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Quote from: taxmanmt5 on November 16, 2017, 01:32:56 PM

Quote from: ricardobs on November 16, 2017, 09:09:25 AM

Quote from: nodelover on November 06, 2017, 12:35:17 AM

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

I’m not really into making use of trade bots also, but I have a friend who makes use of it and he claims it makes good trade and profits for him, though I never believed that. He once showed me the trade that was made by his trade bots, that day was really perfect from what I see, but I don’t think things will really be rolling out that way everyday.

For me, it’s better you study your stock and learn everything you possibly need to know about trading, and then trade by yourself. If you also think trade bots are better, well, no one stops you, it’s all your choice, everyone has what works perfect for them.

A trading bot works well for most of the people. I have seen many people earning with the bot in trading.

One must not forget that a bot is only a bot and not a human. There is always a risk on solely relaying on the bot, as anyone day an abnormal movement of the market might not be adjusted by the robot and you could lose all your on the wrong choice taken by your trading bot.

taxmanmt5

legendary

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Quote from: ricardobs on November 16, 2017, 09:09:25 AM

Quote from: nodelover on November 06, 2017, 12:35:17 AM

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

I’m not really into making use of trade bots also, but I have a friend who makes use of it and he claims it makes good trade and profits for him, though I never believed that. He once showed me the trade that was made by his trade bots, that day was really perfect from what I see, but I don’t think things will really be rolling out that way everyday.

For me, it’s better you study your stock and learn everything you possibly need to know about trading, and then trade by yourself. If you also think trade bots are better, well, no one stops you, it’s all your choice, everyone has what works perfect for them.

A trading bot works well for most of the people. I have seen many people earning with the bot in trading.

RealPhotoshoper

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Quote from: Talenter on November 06, 2017, 06:02:58 PM

Why should someone offer a bot if he can use it by himself?
Makes no sense.
Every strategy will fail, if there are to many users.
Your best bot is between your ears and calls brain.

I won't say that is doesn't makes any sense , but it is not effective espevially if you did not know things such as coding . The market won't stay the same move up and down if you set a simple bot.
But it might have different story when you use a complicated bot such as the gunbot that made by gunthar , it has quite a lot people use it .
Don't know how the bot generates you profit but so far there is no overreaction on how the bot did not work nor how it gives them profit . Just make your own conclusion about that.

ricardobs

hero member

Activity: 1204

Merit: 505

Quote from: nodelover on November 06, 2017, 12:35:17 AM

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

I’m not really into making use of trade bots also, but I have a friend who makes use of it and he claims it makes good trade and profits for him, though I never believed that. He once showed me the trade that was made by his trade bots, that day was really perfect from what I see, but I don’t think things will really be rolling out that way everyday.

For me, it’s better you study your stock and learn everything you possibly need to know about trading, and then trade by yourself. If you also think trade bots are better, well, no one stops you, it’s all your choice, everyone has what works perfect for them.

dinoloverpete

full member

Activity: 308

Merit: 105

I have never used a bot and do not have any intention of doing so, they're great for high frequency trading but this isn't really the market for that, I would also never use a bot unless I created it myself or someone I trusted created it.

tobs

full member

Activity: 282

Merit: 100

I have experienced bots personally, however they were more pissing me off, as they were used by other investors on an exchange that I have tried to profit trading on. They were automatically making bids, smaller/higher than the best one by literally cent or a dollar, making it impossible to sell any lower amount of particular coin. This strategy, means that the user actually knew what was doing. I think that well programmed bots could actually turn out to be more efficient than humans, if we take into the consideration the sole mathematical and analytical aspects.

Talenter

newbie

Activity: 30

Merit: 0

Why should someone offer a bot if he can use it by himself?
Makes no sense.
Every strategy will fail, if there are to many users.
Your best bot is between your ears and calls brain.

aldrian09

sr. member

Activity: 308

Merit: 250

No I haven't tried using bot for trading, I do my trade on my own and I want it this way because I want to know more about trading and if I will use bot then I will not learn anything and will depend always with bot.

phpartisanmaster

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Merit: 10

Quote from: Sled on April 11, 2017, 12:31:00 AM

Quote from: Blackdeath on April 10, 2017, 10:17:18 PM

Quote from: justdimin on October 06, 2016, 11:37:20 AM

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

I do not consider on using bot on my trading. Actually your experience is what I thought to happened if I will use bot on my trading. So I doubted it. First If you are going to used bot it means that you will not know if your trading is good or bad because in trading one should know the price in terms on choosing on buying or holding bitcoin. And if you do not now it you may lose rather than to earn. So I found out that the real key to a successful trading is to manage it by yourself and to work hard to earn. So until now I don't consider bot on trading and also do not suggest to other people on trying it. Because it just a huge gamble with a low probability to earn.

That is actually true. Experience is the best teacher for us because it makes us smarter and to do better decision and also trading, if we don't have experience then we urgently need to get those requirement to earn knowledge and earn money when we already have knowledge. Bot are just for people who wants fast income but those people who stick in manual wants slow but bigger income that others.

I agree to that because if you keep using bots on trading then you will not learn, If you always lean on bots to earn profit then you will really not earn experience and you will not think of your own strategy to earn profit.

nodelover

member

Activity: 140

Merit: 30

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Blackdeath on April 10, 2017, 10:17:18 PM

Quote from: justdimin on October 06, 2016, 11:37:20 AM

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

I do not consider on using bot on my trading. Actually your experience is what I thought to happened if I will use bot on my trading. So I doubted it. First If you are going to used bot it means that you will not know if your trading is good or bad because in trading one should know the price in terms on choosing on buying or holding bitcoin. And if you do not now it you may lose rather than to earn. So I found out that the real key to a successful trading is to manage it by yourself and to work hard to earn. So until now I don't consider bot on trading and also do not suggest to other people on trying it. Because it just a huge gamble with a low probability to earn.

That is actually true. Experience is the best teacher for us because it makes us smarter and to do better decision and also trading, if we don't have experience then we urgently need to get those requirement to earn knowledge and earn money when we already have knowledge. Bot are just for people who wants fast income but those people who stick in manual wants slow but bigger income that others.

Blackdeath

sr. member

Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: justdimin on October 06, 2016, 11:37:20 AM

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

I do not consider on using bot on my trading. Actually your experience is what I thought to happened if I will use bot on my trading. So I doubted it. First If you are going to used bot it means that you will not know if your trading is good or bad because in trading one should know the price in terms on choosing on buying or holding bitcoin. And if you do not now it you may lose rather than to earn. So I found out that the real key to a successful trading is to manage it by yourself and to work hard to earn. So until now I don't consider bot on trading and also do not suggest to other people on trying it. Because it just a huge gamble with a low probability to earn.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: raven7886 on April 08, 2017, 03:10:24 AM

Quote from: CODE200 on April 08, 2017, 03:02:38 AM

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

There are some significant advantages of using bots, I like to suggest to check with them. Like bots are capable of analyzing markets round the clock. When we are sure about one trading bots, it will be equivalent to you got some employees to make money for you. But it will not be that much easier to have such bots, but just imagine how it will be good when your are having some people working for you Cheesy

There are few bots in market which will do 90% of your trading works automatically and only final decision will be yours. Once you decide and finalize, it will do the rest of 10% works to get you profits.

Theoretically I think a bot could work. Designing it would be difficult though. You would have to either have a complicated enough algorithm to deal with all the changes and different scenarios or only make it activated for a small subset of cases.

It does sound like an intriguing idea to me. I haven’t been able to make or use one but I think that would be an awesome idea. It would just take a very smart person to deal with all the variables there would be.

Topic: Do you use a bot for trading? (Read 17850 times)