Do you use a bot for trading? - page 13.

dunfida

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Quote from: n691309 on October 24, 2016, 03:20:39 AM

Quote from: leero9 on October 06, 2016, 08:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have never used a bot and was never interested in trading bots because you should be a very good developer (if they offer the source code of the bot of course) and understand how the bot works because that bot can lose our funds by pumping or dumping the price of the coin we want to trade

Using bots are just like you are automating your trades when you are not around but it doesnt even guarantee you to make succesful trades with it. There are some who would use it for convenience but its better for me to do it manually.

n691309

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Quote from: leero9 on October 06, 2016, 08:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have never used a bot and was never interested in trading bots because you should be a very good developer (if they offer the source code of the bot of course) and understand how the bot works because that bot can lose our funds by pumping or dumping the price of the coin we want to trade

goldcoinminer

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Quote from: Mr.grin on October 23, 2016, 10:51:43 AM

Well, I did not use to play trading bot, because I think it is very harmful and unpleasant. I better use it alone to play trading, because it can train me to become more intense in analyzing a coin prices, and it will enhance my ability and experience.

I cannot use it as well as I am trading with a serious money, by using bot you are like using system and since in trading price is unpredictable your system would not work overtime, so I am trading using my heart and my mind and whatever the outcome I am willing to accept and be happy with it as I know I did my best.

Mr.grin

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Well, I did not use to play trading bot, because I think it is very harmful and unpleasant. I better use it alone to play trading, because it can train me to become more intense in analyzing a coin prices, and it will enhance my ability and experience.

BitcoinPC

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Well, i am not using the bot of trading, and i am not saying that i am not doing trading, i do trading, but litter bit, recently, i realize gambling is suitable for me than trading, because last 3 months i could not make profit from it, and trading need time and patience. Now i change my way and i choice gambling instead of trading.

FLoving

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Quote from: Colt22 on October 16, 2016, 07:00:49 AM

Quote from: dunfida on October 16, 2016, 01:54:41 AM

Quote from: nindie on October 16, 2016, 12:51:46 AM

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

True, if theres a bot that would usually give you income on doing trades i would not tend to sell it after all and i would spoil it to get maximum profits. Bots are just guides and just doing automated trading and wont really guarantee you to make profits on the long run.

You are right it will not guarantee for a verified trade for us and will not make us successful in any trade there occur a lot of tragedies in altcoins which the bots are unable to handle. but in normal situation it may work.

it maybe not useful for some people to use bot for trade but there are a number of people who are getting benefited with their bots on their exchange and they do not have to do any hard work for trading on those exchanges and earn some profit.

Colt22

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Quote from: dunfida on October 16, 2016, 01:54:41 AM

Quote from: nindie on October 16, 2016, 12:51:46 AM

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

True, if theres a bot that would usually give you income on doing trades i would not tend to sell it after all and i would spoil it to get maximum profits. Bots are just guides and just doing automated trading and wont really guarantee you to make profits on the long run.

You are right it will not guarantee for a verified trade for us and will not make us successful in any trade there occur a lot of tragedies in altcoins which the bots are unable to handle. but in normal situation it may work.

trissfc1998

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A sneak peek of alpha version of my personal bot.
Maybe i'll release the source code on Github after I am finished developing it Cool

dunfida

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Quote from: nindie on October 16, 2016, 12:51:46 AM

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

True, if theres a bot that would usually give you income on doing trades i would not tend to sell it after all and i would spoil it to get maximum profits. Bots are just guides and just doing automated trading and wont really guarantee you to make profits on the long run.

nindie

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iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

PokerFace3

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Quote from: naidray on October 10, 2016, 07:19:47 AM

Quote from: nejibens on October 09, 2016, 03:43:54 PM

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

No, both beginners and experienced traders do not need any trading bots as no bots are consistent in their performances. Really, I could not find a scenario where we could use bots. Because, some bots are working perfect in low fluctuation markets whereas some others are working with highly fluctuating prices. Manual trading is better for consistency.

You must be right, bots are depending on some pre-set parameters and only for known market conditions. Definitely no bots will sustain with the new market situations like any high volatile new events. I also have concluded without using bot would have helped me to secure our capital by this time, I am also one of victim of faced losses with bot enabled trading.

arunka71

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I think, most of you make the mistake to think only in terms of technical trading.

el kaka22

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Quote from: Whosdaddy on October 12, 2016, 12:33:24 PM

Quote from: rickadone on October 11, 2016, 02:31:01 PM

Quote from: StarofBTC on October 10, 2016, 02:52:39 AM

Quote from: bestluck on October 09, 2016, 09:16:21 PM

No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.

That must be a right practice, because when you are not unable to predict market movements you may need to depend on others but going for bots is not right decision in my opinion as no machine codes will predict as good as our knowledge and experience. Using our own brain will help us to crack profits from trading. Bots may fail time to time.

Not just in time. I had very worst performance with a bot in my bitcoin trading. I used it to auto trade bots, but it was unable to book any profits for me. I guess instead of going for a auto trade bots, going for buy-sell predicting bots is somewhat good. Because we will be having control over to choose the best calls and to avoid others.

You mean to say, instead of depending on some third party tipser, it would be good to use the bots to predict call for us?

That must be a right approach. Because we are only going to trade still, but we are giving responsibility of predicting market directions to the bots. But, with this kind of approach, we still need time and dedication for analysis so that we can choose best calls.

To be successful with your trading you always need to be so dedicated. Without spending time you will not be able to be successful with any trading even you are using bots. Bots may not work for different market fluctuating situations, in those times, we must stop using bots and going for manual trading would be the right approach in those times. So, we always need to stay with our trading as that will ensure any unwanted events.

Whosdaddy

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Quote from: rickadone on October 11, 2016, 02:31:01 PM

Quote from: StarofBTC on October 10, 2016, 02:52:39 AM

Quote from: bestluck on October 09, 2016, 09:16:21 PM

No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.

That must be a right practice, because when you are not unable to predict market movements you may need to depend on others but going for bots is not right decision in my opinion as no machine codes will predict as good as our knowledge and experience. Using our own brain will help us to crack profits from trading. Bots may fail time to time.

Not just in time. I had very worst performance with a bot in my bitcoin trading. I used it to auto trade bots, but it was unable to book any profits for me. I guess instead of going for a auto trade bots, going for buy-sell predicting bots is somewhat good. Because we will be having control over to choose the best calls and to avoid others.

You mean to say, instead of depending on some third party tipser, it would be good to use the bots to predict call for us?

That must be a right approach. Because we are only going to trade still, but we are giving responsibility of predicting market directions to the bots. But, with this kind of approach, we still need time and dedication for analysis so that we can choose best calls.

Cozynunu

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Quote from: Shiroslullaby on October 06, 2016, 12:34:11 PM

Do any of the exchanges have rules against using bots?
I would be very careful in admitting I used a bot. You might get your account closed and any of your coins seized if an exchange finds out you are doing automated trading.
(If it is against their terms of service.)

Also, most people that have a good bot for trading probably programmed it themselves and aren't going to give it out for free.

Why using bots to make your trades i know that bots are made by human and they need to be updated every second as specially by the bitcoin you know becuase the
price of the bitcoin changes so many times you should be doing it by your self.

gilangIDR

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I think the use of bots is not that great .. because we do not directly follow the price movement bitcoin. whereas we could be in a time of bitcoin have better prices than back then. it was a chance to be regretted.

noictib

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Quote from: ArdiPrabowo on October 12, 2016, 05:33:38 AM

bot for trading can't prediction price so if you use bot not guaranted profit
bot only setting in you buy or in you sell and use averaging or martiangle
use bot or not is same, this not use bot you can pending order in your trading system

yeah , and another things some trading sites doesn't allows bot script to handle ac . so it is not much cool idea of bot trading .

ArdiPrabowo

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bot for trading can't prediction price so if you use bot not guaranted profit
bot only setting in you buy or in you sell and use averaging or martiangle
use bot or not is same, this not use bot you can pending order in your trading system

DuckKeeper

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Quote from: Patatas on October 06, 2016, 02:21:08 PM

Quote from: leero9 on October 06, 2016, 08:56:36 AM

Whether or not you do, if you were to make one, what rules would it based on?

I don't rely on bots since I'm pretty much online 18 hours a day. *Perks of being a Software Developer.
Secondly,as a python enthusiast,I have deployed a few trading bots according to the custom needs.Furthermore,here are a few suggestions you may want to consider while getting one programmed for trading.

-No 24*7 window.Set a timeout after every satoshi made through the marginal values.

-Keep a bot actively running in the background to send latest prices of the alt's.The trading bot should take these prices,analyze the differences in the span of 15 mins and then decide to trade or not.

-Marginal values should be fetched from a reliable source such as prev or coinbase and not the website's tickr!

You should never use a bot for your tradings becuase i know for sure that when you pay attention every time i dont think the bot will be better than you becuase humans
makes the bot and that is the problem.

ivanst776

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Quote from: Sampey on October 07, 2016, 04:52:03 PM

Quote from: ivanst776 on October 07, 2016, 04:43:29 PM

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

Well yes i'm trusted Grin

I started selling my bot in 2013 (it was only a Cryptsy Bot) and never stop since them, with near 1 release every 20-30 days.
Now after near 65 release (20 beta + 44 Official) C.A.T. works on 18 exchanges and i have 200 Positive Feedbacks on my profile (this is why i'm trusted Cheesy

)
Another reson for my trust is that C.A.T. is a DESKTOP Application and i don't own private user key (and anyone could run C.A.T. inside a SandBox and check if there's some "strange" http call other than the Call to the Exchanges)
Wink

From the feedbacks I can consider that C.A.T bot as trusted but why I said I don't trust is because my money is managed by someone else.

So there is always a "room" to be worried and with only an update the developer can infect all users(not saying that you will but this can happen).

I still prefer to make my tradings on my own and If I make a mistake I will not accuse the bot or someone else but myself.

Topic: Do you use a bot for trading? - page 13. (Read 17845 times)