I have never used bot in trading. I simply don't have that much trust in something like this and leave the bot with my funds. There are also different bugs, viruses and similar stuff so I just rather do it by myself. And so far I haven't heard of any experiences where bot actualy helped in trading results.
That's right there is a lot of bots available online but most of them are too malicious and they may contain viruses, malwares and different kind of things that can harm your computer. It is best to just stick with manual trading because it is not that hard to trade manually and it also helps us to become a smarter trader. 
Topic: Do you use a bot for trading? - page 2. (Read 17832 times)
I have never used bot in trading. I simply don't have that much trust in something like this and leave the bot with my funds. There are also different bugs, viruses and similar stuff so I just rather do it by myself. And so far I haven't heard of any experiences where bot actualy helped in trading results.
As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people
In fact, it cuts both ways
If the bot has no bugs, has been properly tested, and correctly handles all possible combinations of erroneous conditions such as when the exchange starts sending incorrect data (e.g. when the lowest Ask price becomes lower than the highest Bid price in the orderbook), you can be pretty sure that there won't be "fat fingers" and you won't mistakenly place a sell order instead of a buy order, especially in a hurry (i.e. in cases when you should be particularly careful)
i am no expert in trading but you don't have to be hurrying when trading at all. you can always plan ahead, buy at the price you want and sell where you want
I guess that's the key point
It is good and nice to be on the right of the trade ("placed my buy orders around 0.0039-0.0043BTC... then placed some orders at 0.006-0.007BTC range and made some good profit"). Indeed, there is no hurry. But how much did you earn in absolute terms, a few satoshi? Now think that you bought some coin with half of your trading capital (or with all of it), and the price immediately started to crash with neither remorse nor reverse. Okay, at some exchanges you can add Stop-Limit orders (with the Stop part preventing you from inflicting heavy losses). Otherwise, you would convulsively try to close your long position in panic with your arms trembling, your armpits sweating, and your head spinning, so instead of hitting the Sell button you reflexively hit the Buy button and thus add to your losing position instead of closing it
As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people
In fact, it cuts both ways
If the bot has no bugs, has been properly tested, and correctly handles all possible combinations of erroneous conditions such as when the exchange starts sending incorrect data (e.g. when the lowest Ask price becomes lower than the highest Bid price in the orderbook), you can be pretty sure that there won't be "fat fingers" and you won't mistakenly place a sell order instead of a buy order, especially in a hurry (i.e. in cases when you should be particularly careful)
i am no expert in trading but you don't have to be hurrying when trading at all. you can always plan ahead, buy at the price you want and sell where you want.
for example with litecoin i placed my buy orders around 0.0039-0.0043BTC and bought some since i speculated a rise and even made a topic here about it. and then placed some orders at 0.006-0.007BTC range and made some good profit the day of the rise. no rush or anything like that and all without a bot.
As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people
In fact, it cuts both ways
If the bot has no bugs, has been properly tested, and correctly handles all possible combinations of erroneous conditions such as when the exchange starts sending incorrect data (e.g. when the lowest Ask price becomes lower than the highest Bid price in the orderbook), you can be pretty sure that there won't be "fat fingers" and you won't mistakenly place a sell order instead of a buy order, especially in a hurry (i.e. in cases when you should be particularly careful)
Me i do not used bot in trading because im the one who monitor my trade coins because now i am learning some easy patten on how to do manual trading and how it will works.
And i do not also trade in more altcoin i only trade with two or three because i do not take big risk for my investments.
And i do not also trade in more altcoin i only trade with two or three because i do not take big risk for my investments.
As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people.
I think bot is good to recognized patterns to detect if it is a breakout, good to place a buy or sell a position. But for me thats the only role of a bot: to detect a position.
Casting a position is upto me. I dont want to make a bot to make decision for me.
I think the starting of trade with bot is only for emergency case at the time when the trader will want for to catch a good timing for to buy or sell as people often in their break time lose a good chance of buying or selling their coins. So with bot they will have everything set up Casting a position is upto me. I dont want to make a bot to make decision for me.
I think bot is good to recognized patterns to detect if it is a breakout, good to place a buy or sell a position. But for me thats the only role of a bot: to detect a position.
Casting a position is upto me. I dont want to make a bot to make decision for me.
Casting a position is upto me. I dont want to make a bot to make decision for me.
I've never tried a trading bot , I almost feel like it sounds too good to be true sometimes. I'm not sure how much value they'd actually generate.
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.
I don't also use bots for trading. But I know that bots are good help for you to become more productive.
I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.
And another thing is that I'm learning while doing manual trading.
Yeah I agree. Bots actually lessen your chance of missing a good time to either buy and sell while you're not logged in or online. I've tried it once and it's a good feeling to know that there's something to look forward to the next time you check the bot. It makes you feel a bit at ease when you're away though you have to also be careful about bugs because that can make you lose money also
It is not only about bugs
Some primitive bots (and I guess this makes up the total majority of them) don't take into account how fast the price changes and whether this change is correlated with the price changes of the same coin at other exchanges. Thus such bots can be fooled into excessive buying (or selling, as another option) when there is not enough liquidity in the orderbook at the opposite side, leaving their operators with losses. Sometime ago I even posted a chart where such event was as clear as day. Apparently, this can hardly be done directly by a human being, so we basically have some advanced bots parasitizing on simpler ones
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.
I don't also use bots for trading. But I know that bots are good help for you to become more productive.
I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.
And another thing is that I'm learning while doing manual trading.
Yeah I agree. Bots actually lessen your chance of missing a good time to either buy and sell while you're not logged in or online. I've tried it once and it's a good feeling to know that there's something to look forward to the next time you check the bot. It makes you feel a bit at ease when you're away though you have to also be careful about bugs because that can make you lose money also
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.
I don't also use bots for trading. But I know that bots are good help for you to become more productive.
I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.
And another thing is that I'm learning while doing manual trading.
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 
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.
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.
I never use bots in trading because I have not bought one yet, If someone good enough to share his bot to me, I would gladly use it. Apply the setup I want and run it 24/7. Of course, i will be checking it from time to time to monitor the bot. Having bot for trade, I believe, it will make my trade easier. No more missed pump or dump.
Do you think bot in trading will be a big help for a traders like us here sir? And if ever yes, I'm gonna try it, can you give some site of it were I can get some and try to apply it in the exchange platform. Thanks 
as it was said at least a hundred times before in this topic, if you are new to trading you shouldn't be even wanting to try a bot. first learn how to trade and do it at least for a couple of months manually and then if by that time you felt the need for some level of automation and a bot then seek a good one.
but not now.
I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things might be detrimental to us. I prefer the manual method.
Yeah. Indeed the biggest drawback that we will never eliminate is on the bot may not work optimally or not in accordance with the commands that we provide. Because indeed every human creation has its disadvantages and advantages, then we have to be clever in using it appropriately. The bot does help for trading, but trading was not a suitable place to always use bots or rely on a bot. Because trading requires analysis and a proper thought and every time a trading pattern is always different and it could ruin our capital finance or if a bot we use wrong in response to it
whether to use this bot can simplify how do I trade?
suggestions and rules that you provide will be working.
thank you!
suggestions and rules that you provide will be working.
thank you!
Manual trading > BOT trading
I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things might be detrimental to us. I prefer the manual method.
Me too I didn't experienced using a bot for trading and I don't want to. And you need to purchase one of it. I only know gunbot and it costs 0.1 BTC if I'm not mistaken and base to the feedback of those people that bought it, it helped them to trade properly and it generated them income. But for me I'll still rely on manual trading.
Jump to: