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.
I also prefer the manual way of trade because I also do not have trust on bot for trade or I think I do not know about these bot because one day on tjis forum I saw a person saying that bot can work better. 
Topic: Do you use a bot for trading? - page 3. (Read 17845 times)
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 
That highlights the fact that a bot is meant to serve as an assistant not a replacement and can efficiently perform the role of monitoring the market 24/7, carrying out specific functions given to it
Personally, I'd rather consider a thoroughly written trading bot as a replacement, not as an assistant
Provided it brings profits, or course. Really, if it saves you plenty of time making all the dirty work of implementing your strategy in practice instead of you, how can it possibly be considered as an assistant? If it does actual trading (i.e. places and cancels orders), it is a replacement, by any name. If it helped you develop a trading strategy, then it could be called an assistant (in developing trading strategies), but the task of fulfilling the strategy is a task for a trader, and thus it is a replacement for you as a trader (but not as strategist). You, on the other hand, get busy with strategies, writing the code and testing it, leaving trading as such to the bot
Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...
I wonder why the same people advertise in their signs and avatars...
Could you name a few?
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Well if you think the traders can make huge profit with trading bot you are wrong
I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with
Not all bots are born equal
If you are using a simple strategy like Ping-Pong which comes down to placing opposite orders (and which you seem to refer to here), a bot will help you greatly since manual order placing and more so price tracking can be dull and boring. Such a bot will certainly make your life easier. On the other hand, if you are catching abrupt price moves which happen within a couple of seconds, a bot will be indispensable since you simply won't be able to react quick enough. You could place orders manually beforehand, of course, but you can't withdraw them fast enough when you see that there is going to be a genuine crash (a bot could trace price movements at a few exchanges at once and cancel such orders in half a jiffy)
That highlights the fact that a bot is meant to serve as an assistant not a replacement and can efficiently perform the role of monitoring the market 24/7, carrying out specific functions given to it. Before anyone jumps to conclusion that bots are waste of time and resources,they might want to ponder why institutional investors and banks are sparing no expense in producing expert systems that manages their forex trade or if it works with forex, what stops it from working with cryptocurrencies?
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Could you name a few?
Not you! You seem to be quite knowledgeable about automated trading. My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills.
to earn a decent amount of money you have to invest big.
investing big means a small change leads to a lot of money moving around, change down a big loss and change up a big gain.
when money becomes bigger the stress of it becomes bigger too.
now add to that the fact that cryptocurrency market is manipulated specially when it comes to altcoins.
how many people do you think are willing to sustain this kind of work?
you can obviously see a lot of people play around with 0.5-0.001BTC but as i said to make real money you need real big amounts.
and i don't get why you mix being in a signature campaign with what people have to say about trading!
and with your logic this guy has to be the god of speculation https://bitcointalksearch.org/user/kwukduck-654
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Could you name a few?
Not you! You seem to be quite knowledgeable about automated trading. My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills
As the proverb goes, many a little makes a mickle
On the other hand, there may be other reasons (apart from purely financial ones) why anyone could be wearing a signature. Personally, I'm not very prone to communication myself (that doesn't mean that I can't communicate), I just don't feel like talking when I can keep silence. As Churchill once said, never run when you can walk, never walk when you can stand, never stand when you can sit, and never sit when you can lie down. And when you lie down don't waste your time but sleep. Wearing signature makes me communicate (whether I like or not), otherwise I would most certainly stay away from discussions and polemics altogether. Deep inside, I don't feel an urge to prove anything to anyone (aka "someone is wrong on the Internet")
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Could you name a few?
Not you! You seem to be quite knowledgeable about automated trading. My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills.
When people suggest things that are on their signature I see bias and go check like youtube videos and so forth to see if it worked at all.
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Could you name a few?
Not you! You seem to be quite knowledgeable about automated trading. My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills.
Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...
I wonder why the same people advertise in their signs and avatars...
Could you name a few?
Quote
Well if you think the traders can make huge profit with trading bot you are wrong
I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with
Not all bots are born equal
If you are using a simple strategy like Ping-Pong which comes down to placing opposite orders (and which you seem to refer to here), a bot will help you greatly since manual order placing and more so price tracking can be dull and boring. Such a bot will certainly make your life easier. On the other hand, if you are catching abrupt price moves which happen within a couple of seconds, a bot will be indispensable since you simply won't be able to react quick enough. You could place orders manually beforehand, of course, but you can't withdraw them fast enough when you see that there is going to be a genuine crash (a bot could trace price movements at a few exchanges at once and cancel such orders in half a jiffy)
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.
Quote
Well if you think the traders can make huge profit with trading bot you are wrong
I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with.
Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...
Well if you think the traders can make huge profit with trading bot you are wrong, i don't think taking huge profit from trading, I wonder why the same people advertise in their signs and avatars...
i just think get constant profit from trading also doesn't mean the trading robot is suitable for the strategy in every condition of price
the mosht important in trading getting constant profit not on trading robot as you said.
Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...
I wonder why the same people advertise in their signs and avatars...
I'm guessing, many bots existing private, personally used on coin markets.
Public bots not very good as for me.
Best way, writing the self coded bots for trading and order management.
That's right completely agree with your opinion , bot provided publicly has no few features.Public bots not very good as for me.
Best way, writing the self coded bots for trading and order management.
When you know how to build a bit then better to create your own and place the features as you wish.
The problem only when you have no idea to create it, but you can buy a premium bot from trusted provider.
I'm guessing, many bots existing private, personally used on coin markets.
Public bots not very good as for me.
Best way, writing the self coded bots for trading and order management.
Public bots not very good as for me.
Best way, writing the self coded bots for trading and order management.
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!
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 never try to use it, but I've read it in some articles which I don't exactly sure what site it is, they have called top 6 bot and each bot had their own price of bitcoinBTC according to it functions minimum was 0.01BTC, in fact, I got curious on it, and attempt to try but I realized that doing trade manually is much comfortable than using bot in the trading you cannot appreciate your profit if you use it unlike in manual you appreciate because you are the one made a hard work for it.
actually i do not believe on it and the other thing is that i do not feel satisfaction while using bot, i think like to use the manual way in gambling.
For both trading and gambling, there are bots which can be used up to some levels like we need not relaying them completely. They will simplify your routine tasks but your decision is needed to finalize a trade or bet. When you are completely believing into one bot, there will be zero chances to get full satisfaction. It is obvious that you cannot expect a bot to work perfect as per your expectations. Never use bots. Thay cannot make a deal as human mind can
true, sometimes the actions taken very different bot we think. but, it is also commonly used by people who have very little time in playing trading. but, using a bot, have a greater risk than with manual trading.Bot should not involved in the platform where the money revolves so much. But i have noticed in many trading site automated escrow is been activated by the site itself. Once payment has been done or trade completed then trade is being released by us but amount was hold there only. Its automatically dispute the trade if its not completed by trader who buy or sell it.
I did not use a bot for trading. I manually used trading for an altcoins. I didn't want the bot, handle my money, I want me to handle it. I want to have a fair about trading and even there is no bot for trading, it also act like that.
The bot does not handle your money actually, it just uses your instructions to create buy and sell orders but yeah sometimes bots can be pity as when a coin is rising quickly it would just sell them, while manually you can change your decision at the last minute and rather sell on higher price and that's the only plus point using manual strategies rather than filling data in botsYou refer only to just one kind of bots
But there are a multitude of other bots which don't quite fit into your simplified definition. For example, there are arbitrage bots that don't necessarily add orders for you. They might just keep watch on prices at various exchanges. And when they see an opportunity to earn profits, they may beep you and then it is up to you to decide whether it is worth trading or not. Or you can just give your consent and then the bot makes the rest for you (i.e. actually places the orders)
I did not use a bot for trading. I manually used trading for an altcoins. I didn't want the bot, handle my money, I want me to handle it. I want to have a fair about trading and even there is no bot for trading, it also act like that.
The bot does not handle your money actually, it just uses your instructions to create buy and sell orders but yeah sometimes bots can be pity as when a coin is rising quickly it would just sell them, while manually you can change your decision at the last minute and rather sell on higher price and that's the only plus point using manual strategies rather than filling data in bots.Jump to: