Topic: Do you use a trading Bot? (Read 1507 times)

I don't use trading bot and never willing to learn how it works, i prefer trading on myself in order to gain an experience.

I trust myself and believe that proper attention and information helps to make a better decision. So I don't use any trading bots. Simply keep observing the projects and whenever I feel okay with with any coin I go for it.

Too much negative towards bot but cant you see on whats its actual usage? Its pretty convenient and good thing imho if you are a type of person who is always far away
from keyboard yet bots are way too useful on doing this job in spite of doing it for yourself. People do just really have different approach with bots on where they do believe
that it can really be helpful for them to make money and generate income without doing that much without even thinking that these bots are just for automation nothingless
but people do expect way too much which on the thing that it cant able to do. If you do believe on this way then you'll get disappointed but if not then you will
appreciate on whats the real functionality of bots.

 I used trading bots to see how they work, but you cannot rely on them if you are serious about trading. Better think yourself. Bots can offer you at least strange pairs, and you will finally fail. If it happens, you will also understand that bots are not worth our attention.

I haven't find some useful bot so far so as of now I am still in search for a profitable trading bot because trading bots are
very helpful especially if it can help us generate some profits to our target trades.

If there will be few recommendations that the other members about a good trading bot that we can use safely, it will be good if
they are willing to drop it here so I can check it and proceed in using it if I can see that it pass my requirements.

Trading bot for me is not profitable this is the truth, because if it is profitable I am pretty much sure that all traders here in crypto space will use this trading bot. Trading bot is here only for business, so instead of renting them or give some pay, it is rather good to use the payment to trade in crypto platform,.

A trading bot is a trading-based robot system or software and it follows some signal. If you are a newbie on trading do not use this trading bot. Trading is the art of crypto so first learn and know more details about it. Most of the people use a trading bot because they do not monitor all-time on the crypto market or busy with other works.you can read this article https://medium.com/@victorhogrefe/how-effective-are-trading-bots-really-1684acc1f496

I don't think a bot that makes you wipeout.

There are settings that a user has to set it and if you're too curious about using it, you should. I think there are trial versions of these bots which they give for the users to see if it's going to help them or not for a certain period of time.

If you can setup the trade before using a bot having it is not actually bad idea. There are just traders that afraid using it because they can Wipeout your balance in an instant if something strange happen in a bot .

I am also confused how this bot working of really traders earn a lot of they use trading bot.  I want to heard other traders earnings using bot.

Trading bots are not stable, not understandable, not unambiguous. None of them will bring you guaranteed profits.
All you need to know about them is that they should only be helpers in placing orders and interacting with the exchange. Any bot that promises you a stable profit is 99% fraudulent.

Many investors that is using trading bot strategy to trade their business always find it difficult to make a good income from their trade. Many people are still like to have interest on bot trading  because of what they heard concerning the project without taking time to study the strategy,if it will be easy for someone to trade and get reward instantly with the process of trading.
I don't have any idea concerning bot trading which everybody is talking about that is a new system, many trader are now using to make a good profit. Is like I will try the trade to know if the system is not to difficult to invest.

This is the advantage of being a developer, you can rectify an existing bot through your own developed bots. As someone who's not using a bot, I say that I have my own way of trading.

But I also acknowledge those professional traders that see a delight in using bots and they're more effective with it.

Not, i don't use trading bot. When i want to buy some coin every follow her volume and pump or down. And handly buy this coin and sell this coin.

I don't use trading bots, I tried them and ended up trading quite oddly, maybe because the settings for trading bots I didn't understand. Trading bots in my opinion are suitable for those who have little trading time, especially for traders who are on vacation and can only share a small amount of trading time. Trading bots also require more information to set up. My experience is like that and I don't know which trading strategy is suitable for trading bots because I think that strategy depends on the market you are going to enter

I used trading bots occasionally. Just kidding. I prefer to leave my portfolio and asset to my brother than to use bots. I have more trust with his trades compare to what a bot can do. Using trading bots is good specially if you can't leave your trades. But it is better to leave your port in your brother or any person who you trusted and has experienced and knowledge about trading.

I believe a trading bot is meant for people who are lazy to understand how the market works. They are people who do not want to invest their time and energy to gather the right skills and knowledge needed in trading.
Besides, most trading bot have a high loss percentage and it is not advisable to depend on a bot's judgment in market analysis.

It seems to me that Latoken is not the best place to connect the bot.
And what's the difference? It is important that the bot is not mistaken, that the exchange itself works without lags, that the bot does not do bad things.

And even more important, your API keys are safe.
In addition, on large exchanges there will always be volume for the coin of your choice.

If you are bad trading your bot will be bad too, trading bots are not good or bad, a bot is just an extension of you and can only do what you tell it to do.

I see there is a big misconception about trading bots, most bots on the market are Not AI, but algo trading, meaning they follow a set of rules, and execute when the conditions are met.

All you have to do is tell the bot what would you want it to do when your desired scenario is in place.

For example, what is your strategy to enter a trade as a manual trader?

RSI 20, MACD cross over, EMA cross, ADX... whatever it is your entry strategy in your manual strategy just tell the bot to do it for you and it will execute, same apply for your exit strat.

Same apply to your Money management, What would you do if the trade goes the other way? Stop Loss, DCA, Gunbot can even do Reversal Trading wich is buying more Quote with the Quote you already have instead of averaging down with your Base

Now, the bot will do exactly that, but if you keep changing your mind (which you probably do on manual) and adding/removing settings you will lose, same as manual trader losses because he/she can not stick to the rules and freakout.

So yes, the bot is emotionless, it will execute no matter what, but you're not and your emotions will get in the way even with a bot. I've seen many times traders changing strategies and parameters without letting the bot do its work.

I'm talking about a genuine bot with a proven track record like Gunbot, HassOnline, 3commas, or Cryptohopper for example, not scams.

So the beauty of it is that once configured the bot can keep going at it while you sleep, and you don't have to spend all the time looking at the charts.

You can even do arbitrage, something impossible to do manual, the bot can scan the whole exchange 24/7 looking for inconsistencies in the price and take advantage when there is an opportunity to exit at profit.

None of the genuine bot vendors I've seen, ever promise unimaginable returns, magic indicators or signals, but strategy automation tools.

In the end, what you need is one particular type of behavior pattern that repeats itself with some degree of frequency, you set that and the bot does the rest.

This is my personal opinion based on my experience with Gunbot.

Hope it Helps.

Same with me. I don't trust trading bots and I don't believe they are useful and they can help you with profit. Uglavnom you don't have enough experience, knowledge and courage for making decisions, bots will definetely not help you.

I never used any trading bot i actually don,t believe on bot trading .Its so thought to predict the market movement and a thousands of chart are creating daily so i don't think bot is useful for trading .Only study and research are the real way to get profit on trading.