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Topic: Do you use a trading Bot? - page 3. (Read 1507 times)

legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
July 22, 2020, 05:16:19 PM
Sometimes I use Bot, it helps me to speculate the market situations and calculate the stop-loss value, Bots are helpful to reduce trading losses. I am busy with various things, I can't always sit in front of the market, that's why Trading Bot are helpful to me. You have to know how to set the parameters properly and how to use Bot, It is better not to use Bot at beginner level.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
July 22, 2020, 04:36:49 PM
I don't trust bots and I don't use them. To my opinion they can't help you make the profit and they can only be used for fun, not serious trading. I know that traders try to find different methods and tools that could make them trading easier and more profitable but bot is not one of them. There is no shortcut to successful and profitable trading, you need to work hard on that.
full member
Activity: 363
Merit: 100
July 19, 2020, 09:47:59 PM
I don't want to say trading bot is bad to use, but I choose not to use it. Because in my opinion manual trading is still the best for me.
To be honest, I have no luck with trading bots, I've tried various trading bots, ranging from free to paid. In the end, it always fails if used for the long term, I even lost all of my capital because I used a trading bot. So I have a conclusion trading bot is not for me.






It is not bad that's true, but trading is also not giving 100% profit to everyone mate real talk only.
Though to some of the individual traders, it may help them but majority is not. Because in my own little way
if it is really profitable tools why not all traders must use this trading bot? just asking.
sr. member
Activity: 1988
Merit: 322
July 19, 2020, 06:22:21 AM
Using a bot makes the trading process easier for us, and periodic ones increase the loss of money. Because sometimes it's better to stop and analyze the market.
Because, bots cannot switch over to different algorithm or strategy based on market conditions and level of fluctuations. This is the reason is you are continuously making trades with the help of bots, then there will be more chances for big losses. Instead of stopping bot and taking time for analyzing market, why not you go for manual trading which must need a better way to trade profitable as per many people's opinion here.

a trading bot is good especially when you aren't watching or monitoring the market.

Yes, bots should be engaged only for the limited purposes like you have mentioned for monitoring and making reports on market volatility. Because, if we are doing the same then that will consume lots of time and in order to save time we may use bots just like most other trading tools to improve efficiency.

if you will use free trading bot, that sevice cant performs perfectly in trading. It is better to manual trading than use the free service of trading bot.

When paid trading bots itself not performing well across market conditions then how we should believe into a free bot against our hard earned capital. It is ridiculous to risk our capital with free bots Shocked.
member
Activity: 215
Merit: 10
July 19, 2020, 05:10:08 AM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
It seems to me that for a long time it will be difficult to achieve the effect of artificial intelligence from sales programs. I do not exclude that such work is being carried out. but the classic way of trading is relevant and safer.

Yes, within the case of business it's easier to try to move together with your own intellect. This increases both our knowledge and knowledge Bots often put you in danger Unable to know the increase and fall of the market repeatedly.
Using a bot makes the trading process easier for us, and periodic ones increase the loss of money. Because sometimes it's better to stop and analyze the market.
member
Activity: 1204
Merit: 38
July 17, 2020, 02:27:41 AM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
I never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

Trading bots are not artificial intelligence involved, so they are not going to think on their own they will just execute the trades without need of our actions all the time, which is very much needed for someone who trade more often but if we are not going to be a full time trader then better look at the market manually and analyze it at the current time to execute trades so you may get more profits on single trade itself.
Trading bots are Artificial Intelligence because they are based on where they were programmed; that is why Trading bots work based on reacting to the market. But trading manually is much better than automated trading because depending on our strategy has more chance to give us a successful trade, instead of using trading bots because it is only good managing our portfolios while we are away.
I think you need to know the real meaning of artificial intelligence, if we need to call something as AI then it should have the decision making ability on the own based on the situations but bots just execute the trade orders based on our criteria so its just a bot and it will do what we set them into.
newbie
Activity: 13
Merit: 0
July 16, 2020, 04:56:13 PM
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sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
July 16, 2020, 04:24:25 PM
I don't want to say trading bot is bad to use, but I choose not to use it. Because in my opinion manual trading is still the best for me.
To be honest, I have no luck with trading bots, I've tried various trading bots, ranging from free to paid. In the end it always fails if
used for long term, I even lost all of my capital because I used a trading bot. So I have a conclusion trading bot is not for me.
That was an unfortunate conclusion because if you are going to ask me, a trading bot is good especially when you aren't watching or monitoring the market. But if you don't know how to set up this, that's your problem and I may advise not to use trading bot if you are completely newbie in trading.

But that is a big mistake if you will use free trading bot, that sevice cant performs perfectly in trading. It is better to manual trading than use the free service of trading bot.
member
Activity: 686
Merit: 30
July 16, 2020, 01:46:15 PM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
It seems to me that for a long time it will be difficult to achieve the effect of artificial intelligence from sales programs. I do not exclude that such work is being carried out. but the classic way of trading is relevant and safer.
full member
Activity: 1190
Merit: 117
July 15, 2020, 07:49:31 PM
I don't want to say trading bot is bad to use, but I choose not to use it. Because in my opinion manual trading is still the best for me.
To be honest, I have no luck with trading bots, I've tried various trading bots, ranging from free to paid. In the end it always fails if
used for long term, I even lost all of my capital because I used a trading bot. So I have a conclusion trading bot is not for me.




member
Activity: 1540
Merit: 68
July 15, 2020, 06:42:04 PM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

Trading bots are good, and i use the one for bituniverse; it helps you incorporate atleast over 10 exchange platform including binance, hydax and more; But to be honest dear; bots are not for newbies; you need to be a good trader before you go into bot trading; always do your own research
legendary
Activity: 3094
Merit: 1127
July 15, 2020, 06:31:27 PM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
for crypto trading, I don't use a Trading bot...
I give up with trading bots, I have used trading bots on my forex account, but it is not profitable for me, taking buy/sell positions is less accurate, since then I am afraid to use the trading bot, it's better to trade real-time alone.
It happens when you are new into trading it takes a little time to understand how bots will work and how to enter data into the bot for optimal profits but once you get into trading and get the required knack of trading with bots then actually bots can help you a lot in automatize your trades. The only thing you need to be careful is bot do not have brains so if you made a little human error in filling data then it can erase off your balance in almost a blink of an eye.

I am a part-time trader and gambler so I use bots almost for every task even when I am rolling dice I do it with bots or sometimes the automated betting that is being provided by the casino itself.

When it comes to bots then making use of it would really need corresponding knowledge first on manual.You cant set out everything nor even know how to edit if you dont know on what you are doing.
Its just normal that you do  need up to learn from the basics but somehow we do see already set-up bots that do exist in the market but it is much better if you do know on how to alter things up
because we know that market situations can be different from time to time which means there would be a specific strategy in those cases thats why it would really be an advantage on your side if you do
know on what you are doing.
full member
Activity: 1638
Merit: 122
July 15, 2020, 06:30:09 PM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
I never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.
You are right and actually emotions while can make you loose more in trade but sometimes emotions can save you too. I was about to sell in March a part of my saved bitcoins when price went to $5k but I have a strong emotion that it will jump back in coming months so I just held my nerve and it recovered itself very soon and if I was using bots the trade would be executed at $5-6k as per the stop loss feature which I am sure I would have used.

Bot scripts are usually for people who are doing large number of trades per day among altcoins like selling/buy eth for minor price change and hence saving a lot of time and also bots increase accuracy but for traders who are doing less number of trades per day I would never recommend bots and scripts.

dang good  for you that you follow your heart and didnt use bots that time   .

  bots really have a different purpose and not primarily built to combat or handle our emotions because that would be funny  . i use bots too on gambling but not in trading and the emotion is still there  . i did experienced to loose and feel bad    .  we should ask the developer of the bot for strats  because they provide it or they have a website/forum for it if ever we liked to use them
hero member
Activity: 2898
Merit: 639
July 15, 2020, 06:19:18 PM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
I never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.
You are right and actually emotions while can make you loose more in trade but sometimes emotions can save you too. I was about to sell in March a part of my saved bitcoins when price went to $5k but I have a strong emotion that it will jump back in coming months so I just held my nerve and it recovered itself very soon and if I was using bots the trade would be executed at $5-6k as per the stop loss feature which I am sure I would have used.

Bot scripts are usually for people who are doing large number of trades per day among altcoins like selling/buy eth for minor price change and hence saving a lot of time and also bots increase accuracy but for traders who are doing less number of trades per day I would never recommend bots and scripts.
hero member
Activity: 2464
Merit: 585
July 15, 2020, 03:40:47 PM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
for crypto trading, I don't use a Trading bot...
I give up with trading bots, I have used trading bots on my forex account, but it is not profitable for me, taking buy/sell positions is less accurate, since then I am afraid to use the trading bot, it's better to trade real-time alone.
It happens when you are new into trading it takes a little time to understand how bots will work and how to enter data into the bot for optimal profits but once you get into trading and get the required knack of trading with bots then actually bots can help you a lot in automatize your trades. The only thing you need to be careful is bot do not have brains so if you made a little human error in filling data then it can erase off your balance in almost a blink of an eye.

I am a part-time trader and gambler so I use bots almost for every task even when I am rolling dice I do it with bots or sometimes the automated betting that is being provided by the casino itself.
sr. member
Activity: 2338
Merit: 365
July 15, 2020, 12:16:56 PM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
for crypto trading, I don't use a Trading bot...
I give up with trading bots, I have used trading bots on my forex account, but it is not profitable for me, taking buy/sell positions is less accurate, since then I am afraid to use the trading bot, it's better to trade real-time alone.
member
Activity: 1120
Merit: 68
July 15, 2020, 07:31:35 AM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
I never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

Trading bots are not artificial intelligence involved, so they are not going to think on their own they will just execute the trades without need of our actions all the time, which is very much needed for someone who trade more often but if we are not going to be a full time trader then better look at the market manually and analyze it at the current time to execute trades so you may get more profits on single trade itself.
Trading bots are Artificial Intelligence because they are based on where they were programmed; that is why Trading bots work based on reacting to the market. But trading manually is much better than automated trading because depending on our strategy has more chance to give us a successful trade, instead of using trading bots because it is only good managing our portfolios while we are away.
member
Activity: 1204
Merit: 38
July 15, 2020, 04:17:31 AM
Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?
I never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

Trading bots are not artificial intelligence involved, so they are not going to think on their own they will just execute the trades without need of our actions all the time, which is very much needed for someone who trade more often but if we are not going to be a full time trader then better look at the market manually and analyze it at the current time to execute trades so you may get more profits on single trade itself.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
July 15, 2020, 02:59:23 AM
Usually,one of the unique style on trading is dedication.practically you need to learn how it works for you whereas it is basically used for someone who believes that nothing is impossible.So trading bot is a part of your fixed assets combination with some category because you need to take over about the right thing to sustain.

Courage also will help you become more determined in learning a lot of things in trading.

I don't see myself using trading bots no matter what struggle hits me in my trading journey. I believe that only myself will help me earn big amount of profits and not those trading bots that do not know how to adjust on its own depending on the market situation.

Being a trader, you should always consider your patience and timing on when to perform transactions.

Most of the traders are knowledgeable and using trading bots, but not that knowledgeable in performing manual trading. I want you to know that manual trading is the most effective thing that a trader should practice and improve because when you do that, your technical analysis will become much worth it.
member
Activity: 112
Merit: 17
July 15, 2020, 02:22:45 AM
I used something half-bot, an expert advisor in MetaTrader 4. It comes with an alarm when certain criterias in the market are shown but to enter a trade I would never rely on a  bot, but maybe I´m just too old-school for that. haha
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