Do you use a trading Bot? - page 4. | Bitcointalksearch.org

Insanerman

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Quote from: coincodecap.com on February 15, 2020, 02:17:41 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.

Savemore

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Actually trading bots are just a waste of money, why do I say so? First it will not help you to become a wise and profitable trader because you are just relying on it so basically there is no improvement for you because you are not using your own mind. Second trading both have fees, you cannot use it if you will not pay some money on it. Third, there are a lot of traders who have low winning rate in using trading bots. It is still better if we are the one who will make the decisions and not the bots.

LbtalkL

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I heard some trading with bots cost a lot I guess it depends on the program being used, I have read on some telegram group one member said that he pays 1000 dollar for a bot? For me, that is too much just to pay for the bot alone, you can use it for capital on trading already but they are still availing it I guess because they have some money ready to lose, I will never try such things unless I am rich. I have tried automated trading on some platform before but there is no charge I if recall it correctly it was bituniverse I guess it is a different type of bot than those expensive ones.

matchi2011

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Buy $BGL before it's too late!

Quote from: chip1994 on July 14, 2020, 06:45:28 AM

Quote from: coincodecap.com on February 15, 2020, 02:17:41 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 rarely use the trading services of large groups, because those bots are not programmed and stable, so sometimes the bots will not be able to make good profits but will probably causing big losses. the fact that billions of dollars of investment funds will certainly have very good bots and of course we will not be able to get such a bot service in the crypto market. So using a bot to trade in the cryptocurrency market is risky, you should consider before joining the service.

You need to know more about the service and about the maker of the bot, it's hard to track which service / bot will have a good turned around.
If you have good knowledge you'll be able to monitor and observe what service or bot that will fit according to your emotion, it helps to limits
your stay in front of your device as long as you really knows what strategy to program to your bot.

darewaller

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Quote from: Dorodha on July 14, 2020, 06:36:18 AM

If you want to operate a trading bot, first you have to have a deep idea about trading then there are many benefits to operating a trading bot, You should use trading bots only when you can form a clear idea about trading. Trading bots only work in your absence as in my opinion it is not right to rely entirely on trading bots to open or close trades. You can use it in a few cases if you want.

Yes, making use of trading bots after gaining sufficient knowledge on trading really makes sense but I guess for that you must know all the coding and strategy part of bot; I guess most bots are not open source based. Hence, you cannot assume how a bot will react for a market condition and it may vary from your technical analysis levels.

I tried few bots for my forex trading and then I stopped as they are not good to make consistent profits. In crypto trading I never tried bots as these days I rarely find time to checking market oscillation and from that deriving trading signals. I guess, probably I am in a situation to go for bots as your suggestion, it seems like that Cool

.

chip1994

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HEX: Longer pays better

Quote from: coincodecap.com on February 15, 2020, 02:17:41 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 rarely use the trading services of large groups, because those bots are not programmed and stable, so sometimes the bots will not be able to make good profits but will probably causing big losses. the fact that billions of dollars of investment funds will certainly have very good bots and of course we will not be able to get such a bot service in the crypto market. So using a bot to trade in the cryptocurrency market is risky, you should consider before joining the service.

Dorodha

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If you want to operate a trading bot, first you have to have a deep idea about trading then there are many benefits to operating a trading bot, You should use trading bots only when you can form a clear idea about trading. Trading bots only work in your absence as in my opinion it is not right to rely entirely on trading bots to open or close trades. You can use it in a few cases if you want.

spike420211

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Quote from: asyakashi on July 07, 2020, 08:23:29 AM

If there is a bot for latoken trading I need it. I want to try to use bots after various methods do not benefit.
I want to try with a small exchange like Latoken.

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.

wozzek23

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Quote from: Latviand on July 14, 2020, 12:39:19 AM

I used trading bot before when I was so busy working with my profession but that's just temporary.

Basically all trading bots concepts were innovated for that purposes like when we are unable to trade yourself due to some reasons then we can engage a trading bot to take care of few of your trading procedures but definitely not for automating each and every steps of your trading.

Unfortunately it seems we are all misusing trading bots because we are letting it to completely take care of all of our trading procedures. This must be the reason why we are unable to find big success out of automated trading.

Quote from: Latviand on July 14, 2020, 12:39:19 AM

manual trading is the best and much effective for me. You can manipulate and have a full control with your asset, you just need to make good strategies and plans.

This is what the final conclusion most of traders are experiencing and sharing after trying bot based trading. I am sure even we are having artificial intelligence kind of enhancements with bot trading, nothing will be changing in the final results of our trading. Because manual trading must be more flexible to and controllable which is completely missing out in bot based trading.

Latviand

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I used trading bot before when I was so busy working with my profession but that's just temporary.

I really don't see myself relying on using trading bots just to earn profit with my assets. I don't trust bitcoin for a long period of time, because market is always changing and not stable enough to give you always positive outcome. Don't rely on those trading bots that has no certainty, and I'm not that confident in using them whenever I trade.

Still manual trading is the best and much effective for me. You can manipulate and have a full control with your asset, you just need to make good strategies and plans. Doing technical analysis is much more helpful so that your actions are precise than using trading bots.

Shimmiry

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★Bitvest.io★ Play Plinko or Invest!

I never used any trading bot because I do not understand it's algorithm. Most of the bots that I've watched losts about almost 50% of the trade. If that will just be the case, I'll just trade with myself.
Recently, I encountered a trading bot called Bitcoin Revolution, you need to deposit atleast 250USD there. And you can start the bot to trade for you. There are a lot of testaments, they are saying that it is legitimate and they are profiting about 1000USD everyday.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: ?? on ??

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.

What is dedication strategy?is that the same as what we called Holding?

when you Buy a coin and support this all the way even what form if created in a certain time.

It can grow tomorrow or fall today but the important thing here is that at least we are able to keep the Holding for that specific time that we think our coin will Pump soon.

beerlover

legendary

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I would say one important part of trade bots that if you are using online ones, you are putting all of your money in danger. Not because the bot company will steal your money, they are making tons of money thanks to you anyway and they do not need to steal anything, this is a very lucrative business that earns people millions of dollars so no need to scam people.

However, it is quite risky because people would want to hack that centralized location and if they achieve it they will manage to take a control of everyone's money and they could pump and dump any coin they want (hard to withdraw them) and take your money away that way. This is why I would say that its crucially important you pick bots that you have to download to your own computer and install it to make it work.

asyakashi

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Just.bet - Decentralized On-chain Casino

Quote from: ?? on ??

Quote from: asyakashi on July 07, 2020, 08:23:29 AM

If there is a bot for latoken trading I need it. I want to try to use bots after various methods do not benefit.
I want to try with a small exchange like Latoken.

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.

I prefer trading in Latoken, easy to predict even though the profits are not large.
I am not very familiar with bot rules, but sometimes I see some users using it.
I think this should be learned again. thanks for the advice

barbara44

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Quote from: kakonhat on July 08, 2020, 07:25:21 AM

No, Never. I don't use trading bot at all because bot doesn't have personal memory to give you profit. Grin

. Bot only can do which you say to do.
However, the main problem to use bot is you can't lear trading in your life because your are depending on your bot. If would like to be a professional trader then you must trade yourself.

That is not true actually.

You say if you are using bots then you can't learn? That is rubbish I am sorry to say because advancement in trading or any aspect require minimal manual work and the ideal stage is when humans only use their brains and bot automate their actions.

if you are setting data into bots and they are just helping you do the trades then what is wrong with it? You are the one ultimately who sets the data like when to make sell and buy orders and what stop loss to set so there is no way using bots take away your intelligence.

Consider an example you travel with cars does that means we are taken away from the freedom of walking? No, if something saves time than just use it for saving time and energy and use it for further advancement.

daneal stev

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Since joining the crypto world and trading field, I have never used to use any trading bot, and I never think of using trading bots, I prefer to carry out trading operations manually because I think that trading manually is much better than trading using bots

kakonhat

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Crypto in my Blood

No, Never. I don't use trading bot at all because bot doesn't have personal memory to give you profit. Grin

. Bot only can do which you say to do.
However, the main problem to use bot is you can't lear trading in your life because your are depending on your bot. If would like to be a professional trader then you must trade yourself.

asyakashi

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Activity: 1918

Merit: 256

Just.bet - Decentralized On-chain Casino

If there is a bot for latoken trading I need it. I want to try to use bots after various methods do not benefit.
I want to try with a small exchange like Latoken.

spike420211

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Activity: 1610

Merit: 372

Quote from: Basel636ghazal on April 06, 2020, 06:47:48 AM

Quote from: coincodecap.com on February 15, 2020, 02:17:41 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?

No, I will not use it, it is not safe
If someone hacked the bot he can place orders to buy and sell

As a rule, it’s not the bot itself that is hacked, but the API keys from the exchange, thanks to which the bot gets account management.
The security of these keys depends on both the user and the security of the exchange. Depending on the access level of the keys, different things can happen, not just buy-sell.

Not_A_Rocket_Scientist

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tradingbot.info

Guys, check out my blog if you want to see field-tested results with paid packages.

Today I have launched Cryptohopper bot and also have tested Bitsgap, TradeSanta and Quadency.

Hope that this information will help you to make a decision which bot service to try.

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