Do you use a trading Bot? - page 5. | Bitcointalksearch.org

FanEagle

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Quote from: cassavachips on April 04, 2020, 07:16:15 AM

I suggest not to trade bot because this is something that I think is ridiculous and only detrimental. Usually, new traders will be interested in this way because they think they will get profits easily but the reality is reversed. Trading bot will also adversely affect the market.

There are online bots and there are offline bots, if you are scared of using online bots, you can certainly use offline bots as well and they are quite safe, usually too safe.

Offline bots are the ones you download to your own computer, cut of all online connection if you want while setting it up because you can check the inside of it and it is notifying absolutely nobody, it is just a software on your computer, you can give every single information about you in there and nobody could reach it because nobody gets any info out of it. Then you can write your api information into it and connect to the exchange, no middleman, no extra layers, just you and exchange, which afterwards bot starts to work. Not saying you will make money or lose money, just explaining the benefits of an offline bot.

Basel636ghazal

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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?

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

rexxarofmoknathal

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Like many people on here, I do not use a bot as I don't trust their level of precision. I am always to decide when to sell or buy and because the market can be so volatile it's very difficult to rely on the bot to to the trading for me knowing that the little fluctuation could become large profits/losses within minutes.

sulendra12

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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?

No and I won't. By using bot you are losing something called experience and accomplishment when you get something big than using bot where almost everything is handled by bot and when the bot does the mistakes then you can't blame someone because of your loss but you :p

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

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

I can't talk about that because I don't use bot.

Andrew Parker

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No, I have serious dislike for trading bots. I believe it’s so much better to do manually and I do just that. It’s easier with broker like FreshForex broker. They are truly amazing with their low spreads, high leverage, smooth trading platform and there is 101% Tradable Deposit Bonus, so that makes manual trading super cool.

Becky666

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Ehhhh, am not a fan of trading bots because I want it real and original than artificial. Having full control on my trade make me feel comfortable and less worries compare to when you hand over all the responsibility to an inactive and autopilot not.

Some few years back I had some good friends who were actually using paid bot and would run to me for help in trading. This I see for the years we being together that made me disliked the using of bot but doing the trading myself. This had earned me enough in the my career in trade.

DeadCoin

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Quote from: BitcoinTurk on April 04, 2020, 12:09:12 PM

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 do not use it actively and I do not recommend its use, but if I want to use it, I would like to say a few words about my own experiences.

Yeah, that is right if the user is newbie it is not recommended to use trading bot. Using a trading bot is very crucial because you don't know either how to set it in the right position of buying and selling point you might get lose. But once you have ore experienced I think it is easy for you to recognized and analyze the market price. Once you are a newbie I can suggest using an Etoro trading platform because they have a kind of feature that newbie allows copy-pasting the high earner profile's work.

BitcoinTurk

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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 do not use it actively and I do not recommend its use, but if I want to use it, I would like to say a few words about my own experiences. Many of my transactions were reflected as loss during the periods when I used a trading bot because a large part of the transactions were faulty buying and selling. I have also made purchases from the peak point many times, especially because software with volume tracking feature usually performs purchases when the volume increases. On the other hand, in case of a possible mistake, I think it is useful to remind you that the accounts using the trading bot made erroneous transactions.

cassavachips

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I suggest not to trade bot because this is something that I think is ridiculous and only detrimental. Usually, new traders will be interested in this way because they think they will get profits easily but the reality is reversed. Trading bot will also adversely affect the market.

Spaffin

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Quote from: Granxis on March 24, 2020, 11:37:50 AM

I don't use bots when trading, I think trading is a very niggling thing, so i lost a lot of money as a result of writing the wrong number once, so I try to be very careful. Using bots is dangerous because it means giving all authority to the bots.

Bots are a pretty dangerous thing. You need to either buy a really working bot for a very expensive price without any guarantees,
or write a similar bot yourself, which not everyone can do, and there are no guarantees either. Better to find a mentor and pay him money for training than relying on bots.

It seems to me that a trading bot can bring certain benefits to traders who do not have specific experience in trading, because even making an analysis requires certain knowledge and experience, which of course is not new to beginners. And if you use a trading bot, the software of which should not be in doubt, then in this case for a beginner, trading will look much easier. Although I personally am not a supporter of the use of trading bots, because I myself try to learn all that is needed.

Granxis

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I don't use bots when trading, I think trading is a very niggling thing, so i lost a lot of money as a result of writing the wrong number once, so I try to be very careful. Using bots is dangerous because it means giving all authority to the bots.

Emitdama

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Quote from: XCANA on March 14, 2020, 05:11:04 AM

NO!. Actually doing trade as a human makes me feel am in charge and some sort of inexperience bots with programs for execution. As human taking the right decision on trade make me feel that: am doing the right thing no matter the end result from the trade and so far, I have been enjoining doing my trade without any assistance from any artificial intelligent machine. Being in charge give me the full confidence that am not wrong but on focus.

But, the bots are not doing trades by themselves right? You will be the one operating them and the bot usually only places order for you to avoid human errors.

Although above being said, I also believe in manual trading because it gives me a feeling like I am learning with each trade and I can hold at times when I know a certain coin will rise soon while the bot would just make orders as the market swings so yes manual trading is very good but then big traders always use bots to make sure they can execute maximum trades per day and making sure they use their intelligence to the best effect and not just place orders manually all day.

iv4n

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Quote from: sweetbet on March 23, 2020, 12:59:16 AM

I've never used a trading bot, and wouldn't trust it with my money. Too risky imho.

Do you know why bots are risky? There`re good bots, but set-ups ask for bankroll. You can't apply certain set-up with some low amount of money, most likely you will lose more than you will make money. I tried some free trading bots, but I didn't do well with them. I lost some money, luckily not much and I got back to traditional trading, that's better for me.
There are people who make profit with bots, but believe they have a nice bankroll and anyone who wish to use trading bot should be ready to invest significant amount, without it your trading bot will not make you profit.

Sadlife

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Currently im not, but i like to try one of those, the only reason i dont is because you need to know the parameters and fields to be able to see best results. It's very far from what i'd expected it to be like the one i've seen in youtube video.
Where the guy just run the script and automatically the Bot will trade for you. I tried finding similar like that, but it seems you need to have a coding knowledge.

sweetbet

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I've never used a trading bot, and wouldn't trust it with my money. Too risky imho.

wiss19

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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?

Usually the exchanges are flooded with the bot orders. There are a number of bots being regulated in the current markets. Using bots minimizes our works to speculate the markets all the times. This can be beneficial for us and hence I might prefer you to use bots depending on your previous knowledge about the bot functions.

Bots are not usually easier to understand but might also make profits easier by adjusting trailing, stop-loss etc. You should choose your trading bot depending on the popularity as you would never like to get scammed by a trading bot or even a delay in order might make you face a loss which would be equal to get scammed by the bot.

Rebisco

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Trading bots are not good especially if a trader wants to improve their skills and their knowledge. I'm not against about using it but it is better if we are the one who will execute the trade in order to gain experience and not use trading bots. There are now many people saying that trading bots are ineffective and it is better if we will stay away with it. For those who want to try then it is better if you will only put some of your money.

metenjean

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I trade manually in bitcoin and altcoin without use bot trading, I don't know have effective way for trading using bot because so far I like trading normally and trade depend with situation how bitcoin price. I think will be easy when using bot trading but how to get and worth for trading or not.

rexxarofmoknathal

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Professional traders don't rely on bots to make their profits. They instead use their heads and knowledge they have on the market. I'm currently not using any bots and haven't used them before either simply because I don't trust the market volatility and for the bots to respond quickly and accordingly

Polar91

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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?

I haven't used trading bots but I know how it works. What it does is that it executes orders at certain levels you set. It's very practical for those who doesn't have time to execute their positions but for a trader like me, I don't need them. I feel like manual trading execution is still the best. In terms of my time, I'm trading not for too long as it doesn't need to be like that. As long as you know when to buy and sell, your time in trading won't be wasted for granted.

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