Do you use a trading Bot? - page 9. | Bitcointalksearch.org

Mpamaegbu

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Quote from: coincodecap.com on February 15, 2020, 03:17:41 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?

Trading on its own is a complex thing, why make it more complex with automation. Except you're the programmer of the bot, it's highly risky putting it up on your platform to do the trading for you. I know of someone who got a bot to trade for him but ended up losing money until he shut the bot out to save his capital. The bot would make him money then lose some. Make a few dollars then lose a huge one until he yanked it off his platform.

FanEagle

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Quote from: Blackdeath on February 16, 2020, 12:31:00 PM

Artificial intelligence can't really replace human intelligence because we are more precise and practical when it comes to trading that makes other traders don't trust these bots. Automated trading is really not the best option or solution for every traders because no one has become successful in trading from depending to it.

With respect to currently available computing technologies, artificial intelligence will not be possible and what we have achieved so far is only machine learning. Based on sample data, machines may repeat a similar work and nothing more than that. Artificial intelligence is a term heavily misused in the place of machine learning.

Bots are at the bottom line just program codes and the efficiency of a bot is simply based on the coding of its programmer. I am not sure why people are risking their hard earned money by simply believing into some coder's strategy and plans. There will be no easy money in participial world and OP is looking for easy money thorough bot trading, it may end up in big lessons by paying big fee.

carlfebz2

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Quote from: Blackdeath on February 16, 2020, 12:31:00 PM

Quote from: redsun114 on February 16, 2020, 12:21:11 PM

Quote from: coincodecap.com on February 15, 2020, 03:17:41 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?

Not really I use any trading bots but I past I used to have a few scripts which would execute orders for me, then with time I realized human intelligence cannot be neglected and since I have a lot of spare time, I usually never use bots. By the way talking of bots you may want to try gunthar's gunbot if I am not wrong it's pretty good I never used it though.

Mainly when in past I used bots, that was to buy BTC for a certain price and sell it when the price goes up, some people call it setting orders but I never set buy and sell orders instead I used bots to do that, but personally I suggest to do trading of your own.

Artificial intelligence can't really replace human intelligence because we are more precise and practical when it comes to trading that makes other traders don't trust these bots. Automated trading is really not the best option or solution for every traders because no one has become successful in trading from depending to it.

AI been just created by human itself so i dont see that it would go far way more better compared on a human beings reasoning and other aspects.
Using trading bot isnt bad yet we know that we do love automation and all goes or depend on users choice on how he do wants for that bot to execute orders.
The only wrong into this one is that most people do really have that common perception towards bots that it can give out money to them without
doing much effort which is really very wrong.

Blackdeath

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Quote from: redsun114 on February 16, 2020, 12:21:11 PM

Quote from: coincodecap.com on February 15, 2020, 03:17:41 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?

Not really I use any trading bots but I past I used to have a few scripts which would execute orders for me, then with time I realized human intelligence cannot be neglected and since I have a lot of spare time, I usually never use bots. By the way talking of bots you may want to try gunthar's gunbot if I am not wrong it's pretty good I never used it though.

Mainly when in past I used bots, that was to buy BTC for a certain price and sell it when the price goes up, some people call it setting orders but I never set buy and sell orders instead I used bots to do that, but personally I suggest to do trading of your own.

Artificial intelligence can't really replace human intelligence because we are more precise and practical when it comes to trading that makes other traders don't trust these bots. Automated trading is really not the best option or solution for every traders because no one has become successful in trading from depending to it.

redsun114

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Quote from: coincodecap.com on February 15, 2020, 03:17:41 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?

Not really I use any trading bots but I past I used to have a few scripts which would execute orders for me, then with time I realized human intelligence cannot be neglected and since I have a lot of spare time, I usually never use bots. By the way talking of bots you may want to try gunthar's gunbot if I am not wrong it's pretty good I never used it though.

Mainly when in past I used bots, that was to buy BTC for a certain price and sell it when the price goes up, some people call it setting orders but I never set buy and sell orders instead I used bots to do that, but personally I suggest to do trading of your own.

jhonjhon

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Personally, I don’t use trading bots because firstly, bots works based on what the programmer set it up and we already know that bitcoin can be very unpredictable and the factors affecting the price isn’t the same always and sometimes it’s a combination of factors. Secondly, bots cannot make changes on the trades right away unless if the creator changes it right away. However, bots can also be good for those who doesn’t have all the time in trading just make sure you chose the right and best bot for you.

sheenshane

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To be honest, a trading bot is not advisable to the beginners because they don't know how to play the market, it's better for them to have a manual execution of trading. Also, probably they will get hacked of trusting their exchange API to the third party bot.

But, if you are an expert on the market the trading bot is very useful for you. It allows you to place orders on your behalf by predefined and pre-programmed rules, so you don’t have to do it manually. It will analyze market actions such as when the buying or selling point needed. So, your execution that time will spend is to make faster and it will automatically be executed and generating profit even while you are sleep.

I also may advise avoiding using free bot service, there are high chances that they don't seem to be trusted.

Wintersoldier

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Quote from: michellee on February 16, 2020, 04:46:26 AM

Right now, I don't use bots because if I am using bots, I cannot learn how the market changes, and I cannot get something to improve my trading skills. I know that using the bot will help me to automate the trading process, but I cannot have a chance to get better skills. Besides that, if I use the bots, I will need to monitor the bots because the market will always move to somewhere that I cannot predict, and if the bots cannot be set correctly, then I will not make a profit.

Trading bots can't really help you from improving your strategy because trading bots was only made to help you managing your time and your portfolio while you are away or don't have any time. Trading bots will not really help you to have a successful trade, that is why it is much better to trade manually because it will help you to enhance your skilss in trading for you to earn more profit.

michellee

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Right now, I don't use bots because if I am using bots, I cannot learn how the market changes, and I cannot get something to improve my trading skills. I know that using the bot will help me to automate the trading process, but I cannot have a chance to get better skills. Besides that, if I use the bots, I will need to monitor the bots because the market will always move to somewhere that I cannot predict, and if the bots cannot be set correctly, then I will not make a profit.

nydiacaskey01

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I use a trading bot, gun bot starter, it helps me to trade even when I am not infront of my pc as long as my pc is online, my bot will trade for me based on the settings that I entered. One thing that newbies need to understand about trading bots, its not a get rich quick machine. It will not select a coin for you. Is still you who needs to check which coin to buy and which coin to sell in your portfolio.

SquallLeonhart

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Quote from: el kaka22 on February 15, 2020, 04:17:31 AM

I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots.

You are the best? Hmmm nice to hear. How much time you are taking for your trading on regular basis. If you find time to share about your strategies and other plans that would be a big help for his community. Many trading aspirants here including me, are deliberately looking to find methods for profitable trading, when we are finding anything fruitful, we are slowly moving to bots.

Few bots are good in my experience but you need to watch them time to time to modify the parameters according to market fluctuations. Some other bots need your approval for entering a position and this way you may minimize your losses. But, people are looking for fully automated way of trading but in my experience, hybrid trading bots are somewhat profitable.

xvids

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I never used bots before I like to do it manually I like to keep my eye on my money.
I don't want to rely on bots I want to learn from my experience.
We could learn more things and enhance our skills by doing it manually.

maydna

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No, I don't use bots for trading because I feel it is not easy to always stay in front of the computer to monitor the bot run even if we already set the parameter related to the current market. Sometimes, we need to adjust the bots because the market is moving up or down, and we cannot always use the same strategies. Besides that, we need to know how to make a fast adjustment with the movement of the market because if we are late to set the new parameter, we will be late to do something, and that can make us get lost.

But using the bot will help us to automate the trading process, and if the market does not move too fast or too slow, then we can do another thing while we can back to monitor the bots. But still, I prefer to do manual trading because I can enter the market if I see there is a chance for me to buy or sell the coin.

TheGreatPython

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Quote from: alani123 on February 15, 2020, 06:17:21 AM

Trading bots tend to disappoint in the long rum. It's like gambling for the most part. They can provide a small prpfit or a huge loss. They don't really have a proven predictive ability. Most just provide the toolset needed for users to develop their own 'config', which is just another way of saying "you pay us so you can get the liability while losing money".

I don't think how gambling can be considered as trading when using bots for trading, because the bot is doing nothing but creating buy and sell orders on exchanges and for gambling the bot just goes against a house edge so doesn't make sense to me.

Quote from: CryptopreneurBrainboss on February 15, 2020, 08:16:50 AM

learn the process, it's more enjoyable and beneficiary than patronizing any bots. Personally, I haven't traded with any bot although I'm not saying they're totally wrong or scam but majority are since the space is unregulated.

Well I sort of agree with you but then once you have learned the art of trading then actually it's best to use bots and automated scripts, I mean if you cannot make your business on auto-pilot mode then it's not worth investing time in it.

I see bots as time saving units that would do nothing but save time as we enter data in the bot so it's obvious the bot is not gonna make decisions of its own.

rajsimran

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No,I don't use trading bot because I am afraid of trading bots.I saw many posts there so many trader claimed that trading bot is shit ( maybe some are good I don't know).They losts there money because of trading bots.After reading so many bad reviews I don't use trading bot's and recommend peoples for using trading bots.Try to trade manually.

4IRIK

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Hi! I do not use earning bots (but 3commas probably is a good one)

Personally I highly recommend a risk monitor and stats reporting assistant. This is the only app I use and it helped me to increase my profit a lot.
It controls risks at several accounts (not like a stop loss, it has more options) and makes advanced reports.
Here it is - https://www.bitinsure.com/

princerepon

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Quote from: coincodecap.com on February 15, 2020, 03:17:41 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 don't use trading bot or i haven't any favorite one. And i don't recommend anyone to trade with bot because it's always risky for your asset. I think always monitor/trade personally your asset is the best idea. May be you can earn some profit in first time but end of the day you'll risk your asset. If you really want profit from trading then you should be learn How it works.

dunfida

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Quote from: perla on February 15, 2020, 12:05:03 PM

Quote from: coincodecap.com on February 15, 2020, 03:17:41 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 am manual trader because i can't get good setting for bot, my friend said that "you must create your own setting" so until now i prefer to use manual trade. And i think with manual trade i am not rely my investment in bot and only to myself.

It isnt really bad to make use of bots for sometime specially if you are away from keyboard because not all the times we've been facing our monitor all day unless
if you are an active trader then its considerable but using bot does really help on some cases but totally not ideal if you rely on it.

Sometimes ive been using bot when im away or on transit.Settings would really vary or depend on the user because if you dont know on what you are doing
then pretty sure you would burn your entire balance.

bitbunnny

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Honestly, I don't trust trading bots. To my opinion they can't help you in some significant way because I don't believe they can't replace human thinking and decision making as well as fast adaption to new situation in the market. You will not make profit just because you will use bots, that is for sure.
It's your decision to use bots or not but at the end you will probably be disappointed.

beerlover

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To be perfectly candid, I would like to say that trading bots are a big risk to everyone who uses them and also at the same time people everywhere who want to trade themselves. It is a great thing that they are so easy nowadays that even a 10 year old can install and use it, however that doesn't change the fact that bitcoin is a marvelous but unpredictable thing that people can't really know what will happen, so whatever the bot does is the thing you tell it to do and since you can't possibly know what to do, your bot won't know what to do neither.

No bot in the history of mankind worked as in "put money on your account and click start, collect profits", that is not possible and will never be because different markets require different algo and that is where human intervention is needed.

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