Do you use crypto trading robots? - page 3.

goinmerry

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A trading bot can be more effective for futures or margin trading than spot trading, because when one does leverage trading, he/she must always be active and take entry in a right time, so using a bot, he can take the right entry from futures trading . and he can make some profit. Because it is not possible for a human to be active all the time but it is an easy task for a bot

I think you don't need to use a trading bot on Futures correct me if I'm wrong but I think there's no bot that can be applied in Future trading. In Futures Trading, you can already set conditions without the use of a bot that's why I don't think a bot can help us here.

As far as I know, it's on Futures that you need to monitor manually. Besides, since Futures are risky why do you intend to leave it out of your keyboard? Most users doing that trading type are more of focus different from the approach they are doing in Spot Trading.

South Park

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I have very less experience in crypto trading bot. i didn’t use bot too much for trading . I like manual trading a lot and I do it because it makes a different kind of training fun. I sometimes follow the signals of some trading channels and trade according to my own analysis

I've been using bot last year and I stop, there's more time that I am losing than getting profit from trades. I don't have a trust to any bot right now, some people still use bot especially in futures but I think it will be a lot easier and effective if you have a larger amount of money in your wallet so that the bot can have some DCA and the margin is good, but a person uses a bot needs not to forget cross and isolated for futures.

And it is understandable this has been your experience so far, the only people that can earn profits from bots are the ones selling those bots or the ones which created their own custom bot, the first group is the most obvious one but the second group is made by the small amount of traders out there which cannot only produce profits but they can also code and create their own bot, this means they can code their own strategy into their bot which no one else knows about and this makes the chances their bot makes profits way higher than what your average trader can get with the bot they bought.

sana54210

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Quote from: Franctoshi on October 13, 2022, 01:09:55 AM

I have never used trading bots before in running my trades, but recently I have been thinking about using trading bots due to time consuming factor involved with trading and analyzing the market and sometimes I do miss some buying opportunities which is fine, but I'm considering using the DCA bot for now to accumulate more Bitcoin on weekly basis to see the results and if that is fine I may consider using the spot grid bot too.

I would say that you should stay away from them at this point. Trading bots are what you are, and right now everyone is losing money so of course trading bots are losing money as well. I have been involved with that world for over 5 years and I can easily tell you that people are not making a profit and they are going crazy towards the creators of the bots.

Every seller is acting as if it is the key to success, they all come in and say you could do better than yourself by trading with a bot, but if you are losing money now, then the bot will be losing 7/24 automatically instead, it's very bad. It’s better to wait for the bull period to start using a bot.

Smitty Werben Man Jensen

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I have very less experience in crypto trading bot. i didn’t use bot too much for trading . I like manual trading a lot and I do it because it makes a different kind of training fun. I sometimes follow the signals of some trading channels and trade according to my own analysis

I myself have never even used bots in trading and so far manual trading is indeed more fun,
actually I've heard stories from some people who use trading bots that the profits are not as much as manual,
but regardless it all depends on individual preferences

Franctoshi

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I have never used trading bots before in running my trades, but recently I have been thinking about using trading bots due to time consuming factor involved with trading and analyzing the market and sometimes I do miss some buying opportunities which is fine, but I'm considering using the DCA bot for now to accumulate more Bitcoin on weekly basis to see the results and if that is fine I may consider using the spot grid bot too.

justdimin

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Quote from: Oshosondy on October 03, 2022, 02:57:42 AM

Quote from: awik p on October 03, 2022, 12:11:36 AM

bots work according to the orders that make them while the market doesn't seem to be controlled by anyone, so bots will only work at certain times and we must be able to master it. Of course, we cannot depend entirely on bots, the best thing is to learn the manual even though it requires a long process until in the end we can trade at any time with our own strength. Moreover, many bot sales are actually misused using the pyramid system, and members of the bottom are the victims

No matter how a trader is good, there are times of losses, but if a trader learn how to strategize in a way the time of losses are just unrealized losses in a way the market would correct itself and they will make profit, a good result would be achieved. But what I noticed is that newbie traders only want to focus not on this, but on bots, signals and copy trading. That is why newbie traders keep on losing because they are mostly after looking for ways to gain and not how to mimize their loss. As for me, trading bots are not advisable. I trade manually and if I am exhausted, i will not trade.

Trading bots take away that emotion, that's why they are considered "good". In reality any veteran and good trader would profit a lot more than a trading bot could, but for a newbie this is basically a method where they could leave their emotions out the door, give the bot a good trading strategy, and just let it work as long as it could.

If the newbie is too bad, then they will end up stopping the bot too quickly and cause a lot of trouble, but at the same time this means that we shouldn't be focusing that much on the profit side of the bot, because it could have bad days, but on the long term prospect of it, that's a better approach to understanding them.

FanEagle

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Quote from: gabbie2010 on October 09, 2022, 03:09:16 AM

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I would rather do manual trading than use trading bots. Doing it manually can provide a better experience and can enhance or even develop my trading skills. We can rely on trading bots if we can't fully focus on trading but if we want to determine the strategies that will work for us, better trade without the help of bots. We must always practice our trading skills so we'll know how to deal with risks. If we will always rely on trading both, we can't grow and mature in trading.

I am much interested in candlestick patterns formations responsible for price reversal or continuation in manual trading which bot or Expert Advisor EA for forex traders can't perform or execute perfectly, of course I have a trading strategy which no bot can execute perfectly even after being programmed thus my strategy works best when trading it manually, I read numerous articles on trading bots failure to trigger or perform it trading tasks or incurred streak of losses after ittrigger the trade probably due to a bug on the bot, the best bet is learn to trade manually to gain much needed experience in a long run.

Candlestick trading could definitely get you a good profit in the short term if you could read them right and there is nothing going unexpected in the markets. I have a friend who checks them in a small interval, I really do not know what is small intervals in candlestick trading but he does quick trading, so he buys and then he sells within 10-20 minute windows and does small stuff, and he makes a good profit.

But he always warns that there could always be things that are unexpected in the crypto market that will result with what you do not expect to happen and that will cause a lot of trouble if you are not ready for them at all.

Bitum

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Here is a thread with crypto bots: https://bitcointalksearch.org/topic/--5278392
Here is website: https://allcryptobots.com/
There are many on the market at the moment. The problem, if the bot is reliable, you have to invest a lot of time to work out an optimal settings and strategy. And the market is constantly changing, so you have to adapt the offer to the respective market situation.

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I would rather do manual trading than use trading bots. Doing it manually can provide a better experience and can enhance or even develop my trading skills. We can rely on trading bots if we can't fully focus on trading but if we want to determine the strategies that will work for us, better trade without the help of bots. We must always practice our trading skills so we'll know how to deal with risks. If we will always rely on trading both, we can't grow and mature in trading.

I am much interested in candlestick patterns formations responsible for price reversal or continuation in manual trading which bot or Expert Advisor EA for forex traders can't perform or execute perfectly, of course I have a trading strategy which no bot can execute perfectly even after being programmed thus my strategy works best when trading it manually, I read numerous articles on trading bots failure to trigger or perform it trading tasks or incurred streak of losses after ittrigger the trade probably due to a bug on the bot, the best bet is learn to trade manually to gain much needed experience in a long run.

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Quote from: fifi0547 on September 29, 2022, 02:13:11 PM

I recently came across this site: https://robotscrypto.fr/. I wanted to know if you use crypto bots to help you in your trading?

This site has quite a few, and it seems to work well.

I would love to have your opinion on this thank you! And if you have any crypto trading bot platforms to suggest don't hesitate!

In terms of trading, bots are more useful for those who do day trading. Many times it is not possible for human to trade fast but bot can do it for you very easily. In other cases I am not very interested in using bots. Because as much as I understand about market analysis and current market trends, I don't feel much need for trading bots. Using a trading bot is good but if it is not correct then there is a possibility of losing your assets.

romero121

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This is very helpful for traders who are active for 24 hrs. Even when the trader sleeps, the bot will act in that position and execute trades continuously. In specific the trades get executed for small fluctuation. At a very minimal margin the buying and selling continues to happen.

xSkylarx

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Quote from: fifi0547 on September 29, 2022, 02:13:11 PM

I would love to have your opinion on this thank you! And if you have any crypto trading bot platforms to suggest don't hesitate!

Kucoin has a spot grid bot that I've been using for quite some time now. It's very helpful to me since I don't need to monitor my trading activities. I just set the buying and selling price then the bot will automatically trade for me.

If someone claims that their trading bot guarantees profit then those are definitely a scam.Trading bots are just a computer program that is intended to automate our trading depending on our strategy.

Lanatsa

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Quote from: Issa56 on October 06, 2022, 03:15:14 AM

Quote from: dunfida on October 03, 2022, 05:07:16 PM

If you dont have knowledge on trading then you wont really be able to make use of those trading bots or simply trying out to alter those settings.Yes, there are already bots which had been set already
but you wont really be that mindful on what it is just because you dont have really the idea on what it is.Unlike, on someone who do have that awareness and knowledge
which they could really utilize the benefits or usage of a bot.This is really just simply for automation and this is what most people been having misconception about
bots that they do guarantee out profits which is really not that true.

If you don't have knowledge about trading then I think you should just buy and hold a coin for long term, or you can get knowledge about trading, I always say it that trading bot shouldn't be an option, if you want to stay long in crypto space you don't have to depend on anybody for trading signals or trading bot, why will you use bot when you can easily lose your money at any moment, if trading bots are real I believe by now everyone will have been very rich because we will all be using bot for trading, you might be making money from bot when you start using it but just know that it won't last long.

Would really be that common sense that being an active trader ended up on being a long term holder just because of possible reasons, whether they dont like to deal up with too much volatility or just simply they

had made their investments on negative and ending up on holding for too long.This is actually very situational considering that this market is truly unpredictable, then theres no way that you could really be able
to avoid on making errors.
Speaking about trading robots then it is really good for automation but of course you should have the sufficient knowledge for you to make out some alterations or changes
or edit on the said set-up.

South Park

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Quote from: Issa56 on October 06, 2022, 03:15:14 AM

Quote from: dunfida on October 03, 2022, 05:07:16 PM

If you dont have knowledge on trading then you wont really be able to make use of those trading bots or simply trying out to alter those settings.Yes, there are already bots which had been set already
but you wont really be that mindful on what it is just because you dont have really the idea on what it is.Unlike, on someone who do have that awareness and knowledge
which they could really utilize the benefits or usage of a bot.This is really just simply for automation and this is what most people been having misconception about
bots that they do guarantee out profits which is really not that true.

If you don't have knowledge about trading then I think you should just buy and hold a coin for long term, or you can get knowledge about trading, I always say it that trading bot shouldn't be an option, if you want to stay long in crypto space you don't have to depend on anybody for trading signals or trading bot, why will you use bot when you can easily lose your money at any moment, if trading bots are real I believe by now everyone will have been very rich because we will all be using bot for trading, you might be making money from bot when you start using it but just know that it won't last long.

What a great deal of the people that want to use bots do not understand is that you already need to be a good trader to use a bot, most bots come with a default strategy, but if a great deal of those which bought that bot use the default strategy then you can be sure there is almost no profits to be had with that bot anymore, since the more people use a strategy the more ineffective it becomes, this means you need to input your own strategy into the bot, and this means you need to have programming skills and the ability to be profitable in the markets, two skills which are not easy to acquire.

Issa56

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Quote from: dunfida on October 03, 2022, 05:07:16 PM

If you dont have knowledge on trading then you wont really be able to make use of those trading bots or simply trying out to alter those settings.Yes, there are already bots which had been set already
but you wont really be that mindful on what it is just because you dont have really the idea on what it is.Unlike, on someone who do have that awareness and knowledge
which they could really utilize the benefits or usage of a bot.This is really just simply for automation and this is what most people been having misconception about
bots that they do guarantee out profits which is really not that true.

If you don't have knowledge about trading then I think you should just buy and hold a coin for long term, or you can get knowledge about trading, I always say it that trading bot shouldn't be an option, if you want to stay long in crypto space you don't have to depend on anybody for trading signals or trading bot, why will you use bot when you can easily lose your money at any moment, if trading bots are real I believe by now everyone will have been very rich because we will all be using bot for trading, you might be making money from bot when you start using it but just know that it won't last long.

Ziskinberg

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Quote from: kawetsriyanto on October 05, 2022, 06:05:53 PM

Quote from: deathcode on September 29, 2022, 08:47:44 PM

I don't like trading with the help of robots. although some traders in the crypto market use it. there are only trials, but there are also ambitions to make a profit in the market.

It is not a must to use trading robots, I also prefer to trade myself without robot help.
The traders use trading robots because they probably trade with a huge amount of funds or they have very limited time to trade. So, to be efficient, they use trading robots to help them. But if we only trade with a small amount of money and we have much time to spend, trading robots seems not really necessary.

By the way, don't misunderstand. Trading robots doesn't guarantee profits. It only helps trading activities. Gain profits or losses should depend on the strategy applied by the trader himself.

It is just about to happen that using bots makes us even lazy as we are already dependent on these machines. I'd see successful traders never use this thing or maybe they have tried this but might are preferred to stay where they are comfortable with and that is doing in actual trading. Maybe we could say this is useful for limited-time traders but not actually a helping tool for them if they want to improve themselves.

Well, the sad thing is that people think using bots will help them generate more profit which is not. Bots are still depending on us trader.

kawetsriyanto

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Quote from: deathcode on September 29, 2022, 08:47:44 PM

I don't like trading with the help of robots. although some traders in the crypto market use it. there are only trials, but there are also ambitions to make a profit in the market.

It is not a must to use trading robots, I also prefer to trade myself without robot help.
The traders use trading robots because they probably trade with a huge amount of funds or they have very limited time to trade. So, to be efficient, they use trading robots to help them. But if we only trade with a small amount of money and we have much time to spend, trading robots seems not really necessary.

By the way, don't misunderstand. Trading robots doesn't guarantee profits. It only helps trading activities. Gain profits or losses should depend on the strategy applied by the trader himself.

NicNacCoin

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Quote from: fifi0547 on September 29, 2022, 02:13:11 PM

I recently came across this site: https://robotscrypto.fr/. I wanted to know if you use crypto bots to help you in your trading?

This site has quite a few, and it seems to work well.

I would love to have your opinion on this thank you! And if you have any crypto trading bot platforms to suggest don't hesitate!

I do not use any robots while trading. And neither I nor I know any directions for using robots.But using robotics in cryptocurrencies seems like a little help.Moreover nothing else is complete analysis but you have to do it yourself and you have to take full risk while buying.And especially on robotic trading platforms people don't want to do a lot of trading and neither do we.

rendravolt

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Quote from: kesmex on October 02, 2022, 05:03:54 AM

Quote from: rendravolt on October 01, 2022, 03:17:34 PM

I've tried trading robots before, but the results I got were not satisfactory. Because the results we get are only a few and it's very boring. After I learned to trade on my own by looking for information in articles or YouTube, I was able to make a lot of profit.

I find it more fun and challenging when doing manual trading than using trading robots,
what you have done is a good thing to switch on your own trading without using robots,
now we can take advantage of many platforms to learn

That's right, because I used to be very new to trading so it was very natural that I didn't know what a trading robot was, just curious to try it. But now it is different, all trading knowledge is available in many articles and it is very helpful to learn skills in trading. It should also be noted that sometimes the market is difficult to predict and it is possible that because of bad news your technical analysis can go wrong.

sana54210

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Quote from: dunfida on October 03, 2022, 05:07:16 PM

Quote from: Peanutswar on October 03, 2022, 06:11:47 AM

Before i saw different advertisement with the trading bots and for me it is not ideal because it is all about the algorithm setted in the bot and of course before using those bot you must know how it works not only just using it, also it is good too if you make a trade at your own but if you don't have the capability there's a copy trading now which still with the essence of the knowledge you have checking the trade strategy and history of the one who you are copying.

If you dont have knowledge on trading then you wont really be able to make use of those trading bots or simply trying out to alter those settings.Yes, there are already bots which had been set already
but you wont really be that mindful on what it is just because you dont have really the idea on what it is.Unlike, on someone who do have that awareness and knowledge
which they could really utilize the benefits or usage of a bot.This is really just simply for automation and this is what most people been having misconception about
bots that they do guarantee out profits which is really not that true.

It is 100% not true that bots would ever guarantee any profit. It's clear that bots are just software that will do what you would normally do, but with more coins and for 7/24 and that’s it. It’s you but enhanced, nothing more.

I am not saying that it would make sense in the long run, it’s going to be something difficult to handle and that is why I am going to assume that people would be losing money even when they are not trading with it, because it’s hard to configure it, but after that, it’s just you but enhanced version. If you are a good trader then you will "probably" make more profit with it, if you are not, then you are not going to.

Topic: Do you use crypto trading robots? - page 3. (Read 1116 times)