Do you use crypto trading robots? - page 4.

dunfida

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Quote from: Peanutswar on October 03, 2022, 07:11:47 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.

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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.

Danydee72

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If I ever used a bot it would be my own. There is no reason for me ever to let anyone else take control of my portfolio. No foreign code and no foreign person.
There is just too much risk in it. There are already enough risks around trading cryptos (f.e. when using CEX), so I don't feel the need to take any more risks.
If bots work or not is another question and already sufficiently answered. Btw I don't trust people just posting one link and after that disappear. I strongly recommend avoid clicking these links at all.

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Quote from: awik p on October 03, 2022, 01:11:36 AM

Quote from: Eureka_07 on October 02, 2022, 02:16:13 PM

Quote from: fifi0547 on September 29, 2022, 03:13:11 PM

How's your experience using their service? Did you have any profit?

I do not use any, and I think I won't use any of it. First, because I think it is not reliable. I mean, before you use any, make sure that you know exactly every algorithm of the bot that you are buying. Second, trading bots are too expensive, do you think it is even worthy to purchase one? Of you're a risky person, it's fine, but if you do not have a lot of extra money, I would suggest you to keep out of it.

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

If I have to choose clearly I prefer to trade manually even though we really need time to learn it,
using bots is not the right answer to get maximum profit,
think carefully before using bots for trading

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Quote from: awik p on October 03, 2022, 01:11:36 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.

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Quote from: Eureka_07 on October 02, 2022, 02:16:13 PM

Quote from: fifi0547 on September 29, 2022, 03:13:11 PM

How's your experience using their service? Did you have any profit?

I do not use any, and I think I won't use any of it. First, because I think it is not reliable. I mean, before you use any, make sure that you know exactly every algorithm of the bot that you are buying. Second, trading bots are too expensive, do you think it is even worthy to purchase one? Of you're a risky person, it's fine, but if you do not have a lot of extra money, I would suggest you to keep out of it.

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

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Quote from: fifi0547 on September 29, 2022, 03:13:11 PM

How's your experience using their service? Did you have any profit?

I do not use any, and I think I won't use any of it. First, because I think it is not reliable. I mean, before you use any, make sure that you know exactly every algorithm of the bot that you are buying. Second, trading bots are too expensive, do you think it is even worthy to purchase one? Of you're a risky person, it's fine, but if you do not have a lot of extra money, I would suggest you to keep out of it.

TheGreatPython

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Quote from: Kelvinid on September 30, 2022, 06:02:24 AM

I preferred actual trading as I wanted to learn more about trading.
May trading bots seem it works well but not all. But if you have enough time in front of your computer and do trading, I suggest doing it rather than relying upon bots which as we know that was relying on you back and the decision is also coming from you. If you fail to set it carefully, never think it will make its own decision and for sure it will fail as well.

It's not that when you use a trading bot you can not learn anymore but you can always watch the movements of the bot to see if what they are doing but the decision is still up to you if what will you prefer. A trading bot can be pre-configured with a method but it can also allow us to input our own strategies though I think you are right that if we have the time, it's better if we actually do the real thing because bots are only a kind of software and they may not run perfectly.

What if there are some bugs and glitches that the bot can experience along the way? That can only mess up our trades. It's risky especially if we are dealing with larger amounts.

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Trading bot will not work all the time.It’s your money,why you allow other bots to decide your profit and loss.If you want to lose your money,lose with your own strategy.Trading bots are programmed one,it only works based on the certain charts.It may not work properly on the extreme condition.So self analysis are the best one to do trade your own money is my opinion.

Mkelgodson

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No I don't!

You see what works for A may not work for B. Most people prefer to trade by analysing their trades manually. Few people use Bots, to some extent, still monitor the decisions this Bots make on their behalf.

However, if you decide to start using one, I will advise you make your research about the Pros and Cons, as well as the price before acquisition, because there are a lot of them out there, and they are not without their surprises.

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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.

Agree with this point of view. Once, I spent some money on buying a bot, but I found it didn't work as advertised, and I have no idea if I am using it incorrectly or it's really useless. There is almost never a time when I win when use it. But since then I manually analyze and develop my skills although there are risks too. I still feel more satisfied when I lose because my analysis is wrong, than relying on the robot because I put a lot of money into it and I don't get any experience every time it makes me lose.

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Quote from: fifi0547 on September 29, 2022, 03:13:11 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 don't want to use bots for trading. I believe trading is a platform where strategy is always changing. The rules also have to be changed in terms of time. Moreover, bots can be of great benefit to those who trade in large quantities, especially those who are day traders. But I've never used bots before and don't intend to use it in the future.

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Quote from: rendravolt on October 01, 2022, 04:17:34 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

blue_hurricanger

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Quote from: dothebeats on October 01, 2022, 05:12:18 PM

Trading bots can be beneficial if you cannot manage your trades full-time and just need some autopiloting system that still follows your rules when it comes to decision-making. Be warned though that these trading bots, while they work and help you execute trades while you're away, can still commit some errors that can cause you money. You shouldn't rely on them 100% IMO. Trading bots aren't made for passive income, it's made to execute trades on your behalf following your line of thinking. It's still controlled by you, and the commands you issue will also be the things that it will do in order to satisfy the trade.

This is why most traders rather do manual trade. They ain't 100% believe in the bots to keep customers' information confidential. And you either set something wrong with the bots and lost money in your trade, or someone (bot dev) was able to get enough information on your to manipulate your trade to get profit from it. Basically, using the bot to trade has a risk of publicly announcing what you're going to do which puts off many traders.

Maybe bot trading is good for accumulating some altcoins, doing trade repetitively (limit on each order,...) enough that you don't care about it. Else, I don't see any use for it.

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Quote from: samcrypto on October 01, 2022, 06:32:18 PM

Quote from: DoublerHunter on October 01, 2022, 05:43:24 PM

^Definitely right.
I don't know why people think that the automated trading bots made them a passive income which I think is only a tool that can be used in trading while you are away. The automated trading bot will not work without your proper command so if you don't have knowledge of trading, your bot is nothing.
On my own, I don't see any benefit of these automated trading bots, it is just wasting of money and additional cost which is it is good if you will put on your capital. If you are far away why not have a break in trading or spot trading much better for those traders who don't have enough time.

Bot have their own default settings which also states the previous success rate of that bot setting, probably this is one of the reason why many chooses Bot. We can't totally say it's useless or not effective not unless we already experience it, if we see at the top site that offers Bot trading, we can still a good numbers of users which we can conclude that it's effective and it's working based on their purpose. Trading bot might not be ok to us, but to some it works good for them.

I agree with that but I don't suggest this for newbies whose knowledge about crypto trading in not already good. I could say that those who found trading bots working are those who have a long experience in trading as well for they know how to set the buy and sell options and literally familiar with the market trend. It is very unlikely when you are new to this and have no experience in trading for certainly it really hard to do it. Learning the basics is not enough now, it needs something more than that.

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from what is written there it says "automatically according to the technical indicators that have been programmed", of course this is a program that was made and it can be said that it might not be in accordance with the current situation where there may have been many changes, maybe it was good when the program was made.
the program is made according to the situation where the time of manufacture occurs, with the simulation that may have occurred at that time, I personally feel this is not suitable even though it is all returned to anyone who really wants to use it.
it's better to do it manually, adjusted to our own analysis with the factors we know and try to continue to do simulations in order to get the best momentum.

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Quote from: abel1337 on October 01, 2022, 04:54:49 PM

Quote from: blockman on September 30, 2022, 05:06:54 PM

1 and first post and OP was gone after three minutes.
Well, OP is just wanna give that idea that his bot exists and I don't use any of them and if I will then I'll make sure that I've chosen the right one and that has already a reputation that's being used by many.

I think OP is just aiming to advertised his website given that he only has 2 post in his history and the both of his post has the same website included in it.

Yeah, that's what he's likely trying to vent here. It's all about what he's trying to do and just want to let people know that his bot and website exist.

Quote from: abel1337 on October 01, 2022, 04:54:49 PM

Bots which has a high effectiveness commonly has a payment or subscription, Creating a bot requires some skills and even using a bot needs to be knowledgeable in the bot itself. There are some reviews on trading bots here before and there are few members here who are using trading bots to make their trades consistent. You can find the thread here.

There were a few of them that are known and do also ask for payment but that's for upgrade and subscription but they allow users to use it for free but with lesser features.

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Quote from: DoublerHunter on October 01, 2022, 05:43:24 PM

Quote from: dothebeats on October 01, 2022, 05:12:18 PM

Trading bots can be beneficial if you cannot manage your trades full-time and just need some autopiloting system that still follows your rules when it comes to decision-making. Be warned though that these trading bots, while they work and help you execute trades while you're away, can still commit some errors that can cause you money. You shouldn't rely on them 100% IMO. Trading bots aren't made for passive income, it's made to execute trades on your behalf following your line of thinking. It's still controlled by you, and the commands you issue will also be the things that it will do in order to satisfy the trade.

^Definitely right.
I don't know why people think that the automated trading bots made them a passive income which I think is only a tool that can be used in trading while you are away. The automated trading bot will not work without your proper command so if you don't have knowledge of trading, your bot is nothing.
On my own, I don't see any benefit of these automated trading bots, it is just wasting of money and additional cost which is it is good if you will put on your capital. If you are far away why not have a break in trading or spot trading much better for those traders who don't have enough time.

Bot have their own default settings which also states the previous success rate of that bot setting, probably this is one of the reason why many chooses Bot. We can't totally say it's useless or not effective not unless we already experience it, if we see at the top site that offers Bot trading, we can still a good numbers of users which we can conclude that it's effective and it's working based on their purpose. Trading bot might not be ok to us, but to some it works good for them.

DoublerHunter

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Quote from: dothebeats on October 01, 2022, 05:12:18 PM

Trading bots can be beneficial if you cannot manage your trades full-time and just need some autopiloting system that still follows your rules when it comes to decision-making. Be warned though that these trading bots, while they work and help you execute trades while you're away, can still commit some errors that can cause you money. You shouldn't rely on them 100% IMO. Trading bots aren't made for passive income, it's made to execute trades on your behalf following your line of thinking. It's still controlled by you, and the commands you issue will also be the things that it will do in order to satisfy the trade.

^Definitely right.
I don't know why people think that the automated trading bots made them a passive income which I think is only a tool that can be used in trading while you are away. The automated trading bot will not work without your proper command so if you don't have knowledge of trading, your bot is nothing.
On my own, I don't see any benefit of these automated trading bots, it is just wasting of money and additional cost which is it is good if you will put on your capital. If you are far away why not have a break in trading or spot trading much better for those traders who don't have enough time.

dothebeats

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Trading bots can be beneficial if you cannot manage your trades full-time and just need some autopiloting system that still follows your rules when it comes to decision-making. Be warned though that these trading bots, while they work and help you execute trades while you're away, can still commit some errors that can cause you money. You shouldn't rely on them 100% IMO. Trading bots aren't made for passive income, it's made to execute trades on your behalf following your line of thinking. It's still controlled by you, and the commands you issue will also be the things that it will do in order to satisfy the trade.

Topic: Do you use crypto trading robots? - page 4. (Read 1062 times)