Does auto trading bot make good profit ? - page 2.

krisvlas

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Quote from: Shogunisback on June 11, 2016, 08:14:19 PM

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Hi! I'm using TradeSanta bot. My best pair is bnb/usdt. Min order value is 10usdt so each order is 11.00 usdt. I use five extra orders.
With 0.35 extra order setting. (Long bot). Only use bollinger signal. HOWEVER, the key is to reinvest your profit into the bot every couple of good days. So your fixed order values gradually increase. Then once I made 10 or more usdt in profit I cash in the profit and start again.

Here is the platofrm - https://tradesanta.com/en

shield132

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First of all, bots can't read and analyze news that's written on news websites. Every news, including political and others, may have a huge impact on the price of the currency you trade with. Bots can analyze charts and other mathematical things without mistakes but that's not only the trading. Also, after all, you need some luck. Trading and luck stand together.
And then, there is another alternative which I would call again auto trading without bot. You can register on eToro and pick the trader you wish and follow them. I didn't have experience with it and personally I don't like if I follow someone's decisions but I think it will be better than just turning on bots.

imstillthebest

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Quote from: mrkfdr on October 28, 2020, 08:05:26 AM

What is considered to be a good profit ?
5% a month ? is good for a bot ?

5 percent for profit for a month is small . i dont have a high standards but that is my first impression before i qoute your post but if your a beginner and you dont trade big , 5 percent can be decent and i forgot that you are using a bot .

bot can automate trade , you dont exert your own physical force to earn that amount . thats much better and there are traders out there that find it hard to earn and they dont use bots yet . humans can act more efficient than bots but that costs us our own energy

Eureka_07

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Quote from: Salauddin1994 on October 29, 2020, 01:54:58 AM

Therefore it is better to trade by researching the market yourself it will increase the knowledge skills and trading strategies can be followed very easily the risk of loss will be less.

Well, there are bots that are just functions as what you wished to them to do.
They will not buy or sell coin(s) if you did not set it for them.
This is automated and needed your lost or gain, you set where you will be buying and selling it.
It's purpose is to have you order again without the need of you being there for that particular order.
Bots doesn't always have to be self automated, there are some that needs you to set, where you prefer to buy/sell.

DeadCoin

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Quote from: BuNga_cute on October 27, 2020, 04:06:01 PM

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

Aside from that, even the trading bot is a hassle movement, on the spot you are extremely showing your return and the total profits like for example the auto trading bot it is also good benefits to anyone who needs experience even though it is not safe. Perhaps more people said that this is not applicable but I saw a good impact on many selected traders that accept this lifestyle.

Salauddin1994

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Auto trading bots never make a good profit it always puts you at risk they can't hold the market's caucuses properly it would be your biggest mistake to trade using bots the situation will become more complicated. Therefore it is better to trade by researching the market yourself it will increase the knowledge skills and trading strategies can be followed very easily the risk of loss will be less.

Kong Hey Pakboy

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Quote from: BuNga_cute on October 27, 2020, 04:06:01 PM

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

Automated trading bots definitely will not help make a good profit because it is only a computer program that will help you buy and sell cryptocurrencies at the right time, so it won't help you make a successful trade. Trading bots are only good at managing your portfolios while you are away and not wasting a lot of time; that is why manual trading is still the best way to make a successful trade.

mrkfdr

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What is considered to be a good profit ?
5% a month ? is good for a bot ?

BuNga_cute

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Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

carlfebz2

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Quote from: shawonngp on October 27, 2020, 02:58:10 PM

It's a big mistake to try. Since no one knows what the future strategy of Bitcoin will be at any time, will the price go up or down? So how would a bot make a trade for you in this situation? Try to give some time to your trade so that you are able to earn a good amount by knowing the details of Bitcoin knowingly.

A bot doesnt really have its own action when a certain event do happen.It all matters on how its being set by the user itself.It will really just follow on whats being mandated or whats being ordered to do so.

People do have always that misconception towards trading bot which they do believe that this thing would do the job and hope that it can really make money for them in the end of the day.

It all matters on how you do set it up and it do requires knowledge from us users where it means that profits to be generated will vary on how your settings or trading strategy do works
in spite of unpredictable moving prices.

Just dont make some false hopes that bot are working on this way because it will just frustrate you.

shawonngp

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It's a big mistake to try. Since no one knows what the future strategy of Bitcoin will be at any time, will the price go up or down? So how would a bot make a trade for you in this situation? Try to give some time to your trade so that you are able to earn a good amount by knowing the details of Bitcoin knowingly.

pragna

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Quote from: davis196 on June 12, 2016, 01:05:26 AM

Quote from: Shogunisback on June 11, 2016, 08:14:19 PM

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Bots are for lazy people who want easy money and, in the end, they end up losing everything.

Yes i also think so. Basically trading is learning point of a successful trader. But if anybody use bot he has to depends on boting system forever but his learning would not happen. Personally i dislike it because it makes disturb in trading place for others basically for newbies. So my suggestion is make manual trade by your own research to that gradually you will be more successful man in trading day by day.

thanks.

DevilSlayer

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Quote from: Latviand on August 10, 2020, 08:36:35 AM

IMO, The answer to your question is no.

In automated trading, it is not guaranteed to use an auto trading bot if you want to have an extreme amount of profits.

Manual trading is really much better because you have a full control about your trading and strategy. Plus, you can also know how trading really works so that you can adapt depending on the situation in the market. Don't rely on those auto trading bot that exists in some platforms.

But my friend once told me to try Cryptohopper, but until now, I didn't have any idea how it works, so you can try it if you have some time.

There is still misunderstanding about trading bots because there are some investors and traders think they can earn passively through trading bots where they think the profit is guaranteed. Actually, there are a lot of people who lose money because of trading bots and regretted it because they also paid for it. For those who want earn consistently in trading, forget trading bots and focus on how to trade by yourself.

MCobian

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Of course automated trading bots can generate good profits, that's why some advanced users use them. But for newbies it is
recommended to avoid using trading bots, because using trading bots is not as easy as imagined as well does not guarantee
100% profitable. It requires considerable trading experience and skills in setting up trading bots. Due to a small mistake when
setting up a trading bot, it can result in us losing all the capital we have. There are several recommended trading bots including
3commas, TradeSanta, Cryptohopper and Zignaly.

Latviand

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IMO, The answer to your question is no.

In automated trading, it is not guaranteed to use an auto trading bot if you want to have an extreme amount of profits.

Manual trading is really much better because you have a full control about your trading and strategy. Plus, you can also know how trading really works so that you can adapt depending on the situation in the market. Don't rely on those auto trading bot that exists in some platforms.

But my friend once told me to try Cryptohopper, but until now, I didn't have any idea how it works, so you can try it if you have some time.

patyomnes

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Pinkris128

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To be honest, trading bots are just computer programs that automatically buy and sell various of cryptocurrency at the right time, but most trading bots are not profitable, that is why most traders still trades manually because it is still the most effective to earn good profit in trading even you always experience losses. Trading bots are also good in managing all of your trades whenever you are not at home.

rijaljun

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Quote from: reallester on January 09, 2020, 01:17:31 PM

It's not a bad thing to use bot in your trading. In fact, it's very profitable to use bots. Using bots to trade notes rise and fall in Cryptocurrencies.

You aren't totally wrong, just forgot add more things like bots can't also make you lose in trading. It could give you profit but it can't really learn things, can't changes its strategies, that would lead you to get loss. As long as you can't control it, you should be okay.

Bots are fast in executing trades but human are smarter and wiser in taking decision. So, stay careful in using bot for your trading.

Sadlife

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Bots with good algorithms or trading strategies are profitable especially when you build it yourself because you can always update the code if you wanna add some new strategies. Also if you dont want to build it and want it ready made you could try this specific bots for free. Some of them have trial periods and also some features are disabled in free trial, use it at your own risk i would not be responsible for anything.
Bots are Cryptohopper, 3commas, Zignaly.

adroitful_one

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Quote from: Bezobraznike on January 13, 2020, 04:23:59 AM

Quote from: adroitful_one on January 12, 2020, 11:06:41 AM

Quote from: Bezobraznike on January 11, 2020, 08:27:24 AM

I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

I would suggest you set up Gekko. Google Gekko trading bot and you'll see it's a completely free bot implementation with a lot of different trading algorithms you can play around with. Plus, it even has a live paper trader so you don't have to invest anything at all just to watch it work live. It also has a backtest feature where you can backtest the algorithm you're running for as far back as you would like. It's fun to play around with and it doesn't cost you anything to get started if you don't want to risk anything.

I will try Gekko only because you explained what is Gekko all about. It's free, you don't need to invest anything, I like that
because I don't like to invest in something I don't know nothing about. I will download it and try it, I will have fun and I will
learn something new.
Adroitful_one thanks a lot for sharing this with us, and thank you even more for this nice explanation! Wish you all the best.

No problem! The thing with Gekko is that there is so many different algorithms to use on so many different crypto pairs that you will be playing with it all the time trying to figure out what makes the best profits. You could be trading BTC/USD this week and next week be trading something completely out of the ordinary. It should keep you entertained running backtests on a bunch of different pairs for a little while. It's fun to play with

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