Does someone use trading bots? - page 3.

doomloop

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Quote from: Taskford on November 24, 2021, 11:09:14 AM

Quote from: carrigan on November 24, 2021, 09:27:56 AM

Yes, there must be someone who uses bots for trading. But it wasn't me and for some reason I wasn't interested in it. I feel capable and have the time to trade independently. Maybe some people use bots to save more their time or because they have too much work but still want to trade so the way to go is to use bots. Bots themselves can also do their job well and even make a profit.

Yes I saw several people seeking some bots but actually this will never guarantee that we can earn since it has a chance to lose for certain instance. And I also not interested to use this since its not fun to do trades by using that since we cannot learn something deep unlike we do it manually. But this will matter depends on what people like since there are rich guys there who can spend a lot of money to buy some bots to have trade for them.

If you configure your bot properly and you have a decent bot then there is a chance that you could never "lose", all you will have a ton of bags that you will hold. However, assuming you deal with known high level stuff, things like btc/usdt, eth/usdt, btc/eth, usdt/bnb and so forth so forth then you would not be holding them for too long. There is a good chance that you could actually program your bot in a way that it either gives you a profit right away, or it waits until it gives you a profit until the prices go back up. That is how I used mine back in the day but unfortunately it started to be a little funky and I decided to stop using it.

Taskford

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Quote from: carrigan on November 24, 2021, 09:27:56 AM

Yes, there must be someone who uses bots for trading. But it wasn't me and for some reason I wasn't interested in it. I feel capable and have the time to trade independently. Maybe some people use bots to save more their time or because they have too much work but still want to trade so the way to go is to use bots. Bots themselves can also do their job well and even make a profit.

Yes I saw several people seeking some bots but actually this will never guarantee that we can earn since it has a chance to lose for certain instance. And I also not interested to use this since its not fun to do trades by using that since we cannot learn something deep unlike we do it manually. But this will matter depends on what people like since there are rich guys there who can spend a lot of money to buy some bots to have trade for them.

carrigan

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Yes, there must be someone who uses bots for trading. But it wasn't me and for some reason I wasn't interested in it. I feel capable and have the time to trade independently. Maybe some people use bots to save more their time or because they have too much work but still want to trade so the way to go is to use bots. Bots themselves can also do their job well and even make a profit.

GeorgeJohn

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I even seem bot as a means of wasting of time, because a friend of mine that normally use bot for trading just gave me a small hit of bot, then after his explanations via bot machine kind of trading, then i just understand that can only get small amount of profit when using it, because the money used for it's subscription exhaust it's very obvious that the automated machine will stop by itself until you subscribe another one, so have to reason, bot is trading the money you input in it and is generating a small amount of profit, is better i trade manually than bot from my own perceptions.

dunfida

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Quote from: Silberman on November 22, 2021, 04:47:32 PM

Quote from: goldkingcoiner on November 19, 2021, 06:21:29 PM

I have two issues with using trading bots. The first issue would be that I don't feel like I could trust a trading bot not to make mistakes which could lose me all my money. Programs aren't perfect and not even modern AI can be deemed anywhere near human intelligence in most cases. Secondly, if there was a trading bot that was powerful and could make good trades even better than humans, then nobody would sell it. Why sell it if you could make more money by being the only one using it? No bot competition.

So one way or another, I prefer good old human brains. Grin

There is one way in which both of those problems can be solved and that is by coding your own bot, if you have a strategy that works and you are an expert at using it then coding a bot that trades in the exact same way is not has hard as it may sound, this way you can be sure the bot does not hold any malicious code or makes mistakes as you are the one creating the code while at the same time you know it is using a good trading strategy as it is the one you are using to beat the markets.

Not all are programmers or developers on suggesting out coding a bot on your own and set it out according on your likings which could be possible but not attainable or possible for all people because only a few could able

to do so thats why we do have some bots being created now which could be trusted too and you should stick with that.The very common mindset that we do see on why some people do make use of bot is that they do

really believe that it would profitable if they would make use of it but we know that reality doesnt really work that way yet you would still need to set it on your own to make it effective.

Silberman

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Quote from: goldkingcoiner on November 19, 2021, 06:21:29 PM

I have two issues with using trading bots. The first issue would be that I don't feel like I could trust a trading bot not to make mistakes which could lose me all my money. Programs aren't perfect and not even modern AI can be deemed anywhere near human intelligence in most cases. Secondly, if there was a trading bot that was powerful and could make good trades even better than humans, then nobody would sell it. Why sell it if you could make more money by being the only one using it? No bot competition.

So one way or another, I prefer good old human brains. Grin

There is one way in which both of those problems can be solved and that is by coding your own bot, if you have a strategy that works and you are an expert at using it then coding a bot that trades in the exact same way is not has hard as it may sound, this way you can be sure the bot does not hold any malicious code or makes mistakes as you are the one creating the code while at the same time you know it is using a good trading strategy as it is the one you are using to beat the markets.

Fivestar4everMVP

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I've only tried using trading bots on kucoin exchage once, that was few months back, I really did not understand anything about bots trading so I set the way kucoin set it, I didn't configure or change anything to my own preference, the end result was that the bot helped me loose some money though not really significant, though I believe it's because I didn't probably know how to set the bot, but since then. I've never tried trading with a bot again.

Tumanggor

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Don't rely too much on trading robots when trading because trading bots are just a trader's tool

if you are a novice trader and just trying trading bots then you will find it difficult to make money unless you buy expensive full trading bots

try to learn first trading with small capital, if trading suits you then you can try using a trading bot

RealMalatesta

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Quote from: Hobo66 on November 20, 2021, 12:55:13 PM

Currently, a large number of people use trading bots. It enhances the yield and improves a person's chances of producing money. It is capable of determining the time and assisting in trading at a logical time.

This must be one of the misconception about crypto trading. If there are profitable trading bots are available then by this time we might have many billionaires out of crypto trading within this community but I am not seeing anyone sharing like that but most of the people from this community are always negative about making use of trading bots due to its less effectiveness.

Trading bots might get your profit in some stable market conditions and when market conditions are getting into extreme volatility then those bots will go silent or getting you negative profit yielding signals.

Because all the market conditions cannot be covered by few program coding which is the problem with trading bots as of now. Human brain cannot be matched with any programming codes by the currently available technology. So, always manual trading must be better and profitable in long run.

Hobo66

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Currently, a large number of people use trading bots. It enhances the yield and improves a person's chances of producing money. It is capable of determining the time and assisting in trading at a logical time. Trading bots come in a variety of forms, and it is up to the individual to decide which form of trading bot he wants to use. If you have no prior experience with bots, it does not appear to be a good idea to utilise them. Because you can't utilise it if you don't know how to use it.

Ziskinberg

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It is probably there are some traders who use this but not sure if this works on them or not. That I think they need to confirm it in order to save from people doubting the credibility of this tool. I have to admit that I don't trust them nor even have the guts to try either coz till now no one had ever to say that they got a positive results upon using trading bots. Or maybe, they are afraid that someone would ask them.
But for me, I was very comfortable in manual trading...I'm not spending the whole day on the computer and trading every day, so it wasn't a need for me to think about using bots on my behalf to work 24 hours.

goldkingcoiner

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I have two issues with using trading bots. The first issue would be that I don't feel like I could trust a trading bot not to make mistakes which could lose me all my money. Programs aren't perfect and not even modern AI can be deemed anywhere near human intelligence in most cases. Secondly, if there was a trading bot that was powerful and could make good trades even better than humans, then nobody would sell it. Why sell it if you could make more money by being the only one using it? No bot competition.

So one way or another, I prefer good old human brains. Grin

DoublerHunter

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Quote from: Silberman on November 19, 2021, 05:03:34 PM

Quote from: Slow death on November 15, 2021, 07:00:21 PM

as everyone has said the best thing you can do would be to trade without depending on the bot, according to the various observations I've seen in the past the bot can give low profits, but they are not guaranteed and there are times when they simply create losses for you. that's why I don't see the advantage of using bot to trade. but in case you want to use bots, you can search for good bots on this forum and test for a few months to see the effectiveness

Bots can in fact give some advantages to traders but the main advantage a bot can give you is that it can trade the markets without rest and without mistakes for as long as you want, this is not possible for any trader, the bot could increase your profits just by being able to watch the markets all the time and watch more markets than any human could be able to pull off on its own, but when it comes to pure trading ability I still think humans are leagues above any bot.

^ Definitely right because a bot is just a tool that can be used by humans but not exactly the bot will work on their own.
There is nothing wrong if you will use a bot as long as you are a long-time experienced trader, bots are very risky on newbies, they will probably think that bot will work on their own just to generate profit but the fact it is not. Some experts that I have known in trading have been used this automated trading bot because when you are away from your computer you can use a bot to cut your losses.

Silberman

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Quote from: Slow death on November 15, 2021, 07:00:21 PM

as everyone has said the best thing you can do would be to trade without depending on the bot, according to the various observations I've seen in the past the bot can give low profits, but they are not guaranteed and there are times when they simply create losses for you. that's why I don't see the advantage of using bot to trade. but in case you want to use bots, you can search for good bots on this forum and test for a few months to see the effectiveness

Bots can in fact give some advantages to traders but the main advantage a bot can give you is that it can trade the markets without rest and without mistakes for as long as you want, this is not possible for any trader, the bot could increase your profits just by being able to watch the markets all the time and watch more markets than any human could be able to pull off on its own, but when it comes to pure trading ability I still think humans are leagues above any bot.

Lanatsa

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Quote from: palle11 on November 17, 2021, 02:05:30 PM

Quote from: SOCAR on November 11, 2021, 08:23:50 AM

How do you feel about trading bots? Have you ever used it and can you advise something about this?

Bots are not easy just like trading too. Trading with bots have generated some complaint. For me trading Is better than bots because I understand that no way is easy , cutting short cuts with bots is still no guarantee because if it is so easy then every bots user will have success story. So staying with trading takes patience and passion.

Of course you wouldn't able to know on how to make use bots if you don't know on how to trade in the first place and its just a tool for you to automate your trading which means that it has nothing to do with those success stories because it is really simply just on users skills and knowledge.

Its a wrong perception that bots turns out to be profitable than on doing manual which is really wrong.

You do have need to some knowledge on how you do set up your own bot according into your preference when you are away from your pc.

teosanru

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Quote from: SOCAR on November 11, 2021, 08:23:50 AM

Hello everyone.

Recently I became interested in the topic of trading bots, so I decided to study the information about it. After reading several articles, I realized that there are many different opinions and therefore it is very difficult to decide for myself whether to use bots well or badly.

So I decided to try a few bots. I drew attention to the bot announcement from NWC. I think it's better to use software from a well-known company. This gives more confidence in a good result. As far as I understand, a bot for testing on historical data uses certain algorithms to automatically detect the most important patterns on the charts.

However, is it possible that, in addition to simply detecting patterns, the bot also calculates the technical price target and looks at how many patterns reach it, so that the percentage of success of the trade can be determined?

How do you feel about trading bots? Have you ever used it and can you advise something about this?

I think trading bots of third party companies are risky and also not that profitable in a longer run. Unless someone has made a tailor made software for you which delivers result or you on your own have made a bot, don't go for them. I don't recommend falling in prey of these software developers because most of these softwares are unaudited which means their code might contain a bug and just a small bug might ruin your entire capital. Another reason why I say this is because if bot trading was so profitable why haven't everyone shifted on them, bots have been here for years now? There are hardly any retail traders that use bot.

xSkylarx

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Quote from: SOCAR on November 11, 2021, 08:23:50 AM

Hello everyone.

Recently I became interested in the topic of trading bots, so I decided to study the information about it. After reading several articles, I realized that there are many different opinions and therefore it is very difficult to decide for myself whether to use bots well or badly.

So I decided to try a few bots. I drew attention to the bot announcement from NWC. I think it's better to use software from a well-known company. This gives more confidence in a good result. As far as I understand, a bot for testing on historical data uses certain algorithms to automatically detect the most important patterns on the charts.

However, is it possible that, in addition to simply detecting patterns, the bot also calculates the technical price target and looks at how many patterns reach it, so that the percentage of success of the trade can be determined?

How do you feel about trading bots? Have you ever used it and can you advise something about this?

I believe what is known with this is EA into MT4 platform, and my point of view with this is that it is really working if you have a lot of money, but it is risky. I found a lot of EA before and tested them in demo, some are promising and some are not, but there is one that I am really impressed with because it follows the trend, the strategy was about trend follow which is kinda bot but it is better to use it as an indicator to minimize losses but bots are not as good as us humans because they were programmed. I would rather use all of the indicators rather than the bot.

palle11

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Quote from: SOCAR on November 11, 2021, 08:23:50 AM

How do you feel about trading bots? Have you ever used it and can you advise something about this?

Bots are not easy just like trading too. Trading with bots have generated some complaint. For me trading Is better than bots because I understand that no way is easy , cutting short cuts with bots is still no guarantee because if it is so easy then every bots user will have success story. So staying with trading takes patience and passion.

sana54210

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Quote from: SOCAR on November 11, 2021, 08:23:50 AM

Recently I became interested in the topic of trading bots, so I decided to study the information about it. After reading several articles, I realized that there are many different opinions and therefore it is very difficult to decide for myself whether to use bots well or badly.

So I decided to try a few bots. I drew attention to the bot announcement from NWC. I think it's better to use software from a well-known company. This gives more confidence in a good result. As far as I understand, a bot for testing on historical data uses certain algorithms to automatically detect the most important patterns on the charts.

Do not really hope that much from trading bots, everyone around here trying to calculate the most absolute precision to their bots in order to make a profit but if you are working that hard then is it really the bot that is great or is it actually you? I personally believe that there is a good chance we could actually end up with something that is more profitable if we manually do it or just set up notifications in our phone (or pc) and just do it ourselves. Why? Because, there are situations where it would be smarter to actually check if it is actually the thing you want to hit or is something out of normal happening, that way you would be at least in control over the situation.

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For me, I have previously used a free robot as an experiment, but I did not like it very much, although it brought me some profits. There are many things that you need to know to set up the robot correctly. The robot will not give you good results unless you have enough experience in setting up the robot.
The bot is good for those who do not have enough time to trade because the bot will do it all the time for you and you will not have to repeat orders continuously, but frankly I prefer manual trading because there are some negatives, for example, some coins whose prices rise significantly, but the bot will take the profit that was made Put it in the settings and in this case you will have lost a great opportunity to achieve greater profits, also for the stop loss, if the price of the coin falls to the stop loss point, the robot will sell immediately with a loss while I prefer to keep the coin for a period of time until it returns to the rise.

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