Does someone use trading bots? - page 5.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: mk4 on November 11, 2021, 11:05:55 AM

If a good number of people is using a trading bot that uses the same indicators/strategies, it might end up not being profitable. Hence why the general recommendation is to learn how to actually trade yourself, so you can use your own strategies on a custom-made bot.

Yes, the trend of one-set of trading solutions bot wouldn't be so profitable if all bots were using the same strategies. Personally, I've heard of people building their own to customize it in their visions and for the strategies they're comfortable with.

So the red warning is, don't get yourself involved with a trading bot if you never traded or don't know much about trading as it may cost you more than you think you can earn.

Fatunad

sr. member

Activity: 2226

Merit: 347

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?

Dont ever think that this is a money making method on where most noobs or newbies do believe on that bots could really be profitable compared when they do make out manual trades which is always been a
very bad impression or belief to have in mind thats why you should really clear out those kind of information and experience for yourself on whats the reality of trading bots.You would eventually realize
that this is really just good for automation and it isnt really different when it comes on being profitable because you are still the ones who do make out instructions or settings on what the bot will do
whenever you are far away with your pc or not able to check out your trades.

Sihab76

full member

Activity: 1302

Merit: 100

I don't use trading bots because I am a little holder, investor and trader . Trading bots only for who trade a good amounts and trading all time in different exchanges. But I am using bots in others cryptocurrencies sectors.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Its just a bot not an AI so never ever assume that if you use then you are going to keep making profits with 100% success rate because Jarvis is yet to be created in real life. Wink

Using bots will be useful for people who trade too much and can't keep all these things manually so they just need an assurance which will help you to execute your trades as you wish.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

If a good number of people is using a trading bot that uses the same indicators/strategies, it might end up not being profitable. Hence why the general recommendation is to learn how to actually trade yourself, so you can use your own strategies on a custom-made bot.

Ararbermas

sr. member

Activity: 2016

Merit: 283

I never used bots when it comes trading but i have friends who used bots for short term and he really get good profits from it for 3 months , and what i saw the bots keep updating him every day such how many trades it made and how many losses and successful trade he had after 24 hours.. It's very amazing to be honest because your not doing anything and you have income, that's why that day i can say bots is useful, but for me i don't want to rely on it since i can do full time in trading, so i didn't become interested although i see what he made from it, so i forgot the name of that bots.. Cheesy

SOCAR

jr. member

Activity: 69

Merit: 8

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?

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