Being someone from the IT field, I can say that with machine learning and Artificial Intelligence, we see a lot of robots created. The last one that I heard was AI VOLTEX, because I see their ads maybe once a week on instagram.
That said, these robots by humans, and therefore, these humans have trained the robots to trade much like the creators trade. But then, there are some emotional and psychological triggers that these robots won't copy, that's why they are only robots.
I could also create a robot and train it to watch price action and the robot will understand and start executing the trades. But it won't have tha emotional or psychological effect on any trades. It's just sell or buy, based on the strategy it got trained.
Now, if you have a, let's say 80% win trading strategy for some forex pairs, or stocks, I believe you could build one and apply it to those pairs or stocks, and not to the overall markets. The Robots we see nowadays are like, use it for every trade on every pair or stock available. That for me, is a very wrong approach!
Topic: Does using trading Bots is more profitable than conventional trading? (Read 618 times)
August 01, 2020, 04:41:26 AM
August 01, 2020, 01:36:50 AM
It depends on many different aspects. Using bots is really effective if you know how to use it and find out a strong bot. There are many stupid bots which can cause you to lose a huge amount of money. Many people just want to obtain money without thinking about others's pockets. I suggest you should learn to build a bot by yourself. There are many sources in which you can learn and earn different knowledge. Find an edge of yourself and start writing your own trading system
Trading in traditional ways is not always bad. If you can control your emotions and understand your money management, you will definitely be rewarded. Moreover, you will become more confident, no longer susceptible to pain and loss. Just find a suitable way to benefits your desires
Many of that stupid bots are free Trading in traditional ways is not always bad. If you can control your emotions and understand your money management, you will definitely be rewarded. Moreover, you will become more confident, no longer susceptible to pain and loss. Just find a suitable way to benefits your desires
I think building a bot takes time and OP is finding bot to use because he has his stable job which I think occupies most of his time. OP can just use reputated bots. This might help you
https://www.finder.com/ph/cryptocurrency-trading-bots
The trading bot will perform as good or as bad depending on how the trader is going to configure it. In the first place, trading bots should mostly just be used to decrease your trading work, not completely take over and run for long periods of time without your input.
In the end, everyone trades differently though, so results will also obviously be different. Probably try it out instead, then decide if using bots is the right choice or not.
That's right, Positive results from trading bot mostly came from the good deployment of configuration and maintaining it.In the end, everyone trades differently though, so results will also obviously be different. Probably try it out instead, then decide if using bots is the right choice or not.
You can also use copy trading on other platforms if you want to reduce your time spending on trading.
Hello,
I myself is looking to get a bot as well so am doing as much research as possible to get a bot. Are these bots you posted any good ?
July 31, 2020, 11:22:42 AM
I do not think it is profitable to use bots unless you have those bots that trade with milliseconds but I do not think, most bots are those that use marketing and a little fantasy to sell you that product, in my experience I used it at some time but it was almost the same as doing it manually.
July 31, 2020, 09:54:24 AM
Use bots only to lessen our time in front of the computer to monitor market activities, not to make our trades become more profitable. Using a bot still requires expertise in trading and also a way to setting the bot to be used and this is the reason why I prefer conventional way or manually though need more time to see the chart.
No, the successful use of the bot does not depend on your trading experience. From my experience, I have noticed that getting a profit depends on whether the market is bearish or bullish. In a bull market, all orders are closed with a profit, as the price of the coin increases. And in a bull market, orders are not executed, because the price can quickly go down.
July 30, 2020, 05:51:37 AM
I don't use trading bots to trade Trading bots appear to be tons of risk to me I don’t believe trading bots are more profitable than conventional trading they can not follow trading strategies properly. Can't tell the ups and downs of the signals therein case there's a risk of losing sufficient capital I even have made tons of profit by trading manually and it's much safer than bots.
you are the one that will load the strategy to the bot . if the bot didnt follow what you taught to them that only means that the bot is faulty but you can use other bots that dont have issues .
bots can detect a signal but what i know is that bots only automate you trade but idk if theres a seperate bot for getting signals . congrats because your succesful on trading . continue what your doing , trying others strat can only make your work disastrous
July 29, 2020, 05:42:47 PM
I think using trading bots doesn't make it more profitable than conventional trading. Because it depends on us to configure
the correct strategy for the bots, so trading bots is not really automatic. Trading bots only help traders so you don't need
to monitor the market often. Unlike conventional trading, which must monitor the market frequently, so the conclusion is
using trading bots does not guarantee becomes profitable.
I have of the same approach as well. We can't just totally depend on bots to operate, likewise, it needs hands to make a specific task to do. It only lessen the time for a trader to take a sit in front of the computer but above all, as a trader, you are still in control of everything of what the bots will do. This means that if we are good in conventional trading, we can also be good in using bots but in never guarantee that we gonna be profitable.the correct strategy for the bots, so trading bots is not really automatic. Trading bots only help traders so you don't need
to monitor the market often. Unlike conventional trading, which must monitor the market frequently, so the conclusion is
using trading bots does not guarantee becomes profitable.
Things like we are just using bots in the absence of our presence for a short period of time or while we do something around but we can't leave it the whole day to run.
Trading using bots is good when we don`t have time to focus in trading. Just like, when we will attend to the party or vacation. But as a trader, we should not depend all our performances in trading bots. We talk about here the capital that we risk in trading. Therefore, we must handle it with care. Depending out trades in bots may also end in loss. Even, we can set the stop loss.
If we handle our trades, we can execute it in proper ways.
July 29, 2020, 05:30:58 PM
I think using trading bots doesn't make it more profitable than conventional trading. Because it depends on us to configure
the correct strategy for the bots, so trading bots is not really automatic. Trading bots only help traders so you don't need
to monitor the market often. Unlike conventional trading, which must monitor the market frequently, so the conclusion is
using trading bots does not guarantee becomes profitable.
I have of the same approach as well. We can't just totally depend on bots to operate, likewise, it needs hands to make a specific task to do. It only lessen the time for a trader to take a sit in front of the computer but above all, as a trader, you are still in control of everything of what the bots will do. This means that if we are good in conventional trading, we can also be good in using bots but in never guarantee that we gonna be profitable.the correct strategy for the bots, so trading bots is not really automatic. Trading bots only help traders so you don't need
to monitor the market often. Unlike conventional trading, which must monitor the market frequently, so the conclusion is
using trading bots does not guarantee becomes profitable.
Things like we are just using bots in the absence of our presence for a short period of time or while we do something around but we can't leave it the whole day to run.
July 29, 2020, 04:23:29 PM
Use bots only to lessen our time in front of the computer to monitor market activities, not to make our trades become more profitable. Using a bot still requires expertise in trading and also a way to setting the bot to be used and this is the reason why I prefer conventional way or manually though need more time to see the chart.
Bots not just lessen trading time but also help you in a lot of other ways like there can be arbitrage bots which buy a coin in some exchange and sells it on another exchange at a higher price.I haven't used any bots much apart from basic scripts but a friend of mine who also does crypto trading told me that there is a gunbot that works pretty good and while I never used it, he told me that you just have to find a good bot that is allowed by the exchange and is trusted then profits are much more easier but also keep in mind you can loose everything you wake up next morning.
They do make it as a money generating tool without even realizing that it would be need to set by the user or trader itself.It wont work as you do expect since this do require your basic
knowledge and command it on what to do on a specific trading situation or market movement.Profitability will much more felt if you done things manually.
Bot is for automation and theres no other reason behind.
July 29, 2020, 04:09:50 PM
I think using trading bots doesn't make it more profitable than conventional trading. Because it depends on us to configure
the correct strategy for the bots, so trading bots is not really automatic. Trading bots only help traders so you don't need
to monitor the market often. Unlike conventional trading, which must monitor the market frequently, so the conclusion is
using trading bots does not guarantee becomes profitable.
the correct strategy for the bots, so trading bots is not really automatic. Trading bots only help traders so you don't need
to monitor the market often. Unlike conventional trading, which must monitor the market frequently, so the conclusion is
using trading bots does not guarantee becomes profitable.
July 29, 2020, 03:10:56 PM
The debate about trading bots and conventional trading are already over and there are now many traders who proved that conventional trading is more good and profitable to use. Those traders who are using trading bots are the traders who seek comfort and easy way to earn money in trading. They using trading bots because they do not have confidence do execute their own plans. Trading bots are not always profitable and it is also base on probabilities so do not expect that there is guarantee of winning through using trading bots.
Exactly, trading bots can cause loss to us because we are going to trade more often which increases the risk while using bots.If we trade manually we can wait for the right time and we might change our mind as well after seeing the market movement so its always better to trade on our own if we have time for that. July 29, 2020, 04:32:11 AM
The debate about trading bots and conventional trading are already over and there are now many traders who proved that conventional trading is more good and profitable to use. Those traders who are using trading bots are the traders who seek comfort and easy way to earn money in trading. They using trading bots because they do not have confidence do execute their own plans. Trading bots are not always profitable and it is also base on probabilities so do not expect that there is guarantee of winning through using trading bots.
July 29, 2020, 03:19:54 AM
Use bots only to lessen our time in front of the computer to monitor market activities, not to make our trades become more profitable. Using a bot still requires expertise in trading and also a way to setting the bot to be used and this is the reason why I prefer conventional way or manually though need more time to see the chart.
Bots not just lessen trading time but also help you in a lot of other ways like there can be arbitrage bots which buy a coin in some exchange and sells it on another exchange at a higher price.I haven't used any bots much apart from basic scripts but a friend of mine who also does crypto trading told me that there is a gunbot that works pretty good and while I never used it, he told me that you just have to find a good bot that is allowed by the exchange and is trusted then profits are much more easier but also keep in mind you can loose everything you wake up next morning.
July 28, 2020, 03:32:08 PM
If the profit you will be making with a bot in trading is small but consistent, then it’s good, as time goes on you will accrue a lot.
The feedbacks I get from those who have used bots are usually not the same, some have said that it is not good or profitable and some have said that it’s good and works for them. Another thing I have understood based on the feedbacks others give is that even if a bot is good, as more people starts making use of it, it wouldn’t be as good as it used to be. Maybe you can give it a try and see how it works for the first month and if it’s what you are expecting, you can quit from using it.
The feedbacks I get from those who have used bots are usually not the same, some have said that it is not good or profitable and some have said that it’s good and works for them. Another thing I have understood based on the feedbacks others give is that even if a bot is good, as more people starts making use of it, it wouldn’t be as good as it used to be. Maybe you can give it a try and see how it works for the first month and if it’s what you are expecting, you can quit from using it.
July 27, 2020, 02:29:44 PM
Trading bot has advantage and disadvantage and it depends on how the trader configure the bot.however, trading bot should not take over monitoring of trade
Trading bots are only meant to use the data you enter to automate the trades and make more accurate and large number of trades because manually it is not possible to make as many trades at low variance and hence people use bots. But those who don't want to make too many trades don't usually require bots.I don't think bots can ever take over human monitoring and bots are not gold mine like you set them and collect profits every week, this is not how it works. You have to actually see how the bot is doing on particular data and keep changing it to get the highest profits, so monitoring is always required to analyse how the bot is doing and you only enter the data.
July 27, 2020, 10:01:10 AM
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I don't think so. May be bot can help you in some ways like when you are not able to stay online bot will be helpful in that case but it won't a good choice to use it as a alternative. Other side totally depend on bot is a bad move cause after all it's made by some programming line and have limitation. Personally i don't recommend to use bot cause may be you can see some profit in first place but it will get worst when time moves.
trading bot really helps you in trading when you don't have full time in front of the screen but not all trading bots can do their job properly, so don't be mistaken in using trading bots, you better spend more money to buy expensive trading bots but have a good reputation, rather than free bot trading that has no reputation.
July 27, 2020, 06:03:14 AM
In fact, it is possible to say yes and no to the answer to this question because the result of the problem will vary according to the software you will use and the quality of the software.
The answer to the question is yes, if the quality bot is preferred, the software will work flawlessly and it will help the right buy / sell transactions by making the right analysis.
The answer to the question is no, because if cheap and poor quality boots are preferred, the software will not work properly and will cause erroneous operations to be carried out continuously. In addition, the use of such software will harm the user in the long term, as there will be the possibility of controlling such bots of bad quality software bots by someone else.
Briefly, the answer will vary according to the bot software to be preferred and the status of the user to follow the processes. When we already read all of the comments here, we will see that some people here will state the answer to the question as yes, while others will say it as no.
The answer to the question is yes, if the quality bot is preferred, the software will work flawlessly and it will help the right buy / sell transactions by making the right analysis.
The answer to the question is no, because if cheap and poor quality boots are preferred, the software will not work properly and will cause erroneous operations to be carried out continuously. In addition, the use of such software will harm the user in the long term, as there will be the possibility of controlling such bots of bad quality software bots by someone else.
Briefly, the answer will vary according to the bot software to be preferred and the status of the user to follow the processes. When we already read all of the comments here, we will see that some people here will state the answer to the question as yes, while others will say it as no.
July 27, 2020, 05:31:34 AM
I do not think that trading bots are more profitable than my current trading system, price are driven by emotions so why will I use trading bots. Yes there are traders who are making money through trading bots but only few of them. Trading with ourselves is really more ideal when it comes to trading. Imagine if you keep relying on trading bots and one time you lose money on it. It is a lose -lose situation because you may lose money by using it and you cannot also gain knowledge about trading for those who keep relying on trading bots.
July 26, 2020, 04:25:16 PM
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I don't think so. May be bot can help you in some ways like when you are not able to stay online bot will be helpful in that case but it won't a good choice to use it as a alternative. Other side totally depend on bot is a bad move cause after all it's made by some programming line and have limitation. Personally i don't recommend to use bot cause may be you can see some profit in first place but it will get worst when time moves.
July 26, 2020, 03:46:47 PM
Well, it seems interesting to try and I hope this could help and see a positive result to the outcomes of my future transfer.
But I would like to ask everyone who already experiences in using trading bots and how this becomes effective in trading and boost our profit gains than stayed in a conventional trading system?
Any recommendation...
I do see who posts some bots and claim that they are very good and would get you more profit than when you’re trading by yourself. But I would like to ask everyone who already experiences in using trading bots and how this becomes effective in trading and boost our profit gains than stayed in a conventional trading system?
Any recommendation...
I don’t know how true that can be, all these things are usually adverts to get people to sign up and pay for their services, lol these people can do anything to get you to make use of their products.
I haven’t gotten to make use of these bots to be able to testify how good they can do their work, but I have once asked question about them on Reddit and the replies I got discouraged. Instead of those trading why not go for copy trading? Some platforms are starting to offer that these days.
Because after selling the first copy, you have to look for a new niche, write a new bot. And that's usually what crooks do when trading a bot isn't profitable. I speak as a person who communicates with a lot of bot trading developers.
July 26, 2020, 03:38:13 PM
Well, it seems interesting to try and I hope this could help and see a positive result to the outcomes of my future transfer.
But I would like to ask everyone who already experiences in using trading bots and how this becomes effective in trading and boost our profit gains than stayed in a conventional trading system?
Any recommendation...
I do see who posts some bots and claim that they are very good and would get you more profit than when you’re trading by yourself. But I would like to ask everyone who already experiences in using trading bots and how this becomes effective in trading and boost our profit gains than stayed in a conventional trading system?
Any recommendation...
I don’t know how true that can be, all these things are usually adverts to get people to sign up and pay for their services, lol these people can do anything to get you to make use of their products.
I haven’t gotten to make use of these bots to be able to testify how good they can do their work, but I have once asked question about them on Reddit and the replies I got discouraged. Instead of those trading why not go for copy trading? Some platforms are starting to offer that these days.
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