When you consider it, if you have the right bot, it doesn't really change anything does it? I mean it is basically you after all?
You do your own trades based on something, if you are a good trader you will do it based on something good, if you are a bad trader you will do it based on something bad, and if you configure the bot according to what you would do, it is basically doing things you would have done anyway, so the only thing that changes when using a bot is the time consumed to actually trade, but not the result.
Because in a proper bot, what you do is exactly what you would do yourself, but instead of actually logging into the exchange and doing it yourself, the bot does it for you, nothing changes, results are the same, you just saved yourself some clicks and that's it. So, I say they are both the same thing with one just saving few minutes of your life and that's it.
Topic: Does using trading Bots is more profitable than conventional trading? - page 2. (Read 618 times)
July 26, 2020, 01:39:15 PM
July 26, 2020, 10:23:27 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.
July 26, 2020, 07:40:25 AM
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
July 26, 2020, 06:44:38 AM
I have been trading on the market for 4 years now and have tried several trading robots. My conclusion is very simple. Hand trading is still more profitable. Because in the long run, robots won't do the job. Or artificial intelligence should be introduced into them. Markets are changing and what worked 3 months ago may no longer work today.
Trading bots may work in short term but they can't focus and take into consideration the fundamental analysis. Only those people who do not have time to sit all day in front of computer and watch the market, can use these bots temporarily but do not risk them for a longer duration of time. The trade which human mind take is much better than these bots.
This is bullshit. Robots have long been able to consider fundamental analysis. They can perform phenomenal calculations and even generate new patterns. And then check them out. And they're not the most complex bots yet, they can be available to a small quantum fund with a couple hundred thousand dollars in capital.
In the first place, trading bots should mostly just be used to decrease your trading work,
As for OP's question, this is the primary function of bots. It only helps you, the trader to take yourself off from screen. It doesn't mean that using bots means big profit. Bits are configuration and can trade even negative and give loss.
I have noticed from my own experience that when the market goes up, trading bots do an excellent job, bringing profit on each trade. But when the market falls, trading bots do not keep up with the price movement and do not have time to close the deal.
I think it's absolutely foolish in this case to discuss bot issues. They make warrants for microseconds. The question is what strategy lies inside this bot. If you buy a strategy there and wait for some jerk's line to exceed 0.5 - of course the bot will leak. What did you think? We should take the bots, whose profits are obvious and there is no doubt - arbitration, market makers and similar. So that's it.
July 26, 2020, 05:19:35 AM
In the first place, trading bots should mostly just be used to decrease your trading work,
As for OP's question, this is the primary function of bots. It only helps you, the trader to take yourself off from screen. It doesn't mean that using bots means big profit. Bits are configuration and can trade even negative and give loss.
I have noticed from my own experience that when the market goes up, trading bots do an excellent job, bringing profit on each trade. But when the market falls, trading bots do not keep up with the price movement and do not have time to close the deal.
July 26, 2020, 12:34:02 AM
Bots are good if you are busy and according to OP he has worked so one of the best things is using the trading bot but one of the problems with the use of it is the configuration and the algorithm how does it work this is the main purpose of it to win all of your trades if the developer or you make the set up good which that could possibly all of your trade are going to win there is a chance to get a high profit on this. But if your configuration has a lot of mistakes and fails there is a chance it can lose up all of your funds.
For me, I prefer the use of self-trading than the use of the bot because I monitor all of the things happen on my account but still sometimes we are getting busy so we can't even make a trade so use a trading bot for an additional income it's not bad.
For me, I prefer the use of self-trading than the use of the bot because I monitor all of the things happen on my account but still sometimes we are getting busy so we can't even make a trade so use a trading bot for an additional income it's not bad.
July 26, 2020, 12:12:31 AM
Most often the reverse is the case. There are a lot of bots that their configuration are complex, not user centric and lead to financial lost. Conventional trading still rule most especially when you know what you are doing and have a trading integrity.
Many people think that bots are something like machines based on artificial intelligence that analyze the market and trade based on their algorithms, bringing a stable profit.
But in fact, a bot is just an algorithm that a proger has written in a bot based on his own or someone else's trading skills.
These bots only copy the actions of people according to a certain pattern.
Among them, there are indeed profitable ones, but they are not freely available.
It will cost you if you will purchase the good one. But if you will optimize the trading bot and know what you are doing, the profit is huge. So I guess it depends on how willing you want to purchase a high performance trading bot and your skills to manage it. So the answer lies on those factors and the OP himself can gauge his capability on this matter.
July 26, 2020, 12:04:56 AM
I have been trading on the market for 4 years now and have tried several trading robots. My conclusion is very simple. Hand trading is still more profitable. Because in the long run, robots won't do the job. Or artificial intelligence should be introduced into them. Markets are changing and what worked 3 months ago may no longer work today.
Trading bots may work in short term but they can't focus and take into consideration the fundamental analysis. Only those people who do not have time to sit all day in front of computer and watch the market, can use these bots temporarily but do not risk them for a longer duration of time. The trade which human mind take is much better than these bots.
July 25, 2020, 11:59:11 PM
As a user myself, it could take over what you are currently doing. With my Gunbot, I chart there and TradingView is integrated to the bot and you could use alerts depending on the chart that you have and it could easily automate it for you.
Depending on your strategy, you could do almost anything with a bot. It serves as a trading tool, not completely taking over depending on your package that you have as well.
Depending on your strategy, you could do almost anything with a bot. It serves as a trading tool, not completely taking over depending on your package that you have as well.
July 25, 2020, 11:53:48 PM
I have been trading on the market for 4 years now and have tried several trading robots. My conclusion is very simple. Hand trading is still more profitable. Because in the long run, robots won't do the job. Or artificial intelligence should be introduced into them. Markets are changing and what worked 3 months ago may no longer work today.
July 25, 2020, 05:49:34 PM
I have never used a trading bot before but I heard they are helpful in trading and making profits, maybe the op should ask those who have a used it or watch some videos on YouTube how ot is done and how it make profit for users, since some exchange use bot to trade alot must mean they profit from it
^ Probably a profitability tool but you can not completely rely on it. Using a trading bot is good if you are already know how the market will work as a trader. You still need your technical analysis to command this bot but once you have been failed, it is useless to use this bot if you dont know how to command. This bot will not work by their own just making money. That perspective is wrong, if you are a quite busy person, dont go in trading. Trade manually is far better than using a tool. Nevertheless, this will upon to OP if he continue using trading bot despite of those consequences. July 25, 2020, 05:11:28 PM
Most often the reverse is the case. There are a lot of bots that their configuration are complex, not user centric and lead to financial lost. Conventional trading still rule most especially when you know what you are doing and have a trading integrity.
Many people think that bots are something like machines based on artificial intelligence that analyze the market and trade based on their algorithms, bringing a stable profit.
But in fact, a bot is just an algorithm that a proger has written in a bot based on his own or someone else's trading skills.
These bots only copy the actions of people according to a certain pattern.
Among them, there are indeed profitable ones, but they are not freely available.
Yeah, well, then I feel sorry for these people. They're fooling themselves, very much so. Although a bot can trade on the plus side (since there are theoretically profitable strategies like arbitrage), it's unlikely that people will get it for free or for a $100 subscription.
Of course no.
All bots that are available for a subscription or for a fee are test bots, but no one will tell you about this.
Those who sell these bots only have a past tense algorithm and need material to test.
That is, in 90% of cases by investing in such a bot, you are investing in a beta test that has been running for no more than two months, most often.
Well, I don't know. I didn't analyze the market, I wrote the bot clean for myself. I take a decent commission, but I'm confident in the quality of the bot I made. The question is, I'm not taking money from everyone and it's not the smallest amount. It's also worth considering, because other people with a working bot and profit will behave like that. But that's my opinion, maybe there are developers who are willing to take money from everybody, but they wouldn't talk about all the risks.
July 25, 2020, 04:25:02 PM
Most often the reverse is the case. There are a lot of bots that their configuration are complex, not user centric and lead to financial lost. Conventional trading still rule most especially when you know what you are doing and have a trading integrity.
Many people think that bots are something like machines based on artificial intelligence that analyze the market and trade based on their algorithms, bringing a stable profit.
But in fact, a bot is just an algorithm that a proger has written in a bot based on his own or someone else's trading skills.
These bots only copy the actions of people according to a certain pattern.
Among them, there are indeed profitable ones, but they are not freely available.
Yeah, well, then I feel sorry for these people. They're fooling themselves, very much so. Although a bot can trade on the plus side (since there are theoretically profitable strategies like arbitrage), it's unlikely that people will get it for free or for a $100 subscription.
Of course no.
All bots that are available for a subscription or for a fee are test bots, but no one will tell you about this.
Those who sell these bots only have a past tense algorithm and need material to test.
That is, in 90% of cases by investing in such a bot, you are investing in a beta test that has been running for no more than two months, most often.
July 25, 2020, 03:27:14 PM
I have never used a trading bot before but I heard they are helpful in trading and making profits, maybe the op should ask those who have a used it or watch some videos on YouTube how ot is done and how it make profit for users, since some exchange use bot to trade alot must mean they profit from it
July 25, 2020, 02:57:04 PM
Most often the reverse is the case. There are a lot of bots that their configuration are complex, not user centric and lead to financial lost. Conventional trading still rule most especially when you know what you are doing and have a trading integrity.
Many people think that bots are something like machines based on artificial intelligence that analyze the market and trade based on their algorithms, bringing a stable profit.
But in fact, a bot is just an algorithm that a proger has written in a bot based on his own or someone else's trading skills.
These bots only copy the actions of people according to a certain pattern.
Among them, there are indeed profitable ones, but they are not freely available.
Yeah, well, then I feel sorry for these people. They're fooling themselves, very much so. Although a bot can trade on the plus side (since there are theoretically profitable strategies like arbitrage), it's unlikely that people will get it for free or for a $100 subscription.
July 25, 2020, 01:30:50 PM
Most often the reverse is the case. There are a lot of bots that their configuration are complex, not user centric and lead to financial lost. Conventional trading still rule most especially when you know what you are doing and have a trading integrity.
Many people think that bots are something like machines based on artificial intelligence that analyze the market and trade based on their algorithms, bringing a stable profit.
But in fact, a bot is just an algorithm that a proger has written in a bot based on his own or someone else's trading skills.
These bots only copy the actions of people according to a certain pattern.
Among them, there are indeed profitable ones, but they are not freely available.
We know that there are really bots which do have that monthly subscription or some sort but i dont see for it to be worth of your penny if you can actually make manual trades on your own.
and if you do decide to make use of a bot then setting it up according to your likes would be no different compared to those paid ones.Its just a matter of knowledge
and skills on how you do set-up your trades.
July 25, 2020, 12:42:27 PM
Most often the reverse is the case. There are a lot of bots that their configuration are complex, not user centric and lead to financial lost. Conventional trading still rule most especially when you know what you are doing and have a trading integrity.
Many people think that bots are something like machines based on artificial intelligence that analyze the market and trade based on their algorithms, bringing a stable profit.
But in fact, a bot is just an algorithm that a proger has written in a bot based on his own or someone else's trading skills.
These bots only copy the actions of people according to a certain pattern.
Among them, there are indeed profitable ones, but they are not freely available.
July 25, 2020, 11:12:26 AM
I have a stable job and because of my limited time to spend in trading, it gives me a reason to look other options to continue my trade and it looks like trading bots is something to try especially during the pandemic situation. I'm not sure many people are looking at this but probably they are also asking about it.
"The evolution of automated machines is already performing many tasks that are done by humans in the past. With advancements in robotics and automation, the impact of the changes spans from every aspect of life and businesses to the future of jobs. In recent years, these technologies have taken a major leap in the trading business, and in the wake of COVID-19, they have escalated than ever before. This is now expected that robots and machines could have a major impact on the trading business and could eliminate conventional human-to-human voice trading fast."
source: https://industrywired.com/will-the-rise-of-robots-alter-the-conventional-trading-in-the-post-pandemic-period/
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...
"The evolution of automated machines is already performing many tasks that are done by humans in the past. With advancements in robotics and automation, the impact of the changes spans from every aspect of life and businesses to the future of jobs. In recent years, these technologies have taken a major leap in the trading business, and in the wake of COVID-19, they have escalated than ever before. This is now expected that robots and machines could have a major impact on the trading business and could eliminate conventional human-to-human voice trading fast."
source: https://industrywired.com/will-the-rise-of-robots-alter-the-conventional-trading-in-the-post-pandemic-period/
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...
Hey. I trade with a bot. And I mean, it's a great thing. It helps save time. I mean, if you flip a coin to see where the crypto goes, the bot's gonna make a loss, of course. If any analysis is performed, some imperfection of the market or commission policy is used - the bot can do it much faster, or rather, without wasting your time. That is, if before I had to sit and monitor the list of orders on the exchange, now I trust the bot, when it finds the right situation, it just creates the right orders. And I can safely read a book at this time.
The problem with bots is different. I mean, not really them. A lot of people want to make 100-300% a month on a super cool algorithm that doesn't know how it works. And they buy or install a free bot hoping to get it. They don't know how the bot works or what algorithm the profit will be. And when you create a bot or order it from a trusted person, you can explain everything you do with your hands and he'll make the bot do the same. That's it.
July 25, 2020, 02:04:59 AM
Using bots for trading can be more convenient and reduce some manual works but it doesn't mean it is profitable the thing will depends on how you made analysis on the market and set the bot to execute your trade order.Trading bots have no minds yet to decide on their own so profit making is still on our hand.
July 24, 2020, 06:38:17 PM
Most often the reverse is the case. There are a lot of bots that their configuration are complex, not user centric and lead to financial lost. Conventional trading still rule most especially when you know what you are doing and have a trading integrity.
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