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.
July 26, 2020, 01:39:15 PM
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.
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.
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.
July 24, 2020, 06:32:56 PM
I am among those who recommend conventional trading more than using trading bots, because after all the human brain is smarter
from any bots. And many people misunderstand related to trading bots, expecting passive income by relying on trading bots is big failure.
Don't let you feel what I have experienced, experience big loss by using trading bots. Especially for beginners, it is not recommended
using trading bots.
from any bots. And many people misunderstand related to trading bots, expecting passive income by relying on trading bots is big failure.
Don't let you feel what I have experienced, experience big loss by using trading bots. Especially for beginners, it is not recommended
using trading bots.
July 24, 2020, 06:19:14 PM
The same thoughts as everyone say it all depends in your hands. I like to trade on my own and never have thought of using a trading bot. Trading bots help you to save time and if you think that you need one, test it and see if you are compatible using it. But if not, you can always go back to traditional way of trading whichever works for you at its best.
July 24, 2020, 05:25:38 PM
I prefers convectional or manual type of trading Bot do fails at times thus it has it own limitation I don't see it as a reliable automatic form of trading, why not trade using Daily time frame as your minimum timeframe for trading? with this time frame your analysis wouldn't require spending much time in taking a trading decision while doing your daily job, price Action with a daily timeframe is a bit more stable devoid of the usual and regular noises associated with the lower time frame due to their high volatility and momentum, personally my minimum time frame for trading is 4 hour time frame which is a bit more stable.
July 24, 2020, 03:14:43 PM
Depends on the bot and depends on the trader. If a trader has a bit of knowledge on the technical side of things and the bot is made to make some profits, I am sure that person could use that bot to make some money, I have seen plenty of people that used bots and made a ton of profit but I have seen even more people who used bots and didn't really knew how it worked and lost a shit ton of money as well.
Regular trading is safer, you do not really end up selling right away for a loss suddenly and cause yourself 20% loss in a single second because of an error, you are a human and you wait, you try to make it work and you try to make a profit from it, at worse you are at least not malfunctioning. So conventional is safer, but when you profit well bots are much better.
Regular trading is safer, you do not really end up selling right away for a loss suddenly and cause yourself 20% loss in a single second because of an error, you are a human and you wait, you try to make it work and you try to make a profit from it, at worse you are at least not malfunctioning. So conventional is safer, but when you profit well bots are much better.
July 24, 2020, 02:05:37 PM
Over the years I believe trading bots have been improved on and this days not only do they execute your trade command but they can also make trade for you based on the market condition. I haven't traded with cryptocurrency bot but in the forex Market, I have patronize bots that make decisions for me which was profitable although that doesn't mean, there wasn't some instances when they predicted wrongly.
Why I'm not fully in support of bots although they make your trading experience more easily, is because of the disadvantages associate with using them but just to answer your question, you're better off trading yourself then relying on but as they can't be more profitable then you trading yourself. Bots can't give you the experience real trading does.
Why I'm not fully in support of bots although they make your trading experience more easily, is because of the disadvantages associate with using them but just to answer your question, you're better off trading yourself then relying on but as they can't be more profitable then you trading yourself. Bots can't give you the experience real trading does.
There are already pre-setup bots that can be used directly when you do trade and also i dont really believe such thing that they would do make adjustments basing up on market condition unless if you do set it up but in talks of adaptability? they dont have such feature yet trader would really need to set it up according to his likes on how the bot should execute on instances that he faced of. Manual trading is always been the best
but using up bots for automation isnt something bad, the thing here is that you dont rely too much on it because it is really just for an automation and its better to trade on your own so that you would able to
sharpen up your trading skills and gain more experience towards the market.
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July 24, 2020, 01:14:22 PM
Over the years I believe trading bots have been improved on and this days not only do they execute your trade command but they can also make trade for you based on the market condition. I haven't traded with cryptocurrency bot but in the forex Market, I have patronize bots that make decisions for me which was profitable although that doesn't mean, there wasn't some instances when they predicted wrongly.
Why I'm not fully in support of bots although they make your trading experience more easily, is because of the disadvantages associate with using them but just to answer your question, you're better off trading yourself then relying on but as they can't be more profitable then you trading yourself. Bots can't give you the experience real trading does.
Why I'm not fully in support of bots although they make your trading experience more easily, is because of the disadvantages associate with using them but just to answer your question, you're better off trading yourself then relying on but as they can't be more profitable then you trading yourself. Bots can't give you the experience real trading does.
July 24, 2020, 12:05:51 PM
Shouldn't you rather trade at your convenient time rather than using a bot to trade? I mean what guarantee do you have that trading with a bot can bring you more profit! and this made me thinking to ask....... do trading bot sometimes incure lose like a person trading by him/her self? (I have never use one before so am curious to know) If they are always giving profit, then i would say go for it, the goal as a trader is to gain profit at the end of the trade, whether doing it yourself or using a bot to do it.
Those whosw fund were alloted for trading alone and set in their mind that it can win or lose will choose bot as it can trade anytime they wanted by just setting limits, however in conventional way if we have budget that we need and only few money left, we take trading to seriously that we need to be focus, to adjust every now and then what will fit for profit, what makes wrong in our previous trade and find ways to learn more to improve our portfolio. But both can do in our prepared means. I do trading bot sometimes but more of conventional one. 
July 24, 2020, 11:55:35 AM
Using trading bots is profitable also but not that profitable compared to manual trading.
Let's be honest here, some of the people in this forum also uses trading bots when they are busy or they have an important thing to do.
By that, they can still earn small profits depending on the market. But if you are confident about your trading skills and you want to improve more and become effective, always use conventional trading because it will make you do what you want to do in trading. Your strategies, plans, skills, and timing is all you when you do technical analysis in the market properly. In manual trading, profits are really huge compared to using trading bots because you have your goal and desired amount of profits that you want to earn.
Let's be honest here, some of the people in this forum also uses trading bots when they are busy or they have an important thing to do.
By that, they can still earn small profits depending on the market. But if you are confident about your trading skills and you want to improve more and become effective, always use conventional trading because it will make you do what you want to do in trading. Your strategies, plans, skills, and timing is all you when you do technical analysis in the market properly. In manual trading, profits are really huge compared to using trading bots because you have your goal and desired amount of profits that you want to earn.
July 24, 2020, 10:21:09 AM
Whenever I do trading, I always do conventional trading and I found it much effective for me as I have a complete control of my assets and plans.
I just improve my good decision making skills so that I can minimize my losses and prevent mistakes. In using trading bot, you will not grow as a trader if you keep on relying on using that. It will not give you the amount of profit that you desire because your bot will not adjust depending on the market situation. In conventional trading, you are flexible and you can do the strategies that you think are much effective.
It also prevent you to have brokerage bias that can also benefit them while you trade. I don't settle in using trading bots, and I don't see them as a tool for learning how trading really works.
I just improve my good decision making skills so that I can minimize my losses and prevent mistakes. In using trading bot, you will not grow as a trader if you keep on relying on using that. It will not give you the amount of profit that you desire because your bot will not adjust depending on the market situation. In conventional trading, you are flexible and you can do the strategies that you think are much effective.
It also prevent you to have brokerage bias that can also benefit them while you trade. I don't settle in using trading bots, and I don't see them as a tool for learning how trading really works.
July 24, 2020, 10:19:55 AM
The use of trading bots will certainly greatly help traders to trade automatically if it is very necessary and in circumstances that do not allow for manual trading. A good trading bot depends on the configuration applied by the developer on the bot. because some trading bot software has a limited scope for personalization.
It's important to choose a good Trading Bot that is free of coding errors and the Bot is always updated by the developer.
Manual trading has full control compared to using bots. Trading bots are just an alternative to help trading with a number of custom configurations that have been done before. Based on the benefits, using a bot will not be maximized without the supervision of the user. Conventional trading seems to be more controlled and profits can be maximized. If the two are combined, it will provide comfort in trading.
It's important to choose a good Trading Bot that is free of coding errors and the Bot is always updated by the developer.
Manual trading has full control compared to using bots. Trading bots are just an alternative to help trading with a number of custom configurations that have been done before. Based on the benefits, using a bot will not be maximized without the supervision of the user. Conventional trading seems to be more controlled and profits can be maximized. If the two are combined, it will provide comfort in trading.
July 24, 2020, 10:07:01 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...
Trading bots do help a little but it does not mean that once you start the trading bot then all your work is done."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...
If you are starting a trading bot then it does make your trades automatically but then you do have to keep an eye on it and confirm that your trades are being carried out effectively. Besides that sometimes you also have to change your strategy and hence tweak the bot.
It does give you profits but only if your strategy is well planned. So until your strategy is right you will generate the profits.
July 24, 2020, 08:31:07 AM
Trading bots can never be more profitable than conventional trading bots often put you in danger that's why I prefer to trade by doing marketing research myself This increases both the knowledge experience. nobody can say which way the market will ever go The crypto market isn't as stable as Fiat's the worth of currencies fluctuates If the bots don't understand the ups and downs of the market then the loss is bigger The market is usually updated so you've got to stay up with the technology.
Price fluctuations is too much at times and this does not suite doing a bot trading. As well doing by our self will help you do the right trade when you feel like entering or exiting the market. Skills and knowledge might not replace which we possess when compared to BOT.
July 24, 2020, 08:24:01 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.
I don't really trust those bots for a long-term trading, in short-term trading, it is somehow useful but I don't see myself relying on that platform. It doesn't matter if it is a strong bot, high quality trading bot or something, I just want to learn manual trading with myself only, and improve in every transaction that I make.
The only thing in trading bot is that, there are some features that are automated compared to manual trading.
Trading in traditional ways is not always bad. If you can control your emotions and understand your money management, you will definitely be rewarded.
In trading manually, you will have full control with your assets and strategies. You can also do technical analysis with yourself based on the market and that's more precise and effective. You are your own enemy, that's why you should know how to manage yourself.
Bot is good especially if you want to keep emotions away from your trading but it lose money more than a conventional ways of trading. I learned trading in the conventional way and since then I have not really lose money compare to when I was using bot.
Most of the people here are saying that using bot can make your trading worse, which is true based on other people's experience that I heard.
July 24, 2020, 08:20:02 AM
I answered you, yes but the fact this is a case to case basis and it will depend on us as a trader. This trading boot might be profitable but remember they are just a tool that won't function without you as a trader(proper setting the bot to execute your trading activity). You cant rely upon this all the time, besides, there's a disadvantage that probably your trading activity will end up messing our trading activity and wipe out our capital, so you need to be careful while using this.
I don't suggest any of the trading bots but I will leave you a good characteristic upon picking a good one.
I don't suggest any of the trading bots but I will leave you a good characteristic upon picking a good one.
- Security
- Reliability
- Profitability
- Transparency
- Ease of use
July 24, 2020, 06:40:03 AM
If they are always giving profit, then i would say go for it, the goal as a trader is to gain profit at the end of the trade, whether doing it yourself or using a bot to do it.
There's no argument from this statements, the sole purpose is to gain
from your trading experienced.
Both traditional and with bot as long as you are converting and you are
satisfied then you are good to go.
In some point, there's still traders who are more comfortable using conventional
ways of trading, knowing that
they can convert more by monitoring the market and adjust each time there's an
open chances to earn.
July 24, 2020, 06:15:46 AM
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 is why I am looking for something worthy to try and so my money won't just be wasted. Because there are a number of trading bots available in the market today and I can't afford to try them all rather than to get one at least so I can make a try immediately.If you're referring to those trading bots that does everything for you without your input, then the probability of you succeeding in the end is quite slim. As for open-source trading bots that you configure yourself, then you're definitely going to get mixed responses depending on the traders' skill.
July 24, 2020, 02:40:20 AM
Trading bots can never be more profitable than conventional trading bots often put you in danger that's why I prefer to trade by doing marketing research myself This increases both the knowledge experience. nobody can say which way the market will ever go The crypto market isn't as stable as Fiat's the worth of currencies fluctuates If the bots don't understand the ups and downs of the market then the loss is bigger The market is usually updated so you've got to stay up with the technology.
July 24, 2020, 02:29:55 AM
I don't think that if you use trading bots can help you make a profit because you know that the market still not stable, and it always fluctuates every day. You always need to adjust the setting to follow the market so the bot can work properly. You don't have to use the bot, but you can trade manually in your free time, which will give you more time to analyze it.
If an AI robot invented, and the AI bot can think by itself to set the strategy to trade, perhaps, that can help you make a profit. Unfortunately, I don't know if that type of bot is invented now.
If an AI robot invented, and the AI bot can think by itself to set the strategy to trade, perhaps, that can help you make a profit. Unfortunately, I don't know if that type of bot is invented now.
July 24, 2020, 12:08:41 AM
Instead of using trading bots, I would rather to apply day trade. Because on day trading it's an organic way to obtain profit in the every platform exchange we are going to use in. And as far as I know trading bot is too risky on my own little way to say it. Therefore, trading bots is not profitable to me.
July 23, 2020, 10:45:10 PM
Shouldn't you rather trade at your convenient time rather than using a bot to trade? I mean what guarantee do you have that trading with a bot can bring you more profit! and this made me thinking to ask....... do trading bot sometimes incure lose like a person trading by him/her self? (I have never use one before so am curious to know) If they are always giving profit, then i would say go for it, the goal as a trader is to gain profit at the end of the trade, whether doing it yourself or using a bot to do it.
July 23, 2020, 09:11:25 PM
Bots don't really trade for you, more like they just make your life easier. It's still basically you trading, but it's more automated, more reliant on automatic response that you've programmed, and less reliant on your instantaneous judgments. It's like if you ask 5 programmers to program an AI, they could basically have 5 different types of program that do the same thing, just that the difference is the process of how to achieve that end. That's how bots basically work.
Well, thank you for all the replies guys...
Maybe I was wrong overly thinking that using bots could help me to become profitable as it works for more time than I usually do. Yeah, I have knowledge of trading but using trading bots maybe it have different results, that is why I want to find it which one is best.
There isn't really the best bot out there since you're technically still the one managing how it performs, but the more able the bot is to respond to your commands, the better the type of bot it is. Bots in a sense are still you, just automated, so it doesn't really make trading easier or profitable. Think of it like leaving your trading schemes to someone else that has the same brain and ideas but has less emotions. Maybe I was wrong overly thinking that using bots could help me to become profitable as it works for more time than I usually do. Yeah, I have knowledge of trading but using trading bots maybe it have different results, that is why I want to find it which one is best.
July 23, 2020, 09:08:01 PM
That is not true, trading with ourselves is more profitable than using any bots. Why would you rely on AI if trading psychology is very important, for those who consistently making money through trading bots; are you even sure that you improved as a trader? Relying on trading bots will not give us growth that we need especially to adapt the market changes. Trading bots for me is just a waste of money, we should learn to trade with ourselves in order for us to not depend on trading bots.
Have you tried it already? I hope you will. Because we can't just draw any final word or conclusion if we never have tried it at first. Besides, it is not advisable to use trading bots if you don't have enough knowledge in trading.Developers come into this kind of trading development for they know that it is something that gives more advantages to the system. We are not discussing here if this is bad or not but we are looking something to help out people who are in limited time to spend (just like me) as an alternative of conventional trading. Because if these bots will work well, why not we neglect to use it even it is expensive?
Trading bots is still new in trading system, yet people are still NO-HOW about this and that is why only a few of them are using it now. Maybe they can tell how good it is in the coming days.
July 23, 2020, 08:29:48 PM
That is not true, trading with ourselves is more profitable than using any bots. Why would you rely on AI if trading psychology is very important, for those who consistently making money through trading bots; are you even sure that you improved as a trader? Relying on trading bots will not give us growth that we need especially to adapt the market changes. Trading bots for me is just a waste of money, we should learn to trade with ourselves in order for us to not depend on trading bots.
July 23, 2020, 07:00:49 PM
Edit: cornix and a viable channel that accepts it can be quite expensive to start with depending on what expensive is to you - cost about 0.05-0.2 a year. The most expensive isn't always the best.
I was more on the idea you'd have to receive a return that size which would probably take around 0.5 with a few dedicated agents.
I haven't looked at those bots also but theirs might be hosted by them (the rest won't be) so you MAY have server power to pay for unless you get an rpi.
July 23, 2020, 06:54:57 PM
[snip]
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...
Well, the suggested above was right. I heard a lot of few people here talking about this trading bot [Gunbot] and as far I know that is a good trading bot here. This trading is good to use in your trading activity because the bot will do the task if you are set it correctly and the algorithm of bot will work based on your setting. This is indeed good for traders especially when you are at work or if you sleep while there is potential coins that you need to monitor the buying/selling point. However, first, understand very well how to use a bot and it will lead you to massive gain of profit. 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...
July 23, 2020, 06:48:52 PM
Well, thank you for all the replies guys...
Maybe I was wrong overly thinking that using bots could help me to become profitable as it works for more time than I usually do. Yeah, I have knowledge of trading but using trading bots maybe it have different results, that is why I want to find it which one is best.
Edit: cornix and a viable channel that accepts it can be quite expensive to start with depending on what expensive is to you - cost about 0.05-0.2 a year. The most expensive isn't always the best.
This is what it came into my mind also, trading bots will cost a lot and I am not sure also if they are effective. Though I can afford it...
I'm not sure if trading bots could help me either because of my limited time. But I keep searching about this and pretty soon to try once if I'm ready.
https://tradingstrategyguides.com/crypto-trading-bot/ Anyone familiar with them? aside from Gunbot (I'm hearing this one in the forum already).
Maybe I was wrong overly thinking that using bots could help me to become profitable as it works for more time than I usually do. Yeah, I have knowledge of trading but using trading bots maybe it have different results, that is why I want to find it which one is best.
Edit: cornix and a viable channel that accepts it can be quite expensive to start with depending on what expensive is to you - cost about 0.05-0.2 a year. The most expensive isn't always the best.
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 is why I am looking for something worthy to try and so my money won't just be wasted. Because there are a number of trading bots available in the market today and I can't afford to try them all rather than to get one at least so I can make a try immediately.ut that is a good question as well because we know that being a trader should always give your time facing on your computer. A trading bot is an answer to that question but it doesn't you let your trading bot works for you, of course, it needs you to command and the trading bot will execute to that command.
Do simple research of pros and cons, and it's up to you if you will use bot. Gunbot is gained a lot of reputation here I can suggest that for you.
Do simple research of pros and cons, and it's up to you if you will use bot. Gunbot is gained a lot of reputation here I can suggest that for you.
I'm not sure if trading bots could help me either because of my limited time. But I keep searching about this and pretty soon to try once if I'm ready.
https://tradingstrategyguides.com/crypto-trading-bot/ Anyone familiar with them? aside from Gunbot (I'm hearing this one in the forum already).
July 23, 2020, 06:34:36 PM
I can say that using a trading bot is more profitable than doing conventional trading...
but it depends on the trading bot from which developer you are using. I heard that there is a perfect trading bot and the price is $ 20k, that trading bot is able to do more than 50 open positions automatically and will only choose profitable positions. I heard that even newbie traders can make a lot of profit if they use that trading bot.
but it depends on the trading bot from which developer you are using. I heard that there is a perfect trading bot and the price is $ 20k, that trading bot is able to do more than 50 open positions automatically and will only choose profitable positions. I heard that even newbie traders can make a lot of profit if they use that trading bot.
July 23, 2020, 05:50:59 PM
I will not give any suggestions about this because since you have a knowledge of trading I assume that you aren't a newbie on the crypto field, I guess you already know what is the pros and cons of using crypto trading bot.
But that is a good question as well because we know that being a trader should always give your time facing on your computer. A trading bot is an answer to that question but it doesn't you let your trading bot works for you, of course, it needs you to command and the trading bot will execute to that command.
Do simple research of pros and cons, and it's up to you if you will use bot. Gunbot is gained a lot of reputation here I can suggest that for you.
But that is a good question as well because we know that being a trader should always give your time facing on your computer. A trading bot is an answer to that question but it doesn't you let your trading bot works for you, of course, it needs you to command and the trading bot will execute to that command.
Do simple research of pros and cons, and it's up to you if you will use bot. Gunbot is gained a lot of reputation here I can suggest that for you.
I definitely agree with you here. The OP himself can answer this question. I guess by now, he already experienced the pros and cons of using a trading bot vs manual trading. So it is on his prerogative whether using trading bot will be on his advantage. But if he is trading new alts, better do the trading personally.
July 23, 2020, 05:45:56 PM
I will not give any suggestions about this because since you have a knowledge of trading I assume that you aren't a newbie on the crypto field, I guess you already know what is the pros and cons of using crypto trading bot.
But that is a good question as well because we know that being a trader should always give your time facing on your computer. A trading bot is an answer to that question but it doesn't you let your trading bot works for you, of course, it needs you to command and the trading bot will execute to that command.
Do simple research of pros and cons, and it's up to you if you will use bot. Gunbot is gained a lot of reputation here I can suggest that for you.
But that is a good question as well because we know that being a trader should always give your time facing on your computer. A trading bot is an answer to that question but it doesn't you let your trading bot works for you, of course, it needs you to command and the trading bot will execute to that command.
Do simple research of pros and cons, and it's up to you if you will use bot. Gunbot is gained a lot of reputation here I can suggest that for you.
July 23, 2020, 04:56:03 PM
Bot is good especially if you want to keep emotions away from your trading but it lose money more than a conventional ways of trading. I learned trading in the conventional way and since then I have not really lose money compare to when I was using bot.
It helps to lessen your day to monitor but there's a certain point that due to it's only relying from how you program the system there's chances that
you also losses opportunities, both from cutting losses or maximizing profits, bot serves as how you intended it to function, you have to be precise
with your target for you to make the bot works accordingly.
July 23, 2020, 04:33:29 PM
Just go back to the reality.
If someone offering a robot who can make you profit, then why not using the robot by themself. A bot just helping you to execute the trade while you are not on the screen or available, that's why we need bot to make some order execute not making any profit.
If someone offering a robot who can make you profit, then why not using the robot by themself. A bot just helping you to execute the trade while you are not on the screen or available, that's why we need bot to make some order execute not making any profit.
July 23, 2020, 03:50:07 PM
Bot is good especially if you want to keep emotions away from your trading but it lose money more than a conventional ways of trading. I learned trading in the conventional way and since then I have not really lose money compare to when I was using bot.
July 23, 2020, 03:29:43 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?
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?
Using trading bots to expect more profit should not be the reason why you want to consider using it. You want to use it because you are having difficulty managing your trading activity as you have lots of works on the table. By using trading bots, the goal is to perfectly execute your set of strategies at the preferred time or event you want.
The result and effectivity of using these trading bots vary per users. There might be users that is doing good using it but it doesn't mean everyone will have the same good result. The best thing to do is to risk some of your funds and give it a test on a given period. From there, you can get the picture if using it will be worth your money.
July 23, 2020, 03:09:45 PM
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.
You said it right and this had been always the wrong perception on most people that bots do give out guaranteed or sure profit for them without doing much of work without even realizing that they do really need 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.
to set i up on their own and the bot would do the work.Its just for automation but people are just really getting the wrong point and belief even upto these days and later on they do find out that everything
doesnt work on what they do expect.They will surely learn up along the way that bots arent capable of when it comes to guaranteed profit without having the proper setting from the trader itself.
July 23, 2020, 01:24:04 PM
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.
July 23, 2020, 11:48:17 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
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
July 23, 2020, 11:47:44 AM
just because u doesn't have more time to spending on trading its not mean u cant get profit. Basically They/bots work using a variety of indicators and signals, such as moving averages and indices,actually u also can see when the signal come , the factor is just emotional about fear and greed,while you confused about take the risk or not,bot just following the signal,yes bot just do with Trading Algorithms,of course bot will work well if u setting it well. For remind,on 2019 at my facebook group a user try using bot trading,the problem idk how he set his bot,with just 24 hours, 4 eth gone,instead of getting help from support,he just see his 24 hours trading history really idiotic,even though the bot do a right trading, i mean buy low sell high,because he just do on spot market,a maker and taker fee draining its balance. So i just realize probably he make a configuration wrong or he didn't realize about maker taker fee,bot just do what u set before start,and doesn't care certain fee if u miss calculated it.
July 23, 2020, 11:34:35 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...
In traditional markets bots are already making the majority of the trading decisions anyway so this is nothing new, but when it comes to the advantages that bots offer you must remember that a bot is just a set of instructions that the computer performs, while we give it the word bot it is not really different than any other piece of software in existence."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...
So a bot is only going to be as good as the person doing the programing, if you do not know how to trade an you are a losing trader then the bot will be a loser trader too, the advantages of the bot strive on the fact they can trade 24 hours each day without rest and not miss a single profitable trade, also they can trade and take decisions so fast that it will give better results than a human simply because they can get slightly better prices when they buy and sell.
Now if you do not know how to code your own bot then you could try one of the available options like Gunbot however the more bots with the same strategy are running the lesser the profits for those running the same bots.
July 23, 2020, 10:50:07 AM
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.
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.
July 23, 2020, 10:10:02 AM
I think there was a concensus that once enough people are using a bot it doesn't work as well anymore.
It might be a good idea to check someone actively updating (if they still are) like gunthars gunbot (not sure about any others)..
It might be practical to try to spend a few minutes doing your own TA. Most advanced people don't put in more than one trade for a few days and still get a decent return.
I don't know of the feasibility of using telegram for automated trading also, some channels I've subscribed to make decent returns and their trades are pushed through cornix's automated bot but I don't trust them with much and you have to do a bit of analysis to see how good the channel manager is to start with. And there's also copy trading thst seems to have become a thing elsewhere here but both of these are extremely risky if you grant access to leverage or don't limit trades to 1-5% of your portfolio.
Edit: cornix and a viable channel that accepts it can be quite expensive to start with depending on what expensive is to you - cost about 0.05-0.2 a year. The most expensive isn't always the best.
It might be a good idea to check someone actively updating (if they still are) like gunthars gunbot (not sure about any others)..
It might be practical to try to spend a few minutes doing your own TA. Most advanced people don't put in more than one trade for a few days and still get a decent return.
I don't know of the feasibility of using telegram for automated trading also, some channels I've subscribed to make decent returns and their trades are pushed through cornix's automated bot but I don't trust them with much and you have to do a bit of analysis to see how good the channel manager is to start with. And there's also copy trading thst seems to have become a thing elsewhere here but both of these are extremely risky if you grant access to leverage or don't limit trades to 1-5% of your portfolio.
Edit: cornix and a viable channel that accepts it can be quite expensive to start with depending on what expensive is to you - cost about 0.05-0.2 a year. The most expensive isn't always the best.
July 23, 2020, 06:23:06 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...
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