Experience of using a cryptorobot - page 2.

leea-1334

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Temporary forum vacation

Quote from: ?? on ??

I talked for some time with algo traders who actively trade through robots and came to the conclusion that the most efficient bot is the one that is written with your own hand for a specific strategy based on statistics or a robot written by some programmer to order, for your strategy. All robots that are purchasable off-the-shelf solutions will not bring long-term success, especially robots that are trying to sell online for a small amount.

Which actually is the whole point of bots that many people do not realize.

Bot is not to magically create strategies for you. That job is your job, to find the strategy that works for your level of time, bankroll and risk,,, bot is simply there to automate those strategies and let you sleep and do other things instead of staring at the screen the whole day

But I guess people think of bots as 'tricks' to earn.

AlphaDayTrader

newbie

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I have developed a lot of robot trading strategy.
My advise is that you should test the robot for 4 years at least, so it worked on bullish and bearish and Sideways.

GeorgeJohn

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Bitcoin is achievement

Quote from: GigaBit on May 23, 2022, 10:57:25 AM

It is really admirable to get good returns by you using trading bots but trading at all based on trading bots should not be done at all. Here you can make a temporary profit but you can also face a big loss because you know that robot is conducted by order which confirmed manually.

Let us share vital experience and be very honest here. It's very clear and obvious and very understandable in same vain that using bot application for trading will not give you a potential or sufficient profit that normal trading will gives you, i just on my own notice that the only advantages of bot trading is that it will not permit you to adventure into lost subsequently and it will not make you nake profit as i said previously, saying with assurance that with bot application you make a qualities or huge profit is under statement. Except you are not portraying your point base on what you encounter or said because you have heard about bot trading...use it before you can portray positive things and negative things about bot application

KingsDen

legendary

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Hello Leo! You can still win.

Everyone has their experience of trading bots, but mine was horrible as it was like a nightmare. It is the only factor that deterred me from being a pro trader. I was discouraged and also gave up.
The first few weeks I used it, it was very profitable and I thought I have arrived. I increased my capital and it blew my account 3 times.
I lost everything, including trading capital, money for buying bots and all.

It was after some times I understood that why I lost much was because I thought the bot was auto-money making machine, not knowing I was supposed to manually follow up and manipulate.
So, the conclusion is that the strategy that your bot is using might be fin now, but when the market changes, it can be disastrous.

Desmong

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Crypto bookmaker and casino

Quote from: Sauv84 on April 17, 2022, 12:21:29 PM

Hi all

Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.

Thanks

I have used a bit to trade the spot market before and it was amazing. It was making short profits for me with time and I was surprised it really works to my desire and expect. The major difficulty about it is that we can not use it and trade the future market. The bot doesn't predict price movement and guesses the market direct. I was able to make good profits from the bot and it was one of my favorite bot then that.

GigaBit

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Leading Crypto Sports Betting & Casino Platform

It is really admirable to get good returns by you using trading bots but trading at all based on trading bots should not be done at all. Here you can make a temporary profit but you can also face a big loss because you know that robot is conducted by order which confirmed manually.

South Park

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I am terrible at Fantasy Football!!!

Quote from: sklopan on May 22, 2022, 06:55:25 AM

Many of my friends tried to work with bots, but few people were satisfied with the result. It seems to me that with experience, a trader may well earn more himself.

And you are not wrong, a trader has the ability to change strategies on the fly and adjust to the market conditions way faster than any bot, however the advantages of bots are not small but can only benefit a small number of traders, as an example bots can trade tirelessly without rest every single hour of every single day, something that even the best trader cannot do, also a bot can monitor many more pairs than a trader so they can find more and better opportunities to make money, so while bots are not perfect they still offer some good opportunities to make money in the markets if you know how to take advantage out of their characteristics.

AakZaki

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Quote from: Cling18 on May 22, 2022, 10:16:54 AM

I also tried using it before and it didn't work for me. That's why we're advised to learn everything about trading so we can do it ourselves. Yes, manual trading is more ideal and effective than trading bots because we could decide what to do on our own than relying on automated bets. Trading bots are too risky and as much as possible, we should get rid of them.

Although it is a robot, but the settings remain manual and are done by ourselves. So relying on robots for trading is not very effective, if it lacks technical basis and fundametal analysis. In fact, I have been invited to work together to set up roboot trading, this is because I understand a little about the technical analysis applied to execution orders in roboot trading. But so far I am still not interested in using trading robots. I believe more if I do independent technical analysis.

Cling18

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Quote from: sklopan on May 21, 2022, 10:19:02 AM

I tried to work with different bots, but I made an important conclusion - it's better to work manually. This option seemed to be the most reliable and profitable in terms of work.

I also tried using it before and it didn't work for me. That's why we're advised to learn everything about trading so we can do it ourselves. Yes, manual trading is more ideal and effective than trading bots because we could decide what to do on our own than relying on automated bets. Trading bots are too risky and as much as possible, we should get rid of them.

sklopan

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Many of my friends tried to work with bots, but few people were satisfied with the result. It seems to me that with experience, a trader may well earn more himself.

rektbot

newbie

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as I stated before, the only working bot is the one you can code yourself.
don't subscribe or pay for bots you can't access the source code.
If you know how to trade and if you know how to code, it's pretty easy to be profitable.
if you wanna check some results of my bot, here they are: rekt.it/video.html

GeorgeJohn

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Bitcoin is achievement

From what i know from bot application, people don't know that bot application has disadvantages, indecencies that the app run through a subscription as a recharge before it will stand firm to process your transaction. So using bot app is something i seen like people who doesn't understand the concept of trading are usually adopt the system of bot application trading. From my points of views it's like lazy set of traders will prefer using it. because from my perspective it disadvantages is higher than the advantages via trading.

sklopan

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I tried to work with different bots, but I made an important conclusion - it's better to work manually. This option seemed to me the most reliable and profitable in terms of work.

DoublerHunter

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Quote from: gazilla on May 21, 2022, 08:12:48 AM

I cannot speak for all of them. But the one I used on Kucoinom has only brought me losses and was going to got zero holdings had I not stopped it. Conclusion. Not trying the bot ever again!

^ Good thing that you have been realized.
Trading bots are just a tool for trading, if you don't have knowledge of it, it is completely useless.
This trading tool has an advantage and disadvantages but believes me, it will not increase your trading ability if you rely on this tool. The function is that this trading tool can help you when you are out on your PC and can able to set a stop-loss strategy.

gazilla

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I cannot speak for all of them. But the one I used on Kucoinom has only brought me losses and was going to got zero holdings had I not stopped it. Conclusion. Not trying the bot ever again!

savetheFORUM

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Quote from: tjtonmoy on May 19, 2022, 11:39:46 AM

I think it is best to say "Don't be greedy"
you can make money with bot but you may loose too.. so invest wisely!
there's a saying which goes like this : "don't invest what you can't loose!"
if you are trying to invest a lot, i think it's wise to split them into parts and invest in different platform or different crypto!
and if you are really wishing to use crypto trade bot! DCA will be the best option...
But don't take my word seriously! do your own research first before you invest

Some of what you write like don't be greedy and invest only what you can afford to lose are a perfect advises for the op because the op said that he wants to invest more money and by there he is already showing an early signs of being greedy. He is now investing money that can be out of his range.

It's only good if he got lucky and win his trades but what if it's a lose? That will be the time for blaming and regrets. Prevention is always better than cure, so before it happens, better if we refrain from doing it at all. 25%percent gain in a month is I think already a decent return. The goal there is to build a consistent profit but in a less riskier way.

tjtonmoy

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Quote from: sklopan on May 17, 2022, 12:29:43 PM

To be honest, I was convinced that you should not work with bots in principle. I don't know if I made the right choice, but I prefer to work manually.

yeah you are right.. but bot can save your time... there's a feature in bot which you can take advantage of.... in bot you can manually analyze and put the preferred data according to your analysis...bot will buy at low and sell at high... in spot trade actually! futures got high risks

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Quote from: Sauv84 on April 17, 2022, 12:21:29 PM

Hi all

Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.

Thanks

I think it is best to say "Don't be greedy"
you can make money with bot but you may loose too.. so invest wisely!
there's a saying which goes like this : "don't invest what you can't loose!"
if you are trying to invest a lot, i think it's wise to split them into parts and invest in different platform or different crypto!
and if you are really wishing to use crypto trade bot! DCA will be the best option...
But don't take my word seriously! do your own research first before you invest

freskhu

newbie

Activity: 62

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uh

sklopan

jr. member

Activity: 98

Merit: 2

To be honest, I was convinced that you should not work with bots in principle. I don't know if I made the right choice, but I prefer to work manually.

Topic: Experience of using a cryptorobot - page 2. (Read 716 times)