Experience with Trading Bots | Bitcointalksearch.org

cryptolord2077

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Quote from: stomachgrowls on April 29, 2021, 03:17:44 AM

Quote from: cryptolord2077 on April 28, 2021, 06:59:45 PM

Quote from: tippytoes on April 14, 2021, 07:18:31 PM

Quote from: cryptolord2077 on April 14, 2021, 07:12:09 PM

~

Actually it could really be on neither side when we do talk about outcomes because it isnt always that negative and mostly those people who are complaining specially if they had lost is that they do believe that bots
could really make out guaranteed money and when reality slaps out into their faces then they got frustrated and say that it doesnt work or garbage.

Honestly, bots are useful if you do know on whats its actual usage or you do know on how to set up things.Dont anticipate for some money making generator which most noobs
do believe which is really not true.

Basing on my experience about Bots then its useful for automation when you are away from your keyboard or pc.Set settings according to your knowledge and what you do prefer
and let the bot do on what you had mandated or set.

I'm just saying that if someone has their own trading bot that makes a profit or access to it, why should they share it?
After all, you can take money from anywhere, even from a billionaire, and increase it quietly and safely, without publicity. What's the point of sharing a cheap bot subscription if you yourself can row money with a shovel.

tygeade

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Quote from: Lordhermes on May 05, 2021, 01:05:11 PM

Trading bots are also prone to mistakes too. I once had a rough experience trading with not and I ended up blowing up my account. It was all fun at first. I grew my $100 account to $2000 with a space of 1 week. And ended up blowing it down to $0. Having a prior knowledge of this could hopefully be the best approach other than trading with bots that can't give a certain guarantee.

That must be really funny. I'm just wondering how you got blowing down to zero then you were able to make $2000 with your $100. I guess you might have continued with that bot so that you will get better chances to make profit because I had similar experience where I never got chances to make profits but only losses from first trade onward.

Did you change any of your getting before your bot turned to get you losses. Because, I doubt how a profitable trading bot suddenly changing into loss making one.

Lordhermes

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Trading bots are also prone to mistakes too. I once had a rough experience trading with not and I ended up blowing up my account. It was all fun at first. I grew my $100 account to $2000 with a space of 1 week. And ended up blowing it down to $0. Having a prior knowledge of this could hopefully be the best approach other than trading with bots that can't give a certain guarantee.

Igr0k

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Quote from: ADCrypto101 on April 14, 2021, 06:19:32 AM

Hi Guys,

i have been in the crypto world for a little bit but not to long- bought first BTC end of 2017 begin 2018 (and some Alts as well) and sat trough the whole bearmarket.
Also have i thrown some money into shitcoin ICOs.

Since this bull market i tried trading a little bit (doing "okay" nothing special but its alright) as i have a job where i work often long and @#%*& underpaid hours i dont have the nerve and time spending my spare time infront of the PC to check the charts and do active trading.

Has anyone actually had some good experience with (right set up) trading bots?
If so can you recommend any - that would be nice!
Or have you maybe some warnings about scams(which bots definitely not to use, or what to look for in a bot to avoid it beeing a scam)

Thanks in advance for the answers!

Kind Regards
AD

Hi AD,
I am using an automated DCA trading bot (altcoins USDT pairs, spot account, Binance) based on signals from a trading group (monthly subscription fee 25 usd) on 3Commas. Monthly return is around 11% on invested capital. There is no maintenance or errors with the bot, no need to change the parameters, as you get everything preset up by the trading channel admins. There are fullscope tutorials and explanations for the settings and telegram channel for support. I started the in March and have so far no problems during dumps and pumps happened.
But this is only my experience, not a financial advice Wink

Regards,
Igr0k

AakZaki

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Quote from: velive08 on May 02, 2021, 12:11:54 PM

in trading using bots, the problem that I have experienced is the error of a separate bot while trading is running, but it's not a big problem but it quite disrupts the course of trading. There are many cases of bot errors, so maybe the bot you use must always be updated and always in good condition when used in trading

error depending on the type of bot you are using. if the trading bot used is a free bot with some reduced features, then it's no wonder that errors often occur. for premium bots, they will usually have more features and more support from the developer.

I myself have never used bots, because manual trading is better than having to use bots.

fullhdpixel

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Quote from: velive08 on May 02, 2021, 12:11:54 PM

in trading using bots, the problem that I have experienced is the error of a separate bot while trading is running, but it's not a big problem but it quite disrupts the course of trading. There are many cases of bot errors, so maybe the bot you use must always be updated and always in good condition when used in trading

It means you tried with outdated bot? I believe most of the bots which are available for free of cost are not getting regular update from devs which might be the another reason why people are not finding them effective for profit-making in crypto trading.

Another probable reason for getting error is, people are messing up with wrong setting. When you are going customized settings then you should be aware of what you're doing otherwise you may encounter unexpected errors time to time. People are going for their own customization with the expectation of making bots more effective in catching good trends but it is not happening in that way in most cases.

velive08

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in trading using bots, the problem that I have experienced is the error of a separate bot while trading is running, but it's not a big problem but it quite disrupts the course of trading. There are many cases of bot errors, so maybe the bot you use must always be updated and always in good condition when used in trading

geegaw

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Quote from: Alexbenua97 on May 02, 2021, 04:46:00 AM

Never used a trading bot! Because a year ago, when there was a massive collapse of the crypto and stock markets, bots did not save and everything went into a big minus! Therefore, I trade manually without bots! I am responsible for my trade Wink

How bots can save us in this market crash, it is ultimately just a tool to offload activities and give us more time to rest, its performance seems to be based on a certain number of starting and ending points, which in some cases can generate steady cash flow when the market is within those fixed points. However, as this market may offer so many different starting and ending points, the bot's design also becomes pointless over time, people still dominate when they act with their thoughts and have an independent strategy to deal with this market

Alexbenua97

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Never used a trading bot! Because a year ago, when there was a massive collapse of the crypto and stock markets, bots did not save and everything went into a big minus! Therefore, I trade manually without bots! I am responsible for my trade Wink

Hamphser

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Quote from: Questat on April 29, 2021, 06:23:46 PM

Quote from: jaberwock on April 29, 2021, 04:58:29 PM

Quote from: wahyu wida on April 29, 2021, 07:45:12 AM

before we trade using bots, I think we have to understand manual trading first, so that we can find out when bots are not working properly. for example when there is big news that affects the market, so that our funds are still safe. therefore I don't say bots are bad, but defense is the best way to survive in the trading world

Manual trading must be a good way to protect our funds in the times of occurrence of any unexpected big news but people are still preferring going for bots trading because they believe they could make passive income by setting up bots. So, traders are having their own reasons for choosing trading bots.

Apparently, it was their option, and some traders are even satisfied with bots but for some reason also that I never have the interest to use this rather than sticking to manual trading. Because for real, everything that bots do is coming from us, if we fail to send a wrong decision, the bots will still follow it, so this means that the bot is just a clone. What I wanted to see is that the bot will have to do something to correct but that seems impossible since the algorithm is coming from the trader.

You mean self-changing bot according on the market situation? It cant be possible and if there's one then you do really believe that it would just be sell out cheap or can be free?

Bots are for automation and its true that it is only following on whats been set by the trader and would execute those commands no matter neither you are losing or winning.

You would appreciate bots if you do know their actual purpose but if you are hoping for something more then it would really just frustrate you out.

Questat

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Quote from: jaberwock on April 29, 2021, 04:58:29 PM

Quote from: wahyu wida on April 29, 2021, 07:45:12 AM

before we trade using bots, I think we have to understand manual trading first, so that we can find out when bots are not working properly. for example when there is big news that affects the market, so that our funds are still safe. therefore I don't say bots are bad, but defense is the best way to survive in the trading world

Manual trading must be a good way to protect our funds in the times of occurrence of any unexpected big news but people are still preferring going for bots trading because they believe they could make passive income by setting up bots. So, traders are having their own reasons for choosing trading bots.

Apparently, it was their option, and some traders are even satisfied with bots but for some reason also that I never have the interest to use this rather than sticking to manual trading. Because for real, everything that bots do is coming from us, if we fail to send a wrong decision, the bots will still follow it, so this means that the bot is just a clone. What I wanted to see is that the bot will have to do something to correct but that seems impossible since the algorithm is coming from the trader.

jaberwock

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Quote from: wahyu wida on April 29, 2021, 07:45:12 AM

before we trade using bots, I think we have to understand manual trading first, so that we can find out when bots are not working properly. for example when there is big news that affects the market, so that our funds are still safe. therefore I don't say bots are bad, but defense is the best way to survive in the trading world

Manual trading must be a good way to protect our funds in the times of occurrence of any unexpected big news but people are still preferring going for bots trading because they believe they could make passive income by setting up bots. So, traders are having their own reasons for choosing trading bots.

In the past I also have tried trading bots but I tried only free bot (as per my colleague recommendation) which is usually known for less efficient on generating signals.

goldade

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Quote from: Coin_trader on April 14, 2021, 06:23:21 AM

Quote from: ADCrypto101 on April 14, 2021, 06:19:32 AM

Hi Guys,

i have been in the crypto world for a little bit but not to long- bought first BTC end of 2017 begin 2018 (and some Alts as well) and sat trough the whole bearmarket.
Also have i thrown some money into shitcoin ICOs.

Since this bull market i tried trading a little bit (doing "okay" nothing special but its alright) as i have a job where i work often long and @#%*& underpaid hours i dont have the nerve and time spending my spare time infront of the PC to check the charts and do active trading.

Has anyone actually had some good experience with (right set up) trading bots?
If so can you recommend any - that would be nice!
Or have you maybe some warnings about risks and scams.

Thanks in advance for the answers!

Kind Regards
AD

The best and legit trading bot right is the Kucoin bot. It has a DCA and Grid trading which is perfect to newbie traders. It has built in suggested bot setup base on the price history of the coin so you can just use the default setup. So far this is the only trading bot that I know. The rest of the trading bot offered by a random user is most probably a scam bot especially if it is from a newbie or lower rank account.

I've always believed all trading bots are scam and if not, mostly don't make profitable trades. I've had my share of experience with some of these bots and I've concluded that the best thing to do is learn trading personally and not depend on some trading bots. Trust me, many of these bots are made to help you make successful trades.
However, I am open to trying things and I guess I'd just try out the Kucoin bot you mentioned above. I hope I'll find it as useful and profitable as you have recommended.

wahyu wida

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before we trade using bots, I think we have to understand manual trading first, so that we can find out when bots are not working properly. for example when there is big news that affects the market, so that our funds are still safe. therefore I don't say bots are bad, but defense is the best way to survive in the trading world

DigitalFox

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Any recommendation for a bot for a (more or less) noob in trading? I want to try it to automate my scalping attempts, so far I do it manually but it requires a lot of concentration. I only do this when I have some free tether waiting to enter pairs I'm interested in. Want to make it work while I'm waiting.

stomachgrowls

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Quote from: cryptolord2077 on April 28, 2021, 06:59:45 PM

Quote from: tippytoes on April 14, 2021, 07:18:31 PM

Quote from: cryptolord2077 on April 14, 2021, 07:12:09 PM

I have dealt with several trading bots in my life. In particular, I would like to note that none of these bots brought me any profit. I dealt directly with automated trading bots that traded on the bitcoin market according to a certain algorithm. All these bots brought money only at the beginning, and only at a time when the market was calm. I want to note that this experience happened to me during the bear market, perhaps now such bots are more accurate and profitable, but then this did not happen. So these bots brought profit for several months and then something called "unforeseen circumstances" happened, they just took and lost most of the money.

This is one good example about real experience in trading bots. And unfortunately, you had a bad one. Never used a trading bot ever since I am into crypto. But maybe, I have time to do on my own. I think it is better for the OP to learn on his own, even allot a little time each day and learn the ropes of crypto trading. In time, he will learn the tricks on this trade and he can use it throughout his trading career in crypto. He can't learn those tricks overnight but patience is the key.

I don't know people who have had a completely positive experience with trading bots. Especially if we are talking about automated bots.
But on the other hand, I have the experience of my friends who have used this kind of bots, and everyone, as one, has this experience - negative.

Actually it could really be on neither side when we do talk about outcomes because it isnt always that negative and mostly those people who are complaining specially if they had lost is that they do believe that bots
could really make out guaranteed money and when reality slaps out into their faces then they got frustrated and say that it doesnt work or garbage.

Honestly, bots are useful if you do know on whats its actual usage or you do know on how to set up things.Dont anticipate for some money making generator which most noobs
do believe which is really not true.

Basing on my experience about Bots then its useful for automation when you are away from your keyboard or pc.Set settings according to your knowledge and what you do prefer
and let the bot do on what you had mandated or set.

suryogandul

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Quote from: AakZaki on April 22, 2021, 12:39:15 PM

There are lots of free trading bots available but with great risks. Free trading bots will only waste your money. I have never come into contact with trading bots because I trade manually using technical and fundamental analysis, because manuals will be more secure compared to having to use bots even though they are premium trading bots.

free bot trading does not seem designed to be maximally designed for traders, the bot was created purely not to make people help out in trading. so I think it's fair to put a big risk because we are using a cheap mode and there is no advantage whatsoever, so if you want to use an accurate trading bot, my advice is to use a premium one and from a trusted developer.

cryptolord2077

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Quote from: tippytoes on April 14, 2021, 07:18:31 PM

Quote from: cryptolord2077 on April 14, 2021, 07:12:09 PM

I have dealt with several trading bots in my life. In particular, I would like to note that none of these bots brought me any profit. I dealt directly with automated trading bots that traded on the bitcoin market according to a certain algorithm. All these bots brought money only at the beginning, and only at a time when the market was calm. I want to note that this experience happened to me during the bear market, perhaps now such bots are more accurate and profitable, but then this did not happen. So these bots brought profit for several months and then something called "unforeseen circumstances" happened, they just took and lost most of the money.

This is one good example about real experience in trading bots. And unfortunately, you had a bad one. Never used a trading bot ever since I am into crypto. But maybe, I have time to do on my own. I think it is better for the OP to learn on his own, even allot a little time each day and learn the ropes of crypto trading. In time, he will learn the tricks on this trade and he can use it throughout his trading career in crypto. He can't learn those tricks overnight but patience is the key.

I don't know people who have had a completely positive experience with trading bots. Especially if we are talking about automated bots.
But on the other hand, I have the experience of my friends who have used this kind of bots, and everyone, as one, has this experience - negative.

Traderbtcc

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I only know about kucoin trading bot because they normally advertise it when you visit their exchange,I don't know any other trading bots cause I don't even like the idea of trading with bots, if you are going into trading for long term I think instead of using this trading bots why not just learn the trading full time, using bots doesn't guarantee you will make automatic profits, you still need to monitor the trades and make good trading strategies which the bot will then automate the whole process, that's why I still prefer manual trading over trading with bots.

Yatsan

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I have got some good experience using trading bots but still I would rather do it on my own rather than rely on it for me to be able to grow as a trader. I am just using it sometimes whenever I have a handful of stuffs to get in with. But most of the time I personally get things and work done on my own about trading for I am somehow (not totally) confident on my trading capacity which is why I need to learn more about it by doing my trades on a personal manner.

Topic: Experience with Trading Bots (Read 816 times)