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Topic: Experience with Trading Bots - page 3. (Read 816 times)

member
Activity: 504
Merit: 33
April 17, 2021, 07:39:01 AM
#48
Has anyone actually had some good experience with (right set up) trading bots?
If so can you recommend any - that would be nice!

I haven't used any trading bot personally, but from what I'm hearing from those who did use them I can say that it usually doesn't work as good or even works terrible at time if you 're trading amount is small, but if you're trading with around $100k or more you can make some money out of it since with a good strategy you can make the price or dump in coins/token with less liquidity and slowly sell on top/buy on bottom and rinse and repeat.

You can also trade with lower amounts like $10k using front running bots on decentralized platforms like Uniswap(not going to work for smaller traders because of the ETH network fees currently) and Pancakeswap and get around 1-5% per trade depending on how low the liquidity is and how you configure the trading bot.
full member
Activity: 651
Merit: 101
$CYBERCASH METAVERSE
April 17, 2021, 03:57:36 AM
#47
even though we use a trading bot, we also need to analyze the parameters of the bot, we can not only rely completely on the bot because errors from bots can definitely occur. the most important thing is our own analysis and our trading skills are the main thing
sr. member
Activity: 1736
Merit: 306
April 17, 2021, 01:57:01 AM
#46
I don't have any experience using a trading, maybe you can try the kucoin bot, but I have no idea how to set it  up that's why have never tried using it, and I don't encourage using bots for trading cause no matter how they make it look like, it doesn't bring a guarantee profit and the risk of getting losses trading with a bot that does not have any feelings about your capital is really high, try learning how to trade yourself it's more better than trading with bot.
legendary
Activity: 2422
Merit: 1102
April 16, 2021, 12:31:06 PM
#45
If you whip through the content of the Crypto Trading Bots, you’ll see that every entry on the list has information about the supported platforms, which tend to be one or multiple options amongst Browser, Desktop, iOS and Android.

In order to get a general idea, back in the day, and with no intend to endorse anything here, I took a look through the documentation provided by one of the platforms that seems to have some reputation here, and that has a running live thread: Gunbot.

Now the interesting exercise here is to at least read through the examples and explanations provide over the first couple of pages within the thread, as well as their Wiki: https://wiki.gunthy.org/. The idea is to derive the type of features that these bots have/should have, understand that there are multiple algorithms (and how they work), understand the type of parameters that the support (and what they do), see how they react in adverse market conditions (depending on the algorithm used and the set parameters) … and eventually, determining if one considers himself capable of understanding how these bots work, and being on top of their parametrization.
I have used gunbot probably around the first time it came out to very later stages (haven't used it this year since I just bought and hold so no need for a bot) and I can tell you that it is one of the better ones in the market. It is not my kind of thing to shill about something, so I will say that it is probably the best, and at least best I have ever used but then I would like to talk about what is bad about it, so that it wouldn't be just an idiotic shilling.

I think if you are a person who has no idea about trading, no idea about indicators, if you have zero clue what "bollinger band" type of things mean, what MACD means, basically nothing about trading at all, you will 99% will lose money. Sure gunbot has easier configurations that you can use, but that doesn't mean that you will use them and make money, so you should know a bit more about trading to make profit with gunbot, otherwise it is useless if you are not a trader at all.
member
Activity: 64
Merit: 102
April 16, 2021, 09:33:48 AM
#44
Any bot winning in a bullish trend
legendary
Activity: 2338
Merit: 10802
There are lies, damned lies and statistics. MTwain
April 16, 2021, 04:16:51 AM
#43
<…> How difficult are the bots to implement..I mean does it need a laptop or just a mobile device... Do I have to deposit there. Or copy out the coding
If you whip through the content of the Crypto Trading Bots, you’ll see that every entry on the list has information about the supported platforms, which tend to be one or multiple options amongst Browser, Desktop, iOS and Android.

In order to get a general idea, back in the day, and with no intend to endorse anything here, I took a look through the documentation provided by one of the platforms that seems to have some reputation here, and that has a running live thread: Gunbot.

Now the interesting exercise here is to at least read through the examples and explanations provide over the first couple of pages within the thread, as well as their Wiki: https://wiki.gunthy.org/. The idea is to derive the type of features that these bots have/should have, understand that there are multiple algorithms (and how they work), understand the type of parameters that the support (and what they do), see how they react in adverse market conditions (depending on the algorithm used and the set parameters) … and eventually, determining if one considers himself capable of understanding how these bots work, and being on top of their parametrization.
member
Activity: 1120
Merit: 68
April 16, 2021, 04:15:31 AM
#42
I had a rather unpleasant experience with trading bots. I invested a certain amount of money in such trading bots a year ago, but both projects turned out to be fake and I just lost money. That is, my trading bots were not even trading bots, they were just a distraction. Since then, I have promised myself that I will no longer use the services of trading bots and the like.
There are free and open source ones that you can tweak to your specifications, I don't get why you paid for one. Bots can be a good help especially if you want to get up and do other things besides trading, if I am trading and if I could get my hands on one, I would probably go for one but given that you have a bad experience, I am sure that it will take more than a stranger on the Internet to convince you to try again.
hero member
Activity: 2296
Merit: 953
Temporary forum vacation
April 16, 2021, 02:42:23 AM
#41
Gunbot is still the most reputable in the industry I think but people forget that using a bot is only about automating strategies,,, not about making easy money. I think the next step now is for bots to be used in defi platforms (apparently they already are), scalping cheap prices between LPs and making swaps all the time for small gains.
Maybe I could try this one (Gunbot). Because honestly, I didn't try any of them, and the reason is that I simply don't give my trust to anyone. I know that trading bots actually exist this time but to find a legit and working bot is really hard to find and it feels bad hearing about disappointment and complaints.
That is why I'd stick to what I normally do in trading, well, manual trading gives me more learnings.

I guess everyone has to try something sooner or later to get your experience;) I never used Gunbot but we all almost have heard about it and you cannot go wrong trying a reputable bot. From what I have seen, it is a solid program that does all it is supposed to say. Just remember,,, as I said, you must have a strategy on your own. The bot only does what you tell it to do, it does not automatically generate profit or finds signals:)
sr. member
Activity: 1313
Merit: 278
April 15, 2021, 07:40:41 PM
#40
I had a rather unpleasant experience with trading bots. I invested a certain amount of money in such trading bots a year ago, but both projects turned out to be fake and I just lost money. That is, my trading bots were not even trading bots, they were just a distraction. Since then, I have promised myself that I will no longer use the services of trading bots and the like.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
April 15, 2021, 07:36:17 PM
#39
[BIG LIST] Crypto Trading Bots

Bots can not help you if you set a bot up with stupid paramaters that always end with losses when you use those parameters for manual trading or bot trading.
This is good list of trading bots and myfriend is using Gunbot and you’re right if you’re set-up is not good then using BOT is using since my friend lose a lot of money because of the wrong set-up.

If you’re not that good in trading but still want to try then better to use the default settings but you have to understand that using BOT can’t guarantee profit, it will still depend on the market condition.  You also need to invest with the BOT you’re using, and there’s one time fee for Gunbot.
sr. member
Activity: 1876
Merit: 318
April 15, 2021, 07:08:50 PM
#38
I also haven't used trading bots for a long time, I don't even know which trading bots have a good reputation. Because when I first started using
trading bots I had a bad impression, it didn't help me much in making profit in trading. Maybe I chose the wrong trading bots or the wrong settings,
but whatever the reason, for the time being I decided not to use trading bots first. Maybe I am used to it and feel comfortable trading manually.
hero member
Activity: 2072
Merit: 656
PredX - AI-Powered Prediction Market
April 15, 2021, 06:53:13 PM
#37
...Also have i thrown some money into shitcoin ICOs...
Don't worry, many experienced this, and let's laugh together  Grin Grin
Just take it as a big lesson for us right now.

btw about the trading bots, so far, I never use this kind of trading bots. I never heard about it and also try to explore but I am still doubtful because not all trading bots can really work well. Although it will help us very well, but it needs certain trading bots, a trusted ones, and also reputable in order to get it working well. if we use bad trading bot, it may give bad infleunce to us.

sr. member
Activity: 2422
Merit: 343
April 15, 2021, 06:45:06 PM
#36

Thanks for the input! Actually i have a little "team" of friends who want to develop a bot themselfs. As i was into trading a little bit (read some books, did some research, did my master degree in business finance where i also touched the subject), i just want to get some feedback in generall regarding bots as i never was interested in the issue till now. So i really appreciate your awnser(s)
Ohh, so mean you and your team are trying to develop bots?

Anyway, having a passion for trading could influence our minds to be more proactive and even we don't use bots it surely will works. In fact, successful traders never know about this until new trading technologies are endorsed to the public. And creating a bot is simply of the continued creation to make help for traders especially to those who are in the hectic schedule but I'm not really sure if this thing works so well compared to manual trading.
full member
Activity: 1330
Merit: 147
April 15, 2021, 06:28:37 PM
#35
Remember, I guess there are so many people who already said that trading bot is robot you can't depend on this tool for your trading plan. Robot is computer you have to set the target price that you will buy and the target price that you will sell your coin when you get profit or loss.

And those things need some strategy especislly for you. There is no trading bot that can give you a signal either buy or sell, there is no automatic feature to know signal buy and sell. It means, the trading bot need a good strategy and you have to overcome it. I suggest to know more about trading strategy first and you can use the trading bot as your tool to trade.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
April 15, 2021, 06:09:38 PM
#34
[snip]
Has anyone actually had some good experience with (right set up) trading bots?
Well, it is --my me and my friends are actually enjoying the benefits of bot trading bots. Fees are very minimal, with almost zero commission rates, and also time being spent checking charts and monitoring the prices is saved. Kucoin bot is one of the best platforms we are using. But we currently do diversify and currently trying different platforms like trading together with professional traders. I think this is the best option I could suggest. Copy trading is actually way better than trading bots. However, I don’t want to provide a specific platform. You may copy trading at your own risk.
jr. member
Activity: 155
Merit: 7
The dream God is what I embody
April 15, 2021, 05:09:17 PM
#33
<...>
There’s a massive list you can take a look through here: Crypto Trading Bots. I don’t know how well curated or vetoed the list is, so any option you go for should be thoroughly looked into. Some of those bots have their corresponding Service thread on the forum, where you may find further feedback and experience from its users, besides being able to ask whatever you need to know.

There’s another thread that’s seemingly interesting to read through: How to tell when a trading bot is a scam, and I don’t mean just the OP, but specially all the added comments to the thread.



How difficult are the bots to implement..I mean does it need a laptop or just a mobile device... Do I have to deposit there. Or copy out the coding
sr. member
Activity: 2226
Merit: 344
April 15, 2021, 05:03:50 PM
#32
I have tried many bots and I have managed to make some profits with the help of them but after some period of time all bots turned ineffective like they are not good at all market conditions but frequency of trading got reduced considerably against how it was in the beginning days.
I have read always most bots will be working like this in long run because bots are just programming codes which cannot be coping up with ever-changing different market conditions; but it would be much better instead of getting you false signals, your bots are not at all generating any signal; at least this way your capital will be secured.

I had plans to buy bots at many times because of lack of time to trade by myself but instead of risking with bots then I decided to invest only on bitcoin for holding purposes and not for trading purposes.
legendary
Activity: 2884
Merit: 1117
Leading Crypto Sports Betting & Casino Platform
April 15, 2021, 03:09:55 PM
#31
I am always having stoploss for all my entries so that I will not wasting my time to get back into a fresh trade to recover my losses.

Moreover, I never tried any trading bots as I am good at generating my own signal and I am consistently profitable because of my technical analysis skills. Hence I am recommending OP and all naive traders here to look into mastering basics of trading so that everyone can generate their own signals for better trading experiences.
You are sounding like a professional trader; because you are making use of stoploss for perfect reasons and also you are good at generating your own signal and more importantly your signals are good for consistently getting you profits. I just wish to copy your skill so that I could be successful in crypto trading.

I have tried many bots and I have managed to make some profits with the help of them but after some period of time all bots turned ineffective like they are not good at all market conditions but frequency of trading got reduced considerably against how it was in the beginning days.
sr. member
Activity: 1652
Merit: 299
April 15, 2021, 02:57:03 PM
#30
depending on which market you trade in, because the use of trading bots has several advantages of each. So far I have been using the stop loss trading strategy more, and selling at the highest limit queue.
Honestly I never heard about such a strategy so far in my 5 years of trading experiences. But I am always having stoploss for all my entries so that I will not wasting my time to get back into a fresh trade to recover my losses.

Moreover, I never tried any trading bots as I am good at generating my own signal and I am consistently profitable because of my technical analysis skills. Hence I am recommending OP and all naive traders here to look into mastering basics of trading so that everyone can generate their own signals for better trading experiences.
member
Activity: 364
Merit: 14
April 15, 2021, 02:33:09 PM
#29
depending on which market you trade in, because the use of trading bots has several advantages of each. So far I have been using the stop loss trading strategy more, and selling at the highest limit queue.
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