Is gunbot or automatic trading robot really profitable ?

Koadharber

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Quote from: Golftech on December 01, 2017, 09:15:47 AM

Quote from: IAMYOURLEADER on November 24, 2017, 09:46:26 PM

I've seen statements from users that it's not very useful. Those who sell can't even prove their huge earnings to see how profitable it is and it's also very expensive. If I have that app that is really working then I would not sell it to earn more because the app itself is already giving me continuous wealth.

its useful mate, it will lessen your time inside exchange as bot already have programs to set your expectations, I don't have a personal experience
with gunbot but reading the features of this program you will get an idea how trading can be performed without spending too much time as mention
the bot will do the task for you.

Bot would really be a good tool for us since it do automate on our trades without the need on sitting out on your front of your pc just to make trades since those bots will really help us to done on what we are doing but the true thing is that those are just tools not totally the ones or things that do make money for us and knowing that we are the ones who do set out on settings on which bot would able to execute commands depending on the things you do set.

Golftech

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Quote from: IAMYOURLEADER on November 24, 2017, 09:46:26 PM

I've seen statements from users that it's not very useful. Those who sell can't even prove their huge earnings to see how profitable it is and it's also very expensive. If I have that app that is really working then I would not sell it to earn more because the app itself is already giving me continuous wealth.

its useful mate, it will lessen your time inside exchange as bot already have programs to set your expectations, I don't have a personal experience
with gunbot but reading the features of this program you will get an idea how trading can be performed without spending too much time as mention
the bot will do the task for you.

Red-Apple

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Quote from: DGulari on December 01, 2017, 03:36:50 AM

Quote from: MURONDI on November 21, 2017, 12:59:04 AM

I am also curious about gunbot, see the license price is very expensive and can be resold, I think will yield consistent profits, manual trading is more steady but exhausting Grin

Gunbot license price isn't very expensive as you said. I think it's still reasonable amount and almost all people can buy it (it's only cost you 0.1 btc).
Automatic/trading bot only will make your trading activity become easier than when you do it by manually.

0.1BTC is more than $1000 right now! i wouldn't call it very expensive but it is still pretty high.

i have not used this bot but it seems like a good one from what i have read on their topic and from the explanations. but the important thing that people who look for a bot always forget is that a bot is not going to make you profit on its own. you do need to know how to make profit using it. you also need to be very familiar with the market and be able to decide which coin to choose and when to go in. and there are a lot of other things to consider if you want a consistent real profit not just a profit based on luck.

DGulari

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Quote from: MURONDI on November 21, 2017, 12:59:04 AM

I am also curious about gunbot, see the license price is very expensive and can be resold, I think will yield consistent profits, manual trading is more steady but exhausting Grin

Gunbot license price isn't very expensive as you said. I think it's still reasonable amount and almost all people can buy it (it's only cost you 0.1 btc).
Automatic/trading bot only will make your trading activity become easier than when you do it by manually.

flippener

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Quote from: IAMYOURLEADER on November 24, 2017, 09:46:26 PM

I've seen statements from users that it's not very useful. Those who sell can't even prove their huge earnings to see how profitable it is and it's also very expensive. If I have that app that is really working then I would not sell it to earn more because the app itself is already giving me continuous wealth.

It's not that simple - it does need some monitoring and tweaking, so if you are short of time with other things going on in your life I can perfectly understand wanting to sell it. And don't forget, given the rise of BTC, they'll always get back more fiat than they paid for it.

IAMYOURLEADER

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I've seen statements from users that it's not very useful. Those who sell can't even prove their huge earnings to see how profitable it is and it's also very expensive. If I have that app that is really working then I would not sell it to earn more because the app itself is already giving me continuous wealth.

flippener

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Quote from: wonderchaff on November 21, 2017, 03:20:08 PM

thanks for link ... by the way nice blog

Thanks! I find it helps me to write it all down.

I'm thinking of writing a basic 'Crypto 101' course for noobs - it would have helped me when I started.

wonderchaff

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Quote from: flippener on November 20, 2017, 06:56:49 PM

My initial thoughts: https://bitcoin-investors.co.uk/2017/10/my-thoughts-on-gunbot/

thanks for link ... by the way nice blog

MURONDI

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I am also curious about gunbot, see the license price is very expensive and can be resold, I think will yield consistent profits, manual trading is more steady but exhausting Grin

The_Dark_Knight

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Quote from: wonderchaff on November 19, 2017, 12:35:42 PM

Hi guys , I have questions about trading robots . Is it really profitable ? It is hard to set up ? Do you have some experience with gunbot or others ?
Did you earn something with these robots ? Thanks for all answers

Trading bots are not money making machines that you can just turn on, remember a tool is as good as the one that uses it, if you do not know anything about trading then you are going to lose your money because you are not going to configure the bot in the right way, so before thinking of using bots make sure to learn how to trade yourself and become a successful trader if you cannot do that then the bot is not going to help you.

flippener

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My initial thoughts: https://bitcoin-investors.co.uk/2017/10/my-thoughts-on-gunbot/

wonderchaff

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so i think bot are good for stocks , forex maybe bot in crypto world here is it like wild west where is something happening with no reason (for example when were in news articles about parity hack on eth everyone thought it is going to lose a value but eth gained value Cheesy

, good project loosing value and projects with no future gaining value (bitconnect) ) ....

mich

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I've tried a lot of bot for many altcoins before. but I could not provide proper efficiency at all. The reason is very simple. no fund manager trading robot cant predict the future of the robot in full meaning. it can not feel it. These are very important details. no "bot" cant easily perform operations on this market. waiting for the market to come in handy at all is already in the worst case.

klaaas

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Take a look on the Gunbot forum OP and read the experiences people have with the bot.
As stated above, it will boil down to the rules you supply to Gunbot.

wonderchaff

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Quote from: Mike Mayor on November 19, 2017, 03:44:32 PM

People always misunderstand these bots. You don't just turn them on and leave them and they make money for you.

Exactly i thought this cuz marketing for these robot is like "make profit 10% a day , every good trader use robot to generate profit , let robot generate profit for you ..." everywhere is just word "profit" ....i haven't know nothin about it .. but now i know that everything depend on trader and his strategy ...

crazyivan

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The bot itself does the work great. However, setting up the bot is strictly up to you. If you select a coin with lots of violent pumps and dumps, there is a big chance you ll lose your money. The best ones for trading are smaller alts which follow predictable price pattern. These days, with this BTC growth, trading is best to be avoided. Unless you short alts and margin lend!

Mike Mayor

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People always misunderstand these bots. You don't just turn them on and leave them and they make money for you. You can lose money too. They there so when you put a sell or buy order you get a good price and don't end up buying for higher if the price drops and yours is still up high, the bot prevents this from happening. So while you sleep if a certain coin sells at a certain price you can tell the bot to sell, in that way you don't have to be awake and know you won't miss the trade. You can also tell the bot how long to hold on for and set tolerance levels for buying and selling. But it is not an automated money making machine if it was they will not sell it and keep it for themselves so you do have to have skills.

wonderchaff

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Quote

Prices go up by 7-10% and down by the same range on a daily basis on different coins.

it sounds like wild West Cheesy

ahmedjamal1998

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I'm one of the people who actually does day trading but doesn't use bots or anything similar.
In fact, I think I've seen more complaints regarding these bots more than people praising them.

And taking into perspective their current price and how they really work, I can say that it's not worth it.
First of all their price is about $700 !! Unless you are a whale yourself and are willing to invest a couple hundred thousand dollars, you shouldn't be thinking about buying such a thing.

Quote from: Saifher on November 19, 2017, 12:51:45 PM

The hard part is finding a trustworthy algorithm that you can leave on and not worry about it, and then adjusting it to your needs as you see fit.

I think it's extremely difficult if not impossible to figure out such an algorithm. Yes the crypto altcoin market usually follows a pattern in price changes but that doesn't mean that it will ever reach the level that you don't need to worry about it. Things change. Some coins get dumped real hard due to news/rumors or whatever and these can't be predicted by codes.

You must've started thinking about it as an "easy insta profit" method. Believe me the word "no pain=no gain" is real. If you don't trade yourself and inspect the markets closely you won't get anywhere.

Quote

but i remember the we made more than 3% on just a single day,

Is 3% per day a lot ? This simply means that you haven't been into the game since then.
Prices go up by 7-10% and down by the same range on a daily basis on different coins.

Xavofat

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Did you see that ludicrous display last night?

Gunbot are not promising profits or anything outrageous, so fair play to them for having the software.

As for whether they're profitable, it depends who's using them. You can't just set up the bot and expect it to make you endless money. The bot works on minor fluctuations, so you have to choose an ideal currency and know when to stop it and trade manually.

You also have to consider exchange risks. The risk of leaving your coins on Poloniex or Bittrex most likely outweighs any smaller profits that you might make.

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