Topic: Make Money While You Sleep? Welcome To The World Of Crypto Trading Ai Bots - page 4. (Read 1259 times)

Bots are really useful and "may" save you a lot of time and money if you are an established trader already , if an experienced/established trader implements his own trading strategy & technical analysis into a bot , then most likely the bot will do his job even better by making trading more stable , efficient and emotionless. Even a semi-bot working a a trade indicator will save you some brain calories.

The dark side of trading bots are when marketing over describes a bot capabilities , thats where misunderstandings happen and people lose their trust to bots & trading technology.

Lastly i want to state that , if there are profitable strategies & technical analysis then there is a potential bot ready to be made behind that strategy.

I would formulate this even sharper:
Bot-trading is mainly for those people who don't know what they're doing. It was the same with my bot back then. I also hoped for high profits very quickly and simply used some strategies that the bot had preconfigured. I didn't know exactly what the strategies meant, what they were, or where their weaknesses were.
You can also see this on many sites that offer trading bots. You can often buy strategies from "professional" traders and load them into your own bot. Whether this automatically guarantees success, however, I dare to doubt.

Some of these bots also offer social trading at the same time, so as a trading beginner you don't have to worry about anything anymore except depositing money on your account:


(The source is embedded in the image)

Back to my image ("In a gold rush sell picks and shovels") from above: the only one who will actually make a profit is the provider.

This is the right decision. Better to trade manually than having to use BOT. Manual trading makes us continue to learn to analyze the market. BOT trading does not always provide benefits as expected, sometimes there are errors in the BOT and the problem must immediately get corrected.

Manual trading gives full access to the capital used for trading, manual trading is always better than BOT. BOT is only an alternative for people who really need it.

If the bot is really good why not the dev team use it an make profit for themselves?
Secondly, why do not you provide a traded account for last 6 months where we can check the performance of this bot?
Lastly, you should ideally setup a pamm or copy trading account using this bot and if the performance is really good people will follow it and the team will still earn good fee and comissions. I hope you will consider my suggestions.

I'm thinking bots can make mistake in certain ways. Either if market is highly volatile or there happens to be a gap.
Gap is the space we see in trading platform that spaces candle stick. So if that gap happens, I think that can change the mind of the not. Bots may be program and settings can change because gap can change human understanding of the market.
If the market

When I see "steady profit" or "guaranteed profit" I just ignore such offers right away.Please avoid the scammer lingo and the bold promises.
What's the guarantee that the bot will not crash?Can you guarantee 1-2% daily profit?
If,for some reason,the buyers of this bot didn't manage to make 1-2% daily profits,will you reimburse their money back?
You say the bot is monitored by 5 traders.Who is paying them for such job?

the phrase: "make money when you sleep" is a trap... 
I have tried several trading bots and none of them gave me profit when I was sleeping, activating trading bots when you will start trading is the right one because only trading bots worth over $ 10k are perfect.

It's just extremely "catchy" when someone reads that you can get rich overnight by simply buying a bot. Bots have a mystical quality for many users and trust blindly that the bot always makes the right decisions and makes you rich in a short time.

But in truth it looks like this:

• Bots only automate what you would do by hand. For example, reacting to trading signals
• If bots follow the wrong signals or are badly configured, they lose money just as if you were trading yourself
• Operating bots usually costs money, which must be taken into account when calculating the profit, this can considerably reduce potential profits. You also have to include Fees like the trading fees of exchanges.

So -> Bots are only as good as the user who configures them and definitely not miracle tools. Because if that were the case, no one would sell them, but simply run his bot. I think I posted it somewhere else but this picture fits perfectly:

I have been working with trading for more than 2 years and trading bot is not a new term to me. Trading bot, as you can see, is not a new term for us. As an intermediate trader, I can say that the benefits which trading bots bring are undeniable and they are great in maintaining your profit and managing your money

However, bots, on the other hands, can make an advanced decision like humans and because of that, they can not bring much profit as an advanced trader. Moreover, Bots cant understand the news and read fundamental analysis (some advanced bots are upgraded to fit new changes but they are hard to find or super expensive). If you cant balance bot trading and self-trading, I believe you can make a huge amount of money which no one can ever imagine before. But to do so, you need to have experience and knowledge which are super hard to obtained.

Keep trying, who knows one day we might be extremely rich

Bots can also experience risks, if you will spend a $1 million then it is useless because it is somehow improve your trading but not the losses. Trading can bring you losses and profit at the same time, the uses of trading bot is for the time that you are so busy that you can't perform manual trading.

For me, manual trading is still the best and most profitable than using trading bot. No matter how expensive your trading bot is, we're manipulating our assets in the same market so that's not a big deal. If I were you, i will choose a reliable trading bot and I will make my own strategies.

You are the one who are accountable with your decisions in your trading so your strategy and action matters.

There is no such thing as that. All bots work on some algorithm so even if you buy a $1 million bot but the algorithm sucks, you'll still lose money. Not to mention you also need to find an exchange that supports various trades options. Bots are just tools and you need to manually change the algorithm if it no longer works.

All this 'make money while you sleep' ads are really oversimplifying how you use a bot.

I used to be in these AI trading bots and it really didn't work. It only works fine for the first 1-2 months and after that the system always fails and gives false signals. Quality bots must be created for more than $ 1 million, which is the real bot. In addition, normal bots in telegram groups will usually not work stably and can never be profitable for us.

I wonder if the bot can solve the problem with fast if the market is turn around with the other movements because the technology for that bot to follow the market is not reach yet. Maybe the bot can trade as we set, but we need to change the setting if everything has changed too so the bots can trade as usual. If the market does not move differently in a day, I am sure that the bot will make a profit, and even the profit will come over and over.

You just think the same thing as me. I prefer to trade manually than trade by using BOT. The reason is that trading bot is nothing more than a machine that works based on our commands. Whatever it is, it still have to depend on our command. Therefore, learning how to trade manually is extremely important. I may take a look about it later, but now, I prefer to trade by myself.

Ever since, i never use bot. I have seen different feedbacks about trading bot and most of them aren't that good though. If we can read tools like fundamental and technical analysis, charts and volumes, we can trade by our own even we do  not use trading bot. At first, I was curious at how those algorithms trading bot are doing but we are still in a volatile market that even trading bot can't even manage.
 
 How accurate that bot is? Seems you are sure we may have steady profit in here as you say.

The OP just want to endorse his trading bot in short. Up to the trader if he will try this or not. But yes, the outcome is really up to the trader himself and not the bot. Just don't mislead users about the real purpose of having trading AI bot.

Trading bot everywhere menh, this is something that has come and gone already it's nothing new again is even better having a good knowledge of how to trade Crypto than wasting it on trading bot to do the dirty work for you.

Auto or Bot trading isnt something new and also i dont really like for these new popped out trading bots from nowhere whom do tell nor say that they can give out guaranteed profits on daily basis for some 1%-2% a day.
Theres no such thing about consistency or assurance on profiting on daily basis. Bots are for automation not just some sort of money making thing on where most people do have that kind of wrong perception.
Automation settings and its outcome will always vary on users capability on tweaking things basing on its trading knowledge.

Next, Do you really believe that someone will have that kind of confidence on throwing up some bucks into that address given? I would rather trust up https://www.gunbot.com/ than on this one.

When it comes to trading cryptocurrency, there are many obstacles for the average user — the complexity of technical analysis, the skills involved in identifying trends, and, of course, the volatility of the market, meaning coins can soar or plummet in value overnight. But what if you could trade constantly, even in your sleep, making a steady profit every day, with minimal effort? Welcome to the world of crypto bots.

But is it too good to be true?

The word ‘bot’ might bring to mind Russian hackers and fake Twitter accounts but crypto bots are perfectly legal and fully supported, if not exactly encouraged, by major exchanges such as Bittrex and Binance. Put simply, they are computer programs that remove the emotion from trading. They buy and sell your cryptocurrency for you, using algorithms to follow the trajectory of a coin, identifying when to buy and sell, and, in theory, allowing you to make small, round the clock profits. Used wisely, they are said to give an average profit of around 1–2% each day — though risk-seeking traders have reported much more than this.
Dephlagy Also is an Ai trading bot mixed bot’s ability like ladder orders entry improvement and also automatic Fibonacci level trading automatic Support and resistance detection behind all of this automated features bot trades always 24/7 monitor by 5 traders to avoid wrong positions and also right midterm/longterm trend detection