Profitability of Trading Bots - page 2.

pajak666

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Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

What kind of bot are you using? Did you set up a commercial solution or something personalized? Any info on it's performance would be highly anticipated if you are making a thread about it.

tonyvo2017

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Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The bot trading is really good, but it's up to the person who set it. in it, I only believe in bots of mutual funds. they summon PhD maths and numbers people to program a bot that can't be beat. Mr. Foundation's fund Thorp has actually grown thanks to their bot. As for the bots that are widely sold in the crypto market, I do not believe, these are all liars.

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Quote from: KrisAlex18 on January 03, 2020, 04:21:26 AM

Quote from: pawanjain on January 02, 2020, 12:26:17 PM

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Trading bots are not AIs that can make a decision with itself but it is rather just an extension of the trader's style. Trading bots are not adaptive, it is just basically a set up goal by the trader on which the result is still unknown if it will fail or succeed. I'd rather trade manually than using bots since it is just the same but I recommend bot if you guys want to trade and do other work simultaneously.

We are now struggling in trading with a different issue like, if we have a stable job and using the cryptocurrency trading for extra income, we don't have too much time to be updated what is happening in the market. Most of us want to find an alternative strategy to we keep earning a lot of money while we don't do anything, so that idea come up is to make a trading bot. This trading bot can identify when are the right time to buy and sell coins and get profit and the user without doing anything. Some problem of the cryptocurrency trading with a bot would be the algorithm if the programmer made a mistake on the program it may cause damage to your income and also it will make an unauthorised trade. But still, we are trading at our own risk it depends on you what you will prefer for trading.

KrisAlex18

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Quote from: pawanjain on January 02, 2020, 12:26:17 PM

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Trading bots are not AIs that can make a decision with itself but it is rather just an extension of the trader's style. Trading bots are not adaptive, it is just basically a set up goal by the trader on which the result is still unknown if it will fail or succeed. I'd rather trade manually than using bots since it is just the same but I recommend bot if you guys want to trade and do other work simultaneously.

Pamadar

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Quote from: Distinctin on January 02, 2020, 09:11:23 PM

It is certainly be depending of what coin are used in trading and also the trading bots you'll have.
I can't really say that it was more profitable or not than manual trading as isn't proven above. But the growing number of trading bots existed nowadays, I believe that it works well. However, some traders are much confident of doing it by themself rather than relying on bots.

Indeed, people who loves chasing the changing market paces are more likely to trade manually than using bot. It much enjoyable and more learning to
achieved once you trade manually as you will be able to observe and analyze the right pattern to use. Eventually when you master this system bot can
be helpful since you have a better confidence to entrust your position with the help of the bot that will performed for you.

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Quote from: Yamifoud on January 03, 2020, 01:36:03 AM

Quote from: pawanjain on January 02, 2020, 12:26:17 PM

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Bots act according to the signals that they may receive, it all be done by their own understanding not the one that used it. Having this kind of works it actually giving beneficial to traders for not spending more time in trading and they all just depend on the bots but not sure if it really works for them.

And wondering if someone who used this one could tell something that they are profiting. Cause most of us here not really familiar to this and this is also expensive which many traders would prefer to do it manually rather than to buy trading bots.

Is it really worth it to have a trading bot? Because I doubt, as if I were the owner of the bot, I will just use it on my own if I can see that it is that accurate and successful. Still for me better to learn trading well and don't just depend on bots, as they were also just programmed and not that too much accurate.

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Quote from: pawanjain on January 02, 2020, 12:26:17 PM

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Bots act according to the signals that they may receive, it all be done by their own understanding not the one that used it. Having this kind of works it actually giving beneficial to traders for not spending more time in trading and they all just depend on the bots but not sure if it really works for them.

And wondering if someone who used this one could tell something that they are profiting. Cause most of us here not really familiar to this and this is also expensive which many traders would prefer to do it manually rather than to buy trading bots.

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Quote from: drlukacs on January 02, 2020, 10:37:26 PM

Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

bot trading never existed in my trading terminology. because only a few bots can work well for a long time. I tried bot trading and it only worked in the first 7 orders and the following commands made a lot of mistakes. Of course, I tried many types of bots and lost more than $ 6000. so now I don't trust the bot of any service, I believe in my judgment and the market price.

That's right, if others can really earn through trading why we can't, there's a lot of experts out there that don't rely on trading bots, they worked hard for what they are and what they have and earned so far, it's not an easy to trade but there's no impossible if you really want what you are doing in your life, just love and make it your passion.

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Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

bot trading never existed in my trading terminology. because only a few bots can work well for a long time. I tried bot trading and it only worked in the first 7 orders and the following commands made a lot of mistakes. Of course, I tried many types of bots and lost more than $ 6000. so now I don't trust the bot of any service, I believe in my judgment and the market price.

Distinctin

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It is certainly be depending of what coin are used in trading and also the trading bots you'll have.
I can't really say that it was more profitable or not than manual trading as isn't proven above. But the growing number of trading bots existed nowadays, I believe that it works well. However, some traders are much confident of doing it by themself rather than relying on bots.

pawanjain

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I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

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Quote from: Amel on January 02, 2020, 09:33:29 AM

Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The fact is so, at first you will feel amazing that the trading bot can go according to plan, but over time the bot is increasingly detrimental to you and suck up your money. This is not bullshit, but my personal experience and maybe many people who feel like me, maybe you still do not feel it, but soon you.

Bot does really give out profits but it will really indeed vary on the market conditions.I have made money on using up trading bots but well all would really
still need for you to configure on how the bot would work.So in short, profitability will depend on how you do deal it up.Somewhat mixed up some
luck for you to gain out some profits but most of the time it will vary on decision analysis.

Amel

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Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The fact is so, at first you will feel amazing that the trading bot can go according to plan, but over time the bot is increasingly detrimental to you and suck up your money. This is not bullshit, but my personal experience and maybe many people who feel like me, maybe you still do not feel it, but soon you.

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Quote from: CarnagexD on December 16, 2019, 11:51:57 AM

Quote from: avatar_kiyoshi on December 16, 2019, 05:17:12 AM

Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

For a paid bot, it's work well, I ever to pay in trading bot (it's actually me & my friend) to try the bot. The bot itself offer 1% profit per day, at the first month it's work very well, the profit is not missing, but when there is a shock on the market, the bot starts to get confused, had lost about 2 days (around 3%), after that the bot returned to normal.

Just to remember trading bot is suitable for who wants to invest in trading but have no a lot time. Trading bot is shut down our experience in trading.

Did you really pay on using bots? I mean there are some that is free to use though I haven't used any of them yet. But well, we should be wary of what bots are capable of doing trades coz basically bots are just an extension of ours with our settings on it and typically based on the market movement, So there is no accurate percentage of profit at all. On top of those profit you get from 1% or 2% a day, when you lose big time about 10% in a month then it is not healthy anymore, just do the math when you are paying for the bot to work for you relatively to what you are earning on using it.

Yes, I used an automated trading bot that does not require difficult setup. Investing in an automated trading bot is of course more risky, I can afford to lose my money in this kind of bot, so that's why I tried it.
The profits are fairly constant so far, but I am still researching about this bot to make sure the calculation, so I still cannot suggest investing in this kind of bot.

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Quote from: tungaqhd on December 19, 2019, 06:01:12 AM

Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I used to earn good money with trading bots then i stopped when i realize my bot strategy isn't profit anymore. Bots with latest technology like AI still have a fixed accuracy.

It is odd, a strategy may have market conditions in which it operates at a greater effectiveness but it should not suddenly become unprofitable for no reason at all, what kind of strategy were you using to make money in the markets? It is also possible that you did not configured your bot correctly and maybe it is making some trades that you will never do and that is reducing its profitability, personally I prefer to trade manually since I do not want to lose my money just because I made a mistake when coding my bot.

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Quote from: nicolas1979 on December 22, 2019, 09:04:45 PM

I already leave trade using bot or signal, profitable at the first and bankrupt in the end. That's my experience but if someone has good continue profit from bot that's luck and I must say congrats. Become professional trader is my dream and I need skill but using bot will kill my performance, I can't do anything fun again because everything was taken by bot. So far I don't agree with bot and I'm sorry if someone out there can become professional with bot.

If there is a chance to get profits that means we could take advantages of the bots, we should look at the chance and avoid the loss. I'm sure it's all about the market movement, We should analyze the market movement and look the market condition when the bots gain profits, and at the future we only trade when the market has similiar condition as we got profits before.

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Quote from: justdimin on December 23, 2019, 06:14:50 AM

Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I doubt about that. Look into this recent real time experience of one of high rank member of this forum here and more importantly this post. The provider had claimed that there was no single losses to them (up to the date I checked them) but honest reviews are saying complete different stories. Bots are not my way of trading. I use few bots for easing my analysis but I do trade on my own.

Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

No wonder about its working conditions but the main concern should be about its versatility. I mean is it capable of getting you profits? In consistent manner? Nowadays devs are claiming making use of AI in their bots which may give us positive things but markets are known highly unpredictable by any mathematical formula.

I guess we cannot completely ignore using bots for our trading as devs may bring revolutionary things with their coding but that may give us profits only in short term because when more number of people will be using same bot, again market may become too complex to predict its directions. This could be the reason why bots are not working good in long term.

As the innovation today, cryptocurrency is one of the most profitable coins because the price of it is very volatile that neither can predict nor the future of the coin, but some of them are doing a research what is happening on the future of the coin, and this kind of action makes help to get a hint what is happening to the coin. By the improvement of getting more coin, the developers make a trading bot to their everyday trading those algorithms gets the idea when is the right time to buy or to sell coin it is good too because you don't need to check all the time the rate of the coin but its more risky because if the programmed have a bug or mistakes it can cause loss of income, but it makes it good it gives much profit. It is biased to the people who are making research on their tradings too; today there is a lot of trading bot seeling through online that you can avail.

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Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I am curious if people have had success with trading bots in cryptocurrency.

I doubt about that. Look into this recent real time experience of one of high rank member of this forum here and more importantly this post. The provider had claimed that there was no single losses to them (up to the date I checked them) but honest reviews are saying complete different stories. Bots are not my way of trading. I use few bots for easing my analysis but I do trade on my own.

Quote from: Codex_HTML on December 15, 2019, 08:35:51 PM

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

No wonder about its working conditions but the main concern should be about its versatility. I mean is it capable of getting you profits? In consistent manner? Nowadays devs are claiming making use of AI in their bots which may give us positive things but markets are known highly unpredictable by any mathematical formula.

I guess we cannot completely ignore using bots for our trading as devs may bring revolutionary things with their coding but that may give us profits only in short term because when more number of people will be using same bot, again market may become too complex to predict its directions. This could be the reason why bots are not working good in long term.

pajak666

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Any form of automated trading will be profitable as long as the strategy is winning. There are many tools to do this but as people said here before, they are just tools and you need to know how to use them and execute the plan. There are no downsides to this and statements like 'i dont believe in trading bots' mean only that the person doesn't know how to trade profitably in the first place.

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Quote from: TitanGEL on December 22, 2019, 11:10:11 PM

Quote from: nicolas1979 on December 22, 2019, 09:04:45 PM

I already leave trade using bot or signal, profitable at the first and bankrupt in the end. That's my experience but if someone has good continue profit from bot that's luck and I must say congrats. Become professional trader is my dream and I need skill but using bot will kill my performance, I can't do anything fun again because everything was taken by bot. So far I don't agree with bot and I'm sorry if someone out there can become professional with bot.

I do not use trading bots, there are many issues in using trading bots. My friend also experience to lose money because he use trading bots. Those who hsing trading bots are not fully understand technical analysis. If you know how to use it then you will never need trading bots. I do not trust trading bots and I do not have plan to use it. I just relying my decisions in what I learn from technical analysis.

If you are good with your own understanding and you have your own ways to take your opportunities then you don't need to use anything but the instinct inside you will allow you to take advantage. Keeping things according to your plans makes more realistic to get better outcomes to your trading practices. Keep always in mind that decision should be based according to how you see every edges that you can take.

Topic: Profitability of Trading Bots - page 2. (Read 821 times)