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Topic: Profitability of Trading Bots - page 3. (Read 799 times)

sr. member
Activity: 1036
Merit: 281
December 22, 2019, 11:10:11 PM
#32
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.
sr. member
Activity: 826
Merit: 252
December 22, 2019, 09:04:45 PM
#31
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.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
December 19, 2019, 09:32:53 AM
#30
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
It will only works if you set it correctly, take note that BOT still need your analysis. I don’t trade that much and using BOT for me is not that recommended but if a trader is so busy in real life, then using a BOT is very useful. Choose the best BOT where you don’t need to put too much indicators, and you just need to pick the best and the BOT should hit it accurately.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
December 19, 2019, 06:33:52 AM
#29
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
Ofcourse! Bot does work if you do know on what youre doing but if not then dont expect for those tool to work well but dont expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that dont fully get too confident on using it up.Always secure out profits and still have that good fund management.

It still depends in many aspects like what strategies you will set to your trading bot so that while you're not active or busy. Your trading bot will still do what you should do in trading. Bots are made so that if ever you are not active like sleeping, eating, doing office works and etc , your wallet is still working and earning money.

Aspects like what? Strategies? What if it makes an error and doesn't do strategies that you've set up? Will it make you to have losses? Because bots or AI or not that certain, sometimes it does have errors or malfunctions.

But that's not a big problem, just always check your account if it is doing well. Don't forget to monitor it because it can be a reason why you'll lose all your money.

In the other side, bots are good in making transactions without your concern so that while you're doing your work, it's less hassle for you.
hero member
Activity: 1540
Merit: 508
December 19, 2019, 06:01:12 AM
#28
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.
sr. member
Activity: 1050
Merit: 251
December 17, 2019, 06:37:20 AM
#27
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 think it depends on the bot you're using. As time goes on it gets better I guess, and you start making profit. But you need to look for the best trading bots, and there is no guarantee that you will finish the day with profit because you're using bots. I don't have interest in trading bots, I prefer to trade when I have the time and that's because I do get chance after my work.

Trading bots are different, and if you're the type that likes "free" then you should go for open-source bots, but one thing you should know is that open-source might not be profitable. I don't think will build a profitable bot and leave it for free, lol. Instead of making use of these, I will advise you to go for HODL (Long term trading). Even paid bots are not profitable based on what I've read from Reddit, so it's best for you to go long term Hodl. Your choice though.
I do not use trading bots because of the risks, I known many people that are using these tools but they still losing money. I will never let my money traded by an AI. It is still betyer if I'm the one who managing my capital. Even if I'm busy at my full time work, I still manage to trade cryptocurrencies because of the strategies that I keep doing. I do not have plan to use trading bots because my money is not safe there and I cannot guarantee the gains there.

Using bots for trading has no certain results in terms of profit, because it was only an artificial intelligent coming from a robot computer. In my own thinking, that's only break even due to uncertainty about of the profit which cannot be relied on most of the time. What's more important is you've learned a lot from your own efforts to gain sustainable profit.
legendary
Activity: 2982
Merit: 1028
December 17, 2019, 06:06:38 AM
#26
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
Ofcourse! Bot does work if you do know on what you're doing but if not then don't expect for those tool to work well but don't expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that don't fully get too confident on using it up.Always secure out profits and still have that good fund management.

It still depends in many aspects like what strategies you will set to your trading bot so that while you're not active or busy. Your trading bot will still do what you should do in trading. Bots are made so that if ever you are not active like sleeping, eating, doing office works and etc , your wallet is still working and earning money.

Your bot relies from how you will set the settings of your positions. Many traders use the service in different forms. The good catch from
using this bot is the emotions that you can set aside as the bot will works after you put each settings inside the system.

It indeed can secure the profits if you will allow your knowledge to take over and let the bot do the rest.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
December 17, 2019, 01:03:43 AM
#25
I have used bots for years and I can tell you that none of them are profitable. Anyone who says their bot that they use is profitable is making up bs or they are using it on a very very right moment. No bot in the history of the world has ever managed to make people money for long term, either it makes money and then loses or it loses money then makes it but there is no bot that keeps on profiting after profiting.

Think about it this way, if there was a software that allowed you to keep profiting all the time and never lost money or at least on average was profitable for the long term, don't you think millions of people on this earth would want that? Who would say no to a software that makes profits for you while you sleep? That is why never trust a salesman.
sr. member
Activity: 1456
Merit: 359
December 16, 2019, 11:13:34 PM
#24
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 think it depends on the bot you're using. As time goes on it gets better I guess, and you start making profit. But you need to look for the best trading bots, and there is no guarantee that you will finish the day with profit because you're using bots. I don't have interest in trading bots, I prefer to trade when I have the time and that's because I do get chance after my work.

Trading bots are different, and if you're the type that likes "free" then you should go for open-source bots, but one thing you should know is that open-source might not be profitable. I don't think will build a profitable bot and leave it for free, lol. Instead of making use of these, I will advise you to go for HODL (Long term trading). Even paid bots are not profitable based on what I've read from Reddit, so it's best for you to go long term Hodl. Your choice though.
I do not use trading bots because of the risks, I known many people that are using these tools but they still losing money. I will never let my money traded by an AI. It is still betyer if I'm the one who managing my capital. Even if I'm busy at my full time work, I still manage to trade cryptocurrencies because of the strategies that I keep doing. I do not have plan to use trading bots because my money is not safe there and I cannot guarantee the gains there.
hero member
Activity: 2534
Merit: 586
December 16, 2019, 10:34:25 PM
#23
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 think it depends on the bot you're using. As time goes on it gets better I guess, and you start making profit. But you need to look for the best trading bots, and there is no guarantee that you will finish the day with profit because you're using bots. I don't have interest in trading bots, I prefer to trade when I have the time and that's because I do get chance after my work.

Trading bots are different, and if you're the type that likes "free" then you should go for open-source bots, but one thing you should know is that open-source might not be profitable. I don't think will build a profitable bot and leave it for free, lol. Instead of making use of these, I will advise you to go for HODL (Long term trading). Even paid bots are not profitable based on what I've read from Reddit, so it's best for you to go long term Hodl. Your choice though.
jr. member
Activity: 110
Merit: 1
tradingbot.info
December 16, 2019, 04:22:01 PM
#22
I am testing Bitsgap bot with 0.4 BTC invested. You can check one of my latest reports regarding its performance in my blog: https://tradingbot.info/results/bitsgap/another-report-of-my-experience-with-automated-trading-bots/

From my 5-month experience, I can say that trading bots can actually bring profit, but you also need to invest your time to monitor and adjust them.
If you are looking for a way to get money doing nothing, then automated trading is not the case. This is a tool, and you need to know how to use this tool right.
sr. member
Activity: 602
Merit: 252
December 16, 2019, 02:11:10 PM
#21
I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

Well, what else did you expect the outcome to be? Only takes a couple of hours or days to figure out the configurations and what pairs to flip but the end result over is almost always steady profit. The only possible drawback here could be if the market goes bleeding red and you're not around to shut down the bot, might take a few weeks to the stability point again.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
December 16, 2019, 01:34:35 PM
#20
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
Ofcourse! Bot does work if you do know on what youre doing but if not then dont expect for those tool to work well but dont expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that dont fully get too confident on using it up.Always secure out profits and still have that good fund management.

It still depends in many aspects like what strategies you will set to your trading bot so that while you're not active or busy. Your trading bot will still do what you should do in trading. Bots are made so that if ever you are not active like sleeping, eating, doing office works and etc , your wallet is still working and earning money.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
December 16, 2019, 11:51:57 AM
#19
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.
hero member
Activity: 2968
Merit: 687
December 16, 2019, 11:20:26 AM
#18
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
Ofcourse! Bot does work if you do know on what youre doing but if not then dont expect for those tool to work well but dont expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that dont fully get too confident on using it up.Always secure out profits and still have that good fund management.
legendary
Activity: 2604
Merit: 1251
December 16, 2019, 11:14:20 AM
#17
I have a group who someone using a bot, they said the bots was provided by AI and other stuff.

But actualy, a few trade they only have profit 1-2% after that they losed more than 10-50% from their asset and still need to pay a fee service from the bot.

Imagine, you lose the trade + you need to pay the service LOL~
hero member
Activity: 1750
Merit: 589
December 16, 2019, 10:45:15 AM
#16
one thing that people usually forget about trading bots is that they can not preform magic.
This. Bots don't bring profit. Bots don't bring strategies. Bots don't bring the future. Bots are just.. well bots. They do functions that you tell them to do and that is that. Comparing that to a live human being trader, bots would lose 10/10 no matter what. Imagine what Bots can do right now in our current state of tech. They only do automated movements or actions that the user has set them to do. Take note of the word "set". They heavily rely on you, the user/trader, for decisions to do and like.

Sure OP, its working, and that's nice. But that's it. Unless your bot could actually learn AI, it isn't much different from the bots out there, and wouldn't provide much help in regards to trading. Sadly enough.
legendary
Activity: 3472
Merit: 10611
December 16, 2019, 05:43:46 AM
#15
one thing that people usually forget about trading bots is that they can not preform magic. for example in the altcoin market that is purely manipulation a human with maximum level of expertise can not make consistent profit as the manipulators would do sudden dumps of shitcoins that will crush traders. best case scenario for a bot here is a faster reaction compared to the human but still loses money and worst case scenario is a bug that leads to bigger losses.
in the end i believe that trading bots in altcoin market can only be used for a small number of very specific strategies otherwise the rest of the strategies specially those depending on analysis of the market won't work well.
full member
Activity: 812
Merit: 104
🎄 Allah is The Best Planner 🥀
December 16, 2019, 05:27:55 AM
#14
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

Trading Bot handle you easily? you can set trading bot when you advance trader bot normally made for multiple advance trader not new traders. If you miss the instructions you will lose Again, you will benefit if the instruction is correct So you have to keep an eye on it.
legendary
Activity: 1106
Merit: 1000
December 16, 2019, 05:17:12 AM
#13
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.
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