I use a buy sell bot into tradingview.Is enough for trading?any special method to prevent loss in crypto market?
Trading bots are made for people who doesn't know how to trade. But I believe that it works best to people really know how to trade but doesn't have enough time. If you're just relying your trade in bot, in the long run your funds might get liquidated. It's because the market will not always do the way it did before, sometimes the market are difficult to understand so that if you let your bot running in this situation it will just risk your capital. That's why for me, it's best to have knowledge in trading if you want to use bot. 
Topic: Trading bot on tradingview - page 2. (Read 268 times)
Plus if OP expects that he'll get a profitable script to run a bot, he'll obviously be very VERY disappointed. I'm confident that the scripts being sold or shared around in the internet are NOT profitable. Because why would anyone sell or share his/her Golden Goose? Sharing his/her own trading strategy would open it to a counterstrategy that would make it stop being profitable.
The market is also dynamic from cycle to cycle. A currently profitable strategy might not be profitable during another phase of the cycle. But as Bitcoin investors, how do we formulate a counterstrategy for that? Simple, just HODL.
The market is also dynamic from cycle to cycle. A currently profitable strategy might not be profitable during another phase of the cycle. But as Bitcoin investors, how do we formulate a counterstrategy for that? Simple, just HODL.
That's good, basic logic. Someone would not give away their money-making machine for free and without any deductions.
They must have given a bot script that has been modified so that it is not more powerful than the original, let alone a free bot.
There are many cases of bot users who end up complaining about the performance of the bot used, even though it is paid,
and see how the bot will work if the market is not good, is in a critical period.
HODL is the best way to be able to make big profits in the long run with minimal risk without the need to pay attention to the constantly changing charts.
It is not wrong to use trading bots, what is wrong is when they are trusted completely without having any limitations, or warning signs of basic knowledge.
Even new investors with fresh money enter using bots, and it will be a delicious meal for the hungry market.
Plus it's the same with paid trading courses, trading books, and paid trading groups. Why would a truly profitable trader teach anyone how to be better at trading? If everyone become a better trader, then that would mean lesser profit for the winning traders because for every loser, there's a winner. Less losers = less winners.
Although, there are good books about trading, such as "The Market Wizards" books and other classic trading books like "Reminiscences of a Stock Operator".
Basing your question OP, it looks like you don't have much knowledge about trading. I suggest you thoroughly learn how to trade before you think about even using trading bots. The idea of trading bots is to automate your trading strategy
In trading, expect losses at any point. If you fear losses, do not trade at all, then because trading is all about taking risk and managing the risk.
In trading, expect losses at any point. If you fear losses, do not trade at all, then because trading is all about taking risk and managing the risk.
Using a trading bot does not mean avoiding losses. bots are useful for you in carrying out trading actions. they help you look for signals on a basic basis (not that it's one hundred percent accurate). then they trade as best as they can as robots. It is still possible that losses will occur. some robots even have to provide a stop loss feature otherwise they will lose more.
Plus if OP expects that he'll get a profitable script to run a bot, he'll obviously be very VERY disappointed. I'm confident that the scripts being sold or shared around in the internet are NOT profitable. Because why would anyone sell or share his/her Golden Goose? Sharing his/her own trading strategy would open it to a counterstrategy that would make it stop being profitable.
The market is also dynamic from cycle to cycle. A currently profitable strategy might not be profitable during another phase of the cycle. But as Bitcoin investors, how do we formulate a counterstrategy for that? Simple, just HODL.
That's good, basic logic. Someone would not give away their money-making machine for free and without any deductions. The market is also dynamic from cycle to cycle. A currently profitable strategy might not be profitable during another phase of the cycle. But as Bitcoin investors, how do we formulate a counterstrategy for that? Simple, just HODL.
They must have given a bot script that has been modified so that it is not more powerful than the original, let alone a free bot.
There are many cases of bot users who end up complaining about the performance of the bot used, even though it is paid,
and see how the bot will work if the market is not good, is in a critical period.
HODL is the best way to be able to make big profits in the long run with minimal risk without the need to pay attention to the constantly changing charts.
It is not wrong to use trading bots, what is wrong is when they are trusted completely without having any limitations, or warning signs of basic knowledge.
Even new investors with fresh money enter using bots, and it will be a delicious meal for the hungry market.
Using a bot doesn't guaranteed your asset is secured or doesn't mean you won't lose your trade, at the main time it will help to control your stop lose but it doesn't guaranteed that your asset is secure why because the bot may malfunction and trade against your choice causing a serious damage to your account which you can't bear. Normally anyone who is venturing into trading newly are not encouraged to start using bots rather should developed themselves on how to trade by their selves rather than exploring bots to their trading account. Sometimes it's very risky and if you actually fund heavily and its malfunction then be rest assured that your equity could get drained by the bot whenever there seems to be technical issues.
I use a buy sell bot into tradingview.Is enough for trading?any special method to prevent loss in crypto market?
I came in with the same assumptions as the others. Before people do something, they usually understand because they have knowledge about the types of tools used, including bots, in trading. IMO, you just say that you are already using bots and ask the community is it enough?This will confuse the community.
Trading using bots and trading manually, there will be profits and losses. The most important thing is the method and strategy in trading to minimize trading risks.
Using bots cannot guarantee that you will always be on the lucky side in trading.
I use a buy sell bot into tradingview.Is enough for trading?any special method to prevent loss in crypto market?
You didn't explain in details the kind of bot you used for your trading, even though you trade manually their is every tendency that you will lose, because in trading two things are involved in trading, either you lose or you gain, some people like you prefer using bot applications for trading in which the bot applications can disappoint you at any given point in time, so therefore their is no assurance from my perspective that with bot you can prevent lose in trading but you will have a limitations of lose and also have a limitations of getting profit when you use bot applications to trade but in the aspect of you getting prevented not to lose that means everyone who is into trading wouldn't have be using manual to trade since bot can prevent losing in trading. My advice for you is that you have to ensure you understand or comprehend the rudiments of Trading manually and also bot before venturing into Trading with large amounts of money. do you fully understand trading?
If you are using bots without understanding the true science of trading then don't do it, you will not grow you need basic knowledge.
Besides, trading bots today cannot be fully trusted, especially if you use free trading bots.
Try to list what bots you want to use.
There is really no specific method, you just need to understand how the bot works and what you need to know to trade.
I saw some trading bots on Tradingview
https://tradingview.com/scripts/tradingbot/
If you are using bots without understanding the true science of trading then don't do it, you will not grow you need basic knowledge.
Besides, trading bots today cannot be fully trusted, especially if you use free trading bots.
Try to list what bots you want to use.
There is really no specific method, you just need to understand how the bot works and what you need to know to trade.
I saw some trading bots on Tradingview
https://tradingview.com/scripts/tradingbot/
Plus if OP expects that he'll get a profitable script to run a bot, he'll obviously be very VERY disappointed. I'm confident that the scripts being sold or shared around in the internet are NOT profitable. Because why would anyone sell or share his/her Golden Goose? Sharing his/her own trading strategy would open it to a counterstrategy that would make it stop being profitable.
The market is also dynamic from cycle to cycle. A currently profitable strategy might not be profitable during another phase of the cycle. But as Bitcoin investors, how do we formulate a counterstrategy for that? Simple, just HODL.
I use a buy sell bot into tradingview.Is enough for trading?any special method to prevent loss in crypto market?
First and foremost, it is a given that you will not lose money when trading. Second, your assertions are insufficient to address your question at hand. You omitted to describe the type of trading bot; perhaps it is an AI bot. Do you simply let the trading bot do what you do because you are too lazy to trade yourself?
I believe it would be better if you simply used the funds you bought for the trading bot for the copy trading that is offered in Mexc, Bitget, and other places if you feel physically sluggish while trading here in cryptocurrency or Bitcoin.
I use a buy sell bot into tradingview.Is enough for trading?any special method to prevent loss in crypto market?
Well yes depends on how you use it. There's a MA bot on Tradingview telling you to buy or sell on any specific level. Most use it alone, some add something to it like Volume divergence or RSI overbought and oversold.
The main thing is, it's not a matter of which one does work for the other traders. What works for me might not work for others. I might have a working strategy but you won't follow it because it doesn't fit your idea of trading. It is about what works for your own niche and interest.
You will only know it does work for you when you have a data. So it's also about hardwork and efficiency of work. That's also how you will build confidence in trading.
do you fully understand trading?
If you are using bots without understanding the true science of trading then don't do it, you will not grow you need basic knowledge.
Besides, trading bots today cannot be fully trusted, especially if you use free trading bots.
Try to list what bots you want to use.
There is really no specific method, you just need to understand how the bot works and what you need to know to trade.
I saw some trading bots on Tradingview
https://tradingview.com/scripts/tradingbot/
If you are using bots without understanding the true science of trading then don't do it, you will not grow you need basic knowledge.
Besides, trading bots today cannot be fully trusted, especially if you use free trading bots.
Try to list what bots you want to use.
There is really no specific method, you just need to understand how the bot works and what you need to know to trade.
I saw some trading bots on Tradingview
https://tradingview.com/scripts/tradingbot/
Your post sounds like:
I started a restaurant in California.Is enough for business?any special method to prevent loss in business?
We can't give any answers because:
1. We don't know what bot you're using
2. We don't know what indicators/strategies you're using
3. We don't know what pairs you're actually trading
I started a restaurant in California.Is enough for business?any special method to prevent loss in business?
We can't give any answers because:
1. We don't know what bot you're using
2. We don't know what indicators/strategies you're using
3. We don't know what pairs you're actually trading
I use a buy sell bot into tradingview.Is enough for trading?any special method to prevent loss in crypto market?
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