Trading with bots | Bitcointalksearch.org

Huliya

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Quote from: EarnOnVictor on November 06, 2024, 06:51:24 AM

Quote from: david678345 on January 12, 2024, 05:34:23 PM

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

You are asking too many questions as if you ask one. Let me simplify it for you. 1-minute chart is a very sensitive chart, so it takes a sensitive person who also has the time and energy for it to trade it, I don't trade it. To simply the trading, one may build or connect a bot to help, but the needed strategy must already be coded in this bot. You can see that it's not all 1-minute trading strategies are traded by bots, it can be manually done.

Also, altcoins can be traded manually and with bots just as Bitcoin can be traded that way. And if you want to automate your trading with bots, you can look for them online, you may find the free or paid ones, but if you are good at coding, you can learn the strategy and the programming language of the platform you are using to build your bot the way you want it.

I think it's important to know the trading algorithm to trade, but that's why you shouldn't trade directly using bots. If it was possible to do all kinds of trading using a bot, then I think even small children would think of themselves as big traders by using bots.

EarnOnVictor

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Quote from: david678345 on January 12, 2024, 05:34:23 PM

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

You are asking too many questions as if you ask one. Let me simplify it for you. 1-minute chart is a very sensitive chart, so it takes a sensitive person who also has the time and energy for it to trade it, I don't trade it. To simply the trading, one may build or connect a bot to help, but the needed strategy must already be coded in this bot. You can see that it's not all 1-minute trading strategies are traded by bots, it can be manually done.

Also, altcoins can be traded manually and with bots just as Bitcoin can be traded that way. And if you want to automate your trading with bots, you can look for them online, you may find the free or paid ones, but if you are good at coding, you can learn the strategy and the programming language of the platform you are using to build your bot the way you want it.

$weetne$$

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Quote from: mirakal on November 02, 2024, 07:52:46 AM

We've talked about this a lot, but despite claims that some traders make money using bots, it’s hard to fully trust these systems. That’s why I still believe it’s best not to rely on them as a solid strategy over making decisions ourselves. Personally, I think we’ll see better results by making our own calls, reacting to what’s actually happening in real-time. Plus, this approach gives us a chance to build our own skills and abilities—after all, experience is the best teacher. If we dig a little deeper, we can ask ourselves: why aren’t these developers using their own bots if they insist they work? They likely know there’s no guarantee, and they can’t offer users any real assurance.

The only time I can use a bot is when I want to time the market perfectly by entering the market of a new token before anyone does or be among the first set of people to buy so I can sell when the token begin to rise and give me profits between few minutes. I do not depend on bot to analyze the market for me or trade without my instructions. The bot can not be better than me in analyzing the market because they do not have the experience that I do and their analysis can not be 100% correct without some mistakes. I have not seen any trader that depends on a bot that is a professional trader making money. All those that I have seen, did it with their own hands and are still doing it. Depending on bot is just like depending on signals from others and that is not good.

Alone055

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Quote from: mirakal on November 02, 2024, 07:52:46 AM

We've talked about this a lot, but despite claims that some traders make money using bots, it’s hard to fully trust these systems. That’s why I still believe it’s best not to rely on them as a solid strategy over making decisions ourselves. Personally, I think we’ll see better results by making our own calls, reacting to what’s actually happening in real-time. Plus, this approach gives us a chance to build our own skills and abilities—after all, experience is the best teacher. If we dig a little deeper, we can ask ourselves: why aren’t these developers using their own bots if they insist they work? They likely know there’s no guarantee, and they can’t offer users any real assurance.

We need to understand that these bots are not tools for guaranteed profit, but they are tools used to automate the process. They are used by people who don't have enough time to do the trades themselves or keep a close eye on the market so that they can make their trades manually as soon as they see a favorable move. If we think that bots can maximize our profits by using their own strategies then we are wrong because these bots operate based on what strategies we set.

For someone to use trading bots efficiently and profit from them, he needs to know everything about trading himself, like how the market moves, how to read candles and use indicators to find trading windows and opportunities, and how to use strategies that they have tested and know would work based on the current market conditions.

So whether a bot can earn us profit or not depends on how much knowledge "we" have about the market and not how good or bad a bot is because it works on algorithms and uses strategies you feed in it.

RockBell

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Quote from: kojektea on January 13, 2024, 04:55:43 PM

There are many problems trading with BOTs. We see a lot of comments about bot problems and high risks. I agree with people who say why use bots when we can do it manually? at least we have action in trading and can reduce the level of losses, whatever we do is better all within reach than handing it over to a third party

You should know that anything bot is somthing that acts on command so how can anyone even confine in such things if anyone is lazy to do trading why not just let it doing everything yourself you can not always make money from the market even with the whole bot set up because it's not as if the bot can predict the future so of what relevance is now the bot, it's only when it can see the future that is the time only it's relevant to me, anything I do I do for my self.

People are getting lazy and that is what is causing all this in fact in some exchanges have come across it but I don't even give concern for using a bot. We know that we are in a modern era but some things are better done manually instead of leaving your money in the hands of a bot that is actually very risky, when it comes to finance I do my things my self.

Have seen a lot of comments to but I would actually love to see or even try it out, instead of just acting without experience so we need, to make proper inquiries before just giving into, and that is why research is very important.

Z_MBFM

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Quote from: sarmrakib on October 28, 2024, 08:02:00 AM

Quote from: Ararbermas on October 28, 2024, 05:11:36 AM

Quote from: ?? on ??

Trading with bots can be a game changer, but it’s a bit of a double-edged sword. On the one hand, they can help you take advantage of market movements while you kick back and relax. It’s like having a little helper who never sleeps!

but it requires a big capital so that the return is good as well. My question is it really safe to trust bot, especially the team behind? . because to be honest with you i have bad experience for a couple of days now, wherein the platform the I'm using is now freezing our capital and implemented a new rules in order for us to continue using their service. Which is smells like they turn into scammed after all. So if i were you mate be careful as well.

Trading is a tough way of earning. Though its a good chance to earn from trading but also its tough. Trading by bot is not a good way of earning. You may gain a good amount for short term. I have never seen any bot which can give return consistently. However we can use exchange bot which we can set up by our own choice. The set up only trade on your behalf rapidly which you do manually it can be done automatically. It is also not good to depend on third party where we have many chance to loose our money by scammer. So it is better to learn trading and do trade manually It will help us to safely trade on the market.

The amount of loss can be reduced through bot but not large profit can be made. Because whatever commands you give to the bot it will act according to those commands. bot can't take any decision like human it is completely depends on programming that's why bot has to set a comment manually and also in this case you must know how to do market analysis then only you can set command well there. But I think it is better to trade manually without using bot, it can make big profit sometimes

mirakal

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We've talked about this a lot, but despite claims that some traders make money using bots, it’s hard to fully trust these systems. That’s why I still believe it’s best not to rely on them as a solid strategy over making decisions ourselves. Personally, I think we’ll see better results by making our own calls, reacting to what’s actually happening in real-time. Plus, this approach gives us a chance to build our own skills and abilities—after all, experience is the best teacher. If we dig a little deeper, we can ask ourselves: why aren’t these developers using their own bots if they insist they work? They likely know there’s no guarantee, and they can’t offer users any real assurance.

?

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Now I'm testing new strategy. After price dumps for 4% in 10 minutes I open hedge position (long and short) with similiar TP and SL order. Tp is 1.5%, SL is 1%. My view is that after big movement coin will move further

JeffBrad12

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Quote from: beerlover on October 30, 2024, 04:29:20 PM

Quote from: ?? on ??

Trading with bots can be a game changer, but it’s a bit of a double-edged sword. On the one hand, they can help you take advantage of market movements while you kick back and relax. It’s like having a little helper who never sleeps!

As someone who traded with bots, if someone tells you that you are profiting with it 100% without a doubt, then the yare lying, leaving that aside, providing a live example is the key result. If a bot seller has a live example going for it, then you can watch it and how it works, just upload it to some website they make ,and you watch t move and how it's installed and how it's working and how much it's profiting or losing.

That way you can just keep track of how it's doing and if you can make some profit from it then you could even just trade what the bot trades and profit and make the sale for free. Otherwise, if the entire business model depends on "this bot is good, trust me" then I am sorry but why would I pay anyone based on that.

this.

to prove trading bot is effective, the maker can easily just give history of trades, we aren't lacking any platform that give such data, the bot maker could also easily set up copy trade account so that people can observe how effective the trade is, but truth is, majority don't do that, because they know that trading bot can help simplify trade and increase the odd but not a guarantee whatsoever that the user will make endless money from it.

if it's that good, the bot maker will use the bot for himself and make billion, but they didn't because they know the bot can be wrong too.
when using bot, just consider it like using a tool, bots can't magically print infinite money.

beerlover

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Quote from: ?? on ??

Trading with bots can be a game changer, but it’s a bit of a double-edged sword. On the one hand, they can help you take advantage of market movements while you kick back and relax. It’s like having a little helper who never sleeps!

As someone who traded with bots, if someone tells you that you are profiting with it 100% without a doubt, then the yare lying, leaving that aside, providing a live example is the key result. If a bot seller has a live example going for it, then you can watch it and how it works, just upload it to some website they make ,and you watch t move and how it's installed and how it's working and how much it's profiting or losing.

That way you can just keep track of how it's doing and if you can make some profit from it then you could even just trade what the bot trades and profit and make the sale for free. Otherwise, if the entire business model depends on "this bot is good, trust me" then I am sorry but why would I pay anyone based on that.

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I developed a Python algorithmic trading bot that works on Telegram. It allows users to trade on both the main network and the test network (like testnet.bybit.com). The bot includes indicators such as price changes, volume, open interest, and liquidations, enabling users to set up alerts and open positions based on these signals. Bot is free to use, and users can also access 75,000 USDT daily on Bybit’s testnet.

However, I’m still searching for a fully functional strategy that remains successful under various market conditions. You could also try it and write your experience here @simplelogicbot.

sarmrakib

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Quote from: Ararbermas on October 28, 2024, 05:11:36 AM

Quote from: ?? on ??

Trading with bots can be a game changer, but it’s a bit of a double-edged sword. On the one hand, they can help you take advantage of market movements while you kick back and relax. It’s like having a little helper who never sleeps!

but it requires a big capital so that the return is good as well. My question is it really safe to trust bot, especially the team behind? . because to be honest with you i have bad experience for a couple of days now, wherein the platform the I'm using is now freezing our capital and implemented a new rules in order for us to continue using their service. Which is smells like they turn into scammed after all. So if i were you mate be careful as well.

Trading is a tough way of earning. Though its a good chance to earn from trading but also its tough. Trading by bot is not a good way of earning. You may gain a good amount for short term. I have never seen any bot which can give return consistently. However we can use exchange bot which we can set up by our own choice. The set up only trade on your behalf rapidly which you do manually it can be done automatically. It is also not good to depend on third party where we have many chance to loose our money by scammer. So it is better to learn trading and do trade manually It will help us to safely trade on the market.

Ararbermas

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Quote from: ?? on ??

Trading with bots can be a game changer, but it’s a bit of a double-edged sword. On the one hand, they can help you take advantage of market movements while you kick back and relax. It’s like having a little helper who never sleeps!

but it requires a big capital so that the return is good as well. My question is it really safe to trust bot, especially the team behind? . because to be honest with you i have bad experience for a couple of days now, wherein the platform the I'm using is now freezing our capital and implemented a new rules in order for us to continue using their service. Which is smells like they turn into scammed after all. So if i were you mate be careful as well.

Out of mind

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This is not a good idea if you are using a trading bot. Bot trading is about relying on others to trade, from which you won't be able to learn much as you will mostly be out of practice knowledge. And when you depend on these bots for trading, you will not be able to start trading on your own later on, it can become a bad habit. Moreover, it is definitely best if you trade your knowledge, and you can reach good level anytime. And if you are very interested in bot trading, then definitely check out various social media and watch many videos, although profit in bot trading can be risky.

el kaka22

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There are way too many people who support certain bots, but also there are many of them who are resellers as well, so it is really not clear if they are saying it because they like it, or they are saying it because they got good results from it.

I personally used a few, I am not going to name all of them because then I would get hate and I do not want to get into arguments with all of them now, but I can tell you that there has been some that existed long before last cycle, like during 2017 as well, and they had bunch of errors and issues and they made people lose a lot of money as well. They might be better now, haven't used one in a long time, but I can tell you, 5 years ago, they all sucked and they were terrible.

Z_MBFM

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Quote from: david678345 on January 12, 2024, 05:34:23 PM

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

A bot is based on a command so it can never be like a human. Market conditions change constantly so the strategy to deal with such market changes is not always the same and the same strategy does not always work successfully. But a bot is built based on only one strategy and that bot works only on that strategy. So the bot can never guarantee you profit and it can never satisfy you and suddenly it will cause you big loss at some point. Because of this I would never advise you to trade using a bot. Do the trading based on your own research and start trading with as much capital as you can afford to lose.

crwth

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There are a lot of ways to automate your trading but it should be important that you know the history and the reputation of the bot. I would recommend Gunbot , I am affiliated with it and it might sound biased but I do have a lot of experience with using it ever since 2017, and the steps in making it work have become a lot easier with the GUI and steps in doing it.

You can see my new progress in a post here
https://bitcointalksearch.org/topic/m.63497515

It would really depend on what strategy you are going to use, just make sure that you have the right setup with it. If you need anything, I can help if you want.

Cryptoababe

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Quote from: Iamcrypticguy on February 12, 2024, 11:02:26 AM

In my opinion, trading with bots is good, but I suggest learning the basics/fundamentals of trading first so that you understand how to set your parameters. After that, you may proceed to bot trading. Someone mentioned Binance bots, which I found a bit challenging to comprehend. I did more research before trying out variations from Bitget (future signal bot, smart portfolio, spot grid). It was easy to understand, like riding a bicycle. This isn't financial advice, just my experience. Ahah.

Yeah, it's better to learn from the basics and go step by step. It's also better to start with a small amount of real money. With these steps, you will continue educating yourself. Although I look at bots as advanced tools, but seems the one you stated will be easier to understand

stomachgrowls

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Quote from: TheVeteranAngel on February 13, 2024, 06:23:49 AM

Quote from: Iamcrypticguy on February 12, 2024, 11:02:26 AM

Quote from: david678345 on January 12, 2024, 05:34:23 PM

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

In my opinion, trading with bots is good, but I suggest learning the basics/fundamentals of trading first so that you understand how to set your parameters. After that, you may proceed to bot trading. Someone mentioned Binance bots, which I found a bit challenging to comprehend. I did more research before trying out variations from Bitget (future signal bot, smart portfolio, spot grid). It was easy to understand, like riding a bicycle. This isn't financial advice, just my experience. Ahah.

Well said mate. I have same feeling coz bot is as good as the person that set it up. Although I haven't used it before, I have heard some people saying it's quite profitable to use especially in a very volatile market just like what we are experiencing at the moment. If it's not that reliable, I don't think it will be available on most of the top CEXs.

For example; GRID BOT

This is usually common on Binance and OKX on which its a feature on which you could really make use on a ranging market for example on which you would be able to set up grids on when to sell and when to buy out.
I could say that it is indeed profitable but of course it would really be just that depending on how well you do make yourself that knowledgeable on what you are doing. People do usually have those common
impressions with those preset-up bots which it is really that indeed good on making use of it, but how you would be able to know if its the right time on making use of it? For sure it would really be that depending on how
knowledgeable you are with trading.

Trading bot is useful just like on what others been saying if you do really just know on how to make use of it, but if not then it would really be pretty darn useless and this is something
that you should really be trying out to study if you are really that serious on learning it.

TheVeteranAngel

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Quote from: Iamcrypticguy on February 12, 2024, 11:02:26 AM

Quote from: david678345 on January 12, 2024, 05:34:23 PM

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

In my opinion, trading with bots is good, but I suggest learning the basics/fundamentals of trading first so that you understand how to set your parameters. After that, you may proceed to bot trading. Someone mentioned Binance bots, which I found a bit challenging to comprehend. I did more research before trying out variations from Bitget (future signal bot, smart portfolio, spot grid). It was easy to understand, like riding a bicycle. This isn't financial advice, just my experience. Ahah.

Well said mate. I have same feeling coz bot is as good as the person that set it up. Although I haven't used it before, I have heard some people saying it's quite profitable to use especially in a very volatile market just like what we are experiencing at the moment. If it's not that reliable, I don't think it will be available on most of the top CEXs.

Topic: Trading with bots (Read 546 times)