Topic: Trading with bots (Read 687 times)

It was really meant for this purpose but sadly there are those people,specially newbies that do really believe that bots could make out money for them and thats why they do directly make use of these bots without realizing it actual usage. This is why on the moment that they've seen their trading capital has been blown out then they will really be taking up the blame into the bot and telling that it doesnt work or even telling that it is really that shit and useless. On the time or moment that they do able to know things on how trading works then they will really be making out those realizations on thats how trading bot works. Its true on what you have said that it all talks about automation of someones trades and you are the ones will really be tweaking out if ever you do want a bot will be able to execute trades according into your liking or strategies.

You will be able to find out its relevance if you are really that someone whose really that always getting far with your pc on which you can just select on making use of those bots and doing the trading for you but of course everything will really be just that followed basing up into the things that you had set out. You will be able to find out its relevance if you are really that able to make use of it and on the moment that you do able to gain up sufficient experience towards trading then you will be having those realizations in the end and making use of it on how it supposed to be.

It is just a kind of tool so it is natural that it cannot be fully relied on because there still has to be control from our own side as active traders. And sometimes there are also times when it is not really needed if a trader does not often make sales in the near future because they prefer bigger profits. But for bots, I think it is just about a few solutions that can be used and can also not be used because it all depends on the trading pattern that is run by each trader in the market.

As many out there said - bots are no solution who are not good at trading without them.
They are not life savers or changers - they are simply there to accompany you or do something that a human cannot - be in one place all the time monitoring statistics or doing things you told them to.

I do agree that bots are for those who are already acquainted with the market - they are tools, not money-makers and analysts, and should be seen as such.
So bots may be left for the time being, and then - nobody would stop OP to use them as helpers, but not the deciding agents of his strats.

Actually, the use of bots is only to make our trading more automatic, because everything will be done by bots but for the target purchase price and sales are set by traders, so traders must still have skills in trading.
The use of bots will not increase the win rate of traders, and it is also not easy to use bots because there are features that must be learned properly by traders so that the bot will work as it should, but I would prefer manual without forgetting to apply stop loss.

In a simple term, this strategy will doom your account, it's nothing short of gambling and more reason why people claim that trading is gambling. I've seen enough theories about trading where people will use some sets of numbers and assumptions but they do not work. You do not use 4% dump for very few minutes as 10 minutes to always judge what the market will do, the market is not fixed in behaviour but dynamic, so what it did now may or may not be repeated.

Some people don't want to bother studying, but on the other hand they want to be recognized and also want to gain profits in the market. Trading with bots can certainly help, but bots are just tools that should not be 100% reliable for generating consistent profits. I also suggest that they stay away from bots if they are beginners, of course because I also want them to learn independently about trading and do analysis as often as possible.

Trading knowledge and experience will be gained if they trade manually, meanwhile they will also be accustomed and trained in carrying out analysis which will ultimately make them gain more expertise. But still, some traders who have money don't want to bother learning and they tend to want to make it as easy as possible.

Even though you are a beginner, I won’t recommend you trade with bots; it is not advisable, and it's discouraging. Seriously, why won’t you just settle down and learn everything by yourself? so you can be confident in yourself and trade with your own brain. Trading with bots won’t help, and it will make you feel lazy and not get updated on how the market is moving. You will just be claiming a trader, but you won’t know much about what you claim you are. So I think the best thing is you should learn and trade on your own. Leave bots aside. 

You post is old but I think trading with Bitcoin has some restrictions which will not be able to analyze the market fully. I was once using bot to trade and I was making some profits for myself until the market start going bear and I started making loses from my trades. The best way to trade and make good money is by trading and analyzing the market yourself. There are sometimes when using bot can looks very profitable but anything can happen in the market that can attract huge loses for those that are always using bots to trade. I will not support 100% use of not because it is not always profitable in a long run.

Sincerely I really discouraged the used of bots as I know that it's not guaranteed because of some technical issues and one could likely loss entirely while trying to control the bots. As the creator it's good maybe they can control it themselves if there are any issues but for external user who never understand how the boys are being programmed may likely face difficulty while using it to trade, this is why I love self development and personal skills. When you use personal skills and knowledge it would be more beneficial than trying to use a program tools to enhance our trading.

Bots are working but not as peoples wanted because things are surely not perfect which is dilemma and technology is still not reliable for having results which we need in recent time we have too many experiments from different projects about trading and other methods, but it's not giving results as needed so we have to stay calm about this and use own minds and sources which are much reliable and working for years instead of having loses with things like these.

In future surely we will be gone for the better methods and results but many things are still not as we can do with the human minds we all understand few things but not going to accept them because we are now going lazy and want to use more flexible things which are not suitable.

You are right, and nobody prohibits people from trying bots out, however, they, of course, lack in the way they can be controlled by the one with the expertise at his belt.
Sniper bots are good because they have what a normal person doesn't - fast hands. But bots that do all the same as the normal trader does - nah.

Bots nowadays does have that default configuration when it comes various trading strategies on which it could neither work or not and even if you are a noob then you could eventually be able to make use of these bots but the main issue on here is that these noobs do really believe that they can be able to make money with trading bots or simply having those thoughts about money making machine on which it is really that a very bad idea to have. You will really be able to realize things at the moment that you do know on what these bots actually do. You will be finding its relevance at the moment that you have learnt already the trading skill on which you are really that practicing into. Bots will really be that useful if you are a trader whose really that always in transit or in travel on which executing trades will really be that hard. Therefore, you would really be able to find automation will really be that relevant not unless if you are able to trade up with your own mobile phone while you are away on your own PC. Common wrong impressions of most people is that trading bots are really that the ones could make out some good trades but actually it does still need up that traders tweak when it comes to strategies because not all the time trading bots will be effective.
It will really be still needing up that traders intervention or adjustments whenever the market do make out some unexpected events like sudden negative news or whatever it would be. It will really be that important that you should really be having the idea on how to deal and bare up on such situations.

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.

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.

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.

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.

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.

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

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.