Trading with bots - page 3. | Bitcointalksearch.org

Awaklara

hero member

Activity: 1050

Merit: 657

Quote from: monetizator4 on January 13, 2024, 06:05:08 PM

The ideal way in my opinion is
1. Start trading manually.
2. Make sure your strategy is profitable.
3. Write yourself (or order from a specialist) a bot that will automatically trade in accordance with your strategy.

which means that using trading bots will be more appropriate for traders who are already professional. Not novice traders think that without experience and knowledge, they can still benefit from using trading bots.
Am I wrong in interpreting the situation currently happening around us? Newbie traders think using bots in trading will help them to gain profits. without even having any experience in trading. Isn't this the same as novice traders who just follow the trading signals given on the channel?

wxa7115

hero member

Activity: 2702

Merit: 704

Quote from: david678345 on January 12, 2024, 06:34:23 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?

There are no tips that anyone can give you since automating your trading with bots is a two step process, first you need to put down your strategy in writing as precisely as possible, and the second and last step is to then write that strategy into a language your computer can understand.

And neither of those steps is easy, as most traders cannot precisely describe what they will do in every single circumstance, and even less traders have the ability to then write this into a code their computer can execute.

GreatArkansas

legendary

Activity: 2282

Merit: 1344

Buy/Sell crypto at BestChange

Quote from: monetizator4 on January 13, 2024, 06:05:08 PM

The ideal way in my opinion is
1. Start trading manually.
2. Make sure your strategy is profitable.
3. Write yourself (or order from a specialist) a bot that will automatically trade in accordance with your strategy.

Yep, I agree with this.
Some traders also tend to learn how to code so they can start implementing what's on their mind and can save a lot of money by hiring someone to code. And I can agree it is also better to learn on your own so it will be another skill you will learn and later on you can create a bot that what you really prefer and easy to customized or improve.

monetizator4

sr. member

Activity: 546

Merit: 259

The ideal way in my opinion is
1. Start trading manually.
2. Make sure your strategy is profitable.
3. Write yourself (or order from a specialist) a bot that will automatically trade in accordance with your strategy.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: david678345 on January 12, 2024, 06:34:23 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?

Not all but many traders are using bot to trade especially when they are not around.
What you can do is to start learning how to trade properly and once you’re ok with it then you can start looking for a bot that can work well with your strategy and your own timeline. Using Bot is not a sure profit anyway, its just like automating your trading strategy and there’s still risk.

kojektea

sr. member

Activity: 2254

Merit: 256

Vave.com - Crypto Casino

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

logfiles

copper member

Activity: 1960

Merit: 1638

Top Crypto Casino

Quote from: david678345 on January 12, 2024, 06:34:23 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?

Would have been nice if you showed us the charts as well. Is it a pattern?

Obviously, some traders use bots. Others just use stop limit orders. There are very many factors at play, such as the funding fee hours. They lead to drastic changes in price mostly for coins with high negative or positive funding fees.

Quote from: david678345 on January 12, 2024, 06:34:23 PM

Any tips on how I could learn to automate my trading with bots?

Do you know any scripting language such as python or pinescript? or you are looking for an already built bot?

bitgolden

legendary

Activity: 2772

Merit: 1128

Leading Crypto Sports Betting & Casino Platform

Quote from: Pandu Geddon on January 13, 2024, 09:02:50 AM

Quote from: david678345 on January 12, 2024, 06:34:23 PM

Any tips on how I could learn to automate my trading with bots?

Have you ever seen people trading with bots? know how a trader sets up their trading bot?
many would not recommend using bots for trading. I don't know how accurate the planning that is implemented and can be carried out by Bots is.
I was previously interested, but when I received a lot of input from colleagues not to use bots, I finally gave up my intention.

I am one of those people who used bots for years, and I can tell you that it is not going to really work for you in the end, it is just not that possible at all. I know that it is going to end up with something that would be troubled, it doesn't really feel like we could end up with anything that would be all that easy to handle, but we could say that it is going to be a bit of a horrible deal when it comes down to that.

I believe that we are going to have some trouble if we are not careful. The risk you are taking with the trading bots is too huge because you are not controlling them, why would you want to give up that control to a bot? and it will not be that easy, so stay away from bots if you do not know what you are doing.

the rise

sr. member

Activity: 2156

Merit: 273

Vave.com - Crypto Casino

Quote from: Pandu Geddon on January 13, 2024, 09:02:50 AM

Quote from: david678345 on January 12, 2024, 06:34:23 PM

Any tips on how I could learn to automate my trading with bots?

Have you ever seen people trading with bots? know how a trader sets up their trading bot?
many would not recommend using bots for trading. I don't know how accurate the planning that is implemented and can be carried out by Bots is.
I was previously interested, but when I received a lot of input from colleagues not to use bots, I finally gave up my intention.

I've never used a bot at all, I want to use it occasionally but many of my friends don't recommend it, they say it's better to follow the signals, even though as a paid VIP signal member, at least we do it manually. and taking smaller risks and everything in our control, in my opinion it is more comfortable than having to use bots

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: david678345 on January 12, 2024, 06:34:23 PM

Any tips on how I could learn to automate my trading with bots?

Have you ever seen people trading with bots? know how a trader sets up their trading bot?
many would not recommend using bots for trading. I don't know how accurate the planning that is implemented and can be carried out by Bots is.
I was previously interested, but when I received a lot of input from colleagues not to use bots, I finally gave up my intention.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

Quote from: david678345 on January 12, 2024, 06:34:23 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?

I will not recommend you to use any type of trading bot. and since you are also new to trading bots it would be much more risky for you. In case you want to learn about how it works. I will recommend you to watch some videos on YouTube. There are a lot of tutorials there. You will have also a visualization there. You can also choose the tutorial in your local language if you prefer it more than English.

lombok

sr. member

Activity: 826

Merit: 326

Leading Crypto Sports Betting & Casino Platform

Trading using Bots, I know that exchanges such as Binance, Bitget and several other large exchanges also have bot trading features. If you want to use it, we only need to set the bot. There are two types of trading bots on the exchange, namely futures bots and spot bots. Futures bots have a liquidation price, if they are touched by the liquidation price, the money we use in futures bot trading will run out. There are 3 trading directions provided by bots, namely long, short and neutral. OP needs to be careful when setting up trading bots, because trading using bots also has risks.

Oshosondy

legendary

Activity: 1414

Merit: 1118

...gambling responsibly. Do not be addicted.

Quote from: david678345 on January 12, 2024, 06:34:23 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 can not be so sure if the trades are done by bots or not. Many traders that are not using bots are still making use of indicators and drawing lines. Example is a market that has been overbought with its RSI reaching over 90% and the upper band reaching high far more than normal. Good traders will know that people trading the coin will most likely sell soon. That is why you will suddenly noticed that the price of the coin will begin to fall. Later it can get to a point that more buyers will have no confidence and also start selling the coin which may lead to abrupt fall of the coin price. Indicators does matters. Although bots will also likely predict the market to fall after a massive overbought.

jossiel

hero member

Activity: 2842

Merit: 625

Check out bots like gunbot and see how the bot works. We can actually say that many traders, bulk orders have been controlled by bots when you look at the orders as there seem to be in and out with the same numbers going in.

While these bots aren't for free, you can always use the typical feature of exchanges of simply setting the sell/buy orders on your own. Disclaimer: I don't use any of them.

FinePoine0

full member

Activity: 378

Merit: 113

★Bitvest.io★ Play Plinko or Invest!

If you are new then I would never recommend you to start bot trading. Because currently only the new trader is facing the biggest losses.

Binance bot trading is possible If you want to do bot trading then you must see here.

Link: https://bitcointalksearch.org/topic/m.63463933

Assface16678

full member

Activity: 1358

Merit: 134

★Bitvest.io★ Play Plinko or Invest!

Well, I don't recommend the usage of trading bots. I don't know that most trading bots that are being offered in social media or on any platform are all faulty. What I mean is they can't trade efficiently. A trading bot is programmed to trade according to the data they have, and we know the volatility of one currency is unpredictable. That's why I don't think that a trading bot can process all that's happening in the market. I don't know why many beginners in trading would rely on a trading bot. Don't you want to grow and learn how to trade efficiently on your own? Maybe it's just for you to earn, and it's not easy to learn how to trade profitablely, but it's rewarding to spend time and effort to become a good trader and a profitable trader. You can do copy trade for a while if you really need money or profit from their trade and get some tips and ways of doing it.

david678345

jr. member

Activity: 84

Merit: 4

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?

Topic: Trading with bots - page 3. (Read 383 times)