Topic: Trading with bots (Read 546 times)

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

Using bots in trading is quite risky. You should only start trading using bots if you fully understand how they work and how to configure them. Ideally, if you can create your own bot to fully understand how it works.

I don't suggest trading in general be it altcoin, currency pairs,indices should be done with bots.What makes the difference is you understanding what you are doing and focusing more on a profitable strategy rather than searching  for bots that is still made by Human and programmed with there own knowledge.
But still if you wanna use bots,I suggest you buy from legit platforms or the one some profitable traders use.

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.

Your guess is wrong. If you want to succeed in trading, then make a habit of relying on yourself not these bots. Because it was useless to use bots if you don't have a deep knowledge about trading, you end up failing. That is why don't wonder about the results because you are not totally ready for this. Gain more experience and knowledge first before thinking about profit as it will be easy someday if it is all done. And even that we still never assume that we can never lose. We have to understand the unpredictable nature of the market which is why we can't make it perfect even though we are in trading for many years.

Why did you think of trading bot op? Do you have any ideas on crypto trading? Have you been a scalper for a few years in the field we are talking about here? I don't recommend to newbies scalping because it's not easy to get a profit, especially since the timeframe is only 1 minute.

I have never even tried the 1-minute timeframe because I think the only people who can do that are really good traders who get really good earnings like that through futures trading and others. Why are you one of the expert traders in an industry like this?

They're most likely done by bots but you have to understand that there's hundreds of thousands of traders that are daytrading, scalping and just doing a plain old transaction so it's not really that trading is most likely infested by bots but that there's also the fact that there's just too many people doing trading at the same time and that leads to fluctuations that are making it all seem like the market is moving this way or that way and those traders that are causing these fluctuations have different interpretations on the movement which causes them to either sell or buy which again goes back to what I've said.

I have done trading and got success from trading but currently I am in huge loss in trading. I was trading in ORDI coin but the market gives huge dumping, currently I have a lot of loss due to that dumping but I don't know if I can recover this loss. But I'm not afraid because I've learned to be patient I'll be patient I hope I can definitely recover. My ORDI was bought at $72.55 but currently sits at $51.23 due to a bloody market. Anyway I can't answer your question because I have never traded with a bot. But if you are using Binance Exchange for trading, there are some instructions for bot trading from Binance Exchange, you can follow all those instructions, I hope you understand very well.

sorry to have to say this so directly, but it's complete nonsense. With statements like this, newcomers to the trading market are tempted to buy bots for expensive money which then execute predefined strategies and promise the buyers incredible profits. It is obvious that this cannot be the case, otherwise all of us would only have such bots running and would be living on a beautiful desert island.

Rather, bots are a tool used by very experienced traders.

Why?
Bots are used to execute your own strategy automatically (and therefore much faster). No more, no less. However, you need a lot of experience to configure and adapt the bot sensibly and to use it correctly. Newcomers definitely do not have this knowledge.

I agree on what you have said.
Did see some article on what bots are really that something that good and relevant specially when you are just starting up.


Cryptohopper
Gunbot
HaasOnline
Trality
Coinrule
.....
and so on..

https://tokentax.co/blog/best-crypto-trading-bot

For me Gunbot would be the best and you would really be able to choose up on what kind of
bot will really be helpful but of course you would really be needing to know on how to make use of it
just like on what been said above.

Its not that it doesnt give out any benefit but it is really just that on how people do really make use of it, newbies usually be having those kind of assumptions that they could really be able to make themselves
make easy money if using up some bots. This is why it would really be that recommended that you should really that know on what you would gonna do. Bots are something useful when it comes on automating
your trades or something that could really be able to make use specially to those who arent that facing up their computer or PC all day. Its something that useful but dont make yourself that
believing that it could generate money or income for you.

Once you do make use of BOT then you would really be needing to configure it out and this would really be requiring that intermediate knowledge about trading.
If you do lack that knowledge then theres no way that you could really able to make yourself that know on how to make use of it.
Somewhat there are some preset up bots out there on which you could make use of.

Don't use bots, that is the best thing to do as they never give you the benefits you expect instead, they only give you a terrible trading experience.
Better help yourself grow and understand real trading by relying on your capabilities and skills. Many traders have tried using bots and have the same experience you have gotten.

I can't say it was the feature of the bots but also personal experience and inputs are a big factor affecting the performance of the said technology. But if we want to reach our goal and gain success, we have to do it alone by simply trusting ourselves and using effective strategies.

If you are a newcomer, don’t think of trading with a bot. Since you clearly said that you need guidance to learn how to trade with a bot, don’t you think that learning trading automatically, even if you will use a bot, should happen later after you have already learned about trading skills, fundamentals, and technical analysis? Then you start thinking of using a bot, even if you will use it, because even the professionals, I can't advise any of them to use a bot because it is not favoring traders. It makes traders lazy. They don't get any updates in the market because they  have already gotten used to the bot that does anything for them.

Furthermore, even with the knowledge of trading, you still need to learn how to use the trading bot because you need to set it up in a way that it will favour you. However, don’t think that if you are using the bot, you won’t lose because losing in trading is a natural thing that happens to traders regardless of how expert you are in the game. Therefore, you have a lot to do in your journey. Don’t forget to invest the amount you can afford to lose.


Yeah, bots don’t help; they have a set for a specific thing, and once they have done what they were programmed to do, there’s nothing they will do for the trader again; they won’t be able to manage the risk in the market, and a lot more, when someone trades on their own, it will be easier for the trader to do so automatically. So when someone does it on their own, I think it makes more sense and generates profit.

I agree with this, before using it we should understand and know what a bot is, how to use it and what time or conditions are good for maximizing trading bots. Keep in mind that trading bots are not always fun, setting errors before the bot runs will affect trading profits and losses. Therefore, we need to find out what kind of bot settings are suitable for current market conditions. Technical and fundamental analysis is also needed here, to determine a trend which plays a very important role in setting up the bot before running.

Just like in trading, there are also types of trading bots. @lombok provided an explanation about it. Despite of it, all of them must have one function and that is to help us automate our trades. There may be lots of trading bots which are also created by a third part and indeed that we won't just use any of them because some of them might be shady.

It's important to be knowledgeable about these trading bots first, so that we will know if what suits us the most. YouTube may be a good way to learn since it's video-based, but I heard many videos there are misleading. We still have our forum here which can offer a better lesson to those newbies in crypto/trading.

Can a bot of trading be done by a common man? because as far as I am concerned board trading is only done by big companies because they have a lot of budgets and it's in the millions.

Dollars are invested for benefits and another thing is that the bot trading they put up, if they invest millions of dollars in what is The token is too high, i.e., suddenly dip from top, which results in a lot of profit and loss for those who are stuck in the middle.

Everything is fine but there are many types of errors that you can suffer when you do bot trading. I don't recommend bot trading but trade with your skills and experience it will definitely make you wiser. When you do bot trading it will totally depend on others and you will be given profit accordingly, that's why such bot trading is recommended in various social media but people who are wise avoid such mistakes. Although trading in altcoins is risky but when you do bot trading it will give you a certain amount of profit but you will not get good skills from here. If you want to trade with experience and skill then definitely try on your own start with small amount gradually you will become a good trader. If you need a lot of money then you can do copy trading just for profit, but if you plan to do long term trading then definitely do your skills it can bring you success in future.

Trading bots can do the work even while you sleep but remember, for me bot not perfect and easy to make money using it. For trading, I do not recommend 100% control using bots, but the execution decision is still in our hands. But, use bots to view market analysis only, this makes more sense. You can lose money if the market gets too wild. Sometimes they can stop working due to tech problems. Plus, strategies that worked in testing might not work out in real trades. So, always run your bot with small budget and full you control.

I would advise any trader not to use trading bots. Because trading bots are programmed in a specific program. Which I think can't really do market analysis. You can lose your assets at any time with trading bots. So research the market give plenty of time and become a real trader. So that you don't need third party like bot as your partner.

Not to burst the bubble for you, but there could be advantage of using bots. As far as I can remember, there is one bot trading program like 🔥🔥🔥🔥🔥[GUNBOT] Trading Bot with 136 exchanges available!!!🔥🔥🔥🔥🔥.

Of course one big advantage is that you can automate all your trading using bot. But there are learning curve in the beginning, and it might take sometime for you to learn it. And yeah, in my opinion, majority of traders are using whatever bot they have in their arsenal. You might want to revisit the following threads,

• Are trading bots worth using in the cryptocurrency trading?
• Trading bots... do they work?
• Profitability of Trading Bots

What I have to say concerning this and the Mostly trading with a bot application is something that is not advisable from my own perspective because whenever you try do it a boat you may likely not to have the profit that you needed when you are trading with manual so that is the difference but people does not know that both application does not necessary give a profit it is better someone to use a mammal to thread than trading with bot application

Still yet to trade with bots ,Will try and use one of the trading bots on kucoin these year to see whether it will be very profitable or not .I am also going to use the spot trading Grid  cause according to my research it is more profitable and contain less risk than the futures Grid . Will also give my Feedback here after i have used it .

You should really be at least on how bots do work rather than on making up some conclusions on which it isnt really that right on some point on which bots are that really that useful?
You would really be able to see its relevance on the time that you would really be going out or not in front of your PC. It do really just that matters on how knowledgeable you are on making use of those bots.
You could really be able to utilize its main functions and purpose on which it does bring up that huge convenience specially into a trader who arent that always in front of his PC
but of course you would really be needing to adjust accordingly if ever there are sudden market event which could changed up the trend on point.

Yes, we cant really be able to fully rely on it but its not something useless that you are trying out to elaborate on here. It is really just that there are those people who are really that
having those impressions and insights on which because of lacking knowledge it turns out that their reasoning is shit.

The only bot i have used till now is a grid trading bot and i got an amazing result. I have developed a simple strategy to use this grid trading bot to make a profit, which worked well. I have used it only a few times so the strategy is not that battle-tested right now so I don't want to share how i am doing it. There are other useful bots like trailing stop loss and DCA bots that can be very useful if you know how to use these bots correctly. Be a master with one bot and you don't need to watch the market all the day to find a perfect entry.

I would say never trade with bots. You will not receive any accounting of your investment. If you use bots with information from various social media, you will lose your capital. First learn to trade well then trade by yourself. That would be the best.

A single rejection candle, even across multiple coins, could be noise or a shift in momentum. It's crucial to avoid overreacting. I would consider larger timeframe trends and confirmations before trading decisions. I also suggest using the hourly chart along with the 1-minute chart for trading decisions instead of just scalping on that one scale. Of course, scalping itself is pretty risky on principle.
Bot prevalence in altcoins is likely, highlighting the need for an excellent strategy. Automation can be helpful, but thorough research and understanding of different bot types and their limitations are crucial before diving in. Check out reputable resources and consider paper trading first.
I would recommend trying a rebalancing bot. A point to take into consideration is that while bots can do most of the work, I would not recommend leaving it entirely up to the bots. Human supervision is integral especially for the market right now. And if you don’t have the experience, I would recommend investing in funds for you in the market.
Remember, successful scalping relies on discipline, risk management, and avoiding impulsive decisions based on single signals.
If you have any questions you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

Your last statement is the best thing that you needed to do when dealing in this kind of market, find something that fits your attitude from this
business, trading bot may help as it can be setup while you are sleeping and continue doing the trade.

But the catch is you also needed to know and understand how the market may behave in the next hour or day after you setup your bot.

As long as you know what you are doing you may enjoy the service of trading bot, learning how it works may take time you need to keep
doing your research and study to understand it well.

I dont prefer it either. Trading bots can be sketchy and markets are wild. Learning to trade on your own is a journey, takes effort but can be rewarding. Copy trading is an option if you need quick gains and tips from others. Just remember, it's all about finding what works for you

I have had an experience of trading bots, but not actually in the cryptocurrency industry rather in the forex trade. My experience of the trading bot was very horrible and unforgettable. I wish I never knew what trading bots was about, but my personal experience might not actually be the universal experience of what these bots are all about. As a beginner the use of bots in the forex trading had the following effects on me;

• It made me lose a huge amount of money that I could not afford to lose
• It made me develop phobia for trading
• It made me not to understand the basics or fundamentals of trading 
• It somewhat made me to fall out of love with automation 

I see bots as tools to use within a short period of time for a continuous trade that have to be monitored and not necessarily for continuous trading without a human intervention. When you want to stay off the screen for a short period of time just as used stop loss and take profits works.

Dont know on what you do mean on london time or specific time of the day on which we know that there's no way that it could really be affected something like this considering that there's no opening and closing of this market or simply being that 24/7. When speaking about bots then there are tons of tutorials on which you could see on Youtube on different platforms on which you do set up order limits basing up on what are the positions that you do really want for it to execute. Its not really that hard to understand even if you arent that too techy or really not that into technical stuffs on which we know that it isnt really that something that you could really be able to get a grasps on if you are really that serious on learning it. Bot trading is really that convenient i should say but its not recommended for you to make use if you dont really know on how to use it on the first place.

It does really give out that convenience and on point execution of orders basing up on the command that you have set. Not all would really be preferred on using it though but if you are that someone
who isnt really that facing that computer all day long then this tool would really be that best for you to make use. You would really be able to notice for yourself about its relevance
into your trading career or path on which it is something that useful basing up on the condition that you are into.

I would not like to follow bot trading, some of my friends tried in the several top exchanges, but they said it's high risk and they lost in bot trading. Because if bot is implemented by programing code so it will not be work properly in the right time. You should learn trading, now so many ways to learn trade if you search on youtube, so many video tutorials you find.

I do not support trading bots.  It is programmed by certain rules.  It does not understand the volatility of the market. The market situation can change at any time.  I think it can't trade in tune with the market. Trading should be done with your own intelligence.  You will understand the market situation which a programmed bot will not understand.

For me that is not a good way to get profit in trading with trading bot op. Then scalping timeframe is only 1 minute. Why are you a professional trader? because the only people who do scalping methods are those who have a broad understanding of crypto trading.

Have you ever made a profit in scalping with only 1 minute timeframe? and if there is, why don't you at least show an example screenshot here on the topic you made an op? It's still better to do trading in a natural way, that's what you'll always remember.

I would never advise trading using a bot without learning how to trade yourself. Moreover, most of the bots nowadays are flawed. How does a bot work? The bot analyzes the data based on the data they have and then trades based on the expected and unexpected conditions of the currency. Many times you can face huge losses. So I think you gain your own earning power and learn your own trading and then trade.

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?

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.

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.

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.

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.

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

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.

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

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.

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

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 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.

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.

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.

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.

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

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.

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?