Topic: want trade by bot what do you think are you with bots or not (Read 833 times)
If you trade with the help of a trading bot, then I am sure that it is almost impossible to become a professional in this type of activity. In order to gain experience and become a professional trader, you need to do all the work yourself, including analysis in the cryptocurrency market.
if my advice is to trade better with myself because it will make satisfaction from trading using bots, the problem is that I have experienced it yesterday I lost quite a lot using bots for my trading tools
So are you blaming the bot to make you lose? You are the kind of person who shouldn't use any trading tools, let me ask you, when you want to trade using bot, who was setting the trade? It was you, aren't you? You should be able to set stop lose, cut loss or even stop profit from your bot, so it was your own fault, not the bot. 
if my advice is to trade better with myself because it will make satisfaction from trading using bots, the problem is that I have experienced it yesterday I lost quite a lot using bots for my trading tools
I think a trading bot is not a good idea because it only works well in a few situations. Moreover it is risky because there might be malware that can steal your account.
as far as I know bot users have suffered a big loss at the end of trading, this might be as you explained that bots work only in certain situations, this makes sense because bots are made by humans based on indicators, while sometimes indicators are not always right in the market
If you are very busy with your work, you can automate your trading process with the bot. But you need to have much information to set up the bot so the bot can run properly. I already tried to run with bot although I still monitor by watching the market online, I feel I cannot get something if I use the bots, and that makes me decide to stop the bots. And now, I prefer to make manual trade, and I now use tabtrader to help me trade wherever I stay, and I don't always have to watch the market in front of my monitor.
I am not great in trading but all I know is that I usually gain profit but not that big as some of the great traders here. I think I will consider Bot to do the trading for me.
This is a wrong approach. If you want to trade then do it on your own rather than using a bot. A bot only automates your order placing and running some algorithms. These bots are the reason Binance Sell walls become so high and make a fake market impact in terms of aggregators like coinmarketcap. Overall they have a bad impact on the crypto economy and neither does using a bot guarantee your profit.However we have some people who are trying to make money by selling bots. So they will feed any person they can find with their BS propaganda about bots and how they can be used to get profits. They are nothing but lies.
I think a trading bot is not a good idea because it only works well in a few situations. Moreover it is risky because there might be malware that can steal your account.
as far as I know bot users have suffered a big loss at the end of trading, this might be as you explained that bots work only in certain situations, this makes sense because bots are made by humans based on indicators, while sometimes indicators are not always right in the marketI think a trading bot is not a good idea because it only works well in a few situations. Moreover it is risky because there might be malware that can steal your account.
Most trading bots that I have seen are actually typically designed to do this, and secondly, bots also work for the company that produces it, you might be getting some profit without knowing that your profit is being split and connected to another account, I have vowed never to use a trading both ever since one of my software expert that is into some of this applications, told be about what some of his friends do to this trading BOT. It is best that anyone that wants to trade should just try as much as possible to trade manually, and trading manually makes the trader to continue to acquire more experience that will make him become a strong trader. I know many people are scared of losing their money when trading, but that is part of trading, even BOTs too do loose trades often.
want trade by bot what do you think are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
trading through Bot looks were awesome while planning but when you try and actually set up a bot you will realise that the automation is not that easy. By saying this I do not mean that it is not possible to trade through bot. It is just that it needs efforts to set up bot. Like only RSI strategy to set a bot is not enough.
Let me tell you what all efforts I have put in I use to read can work on my strategies then on TradingView I use to script it back test it and check the wining and losing bets of the strategy and then again work on the strategy and improve it back test and so on. But, once the bit is set fruits are good as Bot does not have emotion and no stress.
Golden rule is whatever is the strategy or whoever is trading(bot or human) Stoploss is must
I used a bot which name is Apitrade. You can google it and find the website. The results are not too bad during the stable market and bull run. But the problem is I trade too and my results are better than bot's results. If you don't trade, this bot can trade for you.
Thanks for that suggestion.
But I think the name is not Apitrade since as far as I know, that is a great site. I am not advertising them but I did hear and read that it is a great platform. I am not great in trading but all I know is that I usually gain profit but not that big as some of the great traders here. I think I will consider Bot to do the trading for me.
It is just like you always hiring a machinery to do something that you have the ability to also do, and then you get used to it that when the machinery no longer exist, you end up in a vegetable stage because you have no idea on how to further more on it. Bit actually work to some extent, but if you continue to rely on Bot, how then would you know how to trade yourself, and trading is something that really requires practice, because the more you practice, the more you get better in it.
Bot is only for maybe people that are purely not interested in trading at all and just want to try their luck to see if they can make extra income from trade without having ti trade themselves, and this is mostly done by maybe office workers and old people, but any young agile trader, it is not advisable.
Bot is only for maybe people that are purely not interested in trading at all and just want to try their luck to see if they can make extra income from trade without having ti trade themselves, and this is mostly done by maybe office workers and old people, but any young agile trader, it is not advisable.
Well, someone who only relies on bots is more likely to aim to make profits. And actually not because they can't trade and do their own analysis, on average between them are bored and too busy so they choose to use bots.
Bots do make a lot of traders addicted and ultimately dependence on these machines. They can only realize that their bots are useless with market conditions that cannot be predicted anymore.
If you plan to use a bot in trading, make sure you go for the one with a good community behind it. A community that will help you if you have trouble in the setting it up or simply of you encountered a problem. if they have a Telegram group that will be great. There' a lot of bots out there but only a few have good after sales support.
But usually only a few community members will give their strategies for using bots, even this is my own experience. I used a bot before, when I still did not understand how to trade, I met many members of the community, they were all stingy to share the strategy and it was useless to use it, well finally the bot is now trash.
I advise you not to use boots to trade. The reason I didn't recommend it is that these trading bots usually don't work flawlessly, and we've seen how bot failures have occurred in various periods. The problem will be quite large, especially if you are not using a quality bot. It is not necessary to use a free or low paid trading bot, because the algorithms of these bots are resolved quickly and very often they are misleading. For this reason, it is necessary to use very high quality and personalized bot service or to make transactions without using any bot. It should not be forgotten that with the slightest harsh drop wave, the bots will buy what they find.
Bots dont have the instincts of a human.
Yes, bots can work with a little profit but it cannot be done in a full time working machine since the market of crypto currencies is so volatile.
You will still need to monitor everything. Maybe leave it for 8 hours when you are at work then back again checking it.
But if you are really into making a lot of profit then manual trading will still be the key.
Yes, bots can work with a little profit but it cannot be done in a full time working machine since the market of crypto currencies is so volatile.
You will still need to monitor everything. Maybe leave it for 8 hours when you are at work then back again checking it.
But if you are really into making a lot of profit then manual trading will still be the key.
If you plan to use a bot in trading, make sure you go for the one with a good community behind it. A community that will help you if you have trouble in the setting it up or simply of you encountered a problem. if they have a Telegram group that will be great. There' a lot of bots out there but only a few have good after sales support.
I did consider the creator or programmer of the bot and their understanding of trading. also I will get a bot because of tight day schedules it not easy meeting up with trading and still run other problems on the side.
Why I like bot
1. It does what you input into it no sentiment or emotion leakage
2. It's tireless and can run for longer hours
Why I like bot
1. It does what you input into it no sentiment or emotion leakage
2. It's tireless and can run for longer hours
want trade by bot what do you think are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
That's the usage of a bot; you will just set your rate when it buys and when it will sell. I mostly use some bot in trading because I can't focus on trading because of some matters. But you must take note that if you want to have a higher profit is much better to concentrate on trading than depending on the bot.
Today, even experience traders trust some bots. However, before using them, you need to remember some serious stuff. First, you will never find bots that will always bring you profit. You will surely need working out a personal trading strategy and all the time control it. Bots will simply help you to cope with emotions and eliminate trading routine.
However, when bulls come, bots bring profits all the time.
want trade by bot what do you think are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
Never using bots, just using my skill (TA) and news about coin/token you want to trade.
My preference is always about doing manual trading for obvious reasons. But if there is really desperation when it comes to Crypto Trading Bots, I will prefer Gekko, it’s something that I have heard plenty about. I have not personally used this but in doing all research that I have regarding Crypto bots, it really leads in very noticeable way. So I for sure will suggest their name or probably not doing automatic trading at all, it depends on your views.
If you already know what your doing and mostly have repeating trades sure a bot will help you out to watch the market and execute trades for you.
Just skip the bots that are closed source.
Just skip the bots that are closed source.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
You can do trade by a bot. But I think it is not so easy like manual trading. And bot will not do any work alone. You need to input data into the bot and for putting a essential/profitable data you need to more experience about it. So I will not suggest you to use bot without any knowledge about it. First try to learn then try to use. thanks
Jump to: