I have been using a trading bot for some time but I don't feel right about it because I can not run the bot properly. Using a trading bot needs to learn from time to time follows the market movement so if you don't wants to learn, you better not use trading bot. Trading is not for you.
If you willing to spend some time to learn how to running the bot with right, you will have a chance to make a profit from automate trading process using trading bot. But that is not easy because you need to learn more and more to make yourself familiar so you can set the bot based on the market position.
Topic: What are your opinions on trading bots? - page 2. (Read 419 times)
I've tried it and it just doesn't work for me, I still love the conventional way of just setting up entry price and stop-loss, this works better because I can control my loss and act accordingly.
using bot, even the one with AI capability, just doesn't sit well, you entrust some good money to the bots and let them do their thing but what if suddenly the bot just keep consistently making dumb decision?
I've never seen anyone flexing their gains using bot instead it's always the people who trades themselves and make some good profit with their keen insight, but I guess bot can have the advantage of executing trade within just less than second when some bad news appear, I guess if bot like that exist, it'd be a great thing to try, I find myself unable to keep up always monitoring the news full time.
I know its not going to work for everyone but their people that it might actually be working for and I personally have not tried it before so I don't know exactly how it even works but with your testimony I don't think I will be able to use let me go with the system am use to which is understanding the analysis. When you are doing everything your self you can actually take charge compare to allowing a bot to be in charge of your trading, so that is exactly what is scaring people because you should know how important using Sl when ever you trading. using bot, even the one with AI capability, just doesn't sit well, you entrust some good money to the bots and let them do their thing but what if suddenly the bot just keep consistently making dumb decision?
I've never seen anyone flexing their gains using bot instead it's always the people who trades themselves and make some good profit with their keen insight, but I guess bot can have the advantage of executing trade within just less than second when some bad news appear, I guess if bot like that exist, it'd be a great thing to try, I find myself unable to keep up always monitoring the news full time.
I understand exactly what you are explaining i know how it feels when you don't completely trust bot with your funds and what if a glitch happens what will you do and who are you going to fault no body. We won't know when things like this will occur so prevention is better than cure and some might not even have a cure. You hardly see people that make use of this bots people don't want to entrust anything in the hands of bot so it is better to do your thing yourself at least if it fails then it fails you won't blame anyone but your self.
Quote from: notMeNahh
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
Do you guys recommend I try it?
Don't try it as a newbies, because it will not allow you to learn cryptocurrency trading very well to improve, because those that are recommend to bot trading are those that are very busy with their activities which they can make use of bots trading to reduce their activities and stress. If you understand cryptocurrency trading very well, I don't think bots trading will sound like a good idea to you, because the income that will be coming out from the bots trading will not make you happ, because you are not trading the coins by yourself than using a bots to trade for you. When you know what make you to join the cryptocurrency trading, I don't think you will make use of bots trading in any condition you find yourself, because it will not allow you to learn a new methods that will help you to increase your income than to make you to remain in the same amount of income.
that you would really be needing up or something which you will really be considering for you to be able to read up those strategies or indicators which been used. When you are still a noob then it will really be
that understandable that you will really be having that kind of learning phase on which you will be needing up to consider on which this one talks about on learning up trading via doing it or simply making manual trades.
Automation would really be that only relevant or something that will be needed on the time or moment that you do really know on how it works. If you are noob then this one is irrelevant but if you are knowledgeble
trader and isnt really that always on the front of your PC then using up trading bots is something that you will really be needed on ease out that trading in more efficient way specially on executing on the commands
that you had set out on the bot. It will really be that just right that you should really know on how to make use of it and on when you will really be using it.
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
Trading bots sound great, but I get what you're saying—they're not the ultimate solution for making money in trading since they haven't been fully tested and proven effective. Sure, there are tons of trading bots out there, and many people are using them, but where's the proof that anyone actually got rich of them? It's easy to claim they're effective, but providing real proof? That’s a whole different ballgame.Do you guys recommend I try it?
In the end, it’s way better to craft our own strategies based on our ideas and learnings. While we believe that experience is a powerful tool that can boost our skills and lead to success in this field! Then I'm doubting why we don't push ourselves to do that.
Quote from: notMeNahh
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
Do you guys recommend I try it?
Don't try it as a newbies, because it will not allow you to learn cryptocurrency trading very well to improve, because those that are recommend to bot trading are those that are very busy with their activities which they can make use of bots trading to reduce their activities and stress. If you understand cryptocurrency trading very well, I don't think bots trading will sound like a good idea to you, because the income that will be coming out from the bots trading will not make you happ, because you are not trading the coins by yourself than using a bots to trade for you. When you know what make you to join the cryptocurrency trading, I don't think you will make use of bots trading in any condition you find yourself, because it will not allow you to learn a new methods that will help you to increase your income than to make you to remain in the same amount of income.
I've tried it and it just doesn't work for me, I still love the conventional way of just setting up entry price and stop-loss, this works better because I can control my loss and act accordingly.
using bot, even the one with AI capability, just doesn't sit well, you entrust some good money to the bots and let them do their thing but what if suddenly the bot just keep consistently making dumb decision?
I've never seen anyone flexing their gains using bot instead it's always the people who trades themselves and make some good profit with their keen insight, but I guess bot can have the advantage of executing trade within just less than second when some bad news appear, I guess if bot like that exist, it'd be a great thing to try, I find myself unable to keep up always monitoring the news full time.
using bot, even the one with AI capability, just doesn't sit well, you entrust some good money to the bots and let them do their thing but what if suddenly the bot just keep consistently making dumb decision?
I've never seen anyone flexing their gains using bot instead it's always the people who trades themselves and make some good profit with their keen insight, but I guess bot can have the advantage of executing trade within just less than second when some bad news appear, I guess if bot like that exist, it'd be a great thing to try, I find myself unable to keep up always monitoring the news full time.
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Trading bots are not great in my opinion due to the automation that they are, there are decisions that a human will make during trading just because of the intellectual capabilities this is something that bots cannot handle. You point it out that it is for people that don’t know how to trade and I say if anyone doesn’t know how to trade then they shouldn’t be trading nothing like using a Bot, there are many things one need to know even if they want to use the bot things like risk management, so if the person doesn’t know how to trade they will simply Just end up losing their money with the bot. The best strategy in trading uptill now is your own strategy.
If you have a good knowledge of TA and the modifications is right. They can be great.
Trading bots should not be seen as something that will make traders make more money. The main work of bots should be making work easier. I mean to make trading easier for good traders.
Good traders do not need bots to trade and make money but they can need it for some automation in trading.
Good traders do not need bots to trade and make money but they can need it for some automation in trading.
Valid. Reading bots augment your capacity and make earning easier. I guess that's what this is doing rn. BG trading bots carnival. If you fancy, and make the modifications, could be an opportunity to earn something..
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Trading bots are not great in my opinion due to the automation that they are, there are decisions that a human will make during trading just because of the intellectual capabilities this is something that bots cannot handle. You point it out that it is for people that don’t know how to trade and I say if anyone doesn’t know how to trade then they shouldn’t be trading nothing like using a Bot, there are many things one need to know even if they want to use the bot things like risk management, so if the person doesn’t know how to trade they will simply Just end up losing their money with the bot. The best strategy in trading uptill now is your own strategy.
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
If you want to excel in trading don't think about using trading bot, some persons in this community has tried using trading bot to trade it wasn't easy for them, because it has it's criteria, so the criteria subscription is one of it and I think also have a limitation of profit due to the subscription, assuming its giving a massive profit majority would have abandoned manual trading and use a trading bot, its obvious trading bot is the worst you can use to venture into trading, because at the end of your trading and your expenses you apply might be in vain, I will encourage you that you should go and learn trading manually and establish yours, it will be better for you to use bot that may put you into debt Do you guys recommend I try it?
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
I personally avoid trading bots at any cost, and I believe those bots are simply useless and are just there to make money for the developers not for the traders. I suggest everyone to avoid using those trading bots, especially the ones that comes with fees. If you really want to be a good trader then I suggest you to not rely on bots. Do you guys recommend I try it?
Trading bots do not guarantee that you will always end a session with a profit, know that trading bots work on human commands which means of course risk will always be a part that you will definitely experience occasionally even if you use the bot, there is no difference from when you trade yourself manually. One of the reasons why bots were created is to help make it easier for a trader to continue trading when they don't have free time, I also often use trading bots as an alternative so that I can still open trades in the market when I don't have time to be in front of the monitor screen.
The point is don't misunderstand trading bots, this is an alternative to facilitate accessibility in your trading activities.
The point is don't misunderstand trading bots, this is an alternative to facilitate accessibility in your trading activities.
Do you guys recommend I try it?
I can recommend it for automation like what you need to get notifications for your trade signals so that you can use your human knowledge to observe your trades and to get the orders you want to trigger. People who use bots also don't rely on it for the whole trading experience, they use it as support.
For your information, you should know how to trade for you to use bot in the first place. Bots serve as AI and it is made to make your work easy. For example, if your automation don't trigger off in notifying you then you may still be busy with other things with your time until you have need or a trigger to check your trade. So bots won't only be used for trading but you also need your human knowledge to observe your trade.
that full potential of a bot but of course just like on what we do know that it is really just that good for the sake of automation of trades and not something that would really be giving out that kind of assurance
that yoiu will really be able to make profits.
You would really be able to realize on what are the real usage of it on the moment that you will be starting on using it. It is really just that there are people whom had been that trying out to make
it work which is really that on different way on which this is something that not be possible or applicable on which just been said that it is really just that good for automation of trades according
into the analysis that you have set out.
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
The fact that it's not error free and not all trading platforms allow it is a reason not to use it, especially on props, it can get you disqualified, I have noticed with a friend who got one, he was having issues with execution as the bit sometimes lags behind and makes his trade either not executed or executed later than it should and it cost him money sometimes and the other times he could be profitable, except under close supervision, I don't think it's ideal enough. Do you guys recommend I try it?
Do you guys recommend I try it?
I can recommend it for automation like what you need to get notifications for your trade signals so that you can use your human knowledge to observe your trades and to get the orders you want to trigger. People who use bots also don't rely on it for the whole trading experience, they use it as support.
For your information, you should know how to trade for you to use bot in the first place. Bots serve as AI and it is made to make your work easy. For example, if your automation don't trigger off in notifying you then you may still be busy with other things with your time until you have need or a trigger to check your trade. So bots won't only be used for trading but you also need your human knowledge to observe your trade.
there are many kind of trading bot but if you're talking about trading bot that leverages AI to operate, I think you should determine the profitability rate with low capital first.
otherwise you won't know, each trading bot usually employ different algorithm, so the result will also differ for each trading bot compared to the other.
I personally never used trading but, but nowadays trading bot is more accessible than ever, some exchange also provide trading bot for their users, but as I've observed, it was never a foolproof solution for trading in the market and consistently make profit.
trading but can make the best TA out there but there's always chance that market retraced because of bad news.
otherwise you won't know, each trading bot usually employ different algorithm, so the result will also differ for each trading bot compared to the other.
I personally never used trading but, but nowadays trading bot is more accessible than ever, some exchange also provide trading bot for their users, but as I've observed, it was never a foolproof solution for trading in the market and consistently make profit.
trading but can make the best TA out there but there's always chance that market retraced because of bad news.
To me a bot is always a bot and at that it can't perform life real humans and at that it will have some basic lacking behind when it comes to trading, I dont option in for a bot although some have the idea that trading bots give them more advantage to make a better trading decision and making more profits as compared to the traditional human trading, i don't know how that could be imagined possible, but still a bot can't act accurately and there will always have their own limitations.
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
I think there have been lot of talk about trading bots for some moments but even as that I don't still give priority to trading bot rather you should study to know how to trade, maybe after much lessons and practice you can then start using bots to trade. However, using bot means you should also be ready for some lost due to the technical issues that can be faced along while using the boys.Do you guys recommend I try it?
In conclusion, before using a bot to trade you should be more granded trading comfortably without even using the bot to trade.
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Trading bots... do they work?
AI Crypto Trading Bots
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Are you using a trading bot?
You can find more opinion from the above topics which have earlier been discussed about trading bots. I don't use bot to trade, there's no evidence to prove that bots are more profitable than humans, so what's the need of using it?
AI Crypto Trading Bots
I am testing different crypto trading bots ✅ Only real results, no bullshit
Are you using a trading bot?
You can find more opinion from the above topics which have earlier been discussed about trading bots. I don't use bot to trade, there's no evidence to prove that bots are more profitable than humans, so what's the need of using it?
Trading bots have always sounded like a good idea especially for people that don't know much about trading or want decent profit. Even though it sounds like a good idea, I rarely see people use it much or hype it up especially the good traders.
Do you guys recommend I try it?
Do you guys recommend I try it?
You are probably looking for a money making tool, which you can just switch on and it starts printing money. Let me tell you that no such tool exists, not at least for common people like us. With the advancement of AI, such tools may exist in future though.
Whatever trading bots we have available in the market, are controlled by the traders. The logic is given by the traders and the bots execute the logic. There's no guarantee that it will make you money.
I personally do not recommend trading bots.
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