Topic: What are your opinions on trading bots? (Read 419 times)

Its not something a side hustle but rather its really a tool on which you could make use of specially when dealing up with automation of your trades, just like on what others been saying above
that it do really always get that wrong impressions or mindset towards these bots as if these are really that being used to generate out some easy profits towards trading on which this is really that very wrong.
You will be finding out its relevance on the moment that you've realize on whats really that its actual usage on which it will really be that understandable.
People do really that become that too delusional when it comes to various things but on the moment that you've been able to experience shit situations then this is where realization kicks in.

Bots are for automation and its not something that generate out some income or profits to those who do make out trades. It does bring out that convenience on the moment that you are out or not on your PC
on which it will really be that still that able to execute your trades without supervision on which this is really that a great thing to have or something twhich is really that relevant.
People do usually having those wrong perceptions on the moment or time that they are experiencing loses.

People use and even hype trading bots unless it skips your path, they will do that until it disciplines them...lol. Trading bots do not work eventually, but some would perform better. I've never seen an outstanding performance in the long run. I wonder why it now litters the crypto platforms now and exchanges would be marketing it as if it is the saviour of the trading world now. But I can't blame them, they want their platform to be more active and your losses are their gains.

Yes, for you to have the experience and decide for yourself.

It can be used as a side hustle, but not as the main profit made from the trading itself.
It's always better to do things yourself rather than putting hopes into something artificial 

Copy trading is essentially a bot that would copy another person, however, never tried it.
Seen it on SOL memes, though 

I don't want to give you an answer whether it is recommended or not, but you have to think that using a robot in trading requires you to set prices and others for the purpose of making a profit.
If trading with the aim of making a profit can be done without using a robot, why not do it. Besides gaining experience and knowledge, trading without using a robot is much more enjoyable.
Now it is more popular with futures and copy trading.

You can try it if you want, but don't expect too much about it especially if you aren't that knowledgeable enough when it comes to crypto trading.

Correct me if I'm wrong because I'm not using trading bots at all, but this bots need to be set by the person itself and if you don't know anything about trading, you might just end up losing money because of wrong parameters. It sounds like a good idea knowing that it's a bot and it automatically takes profit depending on the parameters that you set, but also take note that using a trading bot doesn't mean a guaranteed success or guaranteed profits. Maybe there's no hype around because it isn't that effective at all, or at least many expert traders aren't recommending others to use it.

For me, I would rather copytrade expert traders out there than using trading bots, or should I say I would rather trade myself than relying on bots.

Actually depends on your needs or condition because there are certain traders who are really that having some other errands to run on a single or particular day on which simply means that you cant be on your computer or laptop all day. This is where these bots would really be that helpful or something significant on which on the moment that you would be setting out those commands then you are good to go.
You are able to set on what the bot must do when hitting up on a particular price whether selling out or making some entry. It will really be just that basing into the set pf commands on what you are putting into.
For those people who do have tons of time for them to be able to trade then i dont see that they will be needing up some bots but there is a particular time that you might be needing it.

Just like on what others been saying that usually people do have that wrong impressions or views towards bots on where they do believe that this could bring out some easy money into them but not really that
realistically thinking that it wasnt supposed to be on this kind of usage. Newbies will really be having that wrong perceptions towards it on which they do believe that it could bring or make money
on the moment that they will be using it but when reality slaps you into the face then this is where you do make out those realizations.

So far I have never been interested in using trading bots to carry out my trading plans, I have never even tried it. Some traders have relied on trading bots to automate their trading plans, but there are always people who only rely on themselves to do everything. I don't want to trade automatically, so I will take the time to trade when I see an opportunity to make a profit.

Meanwhile, traders who rely on trading bots may be able to gain profits with them. They tune it as best as they can according to their plan, but relying completely on bots to make money may not be the best decision in trading.

Actually it is really that an advantage or does bring out that great convenience yet this could really be able to automate on what you trying out to make the bot do when you are away from your own PC.
It is really just that there are really those people who do really believe that trading bots does have that other functionalities and the worst is that there were individuals who do really believe that trading bots are things that could actually make them money on which this is really that a BS idea to have. One of them main reasons on why they do really end up on getting busted just because of those kind of wrong hopes due to wrong informations or lack of experience on a certain thing. On the moment that they do able to make those actual experience then this is where they do make out adjustments accordingly.

It is really just that too wrong that you would be thinking that trading bots could generate out easy profits into someone on the moment that they will make use of it on which its really that something laughable kind of approach. ahahahahha

Trading bots have its certain advantages that can help us analyze the market well and interpret its details, thus making our trades easier, but we can never completely rely on it when it comes to trading profits and sustainability. It's still best to prefer manual trading, since you can assure whenever flexibility is needed highly, although emotions are also at stake.

Bots would perform on what are the settings that had been used or been set so therefore it would really be always necessary that you should really be that knowledgeable into the things on what you are really that dealing into. The most common misconception about trading bots specially newbies on which they do really believe that it is really that something that could give out that sure money or profits.

Trading bots are useful on the moment that you arent that on the front of your computer on which this would really be making things lot more comfortable. If you are someone who do have
those kind of hopes that it could make sure money then you are definitely wrong with that. Market volatility will really fucked up you hard and made out those kind of realizations on things.

Make use of it according into the real usage of it. Dont tend to have that kind of wrong assumptions about bots because it will really be always basing up into the commands or setting that you had put on.
Dont make yourself having that kind belief that it will really be doing some magic. 

You are probably not aware of this but bots are not supposed to increase your profitability as a trader they are to automate the process for you and they work according to the settings you set for them, they don't do things themselves because they are bots, they need instructions to work. A bot will buy or sell certain assets with specific amounts and all these metrics are set by its users. So if you are using a trading bot, you set everything up, and then you run it, and it will process the things when you are not available which makes it possible for you to make certain trading moves even if you are busy yourself.

I'm not a big fan of bots, honestly. I do find them useful in some instances such as in times when a new token or coin is getting listed, a bot can execute trades faster than a human, so it can be useful in making an entry and exit very quickly and giving you some profits in the initial pump-and-dump sessions of newly listed cryptocurrencies in centralized exchanges.

There is something I.wamt you go know about Trading bots, they are programs that behave when they see the properties they are programmed to do especially when they signal things about the market, they know when it's right to buy and when to sell but generally, trading bots are very profitable only in bull run as the market tends to to be bullish only that time, you will make loss or nothing in bear market if you try it out.

My advice is, if you don't have time for trading, don't waste your time using it because if in deed it's profitable and can prints money for traders, a lot of people will be using it but just less people used it and they are not that profitable when compare to when you do the trading on your own. If you don't have the team, kindly buy a coin and hold, it will benefit you than when your trading and the bot is chopping off your trading capital.

The "idea" of a trading bot is awesome, I understand why people would fall for them and want to spend money on them. After all, you just buy a bot, and tell it to make you profit, you sleep all day and watch Netflix and eat good food and come back home and you are richer. But unfortunately that idea is a lie, most bots can't make you money at all, and the very few that works well, do not make money at all times, only make money during bull periods.

This is why you should stay away from them as much as possible and not buy them. I can see a few that has potential, but none of them worths their money at all and you should learn to trade yourself. It doesn't matter if we are talking about a bot, or a mentor or a copy trading, whatever you want, always prefer yourself.

If you can use them and implement them in your strategy why not? And there's no reason to hype it up, it's been there for so long and people who know about it, know about it. They make trading easier (trading, not making profit) and give access to quite a few automations that make it easier in general for them. I've tried them before and they're definitely helpful.

And at the same time pretty sure a trader can still be one even without it. After all at the end of the day, a tool is just that, a tool. Something that helps, not something that guarantees. 

Very correct and in addition, beginners should reduced trading with bot sometimes it's not good, it always good to have good knowledge about trading before trying to use bot to enhance their trading. Just as you already said to make it less hassle free and shouldn't be regarded as source of generating money when the real knowledge is not gained from the onset, since most newbie traders think is the path way to a successful trading.

Just like your cell phone makes things easier for you and you don't have to do things by yourself is how trading bots are made to take smart and fast decisions for you even when youa re not active in the market, becasue you are a human who could get tired and the market does not wait for anybody. To cover for that gap, you can ue trsading bots creadted to be programmed to react in certain ways. You can look into it to see how it works. But to be sfe you might want to just do it with the rewarding ones, llike the Trading Bot carnival on Bitget and you will see how trading bot works with EIGEN, CATI, TON and the llikes.

If anyone is a trader and does not use a trading bot by now, they are like traders living in the past when things are yet to advance, that 's how it sounds like for someone not to be using it by now, so you don't have to shy away from it.

Market has patterns and fractals but most of them don't work 100%. If you see a pattern, a fractal, market makers see it too and they are people who set up these patterns and fractals. Now, think of reasons why they set it up for you? Do they set it up for bringing profit to you?

It's certainly they don't do these things for your profit, but for their profit, and think more about the zero-sum market. If they, as market makers, get profit, you will be losers to pay for their gains.

Market has uncertain times so bots can not save you if you don't turn off your bot before these risky time. When you see risk, turn off your bot, and if you can do this, you can get profit with your trading bot operation.

The good and experienced traders do not hype it up because they exactly know what it is that is there when you start depending on trading bots for trading. I strongly believe that as a good trader if you are able to develop a pattern that works for you and only trade when you are available you would not be needing a robot to assist you in trading. Using bots also to trade does not also guarantee a good result because bots are unable to develop themselves by themselves and still require human input to adjust themselves to market conditions. If you do not have good knowledge of the market, you will not still be successful using a bots.

It is legitimate when someone wants to use a trading bot, because by using a trading bot they can automate their trading and execute orders without their intervention. However, this should only be used by traders who already understand trading, for people who still do not understand trading they should avoid using trading bots, because trading bots are designed using programming codes and according to the strategy of the maker, if they do not understand the strategy of the trading bot, then they can be fooled very easily.

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.

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.

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.

Trading bots isnt something that could really be that to be undertood by a newbie even if we do speak about into those bots which does have that already some setting into it. Proper trading knowledge is something
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 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.

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.

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.

If you have a good knowledge of TA and the modifications is right. They can be great.

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 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 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 

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.

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.

Just like on what most people been saying above that it will really that just matter on your preference and of course on the knowledge you do have because using up trading bots would really be useless if you are someone who doesnt know on how to apply such strategies that would really be put up on the bot. We do know that it will really be thatn eeding up that kind of knowledge towards trading for you to utilize
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.

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.

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.

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.

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.
In conclusion, before using a bot to trade you should be more granded trading comfortably without even using the bot to trade.

Trading bots... do they work?
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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?

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.

I wouldn't say that I recommend or not recommend it. What I think about trading bots is that they are good as the trader who is using them. If as a trader you make trading decisions based on your emotions and your trading plans change as frequently as you trade, I don't think there will be any difference if you program a trading bot because if you haven't mastered the life trading platform you cannot be a successful trader using a trading bot no matter the advantage you feel you may have from using it.

If bots can help everyone to trade and get profit, do you see it is too good to be true?

The market is zero-sum game, and it will never give everyone profit, because money in a zero-sum game only moves from people to people, from losers to winners. This principle warns you that you can get loss by using trading bots too.

Profit or loss, it depends on your setup for the bot and sometimes you have to turn off your bots when market comes to dangerous times for a break out or break down.

do you have the ability to learn better trading? if you can develop your own trading skills, it's better not to use trading bots now. it doesn't mean that trading bots are bad, but with you already knowing and mastering trading well, then you can judge whether you are suitable and feel helped by trading bots or not enough to help you.
you must be at a level where you are confident to trade with your own abilities. it will keep you away from something that will ultimately have a negative impact on your trading activities in the future.
there's nothing wrong with trying, but you have to measure your level of ability first.

Trading bots are really just that good for automation nothingless. It is really just that there would really be those individuals who do really think off that it is really that something that could generate easy profits or money
which is really that very wrong. It is really just that useful if you are a trader whose really that not always on front of your computer on which of course it will really be that important that you should really that know
on how to put up those strategies on which it will really be that something relevant or something that you would really be needing. On the time that you would really be just that relying with these trading bots
then you would really be finding yourself having some issues when it comes on making yourself being not be able to learn up on your own. Its not something that will really be that making up some progress
on which you wont really be making any skills when it comes to this. This is why it would really be that important that you should trade on your own manually.

Trading bots is just an automated trading which means a user needs to setup the bot using the price range and other bot parameters before it can trade. There’s a suggested setup but that doesn’t mean it’s profitable already.

Copy trading is more popular than trading to newbie trader since it follows the trade of a professional trader without the need to setup their trade. Bot is only for traders that already has an experience on trading that wants to automate their trade since they have the strategy in mind.

I always use grid trading bots whenever there’s a trend since it gives me consistent profit on the price range which the volatility of the token set.

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.

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?