What Bitcoin Trading Tools Should Everyone Be Using?

AniviaBtc

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Quote from: BitMaxz on October 17, 2019, 05:40:59 PM

I don't see one of the great and well-known trading bot in your list it seems you never heard of it.

Check this one below:

- 🔥🔥🔥🔥🔥[GUNBOT] Automatic Crypto Trading Bot - now with BITMEX🔥🔥🔥🔥🔥

And check this below to get more ideas about trading bots to add it in your list.

- List of known Trading Bots

The link you shared is very useful for those beginners who find trading bot that is suitable and effective for them. But I agree in the GUNBOT, it is very easy to use and very efficient when it comes to trading bot. There are a lot of trading bots in the link and it's up to you if you want to learn and experience how to use it. But before you try those trading bots, observe, search and explore first on what is the function of that program.

figmentofmyass

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Quote from: asyakashi on October 17, 2019, 09:36:16 PM

Many people say don't use bots for trading. I myself am curious and want to try using it after several methods and TA does not produce satisfactory profits.

you need to be profitable at trading before running bots makes any sense. you can't just "set it and forget it"---the default settings aren't profitable. you need to know how to regularly tweak the parameters to profit from various market contexts---uptrending, downtrending, ranging, etc.

Quote from: asyakashi on October 17, 2019, 09:36:16 PM

Unfortunately it is hard to find bots that support Latoken exchanges. I'm still looking for it ...

if you wanna run bots you should be trading somewhere with better liquidity anyway. the volume on latoken is all fake.....

BigBoy89

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Quote from: crabby on October 17, 2019, 04:58:47 PM

Hi Everyone!

I thought I would start a discussion on what tools everyone uses to manage their portfolio. There are a lot of great tools out in the market, so I would love to hear what you're all using and how it fits into your portfolio strategy.

Here are the tools we wrote up that we think everyone should be using. Let me know your thoughts!

https://medium.com/coinmonks/the-bitcoin-trading-tools-everyone-should-use-e619c01581d1

Thanks!

Bots, bots and again bots. I'm trying to bot/automate every repetitive action I see in my daily trading routine.

From the list in the article, I'm using only Gekko - it's open-source and you can easily edit it for your needs. Still, I prefer my own bots for most of the actions. Every big exchange is having a public API and with a little JS everybody could do miracles.

ufaiz50

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Quote from: crabby on October 17, 2019, 04:58:47 PM

Hi Everyone!

I thought I would start a discussion on what tools everyone uses to manage their portfolio. There are a lot of great tools out in the market, so I would love to hear what you're all using and how it fits into your portfolio strategy.

Here are the tools we wrote up that we think everyone should be using. Let me know your thoughts!

https://medium.com/coinmonks/the-bitcoin-trading-tools-everyone-should-use-e619c01581d1

Thanks!

I trade by digging my own information, I don't use trading bots. I am not a full-time trader, I trade when there is a convincing market for trading places. So the tools like the one you wrote in the article don't really make me interested to try it, especially if you have to pay to try.

Google+

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I think trading using bots has a very high level of risk, you better trade manually or if you do not have time to monitor the conditions of the exchange then you can implement long-term trading and in the world of trading no one can guarantee profit even BOT can incur losses when market conditions are not good.

JNvak

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Galaxy Score basically diagnoses cryptos and tells you their usability based on various factors like Social Impact Score. I started using it when CoinDeal added it to its offer. Also, very recently this platform added some advanced trading features, called CoinDeal Pro, that are free for all of the users. I plan to use them in the close future, but so far Galaxy Score saved me some money Tongue

watergold

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Quote from: nydiacaskey01 on October 17, 2019, 06:54:00 PM

At first read I thought when you say tools you are talking about RSi, Bollinger Band, Parabolic SAR, so the tolls that you are saying are sites like Shrimpy, Crytotrader, Haasbot, 3commas, Cryptohopper and Gekko. After reading the article, it made me realize that really are bots out there that you can use, but is it for free? Is it comparable to popular bots here in this forum?

I think the bot you mentioned is not free, it must be expensive to pay for it but I also don't know whether the results will be maximal and make us profitable or not, what is clear is trading is assisted by bots just to simplify it and not maximize our profit.

Polar91

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Blockfolio is such a great application to track your crypto assets since you can modify your portfolio there at any amount and I think every coin that are listed in coinmarketcap are also there. Just to add since I'm a mobile user, I'm also reconmending tab trader to inspect different crypto market's chart from different exchangers. It has a tool that allows you to do a technical analysis professionally.

GreatArkansas

legendary

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You can use Blockfolio app, it is already available in android, I don't think it is also available in IOS. This app is great since you can use it with some API of different exchanges.
You can also use google spreadsheet, just set it up. But this is only for journal purposes to track your trades.
And last, your title is likely misleading (just what like others said.

Henri Cartier

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There are many trading tools. Few List of Crypto trading tools are:

TradeSanta is a free Crypto trading bot that automates crypto trading and helps you make a profit even when you sleep. Another interesting thing behind TradeSanta is it is suitable for newbies as all you are doing is creating a long and short position.

CoinTracking: It is a crypto portfolio manager for beginners and advanced users alike. With Cointracking you can track your cryptocurrencies on various exchanges and be perpetually aware of what coins you have in your portfolio.

Refer this article to know more trading tools and its use.

Darooghe

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Coinigy covers almost all major exchanges with a portfolio overview which is quite useful. you can see your orders placed in the graph itself giving visual indicators which i think is a pretty useful and unique feature. the guys at coinigy are great, they do balance monitoring for most exchanges and live trading via a single interface for many.

I recommend Medved Trader, besides. it's a PC trading platform that connects to multiple brokers and data sources, that recently fully integrated GDAX into its software for trading crypto currencies. the charts can be zoomed, scrolled, changed to be P&F or Renko, with 100+ indicators available and lots of different color schemes. the users able to use all the program's features such as charting, technical analysis, DOM and chart trading, live scanning and alerts. with GDAX as the broker and data source.

leea-1334

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Quote from: crabby on October 17, 2019, 04:58:47 PM

Hi Everyone!

I thought I would start a discussion on what tools everyone uses to manage their portfolio. There are a lot of great tools out in the market, so I would love to hear what you're all using and how it fits into your portfolio strategy.

Here are the tools we wrote up that we think everyone should be using. Let me know your thoughts!

https://medium.com/coinmonks/the-bitcoin-trading-tools-everyone-should-use-e619c01581d1

Thanks!

I stopped trading very seriously now, but I do still maintain a simple portfolio of my own on NOTEPAD;)

Only because I need to know and remember where my coins are and how much they each have. I do not even check prices nowadays,,, just one day waiting for the bull market to come again, then I will open up my coins and see how rich I have become;)

anastasia tsoy

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ChrisPop

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Well.. the so called tools in your list are mostly automatization methods of trading strategies. Shrimpy looks good as portfolio management solution indeed and it's good that they offer a free plan for the newbies. Beginner investors usually don't possess the kind of money to pay monthly fees on their "tools" so it is a good strategy to address that market audience as well. Regarding the other solutions in your article they are mostly for trading professionals who know their strategies in and out and want to build a bot to do the job for them. Overall it is a well done and quality article. Kudos!

sheenshane

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Your article had been written is lack of information, there are numerous trading tools. But good thing there is a conclusion about those tools and I did not see Gunbot which is very common and popular trading tool. You can add and refer to this link. https://www.finder.com/cryptocurrency-trading-bots.

Using bot it makes your trading activities makes easier and not stressful in monitoring the market price. You can set in the buy point and the selling point, which is good for us as traders.

MURONDI

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I only use indicators to analyze and never use bots, whether the tool you are using is very profitable,? can i see proof of your trade,? I will try to learn the trading equipment you mean, do you have a video tutorial,?

Colt81

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Quote from: asyakashi on October 17, 2019, 09:36:16 PM

Many people say don't use bots for trading. I myself am curious and want to try using it after several methods and TA does not produce satisfactory profits.
Unfortunately it is hard to find bots that support Latoken exchanges. I'm still looking for it ...

It is true that there are some people who do not recommend and do not like using trading bots because it will not help you to make your trade more efficient. But for me, i use trading bots because it helps me to manage my trades whenever i don't have time to check the market's price, and it really helps me a lot to make my trades efficient.

adroitful_one

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Quote from: nydiacaskey01 on October 17, 2019, 06:54:00 PM

At first read I thought when you say tools you are talking about RSi, Bollinger Band, Parabolic SAR, so the tolls that you are saying are sites like Shrimpy, Crytotrader, Haasbot, 3commas, Cryptohopper and Gekko. After reading the article, it made me realize that really are bots out there that you can use, but is it for free? Is it comparable to popular bots here in this forum?

There are a few free open source crypto trading bots out there. As long as you're hosting them on your own machine and not paying for a vps, they're completely free. Gekko is one of them. I can't speak for how good they are though since I ended up writing my own experimental bot project. But, I did stumble across a couple of them whenever I was researching for my own project.

asyakashi

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Many people say don't use bots for trading. I myself am curious and want to try using it after several methods and TA does not produce satisfactory profits.
Unfortunately it is hard to find bots that support Latoken exchanges. I'm still looking for it ...

Apened

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Quote from: nydiacaskey01 on October 17, 2019, 06:54:00 PM

At first read I thought when you say tools you are talking about RSi, Bollinger Band, Parabolic SAR, so the tolls that you are saying are sites like Shrimpy, Crytotrader, Haasbot, 3commas, Cryptohopper and Gekko. After reading the article, it made me realize that really are bots out there that you can use, but is it for free? Is it comparable to popular bots here in this forum?

Me too, i was expecting it is some sort of indicators although in my own personal thought tools is like the trend lines, fibonacci etc. that is literally a tool only. However, the blog is all about bots or automated trader. I'm totally not using any of this and even i tried in the past i'm not satisfied of using it. I much prefer making own technical analysis to execute a trafe and not relying in this bots.

Topic: What Bitcoin Trading Tools Should Everyone Be Using? (Read 256 times)