What do you think about trading bots?

beleyeleazar

newbie

Activity: 140

Merit: 0

Quote from: fempat on June 17, 2018, 01:07:14 PM

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money. I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

Trading bots are very dangerous and not worthy to trust. Because one wrong move can make you freaking lose money. I don't even understand why would anyone entrust to others when it comes to investing their money, more so to a freaking robot.

Dodongbtc111

newbie

Activity: 167

Merit: 0

I am not in favor with this trading bots. This is are the reason why pump usually cuts off because of this. It is so hard to see a huge pump this days because of bots which has set limit on pumps.

WhaleTank

jr. member

Activity: 172

Merit: 2

I used one
Telling the truth, i was unsatisfied with it
Better learn how to trade with your own, that's why all your cryptos are in your hands
whaletank club

iwasneverhere

sr. member

Activity: 588

Merit: 251

I think trading bots it's actually useful for the rich people who are willing to take a little profit, less risk and have a lot of time to work outside trading, since mostly trading bots was programmed to make a short-term trading or day trading and it's fully automated. Though, their price is very incredibly high for just one license.

Dyanggok

member

Activity: 280

Merit: 60

Quote from: fempat on June 17, 2018, 01:07:14 PM

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money. I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

I guess now days majority of trading is done with bots. I saw a lot of bots that can be sign up i do not want to post links so just search for it.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: fempat on June 17, 2018, 01:07:14 PM

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money.

this means that you must stay away from all bots because your problem is not with not-having a bot. your problem is that you are not good at trading and if you start using a bot you will just confuse yourself even more and you may even lose a lot more money since you still don't know what you are doing.

first you should learn how to trade and be successful in it for a while then think about bots.

Quote

I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

i haven't checked it out completely but from my initial glance and seeing them all i see is hot air instead of anything proper. and they just call it "AI" where in reality it is the same script as any other bot uses. there is no Intelligence!

Victorheywhy

newbie

Activity: 252

Merit: 0

Trading could really be profitable, but I do not deal with that as I do not really know much about it. But, I would suggest you have the full understanding on how it works, so as to be on a safer side. But, as for me, I haven't tried it and I won't say what I really know nothing about. But, I think it's more profitable in a long-term trade.

limtjoehua

member

Activity: 216

Merit: 10

Best solution for smart cities

okay if the trading bot is always profitable, but we will be addicted and always want an easy or instant, without working. so when can we be smart and independent? I think if we are lazy then until whenever we also will not be able to solve a problem.

success65

newbie

Activity: 153

Merit: 0

I have not tried, and I can not say the exact opinion, I also tried to trade myself . and it didn't work , and understood. not mine .now others are doing . what is more interesting to me ,

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: TheHas on July 02, 2018, 09:23:18 PM

I'd imagine they could be profitable. Alot of the regular financial market does automated trades. Given how unpredictable crypto is, I feel like the risk would be greater.

It could be that it is profitable on most days but when something unexpected happens, your profits get wiped as the bot responds incorrectly. It could be worth trying it out for a month and see how it goes. I'd be interested in seeing your results

Have you seen the binance hacked case? It's started from those are using automated 3rd party software just like trading bots. Because the creater can give any backdoor to the bots and it can be used to stole all of your funds. It's too risky in my opinion. Everyone should avoid to use 3rd party software.

TheHas

full member

Activity: 616

Merit: 167

I'd imagine they could be profitable. Alot of the regular financial market does automated trades. Given how unpredictable crypto is, I feel like the risk would be greater.

It could be that it is profitable on most days but when something unexpected happens, your profits get wiped as the bot responds incorrectly. It could be worth trying it out for a month and see how it goes. I'd be interested in seeing your results

camillesalazar00

newbie

Activity: 69

Merit: 0

They can work ok, especially for scalping. Obviously any that I've seen work on a pre set criteria though, so you normally need a successful system first.

Nisharawal

member

Activity: 336

Merit: 11

I am no stable coin. to the mooonn.. and back

Quote from: fempat on June 17, 2018, 01:07:14 PM

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money. I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

Trading bots right now i didn't see any good bots which is capable of performing tasks with higher accuracy and this is the reason i don't rely fully on the bots. I use indicators and some EA which helps me in making prediction through technical analysis. There are only few software something like Cryptosuite which is performing good in the crypto trading industry because cryptosuite is a arbitrage trading bot or software by which we can easily sell our cryptocurrency within a few minutes of time.

dammy1988

newbie

Activity: 201

Merit: 0

I don't really believe in bot like most traders do because bot can make you huge gain and throw all the money away given you loss at some time when bitcoin growth is high or too low . But I think a human being understanding how the market works knowing when to invest and when not also when to cash out and when not to cash out. The only thing I see bot doing better is no emotion, no greediness and all that I want to by Ferrari which can ma he your $1000 that already give you $10000 but you thinking big it turn to $300 again . That's the only area I give it to but but if a trader can be emotionless and trade with caution he can do better

Milla Kross

member

Activity: 168

Merit: 10

I think they have their own troubles, for example, many bots require investments: a one-time purchase of the program, a monthly subscription, the return of funds to the circulation at interest or the actually written bot for the cost of your time.

Melnikof

member

Activity: 336

Merit: 12

Quote from: fempat on June 17, 2018, 01:07:14 PM

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money. I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

I know it's cool, especially if you have technical intelligence and can use 100% of them. I tried, but I lack skills + I'm afraid of mistakes and loss of all my money!

Ivandvanko

newbie

Activity: 46

Merit: 0

I thought a lot about trading bots. my friend is now looking for a good option, because he understands them more than I do. I've heard good and bad reviews about them, but until I test it myself I can not say with certainty whether it's profitable or not. if you are willing to take a risk, then go ahead.

fempat

member

Activity: 331

Merit: 13

Are you saying that bots are profitable as long as you have your own strategies? I've seen many bots offering 'effective strategies that are tested and true'. What's your say on this?

FrueGreads

legendary

Activity: 1582

Merit: 1059

I do believe that there are a lot of bots already working on exchanges, because you can actually see some patterns on the books that look like bots working, because of the consistent and timed way they place and cancel orders.

I never tried bots, but I guess that you will need to have a deep knowledge about trading in order to be able to set it up and create a strategy for it. The bot is just that, a way to automatize your strategy, so if you don't know how to trade, I don't think that getting a bot will do you any good.

Yes you can say that maybe those bots will already come with a profitable strategy, but I don't really believe in that. I mean, why would they sell it to you in the first place.

ayo_deji1

newbie

Activity: 152

Merit: 0

I think they are also profitable, but I think some of them are scams. I do not really know much about it as I can't even try them. Just try understand how it works. It's practically not for novices.

Topic: What do you think about trading bots? (Read 190 times)