What does Trading bot helps? | Bitcointalksearch.org

olubams

hero member

Activity: 798

Merit: 503

Quote from: Andrey123 on May 16, 2018, 08:31:16 AM

Ahahaha!
This is all nonsense.
I scalp myself in the Forex market.
I wrote a robot on my trading strategy, but it's impossible to make it perfect.
And one day, you can see in your account zero dollars)

Robots, it's just a mathematical program and it's not possible to write everything down!

My robot works, brings income.
But you have to follow him, so it's better to trade with your hands.

Your idea is just the best way to go about it. Some people would think the use of bots would just replace them completely as they need to sleep and wake up and see their 1btc turn into 1.3btc but not knowing that its based on what is being coded that it responds to and it also dependent on how versatile one is able to tweak the default mode of the bot to get maximum results. In a situation of price dropping, the best is to avoid bots because you will just realize that you can actually do better than what its giving you.

jporter80

newbie

Activity: 112

Merit: 0

Well,bot are automated and with the right settings and amount of stakes I think at they end you will have some profit but for me I like controlling my trade.

nydiacaskey01

legendary

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I see 2 bots that are promoted in this site, one is the Gunbot and the other one is ProfitTrailer. I haven't tried any of those two but I read some back about those bots and most are positive. One good thing about Bots are they are emotionless and it will just follow what you asked them to do. However, downside is you need to make sure you entered the correct settings or else you'll wake up with an empty wallet.

player514

legendary

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Merit: 1039

Quote from: mcrey11 on May 16, 2018, 07:54:20 AM

It's quite uncomfortable while facing on a computer for 4-6 hours to do scalping trade. Somebody did offer me to run a traderbot for easy and profitable trading. It will also run 24/7 and for sure it will take more profitable than watching manually study the charts and indicators. Did anybody here in this forum who's using bots for trading?
May I ask your brilliant idea please.
Thank you.

Don't use a trading bot. It'll really mess with your potential. Instead, look at coins that have a more stable price. There's many that don't shift around as much as the cryptocurrencies that you're looking at most likely. Furthermore, think about the case when everything drops. You might run into the issue of seeing/predicting that happening by seeing particular news stories first. You could take advantage of that by buying and selling right at a particular time. However, if you're using a Bot, you might end up missing those time frames.

mcrey11

newbie

Activity: 57

Merit: 0

Much appreciated idea you all have shared. Now therefore it comes to my mind that primarily bot can only be use as one of our automated tool to view and analyze data what it has collected on that different strategies you've input.
Our initiative always prevail to place trades, its not the bot himself place buy & sell into the market, because if that will happen maybe I will wake up in the morning with 0 balance. Shocked

Thank you for your advises and brilliant idea.

Hamphser

sr. member

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Quote from: mcrey11 on May 16, 2018, 07:54:20 AM

It's quite uncomfortable while facing on a computer for 4-6 hours to do scalping trade. Somebody did offer me to run a traderbot for easy and profitable trading. It will also run 24/7 and for sure it will take more profitable than watching manually study the charts and indicators. Did anybody here in this forum who's using bots for trading?
May I ask your brilliant idea please.
Thank you.

Bots are just good for automation of your trades which it will really simplify your trades yet you can able to walk away in front of your pc and the bot would do the rest but the risky thing that these bots do only follow with your settings or commands and it doesn't really have that decision making factor when sudden unexpected conditions that might happen along the way which would really result into negative outcomes.This is why I do prefer on doing manual trading,it might be boring but as long it is profitable then it would be just fine.

Baraban66

newbie

Activity: 364

Merit: 0

If the bot will use neural networks and ai, then I would use this bot. But now write bots on mathematical strategy or on the basis of history. It will not work long.

justin86

full member

Activity: 406

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Trading bots are actually not something like you give the full control and let them alone, you probably find your wallet with zero balance. If so they would not be sold for cheap prices.

palle11

sr. member

Activity: 2366

Merit: 332

Lol...bots are not helpful. I don't know why people keeping looking at that way to make profit, It is laziness I think . You want to make money the easy way, you just know it won't work.

For the scalping, what you do is to build a working strategy, you develop a duration plan either in minutes, hourly, four hours or daily plan that you can monitor base on that simple. And when your entry is confirmed, you enter and set your loss and profit.

RoftheN

full member

Activity: 546

Merit: 100

If a trading bot turns profit than why would someone sell it and not run it for himself. Why would he be selling it for a few dollars when he could be earning thousands with it. Also most of these bots are nothing but Trojans waiting to take over your exchange api keys and steal your coins like was seen recently during the Binance hack.

Jaycee99

sr. member

Activity: 1036

Merit: 273

Well if someone offered you a trading bot it can be a way for that person to hack you if people are using trading bot and it is common but that bot is still not as good as a human because that bot can know your strategy but still it is not perfect because that bot can earn more than you what usually earn. Yes trading is hard you look at chart and you decide analyze on what you will do and in gamble it also trading bot is popular but genius as a human, maybe for now , if I may believe so.

mcrey11

newbie

Activity: 57

Merit: 0

Quote from: Andrey123 on May 16, 2018, 08:31:16 AM

Ahahaha!
This is all nonsense.
I scalp myself in the Forex market.
I wrote a robot on my trading strategy, but it's impossible to make it perfect.
And one day, you can see in your account zero dollars)

Robots, it's just a mathematical program and it's not possible to write everything down!

My robot works, brings income.
But you have to follow him, so it's better to trade with your hands.

but does it help you to find best signal to buy and sell?

mcrey11

newbie

Activity: 57

Merit: 0

Is it not safe to export the API keys from the exchange site to trading bot? as of now Im test gekko, and its running for past 3 hours.

ProfessorZ

copper member

Activity: 84

Merit: 1

Usually the market moves before the bot can make a profitable move, regardless of what AI the bot is enhanced with. It is impossible to make accurate predictions about the market, the closest thing would be a HTF bot, but for the moment the infrastructure and market volume is not even near forex.

Andrey123

sr. member

Activity: 1778

Merit: 305

Ahahaha!
This is all nonsense.
I scalp myself in the Forex market.
I wrote a robot on my trading strategy, but it's impossible to make it perfect.
And one day, you can see in your account zero dollars)

Robots, it's just a mathematical program and it's not possible to write everything down!

My robot works, brings income.
But you have to follow him, so it's better to trade with your hands.

mcrey11

newbie

Activity: 57

Merit: 0

It's quite uncomfortable while facing on a computer for 4-6 hours to do scalping trade. Somebody did offer me to run a traderbot for easy and profitable trading. It will also run 24/7 and for sure it will take more profitable than watching manually study the charts and indicators. Did anybody here in this forum who's using bots for trading?
May I ask your brilliant idea please.
Thank you.

Topic: What does Trading bot helps? (Read 163 times)