what is the best strategy Trading configuration

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Quote from: egybitco on July 02, 2023, 09:13:46 AM

1.I have a cornix bot mobile app /14 days trial/ interesting to subscribe to som plan ...what is the best strategy Trading configuration
2. cornix bot intermediate enough or need pro plan

.Thank you

Don't fall for the trap.

You asking for a strategy shows that you don't have enough knowledge when it comes to trading.
One should be really good at trading manually before he can give his money to bots for trading.
If you can't generate profits from trading by yourself then you will surely not generate profits by using a bot.

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Quote from: palle11 on July 07, 2023, 08:32:01 AM

Quote from: michellee on July 06, 2023, 08:00:12 AM

Each bot has a different trading strategy, so you must study it more to find one that works. But bots like that are unreliable because you still have to rearrange the orders so that they work according to market conditions.

Rearranging of orders is for someone who already have a strategy and understand the market movement but some traders especially those running after bots don't have strategy or don't trade by themselves, they only rely on application of the bot. Bots sometimes can malfunction to the extent that before you realise it all your capital is gone. I don't advise traders to only rely on robot but if you already have the trading skill , you may as well combine if you feel so . However taking a manual decision is better and including your SL.

And that is assuming the bot malfunctioned at all, as for the most past computers do what you code them to do, so if there is a mistake on the way to bot is behaving most of the time that mistake can be traced back to the programmer.

Still this idea of using bots to trade the markets and obtain a huge amount of money with no effort at all is the dream of newbies, as anyone which has traded the markets before knows that such a thing is almost impossible and they know that if they want to obtain some profits then they need to learn how to trade on their own.

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Quote from: michellee on July 06, 2023, 08:00:12 AM

Each bot has a different trading strategy, so you must study it more to find one that works. But bots like that are unreliable because you still have to rearrange the orders so that they work according to market conditions.

Rearranging of orders is for someone who already have a strategy and understand the market movement but some traders especially those running after bots don't have strategy or don't trade by themselves, they only rely on application of the bot. Bots sometimes can malfunction to the extent that before you realise it all your capital is gone. I don't advise traders to only rely on robot but if you already have the trading skill , you may as well combine if you feel so . However taking a manual decision is better and including your SL.

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Quote from: nelson4lov on July 06, 2023, 03:48:18 PM

Quote from: justdimin on July 06, 2023, 05:18:34 AM

Quote from: nelson4lov on July 05, 2023, 11:05:33 AM

~Snipped

The good thing about studying on our own is that it was free and we won't blame anyone or the creator of those tools that we are using. So Cornixbot was not a product of the OP? I thought this was some kind of a shill post but it's great that you expose some things about this bot. Now others or the OP will be aware and they wouldn't spend more money on it anymore because it wasn't worthy as the trade initiated inside the bot won't still give us a lot of profit.

Those who already avail some subscription in the bot like the OP, should wait for the bull run to come before they use the bot again and see if there is any major difference but I wouldn't recommend extending the subscription no matter what is the result.

Yes. About what I said earlier, it wasn't entirely wrong. CornixBot did work for a while when it was initially launched. I believe the first few set of users made some money off trades the CornixBot took on their behalf but then it was a bull market so as expected it was upONLY season. If the bot continued to churn out profits from the inception till now, everyone who paid for the service should be a millionaire or billionaire by now but that's not the case.

At the end of the day, consistent learning, studying and hardwork pays off better than short term shortcuts especially in the long run.

Very well spoken my friend, the market is very dynamic, this is one important thing we all must understand in the first place, the way the market behaved lets say a week ago, might not be the same way it is behaving today, and if I must point this out, the dynamicity of the market can only be matched by the dynamicity of the human brain, not trading bot can be configured to work like the human mind or brain, and as such, it is difficult for a bot to match the dynamics of the market going forward into the future...

This is because, a trading bot is configured to reason or behave in a certain pattern, that pattern is the same pattern the market is showing, at any time the market shifts from that pattern into another, and the developer of the bot is not there to update the bot, it becomes very difficult for such a bot trade and make profit because, it is now operating on a pattern that is different from the pattern of the market .

nelson4lov

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Quote from: justdimin on July 06, 2023, 05:18:34 AM

Quote from: nelson4lov on July 05, 2023, 11:05:33 AM

~Snipped

The good thing about studying on our own is that it was free and we won't blame anyone or the creator of those tools that we are using. So Cornixbot was not a product of the OP? I thought this was some kind of a shill post but it's great that you expose some things about this bot. Now others or the OP will be aware and they wouldn't spend more money on it anymore because it wasn't worthy as the trade initiated inside the bot won't still give us a lot of profit.

Those who already avail some subscription in the bot like the OP, should wait for the bull run to come before they use the bot again and see if there is any major difference but I wouldn't recommend extending the subscription no matter what is the result.

Yes. About what I said earlier, it wasn't entirely wrong. CornixBot did work for a while when it was initially launched. I believe the first few set of users made some money off trades the CornixBot took on their behalf but then it was a bull market so as expected it was upONLY season. If the bot continued to churn out profits from the inception till now, everyone who paid for the service should be a millionaire or billionaire by now but that's not the case.

At the end of the day, consistent learning, studying and hardwork pays off better than short term shortcuts especially in the long run.

michellee

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Each bot has a different trading strategy, so you must study it more to find one that works. But bots like that are unreliable because you still have to rearrange the orders so that they work according to market conditions.

You must always monitor market conditions so that if market conditions change, you can adjust the strategy to follow market conditions. You can visit the Cornix site because I found some videos made by his team. Maybe you can learn something from the video.

If I were you, I'd rather learn to trade than using a bot. You can get a lot of valuable lessons about trading so you can improve your trading skills. And you don't need bots to trade either.

justdimin

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Quote from: nelson4lov on July 05, 2023, 11:05:33 AM

I would advice you to take the long road of consistent studying of the market rather than investing in tools like this. Cornix bot have been around for years now and it was heavily hyped in the early days but it didn't take long before everyone realize that even the best configurations in the bot didn't yield any returns. It might have worked in a bull run but in a bear market, the game is played differently. The earlier you understand this fact the better it would be.

The good thing about studying on our own is that it was free and we won't blame anyone or the creator of those tools that we are using. So Cornixbot was not a product of the OP? I thought this was some kind of a shill post but it's great that you expose some things about this bot. Now others or the OP will be aware and they wouldn't spend more money on it anymore because it wasn't worthy as the trade initiated inside the bot won't still give us a lot of profit.

Those who already avail some subscription in the bot like the OP, should wait for the bull run to come before they use the bot again and see if there is any major difference but I wouldn't recommend extending the subscription no matter what is the result.

blockman

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When you've mentioned that there's a plan and subscription and you don't know what to do. It's best just to save your money and just keep up with the free plan if there's any. Because it's not worth it if you haven't got a plan yet upon subscription. It's a waste of money if you'll sub on it and you have no concrete plans yet and no idea of what configuration and strategy that you'll do upon signing on it.

Husires

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Quote from: egybitco on July 02, 2023, 09:13:46 AM

1.I have a cornix bot mobile app /14 days trial/ interesting to subscribe to som plan ...what is the best strategy Trading configuration
2. cornix bot intermediate enough or need pro plan

You did the second thing before the first, meaning that you first set a strategy and when you realize that this strategy cannot be done manually, you use the bot to automate those strategies. If you buy a paid bot without thinking about the strategy, it is likely that you will find a time when you paid its price before. There is no single strategy that will achieve your profits, and you must learn how to navigate between these strategies to achieve the maximum possible profits.

pro plan gives you speed in executing orders and more options that you may not need now. Start with the trial version, search for the strategy and try it on intermediate for several months, and then buy the Pro.

as a newbie trader start with

Range trading.
Breakout trading.
Reversal trading.

avoid some advance trading strategy like Arbitrage

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Quote from: nelson4lov on July 05, 2023, 11:05:33 AM

I would advice you to take the long road of consistent studying of the market rather than investing in tools like this. Cornix bot have been around for years now and it was heavily hyped in the early days but it didn't take long before everyone realize that even the best configurations in the bot didn't yield any returns. It might have worked in a bull run but in a bear market, the game is played differently. The earlier you understand this fact the better it would be.

Tools can not help OP to control his emotion and psychology if he is new in this market. Having such emotional and psychological control needs time in the market and it is challenging for newbies.

Mastering the Market Cycle – Mindset and Strategies Livingfromtrading blog.
The psychology of market cycles Freewallet blog.
The psychology of market cycles Binance Academy.

nelson4lov

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Quote from: egybitco on July 02, 2023, 09:13:46 AM

1.I have a cornix bot mobile app /14 days trial/ interesting to subscribe to som plan ...what is the best strategy Trading configuration
2. cornix bot intermediate enough or need pro plan

.Thank you

I would advice you to take the long road of consistent studying of the market rather than investing in tools like this. Cornix bot have been around for years now and it was heavily hyped in the early days but it didn't take long before everyone realize that even the best configurations in the bot didn't yield any returns. It might have worked in a bull run but in a bear market, the game is played differently. The earlier you understand this fact the better it would be.

awik p

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if you are comfortable with that strategy then use it to make a profit, everyone has their own beliefs, but everyone has the same goal. I think a 14-day trial is not enough, considering that the market can change the trend direction suddenly, especially if we trade with smaller time frames, of course, greater volatility will be seen. therefore don't hesitate to do experiments in order to get comfortable trading in the future

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Quote from: Kelvinid on July 04, 2023, 04:49:31 PM

I'd rather make a trade using my own skill rather than using trading bots as it won't bring me to success.

Skills are the most important above all and all bots or just ordinary trading tools.
Ain't against the automated bot because, in the first place, it will not work if you don't have the knowledge and skills to do it, this is just a tool and you're the one who primarily set up the bot.

Bots can execute trades and react to market conditions at a much faster pace than human traders. They can monitor multiple markets simultaneously, analyze vast amounts of data, and execute trades with precision and speed, which means it works on behalf of you by following your command. This allows for quicker order placement, reducing the risk of missing out on profitable opportunities.

But of course, IMO I only use a trusted and proven automated bot not like what OP mentioned, it's uncommon.

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Quote from: egybitco on July 02, 2023, 09:13:46 AM

1.I have a cornix bot mobile app /14 days trial/ interesting to subscribe to som plan ...what is the best strategy Trading configuration
2. cornix bot intermediate enough or need pro plan

.Thank you

I hope it makes you clear...but this won't gain interest in the community to trade if you don't even have proof that it works efficiently. It wasn't that easy to convince people and click the link immediately, and make a subscription to your business plan. Because even me, I'd rather make a trade using my own skill rather than using trading bots as it won't bring me to success. That is why never expect this will gain more curiosity and interest, better make it clear and make another marketing strategy, maybe it works in different way.

mk4

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Before trading using a bot, maybe try learning how to trade manually first. Trading bots are used to automate some of the things a trader does; it's not something that you just set up once and you run it forever and make money. That's not how it works.

rhomelmabini

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Hard to tell if you want to utilize the bot you're subscribe at or just wanted to hear other opinions. You can actually use both but for me it's still your strategy that matters in the long run and not because of a bot that you stumble upon scrolling on any social media platforms. Find strategy that suits your best interest and trust me that wouldn't be the best one out there but still you're learning something that you can rely on.

Fuso.hp

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One of the most important things in trading is own trading strategy. To achieve success from trading, you must know about and you must have a specific strategy. If you don't have these things, other trading way will not work. Of course, now several mobile apps or bot systems have come out for trading, but if one could only use them to succeed in trading without their own strategy, then the experienced people in the field of trading would not have any value and most of the people would be billionaires. No matter how many modern technologies or systems come out to help trading, you have to be an experienced person in trading before you can take yourself to great heights with some help of that technology.

Doan9269

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Why not make it a point of duty to learn and discover your own best strategy than waiting for others to give you what they do, will they always come to your rescue as well whenever you're having challenges with using those strategies or what, there's nothing hard by any means than everyone knowing it today have already made the sacrifice needed to give it while learning more important things about trading than expecting others to give them directions on what to do next.

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Quote from: egybitco on July 02, 2023, 09:13:46 AM

1.I have a cornix bot mobile app /14 days trial/ interesting to subscribe to som plan ...what is the best strategy Trading configuration

If you completely ask what trading configuration strategy is the best, then it can be concluded that you don't understand how bots work, you should try to explain what strategies are contained in the bot that you have talked about here, so that we can further discuss its accuracy. I can't give much information because to be honest I'm not a bot user, but I'm just trying to learn from several sources on the internet.

Quote from: egybitco on July 02, 2023, 09:13:46 AM

2. cornix bot intermediate enough or need pro plan
.Thank you

I want to know how fast it is to calculate the entry opportunities for your bot because basically all bots have accuracy in open sell, trade and buy. There are also bots that have a working duration according to the bot's price when you buy it. If I'm not mistaken, the pro you mean, does it have anything to do with the price of the bot when purchased?

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I believe that you should instead try dollar cost averaging instead as it can outperform trading bots - based on my experience. Instead of spending on bots, just put in what you can on BTC or your favorite crypto weekly, bi-weekly, monthly, and see your profits rise. And it's less stressful!

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