the effectiveness of trading bots depends on a variety of factors, including the quality of the trading strategy, the accuracy of the algorithms used to execute trades, and the ability of the bot to adapt to changing market conditions. While some traders have reported success using trading bots, others have experienced losses and other issues.
and i really wondering if bot vs bot which one will lose and which one will win, or there will be no winner.
Topic: What you really think about trading bots? (Read 1412 times)
When you heard that term for the first time, you will expect that a "bot" will just simply trade for you and will give you endless profits. You will think that bots will help you not to lose money.
Well, trading bots really will help you trade as it can execute trades faster than a human does and it does work 24/7 but it doesn't guarantee you to give profits. Trading bots might be helpful for those traders out there while executing their trades on their own, but these bots aren't a bot that will not make you lose money. It isn't 100% profitable and there will be times that you might get lose in your trades. Anyway, trading bots are still very useful for some traders out there.
Yeah, I agree but I think there are truly bots which are pre-defined with a working strategy and all we gotta do is to push that trade button for them to work endlessly. Obviously, there is no way that they can guarantee you a secure profits. That will be an easy life for us people if there's such bots that work that way. The reason why is because the market is changing from time to time.Well, trading bots really will help you trade as it can execute trades faster than a human does and it does work 24/7 but it doesn't guarantee you to give profits. Trading bots might be helpful for those traders out there while executing their trades on their own, but these bots aren't a bot that will not make you lose money. It isn't 100% profitable and there will be times that you might get lose in your trades. Anyway, trading bots are still very useful for some traders out there.
Sometimes it is bear and sometimes it is in bull so we also need to adjust our bots accordingly depending on the market conditions. If there's one thing that a bot can guarantee then that would be to give you a freedom as they can do most of the trading work for you.
most of the time because if it does then its true on what you had said that everyone would be doing on bot trading and just let it sit and run and make money on easiest way as possible.
This is why its not really that recommendable for you to heavily rely on it or having those common wrong impressions and beliefs about it.
I am tired of the hype around trading bots. They are so much that you can even tell it will too much work to get it to run effectively. In addition, despite the so called gurus saying that it will run smoothly and that it will not require any technically knowledge, I doubt it. I have followed most these YouTubers to try to use ChatGPT to give me a trading script that works but all to no avail. The best bet is still to keep using the manual human method which is tested and trusted.
I have never used bots, but it is not profitable, in fact, in my personal opinion I believe much more in groups of signals than in a bot, of course this is my criteria because a bot only has programming.
From every point of view, there are people who completely believe in bots, and if they are told that they are AI, even more so, although many traders are very surprised when they are told about AI, an AI is only in beta phase, it is like a baby , I am surprised that there is already an AI and not a quantum computer, I thought I would see a quantum PC first before an AI, this is the pace that the world is taking, for now AIs this is what is most fashionable right now.
Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these
bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.
Do you know the reason while i dont encourage a novice in trading not to desperately use trading bot to trade, because i find out that bot those not have accurate stake in and especially for day trading and nothing like specific amount you can earn. and secondly it requires a subscription before you can as well use the application, so the subscription doesn't have any advantages from my perspective or point of views. So it's better to learn trading and understand the rudiments of trading before you can as well apply using bot measure.bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.
People are getting lazy right now. Most of those experienced traders are now learning how to make a bot so that they can automate their strategy and run it even if they are not checking the chart. This kind of bot is really good to implement, and not those you need to buy it. I haven't tried to make my own bot to automate my trading, but now that it has changed my mind, I want to try one that I will make from scratch. Though on those subscriptions type of bot, I don't know how they work, but for sure, your strategy won't be used on them.
Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these
bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.
Do you know the reason while i dont encourage a novice in trading not to desperately use trading bot to trade, because i find out that bot those not have accurate stake in and especially for day trading and nothing like specific amount you can earn. and secondly it requires a subscription before you can as well use the application, so the subscription doesn't have any advantages from my perspective or point of views. So it's better to learn trading and understand the rudiments of trading before you can as well apply using bot measure.bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.
People are getting lazy right now. Most of those experienced traders are now learning how to make a bot so that they can automate their strategy and run it even if they are not checking the chart. This kind of bot is really good to implement, and not those you need to buy it. I haven't tried to make my own bot to automate my trading, but now that it has changed my mind, I want to try one that I will make from scratch. Though on those subscriptions type of bot, I don't know how they work, but for sure, your strategy won't be used on them.
Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these
bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.
Do you know the reason while i dont encourage a novice in trading not to desperately use trading bot to trade, because i find out that bot those not have accurate stake in and especially for day trading and nothing like specific amount you can earn. and secondly it requires a subscription before you can as well use the application, so the subscription doesn't have any advantages from my perspective or point of views. So it's better to learn trading and understand the rudiments of trading before you can as well apply using bot measure. bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.
I am tired of the hype around trading bots. They are so much that you can even tell it will too much work to get it to run effectively. In addition, despite the so called gurus saying that it will run smoothly and that it will not require any technically knowledge, I doubt it. I have followed most these YouTubers to try to use ChatGPT to give me a trading script that works but all to no avail. The best bet is still to keep using the manual human method which is tested and trusted.
Any trading bots that promise you that you will make profit are actually fake and most likely trying to scam/lure you. Don't "buy" those trading bots. You don't even know what those bots are capable of. They can end up swiping your whole computer!
There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
I disagree. There are strategies that work.
True, they are usually written by traders
Here is my trading bot. who trades. Deals are posted here.
You can check
https://t.me/botforyoumoney
What do you think about trading bots in general?
People talk a big deal about trading bots. But we know that trading bots are just bots. They are programmed and cannot replace experienced traders. They cannot make intelligent decisions as they are purported. Because if they can actually make 10x profits then most people would just turn to them. One other point is that trading bots are not for newbies. It doesn't stop one from learning about trading because to set it up requires some level of skill. For now though, I stay away from it. When you heard that term for the first time, you will expect that a "bot" will just simply trade for you and will give you endless profits. You will think that bots will help you not to lose money.
Well, trading bots really will help you trade as it can execute trades faster than a human does and it does work 24/7 but it doesn't guarantee you to give profits. Trading bots might be helpful for those traders out there while executing their trades on their own, but these bots aren't a bot that will not make you lose money. It isn't 100% profitable and there will be times that you might get lose in your trades. Anyway, trading bots are still very useful for some traders out there.
Yes , trading bots are profitable as long as you can identify them correctly, cryptohopper remains one of the best automated bot trading as you can you can manage all crypto account exchange in one place and also allows you trade altcoins. Like every other trade experience and proper guidelines is expected to make successful trades so as to make profits. Well, trading bots really will help you trade as it can execute trades faster than a human does and it does work 24/7 but it doesn't guarantee you to give profits. Trading bots might be helpful for those traders out there while executing their trades on their own, but these bots aren't a bot that will not make you lose money. It isn't 100% profitable and there will be times that you might get lose in your trades. Anyway, trading bots are still very useful for some traders out there.
I have make some emphasis on this thread before if I'm not mistaken, i believe that bot kind of trading is waste of time and also waste of resources, because bot is a designed programmed machine, and most of them have a subscription terms and conditions, so i believe that seriously, so it's encouraging or encourageable for someone to learn all the necessary implication that will lead someone into the negative side of trading, so trading needs to know the necessary rudiments, so it's better to perform trading manually than using bot application.
trading using bots has indeed been designed systematically by the creators, but the weakness of using bots is that bots do not have the psychology to trade in certain situations and conditions. unless we already understand trading as a whole, and bots are only used as trading assistants, instead of completely surrendering trading to him, because of course there will be big losses when extraordinary events occur, and only human psychology can minimize losses at that time 
I have make some emphasis on this thread before if I'm not mistaken, i believe that bot kind of trading is waste of time and also waste of resources, because bot is a designed programmed machine, and most of them have a subscription terms and conditions, so i believe that seriously, so it's encouraging or encourageable for someone to learn all the necessary implication that will lead someone into the negative side of trading, so trading needs to know the necessary rudiments, so it's better to perform trading manually than using bot application.
Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.
I have make some emphasis on this thread before if I'm not mistaken, i believe that bot kind of trading is waste of time and also waste of resources, because bot is a designed programmed machine, and most of them have a subscription terms and conditions, so i believe that seriously, so it's encouraging or encourageable for someone to learn all the necessary implication that will lead someone into the negative side of trading, so trading needs to know the necessary rudiments, so it's better to perform trading manually than using bot application.
IMO you are 100% right by saying that such tools are not for beginners rather only for expert traders. Only experienced traders should go for it and they are in better position to tell whether they are worthy or not. These days AI based trading bots are available that can do trading like humans (not sure up to what extent they can act like humans).
I would say use them only while you are away not rely on them 100% for all of your trading. If bots can give profit then whole trading industry would be relying on them.
in real use beginners use trading bots more than doing manual trades with their technical knowledge. Beginners only rely on the work of bots to make trades automatically. This will be very dangerous because beginners do not have full control of what is traded. Even though trading bots also use AI it will still be at risk. No machine is perfect, all will experience errors. As a trader, you must also have control over the assets being traded.I would say use them only while you are away not rely on them 100% for all of your trading. If bots can give profit then whole trading industry would be relying on them.
In school kids are not allowed to use calculators in Math exams (in initial grades) just to make them proficient in using there brain to do calculations and figure out the answer. As students move to high grades they are allowed to use calculator in Math exam. Likewise, novice traders should not go for aids like 'Trading Bots' as they are meant for experienced traders only. If you start using Trading Bots from your initial days of trading then you wont be able to learn the art of trading.
Moreover, every trader has its own strategy which a Bot cant use. There is a brain behind every successful trader not a 'Bot', so try to use your own brain instead. These aids should only be used in minimal.
Trading bots are very accurate interms of trading in the market. It's some kind of signal that gives names of the coins to buy either using futures or spot. But most trading bots uses futures trade, which gives the leverage depending on your account size, it's very dependable when you're busy with work and need something that will open the trade and close it for you even when you're not online. Although it have it's disadvantages because you can be using bots for years and don't even know how to use TA and FA which still proofs that one is still a newbie in the space.
Any trading bots that promise you that you will make profit are actually fake and most likely trying to scam/lure you. Don't "buy" those trading bots. You don't even know what those bots are capable of. They can end up swiping your whole computer!
There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
This is true, if a trading bot owner tells you that you are going to make profit for sure, 100% guaranteed that you will be profiting, then they are selling you a lie. Those legit trading bots and their sellers will always tell you that there is a chance to lose money, or a chance to buy something that won't go up for a long time, basically make a bad trade, they do try to keep that into minimum, and they may claim that they are the one that has that as little as possible and best at that, but they will tell you that it could happen.There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
This is why it's already wide open to me that if it could make a loss, so could I, and why would I need it to begin with. I like my own investments more.
The truth is that the people who have used bots to train have not done well at all, they have not been profitable, they are things that happen that are very difficult to do, it is not fulfilled, quite the opposite, I know of a case where they sold robots commercials to trade on binance, and you only had to have money there, and the robot did everything, it had the power to do everything the bot wanted, what I found out is that everyone who purchased the bot lost all their money and the person who brought them the bot or offered it came out as a scammer, so the people who fell are currently demanding that they pay them the money they invested.
Any trading bots that promise you that you will make profit are actually fake and most likely trying to scam/lure you. Don't "buy" those trading bots. You don't even know what those bots are capable of. They can end up swiping your whole computer!
There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
This is true, if a trading bot owner tells you that you are going to make profit for sure, 100% guaranteed that you will be profiting, then they are selling you a lie. Those legit trading bots and their sellers will always tell you that there is a chance to lose money, or a chance to buy something that won't go up for a long time, basically make a bad trade, they do try to keep that into minimum, and they may claim that they are the one that has that as little as possible and best at that, but they will tell you that it could happen.There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
This is why it's already wide open to me that if it could make a loss, so could I, and why would I need it to begin with. I like my own investments more.
Any trading bots that promise you that you will make profit are actually fake and most likely trying to scam/lure you. Don't "buy" those trading bots. You don't even know what those bots are capable of. They can end up swiping your whole computer!
There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
This is true, if a trading bot owner tells you that you are going to make profit for sure, 100% guaranteed that you will be profiting, then they are selling you a lie. Those legit trading bots and their sellers will always tell you that there is a chance to lose money, or a chance to buy something that won't go up for a long time, basically make a bad trade, they do try to keep that into minimum, and they may claim that they are the one that has that as little as possible and best at that, but they will tell you that it could happen.There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
This is why it's already wide open to me that if it could make a loss, so could I, and why would I need it to begin with. I like my own investments more.
Any trading bots that promise you that you will make profit are actually fake and most likely trying to scam/lure you. Don't "buy" those trading bots. You don't even know what those bots are capable of. They can end up swiping your whole computer!
There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.
And you are right on your reasoning, it is common for some traders to see bots as the solution to their problems and that they only need to activate one and watch their account get richer by the day.
But things are never that simple, you need to make sure the strategy you have implemented is correct and there are no bugs, and even then you still need to supervise that the bot does not make some sort of mistake, as it could be the case of the bot not closing an open position and then lose money that it was not supposed to lose, and in that respect your misgivings about bots are not misplaced.
But things are never that simple, you need to make sure the strategy you have implemented is correct and there are no bugs, and even then you still need to supervise that the bot does not make some sort of mistake, as it could be the case of the bot not closing an open position and then lose money that it was not supposed to lose, and in that respect your misgivings about bots are not misplaced.
Bots can make us feel more at ease and save us time checking and monitoring the chart; however, the question is whether they are profitable. You are also correct in that you must monitor it because there will be time that bot will make mistakes. I usually write scripts for my daily tasks at work because I find them repetitive and boring, and I code them myself, but when it comes to trading, this is not a good solution because I need flexibility, which is why I don't use or rely on bots. It is better to trade manually as you can learn more every day in the market.
The only difference is that instead of using the exchange API and generate a trade order a signals bot could send you an email which is linked to your smartphone and you could receive an alert coming from it, then you could watch the market in question and see if there is in fact a profitable trading opportunity waiting for you, and if this is the case then you could open a position by yourself.
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