What's your views on Crypto Trading Bots? Has Anyone tried it?

Wexnident

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Quote from: alex_btc93 on March 28, 2022, 02:40:47 PM

Thanks for the above list.

Did you try any of the trading bots mentioned in the list?
I just want to know how it performs when there is a bearish market?

Pretty sure bots perform depending on how you set it up, so their reactions on a bearish market are always dependent on what you actually set them up to be. I've tried looking up stuff with gunbot, never really got to use it from what I recall since the setting up was a huge pain, but it looked pretty good from what I watched. Granted you'd have to get a pretty good understanding of the market so that you can set up the bot to work for you. Good luck finding what works for you though.

Silberman

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Quote from: alex_btc93 on March 28, 2022, 02:40:47 PM

Thanks for the above list.

Did you try any of the trading bots mentioned in the list?
I just want to know how it performs when there is a bearish market?

A bot will perform as well as the strategy which is coded to use by default or the strategy you were able to code on your own, noting more nothing less, now while we use the generic word bot to describe software which can trade the markets in an automatic manner the truth is that each piece of software has a different strategy, so the only way to know how will they perform is to know the strategy of each bot, backtest it and compare the results, however unless the bot is coded to go short in the presence of a bear market then we can safely guess such a bot will lose money.

goaldigger

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Trading Bots allows you to trade automatically even if you are away from the monitor, this is effective and very convenient to some while others still prefer to trade on their own. I know Gunbot works better here, they have a good default settings for a trader, all you have to do is to pay for the fees and you can be good.

If you have a limited time to analyze and do trading, bots are your best option. Just familiarize with the settings so you can be more effective, this one is good just use it based on your convenience.

Kelvinid

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Quote from: alex_btc93 on March 28, 2022, 03:00:08 AM

Guys,

What's your views on Crypto Trading Bots?

It was very interesting, at first. But understanding the volatility of the market makes these trading bots not going to function effectively, it still needs your intervention and helps manually. If you think OP that it was profitable, I highlighted that these automated trading bots are certainly depending on you coz everything they do is coming for you, in the first place. If you fail, they also fail as there is no such independent idea and strategies these trading bots have. That is why, you have to work on your side first before using this cool stuff, otherwise.

Mahanton

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Quote from: Ryker1 on March 30, 2022, 07:48:42 AM

Quote from: alex_btc93 on March 28, 2022, 02:40:47 PM

^[snip]
I just want to know how it performs when there is a bearish market?

Well what did you expect in a trading bot in the first place?
Did you expect that the automated trading bot will work alone without your command?
A trading bot is based on your knowledge and setups because a trading bot will only work on behalf of you and they are not the money-making machines that can easily gain profit. Plus, perhaps if you are a big-time expert trader, ^{[I repeat, big-time expert trader]} trading bot is just for you because you can afford to purchase it with your extra money. But if you are a newbie, a trading bot is not for you, a trading bot will work under your command and it will make a profit depending on your setup.

Most common impression of newbies on where bots do usually work on this way on which they could make out profits on just simply running it and then wait for them to cash out.
We know that this isnt how it works and sooner or later you would really be realizing these things to be not right and its true that we are the ones who do make out settings
to make a bot running but of course there are still some which are already been set up but it isnt something different for a manual trader to do.
For answering out the question then Gunbot is famous on this market and among the list above i wasnt aware of their existence.

Ryker1

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Quote from: alex_btc93 on March 28, 2022, 02:40:47 PM

^[snip]
I just want to know how it performs when there is a bearish market?

Well what did you expect in a trading bot in the first place?
Did you expect that the automated trading bot will work alone without your command?
A trading bot is based on your knowledge and setups because a trading bot will only work on behalf of you and they are not the money-making machines that can easily gain profit. Plus, perhaps if you are a big-time expert trader, ^{[I repeat, big-time expert trader]} trading bot is just for you because you can afford to purchase it with your extra money. But if you are a newbie, a trading bot is not for you, a trading bot will work under your command and it will make a profit depending on your setup.

so98nn

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Quote from: tbct_mt2 on March 28, 2022, 05:04:02 AM

Other trading bots from [BIG LIST] Crypto Trading Bots.

Trading bots are helpful tools for people to do trading 24/7 and without emotional effects. However, to set up trading bots well, people need to have good knowledge and experience for trading. If they setup bots with stupid indicators, they can not get profit.

Trading bots can bring profit to one person but loss to another.

Ahh, yes the setting up is huge mess I guess. I used to read from gunbot tutorial long back ago but always exhausted myself while reading it. So if anyone trying the bots for trading then they should understand the hectic work behind it. It’s way risky if you end up improper configuration system.

Now, every bit will have their own strategy of configuration.

As far as gunbot is considered you can have simple “Auto configuration” settings.
I think they will provide you with buy-gain and sell-gain settings which will ensure your more gain than loss.

I’m sorry but I have no current idea. However I see that you can have DEMO account to get feel on how their system works. By the way not endorsing this bot, just spreading the word from my experience.

el kaka22

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I have tried gunbot, 3commas, cryptohopper and I could honestly say that the results were pretty wildly similar, like sometimes to the dot, sometimes only a small amount. So it is not about the bot itself, it is about who uses it and it is basically confirmed for me.

If we are talking about me, and I am the one using them, then all those three ended up being similar, pick John and give him 3 different bots and require him to use all three at the same time (so that one bot does not get market movement advantage) and they will get the same result. It is not really about bot being better or worse, it is about them not being different when given to the same person.

alex_btc93

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Thanks for the above list.

Did you try any of the trading bots mentioned in the list?
I just want to know how it performs when there is a bearish market?

tbct_mt2

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Other trading bots from [BIG LIST] Crypto Trading Bots.

Trading bots are helpful tools for people to do trading 24/7 and without emotional effects. However, to set up trading bots well, people need to have good knowledge and experience for trading. If they setup bots with stupid indicators, they can not get profit.

Trading bots can bring profit to one person but loss to another.

alex_btc93

newbie

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Merit: 0

Guys,

What's your views on Crypto Trading Bots? Has Anyone tried it?

https://wundertrading.com/en ( I am trying it now )

Some other Trading Bots are bellow:

1. Pionex
2. Bitsgap
3. Cryptohopper
4. Coinrule
5. 3Commas

And Which I am trying is Wunderbit.

Has anyone used any other trading bots? Leme know in the comments section.

WunderTrading will help you to automate any TradingView scripts into the fully functioning crypto trading bot. With our easy to use automated trading software you can construct and adjust any crypto bot in a matter of seconds

Do Let me know more Crypto Trading bots so that more Users can be benefited from this.

Topic: What's your views on Crypto Trading Bots? Has Anyone tried it? (Read 114 times)