Bitcoin Forum

Had a quick look through the threads. I noticed theres a few trading bots.

has anyone had any success with any of them?

cheers

i doubt it will work though. there are tons of programmers mess up still on forex bots and its likely to happen on crypto.

Honestly trading bot can not makes you rich.. trading bot can be hack your account or get your real information..
Many people are saying trading bot is useless and it can drain your balance instead of making a profit.. better to don't use it if you are just newbie i don't recommend it better to trade manually..

I think theres no success with any of them. The best is you should do the task that you want to do in both because what if they did not do  the both their job. Or they failed because they program wrong. Who suffers this mystake? You also. So if i were you dont use bot. Because there are many advantages of dont using it and theres a advantages of using bot too. But theres more advantages if you dont use bot.

I've written a few bots myself for various exchanges, so you can well consider my words as something even more insightful than the first hands experience. And no, they won't help you unless you have a good strategy. But since a good strategy always involves a good deal of intuition and manual work beyond just placing and cancelling orders (what trading bots do pretty well provided the api is more or less consistent), then the answer is a definite no. On the other hand, if we stop talking exclusively about trading bots, and start discussing, for example, price-tracking bots, the answer is not that straightforward...

In fact, the latter can be quite helpful in checking for an arbitrage opportunity

I really doubt actually bot will work out to be profitable in the long term. May be a short profit here and there would be possible but again the codes needs to be that striaght to get the trading done for buy and sell. Lets see how many have actually used and booked the profit. Let us know your experiences.

the first thing came up to my mind when i read this is leandro trading bot program i don't know what happen to that project i use to follow him before and use his free guide but i don't have luck with trading so i stick with my daily strategy the buy low and sell high in a big margin known alt.

I almost have used a trading bot just now. Good thing that I checked the forum before hastily getting to have it used on trading accounts.

I never tried trading bot but some of them are success and some of them are not its always depends how you manage your trading, not in bot..
The use of bot is to help you easy manage your trading.

I had a trial with 1 bot and when i lost my money (probably my own fault) I did not bother to use it again.
It cost time to learn it and remember it's a bot, so in some scenario's you still will be losing money.

Starting a bot and dully waiting for it to bring in profits is an exercise in sadomasochistic futility

Trading Bot not working on trading.I used many bot but all are useless lose my all money.Bot have their own programming and market not happening as programming.for trading you need experience.only experience help you getting profit on trading.thanks

I really think people misunderstand what a trade bot is. In fact a lot of people in these forums dont even know what bot means but blurt out any old rubbish they feel. It should be pretty obvious that a bot is there to do thongs for you that you can't at the time fpr example you asleep. You dont just turn the bot on and leave it and expect it to do everything you need to first study the market and see what you happy to sell and buy at. Then you let the not do it's thing. But you dont leave it like that forever. You set it up ahead of time. Its the same as doing it manual ota just sometimes you cant be online so they bot has a tolerance that you set so you won't miss a good sell or buy.

Trading bot are the one you set to trade an amount limit the buy and sell order when your not around or asleep it is not going to trade coins for you unless your not going. it is not a set and forget tool.

I like to really explore on the possibilities that trading bot could bring to me, if using this is profitable then I would not hesitate to pay even a good amount of money as long as I can get it back with my profit in trading in a short period of time. Does anyone using it already and if possible can you guys post a proper guide for use beginners.

be careful when visiting a website or worst that than, downloading an .exe file on your computer. you may be downloading a virus or a keylogger that broadcasts your private keys to the owner.

and to answer your question, no bots on their own are not going to make you any profit. but instead the way you use them can be profitable.

Strictly speaking, this is not quite so. If we are not talking about simple Bitcoin trading, options trading bots are doing exactly that (i.e. earning you profits) by waiting in ambush for a small discrepancy between the price of put and call options which allows to earn a limited risk-free profit now and then...

For example, the Box Spread strategy (http://www.theoptionsguide.com/box-spread.aspx) does just that

i have made my own bot and i am quite happy about it despite some bugs that i encounter sometimes. this way i can at least be sure that i am not using a malicious code/website who may or may not try to steal my coins or private information.

p.s. your topic doesn't belong in this board by the way.

you are?
can you show us how it did and which indicators are used by the bot? we're talking crypto here or what? FOREX EA is possible but still bots always have issues as it always depend to the pair, trend and fundamental news which always affect the market.

Is it coded to pursue some sophisticated strategy or it just places orders?

I would be very careful with trading bots, they have access to your bitcoins. Even if they can't withdraw the bitcoins they could purposely lose it. If your looking for a trading bot it's probably best to create one yourself. Successful bots are avaliable to buy but they can be very costly.

if you're looking for a bot with many success stories you can check my C.A.T. bot

https://bitcointalk.org/index.php?topic=507103.0

Distributed since 2013 with more than sixty release, now it works on 14 Exchanges.
If you read the topic or check my feedback here https://bitcointalk.org/index.php?action=trust;u=130152 you will have near 200 positive feedback.

BUT it's not a paper money machine, of course, it will allows you to create strategies : good strategies = profit, bad strategies = loss.

yes it is a crypto-trading-bot for both bitcoin and altcoins separately.
no, sorry but i can not show you anything because as i said i made it for myself. and it is still a developing process. maybe i release the source code on github or something in a few years in the future :)


i don't know about sophisticated strategy, but i am using some things ;)

Yes bots for trading are available and some people are taking work from them, you can see sometimes on yobit flashing a particular coins up or down, but I think we should not have to rely on these coins for our profit from the trade, the better choice will be that we ourselves search about trade and pricing of coins and do our trade with our hands and minds.

And did some things help you make some monies?

I think the bot will not be able to earn us money from these trade as bot do not ave any mind and it do not know that when to buy and when to sell and how much we want to earn and how much we have to earn, so do it yourself.

meh some monies teehee.

Did you hit the jackpot with your bot?