Bitcoin Forum

Economy => Trading Discussion => Topic started by: PersonG on August 26, 2016, 03:31:24 AM



Title: Automatic Bots
Post by: PersonG on August 26, 2016, 03:31:24 AM
Hello
I'm a beginner in trading and i listened there are a automatic bots can work for you  :) so please if anyone have experience can inform me about the best automatic bots , trustfully and safe



Title: Re: Automatic Bots
Post by: pooya87 on August 26, 2016, 05:28:48 AM
there is no bot in the world that can do what a human does, and since you are a beginner you should first learn how trading works before using a bot.
bots are meant to make your work easier not do it for you.


Title: Re: Automatic Bots
Post by: xIIImaL on August 26, 2016, 05:37:12 AM
there is no bot in the world that can do what a human does, and since you are a beginner you should first learn how trading works before using a bot.
bots are meant to make your work easier not do it for you.

If we run a trading site then the bot can help you out to simplify the work in your site and obviously bot is just a coding and scripts combines together to execute some specific tasks.


Title: Re: Automatic Bots
Post by: mobnepal on August 26, 2016, 05:41:35 AM
Yes there are few bots which uses trading platform api to place and execute your orders automatically however with small amount of money using bots have no any significant impact. And also there is no guarantee that you will only get profit using bots as what bots do is simple what you do manually but in faster rate. Bots are mostly used to pump and dump coin, and also some altcoin dev use it to increase the daily trading volume with internal trading.


Title: Re: Automatic Bots
Post by: PremiumCodeX on August 26, 2016, 10:31:51 AM
GEKKO (https://github.com/askmike/gekko) is an up-to-date BTC trading bot under MIT license. It supports a wide range of trading sites already including very popular ones like Poloniex. Additionally, you could write simple scripts yourself to automate trades on sites with APIs that are not in Gekko's list. I wrote an on-site Ruby tutorial for beginners (https://bitcointalk.org/index.php?topic=1596662). It should work fine with upcoming trading sites like TuxExchange. I warn you, though, automatic bots are supposed to automate the steps that you would do manually. You still should have the idea of the basics first. Also, I advise you to consider that, in spite of the precise and quick algorithms, there is no guarantee on the amount of your profit especially with small investments.


Title: Re: Automatic Bots
Post by: ethereumhunter on August 26, 2016, 11:47:17 AM
Hello
I'm a beginner in trading and i listened there are a automatic bots can work for you  :) so please if anyone have experience can inform me about the best automatic bots , trustfully and safe



i know there are automatic bots can work for us and i have experience to use it. but i think its not good to use bot, because we can not handle directly into our funds. yes bot will make our trading become easier but for me, i prefer not to use bot, i do with myself, beside that i still in learning in trading so if i use bot, then i don't get any lesson in trading.



Title: Re: Automatic Bots
Post by: Herbert2020 on August 26, 2016, 01:18:36 PM
you either have to code a bot for yourself if you have the knowledge or you have to pay for a bot that is already made and is being sold. i know about C.A.T that is old and have some good reviews.

there are free and open source bots too which you can find by searching on google but i have not yet seen anything good among them.


Title: Re: Automatic Bots
Post by: serjent05 on August 26, 2016, 03:20:29 PM
you either have to code a bot for yourself if you have the knowledge or you have to pay for a bot that is already made and is being sold. i know about C.A.T that is old and have some good reviews.

there are free and open source bots too which you can find by searching on google but i have not yet seen anything good among them.

I agree those that are freely available in the search engine are more likely have glitches and not functioning well.  But  bots are just some simple task doer, no one can beat on hand strategy because there are times which is more often than not that you have to decide and act quickly and bots cant do that.


Title: Re: Automatic Bots
Post by: Dudeperfect on September 03, 2016, 07:15:40 AM
Yes bot can work for you but you should have enough knowledge to train your bots how to trade.

In other words, you should be able to plan strategies in almost any conditions when it comes to trading so basically you configure your trading strategy in programming your bot and bot trades on your behalf as you configure.

To make this simple, I think some sites give your pre-programmed bots where you can deposit money and bots will start trading as per the plan you selected.


Title: Re: Automatic Bots
Post by: JeffBrad12 on September 03, 2016, 07:21:29 AM
Yes bot can work for you but you should have enough knowledge to train your bots how to trade.

In other words, you should be able to plan strategies in almost any conditions when it comes to trading so basically you configure your trading strategy in programming your bot and bot trades on your behalf as you configure.

To make this simple, I think some sites give your pre-programmed bots where you can deposit money and bots will start trading as per the plan you selected.
But it's too bad for using bot trading, they can take an urgent planning if you're in the urgent situation and you can't monitor your both for anytime and they can get an error for anytime.


Title: Re: Automatic Bots
Post by: Pursuer on September 03, 2016, 07:34:57 AM
bots are made to make our tasks easier not do our tasks for us. for that they need to have a complex artificial intelligence and that is not something which is invented yet.
also you need to have some idea about what trading is and what the bot does to use it the best way possible, otherwise you would be entrusting your money in the developer of that bot and the decisions that the bot is making in your place to make you money!