Bitcoin Forum

Hi Guys... have you tried Trading BOts for cryptocurrency trading. Here is an article on best Crypto trading bots (https://coinfunda.com/cryptocurrency-trading-bots-bitcoin-autotrading/)
Please share your experience?

I haven't use any bot trading platform so far as I don't like the idea of using it even if there are good benefits that it can bring to all the traders.

Bots are created by human who are expert and professional in trading but the disadvantage of using it is that you will not be able to learn how to trade manually and you will not be able to learn something from it which is not a good idea for me. Learning from your mistake is what makes us more stronger and a good decision maker in the future. 

Good to know there is Gunbot a trading bot which is I currently used. But as of now, I currently stop in trading due to not have enough time because I have an official job aside from crypto trading. I did not say that I am a successfully traders by using bot but there is a lot of advantages when you are using the trading bot and gain passive income in the easiest way. Nevertheless, you can't rely on the bot you need to monitor this from time to time.

I have tried trading BOT on Forex trading, but NO I have never tried trading BOT for cryptocurrency, neither have I picked interest to make use of BOI for my crypto trading because the last experience that I had with Forex trading BOT that I got was a terrible one.

At first I thought I had hit jackpot when I first started using it, and it functioned well for the first 2 or 3 days of using it to trade, and after the third day, the bot went malfunctioning and got out of my control till I lost everything that I had initially built manually, so these bitterness is still what I am carrying that would never make me give in to Bot even if it was specially made by Satoshi. I think you need to just learn to trade on your own, still the best and still the most reliable.

I don't think bot can make you rich if that will give profits then the one who created it will be only using it and enjoying all the benefits.

It can be used to reduce the huge loss but not good for your long term benefits.

You mean EA in forex?I also used that Bot even on the slightest risk management my account was burned to hell when theres news popped out.Put up account on VPS running and after that i didn't tend to go or lean back.I would say that bots on forex and crypto is somewhat different but overall they do still have the same function.
Gunbot is decent one but as been said this do always rely on traders setting on first place because most newbies do believe that there are bots that make magic money.

I have never tried ant bot for trading. But in my opinion, the bot should not be used in trading because it causes loss of time to work automatically but if you trade successfully then it is necessary to understand the trading. If you using any bot it never gives a lot of time profit I think the bot should not be used for trade.

Bots are just pre-programs hence they may fail when a new combination of market condition will be met.
I mean bots may lead you to profits but you cannot expect consistency with them no coder will be capable of foreseeing all the permutation and combination of market conditions.

It would be much better to trade manually or you may use bots to derive your technical analysis up to some levels and final decision of entering or exiting a trade should be a manual one so that you could sustain against all the market conditions.

Most people who I know in trading seriously dislike this automatic or robotic thing, as it’s not something that takes you forward instead it pushes you backwards. So that’s really not something I am too much fond of or even anyone who I know. If still I have to go for Crypto Bots (https://cryptolinks.com/crypto-trading-bot), I will only prefer very top names instead of anything random. As when we take that kind of approach, it will not help us to gain but instead will make us lose.

I have used and currently use Gunbot for automating my trades, and it works pretty well for what it is (something to automate a strategy you've determined to be profitable). I would highly suggest at least skimming through the documentation of whatever bot you plan on using and starting beforehand with at least some knowledge of trading before you even consider using a bot, however-it's going to take time to develop a good strategy, and you can't do that until you know what you're doing manually. You will also need to tweak settings occasionally to keep things running smoothly.