Bitcoin Forum

Hi guys
Any recommended bot only for trading competition event. That bot for creating high volume and can trade on these binance bitmart hotbit kucoin catex bitforex
Pls advise

GunBot is the only paid trading bot that I know safe to use you can find their official thread from here https://bitcointalk.org/index.php?topic=1715214.0

But if you are looking for free open source trading bot you  can check Gekko trading bot from here https://github.com/askmike/gekko

I have never used bots in trading. I guess the bot doesn't help increase profits. for me bots only add complicated, it's better to trade manually.
everyone has a different trading strategy.

depending on what bot is used and offered,
some exchanges do use bots to manipulate trading volumes,
but there are also trading bots that are made to find profits and do real trading automatically.

I don't really believe in bots that can be profitable for us if it doesn't get updated on the trend every day.
Because the market is always changing, so must algorithms change over time. If you use bots to trade, then you should choose a paid bot, such as Gunbot. At that time, the programmer will be more responsible for changing the algorithms continuously every day.

Thanks for info


But if can got info bot only for manipulate trading volume to participate trading competition

If I get it right, you want a bot to manipulate trading volume? Obviously bots are being used right now to manipulate the price so I don't know what you are looking for.

Or you wanted a bot that can cheat itself to win a trading competition? It seems that you are a newbie here so I would advise you to learn more about bots first before joining any competition out there.

I've heard people saying trade bots make you lose money though I've never traded with bots before.

there are lots of bots out there so you need to be careful which one to use. trading with bots could dangerous because it cause accounts expose. also the bots are not trusted and not guranteed in trading. it might fail you as well.

This will give a big help.

But @OP, you should not just rely on trading bots all the time, if you have time trying to spare it with and work it by hands. Working it personally will help to gain additional knowledge and experience so you can't be wonder why are losing or gaining.

It looks like the OP wants to join a trading competition. Lol, first rule here is that before you used bots you should at least learn the basics of trading. OP didn't mentioned that he has experienced but lets assumed that he doesn't. So having a trading bot is useless because you will be having a hard time setting up the parameters because you don't have a clue as to what those settings are in the first place.

We can recommend you the best bot, but if you don't know how to play with it, its going to be useless.

i know using bot will make me lost but in a big competition its needed to trade 24hrs with money im afford to lost
Its tired trading in manual ....even have win over 20 competition ,,,but only 1 top trader ..rest top 10 trader

Mostly I have discovered that it’s almost next to impossible for anyone to be making money via using bots. Crypto Trading Bot (https://cryptolinks.com/crypto-trading-bot) is not something that works for everyone, so that’s where one has to be extremely careful about each and everything. I am not going to say that I am against it entirely but I feel there are for sure better options present for one to use and benefit through and kind of that could be run in long distance.

Except he wants to own a personal exchange where he can have bot to manipulate the volume on his sake for other users to see, but there is no bot that can ever manipulate another third party’s application’s volume. People like cheating a lot whole lot and I really winder too why someone would want to look for such a service.

We still understand trading bot because those ones are designed to help before trade on their behalf, and the reason why those trading bots are there is because we have some people that are willing to trade, but because of their activities during the day to generate income, they are limited in doing so, so they look for bot services, but to speak of bot that will manipulate like the way op wants it, I don’t think he will ever get it.

I am using Gunbot trading bot and so far its works fine as expected but keep in mind that bots are not a money magic machine that will generate money for you while you sleep or will trade for you while you are away from from your computer. You still have to do your research and pick the right coin and right settings. It will trade based on the settings you entered. Better look for a bot that has a good after sales service and a community behind it so you can ask around if you are having trouble running it.

They are not complicated at all and can be very useful for people. Cryptocurrency bots allow traders to successfully trade and control their positions with the help of customizable parameters without the need for constant monitoring of market movements. The use of crypto trading bots enhances trading opportunities with a wide variety of assets when using various trading strategies.

I see many exchange using trading bots and in my opinion I could say they want creat hype in market so they can get more investors on exchange I really can't say it's bad for exchange it's there own way of marketing.

Not all crypto bot, there are some bot that are specifically created form the pit of hell to ruin ones business, and one has so much dealt with me, that since then, I hated using bot for my trading and I would rather just learn to make analysis and then trade by myself than to depend on those bot that has bathing to really offer than to do guessing works too.

The way we have so many bad ICO and scam ICO is the way that we also have very terrible scam bot, some of them might work, but they have already inputted some spy software that would be monitoring every detail of the account to the login detail, and this is why till date, I do run away from anything bot, I have only been hearing one of recent that they call gunboat and I don’t think that I would want to try it out.

I don't think bots can help you make better trades over time. Think carefully, if it really works and has great productivity, then people don't need to learn about trading, just deposit money at the bot and it will do it for me.
but that won't happen, because the human mind is constantly changing and making different decisions after the news, so bots can't do well in all contexts.

I don’t really use bots when trading because I don’t think it really helps in increasing profits. Also bots are programmed so that means it will do what is program it to do and crypto market is unpredictable that you need to make adjustments from time to time with your trading strategy.
Crypto trading manually can be very challenging because you have to study everything but it is way better once you get the hang of it, unlike if you depend on bots that you didn’t make yourself then I think it will only deprive you from learning.

I am not sure about this but from some groups I review, some people are still showing off their assets every day increased through the use of bots, so there are some reasons for me to think that bots can be profitable for us but provided that it works properly and correctly. However, I also don't like using bots when bots are like you said, we use it too much it will turn into abuse, if bots happen problems, we will damage and lose control when we don't know the facts and management in this market

Actually, on the contrary, there are some bots that are actually working fine, it is just that we have lost of very bad bots in the market, getting a bot that works perfectly well is not easy because of them are bots created to scam people or bots that has malware inside them to steal people's fund from their wallet while they think that they are trading, but when you get a very good trading bot, you will surely see the difference between them and human being trading.

Bots are very fast in calculating and they are indeed faster than human being. When I was first introduced to cryptocurrency trading, I had also zeroed that there may never be a good trading bot which I actually indeed came across lost of them, but there is this one that really stood out, and that is gunbot.

not recomended using bot whenever you make or buy exspansive bot because it also can make your money lost.. im prefer to find trainer in real.. its can help more... ;D

Yeah there are really a lot of bots out there that is not profitable as I've also tried a lot. I think it is more important to create your own strategy that you backtested. In my case I formulated my own strategy transformed into a trading strategy indicator in tradingview. I'm currently integrating it to be auto-traded by a bot since its past performance is good. If you guys wanna give it a try I can give you an access to it :)

I don't trust bots after all so I do not have any plan to use it anyway, there are a lot of statistics saying that there are only few people who consistently earning through the use of trading bots. It is still better if we are the one who trade and not to use trading bots especially if we want to become advanced trader. Experience is what we need to get and we cannot get enough experiences if we will just use trading bots.

Yes, actually huge choice out there.

Apart from Mudrex, I mostly like cryptohopper (https://bitcointalk.org/index.php?topic=3138285.0/).

first time i heard ppl need trading bot for those competition, i think no need.
Because trading bot need cost your money but not guarantee to win your competition one.
No suggest to use trading bot unless u want do some charting analysis in your consideration for trading decision.

if there is a free trading bot maybe I will try it.
so far i don't understand how much profit from trading using bots.