Bitcoin Forum

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

No, I haven't used trading bot, it's not that I don't want to, but I still prefer the old and traditional way.

Besides, I understand that if order for someone to really take advantage of a bit, you should be at least an intermediate in trading. Because there are a lot of settings and parameters in a bot, if you are newbie you might get confused. And instead of making money, you will loss it because of bad settings, just saying.

But I'm sure there are plenty of us here who uses bot, and there are different bots around so it will be hard to let us know what strategy they are using.

It would be a dream of most new people to make money in trading by using bots but unfortunately you need to learn few bitter facts before continuing your dream of easy profits. There are many bots on markets and there are lot of people from this community using those bots but none of them proving themselves a threat to the fame of  Warren Buffet, a billionaire who made most of his money from stock trading and investments. I mean to say like manual trading, bots also may book profits or losses just a market volatility dependent but with manual trading, everything will be within your control at least.

I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots.

It is not good when we use a trading bot because we don't monitor it.

As a newbie in trading. No, I didn't want to use any bot's especially in trading because for me being a good trader doesn't use any bot or any kind of fraud to surpass others and earned more money in trading. So that I didn't want to use a bot, I want to use my own brain and some techniques that I know and will help me to earned in trading.
Using trading bot is not a quite sure that it wouldn't have any errors instead of doing a manual trading and maybe results to loss of money if it encounter an error while trading.  
 

That is one of the main purposes of trading bot.
But there are also some disadvantages of using trading bots, just like you really don't know why bot is executing those trades unless you set some methods for your bot, I already saw some bot like that.
And if you are a newbie just what you said, it's really not advisable to use trading bots just what you said, learn first how to trade before using those.

The conclusions make a good point, I am considering a bot use and looking success rate references

Though the door is not yet closed, I'll just stick for manual trading for the meantime

Agree on the easy money dreams, get your hands dirty instead

Trading bots tend to disappoint in the long rum. It's like gambling for the most part. They can provide a small prpfit or a huge loss. They don't really have a proven predictive ability. Most just provide the toolset needed for users to develop their own 'config', which is just another way of saying "you pay us so you can get the liability while losing money".

As a newbie, it's highly discourage, trading isn't that hard as people make it look. Basically all you're doing involves buying a coin at price A and later selling that coin at price B, how hard can that be?. Where you might encounter some difficulties is in predicting when is best to buy and when it's best to sell and that's when educating & equipping yourself with the necessary skills and information to predict the market comes in handy.

Relying on bots isn't any different from giving your funds to some random stranger on the web to trade for you just because few testimony has shown engaging yourself with such trader (and in this case, BOT) has been successful. The risk (disadvantage) is much more than the advantage of patronizing them.

Like others have said, learn the process, it's more enjoyable and beneficiary than patronizing any bots. Personally, I haven't traded with any bot although I'm not saying they're totally wrong or scam but majority are since the space is unregulated.

I am manual trader because i can't get good setting for bot, my friend said that "you must  create your own setting" so until now i prefer to use manual trade. And i think with manual trade i am not rely my investment in bot and only to myself.

Did you have a circumstances where you're busy at work, doing your profession and you don't have time doing trading? It is hard to trade and at the same time working with your profession, that's why some people prefer to use trading bot and their feedback about using it is always good. Although it is hard to manipulate your account without bot, trading bot is always there and willing to help you anytime you want to trade, no matter what ot when. If you're busy, just use trading bot and input the strategies you want so you don't encounter any hard time using it.

To be perfectly candid, I would like to say that trading bots are a big risk to everyone who uses them and also at the same time people everywhere who want to trade themselves. It is a great thing that they are so easy nowadays that even a 10 year old can install and use it, however that doesn't change the fact that bitcoin is a marvelous but unpredictable thing that people can't really know what will happen, so whatever the bot does is the thing you tell it to do and since you can't possibly know what to do, your bot won't know what to do neither.

No bot in the history of mankind worked as in "put money on your account and click start, collect profits", that is not possible and will never be because different markets require different algo and that is where human intervention is needed.

Honestly, I don't trust trading bots. To my opinion they can't help you in some significant way because I don't believe they can't replace human thinking and decision making as well as fast adaption to new situation in the market. You will not make profit just because you will use bots, that is for sure.
It's your decision to use bots or not but at the end you will probably be disappointed.

It isnt really bad to make use of bots for sometime specially if you are away from keyboard because not all the times we've been facing our monitor all day unless
if you are an active trader then its considerable but using bot does really help on some cases but totally not ideal if you rely on it.

Sometimes ive been using bot when im away or on transit.Settings would really vary or depend on the user because if you dont know on what you are doing
then pretty sure you would burn your entire balance.

No, i don't use trading bot or i haven't any favorite one. And i don't recommend anyone to trade with bot because it's always risky for your asset. I think always monitor/trade personally your asset is the best idea. May be you can earn some profit in first time but end of the day you'll risk your asset. If you really want profit from trading then you should be learn How it works (https://www.bitdegree.org/tutorials/cryptocurrency-trading/).

Hi! I do not use earning bots (but 3commas probably is a good one)

Personally I highly recommend a risk monitor and stats reporting assistant. This is the only app I use and it helped me to increase my profit a lot.
It controls risks at several accounts (not like a stop loss, it has more options) and makes advanced reports.
Here it is  - https://www.bitinsure.com/

No,I don't use trading bot because I am afraid of trading bots.I saw many posts there so many trader claimed that trading bot is shit ( maybe some are good I don't know).They losts there money because of trading bots.After reading so many bad reviews I don't use trading bot's and recommend peoples for using trading bots.Try to trade manually.

I don't think how gambling can be considered as trading when using bots for trading, because the bot is doing nothing but creating buy and sell orders on exchanges and for gambling the bot just goes against a house edge so doesn't make sense to me.


Well I sort of agree with you but then once you have learned the art of trading then actually it's best to use bots and automated scripts, I mean if you cannot make your business on auto-pilot mode then it's not worth investing time in it.

I see bots as time saving units that would do nothing but save time as we enter data in the bot so it's obvious the bot is not gonna make decisions of its own.

No, I don't use bots for trading because I feel it is not easy to always stay in front of the computer to monitor the bot run even if we already set the parameter related to the current market. Sometimes, we need to adjust the bots because the market is moving up or down, and we cannot always use the same strategies. Besides that, we need to know how to make a fast adjustment with the movement of the market because if we are late to set the new parameter, we will be late to do something, and that can make us get lost.

But using the bot will help us to automate the trading process, and if the market does not move too fast or too slow, then we can do another thing while we can back to monitor the bots. But still, I prefer to do manual trading because I can enter the market if I see there is a chance for me to buy or sell the coin.

I never used bots before I like to do it manually I like to keep my eye on my money.
I don't want to rely on bots I want to learn from my experience.
We could learn more things and enhance our skills by doing it manually.

You are the best? Hmmm nice to hear. How much time you are taking for your trading on regular basis. If you find time to share about your strategies and other plans that would be a big help for his community. Many trading aspirants here including me, are deliberately looking to find methods for profitable trading, when we are finding anything fruitful, we are slowly moving to bots.

Few bots are good in my experience but you need to watch them time to time to modify the parameters according to market fluctuations. Some other bots need your approval for entering a position and this way you may minimize your losses. But, people are looking for fully automated way of trading but in my experience, hybrid trading bots are somewhat profitable.

I use a trading bot, gun bot starter, it helps me to trade even when I am not infront of my pc as long as my pc is online, my bot will trade for me based on the settings that I entered. One thing that newbies need to understand about trading bots, its not a get rich quick machine. It will not select a coin for you. Is still you who needs to check which coin to buy and which coin to sell in your portfolio.

Right now, I don't use bots because if I am using bots, I cannot learn how the market changes, and I cannot get something to improve my trading skills. I know that using the bot will help me to automate the trading process, but I cannot have a chance to get better skills. Besides that, if I use the bots, I will need to monitor the bots because the market will always move to somewhere that I cannot predict, and if the bots cannot be set correctly, then I will not make a profit.

Trading bots can't really help you from improving your strategy because trading bots was only made to help you managing your time and your portfolio while you are away or don't have any time. Trading bots will not really help you to have a successful trade, that is why it is much better to trade manually because it will help you to enhance your skilss in trading for you to earn more profit.

To be honest, a trading bot is not advisable to the beginners because they don't know how to play the market, it's better for them to have a manual execution of trading. Also, probably they will get hacked of trusting their exchange API to the third party bot.

But, if you are an expert on the market the trading bot is very useful for you. It allows you to place orders on your behalf by predefined and pre-programmed rules, so you don’t have to do it manually. It will analyze market actions such as when the buying or selling point needed. So, your execution that time will spend is to make faster and it will automatically be executed and generating profit even while you are sleep.

I also may advise avoiding using free bot service, there are high chances that they don't seem to be trusted.

Personally, I don’t use trading bots because firstly, bots works based on what the programmer set it up and we already know that bitcoin can be very unpredictable and the factors affecting the price isn’t the same always and sometimes it’s a combination of factors. Secondly, bots cannot make changes on the trades right away unless if the creator changes it right away. However, bots can also be good for those who doesn’t have all the time in trading just make sure you chose the right and best bot for you.

Not really I use any trading bots but I past I used to have a few scripts which would execute orders for me, then with time I realized human intelligence cannot be neglected and since I have a lot of spare time, I usually never use bots. By the way talking of bots you may want to try gunthar's gunbot if I am not wrong it's pretty good I never used it though.

Mainly when in past I used bots, that was to buy BTC for a certain price and sell it when the price goes up, some people call it setting orders but I never set buy and sell orders instead I used bots to do that, but personally I suggest to do trading of your own.

Artificial intelligence can't really replace human intelligence because we are more precise and practical when it comes to trading that makes other traders don't trust these bots. Automated trading is really not the best option or solution for every traders because no one has become successful in trading from depending to it.

AI been just created by human itself so i dont see that it would go far way more better compared on a human beings reasoning and other aspects.
Using trading bot isnt bad yet we know that we do love automation and all goes or depend on users choice on how he do wants for that bot to execute orders.
The only wrong into this one is that most people do really have that common perception towards bots that it can give out money to them without
doing much effort which is really very wrong.

With respect to currently available computing technologies, artificial intelligence will not be possible and what we have achieved so far is only machine learning. Based on sample data, machines may repeat a similar work and nothing more than that. Artificial intelligence is a term heavily misused in the place of machine learning.

Bots are at the bottom line just program codes and the efficiency of a bot is simply based on the coding of its programmer. I am not sure why people are risking their hard earned money by simply believing into some coder's strategy and plans. There will be no easy money in participial world and OP is looking for easy money thorough bot trading, it may end up in big lessons by paying big fee.

Trading on its own is a complex thing, why make it more complex with automation. Except you're the programmer of the bot, it's highly risky putting it up on your platform to do the trading for you. I know of someone who got a bot to trade for him but ended up losing money until he shut the bot out to save his capital. The bot would make him money then lose some. Make a few dollars then lose a huge one until he yanked it off his platform.

Please be careful for the words you use, I mean using bots for profits does not mean we are doing any sort of fraud because the same task that the bot is doing can also be done by us humans, the bot is doing nothing but making the process faster and easier for us. As humans we do make mistakes and to avoid such errors a lot of people use scripts/bots and you cannot really call them fraud.

Unless you are using a cheap code that's available on internet, you usually get no errors and problems with scripts and while I am not a big fan of scripts but I see no problem using some to avoid our errors either.

I find it always risky using trading bots because sometimws, the market movement is so different that anything can happen as a result you may lose significant amount. That's why I like to trade mmanually.
Trading bots are good for project which have a strong liquidity and already an established project.

Trading bots or Artificial intelligence is good and it is made by the human for us to help and lessen are work in trading but the thing is it is just a programmable bot in which it will just do what the programmer says to do so, the fact that it is like that is kind of hard because if the market becomes so down then the bot will not decided on what it will doing unless the programmer design it as like that. Bots are just for those projects that has a high liquidity as like what you have said.

I was also always very curious to know how these people using Bot are doing, as I don't see anyone posting their profits and successes ... I suppose Bots don't make high profits. I got to read several threads about Bots but they all have one thing in common: I don't see people posting that they have high profits. That's why I prefer to trade personally


this is the main disadvantage of Bot, at the end of the day Bot cannot replace people

I dont use a trading bot , but i am learning to develop a strategy and get a bot developed since i am pretty new to trading bot there are many who develop trading bots but i want the bot to work on my strategy lot to learn , i think future bot trading will increase everyone wants more profits and wants to automate trading 

Don't think it seriously bud, Bots have its own market program where it acts accordingly base of the signal that has been fed to it. If you are just started to learn to trade, it is better not to prioritize thinking of using Bots in the future but rather to consider first to understand that market flows and its behavior. You'll be there soon and could also realize how these trading bots could help you or to find its advantage and disadvantage. Then you can decide acquiring this or stick into manual trading.

Because most (possible) successful traders aren't using this thing. They become successful because they manage their trades on their own and not possible that you be like them if you are good at trading or this place is suited for you.

No never ever. Artificial intelligence is always risky and dangerous. For trading you have to field work and the more you will work here you will be gainer. If you want to be a successful man here trading you have to do field work in crypto exchanges and you will be gainer.

best of luck.

What for using bot trading and how many percent get chance with profit in trading when using bot? if still the same I am look happy if using trading with manual and control by my self, if not worry have to make analyze when using bot trading.

Unfortunately, I have not used any trading bot in the past because I did not think that I have to use a bot for trading or I need to use it.  ;D if you really want to know how it works and comparison between some trading bot I will ask to visit and read carefully this thread, [Comparison; Tutorial; Profit; Settings] 💙 Trading bots and SUPPORT BOT 💙 (https://bitcointalk.org/index.php?topic=5098436.0)

Correct, this application helps people who understand the system. If you know how to program your bot and you have strong knowledge about
situational events from the market, it's giving you advantages not to fully use your whole time waiting for your position being executed, the bot
will work according to what you intend.

I believe that you must be fortunate for not using any bot for your trading. Because, we have not heard any trader sharing like they have became millionaire by using bots for their crypto trading. But, we have seen many people are sharing like they are using bots and there is no big improvement in their profit levels.

So, I believe it will be always good not to waste money in buying any bots for trading purposes.

Possibly trading bot is profitable just for the short term and of course the opposite is true for a medium and long term, and it will certainly  disappoint you if you consider it as a main plan and to be honest I have never used it before, and I think the newbies should avoid it.
In additon to that, I only trust the old or traditional way for trading in crypto, but it may help in order to reach my goals but it is certain that without strategies you can't earn any significant profit due to that market is pretty unstable.

According to the reviews of many traders, not a very large number of users use the trading bot, and if someone resorts to the help of such software, then they will not use it for too long, because the results will still deteriorate over time.  I prefer to analyze the cryptocurrency market myself and the graphs of price fluctuations of the coins I have selected, in order not only to improve my income, but also to get much more experience from trading.  Nevertheless, my friends very often advise me to use the trading bot in parallel with their activities, so that the trading bot is engaged in certain assets without delay and delays that I can allow.

I realize that saying "artificial intelligence" makes the bots look cooler and I would honestly want something like that but what we are forgetting is that most of the "artificial intelligence" we talk about is basically machine learning, so they are not thinking to themselves and figuring stuff out in the way that a human does, we still give them some parameters and they change stuff according to what works and what doesn't work.

So, I would say they are still worthless when compared to human traders but at the same time not everyone can be good enough to be a full time trader, which means trading bots are good only if you do not have the time and if you are not a good enough of a trader to do it full time, so there is a niche amount they can be useful for.

I do not really feel that trading bots are only good for projects/coins with strong liquidity. Trading bots works on the strategies we provide and we indeed need to make huge research about the strategies before we could set it onto the bot so the high volatility of price would only give us profits.

Setting up a trading bot would never make it easier for you if you make no research on the coin you invest. Several coins have the potential to move from the dip to the peak within few minutes considered on day trading so trading bot can easily make profits from such price movements as it might not always be possible for us to watch the graphs go up and down.

I think using BOT during this time will help us to make very good profits but should only use 10% of assets to do this because you are not always lucky. In addition, this market is constantly volatile and it is not sure what will happen next so be careful when using it. Personally, I am using BOT but will only use it when the market enters a bull phase because it is the best time.

there is no need for me to use Bot because i don't really make Daytrading instead i am more on Holding so only one strategy,Stay strong ,trust Crypto and don't believe in FUD.

though i have some  friends who's having Bot in their trading activities .
because we need to trust our self more than we trust Bot or other people,because this is our money and we are the one who must care about it,but for those who has a lot of time in front of their computer and looking for extra profit so they are using Bot to at least manage their trading without them in most time.

Right, using your experience in trading is enough to win a trade, I personally think bot is a tool that will help you trade on different circumstances but I really don't recommend it since some bots have a fee attached to it. Gaining experience on every trade is a good earning not by just winning a trade, Winning or failing you will earn something from trading.

I never used any trading bots but I think it would really help a lot specially for those who have limited time to watch the market.
I am planning to try it out in the future when I become more busy with my family and some business.
I don't really want to quit on crypto so I would just use bot when that time comes.

Not yet. Trading bot is totally a new chapter for me as i am a beginner.

Trading bots are usually made to lessen the physical work of continuously speculating the graphs as the bot we set onto the exchange would do this work on our behalf. Trading bots make work easier and hence most of the active traders prefer using trading bots. Now, it entirely depends on you about which trading bot you would like to select.

There are a number of trading bots which have different pricing, various features, etc. Depending on your requirement you can choose a reliable trading bot. I prefer using telegram trading bots like cornix as it is much easier to access and I can place any orders within fraction of time so it gets reliable for me. You should try to find your own reason behind using the bots and choose a bot accordingly.

I actually used a trading bot several times, but ended in failure. Sometimes in my opinion between trial and use the premium
results like different. I don't know if anyone else is experiencing the same thing. That is definitely trading bot not really automatic,
we have to do the settings first. So the danger is when the market suddenly changes the bot to do mistakes that made my capital
run out. Since then I decided to do manual, because trading manual much better in my opinion.

Hello,

I am new member of this forum. I do have extensive experience trading cryptos with bots. I would personally definitely recommend automatizing your trading with bots eventually. For me trading bots have several advantages:
They trade 24/7
Don't have emotions
Bots react faster
You can customize them to resemble your manual trading very closely
You can use special tools to backtest and figure out how it would have performed in the past.
And in the end, the crypto market is extremely volatile, which is something you have to be very careful with. With trading bots you can account for this volatility and take advantage of it.

You do have to monitor the bots in case something unexpected happens, but for me personally the pros outweigh the cons.

Nope, I never used it I believe on my own skills and strategy.
And I want to keep it that way besides one simple mistake from setting it up could actually ruined your balance so I would rather do it myself to enjoy it than to let the bot'sdo the job.

I developed my own trading bot and it has been running for around a year. The result is not bad so far. I am also publishing all the trading activities of the bot to https://twitter.com/coinfather_bot .

I also developed another crypto trading support app call Trading Edge (https://www.gettradingedge.com/). Trading Edge notify you whenever the rules that you set occurs, like "ETH/BTC pair formed a Bullish Engulfing candlestick pattern at EMA 100 key level". Create simple rules that monitor the market in real-time and notify you when conditions are met. I believe that by trading through strict conditions, discipline and opportunities will ultimately bridge the gap between how professional traders trade and us retail traders.

Please give it a try and let me know what you guys think.

Indeed, I have never used bots for trading, but my general impression of bots is the information that people often provide as bots don't work effectively, written algorithms seem to fail often and create inaccurate directions, perhaps the groups of whales that manage this market could disrupt these intellect. So in the face of the trading market, we need to use our intelligence to predict the manipulation of others, bots are just pre-installed parameters, they can't cope as flexibly as we do

I don't use and won't use trading bot anytime later. I feel like by using trading bot is just ruining the challenge and you don't get any experience by doing that because it's automatically done by the system. Although, people are fine with it because it's easy to use but I think you can't have full control to the market and you might miss something that have been missed by the trading bot system.

1. Watch your bot
To successfully trade using the bot, it needs to be managed. It is necessary to regularly check its activity: how well it works in a specific market situation. Keep track of your trading pairs, analyze charts and check the news from the world of cryptocurrencies so as not to lose your investment.

2. Limit risk

Define a limit: the amount you are not ready to lose more. To do this, you can create a separate account for the trading bot on the exchange

3. Beware of scammers

Examine the bot information before using it. Check how long it has been on the market and what reviews it leaves. This can help avoid fraud and protect your money.

Never trust bots that promise you income after depositing cryptocurrency into their “smart contract”. Real bots should only work through your account on the well-known cryptocurrency exchange. You should see all the deals and applications of your bot. The bot cannot independently withdraw money from your account. Permission to execute transactions should always come from you - through the chosen trading strategy.

Top 5 bots 2020:
- cryptohopper
- gunbot
- 3commas
- Haasbot
- Cap.Club

4. Automate your statistics and risks.

Always be aware of what is happening on your account. Install the tracker application to track all the information on trades and analyze them. Set several types of risks and set the function of special notifications that come to you in case of reaching the risk limit.

Software example:
https://www.bitinsure.com/

Trading bots can save time, speed up trading activity and help make a profit. However, you can not leave the bot unattended - they need to be used consciously. It must be remembered that the bot is not a trader. Only a person decides which strategy to use, as well as what and how to trade.

There are many offers for trading bots and that is not a difficult thing to get if you have money, and how can you distinguish between manual and bot trading because even you don't use trading bots and also you are hard to get them. Something that is not trusted when you want to do an experiment but you don't even know the initial steps that must be done.

Actually it is not a big problem. I never used a bot because I had to pay. some bots must be rented and for me it is a bad thing to trade.
I prefer the manual.

Using Bots for trading is not good idea. Hear we don't learn anything but hear we get profits some times losses some times.

In opinion don't use bots for trading. Join some groups which share their genuine experience in trading. Ask your friends which is good choice, how to do trading like those. Those helps a lot.

Trading bot is quite popular but I dont use it. I prefer to do everything manually and besides if you want to learn on your own its not advisable to rely on bots.

But I know someone who created a trading bot to help other traders especially those who dont have time to monitor their trades. They say it is helpful but have not tried it yet.

The answer is no and never happen, only first time and ending with lost. I can't tell what bot I use just one advice " leave " the bot and doing trade like normal trader. Bot look's amazing, we only need to set and relax wait the result. The negative is bot make us lazy to think and have slow respond about fundamental, most bot use technical data. Weekend is bad time for bot and I'm sure all BTT members will give same advice like me.

Please don't bother your self just to acquire and have a plan to use bots for trading. And I don't think that expert will do as well knowing the fact that trading bots couldn't have a good result compared to doing it manually. The good thing about manual trading is that you are developing your self into a better one and become knowledgeable about the market and knows exactly what it the future of your trading journey.

I am not using trading bots whenever I am trading because I believe that human force can be more efficient than the trading bots or Artificial intelligence. This bots are just designed to help the people in so many terns not to just let the bots cover all the work that you need to, so I prefer to trade by myself and not using trading bots although it is kind of hard to trade by myself I assured that it is my decision to trade unlike on the trading bots that on what you have been program on the bots that will be just the one they will do.

It is not difficult to find the bot, you can find in here, and you can get some good bot to use. But still, when you use the bot, you need to know how to run the bot so you can make a profit, but you need to spend more time to set the bot so the bot can run with the market movements. Personally, I prefer to use manual trading because that will help you to learn many methods of trading, and you can improve your skills by learning the lesson, and you will get more information that is happening from the market.

Instead of learning anything it will only make you more confused about how to trade. Personally, I prefer learning trading on your own and don't rely on bots because they only work on what was programmed on them unlike if you learn it on your own you can trade with confidence and ease and the same time you can always change your strategy base on what the situation is. Bots can be good if your busy and you don't have time to trade but trading needs time and it pays to trade using your own judgment.

I didn't use any trading bot. I always like to do manual trade. As a result I have been able to improve my trading skills. Which will give me good results in the future. To trade with a trading bot, you must first need a good idea about the trading bot. Otherwise, the result could be worse.

Yeah, you can find many many bots here but nobody really knows which one is the best. I have tried multiple ones including the most famous ones and I can tell you that all of them are literally the same thing. They just take the TA you give them and trade according to that, simple as that. Does that work? Sometimes, but it is not like some sort of financial wizard that you put in money and get out richer, people get in like that and that is not the deal AT ALL.

You just give the bot your TA that you want to buy and sell with and that both goes through tens of coins that you picked and scans it until it is perfect time to buy and perfect time to sell and keeps doing that. If your TA is wrong then the bot will lose money instead of profit, so there is still always a risk with all trading bots.

I am still using the traditional way to trade despite my awareness of several bots that are available. Most time, you need to get the configuration right before you can make profit. I believe in doing my own analysis and base my trades on these.

Hi mate!
I do use trading bots (tbh I tried really many bots)

They can earn money indeed, BUT
They become ineffective one day due to several reasons (like market state or other bot etc)

That is why I use software to control these bots.

Idk if there are many controlling software but for me Bitinsure (Insurance for your Digital Assets (https://www.bitinsure.com/ (https://www.bitinsure.com/))) application (mobile+web)) works excellent. It is software that improves trading with 2 major functions: automated cloud risk management and real-time statistics metrics.

**Risk management **limits and controls your losses (several trading limits and sends you an alert when one of the limits that you configured is reached. This way you build a sophisticated trading system and keep in control of your funds. You stop unwanted losses and earn more with less time spent.
**The automated statistics** of your trades that can be used for the analysis or hedge fund presentation (if you give money under management). The statistics is recorded in real-time, so you can easily analyze the indices needed in a convenient form and spend your personal time on what really matters for you.
I trade futures on Bitmex, so, it’s really helpful for me! I started earning in a stable way and do not worry about losses. Bitinsure does it for me.

Thus, I use trading bots and controlling software. The results are quite impressive.

Good luck!

One of the most effective trading bots if Fibonacci bot. This is the algorithm designed to automate trading betweenFibonacci levels (i.e. Martingale strategy). This and the other effective trading instruments can be found on 4Bulls platform, for example. Catch the promocode INCOME for 25% discount!

NO!. Actually doing trade as a human makes me feel am in charge and some sort of inexperience bots with programs for execution. As human taking the right decision on trade make me feel that: am doing the right thing no matter the end result from the trade and so far, I have been enjoining doing my trade without any assistance from any artificial intelligent machine. Being in charge give me the full confidence that am not wrong but on focus.

Well, not all bots are bad maybe you’ve rented bots from the worst programmers but there are some that works quite well but being a bot it does not have the ability to adjust accurately base on the current situation because it will only work based on what was programmed. Manual trading is way better because you can make adjustment right on the spot though manual trading takes time you may need to spend hours analyzing it and also learning it.

- Yes, when we rely on our own skills and experience, the confident attitude and the calculation of risks are always in our minds, there is very little confusion with different situations when everything has a plan to prevent and can handle immediately, except for these benefits, perhaps knowledge enhancement is what we get the most, so most people refuse to use bots. There may be some very good and useful bots for the market but the support from machines and programs is limited, no agility and quick handling like humans

The same with you because most of the time I spend all of my free time for having a lot of research and study well for my trading and all of the transactions I made because I'm confident to get a profit and does not regret having mistake because it is better if we made decisions that reflect to the skills we have. Sometimes we have fault by that we can earn more experience and avoid that to the next encounters. Also, we cannot always rely on the bots because some of them has an algorithm that can predict the process of the transaction but still the developer or creator has the opportunity to make some manipulate to the bots still we need to mind it, always trust your self and believe on the things you earn and you can do.

No, I always prefer trading with manual approach. If we do that well then we will be moving to right position. I am working with FreshForex, and that makes manual trading even better to do with the low spreads, fast execution of trades and much more.

Even I prefer manual trading. Bots might not always spot a exact entry and exit points and if ever we configure a bot to make automated trades with some fixed percentage of profits than most of the times we might end up in loss only because the bots would perform buy or sell orders at the wrong point. Humans can make a exact analysis depending on the current market conditions which might not always be possible for a bot to perform.

Moreover most of the times, the markets depends on the fundamental analysis as per we saw with the current market conditions and in these conditions the bots would have made you bankrupt by buying when the price started dumping as most of the bots feel this as an appropriate point to enter the markets.

But at certain point in trading we all require scripts and bots which can facilitate the tasks we are doing manually, I give you an example suppose you are a price trader and you make a purchase whenever price does by 1% and sell off once the price goes up by 1% then you may easily automate this and relax and spend your time on learning more about trading and charts.

I mean bots are there to make human tasks easier and not to replace humans at all, I mean it is us who will enter data into bots so they only make decisions based on that and hence I personally believe that yeah not initially but at some point in trading you always require a bot that can automate the process as much as possible with the trader only putting basic data and inputs.

Undoubtedly, any professional trader who has a certain work experience will trade in manual mode without using a trading bot.  It seems to me that to a greater extent trading bots are used only by those who do not have enough time for this activity or who have a small reserve of experience.  I am just starting to learn how to trade and I still have to learn a lot of information before I get good results from my activities.  But the most difficult part of the job is a productive market analysis, which is very difficult for a beginner.  And if the software of the Trading Bot is really capable of showing results, then the trading bot will make this analysis much better than any beginner.

I have never used a bot.  because to several considerations.

• I once knew my friend was using a bot but he still suffered a loss.
• Setting the bot itself is also difficult.
• And requires paying rent to run the bot.

So from there I think and weigh, before just entering we have to pay rent for the bot.  if the entry is wrong and loses naturally it will be a double loss.

As long as using a bot there is no guarantee of loss, I prefer using the manual.

Personally I don't use trading bots, I only trust myself. Trading bots are pretty various, some of them are not effective at all... Being a great trader means not using bots in my opinion. So, I don't like and don't use trading bots. But, I like trading tools like for example Galaxy Score available on CoinDeal (https://coindeal.com/), some of them are pretty useful.

I accept as true with you i do not usually use bots for trading because i feel handling bots seems more likely to harm Because the bot will usually do the maximum amount as you teach it'll not do anything beyond that and if we trade ourselves  we will analyze the profit by analyzing different places.

The story you've heard is the story of the past, bots really hard to set indicators with amateur skills, plus the inexperience of investors and traders, the opportunity to profitably and perfectly manage our capital is not high, the rent is even quite expensive compared to what it can provide. But let's ignore that sad past, so many signal bots can provide us with relatively accurate indicators for the period right now, the price is not too high and the support seems to be permanent, we can consider using it if possible

Not a bot fan but it will just do as what you set and will not go beyond because it is a robot not an AI. If we could just integrate the AI for trading now then everyone would be neutral, no one will win nor lose. But the thing is AI in todays world is on its early stage, I'm even afraid if we achieve to unlock the full phase of it, maybe it'll doomed us. For me it is still better to trade on your own, aside from you're learning from it you also have the decision and in trading there is no perfect plan everyone should have a turning point when everything does hurt, this is what the bots are incapable of.

Not so, because even those who make trading bots at least they are professional traders, with the experience and knowledge they have, they are able to make this software to help those who don't have much time to trade and also, for those who don't have experience and skills choosing to use a trading bot is the right choice if they have money to spend. That way, there is no guarantee that those who become professional traders do not use trading bots, because using a bot or not is an option and all traders can use it, including professional traders.

Remember that trading bot will not work their own. It was created and perform perfectly just because of traders itself, it is placing and selling orders automatically on behalf of the client who purchased the trading bot. It was intended to help users make profit from connecting this to the user's exchange platform used, while not wasting a lot of their time. It will not work if the users dont know how to execute trading in the market and trading bot is useless.

Trading bot? Does that even work ? I have seen people that claimed that trading bots work but they have not been able to prove that it works. Someone once told me to make use free bots and when I asked whether it worked for him, he just said that it works in some ways lol, what does that even mean?

Bots don’t work, maybe these premium ones that people pay for might be working out for them a bit like 50/50 chance, but the free ones will never work, I don’t think anyone will create a working bot and give it out for free. I prefer to do the trade by myself instead of looking for bots to trade with

I have several times used trading bots and the results are far from what I expected. Most of the results failed, due to use trading bot
does not mean that everything is automatic. The weakness of trading bots often fails when the market suddenly changes. So my advice
is more good using manual trading, it's easier to make a profit. Because we can change strategies according to market conditions,
especially when the market like the last few days suddenly dumped due to the corona virus effect. If we use trading bot, our capital can
run out,but with manual trading we can be more flexible in making decisions.

I have not used a bot before, but I do know people that have tried it and according to them it’s not really worth it. The returns the developers claim you will get is not what you get at the end.

I have seen some devs that comes here and claim a guaranteed return when you use their bot, you should skeptical of such people, they may be lying. One has actually claimed that his bot will give traders up to 8% return a month, but whatever, it’s just that if you want to try these bots you should do so with shitcoins or money that you don’t really need to prove their authenticity.

I haven't used trading bots but I know how it works. What it does is that it executes orders at certain levels you set. It's very practical for those who doesn't have time to execute their positions but for a trader like me, I don't need them. I feel like manual trading execution is still the best. In terms of my time, I'm trading not for too long as it doesn't need to be like that. As long as you know when to buy and sell, your time in trading won't be wasted for granted.

Professional traders don't rely on bots to make their profits. They instead use their heads and knowledge they have on the market. I'm currently not using any bots and haven't used them before either simply because I don't trust the market volatility and for the bots to respond quickly and accordingly

I trade manually in bitcoin and altcoin without use bot trading, I don't know have effective way for trading using bot because so far I like trading normally and trade depend with situation how bitcoin price. I think will be easy when using bot trading but how to get and worth for trading or not.

Trading bots are not good especially if a trader wants to improve their skills and their knowledge. I'm not against about using it but it is better if we are the one who will execute the trade in order to gain experience and not use trading bots. There are now many people saying that trading bots are ineffective and it is better if we will stay away with it. For those who want to try then it is better if you will only put some of your money.

Usually the exchanges are flooded with the bot orders. There are a number of bots being regulated in the current markets. Using bots minimizes our works to speculate the markets all the times. This can be beneficial for us and hence I might prefer you to use bots depending on your previous knowledge about the bot functions.

Bots are not usually easier to understand but might also make profits easier by adjusting trailing, stop-loss etc. You should choose your trading bot depending on the popularity as you would never like to get scammed by a trading bot or even a delay in order might make you face a loss which would be equal to get scammed by the bot.

I've never used a trading bot, and wouldn't trust it with my money. Too risky imho.

Currently im not, but i like to try one of those, the only reason i dont is because you need to know the parameters and fields to be able to see best results. It's very far from what i'd expected it to be like the one i've seen in youtube video.
Where the guy just run the script and automatically the Bot will trade for you. I tried finding similar like that, but it seems you need to have a coding knowledge.

Do you know why bots are risky? There`re good bots, but set-ups ask for bankroll. You can't apply certain set-up with some low amount of money, most likely you will lose more than you will make money. I tried some free trading bots, but I didn't do well with them. I lost some money, luckily not much and I got back to traditional trading, that's better for me.
There are people who make profit with bots, but believe they have a nice bankroll and anyone who wish to use trading bot should be ready to invest significant amount, without it your trading bot will not make you profit.

But, the bots are not doing trades by themselves right? You will be the one operating them and the bot usually only places order for you to avoid human errors.

Although above being said, I also believe in manual trading because it gives me a feeling like I am learning with each trade and I can hold at times when I know a certain coin will rise soon while the bot would just make orders as the market swings so yes manual trading is very good but then big traders always use bots to make sure they can execute maximum trades per day and making sure they use their intelligence to the best effect and not just place orders manually all day.

I don't use bots when trading, I think trading is a very niggling thing, so i lost a lot of money as a result of writing the wrong number once, so I try to be very careful. Using bots is dangerous because it means giving all authority to the bots.

It seems to me that a trading bot can bring certain benefits to traders who do not have specific experience in trading, because even making an analysis requires certain knowledge and experience, which of course is not new to beginners.  And if you use a trading bot, the software of which should not be in doubt, then in this case for a beginner, trading will look much easier.  Although I personally am not a supporter of the use of trading bots, because I myself try to learn all that is needed.

I suggest not to trade bot because this is something that I think is ridiculous and only detrimental. Usually, new traders will be interested in this way because they think they will get profits easily but the reality is reversed. Trading bot will also adversely affect the market.

I do not use it actively and I do not recommend its use, but if I want to use it, I would like to say a few words about my own experiences. Many of my transactions were reflected as loss during the periods when I used a trading bot because a large part of the transactions were faulty buying and selling. I have also made purchases from the peak point many times, especially because software with volume tracking feature usually performs purchases when the volume increases. On the other hand, in case of a possible mistake, I think it is useful to remind you that the accounts using the trading bot made erroneous transactions.

Yeah, that is right if the user is newbie it is not recommended to use trading bot. Using a trading bot is very crucial because you don't know either how to set it in the right position of buying and selling point you might get lose. But once you have ore experienced I think it is easy for you to recognized and analyze the market price. Once you are a newbie I can suggest using an Etoro trading platform because they have a kind of feature that newbie allows copy-pasting the high earner profile's work.

Ehhhh, am not a fan of trading bots because I want it real and original than artificial. Having full control on my trade make me feel comfortable and less worries compare to when you hand over all the responsibility to an inactive and autopilot not.

Some few years back I had some good friends who were actually using paid bot and would run to me for help in trading. This I see for the years we being together that made me disliked the using of bot but doing the trading myself. This had earned me enough in the my career in trade. 

No, I have serious dislike for trading bots. I believe it’s so much better to do manually and I do just that. It’s easier with broker like FreshForex broker. They are truly amazing with their low spreads, high leverage, smooth trading platform and there is 101% Tradable Deposit Bonus, so that makes manual trading super cool.

No and I won't. By using bot you are losing something called experience and accomplishment when you get something big than using bot where almost everything is handled by bot and when the bot does the mistakes then you can't blame someone because of your loss but you :p

I can't talk about that because I don't use bot.

Like many people on here, I do not use a bot as I don't trust their level of precision. I am always to decide when to sell or buy and because the market can be so volatile it's very difficult to rely on the bot to to the trading for me knowing that the little fluctuation could become large profits/losses within minutes.

No, I will not use it, it is not safe
If someone hacked the bot  he can place orders to buy and sell

There are online bots and there are offline bots, if you are scared of using online bots, you can certainly use offline bots as well and they are quite safe, usually too safe.

Offline bots are the ones you download to your own computer, cut of all online connection if you want while setting it up because you can check the inside of it and it is notifying absolutely nobody, it is just a software on your computer, you can give every single information about you in there and nobody could reach it because nobody gets any info out of it. Then you can write your api information into it and connect to the exchange, no middleman, no extra layers, just you and exchange, which afterwards bot starts to work. Not saying you will make money or lose money, just explaining the benefits of an offline bot.

Guys, check out my blog (https://tradingbot.info/category/results/) if you want to see field-tested results with paid packages.

Today I have launched Cryptohopper (https://tradingbot.info/category/results/cryptohopper/) bot and also have tested Bitsgap (https://tradingbot.info/category/results/bitsgap/), TradeSanta (https://tradingbot.info/category/results/tradesanta/) and Quadency (https://tradingbot.info/category/results/quadency/).

Hope that this information will help you to make a decision which bot service to try.

As a rule, it’s not the bot itself that is hacked, but the API keys from the exchange, thanks to which the bot gets account management.
The security of these keys depends on both the user and the security of the exchange. Depending on the access level of the keys, different things can happen, not just buy-sell.

If there is a bot for latoken trading I need it. I want to try to use bots after various methods do not benefit.
I want to try with a small exchange like Latoken.

No, Never. I don't use trading bot at all because bot doesn't have personal memory to give you profit. ;D ;D . Bot only can do which you say to do.
However, the main problem to use bot is you can't lear trading in your life because your are depending on your bot. If would like to be a professional trader then you must trade yourself.

Since joining the crypto world and trading field, I have never used to use any trading bot, and I never think of using trading bots, I prefer to carry out trading operations manually because I think that trading manually is much better than trading using bots

That is not true actually.

You say if you are using bots then you can't learn? That is rubbish I am sorry to say because advancement in trading or any aspect require minimal manual work and the ideal stage is when humans only use their brains and bot automate their actions.

if you are setting data into bots and they are just helping you do the trades then what is wrong with it? You are the one ultimately who sets the data like when to make sell and buy orders and what stop loss to set so there is no way using bots take away your intelligence.

Consider an example you travel with cars does that means we are taken away from the freedom of walking? No, if something saves time than just use it for saving time and energy and use it for further advancement.

I prefer trading in Latoken, easy to predict even though the profits are not large.
I am not very familiar with bot rules, but sometimes I see some users using it.
I think this should be learned again. thanks for the advice

I would say one important part of trade bots that if you are using online ones, you are putting all of your money in danger. Not because the bot company will steal your money, they are making tons of money thanks to you anyway and they do not need to steal anything, this is a very lucrative business that earns people millions of dollars so no need to scam people.

However, it is quite risky because people would want to hack that centralized location and if they achieve it they will manage to take a control of everyone's money and they could pump and dump any coin they want (hard to withdraw them) and take your money away that way. This is why I would say that its crucially important you pick bots that you have to download to your own computer and install it to make it work.

What is dedication strategy?is that the same as what we called Holding?

when you Buy a coin and support this all the way even what form if created in a certain time.

It can grow tomorrow or fall today but the important thing here is that at least we are able to keep the Holding for that specific time that we think our coin will Pump soon.

I never used any trading bot because I do not understand it's algorithm. Most of the bots that I've watched losts about almost 50% of the trade. If that will just be the case, I'll just trade with myself.
Recently, I encountered a trading bot called Bitcoin Revolution, you need to deposit atleast 250USD there. And you can start the bot to trade for you. There are a lot of testaments, they are saying that it is legitimate and they are profiting about 1000USD everyday.

I used trading bot before when I was so busy working with my profession but that's just temporary.

I really don't see myself relying on using trading bots just to earn profit with my assets. I don't trust bitcoin for a long period of time, because market is always changing and not stable enough to give you always positive outcome. Don't rely on those trading bots that has no certainty, and I'm not that confident in using them whenever I trade.

Still manual trading is the best and much effective for me. You can manipulate and have a full control with your asset, you just need to make good strategies and plans. Doing technical analysis is much more helpful so that your actions are precise than using trading bots.

Basically all trading bots concepts were innovated for that purposes like when we are unable to trade yourself due to some reasons then we can engage a trading bot to take care of few of your trading procedures but definitely not for automating each and every steps of your trading.

Unfortunately it seems we are all misusing trading bots because we are letting it to completely take care of all of our trading procedures. This must be the reason why we are unable to find big success out of automated trading.


This is what the final conclusion most of traders are experiencing and sharing after trying bot based trading. I am sure even we are having artificial intelligence kind of enhancements with bot trading, nothing will be changing in the final results of our trading. Because manual trading must be more flexible to and controllable which is completely missing out in bot based trading.

It seems to me that Latoken is not the best place to connect the bot.
And what's the difference? It is important that the bot is not mistaken, that the exchange itself works without lags, that the bot does not do bad things.

And even more important, your API keys are safe.
In addition, on large exchanges there will always be volume for the coin of your choice.

If you want to operate a trading bot, first you have to have a deep idea about trading then there are many benefits to operating a trading bot, You should use trading bots only when you can form a clear idea about trading. Trading bots only work in your absence as in my opinion it is not right to rely entirely on trading bots to open or close trades. You can use it in a few cases if you want.

I rarely use the trading services of large groups, because those bots are not programmed and stable, so sometimes the bots will not be able to make good profits but will probably causing big losses. the fact that billions of dollars of investment funds will certainly have very good bots and of course we will not be able to get such a bot service in the crypto market. So using a bot to trade in the cryptocurrency market is risky, you should consider before joining the service.

Yes, making use of trading bots after gaining sufficient knowledge on trading really makes sense but I guess for that you must know all the coding and strategy part of bot; I guess most bots are not open source based. Hence, you cannot assume how a bot will react for a market condition and it may vary from your technical analysis levels.

I tried few bots for my forex trading and then I stopped as they are not good to make consistent profits. In crypto trading I never tried bots as these days I rarely find time to checking market oscillation and from that deriving trading signals. I guess, probably I am in a situation to go for bots as your suggestion, it seems like that 8).

You need to know more about the service and about the maker of the bot, it's hard to track which service / bot will have a good turned around.
If you have good knowledge you'll be able to monitor and observe what service or bot that will fit according to your emotion, it helps to limits
your stay in front of your device as long as you really knows what strategy to program to your bot.

I heard some trading with bots cost a lot I guess it depends on the program being used, I have read on some telegram group one member said that he pays 1000 dollar for a bot? For me, that is too much just to pay for the bot alone, you can use it for capital on trading already but they are still availing it I guess because they have some money ready to lose, I will never try such things unless I am rich. I have tried automated trading on some platform before but there is no charge I if recall it correctly it was bituniverse I guess it is a different type of bot than those expensive ones.

Actually trading bots are just a waste of money, why do I say so? First it will not help you to become a wise and profitable trader because you are just relying on it so basically there is no improvement for you because you are not using your own mind. Second trading both have fees, you cannot use it if you will not pay some money on it. Third, there are a lot of traders who have low winning rate in using trading bots. It is still better if we are the one who will make the decisions and not the bots.

I never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

I used something half-bot, an expert advisor in MetaTrader 4. It comes with an alarm when certain criterias in the market are shown but to enter a trade I would never rely on a  bot, but maybe I´m just too old-school for that. haha

Courage also will help you become more determined in learning a lot of things in trading.

I don't see myself using trading bots no matter what struggle hits me in my trading journey. I believe that only myself will help me earn big amount of profits and not those trading bots that do not know how to adjust on its own depending on the market situation.

Being a trader, you should always consider your patience and timing on when to perform transactions.

Most of the traders are knowledgeable and using trading bots, but not that knowledgeable in performing manual trading. I want you to know that manual trading is the most effective thing that a trader should practice and improve because when you do that, your technical analysis will become much worth it.

Trading bots are not artificial intelligence involved, so they are not going to think on their own they will just execute the trades without need of our actions all the time, which is very much needed for someone who trade more often but if we are not going to be a full time trader then better look at the market manually and analyze it at the current time to execute trades so you may get more profits on single trade itself.

Trading bots are Artificial Intelligence because they are based on where they were programmed; that is why Trading bots work based on reacting to the market. But trading manually is much better than automated trading because depending on our strategy has more chance to give us a successful trade, instead of using trading bots because it is only good managing our portfolios while we are away.

for crypto trading, I don't use a Trading bot...
I give up with trading bots, I have used trading bots on my forex account, but it is not profitable for me, taking buy/sell positions is less accurate, since then I am afraid to use the trading bot, it's better to trade real-time alone.

It happens when you are new into trading it takes a little time to understand how bots will work and how to enter data into the bot for optimal profits but once you get into trading and get the required knack of trading with bots then actually bots can help you a lot in automatize your trades. The only thing you need to be careful is bot do not have brains so if you made a little human error in filling data then it can erase off your balance in almost a blink of an eye.

I am a part-time trader and gambler so I use bots almost for every task even when I am rolling dice I do it with bots or sometimes the automated betting that is being provided by the casino itself.

You are right and actually emotions while can make you loose more in trade but sometimes emotions can save you too. I was about to sell in March a part of my saved bitcoins when price went to $5k but I have a strong emotion that it will jump back in coming months so I just held my nerve and it recovered itself very soon and if I was using bots the trade would be executed at $5-6k as per the stop loss feature which I am sure I would have used.

Bot scripts are usually for people who are doing large number of trades per day among altcoins like selling/buy eth for minor price change and hence saving a lot of time and also bots increase accuracy but for traders who are doing less number of trades per day I would never recommend bots and scripts.

dang good  for you that you follow your heart and didnt use bots that time   .

  bots really have a different purpose and not primarily built to combat or handle our emotions because that would be funny  . i use bots too on gambling but not in trading and the emotion is still there  . i did experienced to loose and feel bad    .  we should ask the developer of the bot for strats  because they provide it or they have a website/forum for it if ever we liked to use them

When it comes to bots then making use of it would really need corresponding knowledge first on manual.You cant set out everything nor even know how to edit if you dont know on what you are doing.
Its just normal that you do  need up to learn from the basics but somehow we do see already set-up bots that do exist in the market but it is much better if you do know on how to alter things up
because we know that market situations can be different from time to time which means there would be a specific strategy in those cases thats why it would really be an advantage on your side if you do
know on what you are doing.

Trading bots are good, and i use the one for bituniverse; it helps you incorporate atleast over 10 exchange platform including binance, hydax and more; But to be honest dear; bots are not for newbies; you need to be a good trader before you go into bot trading; always do your own research

I don't want to say trading bot is bad to use, but I choose not to use it. Because in my opinion manual trading is still the best for me.
To be honest, I have no luck with trading bots, I've tried various trading bots, ranging from free to paid. In the end it always fails if
used for long term, I even lost all of my capital because I used a trading bot. So I have a conclusion trading bot is not for me.

It seems to me that for a long time it will be difficult to achieve the effect of artificial intelligence from sales programs. I do not exclude that such work is being carried out. but the classic way of trading is relevant and safer.

That was an unfortunate conclusion because if you are going to ask me, a trading bot is good especially when you aren't watching or monitoring the market. But if you don't know how to set up this, that's your problem and I may advise not to use trading bot if you are completely newbie in trading.

But that is a big mistake if you will use free trading bot, that sevice cant performs perfectly in trading. It is better to manual trading than use the free service of trading bot.

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I think you need to know the real meaning of artificial intelligence, if we need to call something as AI then it should have the decision making ability on the own based on the situations but bots just execute the trade orders based on our criteria so its just a bot and it will do what we set them into.

Using a bot makes the trading process easier for us, and periodic ones increase the loss of money. Because sometimes it's better to stop and analyze the market.

Because, bots cannot switch over to different algorithm or strategy based on market conditions and level of fluctuations. This is the reason is you are continuously making trades with the help of bots, then there will be more chances for big losses. Instead of stopping bot and taking time for analyzing market, why not you go for manual trading which must need a better way to trade profitable as per many people's opinion here.


Yes, bots should be engaged only for the limited purposes like you have mentioned for monitoring and making reports on market volatility. Because, if we are doing the same then that will consume lots of time and in order to save time we may use bots just like most other trading tools to improve efficiency.


When paid trading bots itself not performing well across market conditions then how we should believe into a free bot against our hard earned capital. It is ridiculous to risk our capital with free bots :o.

It is not bad that's true, but trading is also not giving 100% profit to everyone mate real talk only.
Though to some of the individual traders, it may help them but majority is not. Because in my own little way
if it is really profitable tools why not all traders must use this trading bot? just asking.

I don't trust bots and I don't use them. To my opinion they can't help you make the profit and they can only be used for fun, not serious trading. I know that traders try to find different methods and tools that could make them trading easier and more profitable but bot is not one of them. There is no shortcut to successful and profitable trading, you need to work hard on that.

Sometimes I use Bot, it helps me to speculate the market situations and calculate the stop-loss value, Bots are helpful to reduce trading losses. I am busy with various things, I can't always sit in front of the market, that's why Trading Bot are helpful to me. You have to know how to set the parameters properly and how to use Bot, It is better not to use Bot at beginner level.

For fun? I disagree. Bot is a tool and can be used and also can be profitable depending on traders setting.I dont know on why you do badly had that kind of comment or insight towards bot but it isnt really that bad
as you described it of.

For now ive been using Bot when im busy and of course you do need to set it according to your likes on how the bot should perform which simply means it is built for automation not a
money making machine on where most people do believe on.

Manual or Automated it all matters or does depend on someones preferences.

Trading bot are not intended for fun because trading bot are specifically intended to help trader carry out trading activities automatically. Trading is not a game like gambling, although when we feel happy when we get a good profit but trading is not a good place to have fun and it must be taken seriously. Sorry if I misunderstood your point.

I also dont use trading botsl in my trading activitie because I dont need them. I dont have many order every day, I also dont have many asset that can be traded at any time because I only have a little capital for trading activities. Due to limited time and capital, I do not trade every time that requires me to use bot and so far I have only done it manually. I think the use of trading bot must be adjusted to the needs of trader, especially time, volume traded and also the number of order to be made. If all three are in small quantities then I think trader dont need bot even though they have never been prevented.

I use CryperBot. My result is +20k$ in two month

I dont really get the point on someone do talks about fun on making use of trading bots yet supposedly you are just watching a bot executing all of the commands given

when you dont do trade manually.This isnt a sort of game for us to talk about fun and as said this is a serious business or investment we get involved into or

simply he didnt just try out to make use of it or doesnt even trade.What you think?


Show your proofs man.  ::)

Using a BOT can never make you big profit because you cannot control any of these transactions and even a small adjustment of the market can cost you money. I used to use the BOT once and it was actually my biggest mistake because at one point I lost more than 20% of my assets in one night. I think it's best to trade yourself, and before you do that, you need to learn a lot of knowledge from good traders.

I still prefer manual trading than using any trading bots out there, most of the trading bots have fees and for me it is a waste of money and time to buy and use it. I prefer manual trading because I believe more to my trading system than in any types of bots. In my opinion, it is a lie to see that there are people who 100% winning in trading bots. There is no holy grail trading bots so for sure that the trader who using it also experiencing losses.

Yet to try bot trading, I believe in doing all the trades myself than using bot. Bot trading can be complicated sometimes as alot of thing needs to be place in order before using it.

Personally, I don't use any trading bot in my experience but I heard about it. I have seen it on exchange. I have some LEDU token which I can't sell from the last few months. I placed sell order successfully but I noticed there has no buy order maximum time but trading is going on. I surprised then I realized that there has a Trading bot which is doing it. But I am still using traditional way for trading as I don't have enough knowledge about trading bot.

It's a different bot where the exchange own it.

In terms of trading I like  idea of using your own traditional way if you are not familiar
with bot, the help of this program will only benefits you when you already have a good
strategy. You can program the bot to work according to your expected market movement.

Mostly traders prefers the manual trading than this trading bots as we know this bot does not guaranteed of winning. We cannot stop others actually if they prefer the trading bot if this is the way that can gives them a profit. We do have preferences when it comes to trading as long you are earning profit. So ideally anyone can choose the manual or the bot on which can generate profit.

No I don't, In trading I still can't get myself to leave it all to a bot, there are some settings I can't get right using a bot so till I get that  I'm sticking with manual.

That's right, but it takes trust to be able to give someone to trade for us. but I also do not rule out that if you want to do your own trade you can at least hone your experience in doing something, because the best lesson is that if we do and make mistakes, continue to improve so as not to make the next mistake.

In fact, I do not mind using a trading bot at least once, because I really understand that the software can do Technical Analysis much better than I do, and it is quite possible that at the first stages of using the trading bot correctly, I will have good results. But the main problem lies in the correct selection of a trading bot, since they all cost a certain amount of money and therefore do not want to throw money away.

I haven't used trading bot my whole life. Although, I have plan to try one out one day. Maybe if they reduces trading stress and safe to you use. But for now, I don't feel safe using trading bots

No, I don’t like it one bit. I believe if we go with doing it that way, it will only make us lose. So we need to be careful. I am always focusing on working manually to help myself gain well and consistently.

I Don't use any trading Bot on exchange site for auto trading. Becouse i am not a professional trader, i am very small trader, professional trader always use Trading Bots.     

I never trusted the bot. And I think if you use it you can lose money.

I'm part of the traders who strongly believe that manual trading is better than trading bots, remember that trading is not just about technicals; 80% of trading success us because of psychology. Do you think you can improve your trading psychology if you will just rely on trading bots? Of course not. Do not also deceive by other people who saying trading bots are profitable. It is not a easy profit and actually I read a data saying many more traders are losing because of it. Manual trading can help us to gain experienced. We can also get a pot of benefits and advantages through manual trading.

You can lose and make money with manual or auto trading! There's just one difference, for trading bot you need some nice balance if you wish it to work fine and all the time, the same is with dices bot for gambling, every strategy require some minimum balance.
I am still for manual trading, it's more interesting when you're doing things by yourself, and I have developed some of my own strategies for my capital and the time I have for trading!

I think manual can still get you some profits just use the stop-loss setting. I haven't used some bots before but I'd like to try one but just for testing yet, what you do recommend guys especially open source one?

I've seen someone recommend gecko bot but it seems it has been left by its own developer, so not a good one I guess.

I never used any trading bot i actually don,t believe on bot trading .Its so thought to predict the market movement and a thousands of chart are creating daily so i don't think bot is useful for trading .Only study and research are the real way to get profit on trading.

Same with me. I don't trust trading bots and I don't believe they are useful and they can help you with profit. Uglavnom you don't have enough experience, knowledge and courage for making decisions, bots will definetely not help you.

If you are bad trading your bot will be bad too, trading bots are not good or bad, a bot is just an extension of you and can only do what you tell it to do.

I see there is a big misconception about trading bots, most bots on the market are Not AI, but algo trading, meaning they follow a set of rules, and execute when the conditions are met.

All you have to do is tell the bot what would you want it to do when your desired scenario is in place.

For example, what is your strategy to enter a trade as a manual trader?

RSI 20, MACD cross over, EMA cross, ADX... whatever it is your entry strategy in your manual strategy just tell the bot to do it for you and it will execute, same apply for your exit strat.

Same apply to your Money management, What would you do if the trade goes the other way? Stop Loss, DCA, Gunbot can even do Reversal Trading wich is buying more Quote with the Quote you already have instead of averaging down with your Base

Now, the bot will do exactly that, but if you keep changing your mind (which you probably do on manual) and adding/removing settings you will lose, same as manual trader losses because he/she can not stick to the rules and freakout.

So yes, the bot is emotionless, it will execute no matter what, but you're not and your emotions will get in the way even with a bot. I've seen many times traders changing strategies and parameters without letting the bot do its work.

I'm talking about a genuine bot with a proven track record like Gunbot, HassOnline, 3commas, or Cryptohopper for example, not scams.

So the beauty of it is that once configured the bot can keep going at it while you sleep, and you don't have to spend all the time looking at the charts.

You can even do arbitrage, something impossible to do manual, the bot can scan the whole exchange 24/7 looking for inconsistencies in the price and take advantage when there is an opportunity to exit at profit.

None of the genuine bot vendors I've seen, ever promise unimaginable returns, magic indicators or signals, but strategy automation tools.

In the end, what you need is one particular type of behavior pattern that repeats itself with some degree of frequency, you set that and the bot does the rest.

This is my personal opinion based on my experience with Gunbot.

Hope it Helps.

It seems to me that Latoken is not the best place to connect the bot.
And what's the difference? It is important that the bot is not mistaken, that the exchange itself works without lags, that the bot does not do bad things.

And even more important, your API keys are safe.
In addition, on large exchanges there will always be volume for the coin of your choice.

I believe a trading bot is meant for people who are lazy to understand how the market works. They are people who do not want to invest their time and energy to gather the right skills and knowledge needed in trading.
Besides, most trading bot have a high loss percentage and it is not advisable to depend on a bot's judgment in market analysis.

I used trading bots occasionally. Just kidding. I prefer to leave my portfolio and asset to my brother than to use bots. I have more trust with his trades compare to what a bot can do. Using trading bots is good specially if you can't leave your trades. But it is better to leave your port in your brother or any person who you trusted and has experienced and knowledge about trading.

I don't use trading bots, I tried them and ended up trading quite oddly, maybe because the settings for trading bots I didn't understand. Trading bots in my opinion are suitable for those who have little trading time, especially for traders who are on vacation and can only share a small amount of trading time. Trading bots also require more information to set up. My experience is like that and I don't know which trading strategy is suitable for trading bots because I think that strategy depends on the market you are going to enter

Not, i don't use trading bot. When i want to buy some coin every follow her volume and pump or down. And handly buy this coin and sell this coin.

This is the advantage of being a developer, you can rectify an existing bot through your own developed bots. As someone who's not using a bot, I say that I have my own way of trading.

But I also acknowledge those professional traders that see a delight in using bots and they're more effective with it.

Many investors that is using trading bot strategy to trade their business always find it difficult to make a good income from their trade. Many people are still like to have interest on bot trading  because of what they heard concerning the project without taking time to study the strategy,if it will be easy for someone to trade and get reward instantly with the process of trading.
I don't have any idea concerning bot trading which everybody is talking about that is a new system, many trader are now using to make a good profit. Is like I will try the trade to know if the system is not to difficult to invest.

Trading bots are not stable, not understandable, not unambiguous. None of them will bring you guaranteed profits.
All you need to know about them is that they should only be helpers in placing orders and interacting with the exchange. Any bot that promises you a stable profit is 99% fraudulent.

If you can setup the trade before using a bot having it is not actually bad idea. There are just traders that afraid using it because they can Wipeout your balance in an instant if something strange happen in a bot .

I am also confused how this bot working of really traders earn a lot of they use trading bot.  I want to heard other traders earnings using bot.

I don't think a bot that makes you wipeout.

There are settings that a user has to set it and if you're too curious about using it, you should. I think there are trial versions of these bots which they give for the users to see if it's going to help them or not for a certain period of time.

A trading bot is a trading-based robot system or software and it follows some signal. If you are a newbie on trading do not use this trading bot. Trading is the art of crypto so first learn and know more details about it. Most of the people use a trading bot because they do not monitor all-time on the crypto market or busy with other works.you can read this article https://medium.com/@victorhogrefe/how-effective-are-trading-bots-really-1684acc1f496

Trading bot for me is not profitable this is the truth, because if it is profitable I am pretty much sure that all traders here in crypto space will use this trading bot. Trading bot is here only for business, so instead of renting them or give some pay, it is rather good to use the payment to trade in crypto platform,.

I haven't find some useful bot so far so as of now I am still in search for a profitable trading bot because trading bots are
very helpful especially if it can help us generate some profits to our target trades.

If there will be few recommendations that the other members about a good trading bot that we can use safely, it will be good if
they are willing to drop it here so I can check it and proceed in using it if I can see that it pass my requirements.

 I used trading bots to see how they work, but you cannot rely on them if you are serious about trading. Better think yourself. Bots can offer you at least strange pairs, and you will finally fail. If it happens, you will also understand that bots are not worth our attention.

Too much negative towards bot but cant you see on whats its actual usage? Its pretty convenient and good thing imho if you are a type of person who is always far away
from keyboard yet bots are way too useful on doing this job in spite of doing it for yourself. People do just really have different approach with bots on where they do believe
that it can really be helpful for them to make money and generate income without doing that much without even thinking that these bots are just for automation nothingless
but people do expect way too much which on the thing that it cant able to do. If you do believe on this way then you'll get disappointed but if not then you will
appreciate on whats the real functionality of bots.

I trust myself and believe that proper attention and information helps to make a better decision. So I don't use any trading bots. Simply keep observing the projects and whenever I feel okay with with any coin I go for it.