Bitcoin Forum

Economy => Trading Discussion => Topic started by: 4Bulls on March 14, 2020, 09:14:57 AM



Title: Fibonacci Bot
Post by: 4Bulls on March 14, 2020, 09:14:57 AM
Hello!

Do you use Fibbonacci bot? This is algorithm designed to automate trading between
Fibonacci levels (i.e. Martingale strategy). You can test it on our platform 4Bulls.com.
Also, we have the special promocode INCOME for the users of Bitcointalk which gives 25% discount for the annual subscription.

Thank you for attention!


Title: Re: Fibonacci Bot
Post by: Mrunka33 on March 30, 2020, 11:11:13 AM
If your bot works, why selling it? ::)
I never understood it


Title: Re: Fibonacci Bot
Post by: OmegaStarScream on March 30, 2020, 12:37:23 PM
If your bot works, why selling it? ::)
I never understood it

A trading bot is not meant to give guaranteed profit. It just help you automate some actions.

If you don't have a decent level of understanding for trading,  then a bot won't be of any help.


Title: Re: Fibonacci Bot
Post by: Savemore on March 30, 2020, 12:51:07 PM
Plotting Fibonacci retracements are subjective,  it really depends on the users on how he/she will plot the fib. I plotting the normal fib with the swing low to swing high, I'm using it for some bounce play. While the reverse Fibonacci retracement, I using it to identify resistance where I plot first the swing high then the swing low. I tried to use Fibonacci bot or the automated fibonacci before and for me the plot is not reliable to use.