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Would you rather auto-trade based on an algo strategy bot, or have the bot auto-trade based on a live trader?

Honestly, I haven't tried any of those bots.

But if I'm to choose, I'll choose the live-trader but isn't this the same as copy-trading? And what's with the strategy bot? if you can give more details about the strategies that it has, it will light me up with my confusion towards it.

Needless to say, stop-loss feature is what I needed most and doing trading the natural way is still my best choice.

Copying someone else is not a very good idea in trading,

if enough people start copying a successful trade, you will almost always observe that such a trading methodology will lose its edge and profitability in the near future.

Same is true for algorithmic trading, no matter what your style is, you need to make sure as few as possible people on the planet can figure it out or imitate it...

Bot trading you can auto trade bots on a live trader basis but the risk is higher by using bots the explosion of popularity in cryptocurrency has led to an increase in the number of crypto trading bots available free from open-source platforms or licensed for users in exchange for flat fees it is difficult to determine which of these serves a purpose and which is a waste of time. Manual trading has become increasingly popular among traders of market volatility this allows businesses to stay in control of their business rather than using bots. A properly defined merchant allows businesses to perform manually faster and more efficiently.

No, I don't use a bot for trading because I can not improve my skills and follow the market's current situations. Besides that, I need to adjust the bot every time the market changes the direction, and I think that will not be good for me. The bot can't follow the market without we set it up, and that is why we need to adjust the setting for the bot. I don't want to use a live trader because I don't want to use their analysis without analyzing myself. It is better to manual trade and learns many things related to trading to improve our skills based on the market's current situations.

Auto trading bot is profitable but not all the time that they are reliable. Sometimes they doesn't configure well that leads you for losing your fund. However, it always depends on the trading bot you use because they are tons of unreliable and inefficient bot in the present today. If you don't manage your time well, auto trading bot in live trades is a good choice.

But, I prefer to trade by myself now. I can fully manage my own trading, eventually add up some strategy by my own when needed.

Anyway, for those who wanted to check out some trading bots with reviews and infos, check this out (https://blockonomi.com/bitcoin-trading-bots/)

I actually considered the bot trading as not reliable and not profitable, I've read a statistics before showing that a lot of traders are most likely incurring huge losses using a bot. I do not advise other people to use it because for me it is risky and it is not worth. It is not worth it in a way where you need to pay first before you can use it then you are not yet sure if the bot will give you a rewards or not. I'm a trader who trading by self, I love to read candlestick and chart patterns. I think one of the reason why the trading bot became so much popular is because a lot of people thinks that they can be profitable if they will use it. Actually it is not true because trading bots are not holy grail wherein you will have a sure profit. I'm against trading bots and for those new in the market do not be deceive by other people saying that trading bots are good, it is not good and you will not be a good trader if you become dependent on it. By trading with yourself, you can gain experiences that you can use in the near future in order to become profitable trader.

Is still the best too. You have everything to it but bots have no business with certain aspect that you see in live trading. Example with fresh news that can instantly change the analysis parameters, bots may not be able to handle such trade.

But trying bot on a live trade is risky and reducing your risk size is advised.

Actually, we had a different perspective view of using the automated trading bot.  Yes, you can't completely really on this while you are in trading and still, trading needs your skills and strategies had used not the trading bot will work for you.  With the setting parameters for your position that auto trading bot will execute your open orders, execute stop-loss strategies, and all guaranteed stop would be executed while you are in a break was a helpful tool to do that stuff. 

So, therefore, trade by yourself is good but believe me, using a tool like an automated trading bot is a perfect tool for fast trade execution.

Anyway, that doesn't matter if you will use for live trade or based on algo strategy, as long as you know how to set the bot by your own skills and strategy and speaking of copy trading, that's for a newbie trader only but that's another story.

Well  nothing is wrong with using any of the two. Some posts in here are saying that this or that are risky and not preferable. Yes, it is risky, but not to the point that we justified everything as bad to be use. There are tons of bot that isn't that risk taking in trading, as risk is already involved and normal in trading. Bots are just mere programs that reads and analyze the market and places orders and even based on its readings, in which at first the owner are aware of. Meanwhile, copying live trader is also not a bad idea. There are tons of traders that are just part time traders that has their own different field jobs, in which copy trade is always their best option when they still wanted to earn a little just by entrusting his trades onto the trades of the others.

Overall, I would really bet the use of any  of the two, depending on the situation and the risk appetite of the trader. Use the bot only if you wanted to make trading much easier, yet be aware that it is riskier. And user copy-trade, if and only if you know some trader that are good and you could take the risk imitating both of his loss and gains.

I rather be capable of deciding what the bot does, I do not like it when bots act like "let me handle this" and take everything from me, which some bots do and I think they are just too overconfident with the way things were for me to let them handle what things will be. However when I see a bot that I can change however I want and if it has a great GUI that allows me to understand it easily so that I can change it, I do enjoy them.

I am not using any right now, but when I did, I am not a developer so I used ones that way easy to configure the way I want it to be in a way that someone who has no idea what "sudo su" means can, that is how easy it should be and that is how complex I could be doing it in the indicator part of the sense. This is why I care about bots being able to let me do my thing, just do what I want for 24/7 that's all I want.

For high-level trades, Algo trading is profitable because a single tick can turn a 0.1% profit at the end of a trading calendar day and the scalping amounts are higher if the algorithm works flawlessly. The small trades doesn't worth it because big boys use high-end tech and beating the ping of institutional trading organizations is impossible. For 1 MS speed, they spent $15 mln a few years ago on Chicago, IIRC. Imagine spending billions for making more billions and don't care about the future consequences of using high tech trading methods.

Copying other persons trading strategy is a very wrong approach to trading as a soon to be professional trader or even as a trader of what ever level. What works for Mt. A is most unlikely to work for you and as such, you've got to demo trade for a strategy and perfect it on live. Not copying people's traded or relying on trading other people's signals.

On this note, I'm not quite sure if I should agree with you. Studying candle stick patterns at key areas being the resistance and support has defined entry and exit points for a market and other traders are aware of this which brings them into the market and it's a good thing.

Not trading is good especially when you've got a large account size.

I would be lying if i would say that i havent test out a bot ever since in my trading career and actually i had tried both bot basing of with algo and a live trader.
Asking on which one is best? I would go for algo yet somehow it does have its cons which that you can only find in live trader.So its a balance between on them
but still this do end up on traders preference and you can actually spot out the difference when you do decide to try both of them but generally its just a waste
of time on spending some dime into these things yet it is always better or worth to trade on spot manually.Bot used for automation though but not really
a reliable thing for you to depend on.

I would definitely choose a well-tuned algo strategy if I really have to choose between these two. I think every trader can have his good and bad days no matter how good he is in his trading.
But for me, bots are just a tool. Tools are useful and powerful when they are your servant and not your master.

Correct, now I am seeing that some platforms are including the option of copytrading, which is nothing more but a way to allow you to make the same movements of some of the biggest traders on the platform and this is a huge mistake, as for the most part they allow you to imitate the moment they buy but I do not see anything about the moment they sell which is half of the trade itself, also if I was one of those traders and I discovered that the platform I was using implemented this I will immediately leave it behind as someone smart could figure out my strategy and as you say I will lose my edge because of it.

In that case my answer to the OP is clear I will prefer a bot that trades with a strategy I devised myself, as trading with a commercial bot with a standard strategy has the same problem that I described above of the bot eventually losing its edge as more and more people use it.

Trading based on someone else's trade could sometimes work but it's not going to last a very long time and I don't think that's a proper long term strategy that you can depend on since even the best traders could lose big and more importantly I don't think we have that many good(more than 70% successful trades) traders either.

Don't trust those screenshots that these random traders share in their page claiming it's their 100th or 1000th consecutive successful trade and you should join their channel and buy their premium/VIP membership and such, they only usually show 10% or less of the bad trades they made and even that is just to make their trading history look more natural, in other words only those which are moving the market know where the price will go next and anyone else can only make predictions.

I think it  will be risky to trade by a BOT .I never try it but as i know its a default strategy made by a trader which will act as a bot on trading .But you can loose your money if bot started to get loss .On the hand sometimes you can earn though but risk factor in all time .

I will choose auto-trade based. because live trader will be quite similar to copy trade and so far no one gets rich based on trading according to the decisions of other traders.
I have seen a lot of bots with a pretty high win rate, and betting on it in a short time will be able to make about 5-11% in the first few months.
But my advice is never to invest long term in trading bots. The market is always changing from day to day and the algorithm of trading bot will soon become obsolete.

I think that trading with bot it's quite similar to playing lottery with numbers that already won in some combinations. Bot actually copies some learned moves in the market that doesn't necessary reflect the true situation in the market.
In short I wouldn't recommend bot trading because I don't think that any software can replace that human "touch" and there is no short and automated path to profit. Bots can be used for fun but definitely not for serious trading.

I think it's better to learn on your own if you have some time why not? Instead of getting dependent on a trading bot because you don't know the algorithm of the bot so why not trust them.
Also today there are a lot of learning modules and information you could use so you don't easily lose information.
Another one is in copy trading some of them are using this because it's easy and let someone trade for you but for me, this Is not a good idea you are letting a stranger using your money that has probably might risk and cause If losing. If they made a mistake you cannot blame them or someone because, in the end, the decision is yours.

I highly suggest making a trade with yourself.

I will go with the manual trading instead of using any bot for trading purpose because if we totally depends on a bot i have witness that many accounts washed out in few minutes. If you are using the bot for trading then you must be more conscious as news can affect the market and in any emergency if you trade going wrong you can close it manually.

trading with AI is rather tricky and needs your full attention. you should put a stop loss and also be sure at the AI you are trying to use. but deciding without emotion and just based on data, coding, and charts is an advantage they have against human.

We do all have different preferences and perspective with regards to using bots on doing trades. The decision upon using such tool relies on ourselves and that is our own decision of we think using such tool will help you out on making your trades better and profitable. In my case, I do not entirely using any bot on doing my trades for I entrust the fate of my funds within my own capacity and capability to do trading. Learning from my experience when I was starting trading became my key on what situation I am currently up to right now. I do not rely into trading bots for I trust my own skills and strategies for the trades I do. I do believe trading by your own always open your mind into new learning and make you flexible into such kind of being adaptable on thinking how to deal with circumstances on your own to better familiarize yourself with the market to effectively do trades on your own.

BOT trading is just an optional or just simply a feature on where you can automate up your trades and it doesnt mean that this will be mainly replacing out your full engagement.

Majority does have the wrong perception towards bots on where they do believe that it can help out when it comes to profitability which is a very wrong kind of mindset.

Its always better to do manual trade yet you can really enhance up your trading skills and would really be independent.Some are just too lazy into their trading activity and doesnt
really tend to make themselves better.

Bots work according to certain algorithms and are not able to adapt in time to changes in the situation when various market drops occur. Especially in those moments when factors that do not depend on you and are not under your control interfere with the market. A person makes constant adjustments to bots so that they make a profit, otherwise it will be a loss-making activity.

Some BOT have their own default settings which I think is ok to use but if you want to become more effective in trading, then have your own strategy and used it. I tried once to use BOT before and its really working so if you are planning to use BOT that’s fine just make sure that you know how to use it at all.

Sorry to say for me all types of trading bots are too risky to use, because I have had a bad experience with trading bots.
So for now I prefer manual trading, which is easier to do and can also improve our trading skills. Then the experience of
doing manual trading can be very useful to avoid us choosing shitcoins, because our analysis skills are getting more accurate.

What is bot auto-trading based on live trades, is there any bot that does that or you just mean copy trading? Bot trading is different from copy trading.When it comes to bot trading you’re doing it by yourself and you’re setting the bot to trade according to your settings or based on the settings that it came with.

Since I am not really good at trading myself and that means if I should buy a bot I will definitely be setting it up the wrong, unless the bot is being set up by a professional, but still I wouldn’t trust it. But if it’s for copy trading, you just have to check the portfolio of the trader you want to copy, if you can see so many successful trades, then it’s a signal you should copy them.

Totally agree with this.

Some studies about Copy trading shown it is often less profitable for followers on the long term than managing a portfolio manually by themselves, in average.

Copy trading also raise concerns about pump and dump schemes.

Take "signals" groups on telegram for example:

Leader buy first then give a buy signal to the group, followers copy the trade and pump the coin, leader then dump first and (eventually) send the sell signal...
Often a good bet for the lead but can't really say the same for followers.
Copy trading is looking quite similar to this.

I heard many people that lost important amount of money by using all kind of auto trading bots . They are not created to help you to make money . They are created to make richer the creator of the bot . Better invest that money in your personal skills . Long-term you will be much better.

I never use trading bot so far for my trading system. Trading bot is just a robot you can't rely on it even it will back to your strategy. When you have a good strategy then you have no time to watch a chart per time and you can use it. Bot for me, I just rely on my strategy and I never leave the trade when I still in entry position. Moreover with I choose future trading I can't take my eyes off the chart because I use a low time frame like 1 hour or 30 minutes. So, that is not my style to use trading bot or copying another people strategy cause I can do it by myself and I can prove that I do it.

the easiest way to make a bot and backtest it is to make in TradingVIEW and then automate with Wunderbit Trading https://trading.wunderbit.co/en

you can also find hundreds of free bots in the marketplace.

Most bots actually work on this principle. First, the creators create an algorithm that is able to bring a certain amount of money over a short distance. People see this and start depositing money there, buying a subscription, making deposits.
After a few months, the bot can completely lose all the money, which most often happens, and the creators will explain this by unforeseen market circumstances.

Will be most likely to be the alibi yet people will surely sue them out once their bot that had been created or been set-up did really give out negative or total loss on someones portfolio.
They will just simply tell that the market behave on different matter that do goes out into their algo and that pretty much of it.Then what you can do? You will surely learn that
bots arent intended to make out money in long term or does give out guarantee.People do have just really having some wrong way on believing on things and once they
do able to face up the reality then thats they time they do realize that they are completely wrong.

This is a question made before but the answers I gather are that BOT's aren't much good in trading than trading ourselves. Do some say that they profitable? Maybe not, well, I'm not sure if they are telling the truth.

Just be honest, I'd find no BOT's that are reliable, this machine is also relying on our demand and before it runs, we actually set base on our decision. Having a trading bot or automated trading seems useless if you can make it by yourself. Unless, if you are a lazy trader you can't spend time in trading rather than busy with other stuff. That is suitable for them.

I am bored with bot trading at many exchanges. Some tokens are doing cheating with us. I have some Ledu token and I tried almost one year to sell those in exchange but I failed due to not trading there. I don't know what should I do. But I am tired of checking my order on that website. Nothing changed in the last year almost. But every day I have seen their satisfactory volume on the exchange where all are done with bot.

I do not see bots as reliable way in order to make gains in trading, for me bots are the reason why many traders cannot make profits consistently. The reality is those developers of those trading bots are not really helping other traders,  they are creating it because they can earn money from it through monthly subscription and many more type of payment. In reality, there are no professional traders  that are using bots because they know that it is not really effective. There are no emotions if you will just use trading bots because they are just mere AI. I prefer to trade by myself because I can experience the feeling when I'm trading without using any bots.

I see some bot trading in uniswap via dextools, I rather not to use it , because I don't want to , I want to learn to trade even it will put me all nighter, or I will have losses, still these things can be considered as experience and definitely additional knowledge which I like the most, so why use bots of you can learn from it? if you can do it on your own self  using only laptop or phone.

The experience and the knowledge are important and for me those two are the reason why I do not suggest other people to try or to avail trading bot. I do not know if it is profitable or not but you cannot gain knowledge and experience if you are just relying on using trading bots. I do not know if you can call yourself as a trader where you just being dependent on computer software. Using trading bot is not a strategy rather than it is a way for you to make gains or losses by relying on a computer software.

I don't believe in trading bots, if anyone could program a good trading bot he would probably become a millionaire instead of selling his bot.
And every investor needs his own strategy in trading, copying is not a good strategy.

It depends on the way the bot is coded, if you code that kind of strategy in the bot then most likely it is going to lose, with the difference the bot will be incredibly efficient at losing money which is precisely what you do not want.

However there are many traders that use a system that does not rely in any kind of human touch as you describe it, they trade based on strict rules about the conditions necessary to enter or exit the markets and any trader which such system can easily code it into a bot as that is exactly what a bot in theory should do, the problem of course is that if you make a mistake in the code the bot may end up doing something different than what you thought it should do in some circumstances and lose money in the process.

Bots are now in high demand with the rise of more effective crypto exchanges, due to their aptitude for generating lucrative crypto trades each day. Facilitated with profound algorithms and handled by pre-eminent companies, a multitude of bots are found all over the market with their functions and drawbacks.

Nonetheless, the majority of bots turn out to be scams intended to snatch deposits and account balances from investors. Some dupe investors into signing for deals with scheming brokers. Thus these should be used by trading crypto veterans who would be able to strategically use bots while trading to make the process more efficient. Bots, too, simultaneously make exchanges multiple times a day.

That doesn’t mean, however, that bots are prohibited to rookies. The rookies, with a bot accompanying them, have it easier to make trading decisions because of all the options and strategies now available and known to them.

i disagree. someone who doesn't understand the market and has no idea how to trade successfully to make profit will not be any more successful using a bot. in fact in most cases they lose more money using a bot than if they were trading manually.
the most important thing in being a successful trader is experience and experience is only gained through analyzing the market yourself and making trades that way. otherwise using a script that makes orders automatically with an algorithm that has a low success rate won't give you any experience!

Hello,

There some automatic bots in the market that you can try for 7 days.

I would try to use Arbitrage bots instead of Trading bots, as Trading have always Risks.

One of the most important arbitrage bot is cryptohopper, check it.

since I started trading I have never used Bot trading, I prefer my own way,
by reading several indicators makes me comfortable with it, one of which is reading the RSI.

Bot trading can be profitable at times but certainly not always, same goes for copy trading they are both nice ways to trade and make profits, unfortunately they are not the best way forward, I mean if anyone wants to become a real trader, using methods like this bot trading and copying trading will definitely slow down his growth and will make the person unable to trade without making use of these tools, for me it's better I take the risk, and learn from any outcome I get in return, that will surely give me more experience about how the market works.

This one talks for those who are sensible and who are eager to learn trading and doesnt really care if it would takes long time for them to learn as long they do actively engage with it.
Trading bots and copy trades arent really that bad though but i agree that this will just slow down your progress for you to be a real trader but if you do want the fastest way
and doesnt really like to learn that seriously then majority would really be ending up with this kind of option.Its up to someone though on what path they would choose
but everything doesnt really guarantee profits.

While there are many bots that you can buy there are several problems with them, the first is that as you say there are a great deal of scams in the market and the market of bots is not an exception, you buy a bot thinking you are about to make money only to lose it all by buying a piece of software that does nothing and losses you money in the markets or because the software had a hidden virus and a hacker steals the coins in your wallet.


Newbies can use bots if they want but I think it is pointless in their case, the main advantages of bots are perfect execution of your strategy and the ability to monitor all the markets you like and trade them all the time and as you can see those two advantages do not really help a newbie that much anyway.

You might have a point but the way you compared the two aspects are really different. Building muscles require you to workout and it is similar to working on a gym and working at home that might be a better comparison.

I don't think bots are as bad as people sometimes make them look because all they are doing is automate your trades with the data you enter and the limits you set like stop-loss and other parameters. If you are actually doing large number of trades then bots are a good option indeed because human errors are eliminated and you don't have a chance of making any mistake.

There are some good bots and you can read about them how they work, not everyone who can develop bots is good at trading because developing bots require coding knowledge and API implementation such that the bots are working in tandem with the exchange and placing buy and sell orders for your account, which you input into them.

Right but I would say that if a bot is actually doing copy trading then better to stay away from it because copy trading is indeed one of the worst ways of trading as you are fully dependent on someone else and his success will only bring success for you plus their commissions I guess are involved for copying their trades.

No, I have not any experience with bot trading rather than it is an irritating one for me. Because I have some Ledu tokens and I went to sell them on exchanges after seeing a good volume. Whenever I went to sell those on exchanges I discovered that there has shown fake volume by bot. The exchange use bot trading which gives us fake volume and I tried almost one year to sell those but I failed. So bot trading is irritating for me. However, it can be used for good sides too which I don't know.

What you are talking about is different from what is discussed in the topic. What the exchanges use is called volume wrapping using bots. This is used by a huge number of exchanges in order to display fictitious volumes.
But you can trick the bot by placing orders as low as possible, then those who run the exchange will be forced to buy your coins manually or accept that the price of the coin will be artificially reduced.

Yes, I understand what you want to mean to me. I just shared my experience with an exchange which was not good. In my first sentence, I have already told that I have no experience with bot trading rather than I am still learning bot trading and already found a sites which gives it's customer for many types of bots for trading even if you are not live on internet, you can give some instructions to it then it will manually do whatever you give in instructions. So its interesting to me and I may share my experience after using their service.

You cant say that you would be completely errorless or free of mistakes when you do make use of bots because inputting itself do still have chance for you to commit typos or errors.
When it comes to execution then theres no doubt that Bot would really do the job well done but this would always be for automation purposes.I cant blame out people to have some
negative inputs towards these things but actually they are pretty useful if you do know on how to utilize these things but if not then this would really be harmful instead.
Trade manually and then try to learn things up before tending to make use of some for automation.

Why not try both?

Shrimpy is a trading tool that allows you to automate a strategy using bots or follow a trader. You can even do both in the same account.

Check it out and see what you think: https://www.shrimpy.io/

Free trading bot strategy {code included}
>>> MACD Strategy with trailing ATR stop <<<
https://www.tradingview.com/script/2jDHQAJc-MACD-Strategy-with-trailing-ATR-stop/

I prefer to use manual trading instead of using a trading bot, because I have a bad experience with trading bots.
Several times using the trading bot, eventually in the long run experiencing losses, maybe I can't set the trading
bot that I use. I wouldn't say trading bots are bad, but I find it unsuitable to use a trading bot.

"Bot trading" as it is very unlikely to be profitable at all for a long period of time with sustainable returns, as correctly noted by some of previous commenters.

"Algorithmic trading" on the contrary - can be and is profitable, however, thats nothing what you might have in mind, but it's huge systems developed by hedge funds, banks and investment companies with multi-billion tech (software & hardware) infrastructure, own direct connectivity to the exchange, usage of high-speed Internet (which even not all companies would have access to), usage of AI/DeepTech/ML/BigData/[insert all the cool tech words you heard from media], and same billions US$ spent on large teams to develop, maintain and continually improve the actual trading algorithm.

So now compare your success chance of using "bot trading" for which you pay few hundred $$$ vs. "copy-trading" (the worst idea; if you believe in that trader - better let him manage your money directly) for which you pay subscription fee of few $$ + share profit vs. the actual "algorithmic trading" backed by the teams of some of the smartest people in the world with super-deep pockets.

Oh, and important point - the institutions that utilise "Algorithmic trading" are usually pretty happy if they can make 15-20% annually sustainably... so what's the actual expected ROI with bots & copytrading?..

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I agree with you prefer with trading by manually without use any bot, its not worth because many people just giving offer to buy their bot but not working how to get much profit. Now many exchange market have stop loss position so we can use this option if thing some coin trading want to back on lower price and its working.

If you have enough knowledge about trading and know the correct use of various indicators then you can get good results by manual trading. When you already know enough about the market, you can understand when to open a position and when to close, why you need to use a bot. There are many traders who are looking for different ways in the hope of making quick profit. Those who expect quick profits are often interested in using bots and lose money due to lack of knowledge of proper use.

trading directly relying on skill is better in my opinion. because I think right now when we only rely on bots where bots have an error margin it is more risky, trading bots should only be used as guides and references for our trading.

Doesnt talk about error margin because bots are actually better when executing the commands that had been set by the user itself which means it wont really be making out any errors unless
if its buggy or typically the market had really have some u-turn which basically bots do just follow on whats been set.Overall when it comes to trading then it isnt bad to use bots
but only into those times when we are away from keyboard since you do know on what you are doing then you can set out on bot on what strategies been using compared into
those person who do just use bots without any analysis or knowledge is just simply taking up a gamble.There are pre-built but its always better that you are
aware on what you are doing.

not true, AFAIK people who uses bot for trading daily could have better opportunity than those who did not.
You can't stay 24H and the solution to that is to use bot not to mention if the bot you used is advanced, even many of traders nowadays using basic bot to reduce their work. It's effective if you can use and configure it properly.

While I was reading this, I remember the investment website eToro, they have this feature that you can copy somebody else's stock investments and such.
Do you think they added that to make sure their users didn't earn much money by having tons of people copying the same trades?

Anyways thank you for your reply

Bot trading is only used to seduce naive and ignorant people, the pictures of Bot profit are too attractive, only a few minutes of lack of knowledge and investment, the result was only lamentation of loss on social media, outdated data and outdated calculations, how it is possible to overcome the trading wall with so many factors. It's good that the trading bots have faded and ceased to appear but signal groups have added to that void, some people don't understand how dangerous these options are, they need to be foxes and wolves, instead of sheep in this market.

human inteligence isnt artifical but bots are however it will depend in the algo and the trader if which can do trade effectively because i can rather go for the algo than copy a live trader but that trader isnt performing well In his trades  .
 i havent tried both though but i better like the old school of trading which is to trade manually because i have lots of time and i have some knowledge

Every form of trading (copy, bots etc) have it own risk involving but it all depend on the trader knowledge, how the trader is willing to take the risk and luck because crypto currency trading is risky itself that's why people compare it with gambling.

^ Because all of them are just a tool in trading, they are not actually will work without the command of the traders, it means it needs human instinct to operate those kinds of tools with the power of human skills and knowledge. A trading bot is not advisable for a newbie but it is good if you are an expert in the market but you don't have enough time to spend your time, it will help you to execute in the market even though without you. Nevertheless, gambling and trading are almost the same when it comes to risk but they are different when managing the risk, you can manage risk if you have skills in trading while in gambling is pure luck.

I trade not using bots, until recently I traded manuals, sometimes daily trading and short trading. It takes more time for me,
but I have a lot of free time, so the opportunity to hone my skills in trading is a great opportunity. Sometimes see a trading group,
but that's just to compare my analysis and others. That's it.

I honestly find trading bots risky. I would prefer to do live trading using my own skills and strategies. I guess it would be easier for us to do our own research to learn at least the basics of trading for us to do it on our own without relying on bots. It's better to use our own knowledge and apply our own techniques than copying other's way of trading since there's no uniform strategy in it.

Day traders who are experienced and have enough money which is affordable to lose may go for bot trading but if you are just about to begin your trading career then trading with bots is not for you. Trading with bots is not like trading with an AI its just a bot which executes your orders so if you make mistakes you lose the same thing happen with bot trading as well.

Majority of people are surely hesitant when it comes in BOT trading, most especially those who are experienced traders, yes they can configure it based on their knowledge but they will still rely on their own approach. For me it only attracts newbies who don't have a lot of knowledge in trading and who are willing to take the risk.

Though it is based on algorithms, no one can truly conclude its effectiveness. Therefore a higher risk is always inside a thing that is not fully being used by many. So, if I am being ask, I'll always choose my own approach and strategy of trading rather than relying on a bot. Though I already heard some traders gaining profit using it, no one can convince me to use Bot Trading.

Most people would like to tell that BOT is not good for yourself but if you think you are too much confident about the bot you would like to use it's better if you can set this as a good ROE and got a stop loss. Mostly the bot trading is just used for those people who would like to trade but don't have time.

Also, make sure that is a legitimate Bot trading to avoid getting scam as far as I know there's a trading bot offering right there but I don't remember. It's good if you make a trade on your own to expand your trading skills.

Well, IMHO to understand whether or not to use trading bot is quite simple. Can anyone name a single person who got super rich and stayed wealthy for a long period of time by using "bots"?..

- Yes, there are rich traders, but they certainly don't use bots...
- Yes, there are algo trading houses & investment banks, but they spend tens of BILLIONS on codes, and hundreds of BILLIONS on hardware infrastructure (anyone think can beat that with a $XXX.XX bot?)...

But there's not even a single person or company that made any real money with trading bots for tens, hundreds, or even thousands of USD.

Hope that will help to new traders in saving their time and money and not waste it on any sort of trading bot (crypto, FX, stocks - all same).