Bitcoin Forum

Hi,
Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

thanks

Bots can be helpful, but using bots while you do not know about analyses will make you lose more than gain. There are many times bots will predict the market wrong. You can use signals, bots or any other things of such, but the best trade you can make is for you to learn, understand, start with low amount you can lose and have experience in trading yourself. Knowing about trading will make you good and better than depending on others. But you have to be very patient and not greedy, it can take you months.

It has not been long I started trading but seriously have not used Bot before but I don't think Bot is the best option when it comes to trading, Bot might be useful but definitely you just need to have idea of trading before you can start using it. Bot is program and anything can happen at any time there might be error sometimes and things like that I will recommend you trade by yourself don't always use Bot.

The answer is very easy, who created trading bot? human, therefore I would say that I'm better than the trading bot.

It's just a system use for to ease the job in trading but it also requires some monitoring as we are talking of money here, no system are perfect. Also, if you want to learn, better start trading by yourself first then try using bot in the long run, at least you have to build your skills and knowledge first, that's a must.

You know the answer by trying bot and trading by yourself.

If BOT is more profitable than you, then the answer is BOT, but for those who are trading with huge money, I don't know if BOT is still reliable.

In my personal view, I believe not using any BOT is easier, and what matters is just to be profitable which can also achieve without BOT.
You'll learn more if you are not using any BOT, so go with what help you to develop your trading skills as trading does not stop since the market does not sleep and you have every opportunity to increase your profit or even make a fortune in trading.

Bots are useful if you set them properly. Manual trading is good too as an actual experience can make you more a better trader.

But the result of those still depends on you.

It won't increase your winning chance but rather bots will just help you assist your trading activity which isn't advisable to do so as you are still a newbie to trading.

One of the things that people have wrong perception towards bot, these are for automation of your trades not totally on having a free will on making profits for you.

So this simply means that you are the ones on making up settings for those bots to follow so basically you are the ones who do set up.So asking out on which one do works better then
its just no sense to ask out.

Bots are for automation but nothing beats out when it comes to Human decision making skills when you do actively trading yet you can change it anytime as youd like to
which is not possible for bot.

I only use Stop/Loss and never engaged in Bot for my daily trading back when i am still active , but AFAIK Bot is useful if you know what you are doing because Bot can't do it alone for you instead you must do it Both.
 and regarding to the profit ? depend on your setting but friends of mine that experts in bot are gaining at least 10-20% each trading but that's not promise you heaven but sometimes there is a Hell.
better to focus on being skillful than relying in Bot whole your career, remember that human Mind is skill is how Bot created , meaning we are still the mother of everything.

I think we can't compete with a trading bot, if the bot has a nice set up and big bankroll! Just check any exchange, and when you see how fast numbers are changing you will understand that you can't be that fast! While I click here and there, numbers change, I try to do all over again, and it's the same... it's just too fast to even follow in some moments, without clicking!
It's why I like to trade mid and long, I place my buy/sell order and I wait to get executed... sometimes mid becomes long, but it's the thing of the patience, you need to be able to wait for that!

Actually, there is no fine line between the use of bot over the performance of a trader - hence you cannot really compare those. Apparently, there's no doubt that most traders and their experience is way better. Bots could never really run well and make profit without the trader's manual setting to it, while trader can use bots at anytime he wish so. Therefore, bots cannot really function that pretty well without the intermediate knowledge and risks adjustments of a trader. One must not engage on using bots, without being a great trader first.

---

You might find little to less answers on what is the monthly profit using bot, as almost no one really relies and risks their profits with it. Take note that crypto is a volatile market, one wrong reading would make you lose tons.

I do not know who will be better, me or bot. But I do not use a bot to trade because I think I prefer to trade by myself and not depend on the bot. I prefer to learn trading to improve my skills. But I know that we can automate the trading process by using the bot, but that will depend on how good we can operate the bot. Maybe you can try by yourself to trade using a bot and by yourself and see the result. If the result is better from the bot, you can still use a bot, but you know what to do later if the result is better for yourself.

I think manual trading is better than bot trading.
Because in manual trading you can change your mind whenever you want depending on market's reaction. But in bot trading you have to assume everything at first and have to set a goal. Sometimes the price can go even higher than what you have programmed in the bot.
Though manual trading also have some risks to bear it is quite good for me.

Bots are human-created algorithms so humans are the best...
I have tried to use several trading robots but none of them were profitable, I don't know if the algorithms are less than perfect. at this point in time, I have never found a bot that suits me, so I think trading on my own is much better.

Exactly what I was going to say but performance wise, I think that bots are going to be defeating the humans not to mention that there are advancements in robotics that it came to the point where a bot can be better than human although technically humans made those bots smarter than us but we are at a point where we can create a robot or AI to teach itself. Maybe if you can record your trading patterns for awhile, you can probably use almost any bots remember that most bots are tweaked base on the human patterns.

I did not use any kind of bot or application that can guide me to trading for the better. but I already gain that gain is enough I once did trading and hold it for a long time and made a good amount out of it.

From reading that previews reply and reading articles of bots handling trading I would still be at the decision of 90% don't use it or rather do not rely on the bot you should really study and 10% yes it can help you but not as good as you if you did how trading works. Even if read a positive comment or reviews on different articles here on the internet.

Stil if you made the decision to use a bot then I would say trade the amount you are ready to lose not the amount that you want to gain profit from the decision on trading big and giving all to the bot is a risk from what I see. Plus, today I don't really use this kind of things application or bot that could help you I want to know about more positive outcomes.

Bots can be helpful, especially on fast markets like Ether - USD or Bitcoin - USD.

But I prefer to trade manually and consider every decision for as long as I have to.

Personally, with my hand on experience, I don't recommend bots for trading. Because you are using some strategy to code bot he is only reading the technical part and working accordingly. But assume that a big crash of stocks or some kind of news comes out then we can see unexpected moves in the market. But Bot hasn't any idea about the situation and he is doing his work according to the code. So you can lose your whole account balance.

One of the cons on using bots is that it would definitely followed on whats been ordered and when there sudden unexpected events in the market then that would really be
ending up on full blown account balance since its been ordered on what to do so which means it would be forcing the position no matter what the market is been doing.

but if you do trade up manually then you can really make out some sudden change of decisions on point which you can possibly stop the losses that you are seeing when
the market is going down.

It does have cons and pros.

There’s a default settings on trading and this might be work for you but its really hard to fully depend on BOT because you should be the one to dictate BOT on what to do while you’re busy. BOT are profitable if you know how to trade properly, but if you’re still a newbie then it will be hard if you skip the learning phase, so I suggest you do your own research and know how to use indicators and use trading bot later on if you already know it.

Trading bots can be helpful if the pro user has applied the right money management settings along with the right trading strategy depending on the market fluctuations. Personally, I don't use trading bots because the fees are not trader friendly to spend more and earn more. There are bot trading specialized crypto exchange services but it is not guaranteed trading bots will give a profit in the long term.
Obviously, the user has to be experienced to use the trading bot in the right way. The trading bot is an automated version of a manual trading strategy. If someone has the experience to use it, the trading bots can be profitable than the manual version of crypto day trading.

There are pros and cons....

Its difficult to tell which one is better, as they both have their advantage and disadvantages...

You just go with the one you are comfortable with....

But as am a very lazy person.... I choose BOT

Nothing beats out Human brain and emotion when it comes on dealing with things and to think that bots are created by humans itself which does shows which one is superior.

Bots are intended for following on whats being commanded or what the instruction.If you are an emotional type of person then these tools would really be helpful.

Not only for you to avoid emotional kind of decisions but also this is helpful when you are away on your pc on where they do execute on things that you would like for it to do.

You can make use and this would really be on situational aspect.

I don't trust trading bot, it is not accurate actually. The person who made trading is just making a lot of money to everyone.
Meaning, in my own opinion is only for lazy people who wants to trade. Aside from that, still if you are lack of knowledge it wouldn't
be good also to use it then, due to for sure it the end you loss a lot of your capital or assets.

Trading bot equals you, there is no better or worse, it is literally you with juiced up stats that's it, it does what you would do but probably a lot more frequently. So if you are a great trader who knows how to read charts, know indicators, make great decisions that means your trading bot will be the same, only difference is your bot will do ig 24/7 and you do not, you have to sleep sometimes and eat and basically give a break, bots do not have that, but everything else is the same.

If you are a bad trader, who loses money, no idea what TA is and no idea about indicators, that means we are going to see a lot of people who will lose money using a trading bot as well, it wouldn't be as simple as you imagine it would be and that trading bot will be trading 7/24 badly as well so could end up losing more money than you want. So, we are talking about just enhanced version of who you are.

Also bots are for people who I think have lots of coins and lose the track of their assets and need bot to keep a track and things like stop loss are important for them. But a regular trader like me would never use bots because all I do is buy bitcoins when the market is crashing and sell when I feel the market is overpriced.

By the way can a user who has used bots can they tell me how exactly bots work? I mean like how do they work on a particular exchange because do the exchanges have any kind of API or something to work with these bots.

Emotions are exactly what makes bots better when dealing with trading, humans are split into an equal part subjective and objective but bots/automations are created to be objective which means that they are better at making technical things that could be a problem when it is done by humans which could be impeded by their subjective aspect which is emotion. I think that the part where you can do trades away from your computer is a good advantage too, limiting yourself to doing just one thing to induce cashflow is not the best of ideas especially with trading where a loss can happen. Bots are a powerful tool but you first have the capabilities to tweak it into your favor, as @stomacgrowls says, bots are intended for following on what's being commanded so if the command is bad then the bot will be bad.

It's actually fine to use trading bots but for what purpose? Reading your post, you are still new to trading so it's not time yet to introduce yourself on that.

For a newbie trader, it's common that you are struggling as you are still in the learning phase. Rather than make things automated, spend time doing manual trades until the point that you now understand the basics of trading.

Using trading bots require advanced knowledge and not just simply you want it to make things better for you. It's also not a tool to increase your profit but rather it will help you assist your trading activity at the exact time you want to execute a certain strategy.

You can refer to these thread regarding trading bots experience:
https://bitcointalk.org/index.php?topic=5244107.0

You are probably making the correct guesses about bot trading because I have not heard of tools like trading bot for a long time, especially in recent years when bitcoin has been so volatile, it makes the bot's calculations and settings inaccurate, gradually traders have removed this tool from their list, the current bot is only used as notice of capitalization amount, sometimes I see some bots on trading orders. However, the effect seems to be contrary to advertising, it is best that we enter directly into the market to have the best practical experience

I do not have the experience to use a bot, so I think I perform well than the bot ;D
If you can set the bot with the right, I think the bot will run as you want and profit for you.
The problem is the commend will be on yours, and if the market change, you need to reset the command so the bot can work to follow the market.
I think our profit will not be the same as the market will always change from time to time, making our profit different.
If you want to use the bot, make sure you know how to use the bot and give it the right command.

I'd be honest I have never been used a trading bot in my years of trading but heard a lot of opinions that they can be pretty useful like it makes your trade easier and faster, to put it simply it provides an efficient trading experience. However, it is still better if you will do it on your own because in that way you will be able to do all the things in the way you wanted. It is also possible in bot trading though by just adjusting the settings based on your strategies but the experience you gain on self-trading is still way better. There's nothing wrong with the use of bot trading, especially if you have limited time to manage because a bot will be more helpful in that kind of situation.

That is sort of true as well, people do have a lot of coins these days when they are trading, but this is not the "only" reason. So, you are definitely 100% right that people do own bots for that reason if they want to, but that is just the only reason because there are tons of people who do not have enough time and work hard on their regular jobs but they know how to trade so they end up with buying a trading bot which would trade 50 coins 7/24 without a stop how they want, that ends up with buying and selling and making them a profit, or maybe even a loss if the market is not doing great.

So, that is why I think it is quite important that we realize there are many reasons people buy trading bots, there are some newbies who buy because they think they can buy and just put money in and start getting rich overnight, which is not really possible but there are some who buy like that as well.

Why do people keep making the mistake of comparison?

The bot is only as good as the software programming it. The strategy it uses is only as good as you the trader specifies it. The execution performance is only as good as the API and server running it.

You should always be better than the bot by itself. But of course, automation is always better than manual.

The question is a bit wrong because the bots also work on your filled data and strategy so I mean the bot is not going to trade of its own, I know some bots like that also exist but that is mainly copy trading because someone has to fill the data and mention how the bot is going to operate.

The bots and scripts are all made to reduce the workload and reduce the errors which we humans often do. A common error I can tell you when trading is, there are various sell orders on the market and you by mistake click on the higher selling bid. It happened to me I believe a few times already so to avoid things like that you can use bots. If you believe you can do it of your own, no need to buy those scripts/bots.

i dont use bot in trading because im not taking trading seriously but when im gambling i use bot all the time because it gives me a feeling that i can win more  .

 i guess im not that strong to believe on my self thats why i hide from using a bot but someday if i became mature on what i do i will learn to stand on my own feet .

but if we set the bot with our own strategy we dont feel bad when we loose . you will feel loose when you borrow a strategy from someone else

People will really find a way on making things more easier on where we do create something that would really be in automation or make our works even more easier

and this is why we do end up on creating something which is really that helpful or beneficial but in talks of superiority then nothing beats out on the creator itself which is "us"

Trading bot is for automation and do find to be useful but people do have bad or wrong perception towards it.Comparing on which one is better is something off.

Just like the above said it's human because we have the freewill and emotion to control what we see or listen and no bots can ever do who's merely created by humans too. Bots are just created to help human to grab some opportunities that human tends to miss due to the inability to do so.

So if you have to choose between bots or yourself, then nothing beats human but also human too in terms of trading. The very essence of trading bots is to help you out on a task that is tiring to wait, watch and execute a certain goal which is taking a profit.

BOT works for me when I’m busy and I dictate his action so technically, I’m far better from any BOT. Seriously, there’s no need to compare yourself to BOT because you guys need each other and we are paying for the BOT to do his job, and of course we are still need to input our own strategies and that makes your trading experience even better.

This is not how using bots works. It's not a profit scheme. It's a tool to set your plan in an exact time.

Since you can execute what you want on a given timeframe, you have a chance to gain steady profits and minimize your losses.

It's not that bots are there to catch some profits for you.

The trading bot will not work unless there is no programmed with the human. I think the best is the BOT or an AI automatically set the trade for you there is no emotions, doubts and regrets about the decision unlike the human there is so many denials and doubts on their mind if they are gonna let go their position or not. No matter what is the best but the aim is the income if you are winning with the Bot go for it but if you think you can handle doing trade why not on your own but the problem is the time this requires allotment.

Both have a particular role in trading, As long as we're able to setup the bot and know what altcoins or crypto we actually prefer and thinks have a potential for growth. We need to program the bot properly setting stop loss and settings that will make the trade smooth or less risky but we need ourselves to be attentive on monitoring the market to know whether the prices will be affected by the economic news or simply the hype of news.

I have not used trading bots but i have heard they may not be useful in volatile market. No trading bot will grantee you 100% profit. Its better if you trade yourself and stop depending upon the bots.
Also bots are not free. You have to pay for the bot with no grantee of the profit. Not a good deal indeed.

The human brain is better than robot, even the trading bot will never have a function because you will make your own strategy as your trading system in your trading bot. The trading is never run automatically at the first, you have to set where to buy and where to sell.

I have ever tried a trading bot, at least at that time I use ut for 1 week but I never comfortable when using it. We don't know what will happen next in the market because the market is running buy many psychology of human not robot, even we don't know an event that happen coincidentally like black swan and etc.

Just trust to your strategy because it just one way to you to get profit consistent not just getting a lot of profit in the short term but you get a huge in the long term. You have to know the market situation in order you stay here for a long time, that is the key for crypto trader. If you are able to stay for a long time then you will get money as you want.

You might be better than a trading bot but you cannot monitor the market trend all the time but a bot is created to analyze the trend round the clock and the combination of your input skills make you a successful trader.

A system cannot be perfect if you have no idea what you are doing with it. Your input and method along with a bot could reap you benefit and bitcoin being a volatile market you can reap a huge profit if you understand the basic.

There's a big difference between manual trading and using trading bot. Manual trading requires a lot of time to lear things like Analysing the market, checking how market conditions evolve, Evaluating the impact of the market moves on the profit and loss of his positions and etc... In short, you need a lot of time to do all that while the trading bot just do it straight away because they're already programmed to do it.

If you want to trade bigger coins like BTC (https://trade.kucoin.com/BTC-USDT) I think it'd be safer to use a trading bot, besides using a tool like that gives advantages like no normal traders can do like how they don't sleep, how they're fast, how smart they are and how they trade without emotions or feelings.

BUT, It’s probably impossible to beat a professional trader. Experience plays a crucial role in managing stress and developing an advanced trading system. Sadly, traders that reach these high level of proficiency are very few. Only a very low percentage out of millions of people trading cryptocurrencies or traditional assets every day are professional.

I have been using trading bots before back when I can't produce a technical analysis on my own. I can say that trading bots really have a good win rate on trades of course it depends on what bot you are using. Trading bots also helped me to hone my trading skills by understanding how the bot trades and adding my own touch to it.
The bot performed well and better than me in my first days but now I can easily gain 1-month profit from the bot I am using before in just 2 weeks or less on my own. I am confident to say that I am better on the bot that I am using before.

Bot is really useful in trading, why I said so, Because bots are created the way a user want it to perform automatically it all depends on the strategy set by the user of bot and cannot be changed unless modified by the user thats the advantage of using bots it can trade anytime 24/7 and theres is no emotion involve with it since its a software a human can be very emotional when trading begins and maybe resulted in bad decision.

But for me, it seems more okay with a trading bot nowadays, because if you consider the speed and convenience unlike manual it will be easier.
Like on kucoin, they have their own trading bot where I tried and traded BTC (https://trade.kucoin.com/BTC-USDT) and ETH (https://trade.kucoin.com/ETH-BTC).

But of course, as you said, for sure a professional trader regardless if it is manual or it is a trading bot or he knows how he will make nice, huge and proper profits.

Have been trading for a while now and using a trading bot has never crossed my mind, cause I still prefer manual trading over trading with a bots, with manual trading you can learn more from your losses and also be proud of yourself each time you make profit, unlike trading with bots which will automate everything you have no idea which trading strategy the bot is using all you just do is click a button and it will start running, the bot might even malfunction someday which might make you  loss alot of money, as a newbie trader my advice to you is that if you want to become a top dog in the trading aspect, stop using a bot to trade cause it will slow down your rate of learning, it's best you stay away from it.

We have to learn first before jumping into learning how bots will be used. Because many people were thinking that bots really work but before they are using this tool, they must have invested themselves in actual trading which is very important.

---

@OP, if you have more time to trade, make yourself comfortable doing it on your own. A trading bot is helpful but we should also have to understand that it runs only as we give a command to it. If we are wrong, obviously, the bot will also fail. If we don't have enough knowledge in trading, what we could give to the bot?

Most of bot need to be configured first to suit your taste and honestly it's mostly just about setting the sell order and buy order and if the price reach certain point the bot gonna deploy an action corresponding to the trigger. It's not like most of bot was programmed to create its own decision but to make a good bot you need to configure it very well too.
It's all depends on the person who uses bot itself so we can conclude that this topic about trading bot vs us is actually "us vs us"

My honest take to this is that YOU, as in doing manual trading seems to be the best rather than Bot.

Like to say that a driver is better than the car he's driving as YOU are in full control over it just like what we do in trading bot. They simply follow what we assign to them and perform the task. If you are a good trader, with enough trading profit, I suggest not using a bot but instead doing it manually. You'll not only enjoying trading but you are actually enhancing your trading skills.

For me manual trading because you can easily see them when your awake bot is just for if you don't feel to trade it is very useful when your doing something just for a bit, manual is just you can learn from the graph whenever the coins you put your money in s being dump or pump in the next step for those traders some of investors and traders bot doesn't recommended if money was involved bot are good for games only why? because you can easily enhance your trading skills etc. can easily see what coin can be pump on the spot.

I believe that when you want to trade with a bot, you should already know how to trade manually so you are sort of right and sort of wrong. Right because yes, you should be doing manual trading and that is the important version, without trading yourself there is no way you could learn how to trade, it is very vital and you should always try to get there, however that is of course only depending on what you could do with trading yourself, if you are good at trading yourself you could get a bot but if you are bad at trading then bot will be bad too.

You are wrong in the sense that trading bot is not for fun, it is not for "not doing it yourself" it actually takes a lot of time to configure a bot the way you want it to trade and let it trade on many coins on top of that fact is the situation where you need to maintain and keep checking what's it doing constantly.

Bot have significant uses and this is just only for automation not on using this to be making it some sort of strategy or tool for you to make profits within the market.

I agree on some people here saying that people do believe that bots can make money which is really wrong.You do still need to set these bots according to your likes
and preference on what are the actions to be made.

For precision of execution of actions then there's no doubt that bot would able to do that but nothing beats out when you do make on-spot trades where emotional
kind of decisions does really involve on where bots do really lack.

I think that human is always better than bots because can analyze and assess the situations much better. But bots are faster than humans.

Why don't you try to combine your brain with some of the popular bots for speed? That's what I'm doing and the results are not bad.

My advice is to start small and scale with a comfortable pace for you.

I have no experience using trading bots but I have learned from the experience of many traders that they are more comfortable trading manually than trading bots.So I also think that trading bots can never give better results than human.

It depends on who made the bot, if a programmer and a professional trader made it at the same time, then the answer would be bot, but if it is just an ordinary bot that will just help you with an easy task like entering a trade once the price hits xx.xxxxx and will automatically close the trade once it hits the target price xx.xxxx, something like that, then the answer is you.

But in the long run, it is you obviously who is better than a bot, because your experience will be your teacher on what to do next, in order to make profits every single trade you'll do.

Good piece on how to tell if a trading bot is a scam or is legit:

Crypto Trading Bots: How to Choose the Right Platform (https://hackernoon.com/crypto-trading-bots-how-to-choose-the-right-platform-udq33sk)

This is my take...

Be extremely careful if:

- They tell you to upload your exchange keys to their online bot.

It's an outright scam if:

- They ask you to transfer funds.

- They tell you their bots are profitable without an audited track record.

- They tell you it's easy and that you can make money while you sleep.

- They tell you that you don't really need to know anything about trading, coding or even crypto!

Trading not indeed, I don't know if this is true but one thing I can't ever do it. To allow not to trade on my behalf. Who will control or monitor the trade? How efficient is the bot, 99% or what. Doing so will be like gambling away my money. And will they do that without having full access to your account. There are lot of scammers out there. One just have to be very careful with the way he deals with them. To be sincere I do not encourage automated not Trading. It is better you do all the Trading yourself, you can control everything yourself without having to be scared whether the bot wouldn't go wrong.

 Before guessing who is the best you might want to Study first, study how and when you will trade and if you use the bot you will know if it is going great that the bot is perfect. Still, I might say that "bot is great" you might want not to rely on a bot that much a bot is still a bot it can go wrong. The best thing for trading is really you when you know you win.

Answering thing even if I didn't use a bot I would say its a different experience for everyone if you saw almost majority use bot I know you will use bot and if the bot does not work for you, you might get disappointed even if you know from us that the bot is working well.


Still there a big chance of income return if you really know bitcoin trading and if not you might get disappointed but lastly I would say you will learn from your mistakes.

Perhaps bots will help if one does not have much experience in trading. Maybe it can minimize a little of the losses. But maybe self-working
trades will beat the performance of bots, if a person is already really expert, even he does not need the help of bots, because bots are only
human creations whose performance does not function optimally, especially if for long-term use.

How it would help? Yes it can automate using up those pre-made strategies on where bot do but in terms of learning process then that wont really be giving out any lessons or learning for the user itself.

Also, you cant really adjust out those bots or its commands when you dont even know on what you are doing.As a noob then its much preferable if you do start with basics in manual.

Take a grasp on everything while you can and dont heavily rely on automation because this is just good when you are away from your pc but nothing beats out when you are

having some real hands to hands experience with the market in the tips of your fingers.

trading using a bot is indeed easy, because a bot is only a human-made program, of course when compared to trading itself it is better to trade on your own and bots are only tools to help us, don't let you use bots forever, because if you depend on bots , you will not be able to gain experience and trading knowledge, believe me you can do it, success starts from zero.

Bots are good tools to help you out on doing trading works but you cannot be reliant on it all the time because your trading journey must be reliant on your capacity and capability on doing trading on which is base on your own analysis and knowledge about the market to help you out decide on certain things that concerns your trading. Bots are helpful in a sense but still being able to trade using your own effort is still the best thing to be experience with. I have already experience using trading bot before but for me, it will still be the best working it out on my own. That is basically based on my own experience and perception.

It depends on you if the bot can gain you more profit than you manual trading then its fine. i personally dont use any bots and i trade by myself, everytime i trade i got exited and thrilled to trade. i may not be good in trading by myself but the excitment and joy when i trade is so much fun and i can gain profit when i used my simple techniques in trading matters,

Yes I prefer to make a trade manually because as I experienced my bot did not do any good to me but only gives me negative PL, I rather feel the excitement and that adrenaline that will push me to wait longer and will motivate me to learn more in trading and not to rely upon any bot that I may use, don't you want to feel that thing that when you buy at that certain price that you wanted and sell to that price too faster than the others is very self-fulfilling for me.

Don't rely too much on bot but somehow a bot could helps you in trading. As others been saying bot can gives you profit and at the same time bring lose of money. If you know how to trade on your own why not do it in manual. But trading in manual you can learn and earn profit. As long you know to read and analyze the market and know how to manage risks you can be better than bot.

As long as you know how to give the right command to the bot, it can profit from the current market situations.
It will depend on how good you understand to command, and that will need time before you can fully understand.
But if you can not analyze the market, even if you can command the bot, that will not work because the command will be on how good your skills in analyzing the market.
It will be better to analyze yourself to find the time to trade and not use the bot because the bot can not change the direction if you do not make changes in the command line.

From what I have learnt about bots, they work based on the instructions that are given to them, they don’t just start making you money , I think you will have to be doing setups from time to time to keep them doing the good works.

I have not used any bot for trading and that’s because I have not really seen anyone that can tell me their experience, not even online,  I hardly see, and the ones I see are usually comments that would say bots are bad, though sometimes it makes me think that the reason why these people are making the success is because they are setting the bots up properly.

I have not used bots at anytime and I have no plans to make use of it. But according to my friend that used it once , he said it is not worth it because he didn’t really gain from it. What he used was just one bot, there are many of them out there, so I still can’t decide whether they are profitable, but from what I have learnt bots are not just what you install and relax while they trade and make money fir you, nah, from time to time you will have to be doing some setups and that’s what keeps them going. They can only make the work easier for you.

Profits would really be depending on how you do set up the bot and its a wrong mindset for someone to be expecting that bots would really be guarantying profits for you.

This is really a very wrong mindset for you to take.You would still need to set up those bots according into the strategy that you do want to use.There are other bots
which is already set up but doesn't mean that they do work anytime.Its for automation process but people are expecting way too much
and once their expectations haven't met then they do end up on having bad impressions towards bots.

To tell you honestly, I've wanting to use a bot but I've never tried it in my life. There are stereotypes about using a bot, especially for the newbie traders. They tend to think that it's good to use the bot because it will also automate your profits although that's not really guaranteed and that's not how it works. I'm still fine trading on my own and doing it manually and as long as it's working for me, I won't be converting my strategy but really want to have some experience using it someday in my trading activities.

Bots are good in a sense that they can stay online 24/7 while a person can't. But then they are going to what they are programmed to do and the crypto situation can change very quickly and very dramatically, so i personally would love me dealing with all the hectic work instead of some bot do it for me. I trust my own brain more than a digital brain.

If someone does not have enough training and knowledge of trading then I am afraid that the bots wouldn't always help properly. Sometimes the bots unable to correctly measure the volatility of the market and in that case you will probably lose the money.
If you don't have a trading knowledge it's better to get trading  knowledge first and not look for the bots.

- Software programmers require a high degree of professional skills as well as the ability to calculate input numbers and honestly, if a programmer wants to start a bot in the crypto market, testing then improving every month is their life, such a continuous upgrade signals possible mistakes every month, we can get errors in many areas but trading will need to keep these values low. Bots are only directed on the principle of convenience for life but operating in a volatile market is a priority for us, people know how to handle better

Personally, I see bots as useful to me. Because not every time I will be active on markets to trade and earn a profit, but using a bot it will be easy for me not to miss much. Profit from a bot depends on the capital, I will just set a selling point that is not less than 5% if my capital is more than $1000 [just an example]. But I will also set a selling point to also avoid huge losses because we are aware that crypto markets are very volatile. So that's it, a trading bot is useful to me because it helps me to trade when I'm busy! But I am better than it.

Definitely a trading bot. I am a good investor, I am not going to be humble about that, I have been buying at low prices and holding until it is high (and not selling even then) so I have been making a good chunk of profit from investing. However when it comes to trading, a bot could make 10x more profit then me, I even make a loss during a bull run, I know that is unlikely but I have managed to do it few times, end up trading while it is going down for a day or two in between of all the increases.

So, I am sure a proper bot could make a lot more profit then me on a short term. I have used gunbot before for example, it is not the greatest money making machine like they tell you, it is not like "buy gunbot, and just retire because you will be rich", no trading bot is like that. However in the short term it did made more money than I could, however my long term profits vastly out performed gunbot so I quit trading all together and doing it with tiny amount only for fun.

Although bots can be helpful some times but i would highly prefer not to use on a regular basis, because no matter how good the bots are they are all programmed based on a certain market change or indicators, sure you can say that what we actually do by hand, but sometimes there is sometimes the effect of news that can affect the trade but also there is that trader instinct that helps take decisions in some trades. but there are some new machine learning bots that are getting more and more sophisticated that can take in consideration a lot of factors to make trades.

That will be some advantage of having a bot and it can runs 24/7 which is much helpful to all who have only limited time to spend in trading.

But to ask which is one better? Knowing that it was you who send the command, then it was clear that YOU are better. Whatever the results from your trades the bot can neither to blame but it was you alone. The bot is just performing what we have said so literally, it acted as what the bot receives.

If you know what you are doing then it's fine. If you have proper knowledge about trading, Then it's good to do manual trading. Manual trade is best, and most of the traders do manual trade. But there are a lot of people who isn't able to control their emotion, for them Bot are best. The bot is not that, you set up the bot and it will make money for you continuously. For bot setup, you need to spend a good time, you need to do research, analyses, etc.  I am using Bot and it's fine for me. I am running grid bots for a long time, For a long time investment grid bots are best for me. I am using Two bots, a Grid bot, and a smart rebalancing bot. Both of them are free, and you can also use them from Kucoin. Kucoin offering 4kinds of bots for free. You just need to choose some good coin for the bot. otherwise, you will be at loss.

There is no passive income, So can't able to say you how much I earn per month. It depends on the coin price. If the coin pump and dump continuously than its good for the bot, the bot can buy at a low price and sell at a high price. same for smart rebalancing bot. so for a long time, it's good. Personally, I believe bot is good for me. although most of the time I like to do manual trade.

Even bots is more faster than human and can do what  task to execute in trading, probably it's still not worth it as it's working only base on their program . Unlike you that you're able to change plans in order to gain profits. Indeed market is volatile and you need to change strategies to succeed and to prevent losses . So if you use bots you will miss some of the opportunities to earn masive profits in trading wherien there's a chance as well you will end up small profits or losing money afterwards.

I wanna tell you one thing that bot can tell you about the coins predictions sometimes or even we can say they are wrong many times because I had experienced it and another thing I will tell you that analyzing the coins by yourself and learning the trading by yourself is even a good approach as compared to bot.

I think that bots have many programmed routines based on technical analysis, although technical analysis often fails, I don't know how efficient it is to be used for scalping, but I understand that many whales tend to acquire bots with artificial intelligence, and that type of trading is high-frequency trading, and my interest since I saw a documentary that high-frequency trading was sometimes used in the stock market I have not managed to get a specialized book only for that type of trading, of course when the human being tries to compete with this type of bot has no chance, the speed of these bots are impressive, this type of bots are capable of jumping all the stops losses of many people, and then raise the price to take profits, the movements are almost imperceptible, but when we see the chart, a candle similar to a needle or pin is usually formed, no human being has such speed, these operations occur and n less than 1 second.

Bots are created by human which simply means that humans are much more better and also bots are for automation only with the trades you do intend to be automated.

No one can beat out human intelligence and thats a fact but due to our creations it is making our lives way more better and convenient.

To think that we arent always on the time on facing our computer which means we do need to use up some bots for some automation.

Both trading bots and also human trading will also require some errors.
It has its own positive and negative sides.
however, so far, I prefer to use my own thoughts and activity on trading.
However, sometimes, utilizing a trading bot that is trusted and reputable can also help.
So, although we use trading bot, it also still needs our attention in order to manage our money and also trading activities. But it can help us probably moreover when we are asleep.

manual trading using one's own mind will indeed be better, where we can control our emotions and all analysis which not only affects profit seeking, but this will also affect our attitude in real life. On the other hand, trading bots also have advantages, but we must be careful in choosing the recommended bots that we will use, because of course all of them claim to be the best.

I'm not really sure about it, bots can easily figure out some technical analysis in an instant that I can't do but there are some times about decision making that only I can decide. Actually both trading both and I are the same, I set up the details to him and he executes it in other words the input to the bot is what's on my mind so I think we're both the same.

Using bots in trading can indeed help streamline the time in  analyzing a coin and  can make a  profit without having
to bother and look at the chart for hours to predict where  price movements. But the use of bots in the long term will
not actually provide a good solution if you want to  become an  expert  trader. Traders  should be able to understand
and master many coins, as well as understand the market situation. So in any situation will a trader always be ready.

Sorry, Don't get you. Tried to search at google writing "Cleo" but there is no trading bot website available. It would be nice if you share the full link here. I like to use a trading bot, So why showing interest here. Hope you will provide the website address here. Thanks in advance.

There are things which bot cant do which is on that emotional aspect where you can change out decisions basing up on market condition which bots cant able to determine such thing which is understandable.

You do set up the bot and they'll do the work on what you had instructed or mandated but due to some factors like emotional then this is something that cant be controlled.

Bots are better in terms of executions of commands but it would always vary on the user itself about how its been set up and the effectiveness would really vary.

Is there any broker for crypto trading? I thought this manual trading are more hassle since you need to call your broker every time you want to buy while online trading are more convenient now.

Anyway, bot trading is still controlled by the user so for me you are still better with BOT the only difference is the time that you have in the market, bots can work 24/7 while you are not so many are using BOT for this reason.

In my early days of trading I tried using bot I made consecutive profits and I decided to rely solely on bots and didn't bother developing myself anymore not until the day I lost my entire trading fund that was when I knew even bots make mistakes. If you must trade with bot it's still adviced you learn the mechanics yourself so you can also analyze along side the bot to know when it's going against the trend

Bot can't decide without human interactions', unlike if you are the one that actually performing the trade you can easily adjust and change

every direction of your trade, sometimes it's good but most of time it's bad once emotions triggered you out.


Good thing if you have that deeper knowledge, allowing bot to do without any interference with anything.


The effectiveness continues to rely on how you set it up and how you entrust your judgements with your knowledge. Using bot can give you
good things, that's for sure. As long as you know what you are doing, you are good to go.