Bitcoin Forum

Hello, I would like to know which are the best BOTS available right now on WEB interface or Android app
to trade cryptos and bitcoin with BOTS.

I'm using right now www.upbots.com and seem very good the idea, I pay just on performance without a subscription fee.

I would like to know which other website or apps you tested where:

1. You can select a bot easily looking to past performances
2. Do not pay a monthly fee but just a performance fee
3. If has an app on mobile better

Please can you list it and we keep updated the best apps? thank you

There has been a ton of them in the world so far, they are called trading bots or auto traders and they have been here for over 5 years. The first ever one was kitty or something like that, I do not remember the exact name, but it started literally with cryptsy which is a place that hasn't been around for a long time, it then moved to poloniex then otbittrex and now to binance, think about how long it has been around. I am not saying that one is the best one, I am saying this bots idea has been around for a long time.

This is why I have to say that something that just recently started that you wanted to shill here can't be the best one considering ALL the great ones that has been improving so much for so long. Like I used Gunbot back in the day and I still own it, and it was so bad when it first started, but gradually it became better and better and better and now it is 1000x better than when it first started. I am still not saying that is the best one, everyone has their favorite but I just wanted to say that there are a lot of great ones out there.

I think based on what you looking for it seems that you want a trading bot that doesn't have a monthly fee and you only want to pay for the performance fee that you copy trading strategies?
I don't if it has but you can try to check Shrimpy you can choose anyone there with past performance but the bot itself needs to pay monthly and you don't need to pay to copy other trader strategies. The only problem they don't have an app but you can access them through the browser.

If you are looking for another bot for Android then I have two options 3commas and Coinigy they have both have an Android app the 3commas is the best and most people recommend this bot.

If you are looking for a list there is an outdated list here https://bitcointalk.org/index.php?topic=5278392

thank you keep posting

I can accept to pay of corse, like 3commas style, but I was curious to know if somebody was using upbots.com and if it is good bot.

i will give again a look to Shrimpy and look for Gunbot.

3commas is a bit difficult and confusing.

Never heard about upbot before it seems it was a 1-year-old trading bot except on the domain itself.

Why not just go to their announcement thread here https://bitcointalk.org/index.php?topic=5236783.0

They don't even have any supporters and reviews compared on what I mentioned above.
So if you want to be safe then I suggest you don't use upbot.

Shrimpy is not like the other ones. It is a bit different, it does trade for you if you want to, but not the same logic. I would say that it is more of a portfolio manager for you more than anything else. Obviously it is still auto trading, but not like many other bots. This doesn't make it any worse, I have used that too, it just makes it "different".

The goals of shrimpy and stuff like gunbot or others are a bit different so we can't compare them all together and say which one is better, it is comparing apples and oranges. I have used 3commas and I have to say that wasn't a good deal for me, but it is obvious that people could say that about every bot if they lost money so don't let me keep you from trying.

There are tons of trading bots, you can check the Pionex exchange and start using trading bots on the integrated board of the market trade section. Pionex has been good and covered all my needs for automated trading strategies. Maybe you will be able to automate your trading strategy with few clicks there too. Just ask programmers to code any trading strategy in the required language and you are good to go. And there was one website that combined all trading bots and used a few popular exchanges as a source of liquidity, I forget the name but will do a small research to find it...

Hi Guys,

I changed the topic in: Are you making money with BOTS or Copy Trading?

May be it is better to know if you are making money or not just to discuss a list of websites.

BOTS let's say are automated and without a person or "portfolio managers" that have to stay without sleep all the day for you

Copy Trading is also interesting of course. Shrimpy the best for it? or there are better of them?

I took also a look to CoinRule and for the long term or when market is on bottom and supports is another strategy.

Also I want BOTS and make money on shorts, without leverage.

I don't use it so whether I use it or not, there really are people that are making money with bots.

With copy trading, there could be handful people that earns from it. I do advise to make your own trades instead of copy trading. It's much better to experience.

Never heard of it so it will be impossible for me to have it the best if I've just heard it for the first time.

You are contradicting yourself IMO. I mean you are already got a good bot and making profits as per your statements still you're looking for some other bots; why? Honestly if I am happier with some moneymaking thing and also it is working in auto mode, then definitely I will not waste time by looking for other similar things but I will spend all my time where I am already making decent money.

In my more than 10 years of trading career, I never opt for going for any auto bots; because all the reviews I have read are not at all suggesting to go for bots because as that many people's experience manually trading must be greatly profitable and also consistently; what else I need? I just do not want to mess up things in the name of bots.

Trust me on this, don’t rely on trading bots.

When you back test them it seems like you found the holy grail method. Even when you forward test them. However the minute you start trading with a real market you will realize that they don’t work as promised.

The issue is mostly with liquidity and slippage which bots can never replicate. Another issue is that bots are generally only good in either trending or ranging markets not both.

So in May-Aug you would of had better success with a bot that trading ranging markets however it would of failed in Sept and vice versa. Avoid any of these bots, especially if you need to pay for them.

Bot is only for lazy people, and I don't trust it as well,  I've been here for a couple of years and yet
never seen any of the community here in crypto space share a good testimony about the bot you are referring
at here to your topic dude. Meaning, using bots is not profitable or it can give profit but not the expectation
you like to get.

I don't think trading with bot is a good idea if you really want to make profit from your trading capital or you try it if you want to lose your money as a result of you not being able to analyze the market and relying on Bot. I have tried making use of bot before now and in summary it is a Los Los Los.

Does hodling count? If not then no, though I did do copy trading way back when I started out. I was pretty ignorant back then so I decided to start with copy trading first then moved on to doing my own strategies in trading. I've also tried some bots but never really stuck to using them in the long run, they're a big help when doing many trades but that's about it, I had a hard time trying to integrate it with the way I trade in the end. Now I just hodl while trying to spread my portfolio.

If actually there are people making money from using Bot what then are you waiting for since you are equally out there looking for money. The only people that are making money from Bot in my opinion are those selling the app and those who referrer bonus for introducing others. If you have not had the experience then don't encourage people into what you know nothing about for I was there before.

True; if bots would have helped me in profit making then probably I might have made millions and settled in Monte Carlo by this time but in reality still struggling for earning every fraction of bitcoin. Honestly I have recovered all the losses happened by bots through self trading. Like you have mentioned, I started using bots after hundreds of back tests but in real market it was failing for no reasons.

Even we had any good reviews of bots which were all most of the times from shills of those devs. Unfortunately paid reviews have made new traders to fall such craps.

At least some profits, even it is not up to our expectations would be good but I have experienced only losses with 10 out of 10 trades, not sure what went wrong.

I do not make money with bots because I do not use bots for trading or use copy trading to trade. I prefer to trade manually by myself because that works for me now and I can manage the risk by myself. It is not easy to adjust the bot setting because you need to check the market occasionally and change the setting if the market moves differently from your setting. If you think you make money from the bots, you can continue to use the bots because you know how to set the bot to work as you want.

Using a trading robot, never. Reasons for high prices, security reasons, manual trading still makes me profit.

Regarding copy trade, I have done it before but not now. In the past, copying trades from free signals made me often lose. Because the market moves faster than my hands.

So right now I'm purely using my analytical mind to trade.

It is so true that bots do not guarantee profit, I know even owners who sell their bots who are not that rich. I know one guy who created a bot, and that guy not only uses his own bot, but also sold a lot, and I mean sold A LOT of his bot. Even he is not that rich. Sure he is richer than me, sure he has a few million dollars and that sounds like a lot of money. However if you had millions of dollars and a bot, I am sure you should be one of the richest people in the crypto world when you combine them both.

It means that he is not really selling a bot that is so profitable, if it was that profitable dude could have turned his 1-2 million dollars into 10-20 million dollars and not have like a house money like right now. With a great house, all of his money would be gone. That is why I believe that there is no bot that could make you rich over night.

Isn't copytrade only available in forex trading? Because I've done it before and it's in forex, maybe you will be able to get profit if you follow an expert (and I read lots of success) but unfortunately copytrade not suitable for. me
Bots do not guarantee that you will always get a profit, but unfortunately I often see on social media traders who use bots always say that because they use bots they become consistently profitable, how is that possible while bots are only tools to make our trading activities more automated, no guarantee of profit.

As these days, forex brokers are allowing us to trade cryptocurrencies, you can copy-trade cryptocurrencies in the platforms like etoro. I am not into any of forex platform anymore but I remember the subscription fee and profit rates are not good enough even for big capital.

Do not get deceived by any internet strangers and when it comes about social media, infulencers will try to convince you regardless of their social status hence any form from internet cannot be a reliable source to believe on. If your close friend or colleague talk about trading bots positively then you may start considering that particular trading bots for your trading.

Yeah I did with copy trading on Bityard. I’ve just followed some good traders out there with high percentage of winning but risky as well when it comes to stop loss rate. I followed the most popular trader before with great winning percentages, but his stop loss percentage was 90%.

However, we can just make some little profits here in copy trading, but depends on the trader we follow and the market situation as I believe these traders are using the futures trading method. Only trade what you can afford to lose.

I believe it is a small profit because you have a small capital, but if you have more, I believe it will be a large profit. Copy trading is great, but you still don't have control over your money. However, if you trust the person you've copied, it can be extremely profitable. Many of my friends copy trade because they don't have time or are too lazy to learn how to trade. They initially lost money but are now profiting. They only research top traders who have a good portfolio on a specific coin.

Be cautious on doing it especially if the exchange offering it is not trusted. I don't know Bityard and this is my first to hear that exchange so I don't have idea about there credibility. Some exchange might fake a trader profile on there exchange and display an excellent stats so that newbie user will copy it then load a trap trade to make all the copy traders suffer on big loss. That 90% stop loss is insane and very shady, stop loss is useless if you are using on that huge loss percentage.

I have not seen a trading bot that allows you to pay only when you make profits and not when you’re losing in trading. Others would charge you to pay a subscription fee before you can make use of their trading bots, and if you don’t pay then you’re not going to be able to make use of it.

And of course there are free bots as well that you can make use of, but majority of them really not worth making use of, and the stress of setting them up is something else, so that’s why some people tend to avoid them. As for copy trading, I’ve seen some copy trading platforms that are really good, you just have to look for traders and check their trading history then select who you can trust, that is how it just works.

I don't use any bots. because I'm not the type of trader who trades intensely, I only trade part time.

In my opinion using a bot will not have any effect for me, and trading bots are more suitable for professional traders because professional trading usually requires a lot of analysis and also large capital for trading, so it must be properly managed

I have never used Upbots, but have invested with it and got a return that makes me happy. Immediate profits cannot shape future outcomes. And be more flexible in using support tools. When deciding to copy trade a certain trader, you need to consider the risks that may come with it. Therefore, also consider using the capital appropriately. Moreover, copy trading is also a form of investment portfolio diversification. If you know how to use it properly, it will avoid liquidity risk or related to market risk. It also helps you to have a substantial profit in your pocket.

Using Bot for trading crypto currency is not meant for professional as you really need any analysis with the use of Bot as you claim in submission above but trading bot in my opinion is for people who don't have the necessary skills for trading. In simple terms trading Bot are for lazy people who don't know of trading but want to trade by all means.

Indeed, the trading bot is really one of the familiar tools used by professional traders and their main basis is the leverage market but those are not bots that automatically execute trades, it's just bots that aggregate data and prices then go through a formula that professional traders create, this is not a strange thing when same day profit is their aim. It can be seen that for such a purpose, traders like us can't seem to fully optimize this tool, copy trading can be called a tool for lazy people and people who do not manage time but it is life in the shadow of someone else, not as free as how we actively

No it is not all the professional traders that use bots. Bots are not really perfect for analysing market but they can be configured to follow the instructions and market. The traders that use bots are not just professionals but people that have less time to stay under the computer so they give themselves to either copy trading or bots. I prefer to trade on myself and not to use bots because I have also seen complain about it, I don't see any strategy as perfect including bits.

Bots are for automation, it doesnt mean that pro's and amateurs wont really be using it on the same time.It will vary on the needs of a certain trader.If

we do talk about bot then this is something talking about automation of orders which means its a tool which could really be helpful whenever you are far

away from your keyboard or simply not on your pc.You can set up and let it run according to your settings.Well, theres always a common misconception
about trading bots which is really a wrong thing.

Maybe I couldn't tell you that because I'd never try to use trading bots due to some negative feedback. Some say's they can make some but the majority are still losing. Well, I guess, it was just the same of you are manually doing this than relying on bots and besides, you are still doing the command. Because the only benefit we've got from using trading bots is it can perform trading 24hours unlike us but the results are still the same. Maybe, if you have a hectic time and you still wanted to trade, then this is suitable for you but never think you'll become more profitable.

As a trader, we should rely on our strategies because the market is volatile and bots are incapable of making informed decisions.

Copy trading can be helpful and risky. Since you rely on an individual for your trades, there are both risks and profits. It is important to run a background check on a master trader and  do not copy from a single trader.

Copy-trading is risky if you don't know anything about the trader you decide to follow, so checking him out, his background, his stats (if it is available) before spending money is advisable! And if possible, before going for a copy-trade check other traders and their suggestions! Most of the traders I followed were going for more followers, they didn't have very successful rates, at least for the time I followed them.
I also tried some trading bots, but I wasn't satisfied with them! I guess it was me, I didn't want to risk a lot of money, and the strategies I found needed a bigger bankroll! So before going for a bot, check the possible strategies and how much money you need to run them... if you don't have enough I guess that will not work well!

Indeed, there is nothing wrong with using trading bots, but from time to time you have to be forced to trade on your own with what you are good at. Are you ready? if you only get used to and rely on trading bots to give you profits, without you realizing that all of that is not a good lesson. You trade but you really don't.

So far, being familiar with trading somehow we don't really like relying on such instant things. Trading is us as a seller. If you leave it to a trading bot, it means that the concept is different, that is, you are the controller 2, not the real trader.

you have point mate, its always good to take the the job than working it for bots because we don't how safe it is. Indeed not all can really guarantee when it comes to this so volatile market wherein even experts cannot prevent doing mistakes,. How much more that bots if there's an error as well? Seems skeptical..
Maybe copy trade i will agree that you can obtain good profits from it but of course it depends as well if you follow a good trader wherein those have risk management because for sure your money is always safe.. If not it's like you're just guessing and trying your luck if you can get good return from it or not.. So all i suggest to all newbies be wise when it comes copy paste trading, follow those have good win rate and also with risk management to assure your trade is in a safe hand.  ;)

I dont know on where you do consider out on things to be safe because this isnt talking something like that for you to entrust your trades on bots that are
pre-set up and this is where self knowledge and skills will vary because this is the part you would really be making use of that on the time you do make
use bots and just like what others posted above about those wrong perceptions or views towards trading bots which is actually true and on point.
Bots are good in use when you are far away on your pc but if not then its better to do manual.

indeed bots will be perfectly useful in the hands of people who are good at trading manually, so like using indicators, he understands when bots will help him or when bots are risky to use. but otherwise, many of the bots traders experience disappointment at the end

It's another way of making money through bots. Bots do trading with our investment charged a monthly fee. Professional traders creates their own bots so that they can manage different accounts at same time. And automatically puts out trades And make profit. So, on this way investors did not do anything but. The whole system is automatic

Well, pro traders are more experience in trading, they know bots can do some before favor with them but for new traders and those who are still learning, I'm not sure how it becomes useful as the idea comes from themselves while the bots are just waiting for their command.

Copy-trading might work for beginners but these trading bots? I don't think so. This could be something optional, maybe we have tried using bots just to know if we are into profiting otherwise, we stop.

That's right, with the same risk, so to avoid things that I can't control, it's better to trade alone and enjoy the thrill of trading according to what I understand by reading each indicator.

Trading using bot services often results in lost payouts. Some of my friends have tried it and unknowingly they have no knowledge of trading. Dependence on bots is not a good thing in achieving long-term trading goals.