Bitcoin Forum

I recently came across this site: https://robotscrypto.fr/. I wanted to know if you use crypto bots to help you in your trading?

This site has quite a few, and it seems to work well.

I would love to have your opinion on this thank you! And if you have any crypto trading bot platforms to suggest don't hesitate!

Crypto trading robot to help someone trade? I don't do that. I trade myself after analysing the market with indicators. I use fundamental analysis too. I also use sentiment at times.

I have not used bot to trade before. Although I have seen something like that on OKX before and you can also make use of other bots to trade, but I do not see any reason I should use bot to trade.

Only what I can use bots for is for arbitrage trading to list prices of certain coins on different exchanges for me, and for making automatically trades. But I am not an arbitrage trader and exchanges nowadays can be used in a way you can automatically trade after the coin of your choice get to certain price you want the trade to be filled.

I have not used bots before and I am not thinking that I can use one.

I am thinking that you are the owner of the site. The website basically just has links to existing crypto bots like 3commas so what you are doing in this case is trying to get people to register on the bot through your referral link on the site.
Not every Tom, Dick and Harry can use crypto trading bots. To use them, you still need to have technical knowledge about markets and trading indicators. So first step is usually learning how to trade by yourself.

There’s a lot of crypto bot already in the market, but I haven’t tried any since I do my trades on my own and I still have time for this. Bot still need to be set-up though they already have the default setting by I think without any knowledge in trading it is still hard to make profit. Don’t use bot if you don’t know yet how to use indicators, better to learn it first. Anyway, you can try other platform like Gunbot, I’ve heard many good reviews from this.

^ Dude, trading bots won't do anything upon predicting the market, they are just a tool that can be used by selling or buying open orders when you are away from your PC. I don't have much experience but I used this before when I was active in trading, believe me, there is nothing that happen in my trading activity except another cost of buying that boot, it is a waste of time and money.
However, it will help a little but can not give the exact result when it comes to market prediction.

I wish it was so easy that I could just turn on a bot and make all the money. We can all dream right? For me I think the better strategy is probably just buy and hold. Other wise I am just chasing losses.

When did you find that site?
The site only contains guides for trading bots but only 2 or 3 trading bots are mentioned there the site owner seems doesn't yet know there are lots of trading bots.
How about adding this https://bitcointalk.org/index.php?topic=5278392

Take note trading bot only automates your task on trading but there is no guarantee that you can make a big profit. Trading bots are also following a strategy that you set.
It's risky for most traders that do not know how to use it to make sure you are familiar for some strategies before you use a bot to set up them properly for success.

I notice that the website is pretty new it's 2 months old according to whois

There is no special on that site except for a few bots and links with referral links so I think the website is just a landing page and gets benefits by referring users.
Do you own this website?

Bots are effective to others since that's what bots are supposed to do.

Just for clarification, bots are meant to work for you based on the algorithms you will set.

It is not meant to give you profits where all you need to do is to wait for the bot's actions.

I do use trading bots like Gunbot (https://gunbot.ph) in order to trade 24/7. This is one of the most helpful things for me, because I get to take advantage of the market, 24/7 whether any type of market is happening. I could easily automate the strategies that I’m going to utilise in trading.

Have you managed to see this? Let me know and I can help you.

Wow gunbot goes from like 10$ to WTF! lol. But, I am curious. I could scrape together the wtf money needed, maybe I'll just start with the $10 version.

I don't like trading with the help of robots. although some traders in the crypto market use it. there are only trials, but there are also ambitions to make a profit in the market.
some of my friends who have tried bot trading, it seems that they no longer use bots in trading. maybe because the results are not satisfactory. but I've never heard of the trading bot the OP is talking about.

That's the super entry level. That's just to get a taste of it. It basically shows you the GUI and makes you feel like you are using the bot. It's not as customizable but it's going to get something going for your account with the stepGrid strategy integrated in the bot.

I don't use crypto trading robots for me it's too complicated because it requires knowledge to be able to set it up properly and in my opinion it becomes more time-consuming than directly trading on an exchange website.
Unfortunately, many think that robots in trading can increase profits, but they don't, robots only help to make trading more automated after being set as desired.

For a first post like this along with shilling the website link, there is no doubt that this guy is either the owner of that website or he just hired someone to post on forums and spam links.

This kind of post makes us understand that he is only here to shill and not being a passionate organic member of this forum. Link building at its finest.

P.S. Correct me if I’m wrong mods, but all links here are no-follow right?

Pretty much a waste of money I guess. There's nothing special about them, because you could exactly what it does, even more to be honest. Trading bots are for those who doesn't have any time in trading, which is pretty ironic because you're supposed to spend your time on it to make sure you'll get enough experience and profit that'll benefit you in the long run.

It seems to work well doesn't mean it can work properly because at least you have to try it yourself to see if the robot can work or not. But my advice is that you don't need to use a robot to trade. Moreover, the crypto market is up and down, making it difficult for you to set orders so that the robot can run according to your settings. If you want to trade, it is better if you study your own market analysis so that you will have the ability to analyze. This is much better than using a robot and. You can stop whenever you want and don't have to pay rent or buy any robots.

Trading bots are not a good choice although indeed some people use them for various reasons like they want to trade but on the other hand they don't have enough time,
if you have to choose, of course it's better to trade manually because we can also learn while

I preferred actual trading as I wanted to learn more about trading.
May trading bots seem it works well but not all. But if you have enough time in front of your computer and do trading, I suggest doing it rather than relying upon bots which as we know that was relying on you back and the decision is also coming from you. If you fail to set it carefully, never think it will make its own decision and for sure it will fail as well.

This is one of the disadvantages of using bots. You have to always be sure that the settings are right otherwise you would have wasted your time or it does a wrong trade for you and you run into loses or risk your account being close out of fund. It is better like most responses have said to do a manual type of trading to analyse the market, trade while learning to be better.

Trading Robot does look convincing because it is like auto pilot, but there is a dangerous side,
especially if I analyze their site https://robotscrypto.fr/ it's really not worth it, because they really don't have the credibility and security that guarantees their users,
because there are many cases of traders using trading robots ending sadly. Yest hey lost all cryptocurrency assets in the exchange wallet.

Nope, I don't use any robot to help me trade. Everything I do manually when I have time in front of the monitor.
Trading robots have become an alternative solution for those of you who don't have much time to monitor price movements for profit. Many people have it and even some people are also affiliated with it on this forum.

Using bots for trading means you are a super busy person out there but you want to earn from trading. That's not great for me, but you might. Till today, I have never tried to use it even some of my friends have it. Another reason is, I don't really like trading but tend to like investing.

1 and first post and OP was gone after three minutes.
Well, OP is just wanna give that idea that his bot exists and I don't use any of them and if I will then I'll make sure that I've chosen the right one and that has already a reputation that's being used by many.

Since you are a newbie I can basically guess what you are thinking, you want to use those bots to trade in your place without the need for you to do any learning on your own, am I right? If that is the case then forget about using bots as they are not a piece of software in which you just click a button and then you see the money to begin to accumulate in your account, there is not replacement for your trading skills, you need to learn how to trade and become successful on your own, only then you could begin to think about using a bot, as you will know what works and what does not and make the necessary adjustments to the bot so it can become profitable.

Most of those bots fails, if you really want to be a professional trader then you should just learn to do your analysis yourself, if trading bots are reay then I believe by now everybody will be using bot to trade because they will never lose money which I believe that's what everyone wants, most of those trading bots are fake which you will just end up losing money, so it's just better you take your time and learn about crypto trading before you invest your money and also invest the amount you can afford to lose. Also you can just buy your coin and hold just the way @melody82 said.

I've tried trading robots before, but the results I got were not satisfactory. Because the results we get are only a few and it's very boring. After I learned to trade on my own by looking for information in articles or YouTube, I was able to make a lot of profit.

I think OP is just aiming to advertised his website given that he only has 2 post in his history and the both of his post has the same website included in it.

Bots which has a high effectiveness commonly has a payment or subscription, Creating a bot requires some skills and even using a bot needs to be knowledgeable in the bot itself. There are some reviews on trading bots here before and there are few members here who are using trading bots to make their trades consistent. You can find the thread here (https://bitcointalk.org/index.php?topic=5278392.0).

Trading bots can be beneficial if you cannot manage your trades full-time and just need some autopiloting system that still follows your rules when it comes to decision-making. Be warned though that these trading bots, while they work and help you execute trades while you're away, can still commit some errors that can cause you money. You shouldn't rely on them 100% IMO. Trading bots aren't made for passive income, it's made to execute trades on your behalf following your line of thinking. It's still controlled by you, and the commands you issue will also be the things that it will do in order to satisfy the trade.

^Definitely right.
I don't know why people think that the automated trading bots made them a passive income which I think is only a tool that can be used in trading while you are away. The automated trading bot will not work without your proper command so if you don't have knowledge of trading, your bot is nothing.
On my own, I don't see any benefit of these automated trading bots, it is just wasting of money and additional cost which is it is good if you will put on your capital. If you are far away why not have a break in trading or spot trading much better for those traders who don't have enough time.

Bot have their own default settings which also states the previous success rate of that bot setting, probably this is one of the reason why many chooses Bot. We can't totally say it's useless or not effective not unless we already experience it, if we see at the top site that offers Bot trading, we can still a good numbers of users which we can conclude that it's effective and it's working based on their purpose. Trading bot might not be ok to us, but to some it works good for them.

Yeah, that's what he's likely trying to vent here. It's all about what he's trying to do and just want to let people know that his bot and website exist.

There were a few of them that are known and do also ask for payment but that's for upgrade and subscription but they allow users to use it for free but with lesser features.

from what is written there it says "automatically according to the technical indicators that have been programmed", of course this is a program that was made and it can be said that it might not be in accordance with the current situation where there may have been many changes, maybe it was good when the program was made.
the program is made according to the situation where the time of manufacture occurs, with the simulation that may have occurred at that time, I personally feel this is not suitable even though it is all returned to anyone who really wants to use it.
it's better to do it manually, adjusted to our own analysis with the factors we know and try to continue to do simulations in order to get the best momentum.

I agree with that but I don't suggest this for newbies whose knowledge about crypto trading in not already good. I could say that those who found trading bots working are those who have a long experience in trading as well for they know how to set the buy and sell options and literally familiar with the market trend. It is very unlikely when you are new to this and have no experience in trading for certainly it really hard to do it. Learning the basics is not enough now, it needs something more than that.

This is why most traders rather do manual trade. They ain't 100% believe in the bots to keep customers' information confidential. And you either set something wrong with the bots and lost money in your trade, or someone (bot dev) was able to get enough information on your to manipulate your trade to get profit from it. Basically, using the bot to trade has a risk of publicly announcing what you're going to do which puts off many traders.

Maybe bot trading is good for accumulating some altcoins, doing trade repetitively (limit on each order,...) enough that you don't care about it. Else, I don't see any use for it.

I find it more fun and challenging when doing manual trading than using trading robots,
what you have done is a good thing to switch on your own trading without using robots,
now we can take advantage of many platforms to learn

I don't want to use bots for trading. I believe trading is a platform where strategy is always changing. The rules also have to be changed in terms of time. Moreover, bots can be of great benefit to those who trade in large quantities, especially those who are day traders. But I've never used bots before and don't intend to use it in the future.

Agree with this point of view. Once, I spent some money on buying a bot, but I found it didn't work as advertised, and I have no idea if I am using it incorrectly or it's really useless. There is almost never a time when I win when use it. But since then I manually analyze and develop my skills although there are risks too. I still feel more satisfied when I lose because my analysis is wrong, than relying on the robot because I put a lot of money into it and I don't get any experience every time it makes me lose.

No I don't!

You see what works for A may not work for B. Most people prefer to trade by analysing their trades manually. Few people use Bots, to some extent, still monitor the decisions this Bots make on their behalf.

However, if you decide to start using one, I will advise you make your research about the Pros and Cons, as well as the price before acquisition, because there are a lot of them out there, and they are not without their surprises.

Trading bot will not work all the time.It’s your money,why you allow other bots to decide your profit and loss.If you want to lose your money,lose with your own strategy.Trading bots are programmed one,it only works based on the certain charts.It may not work properly on the extreme condition.So self analysis are the best one to do trade your own money is my opinion.

It's not that when you use a trading bot you can not learn anymore but you can always watch the movements of the bot to see if what they are doing but the decision is still up to you if what will you prefer. A trading bot can be pre-configured with a method but it can also allow us to input our own strategies though I think you are right that if we have the time, it's better if we actually do the real thing because bots are only a kind of software and they may not run perfectly.

What if there are some bugs and glitches that the bot can experience along the way? That can only mess up our trades. It's risky especially if we are dealing with larger amounts.

How's your experience using their service? Did you have any profit?

I do not use any, and I think I won't use any of it. First, because I think it is not reliable. I mean, before you use any, make sure that you know exactly every algorithm of the bot that you are buying. Second, trading bots are too expensive, do you think it is even worthy to purchase one?  Of you're a risky person, it's fine, but if you do not have a lot of extra money, I would suggest you to keep out of it.

bots work according to the orders that make them while the market doesn't seem to be controlled by anyone, so bots will only work at certain times and we must be able to master it. Of course, we cannot depend entirely on bots, the best thing is to learn the manual even though it requires a long process until in the end we can trade at any time with our own strength. Moreover, many bot sales are actually misused using the pyramid system, and members of the bottom are the victims

No matter how a trader is good, there are times of losses, but if a trader learn how to strategize in a way the time of losses are just unrealized losses in a way the market would correct itself and they will make profit, a good result would be achieved. But what I noticed is that newbie traders only want to focus not on this, but on bots, signals and copy trading. That is why newbie traders keep on losing because they are mostly after looking for ways to gain and not how to mimize their loss. As for me, trading bots are not advisable. I trade manually and if I am exhausted, i will not trade.

If I have to choose clearly I prefer to trade manually even though we really need time to learn it,
using bots is not the right answer to get maximum profit,
think carefully before using bots for trading

If I ever used a bot it would be my own. There is no reason for me ever to let anyone else take control of my portfolio. No foreign code and no foreign person.
There is just too much risk in it. There are already enough risks around trading cryptos (f.e. when using CEX), so I don't feel the need to take any more risks.
If bots work or not is another question and already sufficiently answered. Btw I don't trust people just posting one link and after that disappear. I strongly recommend avoid clicking these links at all.

Before i saw different advertisement with the trading bots and for me it is not ideal because it is all about the algorithm setted in the bot and of course before using those bot you must know how it works not only just using it, also it is good too if you make a trade at your own but if you don't have the capability there's a copy trading now which still with the essence of the knowledge you have checking the trade strategy and history of the one who you are copying.

If you dont have knowledge on trading then you wont really be able to make use of those trading bots or simply trying out to alter those settings.Yes, there are already bots which had been set already
but you wont really be that mindful on what it is just because you dont have really the idea on what it is.Unlike, on someone who do have that awareness and knowledge
which they could really utilize the benefits or usage of a bot.This is really just simply for automation and this is what most people been having misconception about
bots that they do guarantee out profits which is really not that true.

It is 100% not true that bots would ever guarantee any profit. It's clear that bots are just software that will do what you would normally do, but with more coins and for 7/24 and that’s it. It’s you but enhanced, nothing more.

I am not saying that it would make sense in the long run, it’s going to be something difficult to handle and that is why I am going to assume that people would be losing money even when they are not trading with it, because it’s hard to configure it, but after that, it’s just you but enhanced version. If you are a good trader then you will "probably" make more profit with it, if you are not, then you are not going to.

That's right, because I used to be very new to trading so it was very natural that I didn't know what a trading robot was, just curious to try it. But now it is different, all trading knowledge is available in many articles and it is very helpful to learn skills in trading. It should also be noted that sometimes the market is difficult to predict and it is possible that because of bad news your technical analysis can go wrong.

I do not use any robots while trading. And neither I nor I know any directions for using robots.But using robotics in cryptocurrencies seems like a little help.Moreover nothing else is complete analysis but you have to do it yourself and you have to take full risk while buying.And especially on robotic trading platforms people don't want to do a lot of trading and neither do we.

It is not a must to use trading robots, I also prefer to trade myself without robot help.
The traders use trading robots because they probably trade with a huge amount of funds or they have very limited time to trade. So, to be efficient, they use trading robots to help them. But if we only trade with a small amount of money and we have much time to spend, trading robots seems not really necessary.

By the way, don't misunderstand. Trading robots doesn't guarantee profits. It only helps trading activities. Gain profits or losses should depend on the strategy applied by the trader himself.

It is just about to happen that using bots makes us even lazy as we are already dependent on these machines. I'd see successful traders never use this thing or maybe they have tried this but might are preferred to stay where they are comfortable with and that is doing in actual trading. Maybe we could say this is useful for limited-time traders but not actually a helping tool for them if they want to improve themselves.

Well, the sad thing is that people think using bots will help them generate more profit which is not. Bots are still depending on us trader.

If you don't have knowledge about trading then I think you should just buy and hold a coin for long term, or you can get knowledge about trading, I always say it that trading bot shouldn't be an option, if you want to stay long in crypto space you don't have to depend on anybody for trading signals or trading bot, why will you use bot when you can easily lose your money at any moment, if trading bots are real I believe by now everyone will have been very rich because we will all be using bot for trading, you might be making money from bot when you start using it but just know that it won't last long.

What a great deal of the people that want to use bots do not understand is that you already need to be a good trader to use a bot, most bots come with a default strategy, but if a great deal of those which bought that bot use the default strategy then you can be sure there is almost no profits to be had with that bot anymore, since the more people use a strategy the more ineffective it becomes, this means you need to input your own strategy into the bot, and this means you need to have programming skills and the ability to be profitable in the markets, two skills which are not easy to acquire.

Would really be that common sense that being an active trader ended up on being a long term holder just because of possible reasons, whether they dont like to deal up with too much volatility or just simply they

had made their investments on negative and ending up on holding for too long.This is actually very situational considering that this market is truly unpredictable, then theres no way that you could really be able
to avoid on making errors.
Speaking about trading robots then it is really good for automation but of course you should have the sufficient knowledge for you to make out some alterations or changes
or edit on the said set-up.

Kucoin has a spot grid bot that I've been using for quite some time now. It's very helpful to me since I don't need to monitor my trading activities. I just set the buying and selling price then the bot will automatically trade for me.

If someone claims that their trading bot guarantees profit then those are definitely a scam.Trading bots are just a computer program that is intended to automate our trading depending on our strategy.

This is very helpful for traders who are active for 24 hrs. Even when the trader sleeps, the bot will act in that position and execute trades continuously. In specific the trades get executed for small fluctuation. At a very minimal margin the buying and selling continues to happen.

In terms of trading, bots are more useful for those who do day trading. Many times it is not possible for human to trade fast but bot can do it for you very easily. In other cases I am not very interested in using bots. Because as much as I understand about market analysis and current market trends, I don't feel much need for trading bots. Using a trading bot is good but if it is not correct then there is a possibility of losing your assets.

I am much interested in candlestick patterns formations responsible for price reversal or continuation in manual trading which bot or Expert Advisor EA for forex traders can't perform or execute perfectly, of course I have a trading strategy which no bot can execute perfectly even after being programmed thus my strategy works best when trading it manually, I read numerous articles on trading bots failure to trigger or perform it trading tasks or incurred streak of losses after ittrigger the trade probably due to a bug on the bot, the best bet is learn to trade manually to gain much needed experience in a long run.

Here is a thread with crypto bots: https://bitcointalk.org/index.php?topic=5278392
Here is website: https://allcryptobots.com/
There are many on the market at the moment. The problem, if the bot is reliable, you have to invest a lot of time to work out an optimal settings and strategy. And the market is constantly changing, so you have to adapt the offer to the respective market situation.

Candlestick trading could definitely get you a good profit in the short term if you could read them right and there is nothing going unexpected in the markets. I have a friend who checks them in a small interval, I really do not know what is small intervals in candlestick trading but he does quick trading, so he buys and then he sells within 10-20 minute windows and does small stuff, and he makes a good profit.

But he always warns that there could always be things that are unexpected in the crypto market that will result with what you do not expect to happen and that will cause a lot of trouble if you are not ready for them at all.

Trading bots take away that emotion, that's why they are considered "good". In reality any veteran and good trader would profit a lot more than a trading bot could, but for a newbie this is basically a method where they could leave their emotions out the door, give the bot a good trading strategy, and just let it work as long as it could.

If the newbie is too bad, then they will end up stopping the bot too quickly and cause a lot of trouble, but at the same time this means that we shouldn't be focusing that much on the profit side of the bot, because it could have bad days, but on the long term prospect of it, that's a better approach to understanding them.

I have never used trading bots before in running my trades, but recently I have been thinking about using trading bots due to time consuming factor involved with trading and analyzing the market and sometimes I do miss some buying opportunities which is fine, but I'm considering using the DCA bot for now to accumulate more Bitcoin on weekly basis to see the results and if that is fine I may consider using the spot grid bot too.

I myself have never even used bots in trading and so far manual trading is indeed more fun,
actually I've heard stories from some people who use trading bots that the profits are not as much as manual,
but regardless it all depends on individual preferences

I would say that you should stay away from them at this point. Trading bots are what you are, and right now everyone is losing money so of course trading bots are losing money as well. I have been involved with that world for over 5 years and I can easily tell you that people are not making a profit and they are going crazy towards the creators of the bots.

Every seller is acting as if it is the key to success, they all come in and say you could do better than yourself by trading with a bot, but if you are losing money now, then the bot will be losing 7/24 automatically instead, it's very bad. It’s better to wait for the bull period to start using a bot.

And it is understandable this has been your experience so far, the only people that can earn profits from bots are the ones selling those bots or the ones which created their own custom bot, the first group is the most obvious one but the second group is made by the small amount of traders out there which cannot only produce profits but they can also code and create their own bot, this means they can code their own strategy into their bot which no one else knows about and this makes the chances their bot makes profits way higher than what your average trader can get with the bot they bought.

I think you don't need to use a trading bot on Futures correct me if I'm wrong but I think there's no bot that can be applied in Future trading. In Futures Trading, you can already set conditions without the use of a bot that's why I don't think a bot can help us here.

As far as I know, it's on Futures that you need to monitor manually. Besides, since Futures are risky why do you intend to leave it out of your keyboard? Most users doing that trading type are more of focus different from the approach they are doing in Spot Trading.

That's the performance of using a trading bot and that's what differentiates it from trading manually,
they all have their advantages and disadvantages,
and honestly for me it's more profitable manually although we also need to learn and improve skills

I'm using this bot. It's cool and it works as expected https://www.cryptohopper.com/?atid=25311

that's what it is, wherein they will work based on their program.. Actually there's a lot of good bots nowadays when it comes trading but most of them become so expensive especially those common and and popular that still very effective till these days. So yeah like me who don't so much money to trade, i don't think that's worth it to provide..  ;)

Certainly bad idea to jump into bot trading if not into the field already since very long time. The number 1 reason is you have to program the bot and have proper settings done before you could implement it. Many of them think you just have to tell bot I need profit in the next trade. Lolz. That’s really fun, but it’s not like and it will never work like that even with AI tools. You still need to have proper algorithm settings so that bot could understand everything from your balance to budget and from limit orders to market caps and so on. For me it’s not good option, I would rather just buy and sit by window to see if the coin has increased in the value or not.

There are many trading bots available. It can be helpful, especially if you want to run a trade 24/7. I know some of my friends have done it but they were only active when the market is booming and not the present market. Some of my friends made profit and some lose money using trading bots. I prefer to do trades manually. I want to make it simple and I do not sleep on my trades unless I intend to them for days or even months.

For the newbies. I advice you to learn first how to trade and understand the market before spending money on trading bots. Trading bots are not smart, they only follow on your trade settings.

I can't get out of my mind if you are the owner of the site platform you are talking about or one of the corporate owners. Moreover, in my years of crypto trading, I have not seen any traders here who said that they made a lot of money with the trading bot. Is there anyone or many who can prove it?

As far as I know, there isn't yet, which means it's not proven to say that you will earn consistently here in crypto trading. Also, as far as I know, there is a fee if I'm not mistaken.

A brother-in-law called me and came to my house to ask me if it is true what a robot can do in trading, (crypto trading) he told me that the investment to obtain the bot is 170usd and that you can join BInance, and that the robot makes 3 to 5 trades a day, and that it can be earned as long as you have money in the account, but that one manages, let's say, the amount of money to risk, then according to him and a friend he has it and it is something that impressed me , he made me talk to his friend on the phone, but the friend really doesn't know much, so he didn't help me at all, so I came to the conclusion that he better invest his time in reading trading books so that he himself makes his trading decisions and who will apply everything he knows about trading, is much better than a robot.

I personally won't trust a person who is giving advise that don't really have much idea on what he is talking about. I think his friend is just aiming for a referral bonus on that bot he bought. There are different kind of bot but most of them requires some trading knowledge and even fundamentals about cryptocurrency to make it more effect, Investing time on knowledge first would be the right way. Sooner or later your brother-in-law would realize that he don't need a bot just to earn in crypto.

My trading style can easily be bot programmed but there is just no better feeling than executing trades by oneself, of course bots have their own advantages like trading with no emotions etc but because I use muti time frame analysis and other confluences bots are not my best option unfortunately...some human touch is needed.

Crypto trading bots was introduced to ease the burden of crypto traders but the use of trading bot is not always profitable as you presume it to be. Besides, the bots work based on settings which means the profit the crypto trader that uses the bot makes will be determined by her trading decision.
Crypto trading bots may be effective but it result is determined by the user. I like bots when it comes to arbitrage trading. They are always good at it.

Using bot for trading bring more disadvantages, i noticed that bot have different rules that it's involves before it can carry on operation, you will subscribe bot and before it will give you profit, and the profit bot will give you most of them will end in using it for subscription, so that is exactly what means traders to skip using bot application, because theirs no useful function indecencies that it will still leads you to lost.

Bot trading attracts newbies precisely because they believe they can just run the bot and then obtain profits without doing anything, but this is not true, you need to be an expert trader to be able to run a bot like that successfully, and this is because most bots are still not as good as human traders and their main advantage is they can trade without rest unlike a human.

So your trading strategy needs to be so good that even a bot which cannot use it as efficiently as a human can still generate profits with it, and this is not something easy to do.

One of the most common misconceptions of newbie that they do really believe that bots could really bring up some money or profits to them without even realizing thats not how bots do work.

It is for automation of trades and if you arent really that knowledgeable then you dont really have that idea on how to make some edits basing up on your trading strategy.

There are pre-set up bots which you could make use directly but of course if you do have zero knowledge then you would be completely dependent on it and
once you had lost money or capital then we do know on where you do blame next.  ;D

I think it's true that some traders may be very helpful with the help of trading bots.
however for someone who is a complete beginner and has no experience at all in the world of trading.
I think should avoid using trading bots first, for beginners it is better to learn to understand trading and the market manually.
if at first we enter the world of trading using trading bots in my opinion it will make us untrained.
I prefer to trade manually and learn more with my friends who have already entered the world of trading.
I think there's a lot of new things to learn when trading manually and we're going to be exposed to the risks head-on.
because I think we will get profits automatically, if we already have the skills and experience in trading.

I'm going to say that I've never tried it but hoping it can be done soon when I see reliable bots. But as long as I have enough time to check the market, have enough time to face the computer, and do trading, I can't afford to do it. Maybe there is the right time to do this, using bots, but as we are still learning, it was good advice not to try this instead, make ourselves do it personally. Because bots are still reliant to us, if we don't have knowledge in trading, never we expect this will function its one and results positive.

Robotic trading is something I dislike. Despite the fact that some cryptocurrency traders use it. There are only trials, but there are also desires to succeed commercially.
Some of my pals who have tried trading with bots appear to no longer do so. possibly because the outcomes are unsatisfactory. nevertheless, I'm not familiar with the trading bot the OP is referring to.

Bots are there to just automatize your trading systems, since most of them will base their trading behavior upon algorithms you will set. Eventually some experienced traders may think of creating one for them so they don't have to check the market every single close and open just to ensure that you will be able to hold a position for that particular trading session. Some still wants to trade by themselves without the help of any type of program. Honestly I wouldn't mind using bots especially if I made it myself. You wouldn't catch me hiring a third-party bot though. That is risky.

But why do you dislike them? Bots at the end of the day are just a piece of code that people are using to give themselves an edge over the rest of the market participants, which if you really think about it is something that everyone is doing, no one is graphing the markets by hand anymore, something which was done before the advent of computers, no one is calculating their own indicators by hand either or are on the floor trying to buy stocks directly from another person, we all use technology, so it makes sense some found a way to reproduce their trading strategy in the form of a bot.

Bots are for automation which it would really be easing out traders work and effort specially when you arent in the front of your computer then it would really be just making out the actions or commands which you

had set out.It is really just people do really have bad beliefs or impressions or treatment when it comes to trading bots which these things doesnt ensure that it could bring out profits or money into you.

Its is a tool which is used for you to have those automatic trades whenever you arent really that facing your computer.If you do know on how to make use of it then
it does bring out that kind of convenience imho.

I'm surprised at all this hate for bots. I have a day job, so I can't even imagine trading without them. I certainly don't want to make trading a full-time job, especially not if I can get 80% of the results with 20% of the effort. Or even 50% of the results with 10% of the effort. And I'm not convinced it's even that.

Bots trade 24/7/365, just like crypto. They never miss a signal because it's the middle of the night, or you're at lunch, or on vacation, or whatever. Bots follow all the practices traders have to learn the hard way:
- Don't trade on emotion
- Don't get greedy - take your profits
- No FOMO - you're not going to catch every surge
- Diversification. You can't manually trade 20 coins. Sorry.

Also, this idea that beginners can't do it? There are levels, just like with manual trading.

Here's a simple, simple way that you can beat hodling, and it takes 5 minutes to set up. And you can do it for free on Binance, Pionex, or use 3Commas on any exchange they support. I'm sure there are others.

Set up a grid bot trading or a rebalancing bot between ETH/BTC. You'll accumulate BTC ahead of the market, and you hardly ever have to adjust it, because ETH and BTC are pretty well correlated at the macro level (but not at the micro level). This is what mine looks like. This is only 60 days or so, because I had to liquidate it for something else, but I've been running this basic bot setup for about a year. Beating the market by ~30%.

https://i.ibb.co/FHzLsDd/ETH-BTC-grid.jpg

Other grid bots do even better, especially against BTC. SUSHI, REN, and BAL are all running 5%/month or higher grid trading against BTC.

As far as indicator-driven bots, I've been running those profitably all year too. Sure, I've had some experiments that are losses. My current algorithm backtests on BTC/USD at over a 30% annualized return YTD. Yes, in a bear market. Did even better in that slight uptrend from mid-June to mid-August. Other major coins (not counting ones that had black swan events) have done great this year too, with returns above 5% monthly, some above 15% monthly.

Yes, you still have to have an eye on the coins at a macro level. Still have to keep an eye on the news. But you don't have to be a genius to trade profitably with bots. Just have to apply the same principles -- take your profits, don't get greedy, manage your risk, diversify as your account grows.

BTW, as far as what it costs to get into all this?

- Binance and Pionex have free grid trading - I'm sure some other platforms do too.
- 3Commas free account allows you one multi-pair DCA bot and one grid bot. A multi-pair DCA bot is amazingly powerful. Mine did 30%/month from mid-June to mid-August. Yes, it took some losses after that, but I've learned and tuned it and it's now running profitably, 10 deals at a time.
- CoinRule's free plan lets you run 2 live rules, up to $3K monthly trade volume.
- Trality's free plan allows you one rented bot and one created bot, up to €5,000 trading volume. Plus, unlimited backtesting (great feature).
- CryptoHero and TradeSanta both have free plans with 1 bot.

And, of course, just about every platform has a free trial.

Personally, I use Pionex for my grids, 3Commas free for 1 grid and 1 multi-pair DCA bot on my main exchange account, and CryptoHero for my algorithmic bots. CryptoHero doesn't have as many strategy options as some of the more mature bot platforms, but it's a lot less expensive, has great support, and very fast backtesting (much faster than other platforms).

I suggest just getting started with the free plans on a couple of different platforms. Get something profitable running. Then optimize it. Then go try something different on another platform -- each platform tends to have one or two main approaches that they're best at. It's not an either/or — just because you start experimenting with bots doesn't mean you can't keep trading manually. But at least try it out and give it a fair shake.

I'll leave you with this — screenshot of my main bot account's last few days of trading:

https://i.ibb.co/9Nrvrgz/Crypto-Hero-Deal-Log.jpg

Crypto trading bot can really make a good sense when the market is very volatile and it make one to make fast profits from trading than using ordinary the analog method of positioning a trade by ourselves. There are advance ways we can get to trade coins especially hundreds of coins in the market by doing that with the help if a bot that will keep executing trades for us without much stress. This method can be very effective depending on the type of market we are trading on.

I do not particularly like robots because they are focused only on technical analysis and only with that you cannot trade, it would be crazy, in my case I would trust more in what I think and in my decisions that are based on reasons and not on algorithms of technical analysis with multiple indicator tools, which is not bad, but it does not think, unless you have an AI that can go through any event and make decisions according to what it has read in information and trends, that would be a great tool, and that I can do high-frequency trading, because I know I would be on another level and that would make the difference with respect to everything.

Now many offer trading with robots, but what can we expect from it? just profit, right? I prefer what I generate from my own analysis rather than having to rely on robots which if we look at trading with robots also does not guarantee a high success rate. I personally don't expect much more than what they offer with trading robots. And also we rely on that, when are we going to advance? I mean when our knowledge will increase, because by using trading robots we will definitely be more lazy to analyze the market directly.

Well, in another thread I said what had happened recently and it is that a bot that I don't remember the name of, was trading for 170USD and that the bot did all the commercial transactions in people, in fact it got into Binance and did everything, but the The person in charge of marketing this bot all went wrong, and he had to raise around 200,000USD to pay the debts to all the people who had trusted him for these techniques, so you have to be very careful about robots, because in any case Moetno things can get out of control, and I didn't have those 200,000 usd, so I had to sell houses, cars, farms, to be able to raise that money.

Bot trading is very bad for traders especially newbies.   Trading with bot is really one good thing and also bad at the same time. Bot trading are meant for the whales not for people who are struggling to raise capital for trading, the bot loses some time but it's loss is mainly in big scale compared to when one can lose a trading position within his or her leverage. I don't fully go into bot trading, I depend on TA and FA inother to study the down and up candlestick.

Cryptocurrencies can also be traded through bots. Whereas bots are able to do the work instantly which a trader would take time to do manually. However, using bots has advantages as well as disadvantages. I personally don't want to use bots. If the bot is good there is no problem but if it is a trap of scammers it is a big problem. If one wishes to use it keeping security in mind then there is no difficulty using the bot.

Bots are for automation nothingless, it is really just there are people who do have misconceptions that trading bots could really make them profitable which is really a very wrong mindset to have.
It is really indeed just for the use on automating your trades and of course it would really be needing for the user to set it up according into his own analysis which means that you would
need to alter it out so that it would follow on what you had instructed.If you are a noob who doesnt even know on how to trade then you cant really just make use of these bots.
There might be some already been set up but since you arent that much knowledgeable then it would be pointless.

Well you are right, when a person wants to enter the trade and has no idea how to do it, I think that sometimes they look for ropbots so that they can operate for them, but I have experience that a brother-in-law told me that entering a bot, that he did everything, that you only had to pay 170usd and a capital yen in binance, I told him my reasons why I was not going to enter, and a little less than a week ago he came and told me that he did not enter either, but the people who they were in charge of that, they had to pay a lot of people close to $200k because they had lost too much money on it, so these things are dangerous.

when talking about paid trading robots then I hope no one enters it. especially if the bot is less reliable.
if you want to try using a robot for free actually Binance has provided it. please check the grid button on binance.

and please note that the use of bots cannot be in any situation. because if the market movements are too wild. high volatility will risk making you lose more money. a trading bot is more effective in use in calm market situations (sideways). but still I don't recommend it. especially in the current market situation.

unless you are familiar with using it. then bots can also bring good results. so to use the bot even we need to learn it first.

I don't trust bots doing trading, that is laziness and that could lead to losses. Mostly of the trader I've known they've always laugh at trading bots as they said  that you are not using your brain in your every trade. Mostly those newbies that has just started their trading journey will be looking into this as they want to have a sort of passive income but trust me you will lose your money so it is better to do it manual since you can stop or cancel your trade anytime

If it works well then enjoy your bots for me i rather stick to what i know and the confirmations i get from fellow traders. I find it difficult trusting on someones line of code that will always have bugs. Instead of bots i rather go with copy trading. Bots isn't for everyone it is never has profitable as claimed by traders who use them.

Bots follow instructions and codes that are given to them; since these have nothing to do with human sense and are unable to fully satisfy human needs, they are unable to determine when to stop trading and cash out and when not to. The market has no definite direction that anyone can set a target for, so using one's brain is necessary to prevent losses or preserve capital. According to me, using a crypto trading bot under the current market conditions could result in a total loss of capital.

In this case, I actually prefer long-term investments to trading, but I have also done this several times and even though I am quite new to trading, I don't feel that using a robot in trading is a good thing to do.
We know that even though there are indeed some big exchanges like Binane that have trading robots in them, I think this is not a suitable guarantee.
It's better not to do things like that and it's better to learn properly than to use things like that. As for us, we still can't trade. I personally suggest choosing investments with a long term rather than forcing yourself to trade because regardless of anything, we also have to know the qualifications. yourself whether or not you can do it.

I think i have reacted in this issues before because i know that some people do not like making use of bolt because of it's way of trading, and besides bolt doesn't guarantee for mega profit daily, i believe that it's why some people decline not to be using bolt application for any thing they are doing right, but i had a friend who is using bolt application to run it's trading.

What is bolt application?
Perhaps that is bots or automated bots in trading.
For me, that is only an additional cost of trading but if you can afford why not --it sometimes helps us but it depends on us how we use the bots if you are relying upon this bot to gain profit, you are wrong, because these bots are just a tool in trading that can ct in behalf of you and without you, this bots will not work.

I think there are different types of people in the cryptocurrency market. They like different aspects of the job Even though they have experience, they can't put their experience to any use, so they have different types of mental breakdowns, so I think they have to be strong and not break down mentally.

trading robots are only a substitute when they cannot monitor. All trading should not be left up to the robot's decision. I also tend to trade short term or long term with manual analysis, because it's more fun than using robots.
there must be a balance between using robots as assistants in trading and manual trading as the main method of doing. Don't use bots that don't have positive recommendations and feedback, it'll just kill your money.

One of the most misconception specially with noobs about trading bots is that these things could really make them profit or make money which is really very wrong or cant really be true but there are indeed people
who do believe on this way, but eventually learn up on the time that they had faced up the reality. Trading robots are really just good for automating your trades when you are away from your pc or
any device which you could check out your trades.It is really just simply describing as some sort of aide on the time that you are away.The strategies would be applied or on the settings would be definitely
be still depending or according into your own preference which means that knowledge would really be that relevant most of the time.

This is what I first thought about when I was in crypto because when it was my first time in Crypto, of course there was a lot that I wanted to try, including trading and of course trading robots.
I have the thought that this is a very good option to do because I don't need to learn to analyze and have more understanding about trading because it has been represented by a trading robot like this.
Luckily I read more references and discouraged myself from being and relying on a trading robot because otherwise maybe I would be where I felt was a ridiculous choice I made.
The longer I've been here (bitcointalk) it turns out that indeed my choice was the right thing and of course I'm grateful because I didn't go wrong in the end and I agree with what @AakZaki said because trading is better to do alone without the help of things like this at least own satisfaction and there are several things that can be obtained in terms of experience.

When a beginner has been brainwashed by only using robots to make profits, then they will only use robots without wanting to learn more details about actual trading, technical analysis lessons are needed to make real trades. Using a robot is only a trade that actually only makes some profits at the beginning, but doesn't give good results in the long term. we also will never learn to become a trader with technical analysis and fundamental skills.
Therefore, balance the use of bots with manual trading, so you can know what the advantages and disadvantages of the two methods are.