Bitcoin Forum

I've been considering automating my cryptocurrency trades, since it's very time consuming to keep watch at market prices and buy/sell at the right time. Searching across the web, I've found a few trading bots which are quite promising in features. However, I'm not sure which one's the best (or the most efficient) among them all.

As such, I would appreciate if someone could guide me into picking the right trading bot with the most exchange support. I mostly trade on centralized exchanges, although decentralized exchanges are good too. AFAIK, I haven't seen a trading bot for decentralized exchanges such as Bitshares/OpenLedger, CryptoBridge, or even EtherDelta.

Any suggestions? ???

I personally haven't tried it, as I only do mid-long term trading, but I've heard good things about GunBot[1].

About being the "best" and talking about efficiency, I think it depends more of how you customize the bot rather than the bot itself.

Again, I haven't personally tried it, so don't take my word for it. :P

---

[1] https://gunthy.org/

I guess its the Gunbot that is good in terms of support. Gunthar is very active in this forum and gives update from time to time. There are also other members in this forum who can give a good feedback about the Gunbot based on their experience in using the bot. Look at this list of Bots, some of those in the list is not actually a bot but it may help you look at other options https://investingpr.com/bitcoin-trading-bot/

It's funny that Bitconnect is listed as a trading bot here.

I've used Zenbot and Gekko in the past. IIRC they support major exchanges, maybe around 10 of them. Not sure how many exchanges they support by now, but it's worth a try because they're open source and free. As for DEX, I'm not sure having a bot is a good thing because you might expose your private key.

I do not recommend trading using BOT,
okay I don't blame if some people believe using bots, but for those who haven't used it don't try it, because the risk is greater than getting profit,
and being a trader doesn't have to be always in front of the computer watching the market.
we can do traders with once a week, and put an alarm on our assets.
quite easy actually.

Most people use bot because they don't want to stay 24/7 in front of the computer. I mostly agree that using bot is not the best choice, but that's because sometimes algorithm/TA doesn't work. If you understand the algorithm and know how to set it up, using a bot is probably a better choice than spending your time in front of the computer.

Swing trading, which is what you describe here is not bad, but for people who prefer day trading, using a bot is still a great option.

I try many bot and the result is same, good at start and bad in end. Not all bot like my experience but I never see perfect bot because the reality is about money management, you can control it you win. Try to read bot guide carefully and find members opinion about the bot, the answer is my experience.

I recommend that you do not use a bot if you want to make an intimate recommendation because the use of a high percentage of bot will always return you as a negative result. Especially, I think that the risk that will be provided to you will not meet the return if you think of various reasons such as incorrect bot operations, hacking events and theft of accounts. Of course it is your decision, but I found it more appropriate to make an intimate suggestion instead of making a recommendation in my message.

Personally I had some bad experience using trading bots that's why this is a red flag for me. So I just do mid to long term trading to cover up my previous losses with bot.

Likewise, I found this interesting article ( which I just later found out ) and it seems those listed are good to try.
Some are with monthly payment and some are for free. Feel free to check here.

https://www.bitcongress.org/bitcoin/trading/best-bitcoin-trading-bots/


P.S. I'm thinking right now to give it a shot again. ;D

Gunbot is probably the best known around here. If you need something to start trading without too much trouble and you don't care to pay for it, Gunbot is good. Scavenger bot is also worth checking out. It has no up front costs you may check it and pay a percentage of the profit you make. If you need something that is free, you can try Gekko. It is an open source bot and it is not so easy to install, but if you can do that, you can use it for free. But you have to know how to set up the system. There are some freely available strategies, but I don't know how well they work with it. Another free bot is Zenbot. Also it is not so easy to install.

So far, Gunbot is on the top I think because of their good services and its only a trusted bot. I’ve also heard about their effort to help the victim of cryptopia hacking incident, so by this I can say that they are fully committed to their customers and will do everything just to deliver a good service. 

I will NEVER suggest these ways at all. I feel it’s sensible that we work towards trading manually, it’s not all that easy but it is something that is the way to a long and healthy career. At least, it is my personal opinion!

There are no guarantees with trading bots any many people with them actually end up losing money on top of paying for the bot itself.  I suggest finding other income streams instead of relying on unpredictable algorithm trading.  Even if it was successful there would be so many people using the bot your profits would dwindle to practically nothing because of all the competition.

It is not advisable to use bots, what I recommend is reading books about important authors and speculators, having a bot, it is like going to a casino, it is preferable to go to a casino, which you know is in the presence of bots that will always make you lose , in trading it is very possible to obtain profits thinking and understanding the market.

I’m not using any BOT on my trade so I can’t suggest which is the best but a lot of recommendation here are true, Gunbot is one of the biggest tradin bot and it works well to some people since they continue to subscribe. I just don’t suggest trading with the bot because of the risk and uncontrol trading decisions, better to do it manually and if you’re busy don’t trade and don’t depend on bot.

 I Try a view live demo does not working to me

My best bet is to trade manually IMHO using Bot to trade fails in most cases I quite agreed with the OP that its very challenging sitting in front of a computer  for long time however the OP should strategize his trading strategy to using a higher timeframe maybe minimum of 4 hour timeframe to minimize the number hours on PC rather than automate the strategy with a Bot.

I am not using any bot. Actually I don't like bot for trading, because bot can't find out the best when market turn back to other sides. So I don't think bot is usable for always. So better is avoid bot and work with your brain and knowledge. It will be the best bot.

I just started to use the free bot of

https://tradesanta.com/

It is in early stage so there are still some smaller bugs, trading runs smoothly though.

I made around 45$ profit with a balance of about 2000$ since 27th January. They also have a very supportive telegram group.

Well my friend, how long have you been in the crypto world ?
See your post above i just feel you act like a newbie who just found out about crypto, and believe it or not, BOT Trading is something bad and is not recommended, the signal owner only gets profit for himself, not sharing with you

Thank you very much for your recommendation. I've heard about GunBot before but wasn't sure about it since there were many sites which offered the bot for purchase. I was confused which one was the original site, so I've stepped away from it and looked for other options instead. Upon receiving your link, I've confirmed that it's indeed the official site for GunBot.

If the trading bot is as efficient as they claim it to be, then it would be great for automated day trades. I'm looking to profit with the minimum amount possible of coins over time. While I don't pay much attention to how much I earn, leaving a trading bot 24/7 is a great way to generate passive income over time.

Nonetheless, I'll be testing this bot with Dogecoin to see how it goes. :)



Thanks for the tip. GunBot seems to be the most popular and active trading bot available today. I'm deeply interested into using trading bots to automate my trades, especially within decentralized exchanges. One cryptocurrency which I believe that it's the best for day trading, is Dogecoin. It fluctuates wildly in price within a single day, making it perfect for automated trades.

Nonetheless, I'll be testing different bots among the list you've given to me. Hope to find the best one that will suit my needs. ;)

There's another trading bot called profit trailer
Here's a link that goes to the thread for Profit Trailer
💰💰💰[ProfitTrailer] Bittrex - Poloniex - Binance 💰THE BEST TRADING BOT 💰  (https://bitcointalk.org/index.php?topic=2274298.0)
Profit Trailer & my experiences with it. **Huge growth of Binance account**!! (https://bitcointalk.org/index.php?topic=2936467.0)
Price is comparable to Gunthy however if compared to the after sales to Gunthy, I guess Gunthy wins with flying colors.

This all sounds very interested and looks like trading bots are popular, especially GunBot. But I would really like to know if such bots have helped someone to substantialy improved trading and enlarge profit? I still don't trust bots and don't think they can replace human intelligence, knowledge and capability to make right decisions in right momenta. But if you have some good examples to share I would appreciate that.

Thanks. I've never heard about this trading bot before, but I'm certainly going to have a deep look at it. So far, I'm attracted to GunBot due to its popularity and trust within the crypto space. It has many features and supports the most popular crypto exchanges known to date. I'm looking more into trading highly volatile cryptocurrencies like Dogecoin.

I guess that properly configuring the trading bot, will help me automate my trades for profit. I'll be testing different trading bots, to see which one is the most efficient in helping me achieve said task. So far, most trading bots are paid, but it would be cool if there's a trading bot I could get for free.

Nonetheless, I appreciate everyone for their trading bot suggestions. They're helpful. :)

I didn't have any experience in trading using bots before, so I can't give you recommended trading bot because my lack of knowledge on the trading bot. My own purpose by write post here is to give you reference a new website (botcompare.top) that make a review about trading bot which includes how many indicators, strategies, and exchanges they use on their trading bot.

Maybe this site can be used for your reference to choose trading bot. And you can give some advice or request to the site by joining their discussion in these thread https://bitcointalk.org/index.php?topic=5108604.0


Note: I don't have any relationship with those site developer or staff.

I can't tell you which bot is the best for you Because no bots are good. I've only used the bot for 2 weeks so far and the results didn't make me happy. You can also lose or profit at the end of the day but don't forget this
trading is not dependent on chance. so I suggest that you do the trade on your own in order not to leave the job to chance and to earn knowledge.

Try Gunbot but i think some exchange dont really support that but you can check their specification there Apart from that if you really want to learn trading well i will suggest you stick with your graph analysis and other brain activities you get more experience

Thank you very much for this mate. While I've already chosen GunBot as my trading bot of choice, it's good to have a site where you can find reviews and other indicators about the different trading bots available. AFAIK, all trading bots require a certain level of investment to be able to use them. If there was a trading bot that I could get for free, it would be even better. But even if there isn't, it's well worth paying the money to obtain a trading bot that supports many popular exchanges.

Personally, I prefer to use trading bots on decentralized exchanges than on centralized exchanges for many obvious reasons. But considering that centralized exchanges have more liquidity than decentralized ones, it's better off to use trading bots there. My coin of choice for automated trades so far is Dogecoin.

Nonetheless, I hope to make good profit by using the trading bots listed here. 8)