Bitcoin Forum

Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.

What trading bots have you used so far?

Since you used several bots already, there might be a chance that you already used some of the future suggestions here.

What are the things did you see at those bots that didn't meet your expectations?

---

Hmm. so you are expecting that using trading bots should give you decent returns?

It depends on what expectations you have regarding a trading bot.

If you have your own well-thought-out strategy and only need to automate your trading, there's a few good products out there.
But if you want to find a bot that already have a winning strategy and doesn't require any efforts from your side, I'll disappoint you. You know the answer ;)

I used the Zignaly trading bot and crack Gunbot

Don't want to be intrusive but we're a small team of traders and running a social trading experiment now.

The idea is simple: give a toolset to create a custom algorithm based on Neural Network to users who don't have enough experience in trading/or a new to it.
We're in open beta now and it's currently free at the moment. You can give it a try by demo-trading (no exchange account required).

Our thread: https://bitcointalk.org/index.php?topic=5090996
If you need help or some clarifications: https://t.me/bipoongroup

Be careful about using crack version of Gunbot if it's from unknown sources the Crack gunbot might have a backdoor or any script that can steal your assets.

If you want a free version of trading I recommend you to check Gekko trading bot their official website is here https://gekko.wizb.it/
The only problem from this trading bot they only have few trading strategies but you can add more strategies manually the guide is included from their documentation you can find it from here "Make your own strategy with Gekko (https://gekko.wizb.it/docs/strategies/creating_a_strategy.html)"

I made a crack my friend. there are definitely no extraneous scripts. On this bot, I went for a plus.

I wouldn't advice you to patronize bot makers and sellers if you're a beginner in trading. The secret to success in the trading world is being skillful in trading.

 Bots are just tools and if you don't know how to use them, You won't profit from them. Majority of the bots available today allows you to create your own custom strategies, the truth is, you won't have much success with that too if you don't know know these strategies and how they work.

So I would suggest you learn how to trade first because if you do, It'll become clear how best to use these bots. The only downside to this approach is that learning to trade can take time, personal efforts, patience and consistency. But if you decide to go down that route, you'll thank me later on.

Here are some resources to learn how to trade:
1. https://Babypips.com – You can skip to "elementary" if you're not interested in forex.
2. Youtube

---

Skip to this point if you think learning to trade is BS or you already know how to trade but want to use a bot.

Bots :

1. https://cornix.io/  – Telegram-based Trailing entry, take-profit, stop-loss etc. (works best with signals).

2. https://3commas.io/  – Smart trade, Smart cover, bots etc.

Short description of a few popular trading bots is here https://trading-bots.blogspot.com/2019/11/best-crypto-trading-bots.html
 (https://trading-bots.blogspot.com/2019/11/best-crypto-trading-bots.html), but personally I do not think that using out of the box, cheap and popular algorithms can bring any reasonable profit. I think these are rather great toys or first steps for understanding what scripting or trading automation is about. But anyway, good luck on your journey!

As for the "linear" algorithms (using bunch of inidicators), I can agree that in the long run you'll not have any positive results. Market constantly changes that's why you have to tweak your algorithm. And if you aren't a creator how could you know it'll be profitable in the future?!

But if you apply AI/Neural Nets then you have much more chances to create decent strategies. Market has changed? Good. You'll see it in your neural net's equity curve which strats to decline. And you re-learn it using "fresh" market data.

The more important thing is how you apply risk-management to your algorithms because you never know the results in advance.

The trading bot that used is Gunbot and Bituniversd so far this is okay but it defend on what kind of trader who you are and which altcoin pair do you want to trade. I advise to you to lesrn also the trading so in the future you will not need to used this trading bot.

That's true. I've seen implementation of AI/Neural networks /machine learning trading bots. The only problem is that, the current bot providers don't update their data/training models  and at such, these bots become sub-par and limited, most times leading to more losses than gains since the mark3is continously changing.  AI based bots would be a success but most are poorly maintained at the moment.

It is very strange that I do not see many people posting their profits and successes with these trading bots, it seems that the results are not very good. You said you used some of these bots, what was the percentage of your profits? and have you tried to trade without using these bots? If you have already traded without using these bots, what was the percentage of profits without using these bots?

If trading uses bots then there is no skill for OP and only relies on bots and the percentage is not very good, I'm sure there are a lot of manual trading done by experts and beginners so you are a challenge for us to be able to learn technical analysis in trading so in my opinion bot will not be maximal in the percentage that the OP gets.

Gunbot is pretty much popular in terms of feedback. But why do you need to use a bot for trading? Bots have good uses but they are not better than humans. If you have a good knowledge on trading, it is best not to use a bot. Well, if your time allows you to trade spot on you better be developing your trading skills and rely on it rather than on a less intelligent bot.

You should leave trading bot before too late, there's no guarantee your money will come back. Bot is easy to use but you need to know market in real field. Do by yourself your performance will increase and no one can stop you to get bigger profit. I can't suggest any bot but trust me, leave the bot now.

What are you actually looking for in a trading bot? And what are the bots that you've used so far? As well as what were the things you disliked in those trading bots you've used so far? There are quite a few easy to find bots in the net like gun bot, gekko bot, kryll and such.

And after saying all that, imma just turn it around with me advising that you stop using them. It provides close to zero guarantee that your funds can be managed properly 24/7 365 a year. You also wouldn't get to study movements closely because of it.

I completely disagree, bots are really helpful but dont relly on these. It will make you easier you work in trading and helping you to watch the market in a correct setting in bot and probably you can gain a massive earning to it. I personally used Gunbot but this is not my suggestion for you just research your own bot and which exchange site it is applicable. Here is the link and review of all bots and the corresponding exchange which are effectively used, https://www.finder.com/cryptocurrency-trading-bots.

The bot that you use will not bring real trading profits, but whatever you do trading by the bot is not optimal, I believe that trading with your own hands and doing new things to know that trading requires good skills, not relying on automated bots.
You simply analyze and and see the market movements that occur and that is enough for your trade.

If you want to learn about bots I can say that most bots for sale can only process a few simple orders, all important decisions are made by the traders themselves.
If you are looking for a bot that can make a decision and make a profit, I think you will be disappointed, there is no such bot for sale. Because if anyone has a good trading Bot they will not sell it but they will use it to get rich.

I think this problem could be solved by putting learning mechanics on the users' side so they can run re-learning process of their Neural Network-based algorithms. This is how we've solved this issue so far.

If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms?  I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.

No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.

I've tried various trading bots for stocks and forex back in the day. They were all optimized and backtested and basically they all eventually failed. Many reasons for this.

One reason is that a bot usually works best in a ranging or trending market. So a bot might of worked in 2017 during a bull market but would of not worked so well in 2018 when it traded sideways for many months, same with the first 3 months of 2019. So you won't know in advance what kind of market we are in, whether trending or ranging. If you did you wouldn't need a bot pretty much.

Another reason is that in backtesting you never get slippage. Slippage is very bad in crypto markets due to thin order books, so you might get into a trade way too late or exit way too late. So it might look like a good trade on paper but in real life might look like a loser. You can't backtest real-time markets only forward test them.

Last reason is that if a bot becomes too profitable then too many people will use it and it won't work anymore. This happened to a popular scalping bot back in forex about 5 years ago, basically the brokers knew people used this bot and just traded against them and trapped the bot traders and caused huge losses. Hence if it works, it will work temporarily before too many people use it and it won't work anymore. So basically if you design a bot that works, don't sell it to everybody and just use it yourself.

You're right. Trading manually is a lot better as it will be based on the knowledge you have learned from this market and you will know how to manage your assets if a bad case happens. One way or another, the risk from trading with a BOT will be much higher and it may not always be possible to make good money because I have seen many cases of losses when BOT had problems.

I am testing the Bitsgap trading bot (https://tradingbot.info/bitsgap-review/) for the last 5 months. You can read more about my results here: https://tradingbot.info/category/results/

P.S. I am also willing to launch another bot for the transparent testing, so if you want me to test any service, just leave me a message here.

For anyone on a budget zignaly+tradingview is more than enough. You get to customize your alerts/strategies as you wish and have them executed easily via email signals. You can make it quite complex if you code in pine editor. At this point I'm only paying for basic tradingview plan and it is enjoyable.

Wait what? You don't have anything to do but to press the enter button? So where is the essence of trading on that? where is the risk? I'm not into trading bots, but I like the idea of automatic trading however if it happens that all of us will use a trading bot we will just cause a stability in the market since everyone is on waiting line. "No trading experience required" I think that is rigged, it's like offerring free money to anyone who's interested on looking to that platform which I in my opinion a true good to be true thingy.

I am using a trading platform for algorithmic trading with a visual environment. no need to code, just using smart logical blocks to build fully or partly automated algorithmic trading strategies for any market. It's free in the lab mode to build, test and optimize. to trade on exchanges you need to pay. they have full integration with large exchanges for example Binance, Bittrex and Bitfinex etc. you can check it here www.tslab.pro.

Yes, that's the case with Neural Networks learning process for the users. We've tried to make everything as simple as possible.
As for "stability in the market and waiting line", it's true if we would've implemented "linear" algorithms based on indicators/chart patterns. When you have only 1 algorithm for a lot of traders it's no doubt it has its liquidity limits.

With Neural Networks it's another case. Each user creates its own custom algorithm via running a learning process. Each algorithm gets its own entry/exit parameters (randomly). Of course, if you running the learning process at the same time on the same historical data set, more likely you'll get pretty similar algorithms.

It's not free money. You have to do your homework. Let me explain:

1/ You have to assess algorithm's historical performance (back-test results)
2/ Even if back-test is positive, there's a certain degree of probability that it'll generate losses in front-test/live trading.
3/ Taking into consideration the aforementioned statement you have to apply risk-management and run "portfolio" strategy. I mean that you have to train 5-10 Neural Netwotks and launch in live trading 5-10 bots based on them.
4/ Every Neural Network-based algorithm has limited lifetime due to ever-changing market. You have to re-learn it or it'll generate "out-of-date signals".

So, risk-management + assessment (which algo and when to re-learn) is completely on user's side.
Neural Networks only generate a decent entry/exit signal in this case.

Most trading bots can perform simple strategies only and you have to implement your own strategy for bot. However many bot contain virus/ backdoor that can steal your money so you should use open source only.

Thanks for your information.
It must be safe also before using trading bot. Our funds might take away from us. Specially if unknown sources got our keys and assets. In my opinion, it is better to have technical analysis than depend on trading bots. Because in trading your own style, you will not depend on others idea or even bot. You can also improve your portfolio or strategies to gather profits.

I often hear negative reviews about trading bots, and yet there are statements from users who successfully use the Bot, although they receive minimal income through these programs.  You are talking about very strong dangers that these programs hide for traders, but is there any way to choose the best and not dangerous bot or how can it be checked for possible harmful software?

Back in to those good old forex days where i do make use of EA/bot and it did work for how many months until that Brexit which do mess up everything leading my entire account on fire. lol
Everytime theres a major news i do usually stopping it on yet i know that prices can really be that volatile yet the bot ive been using is for scalps and if huge swings do happen then you do know
on what would happen.It does really still need some human intervention not totally depending on it or leave it because this is one of the mistakes ive done yet im too confident that it do work.lol

Your thoughts are so unclear, you don't want trading bot but you want an automatic trading. How will you do that without something that regulates you account? The only thing than can do that are the trading bots that was invented for us to earn money even if we're busy.

Just program you own strategy and let the trading bot work on itself. Just monitor it and don't leave it for so long that the time comes when it is broken or not doing well after a long many trading transactions.

I have used couple of bots in the past and I have tried various online stuff that I can't even remember right now but not many of them really delivers a profit that's stable. That is the trouble with bots, they are not stable and that is something you can't really follow because if you would that would mean you could have basically traded yourself as well.

Bots are not for people who do not know how to trade, if you can't make money yourself while trading, you won't make money with the bot as well. The whole purpose of the bots and how they are useful is if you are a good trader with some certain method that makes money, bot allows you to keep doing that on 50+ coins 24/7 without stopping, but you HAVE TO be good at trading to teach the bot how it could make money, otherwise it would just be experimental eyes shut hoping.

You got a small profit? And… a big loss I guess?
Well, I will advise you to better learn the trading and go for it yourself instead of making use of bots.

Trade bots are not really profitable, it's still your choice though, but I have checked most of these bots even those that some people have claimed are profitable and none of them were really that profitable. If you calculate your profit and loss, you will see that there are lots of losses than profit. The open-source trade bots are the ones that are even worse, and I am not going to blame the devs, because no one will create a bot that works perfectly and make profits and then leave it free for people.

Hi, advise the best trading bot. https://tmtr.me/joinchat/AAAAAET9X--48k101d0NWg

Zignaly trading bot and ents bot

Have you looked at other ways to make profit? I used to use a BOT but it was lame and only made like 2-4% a month. I tried P2P trading and actually made the same amount of gains on one trade than I did for a month of bot trading.

I just sold my BTC and alts on places like LocalBitcoins and  Vertex.market (https://vertex.market) and profits have been good. I rarely trade myself nowadays because of how accessible P2P trading is. It does take time to build your account, but when you get it right, you can get 10-15 trades a week.

Remember, trading bots are just a tool to help you make trades and relying on it all the time is not a smart act. For the number of trading bots you've used, I could suggest to decrease its numbers and focus on one or two. Only you have to do is to find which one is better.  But I don't know if you are using legit one cause if not, you just simply make your losses by then.

I havent used other Bot out there than Gunbot and I’ve been using it for almost 5 months and so far tne result is acceptable in my standards. I works as advertised and one thing I like a about this Bot is that theres a huge community of users that are helpful in resolving issues that users encountered. For me thats the most important which is the after sales unlike other bot that I read here, after being sold and installed, they are on their own and if any issues come out, send and email and wait.

I think it is better to trade without using a bot Because using bots you can do the same Boats can easily be used to do business but bots should be used as they are usually scammed Make your own decisions and practice in different places.

I am still interested with that trading bots or whatsoever it is, what's important is the learning and profit. Many stories here told us more awesome experience, but how can we definitely conclude those matters without any personal experience? With respect to the best bot for trading, I am expecting some links for videos of any tutorials on how to perform that so called trading bot 2019.

Bot is just a script. It is only as good as your strategy. Find a winning strategy -> automate it -> profit. There is no black magic.

Well, I only started to use bots in my trading. Actually, it's an info bot . I'm just trading on this exchange. So, when I saw it launched such a tool, I decided to try it and see how it works. Now, it's one of my favorite instruments in trading, as it keeps me informed about the current market movement and price changes. But you have to decide which one to use according to your needs.

As for me, bots are always a small plus. You can’t sit and wait until the program earns money for you. Therefore, I stopped using trading bots soon after I started to do so. The only telegram bot I still stick to is https://t.me/CexIoInfoBot. It doesn’t trade for me, but it helps to understand what trading pair worth my attention.

What kind of trading bot that you used? so do you preferred all of them that is 100% percent sure? instead of trading manually
Using trading bot is not 100% accurate there are time that it encounters some machine error and it may loss you in trading. So that I preferred the best, trade bitcoins manually stay away from trading bots, trading is not an easiest and instant thing, but it invest our more efforts to trade, and it may lost your assets because of using a bot.

I have been looking for a trading bot for latoken. I haven't found it yet and it seems like it doesn't exist.
I prefer trading in Latoken because it does not require large capital. if there is a suitable bot, please share it here for me.

I suggest don't try automated trading because it is not that accurate as you think that it won't really help you in trading. Trading are only in managing your portfolio while you are away, but it is not profitable, that is why trading manually is still the best way for you to have a successful trade even sometimes we experience a human error.

Hi! Well, for me Bitinsure (Insurance for your Digital Assets (https://www.bitinsure.com/ (https://www.bitinsure.com/))) application (mobile+web)) works excellent. It is software that improves trading with 2 major functions: automated cloud risk management and real-time statistics metrics.

**Risk management **limits and controls your losses (several trading limits and sends you an alert when one of the limits that you configured is reached. This way you build a sophisticated trading system and keep in control of your funds. You stop unwanted losses and earn more with less time spent.
**The automated statistics** of your trades that can be used for the analysis or hedge fund presentation (if you give money under management). The statistics is recorded in real-time, so you can easily analyze the indices needed in a convenient form and spend your personal time on what really matters for you.
I trade futures on Bitmex, so, it’s really helpful for me! I started earning in a stable way and do not worry about losses. Bitinsure does it for me.

Quadency.com is a pretty nice platform to aggregate all of your exchange accounts and make a variety of trade types from one place. They also offer free bot trading, smart trades, etc. Give them a shot if you haven't,  great platform overall with a good active team behind them,  hope that helps!

Try looking for 3commas or gunbot i believe they're one of the popular trading bots out there. But be advice that trading bot are only profitable, if you know how to correctly tweak the parameters.
I also advice, if you're a tech savy type of guy is to build one of your own bot and code the algorithm's you want to use as your strategy. It would be cost effective and much more convenient to use cause you know how it works.