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Sounds like a newb question and it is but i do not know so im asking. I really want to know your options.

There are many bots that could claim that they are profitable in certain situations but what they are not telling you is how to react when something inevitable happens. Like in some particular aspect into which you will be able to trade in a bull market but once the bear market hits, it doesn't react well enough. You need to know these conditions because there is always a different condition in the market.

You could have multiple types of indicators to help determine that a sure thing could happen in the market. With a bot, you could easily let it identify that when a specific condition is met, it's going to be the approach. Whether you are long or short position, it will behave accordingly.

Nothing is really magic, but until you learn how to make the tool better. Talking about the tool of bots and how it could make you successful is still up to the trader itself. It's going to be monitored now and then.

Gunbot is an excellent tool for me that could automatically configure the settings that you have in a particular market situation. I'm here to help if you have concerns.

If you are asking if there are bots like that then there are plenty of bots. I've used a not for binance future, there is a subscription fee and the bots works the trading for you. I've just recently avail it to see how the bot works and it literally trading on futures for you. Entering an order and setting up from taking profit and setting up stop loss.

But there still risk to this kind of bots and also got some limited tokens set up. Maybe same with gunbot crwth talking about.

If there was such thing that's working really really well, I could almost guarantee that it wouldn't be publicly available and it would most definitely be only be used by the one who made it. Think about it, if you could make millions of dollars with it, would you share it with everyone hence making it less effective?

Never rely on trading bots that are existing in some platforms because that will not help you grow your asset.

It will just maintain your asset when you are working with other activities or stuffs but when you always use it in trading then progress will not chase you.

In trading, you need to work on yourself, you need to improve your skills, technical analysis, manual strategies and you will just use stop-loss so that you can limit your losses. Bots are somehow useful but when you trust it always without working on yourself then goodluck to your future.

I'm sure that you are been hype by the people who tell about that its profitable to trade with the bots since it will give you a consistent profit in the long run, but actually in reality the situation is the same with manual trading in terms of profitability since you still need to use your brains to have a good trades. If you just rely on the bots and count some possible profit that you can get then you cannot possibly get anything from it in the long run. So if I where you just trade manually since for this method you will be more knowledgeable on how to trade correctly in the long run.

Yeah.

Still people have sold many bot scripts on this very forum in the past for more than 500 bucks and some of them were just shitty scripts which were offered for couple of ten dollars and so.

Initially everybody thought it works (negative marketing) but later as the scams started increasing for the scripts the era of trading with bot ended pretty quickly. Also bot trading is stupid idea. It can't control the market stress pretty well. It's better you jump into the market with your own extinct mate!

There are actually a lot of trading bots that works perfectly fine with some people, such programs have increased in numbers since 2019. Cryptohopper for example is a famous trading bot, I've seen its name probably for 1000x already lol. But I love exploring and I've encountered more programs other than Cryptohopper like 3commas, Zignaly and Kryll.io - All are quite known in the industry right now.

Another trading bot has been launched this month as well, KuCoin's trading bot is the latest in my radar right now though I am still not sure how this program will play out. Well, the current price of ETH looks interesting and positive (see: https://trade.kucoin.com/ETH-BTC) I am happily making trades right now, some traders must be running theirs with ETH as well I am sure of that.

Ive seen this bot on my KuCoin app made me curious as its new on the app so I checked it, learn it was a trading bot then tried it and its pretty cool. Havent had any losses when I run bots, tried ETH too just like what you said and DOT and it made me profits instantly because of the volatility good entry point I think is whats making it better to use. Tried crypto haooper and bituniverse before but can say  this is better version. I will be trying the DCA too they said thats much faster than the classic one good range gives me good profits.

I am not very familiar to use with any trading bot. But yeah there are many trading bots in the market I see. So you can use one of the most trusted. :)

And I can see crwth already suggested Gunbot. So you can use it. Also there is a thread created by crwth which can help you much. You may take a look there :)
[Comparison; Tutorial; Profit; Settings] 💙 Trading bots and SUPPORT BOT 💙 (https://bitcointalk.org/index.php?topic=5098436.msg49271816#msg49271816)

There are many bots out there that can trade for you without requiring any input from you whatsoever, but to begin with are you going to trust a piece of software to trade on your behalf and that can move your coins without your input? We must remember that hacks happen all the time and you are explicitly giving control of your coins to a piece of software and even if the creator of that bot could have been in the market for years we know that companies and individuals go rogue all the time so that is a risk you will face as long as you use a bot coded by someone else.

Tons of trading bots were advertised in the internet with different strategies, different prizes but all the same that doesn't guaranteed sure profits. It could possibly you buy some bots with good scripts but only give you low profits or can definitely be not reliable as the market is really hard to handle. Ive tried buying one trading bot (not that popular) and just burnt few dollars to try it out  now, Im regretting to buy that bot and realized it is better to trade by myself rather than relying on that.

On the other hand there are still legit trading bots that give you a good profits like others are suggesting. If you want to try one of them, search for the feedbacks first.

If only it was that easy.
I'm sorry I don't rely much on bots.
There is an option that you could use with exchanges rather than using an AI.
Just don't be lazy checking it every day or whatever time you prefer. i.e. every 2 hours.
In the long run, you will get used to it, and when you master it starts to get boring.

There is no such thing as "AI" bot, if anything, it probably uses a better algorithm to determine your entry and exit target. In short, it depends on how well done a bot was coded.

You could probably make a clone of Zenbot and ask an experienced programmer to add more strategies and improve the algorithm used by the bot, with advanced monitoring tools.

Interesting observation right there!

There are a lot of trading bots out there but most of them comes with a price so if you don't have a budget for this kind of things I really think you should not buy trading bots. Though to some professional traders trading bots are really helpful.

There are actually tons of them out there, but only a few of them (just maybe) can give you long-term stable profit from most of the trades it take, whether it's by scalping or swing trading.

The hardest part is finding those bots that actually work as well as their owner claims, you obviously can not just search for trading bots on internet and buy whatever comes up as the first result, buying a bot that just puts buy/sell orders, stop-losses, take profits and make other minor changes to your position is one thing, but it's totally another story to buy bots that take positions/trades for you based on their AI.

I know some people that got a very good result on some trading bots short-term but as the market got more volatile or even worse change trend their profits turned to losses almost immediately.

My personal suggestion is to not ever waste your time and money for a trading bot that takes trades and positions and close them accordingly based on its AI, there's a very small chance that you could find a bot that does it right in long-term and I really wouldn't take that chance, but you still can buy one of those bots that do other things like set stop-loss, take profit and add to your position automatically depend on how you program it.

Cryptohopper is good though, just a few errors I got when i used it but overall its fine. The KuCoin Bot one is still new in the picture, don't have much strategy yet so I can't fully give my opinion, wishing they could lower the minimum investments a bit for those who don't hold much coins.

So far my running bots there are earning good, earned a decent amount with EOS and BTC yesterday.

I'm a new user on KuCoin and I saw some of people on Telegram group talking about that trading bot thing. When I checked it using my Kucoin app, the minimum investment on most well-known trading pairs are too high, Some of it are 100 USDT in minimum. When I asked someone regarding with that matter, they say it will be fix soon. If the minimum is not that high I'll try to set trading bot for ETH or DOT.

Yes they just launched it afaik they have some pairs there which only requires 6 usdt and i think they are still trying to lower the minimum investments of the other pairs too they adjusted eth already afaik it only requires 12 usdt.
betting on the most volatile one can really give you profit 👍 crypto hopper too

there are still pairs that need to be on the kucoin trading bot, pairs that are way more volatile than the existing ones in the app right now and yeah they really need to do something about the minimum investments.

As long as you have a good entry you'll be fine, using the bot the right ways can give so much profits.

I would say Gunbot is up there with the best of them, they are very well known and sold over 10 thousand licenses so far which is by far one of the highest in the whole crypto trading bot scene. I have used both gunbot, cryptohopper and few others (mainly gunbot and cryptohopper though) and I can say that it is more about the person who uses it versus about the bot itself.

I have seen same bot used by different people in the same exact moment and one of them lost 20% of their portfolio while the other doubled it, this is not just about one bot neither, it works for almost all bots unless bot is bad itself.

Cryptohopper, gunbot, 3commas, and many others all are decent enough, which means if you are good at using it, you are going to profit, but if you are bad at it, you are going to lose (or collect bags mostly) while using it, it is about you not the bot.

We have lot of Open sourced trading bots available for people to use or can even buy the one with subscription fee which only execute the trades based on the algorithms set by the users.

AI technology exists but still in the early stage so you can't find such AI trading bot can make trade for you can actually make millions or even in billions everyday but it is still few decades away and may not be available for these kind of usages for sure.

The link below is the original thread and is still open. Probably you could post some discussions there about the different types of bots out there. I'm not particularly updating that thread anymore and I locked it.

https://bitcointalk.org/index.php?topic=1944274.0

Open sources are good but you need to have some programming prowess or at least skills to tweak it to your liking, it is still the best one though as some trade bots are not that good and the subscription to use one is not worth your time if you weigh the profits overtime. There are some bots that can make you serious money if you have the skills to tweak it to make profitable trades and you have a lot of money to spare, for example, you can make millions with trading bots if you are a manager of more than one accounts in trading and you have a lot of investors that are pouring money. AI has advanced, OpenAI is a promising one and I think that if companies were to focus their efforts in creating an AI for trading then they might be able to do it at this moment.

It is true that there are trading bots that can replace our trading, but they are not completely automatic. We need to set up the bot first.
And we also have to be diligent about updating, so that the bots we use can trade properly and can generate profits. I have tried several
trading bots, but the fact is that they are not 100% profitable. Sometimes if the market suddenly changes the bot makes the wrong trade
and results in our capital running out. So it's still better for me to do manual trading, because we control everything ourselves.

If they want to make money then surely they need to learn the enough skills needed for it and programming can be quite useful for someone who used to spend lot of time watching the screen in a day. AI trading bots are not practical in my opinion because if it exists then people can make millions with it in no time so the whole economic structure will collapse.

If you are asking whether there are bots that can trade on your behalf then there is but with regards to profit then that is the other issue because there are many owners of AI bot that claims that their bots will give the user a good amount of profit.

But frankly speaking, I haven't seen or used this kind of AI bot but let's see if there are professional traders here who are willing to share their AI bots for trading which can genuinely give us a profit if we are going to use that bot. But if I were you, it will be better if you will be dependent to your knowledge instead of being dependent to those bots as the chances that you can earn a profit if you are going to use a bot is very less not unless you can find a bot that works 100%.

This is the only conclusion that makes sense, if someone could build such a bot will it make any sense to sell licenses for it knowing that in fact all the bots use the same strategy? Such bot is going to diminish its efficiency with each sale that you make, the other option is that you keep that bot for yourself and invest every single dollar that you have in the markets and let the bot become your own money printing machine. Which option makes the most sense? And it is obvious it is the latter which is why most bots we see online are disappointing at best and a scam at worst.

That’s totally on point. And in the first place we don’t know the real purpose behind the creation of these so called bots. But I were to presume, it would be for the benefit of the creator of course. And I were to be in the shoes of the creator, finding that the bot would benefit me, I would have many second thoughts on just sharing it to others just like that.

Glad Im seeing this first.
I was planning to check KuCoin but it seems the minimum is too high to try.

Currently Im trying Pionex, I dont know tho about the results. Still testing if its good.

One correction: It just wouldn't be available.

AI isn't on human's level, it can't read and analyze data, it can only do mathematical things but trading isn't based on mathematical formulas alone, you may calculate the risk of investments, etc but you can't really calculate whether Binance will be hacked tomorrow and Bitcoin's price will go down. None AI can calculate it + none AI can have an imaginary about it + none AI can read and analyze the news if such thing happens.

And AI will never be on so high level. If yes, then we will be new gods for them and ourselves we will be on another level.

I really think that if there's an AI with such capability of making large profits then doing trading is gonna be some stupid thing to do anymore, I mean what's the point?. I'm pretty sure the government  gonna regulate that bot almost like immediately or if the worst to come  everyone gonna use that bot and the market gonna be such a mess rendering the bot itself useless. so the answer is no,  there's no such thing as bot with high level AI just yet.

I can trade for you. MT4 account, trading forex, enough capital is required.

"If" there was a bot like that, believe me the creators wouldn't even sell it. Because if there is a method that AI could make profit, if there are 10 thousand AI's trying to do the same thing would kill the business immediately, we are talking about something viable only if there is handful of them and not a million of them. However if there was one that worked properly and it was sold and everyone who bought it made profit?

There would be millions of people who would buy it, even over a billion, because who wouldn't want to put money into some AI and make profit, if it works then everyone would want it and everyone would want more and more money. Hence even the idea itself is mute point because something that guarantees income can't be sold that much since it can't guarantee income at that point. This is an idea dead at birth that can never happen.

There is no completely 100% guarantee profit since the market is too volatile and bot depends on how we set it up, it can have time that we will earn but there are also instances that we're not. Setting stop loss is still needed to consider since bot can't think automatically or adjust in the market condition we must still give time to look on it for updates or changes in our trading.

There is one scenario it could make sense to sell your bot but not for a few dollars, those in finance create bots all the time as well and if you can design a winning strategy then you could sell your bot for hundreds of thousands or even millions of dollars if you do not have the capital to make those profits in the market then it makes sense to sell it to one of the biggest investment firms in the world as they are always looking for new strategies to earn money, but except for that scenario it makes no sense to sell your bot for such a low price.

first of all real artificial intelligence is not yet invented, what we have so far is a very poor version of what you think and is mostly predefined scripts that can only run in predefined conditions and are not capable of doing much else in unexpected conditions such as the ones that we see every hour in the cryptocurrency market.
for example one thing that always kills the profit of bot traders is the altcoin pump and dumps which create huge unpredictable price swings up and down that confuse even human beings let alone some automated script.
we even have such things in bitcoin. for example a couple of days ago we saw a short squeeze that was mostly bankrupting shorters but also it affects the bot traders.

I believe this can be built in the coming years, I definitely believe that. And I will like to present the possible ways in which the system can be effective. If you are a forex trader, you will know that there are some factors that are responsible for bull or bear. Such as situation affecting a country or some other external factors. If the AI can be built to gather these information, at a speed of light. It will be very easy for the bot to function maximally. The bot will function like human being, because if not, even if you make thousands, you can loose it within a minute. Without that I see the bot coming into existence and will later crashed or not been fully effective.