Anyone have tips for trading bots?

[orion22213]

So I am trying to automate my trading a little more.  I just found CryptoTrader.org and didn't know how many people have experience with these bots. 

Any Pro tips would be really appreciated.

Also interested in potentially learning how to make my own bot someday but that's for a long way down the road.

[voltesbit777]

So I am trying to automate my trading a little more.  I just found CryptoTrader.org and didn't know how many people have experience with these bots. 

Any Pro tips would be really appreciated.

Also interested in potentially learning how to make my own bot someday but that's for a long way down the road.

It is still much better for you to still do the actual trade than this one using trading bot.
 because most of the successful traders get their big bitcoin profit by doing actual trade or day trade or long term while holding
their coins.

[Pursuer]

essentially all you can do with a bot can be done manually too. these bots are used to make things easier and also faster not many are designed for automation, apart from things such as using them to do some stop loss trades for you. although there are some that do more than just simple functions but they are going to be expensive.
so the question is how much do you earn from trading, if it is high enough, then investing some of it to buy a good trading bot can be plausible.

[Viviyang]

If you like trading with bots there are two famous bots on the forum, gunbot and the cat bot.
Cat bot is quiet old and api from supports most of the trading websites.
Gunbot is for poloniex as far as I know.

[JeffBrad12]

So I am trying to automate my trading a little more.  I just found CryptoTrader.org and didn't know how many people have experience with these bots. 

Never try to use the random bot, I mean just use the reputable bot that the bot already had a lot of reviews from the users. Try to see gunbot, already done a lot of reviews about it and it's legit one for you.

Because the bot can get infiltrated by malware. You must be careful to choose the best one.

I didn't ever hear cryptotrader but looks suspicious for me.
Just following my suggestion to avoid a suspicious thing that bot can give you a risk.

Also interested in potentially learning how to make my own bot someday but that's for a long way down the road.

Do you have basic of programming? If you don't and just forget it.
You must be having an experience with programming. If you want to make your own bot and that becomes your responsibility.

[mindrust]

So I am trying to automate my trading a little more.  I just found CryptoTrader.org and didn't know how many people have experience with these bots.  

Any Pro tips would be really appreciated.

Also interested in potentially learning how to make my own bot someday but that's for a long way down the road.

On which pair do you want to make automated trades? Have you decided that yet? Is it btc/usd or ltc/usd or ltc/btc? No bot can make profits if the markets are failing. If the markets are going up, then why trade? Just hold on to you coins and you'll be making as much as those bots. Don't waste your time with them. If they were generating free money, nobody would be poor now.

[icecube45]

Actually I prefer to do manual trading without bots, it's better for me. But bot trading is very good for people who can not keep looking at the market, it will help to make a profit. But we have to pay more and we can not carelessly use bot trade. Moreover, trading with robots is not in accordance with fluctuating market conditions, it will be difficult to get a consistent profit. If you want to use a bot, make sure the bot you are using have a good quality.

[Rufsilf]

I think it is not good to use trading bots because it is not same as you that you can have a lot of ideas and possible moves that can help you to earn money because bots is just a program and it doesn't mean that it is perfect but it will not help you to learn because you are trusting a computer program.

[doedz]

It may be easier to use bots when trading, only some people who use bots are sometimes a bit confusing. They master the field and use it appropriately (programmer). Simply analyze, more fun like a heart sport.

[Nagadota]

So I am trying to automate my trading a little more.  I just found CryptoTrader.org and didn't know how many people have experience with these bots.  

Any Pro tips would be really appreciated.

Also interested in potentially learning how to make my own bot someday but that's for a long way down the road.

No bot can make profits if the markets are failing.

Not true.  Often they can make profit in a downtrend as long as the downtrend is reasonably stable, as it is in coins like Litecoin.  Generally these bots are day traders and they make profit from minor fluctuations instead of the overall trend of the market.

Even in a significant uptrend there are always small corrections where the bot can buy.

Obviously no bot can make trades with 100% accuracy, but neither can any human.  As long as the human controlling the bot is a competent trader themselves, the bot can act as a good accomplice and help to make the minor trades based on the typical amount of fluctuation for a certain coin.

As long as traders don't view it as a get-rich-quick scheme, trading bots are reasonably effective.