Knabu
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September 12, 2018, 02:03:29 PM |
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I've very little experience with bots & automated trading but what i've noticed from people using those, the bots tend to get in trades alot later than i would when trading manually. Therefore losing couple % gains straight from the get go. Of course it's not a major thing but still, bots that i've seen being used do not maximize profits.
Other than that, they do get into winning rates with relatively good success rate.
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otundebis
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September 12, 2018, 02:48:30 PM |
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If you are referring to bot trading, then I must say bot trading could be the singular wining trade you could have in bear market. You must however know how to use the bot especially if you are not the creator. Bot trading works both ways, it make you profit and make you losses as well!
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leeheidrick
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September 13, 2018, 12:24:08 AM |
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I use the manual method because this method is a real trader and wants to learn from the experience of trading from time to time, so I can't answer how much profit is generated by automatic trading
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metribitcoin
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September 27, 2018, 01:25:06 AM |
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Do you mean do automatic trading by use trading bot? I never do that because i more enjoy and happy to do manual trading, and i have full times to do that. I did trading by bot in forex trading but the risk look higher and can not make profit in consistent. So i prefer to do manual trading to increase my knowledge and skill in trading activity.
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Rana590
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September 27, 2018, 02:02:37 AM |
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Created this thread to discuss how important is it automate your trading strategies.
Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?
I think depending on our own brain is a wiser decision. Personally i didn't prefer automated trading and I always trade in manually. There is chance to lose huge money on automated trading. So, in my personal opinion, it will be the right decision to avoid automated training.
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mornabo
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September 30, 2018, 02:55:54 PM |
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If you are referring to bot trading, then I must say bot trading could be the singular wining trade you could have in bear market. You must however know how to use the bot especially if you are not the creator. Bot trading works both ways, it make you profit and make you losses as well!
I think using a bot will be a good idea, You just have to make a software to be designed as a bot and you can put your strategy in it, it can be a benefit for you because your time won't run out and it will be passive income, Of course your emotions won't is in the bot so the possibility of loss is reduced
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EdenHazard
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September 30, 2018, 03:37:34 PM |
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The disadvantage of trading manually is our mindset, if you have a good mindset in the sense that you have a balance when you make a profit or get a loss. A person's mindset will be drained because he must have an awareness of when he must be satisfied with the profit he gets (not greedy) or he must be aware if someone has gotten a loss so he must take the cut lose decision. While the disadventage of trading using a bot, when the price will reach the target that you reach but you continue to wait until the end the price drops dramatically so that it reaches the cut lose area that you have determined.
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MI6
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September 30, 2018, 04:35:25 PM |
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Do you mean do automatic trading by use trading bot? I never do that because i more enjoy and happy to do manual trading, and i have full times to do that. I did trading by bot in forex trading but the risk look higher and can not make profit in consistent. So i prefer to do manual trading to increase my knowledge and skill in trading activity.
You get profit, and 1 more important thing than that, you get experience, knowledge and more skill to do in trading. It is better to implement in at future. That is why bot is actually not really affected.
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zhekinsp
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★777Coin.com★ Fun BTC Casino!
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September 30, 2018, 05:07:11 PM |
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Still lot of people were going with manual trading strategies because automated trading needs huge capital and the profits maybe less when copared to the manual trading,as myslef not a regular trader so I will always using the simple basic trading strategies for long term crypto trading.
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mostkey
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September 30, 2018, 05:13:18 PM |
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There is nothing easy to get consistent profits from manual trading or trading automatically, it all must be accompanied by knowledge of trade, I am not a consistent trader, every time I have to trade more for manuals, the first one certainly adds insight and already has a way good to trade with all the peace in mind, the second is to make sure that my trade in good condition is not the problem I face, distrust of bots I'm not sure they will work to the fullest in exchange, many cases also partly here people share experiences using bots that don't function properly often endanger the money they have, that's what I know.
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Pamadar
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September 30, 2018, 05:46:48 PM |
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Still lot of people were going with manual trading strategies because automated trading needs huge capital and the profits maybe less when copared to the manual trading,as myslef not a regular trader so I will always using the simple basic trading strategies for long term crypto trading.
Manual strategy always find advantage as you can change right away/real time when things seems not so good with your position, unlike automated where you will relied with your set goals and wait till that particular target will be hitted, though I'm also not trading for a while but I see to it that in every time that I place my position I keep checking possible news that can affect my position and change right away if there's any basis that I needed to adjust.
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Yatsan
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Leading Crypto Sports Betting & Casino Platform
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September 30, 2018, 10:03:15 PM |
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Created this thread to discuss how important is it automate your trading strategies.
Out of curiosity, just wanna know how many of you guys are still manually trading? And how many of you are automating your trades? And if you are automating them, are you making consistent profits? What are the pros and cons?
Ofcourse. For me, manual is the best thing still because we all know how manual gave us the exact and very detailed thing we want lile our strategies. Manual can do and have a high possibility of geeting what we want because it sets and shows our strategic idea the way we want to see them. And ofcourse it executes well. Eventhough manuals are long terms and have a span of time, it is okay because you're sure
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BitHodler
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September 30, 2018, 10:44:16 PM |
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many cases also partly here people share experiences using bots that don't function properly often endanger the money they have, that's what I know.
Well programmed bots are doing a much better job trading than most of the manual traders, and that without being subject to emotions and whatnot. Shitty bots people here use are dangerous in more ways than one. 95% of the people aren't able to screen the code looking for vulnerabilities, and most of them don't even know how to operate it. They buy a complete bot package where a third party sets everything up for them. Even if the bot is safe, allowing someone to know your API Key is plain stupid. Just browse through the internet to see how many people have been a victim of rogue bots and portfolio applications. It's almost embarrassing to read.
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richminded
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September 30, 2018, 11:38:54 PM |
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Still lot of people were going with manual trading strategies because automated trading needs huge capital and the profits maybe less when copared to the manual trading,as myslef not a regular trader so I will always using the simple basic trading strategies for long term crypto trading.
I don't trade much also so I think its better for us to trade manually since bot is quiet not good for me. Though its pretty helping or worth it for some traders to use BOT, I think this will just depend on you and what's strategies you will be using every time you trade.
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Indrawan77
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October 01, 2018, 12:42:22 AM |
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I had done a little reading and to be honest the ads of automatic trading bot really tempting, but many people warned that the result of the automatic trading is not as good as it being imagine, and some claimed that you need the basic of trading to be able to used the automatic, so I think I prefer to used the manual trading technique, its more satisfying and I can gained experience which will be very useful for making profit
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Sanjida
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October 01, 2018, 12:46:45 AM |
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I think manually trading is easy by automated trading.you can't really only use manual trading because most platforms allow the manually cryptocurrency transection. i m only using manually because my account and my transactions will be much safer.
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Lotus
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October 01, 2018, 01:15:00 AM |
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For those that are looking for something in-between fully automated bots and manual trading, I (developer of the ancient Bitcoin Can app) am currently working on something that you may find interesting. Like my previous app, I designed it mainly for my own use, but figured that others may find it helpful. It's not ready for the public yet (still in development and legal clearing), but it would allow partial automation of trading in interesting ways while avoiding the biggest risks (like sharing your credentials/API key with a service or trusting some AI to time the market for you). If any of you would like early access to it, please fill in the interest form at forgottencrypt.com and I will let you know when you can get give it a spin for free in exchange for your early feedback.Now to answer the original question: I do a mix of the automated and manual trading. There are insights that humans can provide that bots can't figure out, in addition to market news, rumors, etc... The drawbacks of manual trading of course is that you may get blindsided by quick events and not be able to react in time, or get emotional and make biased decisions. Automated trading allows you to forego manual computations and analysis. It can figure out break even points in precision and scale up to accumulate small wins that a human wouldn't have the patience or accuracy to compute. The drawbacks of automated trading is that you put your faith in code that may fail (or be intentionally malicious), or work in ways you did not anticipate and suffer greater losses (typically by repeated application of a bad strategy). As with everything financial, use common sense, and trust no one.
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wahyu wida
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October 01, 2018, 03:15:40 AM |
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Still lot of people were going with manual trading strategies because automated trading needs huge capital and the profits maybe less when copared to the manual trading,as myslef not a regular trader so I will always using the simple basic trading strategies for long term crypto trading.
I don't trade much also so I think its better for us to trade manually since bot is quiet not good for me. Though its pretty helping or worth it for some traders to use BOT, I think this will just depend on you and what's strategies you will be using every time you trade. when market is calm, maybe many help from bot. However, if market is wild, then often the bot is not reliable. therefore i prefer to use a manual in accordance with analysis that has been planned
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