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Author Topic: Bot for trading - arbitrage  (Read 319 times)
kindbtc
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March 30, 2019, 09:30:26 PM
 #21

Bots trading can be tricky, if bots can make any profit that is very good but if a bot washes your account then you have no one else to blame other than yourself, i would not use any bots unless i can see verified performance history.

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24Kt
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March 30, 2019, 11:12:13 PM
 #22

Bots trading can be tricky, if bots can make any profit that is very good but if a bot washes your account then you have no one else to blame other than yourself, i would not use any bots unless i can see verified performance history.

They are programmed by humans in the first place. So their performance will still fall from where it came from. And performance history is a good way to assess if the bot is programmed efficiently. But never tried one yet.  Tongue
ChiNgadOr
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March 31, 2019, 12:57:48 AM
 #23

before deciding for BOT.. i would take a  really close look..
the bots work via API.. you grant the bot some privileges so they operate in your behalf.. and it depends then on how the bot is coded..
a) escenarios changes, and therefore strategies should be also subjeted to fine tunning, or you can loose instead of earn
b) and what worries me most.. what  will happen if the bot can be manipulated remotely by his creator?

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April 03, 2019, 05:17:49 PM
 #24

If you are looking for bot then I would suggest never to go with the bots that are available for some BTC. If the bot was that good he/she would never make it public. Also, the one who has created the bot can create a bot to set bets against your bets and use your funds for his profit. I am saying this out of experience. 18 months ago when I was setting up bots. I got in touch with a guy(dont want to disclose his name) he should the results of this and everything was good for about 1 month and the bot was on a net profit. Then his bot took a trade which as against my analysis that was the bet which liquidated one of my account because of the bot.

Do not use those bots which do not have stoploss. Also it is always better to trade on the bots that are tried and tested by you.

I had my bots before as well as I keep improving my bots but, I do not trust on others bot and would never suggest anyone to use others bot. I have set scalping and other bots on Bitmex and Arbitrage bot on Changelly and Coinswitch.


I agree with this, if a bot is really profitable then its creator will have no need to sell it for any price because the only thing that you need is a little bit of capital and you will get more money with your trading bot than whatever you could get for selling it, this is why if you want to use a bot to generate profits you need to at first learn how to trade and be profitable yourself and then you can code your own bot that trades like you with the obvious advantage that the bot will never get tired and can always watch the markets and then take the right decision every time.
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April 03, 2019, 07:27:17 PM
 #25

Bots trading can be tricky, if bots can make any profit that is very good but if a bot washes your account then you have no one else to blame other than yourself, i would not use any bots unless i can see verified performance history.

They are programmed by humans in the first place. So their performance will still fall from where it came from. And performance history is a good way to assess if the bot is programmed efficiently. But never tried one yet.  Tongue
Human error is main problem in automation industry and automative trading is not exception,unfortunately. Performance rate is depend on the few factors included the proven strategy and arbitrage opportunites.
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September 25, 2019, 12:32:38 PM
 #26

I've been looking a reliable trading with cheaper fee and some traders are getting profits on bot trading. I have a difficulty in manual trading and having a bot that trades for me would be great. Looking at the comments in this thread, I'm hesitant to try some recommendations and would wait for Jade a product of Dropil. It's also a trading bot and I can't wait for it to be released.
jade is out.

any experiences?

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