TRADING BOTS: WHERE AND HOW

[xZork]

Trading bots are just a means to assist you in the cryptocurrency market, all important decisions need you to research and make your own conclusions. If you are looking for a trading bot on your behalf to work and make a profit, I think such a trading bot does not exist.

[MCDev]

Without any automated trading bots that can generate profits, most market bots can only automate your decisions.
Ask a question: If you can create a trading bot that can automatically work and bring in profits, would you be willing to share it with everyone instead of using it to make a profit for you?

[matchi2011]

Trading bots are just a means to assist you in the cryptocurrency market, all important decisions need you to research and make your own conclusions. If you are looking for a trading bot on your behalf to work and make a profit, I think such a trading bot does not exist.

Yes, trading bot still relied with how you set up the program, it will helps you to lessen your stay inside the exchange but each decision still
depends from how you place your entry and exit position.
The bot will also allow you to assess good decision making by providing data that's been collected from the market.

[Kurokonobasuke]

Well, we all know that using trading bots is very useful for some traders because it really helps them to manage their time well. In using trading bots, you don’t need to spend a lot of time to monitor the chart because the trading bot will also do it for you. There’s a lot of thing that can saved when we used trading bots, but are we assured to them that are account must be safe? Using trading bots are using Artificial Intelligence (AI) so that it is not 100% sure if they not shrink the profit that you gained. For me, I didn’t use trading bot in trading because I want to manipulate it by myself.

[Ridwan Fauzi]

I'm not familiar with trading bot so far and I never try to use it to every trade that I did. But, seeing on the scam accusation thread there are some trading bot that must be avoided if you really care with your money and here are some of them

1. https://bitcointalk.org/index.php?topic=5124056.0
2. https://bitcointalk.org/index.php?topic=5085271.0
3. https://bitcointalk.org/index.php?topic=5078705.0
4. https://bitcointalk.org/index.php?topic=5078705.0

So be careful with trading, they might a legit trading bot but you have to realize the trading will be useless if you don't know the basic knowledge about trading.

[xZork]

Trading bots are just a means to assist you in the cryptocurrency market, all important decisions need you to research and make your own conclusions. If you are looking for a trading bot on your behalf to work and make a profit, I think such a trading bot does not exist.

Yes, trading bot still relied with how you set up the program, it will helps you to lessen your stay inside the exchange but each decision still
depends from how you place your entry and exit position.
The bot will also allow you to assess good decision making by providing data that's been collected from the market.

There are many trading bots that bring many benefits to users, but all strategies are designed by users.
I have never met any trading bot that can work automatically and bring benefits to users.

[RealMalatesta]

Do not forget that the reason why you are being so late could also very well be people putting orders before something happens as well. It could be thanks to a bot or it could be thanks to exchange being properly developed but whatever the reason is there are options to trade before something happens.

Most commonly known one is "stop loss" which makes people sell when the price falls under a certain level, when the price falls too much there are stop loss activated and those are sold as well, and when they are activated and there are some more sell, more and more stop loss activated and it basically rushes downwards. Same happens for every movement and every order, it is not all bots but there are people who put orders. Of course, bots are a thing as well, that is whole another point if you want to go deeper.

That is the tricky part about bots, you have to know trading before you can use a bot and that never changes. If you have zero idea about how to trade, there is no way you can make any money thanks to a bot neither. Traders usually use bots to actually save time but also be able to reach to places they normally can't because they are not fast enough, they know what they should do and they know how to make a profit but they use a bot to both be faster and also do what they would normally do while not in front of PC as well.

So, if you are a person who CAN make money trading, you will make money using a bot as well, if you are not a good trader then that means bots will not help you neither. That is just how all of the bots work so far, none helps a noob out with just one click.

[Polar91]

So here are my questions: How to use trading bots? Where can I find a reliable trading bots? Can trading bots be trusted? Any scam related trading bots to avoid?

Trading bots works like manually. The only difference is that trading bots execute trades the moment your set limit has been reached. It's like your assistant but in a way that it's more reliable. This one is a good trading bot for me IMO: https://bitcointalk.org/index.php?topic=5132033

It works like your broker. You'l have to deposit according to what package you've chosen. It's risky and you could get scammed if you don't do a proper research.

[Piret8]

Hello,

 i would like to share a trading script that my firends have been working on for 2.5 years now. I was one of the first users to have it and for me this was unknown territory, but the simplicity made it easy to use for a beginner like me. Now i have been using it for 4 months and the results are so good that i dont trade manually anymore.

You can trade any coin you want but it works better on smaller altcoins/USDT. I have had days like 1-5% and even a 10-39% trades in one day or just with one trade.
There are 32 different presets, stop-loss, trailing stop-loss, take profit, trailing take profit, force sell and turn sell signal off options.

No need to use all of them but its quite easy to understand for everyone. With the strategy comes the indicator that you can have it automated.

I`m posting this here because these guys need more reputation for the work they have done. First 7 days are free to use and if you are satisfied with the result then you can get the monthly plan.
Let`s support these guys from small country in small town.

https://www.wizedec.com/

PS: if you really like to subscribe to monthly plan then contact me first. I can give you discount link.

Thank you for the attention.

[el kaka22]

I hear a lot that people use bots for trading/scalping. I have some of my friends who do also use bots for btc & eth trading by paying a small fee to the developer but they are hesitating to reveal anything about it to me. I believe this community is big and can help me in understanding and using bots for my trading where I don't have to sit hours watching for the movements.

I agree this community is toO big and it is always ready to help people like you but unfortunately this is not the case what you are actually looking for. I mean to help you to get most profitable trading bots, I believe your friends must be more handful than this community because they can easily understand all your requirements like your  preferred profit/stop-loss ratios according to your capital and all other risk and money management related things.

It is really rare that people are having friends who are using trading bots so I suggest you to make use of your friends first and you keep looking for a practical help from the community as well .

How to use trading bots? Where can I find a reliable trading bots? Can trading bots be trusted? Any scam related trading bots to avoid?

These are basics of trading bots before you make use of them. You can go searching google and this forum before concluding some people's experience on this discussion. But, you must make use of youtube videos for educating yourself about basics of trading bots which is not at all possible by this community.

[CryptopreneurBrainboss]

Without any automated trading bots that can generate profits, most market bots can only automate your decisions.
Ask a question: If you can create a trading bot that can automatically work and bring in profits, would you be willing to share it with everyone instead of using it to make a profit for you?

Obviously yes, it'll be sold although not cheap. If you decide to keep the bot just for yourself, profit will only come from you using the bot to trade but when you do sell to others it doesn't mean you'll automatically be at lost in your trade instead you'll still profit from trading with the bot as well as recieve extra income from others as they buy the bot.

Concerning the OP's questions, yes we have bots that can be trusted although 99% of bots out there are just scam. Since you're interested in an automatic system that'll buy and sell coins for you, why not use the advance trading tools available on exchange like buy limit, stop loss etc. You can easily place your trade on a specific sell price and when the market get to that price it sells your coins for you, same with a buy order and also stop loss option.

[maydna]

I am not familiar using bots in trading although I have a license for some bots. I know some bots that might work for you. You can try with Gunbot https://bitcointalk.org/index.php?topic=1715214.0, CAT https://bitcointalk.org/index.php?topic=507103.0, and you can read how to use the bots by visiting on that page. Those bots will have the price that you should pay, and you need to spend some time to learn the basic command to use the bots properly.

I think you don't have to use bots, but you can learn by yourself. You don't need to ask your friends about the bots because you have sources about how to trade with the right. You don't have to catch the rally if you can not do that, but you should focus on how to buy low and sell high. If you do that, I am sure you don't need to use bots because you use your skills to trade which will better than using the bots.