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Author Topic: Does auto trading bot make good profit ?  (Read 18731 times)
noneedmoney
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September 01, 2018, 05:50:16 AM
 #161

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
I think many use bot trading to help get more results.
bots can also help us trade when we are busy and the magic of bots is without emotion like human trafficking. but it all depends on each setting.
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September 02, 2018, 12:33:35 AM
 #162

I used to bots for Forex trading and I've to say that it's indeed reliable but when there's no financial crisis going on.. What's quite impossible to happen.
do you benefit from the forex robot and how much capital must be spent to be able to play forex robots, but if this is dangerous I might stop using forex robots
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September 02, 2018, 12:59:41 AM
 #163

Do not depend on bot. It makes you lose your sense. When you lose it, you can not predict what will happen. Always learn and try to trading by yourself. It's the key of success. Good luck!
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September 03, 2018, 09:39:12 AM
 #164

I think bot trading is some kind of cheating. And also, just a little mistake may lead to catastrophic consequences. I remember a story when bot made an order a fraction of a second later than it should and company lost dozen of mln $. I trade by myself, manualy. Tracking my coins with analyser https://coinsharbor.com/
Check it out, if interested. Well made and functional service!
They are not really cheats. They do what you are supposed to do normally, but in this case, they do it without having any second thoughts or trying to see the nature of the market. They sell based on where you tell them to, and they buy based on how you have programmed them. The volatility of the market though makes one to get the best from bots but that is if you have a very sound strategy. Nevertheless, the same volatility can also mar sometimes, so it still depends on the market you are playing with.
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September 03, 2018, 12:47:59 PM
 #165

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?
doing that one is not a good practise because is something me happen in that site your money will be lost, for now BNL has auto trading but few moments later that trading would not be paying anymore.
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September 03, 2018, 04:44:12 PM
 #166

indeed trading can benefit you, trading can lead us to success, everyone will want to be a successful person, trading is the key to success,l love trading bitcoin

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September 03, 2018, 05:51:58 PM
 #167

It's simply incredible how people would like to profit without any effort at all and think that bot could help them with that.
But bots will not help you with that and they can't make work instead of you. Bots can't replace human mind, they can't make analysis, estimation and take decision instead of you.
So, don't rely on bots.

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chris200x9
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September 03, 2018, 06:12:57 PM
 #168

It's simply incredible how people would like to profit without any effort at all and think that bot could help them with that.
But bots will not help you with that and they can't make work instead of you. Bots can't replace human mind, they can't make analysis, estimation and take decision instead of you.
So, don't rely on bots.
You are right Bot's can perform based on how we write scripts. if you tryst bots then i think you will lose your money. we use bots to automate just for manual works that means what we do repeatedly that can be automated and it saves our time and money. according to me, it's not safe for trading.
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September 04, 2018, 06:18:01 AM
 #169

I think it will depend only on the price of the market when you use trading bot as it will damage your profit when you buy altcoins at high prices and it will break down the price markets ang investors will control the price.

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September 04, 2018, 07:17:24 AM
 #170

I think trading bot make open potition according to history of the price and trading volume of the coins,  and we can do that by manually.  I never try trading by use bot but i know that will be profitable or not usually depend on the quality and the price of that each bot.

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September 04, 2018, 07:53:21 AM
 #171

Auto trading is good because the ai knows which is good for your cryptocurrencies in your portfolio. So you are just letting the trading job done by this bot rather than doing it in your own. In that case, you need little amount of time in trading compared to manually doing it yourself but i don't really think it can give you a good profit compared to the former.

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September 04, 2018, 08:07:46 AM
 #172

Use a bot to trade in the crypto currency market is a bad idea. Because technical analysis is not always successful, but good fundamental analysis helps more often. However, the bot will not perform a fundamental analysis, only technical.
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September 04, 2018, 08:14:06 AM
 #173

I`m using this one for 2 months and is giving consistent profit. I made 5x in the first month on Bitmex. This bot was made by some traders for Forex and it was adapted to crypto. As you know almost all trades are made automatically and most of the bots are privately owned like this one.
Licence for a bot like this is between 20.000-50.000$. You can find similar bots in this price range.
https://t.me/BitmexAutoTrading
I have only used Gunbot once and I was pleased with it, but at the same time, I have never just been so comfortable with using bots and this made me to still do it myself anyway. Trading bots advantage though is that they are more like the aggressive ones without emotions and they only do what they have been programmed to do, whereas as humans sometimes, you may want to be using your discretion in most cases before making a trade.

 
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September 04, 2018, 05:46:57 PM
 #174

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

Trading is not for lazy people, using bot could not guarantee you that you are going to make profits with that, it could be the worst case scenario that might happen. The biggest question is why bother using bot if you could Trade by yourself, using your own technique or knowledge is more reliable in my opinion that those bots out there, also, you will look like a fool if you are going to blame a bot if you lose your profits because of it.

Bots are not that bad in some cases like in gambling, most of my friends are using bot in gambling so that they could multitasking to earn more money and it is effective, but not in Trading.

 
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September 04, 2018, 06:59:39 PM
 #175

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

I don`t think that it`s a good idea to use bots to automate trading.Jusy learn more,practice and trade

manually.Bots are for lazy people who want easy money and, in the end, they end up losing everything.

Good luck with trading OP Grin Grin Grin
This is what I have been telling people.  Trading should be looked at as a game of skills and you have to developed that before venture into it.  I should just relate trading as a normal business we do.  You will perform better by applying your knowledge instead of allowing another objects to makes the trading decision for you.
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September 04, 2018, 07:15:47 PM
 #176

Sometimes a bot can earn you a profit, but it rarely happens, and on a very stable currency.
And such currencies in the cryptographic unit (if not to say that does not exist at all) and it will be difficult for you to lie on the couch hoping for a permanent and stable income.
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September 04, 2018, 07:45:14 PM
 #177

trading is simplest proper if you have a very big bankroll and you are having a bet on low payouts. For istance, if you have a bankroll of lets say 10 btc, it will likely be keep to bet on payouts of X1.2, X1.3or even X1.1 with a base wager of a thousand satoshis. With this, you may select a favourable multiplier on loss so that you recover fast after a loss.
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September 04, 2018, 11:23:22 PM
 #178

No, using a trading bot is a bad idea. It will only bring you losses. There is no magic bot that will make money for you. Only you can do (or not do) this with your mind. A bot is needed when you need to automate your actions. But you must clearly understand what you need to do and in what situation you run the bot. So what you really need is good knowledge and practice. Don't look for an easy way to take profit and improve the quality of your life look for the right way.


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September 04, 2018, 11:38:50 PM
 #179

Does automated Bitcoin or other crypto currency trading bot can make some good benefits ? Is it good to use it ? What is the best bot ?

For some beginners trading is a scary activity, not a few of them are dogged by anxiety when doing it. Bots will help you start in the right direction, but of course it will depend on the language you plan to write your bot. To automate the trading process you can make CRON tasks that can run every x minutes, x hours, etc. But that depends on the development environment and your technical requirements. PHP to write code With that you can access market data and trade in bitcoin, and altcoins with lots of crypto currency exchanges. If not mistaken, building a trading bot that interacts with the exchange's very similar to the interaction with other quiet APIs.
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September 04, 2018, 11:41:56 PM
 #180

Personally, I have never tried it. But my friend who has been trading for a long time say that Yes, trading bots automatically generate good profits, they can do it, but only if you know how to use it, he said.

Bots are not for beginners, but if you have the time and patience to learn, you can make more money than just trying to trade yourself, he added.
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