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Author Topic: Does auto trading bot make good profit ?  (Read 18961 times)
Colt81
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January 09, 2020, 05:19:53 PM
 #221

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.

 
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January 09, 2020, 05:46:36 PM
 #222

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.
Until recently, I was very negative about trading bots in general.  My opinion was formed due to reviews that negatively characterized the results of the trading bots.  But the fact is that I have very little time left for trading cryptocurrency and I would like to at least slightly facilitate my activity with the help of trading bots.  Most likely I will follow the example of some users who use trading programs to trade cryptocurrency, but only partially replacing their activities.  I hope that with close monitoring, the results will be good.

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January 09, 2020, 05:51:48 PM
 #223

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.
I have discussed this matter with a number of traders who are doing trade with bots and according to them with bots they are feeling well at normal times and are also making some money with the help of bot trade but sometimes a sudden high change in price make a trouble for these bots as they cannot think that why a change occurred and if the time is not to invest there the bot often invest.

 
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January 09, 2020, 06:17:31 PM
 #224

It's not a bad thing to use bot in your trading. In fact,  it's very profitable  to use bots. Using bots to trade notes rise and fall in Cryptocurrencies.

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January 10, 2020, 06:44:35 AM
 #225

Trading bot can give you profit and also losses, there is no perfect trading bot where we can guarantee all of our trades to win. The cryptocurrencies are too volatile, there are times that we cannot avoid losses. If we found a trading bot saying 100% winning rate, it is simply a scam because there is no both such existing like that. We should only use trading bots if it is effective to us but if it is not effective then we should ignore it.

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January 10, 2020, 12:26:01 PM
 #226

To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.
I have discussed this matter with a number of traders who are doing trade with bots and according to them with bots they are feeling well at normal times and are also making some money with the help of bot trade but sometimes a sudden high change in price make a trouble for these bots as they cannot think that why a change occurred and if the time is not to invest there the bot often invest.

It has been my experience that the opposite of that is true, at least with the algorithms I have run on Gekko. It seems like the bots tend to buy in at the right time. However, whenever it comes to picking the right time to sell, they really have issues. They'll all sell during a bull run too early and during a bear run they tend to hold onto the coin too long. There may be something in the settings somewhere to where I could tweak this. But, I haven't found it yet.

 
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January 11, 2020, 01:27:24 PM
 #227

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

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January 11, 2020, 03:51:44 PM
 #228

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!
First, we need to ask a question to ourselves, whether we trust our skills more or we believe in the working of computer systems, and maybe there will always be two different perspectives, one will trust the machine more, the other will trust their skills but surely, people will feel more reliable when they rely on their skills. Because machines, automated devices are not god, they will make mistakes and cannot be easily repaired, auto bot trading is such a system, it has strengths and weaknesses but it certainly won't be comparable with our intellect



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January 12, 2020, 04:06:41 PM
 #229

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

I would suggest you set up Gekko. Google Gekko trading bot and you'll see it's a completely free bot implementation with a lot of different trading algorithms you can play around with. Plus, it even has a live paper trader so you don't have to invest anything at all just to watch it work live. It also has a backtest feature where you can backtest the algorithm you're running for as far back as you would like. It's fun to play around with and it doesn't cost you anything to get started if you don't want to risk anything.

 
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January 13, 2020, 09:23:59 AM
 #230

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

I would suggest you set up Gekko. Google Gekko trading bot and you'll see it's a completely free bot implementation with a lot of different trading algorithms you can play around with. Plus, it even has a live paper trader so you don't have to invest anything at all just to watch it work live. It also has a backtest feature where you can backtest the algorithm you're running for as far back as you would like. It's fun to play around with and it doesn't cost you anything to get started if you don't want to risk anything.

   I will try Gekko only because you explained what is Gekko all about. It's free, you don't need to invest anything, I like that
because I don't like to invest in something I don't know nothing about. I will download it and try it, I will have fun and I will
learn something new.
   Adroitful_one thanks a lot for sharing this with us, and thank you even more for this nice explanation! Wish you all the best.

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Sonu_titu
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January 13, 2020, 11:07:05 AM
 #231

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 ?

Previously I had a belief that I should trust only the bots developed on my strategy. As I had some bad experience in past relaying on others strategy bots. But, past one week I am using a bot which is managed through telegram. Only thing I need to do is share my API. I am still testing it so, doing with too less funds and also not suggesting the bot to others. Once My testing is over I would be able to answer is it worth or not.

But, till now the bot bets are in profit. Testing is under progress.

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January 13, 2020, 03:01:21 PM
 #232

   I never tried auto trading bot! Every time I saw people discussing about that half says it's good, other half says it's bad. I don't
like to risk too much, and looks like trading bot is a very risky investment.
   Can someone with experience in using trading bots sum up everything that newbie should know about trading bots. I can't find
any conclusions about this matter. Thanks in advance for any answer, I hope that can help me in making decision to invest in
trading bot or not!

I would suggest you set up Gekko. Google Gekko trading bot and you'll see it's a completely free bot implementation with a lot of different trading algorithms you can play around with. Plus, it even has a live paper trader so you don't have to invest anything at all just to watch it work live. It also has a backtest feature where you can backtest the algorithm you're running for as far back as you would like. It's fun to play around with and it doesn't cost you anything to get started if you don't want to risk anything.

   I will try Gekko only because you explained what is Gekko all about. It's free, you don't need to invest anything, I like that
because I don't like to invest in something I don't know nothing about. I will download it and try it, I will have fun and I will
learn something new.
   Adroitful_one thanks a lot for sharing this with us, and thank you even more for this nice explanation! Wish you all the best.

No problem! The thing with Gekko is that there is so many different algorithms to use on so many different crypto pairs that you will be playing with it all the time trying to figure out what makes the best profits. You could be trading BTC/USD this week and next week be trading something completely out of the ordinary. It should keep you entertained running backtests on a bunch of different pairs for a little while. It's fun to play with

 
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January 13, 2020, 03:07:30 PM
 #233

Bots with good algorithms or trading strategies are profitable especially when you build it yourself because you can always update the code if you wanna add some new strategies. Also if you dont want to build it and want it ready made you could try this specific bots for free. Some of them have trial periods and also some features are disabled in free trial, use it at your own risk i would not be responsible for anything.
Bots are Cryptohopper, 3commas, Zignaly.

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January 13, 2020, 03:15:33 PM
 #234

It's not a bad thing to use bot in your trading. In fact,  it's very profitable  to use bots. Using bots to trade notes rise and fall in Cryptocurrencies.

You aren't totally wrong, just forgot add more things like bots can't also make you lose in trading. It could give you profit but it can't really learn things, can't changes its strategies, that would lead you to get loss. As long as you can't control it, you should be okay.

Bots are fast in executing trades but human are smarter and wiser in taking decision. So, stay careful in using bot for your trading.
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January 13, 2020, 04:09:05 PM
 #235

To be honest, trading bots are just computer programs that automatically buy and sell various of cryptocurrency at the right time, but most trading bots are not profitable, that is why most traders still trades manually because it is still the most effective to earn good profit in trading even you always experience losses. Trading bots are also good in managing all of your trades whenever you are not at home.

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