Does auto trading bot make good profit ?

[n691309]

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 have seen many trading bots that are being sold here in forum like C.A.T but telling the truth i do not trust these bots, what if the developer has made a hidden feature and dumps all clients's assets (bitcoins,altcoins), nobody can guarantee that this can't happen. Also it is the opposite way pumping a price and then buying high etc. Maybe there is a profit using them but I believe that the amount isnt high.

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[NyeFe]

Well, if you're "smart" enough to entrust you capital on a bot which only monitors graphs, and ignores news sources such as Twitter, bitcoinTalk, coinbase... all the financial news agencies. Then you probably deseve whatever "profit" you make

[The_prodigy]

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 ?

The only thing that i suggest to you better to use manually because there's no sureness. it can only help you to manage and record some of your profit. no one become rich in bot depends in your strategy how you manage your trading using bot..

[Altynbekova]

Do not use such bots, I repeat do not use them, they will only let you lose money and mostly you also have to invest a lot of money to get them.
They mostly make such bad choices compared with what you would do!

[JarBinks]

Most of the comments are about buying or using someone else's bot.
And I agree that you have to be very careful with that approach.

Discipline is the key to being successful in any investment strategy.
Develop a strategy, execute the strategy, evaluate the results, adjust the strategy, and begin again.

When developing strategies I end up creating a spreadsheet, Excel or Google Doc, and test in that.
If things go well then I build a bot to do the analysis part of the strategy and trade on what it says, checking it as I go.
If that goes well I modify the bot to do the trading itself.

So I like bots alot, but only the one's I create.

I have used free bots to get ideas for strategies but I have never run one with actual coin.

[CoinsRoyal]

i dont think bot can make good bets because it are still bots and they are programmed by persons and he do always the same if he is not up to date you will lose allot.

[Superways]

i dont think bot can make good bets because it are still bots and they are programmed by persons and he do always the same if he is not up to date you will lose allot.

yeah, you are true the bots do only that for which they are programmed, and in this time we are seeing different price in different times so in that case we will have to stay alert ourselves and do not have to rely on bots, especially in the case when we are doing trade with big amount.

[DashCoinDark]

I dont think auto bots will help you to trade good because you need to be sure that the bot is always updated or you will get allot of lose for sure so be careful with using bots.

[Sampey]

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[Nimbulan]

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 can't tell you which bot you should use because i haven't ever use one so it is logical that i can't help you here, but i am sure that bot aren't good for trading for sure

gambling bots usually makes mistakes and loses money, i am sure that trading bots will do even larger as here you need more work and to think more while bots can't do that

[martinacar]

The most are not making profit with it and it can even deliver you bad numbers at the end of the day.
I consider such bots very bad and the most are not even good programmed and that for the price you are mostly paying for...

[Sorrowfox]

Yes,Coz sometimes i do not have enough time just to look alt coin value was,So I Always Use auto trading bot.

[siameze]

Hi,
if you have a strategy and you want to create from simple to complex algorithm that works for you while you're sleeping, check my trader : https://bitcointalk.org/index.php?topic=507103.0



Actually (due to market price rise) I'm giving 25% DISCOUNT
One of the most trusted Trader since 2013, check my 200 Positive Feedbacks here : https://bitcointalk.org/index.php?action=trust;u=130152

Otherwise, if you're looking for a magic money machine don't check my Trader 

From all the bots available to me, the one I use the most is CAT actually. The tools provided make for a much easier time trading.
Just my 0.2BTC

[SilverPunk]

For me Yes, especially those who don't have a plenty of time to watch and waut trading from time to time .just set at that amount so it is waitin to sold or bought .but it is much better if manually.

[iqlimasyadiqa]

I do not believe the computer system. I fear they have set up for a particular condition. if given the choice I would do it manually. I could see prices and direct action. experience and thought we would highly honed determine when to buy and when to sell.

[Adrayrd]

For me Yes, especially those who don't have a plenty of time to watch and waut trading from time to time .just set at that amount so it is waitin to sold or bought .but it is much better if manually.

You are right about it, it can be good if you are really have no time but I do not recommend it if you are just doing it because of easiness, doing it yourself its just way better.

[socks435]

Bot only works to help you to be lazy. it sometimes the bot can help and sometimes is worst bot to use..
And its depends if what altcoin you will choose.. bot can only help to update the price of altcoin what you are promoting and make a profit when the price is high.. Better to choose manual trading than a bot..

[Nitroshock]

I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently.  It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason.  The cons definitely outweighed the pro of being lazy and overall my test ended in the red.

It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.

In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked.  The trick would be figuring out what works and when and then adjusting the trade options on the fly.

MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.

[JarBinks]

I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently.  It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason.  The cons definitely outweighed the pro of being lazy and overall my test ended in the red.

It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.

In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked.  The trick would be figuring out what works and when and then adjusting the trade options on the fly.

MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.

I agree.  Trade without a bot for a long time to understand all of the moving parts.
Then you can better understand if a bot is good and what it is doing well or poorly.

And if you get adventurous you can develop your own and then you will have 100% control over what it does

[DashCoinDark]

I did a test with an automated trading bot a while back and even with highly customizable options, I was never able to "dial it in" where it would trade profitably, consistently.  It'd make a little here and there then turn around and make 10 losing trades in a row for no apparent reason.  The cons definitely outweighed the pro of being lazy and overall my test ended in the red.

It's possible for a good trading bot to be profitable over time, but it isn't easy and most likely requires some degree of babysitting in order to ensure the code used continues to be profitable with more trades than not.

In my case it was obvious that some settings worked some of the time and some worked others... sometimes nothing worked.  The trick would be figuring out what works and when and then adjusting the trade options on the fly.

MHO - Don't use a bot, you'll do better learning the what and when and trading yourself.

I agree.  Trade without a bot for a long time to understand all of the moving parts.
Then you can better understand if a bot is good and what it is doing well or poorly.

And if you get adventurous you can develop your own and then you will have 100% control over what it does

Yes this is true without any doubts, but using a bot is still not good because bots do not have a brain so they cannot think about the consensuses of a thing they are doing..