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Author Topic: Does auto trading bot make good profit ?  (Read 18734 times)
Polar91
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August 10, 2019, 09:43:16 AM
 #201

I dont think automatic bot can take profit.  Roll Eyes. Why do you have this idea?
It can however it's not too reliable and your profit couldn't be maximize at the same time. Unlike in manual trading, you can really apply various technique and you can do it by your own terms. This is the reason why I'm nog always interested in bot trading.


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August 10, 2019, 01:26:00 PM
 #202

I would highly say no to those bots. These automated trading bots are not perfect, and they’re making mistakes and errors too. It means I don’t trust these bots once and for all, if we’re after the profits.

However, if there’s a copy trading platform like Etoro that is more on cryptocurrency trading, that would be good as long we pick a nice trader to copy with.

But for now, it’s better for us to learn the basics of cryptocurrency trading until we scale and level up our skills. There are lots of Youtube videos you can find about profiting on cryptocurrency trading.


Almost all experienced people say no to trading bots because they have experimented a few times with bots, even participating in communities related to this tool, the results are quite good but somewhere, this tool is still limited, sometimes it will appear a lot of errors, and trading is a job that does not allow many mistakes. And trading bot seems to be rejected by many people, myself, I'm not too interested in trading bot when I always believe that human skills are better than those programmed and designed.

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August 10, 2019, 02:09:12 PM
 #203

I dont think automatic bot can take profit.  Roll Eyes. Why do you have this idea?
It can however it's not too reliable and your profit couldn't be maximize at the same time. Unlike in manual trading, you can really apply various technique and you can do it by your own terms. This is the reason why I'm nog always interested in bot trading.

We also have to understand that after all, it's just a bot, is still needs human intervention to facilitate everything. Now, if you don't have any experience in doing manual trading, then how can you successful set all the parameters in order to maximise your profits?

That is why at least we need some experience before getting our hands on any trading bots. Most bots are far more advance now, and its very difficult to adjust the parameters yourself if you lack the needed experience. Yes, trial and error, but it will cost you lots of money in the beginning. So it's better to learn some basics to mid level knowledge before trying a trading bot, in my opinion.

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pinkpanther03
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August 10, 2019, 03:19:15 PM
 #204

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 ?

First, if that is true for sure all traders now are not doing anything but to sit and relax while monitoring the bot they use and waiting for their earnings. But unfortunately it is not precisely giving 100% profit. So, it is still good to base our idea in own understanding in trading, in short it is good to use our own technical analysis dude.
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August 10, 2019, 08:24:46 PM
 #205

That surely depends on your logic. I built my own bots, with different logics (Arbitraging, sentiment analysis, TA, etc), some worked for a while, some didn't, but yes some of the bots made me some profits for a few months

Cool. I have heard about guys, who make different bots and get benefits from them but I never tried it. I agree that auto trading can be a risky thing, but it works well for people, who have a main job and do not have too much time to make pairs and go through long and difficult calculations, technical analysis and whatnot. Bots simply make the work of traders easier.

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August 10, 2019, 11:45:02 PM
 #206

No do not try this, as no one knows that what will be the strategy of bitcoin at which time, so how a bot will do a trade for you in this situation, try to give some time to your business/trade in that you will be able to earn a good amount of bitcoins, as trading is the more attractive and beneficial business of the world.
I do not use trading bots because I have a fundamental knowledge in trading and I do not need trading bots specially bots are sometimes hassle to use. And trading bots is not reliable because they are AI only. Many of my friends are also using bots but they lose a lot of capital in trading. We need to learn in trading and do not depend only in bots.
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August 19, 2019, 05:20:15 PM
 #207

Think about this.

You create a bot and put a lot of effort in it.
You test it and you notice it make you a good profit.
Why should you share it with others, knowing that the strategy you put in the bot, most likely will have profit decline's once too many users, start using the bot?

There are a few kind of bots. The bots what makes automated trading, based on technical indicators.
You can tweak this and often backtest it. However once you tweak a system it's more like wishful thinking. You tweak based on data from the past, optimize it so it gives you the best parameters,  based on the past.
So now you think you've found the holy grail and start to trade with a live account.
But it seems it doesn't work that well, so you tweak again, and again it doesn't work as expected.
Bottom line, these kind of bots barely make you any money.

THere are also bots based on

and the list goes on and on. Some of these bots might give you nice profits, but you won't find the money making machine here either.

bottom line is that barely nobody is willing to give or sell you their secret of a real profit making bot.




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September 15, 2019, 04:30:38 PM
 #208

I have never used bots in trading matters, but I think people will always change the bot scripts that they make to adjust the price increases and decreases at certain times. my advice, if you want to trade, do not use bots, because it requires special attention, and when you leave it, it can be lost. meanwhile, trading manually will increase your skills and the way you look for information. it's better than looking for a new bot script when the old one can't be used, other than that, I don't want to hang my hopes on a script.

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