Does auto trading bot make good profit ?

[pankowri]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

[DarkDays]

Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.

I would recommend the ZenBot trading bot. It's an open source platform that supports a wide range of exchanges including Bitfinex, Bitstamp, Poloniex and Kraken. But there is always a risk of losing your money. This must always be remembered.

The above advice must not be underestimated. While some people think that bots can save you thousands by the same principles it can also lose you in the same level.

Whether you get good profit or not depends on what you define it as i.e. 15 or 20%? In practice, I found that when added stop loss the bot didn't trigger the selling so ended up losing more, and happened on more than one occasion. So, I now learnt my lesson and not rely on bots to the the thinking and action for me
This is the approach I take at least when I have more at stake

[Bitcoin Seller]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

No one professional trader will use bots. How can we entrust machines our money and decisions? You can use bots just for personal interest. For instance, I trade myself, and later, I compare the resolts of my job with the bots predictions’probability.

[StephenJH]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

No one professional trader will use bots. How can we entrust machines our money and decisions? You can use bots just for personal interest. For instance, I trade myself, and later, I compare the resolts of my job with the bots predictions’probability.

I don't agree, there are many trading bots for sale by professional traders because they wanna increase the revenue by selling their hard work to newbies traders. If the trading strategy is based on technical analysis then it is meaningless to apply human intervene. Just use Google for finding proven statements based on automated trading bots. I don't write about the fake Instagram trading stars who can do everything to bring a new customer for an affiliate network. The pro traders know what to do with the bots and they can shut down the trading bots easily if they see the market doesn't correlate with the software of trading bots.

[Benefactor]

Market won't occurring by your bot procedure. Simply rehearse and learn more insight. That is the best way to get profits by exchanging. Numerous individuals just to screen the bots and make some minor changes if an issue emerges, in any case each exchange is computerized there and they are raking in some serious cash every day.

[gabbie2010]

I don't think so. Just imagine, if you set a machine then it is giving you a certain amount of profit after a certain period. If it happens then everyone will take this advantage and who will lose? I can not understand the mechanism though.

By the way, bot trading exchanges are too annoying for me to use. Because those exchanges give us the fake volume. So I don't think that bot trading makes a good profit actually.

No one professional trader will use bots. How can we entrust machines our money and decisions? You can use bots just for personal interest. For instance, I trade myself, and later, I compare the resolts of my job with the bots predictions’probability.

Majority of Bot makers only sell to make profits, the more the sell the money they earned  a profitable bot wouldn't be sold out by the producer they would rather use it to trade and make much money themselves.
According to research bots picking up trades wouldn't be based on fundamental news that is a major drawback.
Personally I am not a fan of Bot I prefers manual form of trading using my brain to take trading decisions, while many traders might not have time to sit and trade, I used higher timeframe 4 Hour and Daily to pick my trades this wouldn't take my time.

[XZERO1]

It depends on you and how you usually trade and what is your risk tolerance really, for example I know some scalpers had some success with tradings bots and could gain some percentage of profit out of some trading pairs like LTC/BTC and ETH/BTC, but if you are in anyway looking to like let the bot buy something for mid/long-term for you and sell it a few days later higher then that's not going to work, in other words if you are trading in longer terms trading bots are not that suitable and they can fail you terribly at times simply because every day the sentiment of the market could change and bot can not catch those and reflect them on its orders and changes its behavior based on that everyday.

[cryptolord2077]

I have come across many automated trading bots that promise great profits. However, I have never met a bot that would really bring this profit on a stable basis.
As a rule, you are asked to pay for the subscription, then make a deposit, then the bot shows profit for a month or more, and then the entire deposit is drained due to "unforeseen circumstances".

[matchi2011]

I have come across many automated trading bots that promise great profits. However, I have never met a bot that would really bring this profit on a stable basis.
As a rule, you are asked to pay for the subscription, then make a deposit, then the bot shows profit for a month or more, and then the entire deposit is drained due to "unforeseen circumstances".

That's reality, only those who failed to workout with their own knowledge will fall to this kind of  schemes. That foreseen circumstances burned everything inside your wallet.

You needed to invest time and don't take the shortcut, there's none that exist, once you already have the knowledge and skills it's easier
to build best strategy that you can easily input to your bot.

[TokenBot_]

I have come across many automated trading bots that promise great profits. However, I have never met a bot that would really bring this profit on a stable basis.
As a rule, you are asked to pay for the subscription, then make a deposit, then the bot shows profit for a month or more, and then the entire deposit is drained due to "unforeseen circumstances".

Bots are simply tools, tasked at doing specific things. It's a trader's specific strategy that brings profit...but with bot execution.

[cheecko1122]

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 ?

Some times it gives good profit but mostly i have witness that most of traders are not earning from this method because if you dont have higher capital in your account also this is a huge risk. Just try to learn fore trading seriously if you want to make money from it then start trading, dont need to look for shortcuts which always harmful.