klf
Legendary
Offline
Activity: 1344
Merit: 1000
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October 08, 2016, 09:29:44 AM |
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I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..
Whether or not you do, if you were to make one, what rules would it based on?
I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..
Thanks!
I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them. All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot. I saw that CAT too but i dont have any interest to get one of those because i dont have trust when they handle my trading , its better to decide on your own will and does not depend fully on bots because results maybe worse when you intend to rely on bot but thats not always the case . I do agree that if we don't have a knowledge on how to trade then it is better to avoid and find some other investments to grow instead depending on some bots. Because it may give you big loss and later need to worry. So I never use any bot but I always go for long in my trade and so for made a decent profit.
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xuan87
Legendary
Offline
Activity: 1666
Merit: 1001
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October 08, 2016, 10:52:47 AM |
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no i don't use any bot to trade, my friends ever suggest me to use it, but i never try it, because I am just learning how to trade, I prefer to gain the trading knowledge, then after I got the skill i will consider using the bot, my friends said that using bot will make trade easier because when its reach the limit we set,we can execute the command we want
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arunka71
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October 08, 2016, 04:54:29 PM |
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That's impressive dude, if only I know how to code I would have make one for me or maybe share it with others so everyone will be happy and will make money.
Anyway, good luck to your experiment, and if you wish to share it please let me be the one to try it.
I already shared some of my code https://github.com/aviau/cryptocoin-tradeliband also shared some of my strategies via screenshots of my bots: http://imgur.com/xpqoqnkhttp://imgur.com/OoP0aNoI hoped to get some form of a collaboration going, but noone has ever really contributed anything back, so I gave up on this idea. Maybe it would be feasable to create something sellable, but I am not good at UI design and I have no idea about PR, promotion etc. So I also gave up on this idea.
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iqlimasyadiqa
Legendary
Offline
Activity: 1596
Merit: 1011
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October 09, 2016, 07:02:30 AM |
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bot use on trading in my opinion is the action to waste the opportunity. we could lose a great opportunity. bot on trading in my opinion is an act that is useless.
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Docnaster
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October 09, 2016, 12:22:32 PM |
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I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.
This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading.
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[center][table][tr][td][url=https://stake.com][font=Arial black][size=24pt][glow=#0f212e,2][color=transparent][size=8pt].[/size].[size=9pt][sup][size=16pt][color=#fff]Stake.com[/size][/sup][/size].[size=8pt].[/td] [td][/td][td][/td] [td][size=2pt][tt] [color=#2d4454]▄████████████████████████████████████▄ [glow=#fff,2]██ [color=#ccc]▄▄▄▄▄▄▄▄▄▄[/color] [color=#ccc]▄▄▄▄▄▄▄▄▄▄[/color] ██[/glow] [color=#ed5564]▄████▄[/color] [glow=#fff,2]██ [color=#ccc]▀▀▀▀▀▀▀▀▀▀[/color] [color=#0c79ed]██████████[/color] [color=#ccc]▀▀▀▀▀▀▀▀▀▀[/color] ██[/glow] [color=#ed5564]██████[/color] [glow=#fff,2]██ [color=#0c79ed]██████████ ██ ██ ██████████[/color] ██[/glow] [color=#ed5564]▀██▀[/color] [glow=#fff,2]██ [color=#0c79ed]██ ██ ██████ ██ ██ ██[/color] ██[/glow] [color=#ccc]██[/color] [glow=#fff,2]██ [color=#0c79ed]██████ ██ █████ ███ ██████ ██[/color] ██[/glow][color=#ccc]██▄ ██[/color] [glow=#fff,2]██ [color=#0c79ed]█████ ███ ████ ████ █████ ███[/color] ██[/glow][c
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senyorito123
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October 09, 2016, 01:09:34 PM |
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I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.
This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading. Yes i don't trust those program truly since i don't see any people successfully earn continuesly from that kind of bots, and tradings needs full monitoring and peoples pressence so we can earn with this, all we need to do is wait and monitor and also don't really on bot since it cannot help our cause since we cannot learn the trade battles happening im some certain trading sites.
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talkbitcoin
Legendary
Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
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October 09, 2016, 02:01:58 PM |
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I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.
This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading. i don't agree with the last part of what you said. bots are for making things easier and 1000 times faster, and also in so many cases you can use bots to eliminate mistakes. because humans make mistakes either because of being tired, distracted or even emotional, all of these are eliminated when using a bot.
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mpgh1
Newbie
Offline
Activity: 56
Merit: 0
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October 09, 2016, 02:33:34 PM |
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no bots i don't belive in those the sites offer you unless you build one yourself.
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dunfida
Legendary
Offline
Activity: 3234
Merit: 1157
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October 09, 2016, 02:36:06 PM |
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I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..
Whether or not you do, if you were to make one, what rules would it based on?
I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..
Thanks!
I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them. All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot. I saw that CAT too but i dont have any interest to get one of those because i dont have trust when they handle my trading , its better to decide on your own will and does not depend fully on bots because results maybe worse when you intend to rely on bot but thats not always the case . I do agree that if we don't have a knowledge on how to trade then it is better to avoid and find some other investments to grow instead depending on some bots. Because it may give you big loss and later need to worry. So I never use any bot but I always go for long in my trade and so for made a decent profit. Yes, if we dont have knowledge on trading then its better to find other investments because you are just throwing your money and you would surely regret later. Bots are just guide and they are not usually making trades to make it profitable anytime but there are really times which these bots could make you profit some.
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allyouracid
Legendary
Offline
Activity: 2321
Merit: 1292
Encrypted Money, Baby!
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October 09, 2016, 02:50:27 PM |
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I'm using bots from time to time. But none of those developped by others (HaasBot and CAT seem to be decent ones), but my own creations instead. It's not primarily to make insane profits, but for the coding itself. It gives you a better understanding of trading, certain processes and coding itself. Mostly, it's when I recognize some odd behavior on the markets (recurring buys/sells or other kinds of behavior which can be used to make a few bucks) that it gets me interested if that process can be automated. A while ago, a friend pointed me to some weird behavior of recurring buys and sells on an exchange which drove the price up and down enough so place buys and sells with profit. I tried that for a while and it worked, and then I thought that this can easily be automated.
My target always is to be as simple as possible, use little logic to keep things easy. It works (said bot had between 1 and 4% gains per day when Bitcoin was moving sideways… downside was that it only worked with small amounts of sub 1 BTC and it didn't adapt when BTC suddenly started trending.
Most of the time, my tools are raw terminal applications, which means there's no UI and no user registration or anything which would enable me to put that functionality for rent. Mainly because I don't want to bother with securing the trade API keys of other users (this makes a server a potential target for attacks), so I only play for myself.
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YTBitcoin
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October 09, 2016, 07:20:42 PM |
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i do not have much knowledge about trading bot but still I consider it as a harmful for my capital and I think it will not be able to use the mind to decide for a right action at a specific time.
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Hellacopter
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October 09, 2016, 08:41:53 PM |
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No i don't use a bot for trading, because i just trade sometimes with small amounts right now. But i think experienced traders which trade everyday almost, use it because it facilitate the work for them
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nejibens
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October 09, 2016, 08:43:54 PM |
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I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.
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bestluck
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October 10, 2016, 02:16:21 AM |
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No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.
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pooya87
Legendary
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Activity: 3598
Merit: 10920
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October 10, 2016, 05:04:00 AM |
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I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.
this IS the way to do it. you should first do everything manually and take time to learn everything yourself and then you can figure out which part of it you can do with automation (using bots) and which parts of it you have to do manually.
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dunfida
Legendary
Offline
Activity: 3234
Merit: 1157
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October 10, 2016, 05:45:38 AM |
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I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.
this IS the way to do it. you should first do everything manually and take time to learn everything yourself and then you can figure out which part of it you can do with automation (using bots) and which parts of it you have to do manually. This is true , you couldnt able to use bot on trading especially when you are still a newbie because you wouldnt know how to use it at all because of lack of knowledge and as you said you could use bots for automated trading especially when you do long trades.
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carap
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October 10, 2016, 05:56:24 AM |
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I use bots, I use them most of the time! Why? As I already stated before, you should only use bots whose trading strategy you know very well. Ideally, bot should implement your own trading tactics.
Let me explain. Let's say I just deposited 1000$ with a bank transfer to my Kraken account. Now I want to buy something cheap and sell it with a little profit (I wanna be a frequent trader). I see the price of BTC is about 615$. Low is 609, high is 618. So, I placed an order to buy 0.5btc @610 and 0.5@605. Now what? Now I should wait for my orders to execute, and once it happens I will place my sell orders. But when? In few minutes, hours, days??? Should I log-in every hour, or monitor the price ticker?
I have a better solution, I configure my bot to monitor the execution, and once it happens, it will automatically place a sell order. If bought @610, a sell order @620 will be placed, if happens to buy @605, another order to sell @615 will be placed.
I don't care anymore, I can do my own stuff, spend time with family, take a walk with kids, etc, etc...
That is a very basic trading cycle. And it can be repeated again and again and again, making about +5$ at each iteration. That is an example of some super simple bot logic. No black magic. You can do it all manually, but all of us have many better things to do instead.
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Caladonian
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October 10, 2016, 07:29:55 AM |
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I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.
this IS the way to do it. you should first do everything manually and take time to learn everything yourself and then you can figure out which part of it you can do with automation (using bots) and which parts of it you have to do manually. This is true , you couldnt able to use bot on trading especially when you are still a newbie because you wouldnt know how to use it at all because of lack of knowledge and as you said you could use bots for automated trading especially when you do long trades. starts manually then you can assess if you will be fit on what particular trade style you choose to use then if you already okay with it you can start using bot in order for you to take advantage and predict more advance.
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coynedterm
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October 10, 2016, 07:35:41 AM |
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I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..
Whether or not you do, if you were to make one, what rules would it based on?
I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..
Thanks!
i think you are a site programmer or script maker for site programming . so you can make . but after Make of your successful bot you will got nothing because the site at which you will trade will ban your account because . every trading site is secure d with security online .
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DixieCrayon
Member
Offline
Activity: 68
Merit: 10
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October 10, 2016, 07:40:14 AM |
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I dont understand the people who are using bots by tradings what if the bot does not predict the best price for the bitcoin you will say i can do it better and do you think bots can be usefull to make big money or do you think a human brain is many times better off course !
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