Do you use a bot for trading?

[klf]

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.

[1714802290]

1714802290

[1714802290]

1714802290

[xuan87]

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

[arunka71]

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-tradelib

and also shared some of my strategies via screenshots of my bots:

http://imgur.com/xpqoqnk

http://imgur.com/OoP0aNo

I 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.

[iqlimasyadiqa]

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.

[Docnaster]

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.

[senyorito123]

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.

[talkbitcoin]

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.

[mpgh1]

no bots i don't belive in those the sites offer you unless you build one yourself.

[dunfida]

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.

[allyouracid]

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.

[YTBitcoin]

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.

[Hellacopter]

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

[nejibens]

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.

[bestluck]

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.

[pooya87]

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.

[dunfida]

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.

[carap]

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.

[Caladonian]

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.

[coynedterm]

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 .

[DixieCrayon]

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 !