Do you use a bot for trading?

[X-ray]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

that's not the purpose of trading with bots, manual trading is even easier than using bots so in my opinion that those newbies may prefer to use manual method rather than bots,bots are used to prevent you from missing the opportunity which may come suddenly. if you can't setting your bot, you will lose, which mean only professional can.

[Caladonian]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

that's not the purpose of trading with bots, manual trading is even easier than using bots so in my opinion that those newbies may prefer to use manual method rather than bots,bots are used to prevent you from missing the opportunity which may come suddenly. if you can't setting your bot, you will lose, which mean only professional can.

I agree with that mate we needed to understand first how trading works before we can use the bot. The more we understand how it works the more we able to set our bots in a proper and profitable set up, only pro's really enjoying it since they know how to assess well.

[Text]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

[traderethereum]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

[torry28]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

The only reason i think if trading using a bot is recommended just when we sleep, we can make money even if we are still sleep. Until now i am still do trading by manual, never tried any trading bot too. Still too scared if the bot cointained with virus or anything which can steal our money.

[burner2014]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

The only reason i think if trading using a bot is recommended just when we sleep, we can make money even if we are still sleep. Until now i am still do trading by manual, never tried any trading bot too. Still too scared if the bot cointained with virus or anything which can steal our money.

They said that buying bot costs too much so I never had chance to use it. Hoping to buy one in the future so that trading will not waste my time. I'm gonna have time for my family and not to check the market from time to time. But, for now I am still having my own strategy in trading and wanted to save more money so I can afford to buy bot.

[Zadicar]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

The only reason i think if trading using a bot is recommended just when we sleep, we can make money even if we are still sleep. Until now i am still do trading by manual, never tried any trading bot too. Still too scared if the bot cointained with virus or anything which can steal our money.

They said that buying bot costs too much so I never had chance to use it. Hoping to buy one in the future so that trading will not waste my time. I'm gonna have time for my family and not to check the market from time to time. But, for now I am still having my own strategy in trading and wanted to save more money so I can afford to buy bot.

Trading bots are good specially when you know to set it up and bots arent cost you too much and as far as i know they are affordable.If you  trade on forex there are lots of bots to choose from and if you trade on cryptos theres still bots being sale out there.Goodluck my friend,manual trading is much more better than automated.

[dhampir-D]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

From the reports I see, there are people who can get good results using bots, but they are not all. This depends on the code, it also depends on the trader's ability to set the right parameters. Anyway, I think this would be able to make a profit only for a certain period of time, because the market always changes, and such programs can become obsolete.

[(o)(o)ilikeboobs(o)(o)]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

From the reports I see, there are people who can get good results using bots, but they are not all. This depends on the code, it also depends on the trader's ability to set the right parameters. Anyway, I think this would be able to make a profit only for a certain period of time, because the market always changes, and such programs can become obsolete.

Using bots can restrict your command on the trade and if the market goes reverse then this bot trading will become loss. I only do manual trading and i use to place the order what rate i want to sell and buy so like this my orders get cleared even if i am live or not.

[Zadicar]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

From the reports I see, there are people who can get good results using bots, but they are not all. This depends on the code, it also depends on the trader's ability to set the right parameters. Anyway, I think this would be able to make a profit only for a certain period of time, because the market always changes, and such programs can become obsolete.

Using bots can restrict your command on the trade and if the market goes reverse then this bot trading will become loss. I only do manual trading and i use to place the order what rate i want to sell and buy so like this my orders get cleared even if i am live or not.

This is the main thing on which bot cant really do because market does really move unpredictably which means if you set it up on a specific setting its either a long or short and market does reverse then decision making should really be need here thats why its better to use manual rather than automatic.

[Vikingr]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

that's not the purpose of trading with bots, manual trading is even easier than using bots so in my opinion that those newbies may prefer to use manual method rather than bots,bots are used to prevent you from missing the opportunity which may come suddenly. if you can't setting your bot, you will lose, which mean only professional can.

yeah you are right in trade you will need to be active the whole day for to trade and to catch any opportunity which no one know that when will come and even some expert cannot give the whole day sitting in front of their computers due to other activities of their life so they in the time when are unable to sit for trade they set the bot.

[Victorycoin]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

A bot is only an assistant, it does not serve as a replacement for learning to trade and having a good understanding of what is going on in the market. A bot works best when a trader is quite knowledgeable about what the bot does and how it reacts to changing market conditions. The mistakes many traders, especially newbie run into, is to unwittingly surrender their trading accounts to some bot simply because some other trader happens to be doing well with same bot.
 
Using bot have a lot of advantages, like sitting in the market 24/7 and being able to follow up developments in the market, ability to put check on emotions, which is a difficult task in manual trading, ability to calculate lots of market parameters faster than human trader and so can place trades in split seconds than is possible with a human trader,etc.

[instacalm]

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've never used a bot for trading and I don't intend to, simply for the reason that I don't really feel like or need to participate in day trading. I'm much too busy for that with my regular occupation. What I have at least seen, however, what seemed nothing other than vigorous bot activity on several popular exchanges at times...

[carap]

... people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

Some strategies like scalping are terribly difficult (super time consuming) to be implemented by hands.

For example, we traded ETH/BTC on Poloniex, we had about 6 btc on deposit, in less then 1 month we made 2317 buy and 471 sell orders! How much time would it take a protein-trader to place 2700 orders? Without any mistakes or typos.
One may say that scalping is not effective (not profitable). Our capital turnover was about 1700ETH, but we made +0.94BTC from 6BTC of initial deposit.

Surely, some of you guys can do a lot better by manual trading, especially if you do some research, follow whale and ride to the moon with some "unexpected" pump! I love doing that as well, but most of the time I'm late for the party. In the mean time I love seeing some micro-profits from automated-trading. Anyway robots are given a maximum of one third of my total deposit - that is my money management practice.

[Victorycoin]

... people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

Some strategies like scalping are terribly difficult (super time consuming) to be implemented by hands.

For example, we traded ETH/BTC on Poloniex, we had about 6 btc on deposit, in less then 1 month we made 2317 buy and 471 sell orders! How much time would it take a protein-trader to place 2700 orders? Without any mistakes or typos.
One may say that scalping is not effective (not profitable). Our capital turnover was about 1700ETH, but we made +0.94BTC from 6BTC of initial deposit.

Surely, some of you guys can do a lot better by manual trading, especially if you do some research, follow whale and ride to the moon with some "unexpected" pump! I love doing that as well, but most of the time I'm late for the party. In the mean time I love seeing some micro-profits from automated-trading. Anyway robots are given a maximum of one third of my total deposit - that is my money management practice.

That was a nice feat from your bot! I like the feature that you can decide the percentage of your fund the bot is allowed to access, because that where problems often arises with bots - they feel or care for nothing. Did you develop the bot yourself and can someone else give it a try?

I always know that a well formulated and structured bot stands better chance of picking profits from the market than manual trading, because a bot stays focused - devoid of emotions and following every developments in the market day in, day out and their speed of spotting and placing traders is far better off.

[X-ray]

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've never used a bot for trading and I don't intend to, simply for the reason that I don't really feel like or need to participate in day trading. I'm much too busy for that with my regular occupation. I have, however, what seemed nothing other than vigorous bot activity on several popular exchanges at times...

there's nothing wrong and it's your decision, evne though bot can help you in day trading and you will not have struggling with the trading if some opportunity suddenly appear, though if you don't have an intention it's better not to. and that's right, bot activity in several popular exchangers are pretty strong, it's because those traders have limited energy to always lurking.

[jossiel]

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've never used a bot for trading and I don't intend to, simply for the reason that I don't really feel like or need to participate in day trading. I'm much too busy for that with my regular occupation. I have, however, what seemed nothing other than vigorous bot activity on several popular exchanges at times...

there's nothing wrong and it's your decision, evne though bot can help you in day trading and you will not have struggling with the trading if some opportunity suddenly appear, though if you don't have an intention it's better not to. and that's right, bot activity in several popular exchangers are pretty strong, it's because those traders have limited energy to always lurking.

Me too I never used bot and I don't have any plans for using it although I know it has some advantage and help for me.

But I really don't want someone or a bot to do something with my trades, I'm not just comfortable with it.

I wanted to manage my trades with my own knowledge and effort so that whenever I got profit, that's going to be sweeter.

[1Referee]

Some strategies like scalping are terribly difficult (super time consuming) to be implemented by hands.

For example, we traded ETH/BTC on Poloniex, we had about 6 btc on deposit, in less then 1 month we made 2317 buy and 471 sell orders! How much time would it take a protein-trader to place 2700 orders? Without any mistakes or typos.
One may say that scalping is not effective (not profitable). Our capital turnover was about 1700ETH, but we made +0.94BTC from 6BTC of initial deposit.

Surely, some of you guys can do a lot better by manual trading, especially if you do some research, follow whale and ride to the moon with some "unexpected" pump! I love doing that as well, but most of the time I'm late for the party. In the mean time I love seeing some micro-profits from automated-trading. Anyway robots are given a maximum of one third of my total deposit - that is my money management practice.

I personally only do manual trading, but that of course doesn't mean it's always more profitable than a bot that is doing its thing. I once had a bot developed to run on various exchanges, but for some reason I couldn't handle the fact that something other than myself is making buying and selling decisions (e.g. risking my money). Have you ever encountered that your bot has been not profitable during various trading sessions? If so, did you let the bot just run in the hope that the losses will be bend into profits, or you directly put a temporary stop for that day?

[carap]

Did you develop the bot yourself and can someone else give it a try?

My team made a bot and constantly working on it. But I'm not authorized to share it or even get more into details on how it functions.
May be, some day in future, one of simplified implementations will be available for rent, but personally I doubt that. It makes us some money, we would like to keep it doing so.

I like the feature that you can decide the percentage of your fund the bot is allowed to access.

Here I may give you a hint - make another separate account only for bot! By doing so you'll be 100% sure your main deposits are safe.

Have you ever encountered that your bot has been not profitable during various trading sessions? If so, did you let the bot just run in the hope that the losses will be bend into profits, or you directly put a temporary stop for that day?

Of course, there is no bot or strategy that always make money! If someone is advertising you a strategy or a bot that never loses, send this person to hell straight away!
What I do during non-profitable periods? I become a long term investor for the active that my bot has bought
It is a traders responsibility to choose an active that shouldn't get to 0 in the long run. It is up for the trader to find the right balance between profitability VS risk. 
There are shitcoins that experience crazy pumps, but it is risky to send a bot to trade them, because once they might be dumped to 0, there will be no strategy or technique that may help to recover losses. I don't stop bot, even if it has bought a lot during the sharp dump, since I expect it to sell with profit on the next pump - patience is the King!

I wrote in more details regarding personal responsibility of the trader and discussed some common wrong assumptions about trading robots in my thread - https://bitcointalk.org/index.php?topic=1722689.new

[puremage111]

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!

Have no knowledge on making bot, but if i am making one, the primary rules of course is the stop loss function.

Well, in forex or all other currency, you can use trading tools like the EMA, SMA calculations, but in altcoins, i don't think it apply well.

It may apply but it wouldn't work that well with crypto trading, so i guess first, stop loss is a good feature!