Do you use a bot for trading?

[deisik]

Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...

Could you name a few?

Well if you think the traders can make huge profit with trading bot you are wrong

I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).
It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with

Not all bots are born equal

If you are using a simple strategy like Ping-Pong which comes down to placing opposite orders (and which you seem to refer to here), a bot will help you greatly since manual order placing and more so price tracking can be dull and boring. Such a bot will certainly make your life easier. On the other hand, if you are catching abrupt price moves which happen within a couple of seconds, a bot will be indispensable since you simply won't be able to react quick enough. You could place orders manually beforehand, of course, but you can't withdraw them fast enough when you see that there is going to be a genuine crash (a bot could trace price movements at a few exchanges at once and cancel such orders in half a jiffy)

[carap]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills. 

[PokerFace3]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills. 

Yeah I think you should check yourself before believing others. That is why I always suggest there should be a demo period for all bots, it is not an insanely easy thing to trade with a bot and if you can just try it for couple of days than you can always see if you can run it and buy it or not.

When people suggest things that are on their signature I see bias and go check like youtube videos and so forth to see if it worked at all.

[deisik]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills

As the proverb goes, many a little makes a mickle

On the other hand, there may be other reasons (apart from purely financial ones) why anyone could be wearing a signature. Personally, I'm not very prone to communication myself (that doesn't mean that I can't communicate), I just don't feel like talking when I can keep silence. As Churchill once said, never run when you can walk, never walk when you can stand, never stand when you can sit, and never sit when you can lie down. And when you lie down don't waste your time but sleep. Wearing signature makes me communicate (whether I like or not), otherwise I would most certainly stay away from discussions and polemics altogether. Deep inside, I don't feel an urge to prove anything to anyone (aka "someone is wrong on the Internet")

[BrewMaster]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills. 

to earn a decent amount of money you have to invest big.
investing big means a small change leads to a lot of money moving around, change down a big loss and change up a big gain.
when money becomes bigger the stress of it becomes bigger too.
now add to that the fact that cryptocurrency market is manipulated specially when it comes to altcoins.

how many people do you think are willing to sustain this kind of work?

you can obviously see a lot of people play around with 0.5-0.001BTC but as i said to make real money you need real big amounts.

and i don't get why you mix being in a signature campaign with what people have to say about trading!

and with your logic this guy has to be the god of speculation https://bitcointalk.org/index.php?action=profile;u=654

[Victorycoin]

Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...

Could you name a few?

Well if you think the traders can make huge profit with trading bot you are wrong

I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).
It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with

Not all bots are born equal

If you are using a simple strategy like Ping-Pong which comes down to placing opposite orders (and which you seem to refer to here), a bot will help you greatly since manual order placing and more so price tracking can be dull and boring. Such a bot will certainly make your life easier. On the other hand, if you are catching abrupt price moves which happen within a couple of seconds, a bot will be indispensable since you simply won't be able to react quick enough. You could place orders manually beforehand, of course, but you can't withdraw them fast enough when you see that there is going to be a genuine crash (a bot could trace price movements at a few exchanges at once and cancel such orders in half a jiffy)

Bottom line is that a bot does no magic except that it has been coded to do especially as they could not have been based on A.I. Which goes to highlight the point that if a trader can come up with a strategy that works manually, then nothing prevents same strategy from working as a bot except something amiss with the coding.

That highlights the fact that a bot is meant to serve as an assistant not a replacement and can efficiently perform the role of monitoring the market 24/7, carrying out specific functions given to it. Before anyone jumps to conclusion that bots are waste of time and resources,they might want to ponder why institutional investors and banks are sparing no expense in producing expert systems that manages their forex trade or if it works with forex, what stops it from working with cryptocurrencies?

[deisik]

That highlights the fact that a bot is meant to serve as an assistant not a replacement and can efficiently perform the role of monitoring the market 24/7, carrying out specific functions given to it

Personally, I'd rather consider a thoroughly written trading bot as a replacement, not as an assistant

Provided it brings profits, or course. Really, if it saves you plenty of time making all the dirty work of implementing your strategy in practice instead of you, how can it possibly be considered as an assistant? If it does actual trading (i.e. places and cancels orders), it is a replacement, by any name. If it helped you develop a trading strategy, then it could be called an assistant (in developing trading strategies), but the task of fulfilling the strategy is a task for a trader, and thus it is a replacement for you as a trader (but not as strategist). You, on the other hand, get busy with strategies, writing the code and testing it, leaving trading as such to the bot

[blackhawkeye1912]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

Do you think bot in trading will be a big help for a traders like us here sir? And if ever yes, I'm gonna try it, can you give some site of it were I can get some and try to apply it in the exchange platform. Thanks

[MyIdeas]

I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things  might be detrimental to us. I prefer the manual method.

I also prefer the manual way of trade because I also do not have trust on bot for trade or I think I do not know about these bot because one day on tjis forum I saw a person saying that bot can work better.

[tabas]

I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things  might be detrimental to us. I prefer the manual method.

Me too I didn't experienced using a bot for trading and I don't want to. And you need to purchase one of it. I only know gunbot and it costs 0.1 BTC if I'm not mistaken and base to the feedback of those people that bought it, it helped them to trade properly and it generated them income. But for me I'll still rely on manual trading.

[cointabo]

Manual trading > BOT trading

[dwieyani]

whether to use this bot can simplify how do I trade?


suggestions and rules that you provide will be working.
thank you!

[Labumi]

I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things  might be detrimental to us. I prefer the manual method.

Yeah. Indeed the biggest drawback that we will never eliminate is on the bot may not work optimally or not in accordance with the commands that we provide. Because indeed every human creation has its disadvantages and advantages, then we have to be clever in using it appropriately. The bot does help for trading, but trading was not a suitable place to always use bots or rely on a bot. Because trading requires analysis and a proper thought and every time a trading pattern is always different and it could ruin our capital finance or if a bot we use wrong in response to it
 

[pooya87]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

Do you think bot in trading will be a big help for a traders like us here sir? And if ever yes, I'm gonna try it, can you give some site of it were I can get some and try to apply it in the exchange platform. Thanks

as it was said at least a hundred times before in this topic, if you are new to trading you shouldn't be even wanting to try a bot. first learn how to trade and do it at least for a couple of months manually and then if by that time you felt the need for some level of automation and a bot then seek a good one.
but not now.

[CODE200]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

[raven7886]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

There are some significant advantages of using bots, I like to suggest to check with them. Like bots are capable of analyzing markets round the clock. When we are sure about one trading bots, it will be equivalent to you got some employees to make money for you. But it will not be that much easier to have such bots, but just imagine how it will be good when your are having some people working for you  

There are few bots in market which will do 90% of your trading works automatically and only final decision will be yours. Once you decide and finalize, it will do the rest of 10% works to get you profits.

[sunsilk]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

I don't also use bots for trading. But I know that bots are good help for you to become more productive.

I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.

And another thing is that I'm learning while doing manual trading.

[gabmen]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

I don't also use bots for trading. But I know that bots are good help for you to become more productive.

I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.

And another thing is that I'm learning while doing manual trading.

Yeah I agree. Bots actually lessen your chance of missing a good time to either buy and sell while you're not logged in or online. I've tried it once and it's a good feeling to know that there's something to look forward to the next time you check the bot. It makes you feel a bit at ease when you're away though you have to also be careful about bugs because that can make you lose money also

[deisik]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

I don't also use bots for trading. But I know that bots are good help for you to become more productive.

I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.

And another thing is that I'm learning while doing manual trading.

Yeah I agree. Bots actually lessen your chance of missing a good time to either buy and sell while you're not logged in or online. I've tried it once and it's a good feeling to know that there's something to look forward to the next time you check the bot. It makes you feel a bit at ease when you're away though you have to also be careful about bugs because that can make you lose money also

It is not only about bugs

Some primitive bots (and I guess this makes up the total majority of them) don't take into account how fast the price changes and whether this change is correlated with the price changes of the same coin at other exchanges. Thus such bots can be fooled into excessive buying (or selling, as another option) when there is not enough liquidity in the orderbook at the opposite side, leaving their operators with losses. Sometime ago I even posted a chart where such event was as clear as day. Apparently, this can hardly be done directly by a human being, so we basically have some advanced bots parasitizing on simpler ones

[hello2future]

I've never tried a trading bot , I almost feel like it sounds too good to be true sometimes. I'm not sure how much value they'd actually generate.