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Author Topic: Bot Softwares for Trading  (Read 2226 times)
Monnt
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February 08, 2017, 09:03:48 PM
 #41

Whether its artificial intelligence or something beyond that, it is created by the human. So I don't think it can work better than human mind, it works upon the way its programmed to function. Also with bitcoin human itself can't make the prediction for tomorrow's price then how come to rely on a bot.
Nothing on this world could really predict prices on the future and you are right even those bots cant really decide and know on what would be the prices and as you said those are just human creations and been coded to automate tradings it doesnt make decision that could human do.
Yeah, bots are not perfect and they can’t be even if they put so many possibilities in the coding, the prices change according to factors that are hard to predict which makes using software useless, plus I see a lot of trading sites that have policies against using bots in their terms of use.
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February 09, 2017, 12:28:38 AM
 #42

Whether its artificial intelligence or something beyond that, it is created by the human. So I don't think it can work better than human mind, it works upon the way its programmed to function. Also with bitcoin human itself can't make the prediction for tomorrow's price then how come to rely on a bot.
Nothing on this world could really predict prices on the future and you are right even those bots cant really decide and know on what would be the prices and as you said those are just human creations and been coded to automate tradings it doesnt make decision that could human do.
Yeah, bots are not perfect and they can’t be even if they put so many possibilities in the coding, the prices change according to factors that are hard to predict which makes using software useless, plus I see a lot of trading sites that have policies against using bots in their terms of use.

Can you explain me about some review on the bot's thread? But the general thing about the bot, it can't reach the other decimal outside of the range amount has been putting by the user.
So, is it including on the illegal activities?


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ethereumhunter
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February 09, 2017, 02:27:14 AM
 #43

i only know three bot that will help us to automate our trading, leonardo, cat, and gunbot. the two bot, leonardo and cat is release long time ago and still exist until now, gunbot is a new one. but all support from the dev is awesome, they really thinking about after sales for the member and really makes their customer to important person that should be give attention. leonardo and cat can be used by many market but in cat, we should buy the api code to work for another market, gunbot is more cheap than the other bots but its only work for poloniex market.

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May 20, 2017, 12:04:01 PM
 #44

as of now with latest updates which one u recoommend to try? cat leonardo or gunbot?

mind u can buy licences for other exchanges for gunbot now

thx
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May 20, 2017, 12:46:04 PM
 #45

I think that's risky trading. Bots directly trade your money and don't think whether you have enough money or not. If they loose then they will put more money to recover the loss as well as to get new profit from new trade. That's make it horrible trading way.
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May 20, 2017, 07:19:31 PM
 #46

I have seen that many people are using bots to trade and it is a good way to save time and reduce a lot of risks. Many experts in this forum have also developed some of their own trading bots and sell it around here. That is really good

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May 20, 2017, 07:24:30 PM
 #47

I don't recommend trading bots in such good times of bitcoin going to moon, there can be major issues using trading bots at this time, like in a day price can fluctuate about 100$ in bullish or bearish market or maybe more, so you should set variables for that too keeping into account.

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May 20, 2017, 07:28:17 PM
 #48

I have seen that many people are using bots to trade and it is a good way to save time and reduce a lot of risks. Many experts in this forum have also developed some of their own trading bots and sell it around here. That is really good
It may save time but I am not sure it will help you to deal the risks. Because bots may react and trade as per how it was coded but market trends may vary over time. I am looking for more versatile bot which will be making profits under any type of market situations. I guess I only may need to code such a bot.

I guess it would be too hard to find trading bots which will be suiting as per our trading strategies. One bot may not cover different strategies to cross check entry points all the times. Summing up all, it seems manual trading could be the best one.
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