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Idrisu
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April 06, 2017, 06:46:44 AM
 #21

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

Bots is good if it is developed according to the traders trading strategy. Why many traders who go for bot always abandon the bots and revert back to their human trading is because the bots is not developed according to their strategies and this makes them make losses.
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April 06, 2017, 06:56:38 AM
 #22

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

Bots is good if it is developed according to the traders trading strategy. Why many traders who go for bot always abandon the bots and revert back to their human trading is because the bots is not developed according to their strategies and this makes them make losses.
Yes bots cannot analyze the market very well so there is a high chance for them to loss money because bots just have a program with a certain strategy unlike in manual trading you can choose different and apply those strategies in yourself and get a higher chance of earning enough profits. Manual trading is still the best until now because the market is getting more complicated and a bot cannot handle that.
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April 06, 2017, 10:42:22 AM
 #23

Oralmat, check this out:

One of the very first automated Bitcoin trading bots to ever be created goes by the name of BTC Robot.
While it seems to do the job and is quite easy to set up, user’s mileage may heavily vary when using this tool.
 
The Gekko trading bot is an open source software solution hat can be found on the GitHub platform. It was
last updated two months ago, which seems to indicate it is still being actively developed.

One of the more attractive – yet unknown – solutions goes by the name of CryptoTrader. The service offers
cryptocurrency users automated trading bots running on cloud platforms.

Another open-source solution for Bitcoin traders goes by the name of Zenbot. It is available to download and
modify the code if needed. According to the GitHub page, Zenbot 3.5.15 makes a 1.531 ROI in just three months,
which is quite surprising.

Although technically not a bot in the traditional sense, Tradewave is a platform allowing users to create automated
Bitcoin trading strategies. Users can connect most of the major exchanges to enable live trading within a few minutes.
 
The Haasbot is somewhat popular among cryptocurrency enthusiasts. On paper, Haasbot does all of the trading
legwork on behalf of the user.



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April 06, 2017, 10:46:15 AM
 #24

Open source and semi automated is a fine use for auto traders.

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April 06, 2017, 11:05:10 AM
 #25

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

Bots is good if it is developed according to the traders trading strategy. Why many traders who go for bot always abandon the bots and revert back to their human trading is because the bots is not developed according to their strategies and this makes them make losses.
Yes bots cannot analyze the market very well so there is a high chance for them to loss money because bots just have a program with a certain strategy unlike in manual trading you can choose different and apply those strategies in yourself and get a higher chance of earning enough profits. Manual trading is still the best until now because the market is getting more complicated and a bot cannot handle that.
Decision making and Sudden Market news cant really be executed or avoided by trading bots which is the only disadvantage of it thats why doing manual trading is much more better and its not really ideal to leave bot while you are sleeping unless if theres no news or the market is just calm then it might do but always think of the possibilities.



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Rainbot
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April 06, 2017, 11:11:18 AM
 #26

Would you use a Bitcoin trading bot instead of you?
This is a common fallacy related to bot trading.  A bot on an exchange never acts instead of you, it acts as your servant.  Gunbot and C.A.T (the main bots on the forum, the former being on Poloniex and the latter on exchanges of your choice), make you set how you want them to run.  You choose the best trading pair (a currency with a chart that goes up and down consistently, no pump/dumps as it's a day trading bot), then you choose the variation of price that you want it to allow before buying and selling (so it'll automatically place orders for you) and then it's ready to go.  If you actually want it to be profitable you have to check the charts every day and consider changing these parameters and the instructions of the bot.  You also have to be prepared to take your money out of the currency if it's looking bad, or shut down the bot and trade manually in certain situations, if you want to profit.
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April 06, 2017, 12:25:51 PM
 #27

i have to admit that i have always wanted to use a bot and try one of these many different bots and services but there always been two major problems:
1) the price which is usually high
2) trust which is hard thing to do.

maybe if there were some trial period for bots that could get some people like me to try them.

to the moon with bitcoin...
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April 06, 2017, 01:03:51 PM
 #28

I was one of those who do not believe in trading bot. because I prefer the manual trading. today the development of robots is so fast, but to do it manually trading is the best choice in my opinion. all matters and decisions at the top of my control.
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April 07, 2017, 08:37:33 AM
 #29

I think I am okay using bot if it is only used to send signals for entry or exit but if it will execute orders for me, I do not think so. I do not believe bot can measure market sentiments, only technical analysis. So it is better to have human intervention.

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April 07, 2017, 08:58:28 AM
 #30

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

Trading bot does have some advantages when compared to manual trading.Trading orders are executed quickly.Minute errors are avoided while placing orders.But if there is a loss of internet connection,trading bots cannot trade at that time automatically.Some human supervision is needed.

Undoubtedly Trading bots have a better uptime and will not miss any trades which are executed quickly in real time, and the obvious... no emotions are tied during the trading process.

But ultimately the disadvantages outweigh its advantages as bots luck experience and any wrongly set rules for the bot can lose you a lot of money which is why some human interaction is needed for that edge.
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April 07, 2017, 09:13:33 AM
 #31

In my opinion trading bots are found successful only when the price increase alone takes place. It is programmed to make buying when price reaches certain level and buy at some other point. Other than this it cannot make effective trades.

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April 07, 2017, 09:30:27 AM
 #32

using a bot for trading I think it is less effective in addition to our calculations are not necessarily appropriate because anything can happened in trading. and the possibility of our programs can be screwed just like one wrong character in the program that could lead to trading at random or not work.

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April 07, 2017, 12:06:45 PM
 #33

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

I also want a concept of a bot doing all my tradings before. But now i also think that in life there is no easy way to be a successful trader. In trading there is always a risk so if you will not work and focus on your trading you may lose your bitcoin in such a faster way. And i believe that using bot in trading is just like cheating to earn. In life we need to work hard to earn like in signature campaign we all need to post and always remember the rules so you can earn. Besides if you will be the one who will manage your trading you will learn when it is the best time to buy or sell on your own calculation and not depending on a low probability bot.
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April 07, 2017, 01:27:33 PM
 #34

using a bot for trading I think it is less effective in addition to our calculations are not necessarily appropriate because anything can happened in trading. and the possibility of our programs can be screwed just like one wrong character in the program that could lead to trading at random or not work.
I agree with you because I too never had any pleasant experience with trading bots. Still I love the idea of trading while I am sleeping.

Practically it is not possible but I just imagine what and how it would be if it is really happening. Maybe it sounds greedy to most of the people here, but I am still looking for such a bot which will be trading for me round-the-clock profitably.
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April 08, 2017, 08:41:52 AM
 #35

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

Bots is good if it is developed according to the traders trading strategy. Why many traders who go for bot always abandon the bots and revert back to their human trading is because the bots is not developed according to their strategies and this makes them make losses.
Yes bots cannot analyze the market very well so there is a high chance for them to loss money because bots just have a program with a certain strategy unlike in manual trading you can choose different and apply those strategies in yourself and get a higher chance of earning enough profits. Manual trading is still the best until now because the market is getting more complicated and a bot cannot handle that.
If your bot is unable to properly analyze the market, it is not because bots in general are unable to analyze market data, but simply because either you  or the coder did a poor job. The saying that,"Garbage in, garbage out still holds here. The real problem traders have with bots is their inability to come up with bots that can do exactly what they want them to do and funny enough most  traders buy and deploy bots even without a good understanding of the algorithm the bot runs on.

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April 08, 2017, 09:22:45 AM
 #36

Would you use a Bitcoin trading bot instead of you?

There are times where we can not monitor our trades even if we want to.  These lapses will definitely be filled by trading bots.  I find it productive to use Trading Bots whenever we are to sleep or go out with our family to have some bonding activities.  So definitely, I will use Bitcoin trading bot in times when I have to take a break and rest or do other important activities.


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April 17, 2017, 08:10:32 AM
 #37

Very interesting feedback so far from all of you guys...



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April 17, 2017, 08:13:52 AM
 #38

The only bitcoin trading bot i know is ABT (autobitcointrading)
But don't know the result now.can someone share experience there?
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April 17, 2017, 01:33:06 PM
 #39

I would like to try a bot to trade, but I do not trust him and am afraid of losing all my coins. Maybe in the future when there will be more money, then I will decide to try out the bot.
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April 17, 2017, 01:57:19 PM
 #40

~snipped~

Would you use a Bitcoin trading bot instead of you?


Bots main purpose is to execute your trades even your away at desk. But I only see trading bot as a useful tool when dealing to an asset that have a low volatility for a certain period time. In other words, close to stable price.

Price volatility in bitcoin especially in altcoin sometimes really goes crazy even for a duration of minute. Therefore, trading bot will just wrecked your trading stategy. Well unless you trust your set price as a wall price then up to you to proceed. In this kind of crypto price movement, I preferred to do manual traders than using bots most of the time.

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