Does a profitable trading bot exists?

[nstoynov]

Is using a bot feasible?

I'm not expecting automatic doubling of my money every second week, but what about a constant profit of 3-5% per month.

Taking into consideration the volatility of the altcoins, this should be mathematically achievable (trough martingale or some other system).

[sylance]

I'm a big fan of Gunbot.  I've been using it for a little over a week and getting about 1-2% a day on the funds I'm using for trading.  I wrote my review here: https://bitcointalk.org/index.php?topic=1715214.msg21142041#msg21142041

The Gunbot Announcement is here: https://bitcointalk.org/index.php?topic=1715214.0
Official Forum: https://gunthy.org/index.php

It's not a magic bullet.  There is a small learning curve and I do manage it everyday, but I'm really enjoying the experience.  I'm still only trading on about 10% of my crypto balance but I'll soon be giving Gunbot access to my entire exchange portfolio.

[Fantum]

It's all about how you manage your bot. Test it first on a few different coins. You need to keep an eye on it and change currencies when needed. You can try one like Trendatron, that just scalps in a bullish market. If you stay on top of it you can easily get 3% a day. There is also a new verson, not really a bot, https://www.enigma.co/catalyst/#/getstarted I used this review list of bots to test out a few https://cryptotrader.org/topics/285821/premium-bots-a-hopefully-unbiased-view-and-some-tips

[lakimens]

Try BitConnect before you try any of these trading bots.

[sylance]

Try BitConnect before you try any of these trading bots.

Bitconnect is such a polarized topic on these forums, and although I'm not certain they're legit I do have a little bit of coin 'invested' there.  To call it a trading bot though is a misconception; they're value proposition is that they take your investment and multiply it by their own trading bot.  Purchasing a bot has a few major benifits:

• Gunbot is a one time purchase; it's yours to use as long as you with
• You have full control over the logic and tuning
• Don't have to worry about someone running away with your investment

[nstoynov]

Thank you all.

Stable 3% per day seem too good to be truth (that would make 1,000$ in 48,482,724$ just for an year )

What about the skills required to manage the bot?

Do I need to have specific experience or technical abilities?

[jakeserrano360]

Yes, I've personally seen them at pay but the problem is any thing you set up isn't always going to work absolutely. At least, I haven't seen this working to date. We are working on a project to bring an Algo to the population though which can be used a TOOL to help a day / swing / really any trader based on the stats they plug in. I'll keep the community here posted. Cheers!

[denetci]

is the gunbot the best one? or do you prefer any other bots? i want to buy a bot too, but i have not been able to declde yet. thanks for your help.

[chesatochi]

I'm a big fan of Gunbot.  I've been using it for a little over a week and getting about 1-2% a day on the funds I'm using for trading.  I wrote my review here: https://bitcointalk.org/index.php?topic=1715214.msg21142041#msg21142041

The Gunbot Announcement is here: https://bitcointalk.org/index.php?topic=1715214.0
Official Forum: https://gunthy.org/index.php

It's not a magic bullet.  There is a small learning curve and I do manage it everyday, but I'm really enjoying the experience.  I'm still only trading on about 10% of my crypto balance but I'll soon be giving Gunbot access to my entire exchange portfolio.

I read your review about Gunbot! We see that you have faced some issue at the beginning but now you making some progress

[sylance]

Thank you all.

Stable 3% per day seem too good to be truth (that would make 1,000$ in 48,482,724$ just for an year )

What about the skills required to manage the bot?

Do I need to have specific experience or technical abilities?

You're wise to be skeptical; anything that sounds too good to be true normally is.  I've only been using Gunbot for 12-days now so I'm giving you a very small sample of the profits.  I haven't set it loose on all my portfolio yet to minimize the risk, but what it has been trading has been solid.  I made about 11% profit in a week for what it's worth.

But here's the deal... my bot traded traded like mad yesterday but has stalled now because everything traded away from BTC since BTC spiked yesterday.  So I've only had 4-trades today compared to over nearly 20 the prior days.  Now I'm waiting for the market to stabilize so my bot can start trading again.  I'm still researching how to handle a sudden spike in BTC or ETH.

[Moz90]

I've used bots for other types of trading, I'd say it takes a lot of trial and error and constant adjustments before gaining a good margin. You can't just start a bot and start making huge margins

[Maxre]

Thank you all.

Stable 3% per day seem too good to be truth (that would make 1,000$ in 48,482,724$ just for an year )

What about the skills required to manage the bot?

Do I need to have specific experience or technical abilities?

do not need any special skills I think enough with your experience and your lucky luck in order to get big profits.

[chilly9876]

Don't bother with bots, if they could give you a clean 1% even per day, you're looking at over 7% per week which is huge. If that was the case the bot would be selling for a lot of money.

[juicejoyce]

I think there are trading bot actually and most of them may be belong to the exchange platform, I can some small but active bills and it seems they also there, no rest, I think it is sure to be profitable, but I do not know how much.

[Lanatsa]

Don't bother with bots, if they could give you a clean 1% even per day, you're looking at over 7% per week which is huge. If that was the case the bot would be selling for a lot of money.

If you do ask for a bot which you believe can give constant profits then it doesnt really exist since you would still need to set up it according to your knowledge and desired commands. Most trading bots are free or even given by the platform already but these are just tools to automate your trades not on just relying your trade and the bot would do the rest.

[sylance]

I don't know what to say for those who are saying bots aren't profitable.  I'm not saying you'll be a trillionaire in a few days using it, but they do generate profits, or at least Gunbot does.  If bots didn't work, then why is nearly 90% of the US stock market traded via bots?

https://www.cnbc.com/2017/06/13/death-of-the-human-investor-just-10-percent-of-trading-is-regular-stock-picking-jpmorgan-estimates.html

Although I'm a firm believer in a trading bot, I'm still a believer in the 'buy-and-hold' hold strategy on healthy coins.  My goal with my bot is to generate profits to put them into BTC, ETH, Dash... with a little in OMG and Onion for long term investment.

[maeusi]

I also read that many users are pleased with the results of gunbot. But the premise of a good working bot are properly working services. At the moment there seem to be doubts on leading exchangers.

[dracoix]

Like maeusi said. I'm one of those that used Gunbot, and recommend Gunbot, but Poloniex being Poloniex will eat most alive. I never made my coins back using Gunbot because I don't trust Poloniex's stability anymore. Only expect maybe 0.1% per day in profits (still a lot), because bag holding will be the biggest problem. You might get lucky every other day or so and hit 10-30% for that day, but overall average is still a decent trickle.

[yonghongtang]

Is using a bot feasible?

I'm not expecting automatic doubling of my money every second week, but what about a constant profit of 3-5% per month.

Taking into consideration the volatility of the altcoins, this should be mathematically achievable (trough martingale or some other system).

I don't know any profitable bot on trading.But I can recommend you a coin working on this, Coindash. It aims to become a good investment management tool for crypto currency .
Its alpha version is usable, you can download it from its official website.

[auliahr]

there must be pros and cons. but honestly i do not like bot. I prefer to analyze myself and use my own feeling in trading.
there may be some here who prefer to use the bot and also have benefited from using the bot.