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Author Topic: TRADING BOT  (Read 1625 times)
enterprevic (OP)
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October 18, 2017, 11:26:28 AM
 #1

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time

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October 25, 2017, 05:44:13 PM
 #2

Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.
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October 25, 2017, 05:47:18 PM
 #3

Bots cannot make you profits, it is impossible. What they do is help make your trading much easier by automating most of it. This way you don't have to sit in front of the PC for several hours waiting for the price to change. What makes you money is your system/edge and how you apply yourself/discipline.
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October 25, 2017, 05:55:52 PM
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Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.

How are you able to do that Mayadin?
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October 25, 2017, 06:02:12 PM
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Just researching the coins, upcoming events, buy cheap and hold/sell high. Dont listen to emotions. i started a few weeks ago and made a 30% profit.

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October 25, 2017, 06:31:09 PM
 #6

Trading bot is what i dont follow and nor i recommend it to beginner or professional trader.The bots don't use or get adapt to the trading system that much easy way. The bots need to be change or altered in order to be profitable and manage your own funds for the longer term. Even i have heared about bots like multibot, robotrade,  etc. Right now i am not using any kind of bots as i don't like to use them, but yes if in future the bots get develop and demand, then i will add them to my business.

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October 25, 2017, 06:35:51 PM
 #7

Just researching the coins, upcoming events, buy cheap and hold/sell high. Dont listen to emotions. i started a few weeks ago and made a 30% profit.

Okay thank you.
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October 25, 2017, 09:00:52 PM
 #8

Bots can be useful, I have had success with LeonArdo, but they are not a replacement for research. You still need to know what coin to target and what range to have the bot work within. They are tools to help your strategy succeed, they are not replacements for not having a strategy.

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October 25, 2017, 09:09:25 PM
 #9

All the bots that were mentioned in here are expensive because they have ridiculous costs of marketing inside the price, and you are paying for them. All the trading bots that makes fake promises saying that they will give you $10000 a week, are a bullshit, there is not a bot that can do magical tricks for making you earn money.
So start doing manually trading by yourself, it is not difficult, you only have to learn about how to trade, and you will be earning a lot of money, and plus you wont have to spend $600 in a ridiculous bot.
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October 25, 2017, 09:15:56 PM
 #10

Trading bots can be very profitable, if you use them with the proper settings for the current market conditions. If anyone "guarantees" a certain amount of profit, then they are scamming you (in one way or another). Personally, I use Gunbot- a fully featured bot which requires you manually set/update the setting- and if I am unable to update the bot every few hours, then there is a good chance that it will lose money (unless the market is in a flat-state.
In short, trading bots are NOT a "guaranteed "easy" way to make money without proper knowledge of the markets or the time to constantly tweak your bot. Bots will only speed up and somewhat automate the process of trading.
If used properly and with much effort, bots can be VERY profitable (on a good day, my bot will rake in ~5% and on the worst of the worst days, will still make a slight profit- ~1%)

Good luck and remember- you get as much as put in!  Tongue
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October 25, 2017, 09:34:30 PM
 #11

this now GUN bot is large or much people use Gun bot service
before you use Gun bot service you can review with read official thread Gun bot

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October 25, 2017, 09:41:31 PM
 #12

Where to get this called Gunbot ? I found where i can buy one for 0.3 BTC just thinking if its the same thing.
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October 25, 2017, 10:03:37 PM
 #13

If you are new to trading and want to try out a bot, I would recommend LeonArdo. A demo is available to download to play around with an exchange, and the full version of the software is $89. A flat fee compared to other bots that have a BTC price that can go up quite a bit.


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October 25, 2017, 10:09:37 PM
 #14

Yes, dont even think about buying a bot, they are so expensive and if you are a newbie or you doesnt have more than 5 thousand dollars to invest in to the bot, you are not going to recover the bot's cost fast. So if you have a lower budget than that, then try to buy a guide or hire someone to teach you how to trade, how to avoid the losses and how to predict the price, those are the only things you need to trade by yourself.
And i am sure that you can make much more profit by this way.

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October 25, 2017, 11:14:28 PM
 #15

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time

 you can try gunbot  but you cant expect too much on these bots because the human brain is still better and can think and decide much better compared to a.i's and robots that has been invented by those lazy people who want to make thier life easier. so i suggest dont put much money that you cant afford while using such trading bots because they are not so perfect and may crash on the future.
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October 25, 2017, 11:53:51 PM
 #16

Where to get this called Gunbot ? I found where i can buy one for 0.3 BTC just thinking if its the same thing.
On here https://bitcointalk.org/index.php?topic=1715214.0
0.3 btc is a ridiculous price for a trading bot while gunthar only cost you 0.1 btc for GunBot, you could get cheaper if you buy from someone who give you discount (max 10% discount).


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October 26, 2017, 02:08:27 AM
 #17

Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.
Can you give some reviews why you decide not to using it more.
Because i seen many people interest in buying gunbot polo.
I never using any trading bot also, but maybe later i would be buying one of them.
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October 26, 2017, 03:18:31 AM
 #18

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time

Better trade manually. It takes your time but you surely get profit. But when using a bot there is no guarantee that you always get profit on it. For me it is gambling when you need help trading with bot.
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October 26, 2017, 04:04:25 AM
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Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.
I doubt... to trade successfully, you must observe the "buy low - sell high" logic, which is very hard to do because we are humans with emotions. My gunbot had given me good earnings in the recent months but I stopped trading because I have found another way to earn bitcoins, so I decided to migrate all my funds from trading to minting. I respect your opinion about manual trading, though...
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October 26, 2017, 12:29:10 PM
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Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.
I doubt... to trade successfully, you must observe the "buy low - sell high" logic, which is very hard to do because we are humans with emotions. My gunbot had given me good earnings in the recent months but I stopped trading because I have found another way to earn bitcoins, so I decided to migrate all my funds from trading to minting. I respect your opinion about manual trading, though...

Just a matter of turning of your emotions. Or at the very least not listening to them. I dont care if a coin crashes. I'll just hold if need be. as long as my portfolio as a whole makes a profit.

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October 26, 2017, 12:55:17 PM
 #21

Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.
agree same experience , I don't understand other people why they depend their earnings on a bot while they can do it manually and earn much more money , I still prefer to trade manually because it is much securer than risking your account to be compromised and lose all your money

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October 27, 2017, 01:59:25 PM
 #22

Yes, dont even think about buying a bot, they are so expensive and if you are a newbie or you doesnt have more than 5 thousand dollars to invest in to the bot, you are not going to recover the bot's cost fast. So if you have a lower budget than that, then try to buy a guide or hire someone to teach you how to trade, how to avoid the losses and how to predict the price, those are the only things you need to trade by yourself.
And i am sure that you can make much more profit by this way.


This is a pretty inaccurate statement. I don't know of any bot that is 5k? Even GunBot, which is the most expensive I have personally seen, is not even 1K in price.

LeonArdo is a flat $89?

Bots are tools, they will not replace knowledge and a solid trading process. They just enhance your abilities.

Poor traders lose money, simple fact.

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October 27, 2017, 03:53:49 PM
 #23

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time

Everythings the same. There aren't any assurance of earning with bots since they're pretty much doing the same thing. They can't magically predict the right time for buying and selling. Beyyer to juat do it yourself as in time your experience would be your most valuae asset

 
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October 27, 2017, 04:01:44 PM
 #24

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time
If you have a lot of time to spare, why use a bot to trade, nothing beats manual trading, if you want to stop, if you want to sell you can sell anytime. There are advantages and dis-advantages in using trading bots but if you made a mistake in entering commands, you may end up losing more instead of gaining more money. I think bots are good for those who are busy to monitor and stay in front of the pc to trade.
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October 27, 2017, 04:15:42 PM
 #25

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time

I haven't tried any bots for trading but I can tell you that nothing beats manual trading. Bots can't make you money every time you trade and it's worthless as you won't learn anything about trading or market. 
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October 27, 2017, 05:14:32 PM
 #26

We are building an Alto Pilot Bot - fully automated solution for altcoin trading on bittrex.
Right now we are in alfa stage with free trial and if you want to join - feel free to ping https://telegram.me/ParserB0t in telegram.

Also you can follow our channel to receive free trade signals aggregated from main public channels
https://telegram.me/top_crypto and some updates on bot development.
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October 27, 2017, 05:21:54 PM
 #27

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time
I have tried some bots for trading and many in the thread have given some decent suggestions. What I want to mention here is that bots can notify you at perfect time to jump in a coin. But you'll get some 40-50 suggestions a day. Choosing from there is enough a tough task and you can still make a loss unless you go for all the coins suggested which is impossible. You gotta research a lot still.
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October 27, 2017, 05:32:50 PM
 #28

Quote
We are building an Alto Pilot Bot
Could you please tell a little bit more? Do you have a web site?
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October 27, 2017, 05:59:49 PM
 #29

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time
If you have a lot of time to spare, why use a bot to trade, nothing beats manual trading, if you want to stop, if you want to sell you can sell anytime. There are advantages and dis-advantages in using trading bots but if you made a mistake in entering commands, you may end up losing more instead of gaining more money. I think bots are good for those who are busy to monitor and stay in front of the pc to trade.
How about scripts on poloniex when bots buying or selling faster then a real persone?
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October 27, 2017, 09:24:48 PM
 #30

there's a method that I'm trying to setup with the algotrade, but it's so hard to program this crazy stuff, I need more research for that
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October 28, 2017, 12:42:23 AM
 #31

Heard good and bad things on Gunbot so far.
I think we can use bots to automate some tasks which are very useful, like scanning and then give a list of coins that seem they gonna pump. Then you use your brain from here.
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October 28, 2017, 08:00:12 PM
 #32

How can we identify that price of the coin will be increased?
We can calculate:
- how many BUY/SELL orders (in $) usually placed per day(or some period)
- how many BUY orders(in $) have been placed today
- how many SELL orders(in $) have been placed today
- AVG number of unfilled orders usually in stock per day/week/month
- how many unfilled orders placed right now.
- AVG number of large fluctuations per day
- number of large fluctuations today
- AVG fluctuation size

What other indicators can we use?

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October 29, 2017, 06:02:40 AM
 #33

Yes, dont even think about buying a bot, they are so expensive and if you are a newbie or you doesnt have more than 5 thousand dollars to invest in to the bot, you are not going to recover the bot's cost fast. So if you have a lower budget than that, then try to buy a guide or hire someone to teach you how to trade, how to avoid the losses and how to predict the price, those are the only things you need to trade by yourself.
And i am sure that you can make much more profit by this way.


This is a pretty inaccurate statement. I don't know of any bot that is 5k? Even GunBot, which is the most expensive I have personally seen, is not even 1K in price.

LeonArdo is a flat $89?

Bots are tools, they will not replace knowledge and a solid trading process. They just enhance your abilities.

Poor traders lose money, simple fact.

-Fred
I don’t like this idea of trading bot. in fact it is not at all possible for some kind of bot to think in a way a human brain can think. This is really a bad idea. You are going to get dependent on some kind of bot. You never know whether the bot is going to make a right decision or not. For the bot, this thing hardly matters that whether you are going to earn a profit or you are going to lose money.
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October 29, 2017, 06:49:30 AM
 #34

If you are not the owner of the bot that is if you didn't write the code, just forget it it.Most bot only generate tiny trade to the detriment of the the person using it.

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October 29, 2017, 07:17:54 AM
 #35

Heard good and bad things on Gunbot so far. I think we can use bots to automate some tasks which are very useful, like scanning and then give a list of coins that seem they gonna pump. Then you use your brain from here.

There's a method that I'm trying to setup with the algotrade, but it's so hard to program this crazy stuff, I need more research for that.

To trade we must take a lot of time to monitor the price of a currency. So I guess we have to spend or sacrifice a lot of time for trading. Maybe that's why people get lazy and just rely on robots. If we choose to rely on robots, what if something happens that we do not want with the robot? Surely we will also check the robot, whether the robot is working properly or not.

So instead of checking the robot, it's better that we the one who that checks the price of a currency. While the robot or the computer is not the same as humans. The robot can not think and determine or estimate the price. We know and can read the news, and we can predict the price of currency. So I guess we'd better monitor the price. After all, if we are a professional trader, we do not have to worry about losses anymore. Because we already know when to buy and when to sell.
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October 29, 2017, 12:26:12 PM
 #36

Quote
We know and can read the news, and we can predict the price of currency. So I guess we'd better monitor the price. After all, if we are a professional trader, we do not have to worry about losses anymore. Because we already know when to buy and when to sell.
It's true, trading bot is no a silver bullet especially in long term.
But bot can help in short term. For example, each day we have some fluctuations of the rate(even on a sunny day, without good or bad news). Its almost impossible to predict this fluctuations. But for bot it is possible to analyze number of orders in stock, capitalization, number of new orders per hour etc and compare it with historical data(find similar situations in the past).
From my point of view: with good bot it should be possible to win 0.5% each 12 hour with minimal risk.
And I think it's batter than win 3% a day but with HUGE risk to loose more.
I started to implement my own bot, but who knows if I am able to finish it Smiley

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October 29, 2017, 03:35:26 PM
 #37

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time
I have tried some bots for trading and many in the thread have given some decent suggestions. What I want to mention here is that bots can notify you at perfect time to jump in a coin. But you'll get some 40-50 suggestions a day. Choosing from there is enough a tough task and you can still make a loss unless you go for all the coins suggested which is impossible. You gotta research a lot still.
If bots would  guess the trend of a market with 100% accuracy than surely everyone would be using these bots by now. There are some good bots out there that can recognize certain patterns and make trades based on those signals but not all of them are profitable trades. I think it's generally better to not invest in trading bots but instead captilize on big moves manually. This is mainly due the costs that comes with such a bot and it's accuracy.
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October 29, 2017, 03:39:00 PM
 #38

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time
Dont believe on such thing.If trading bots are profitable then most of us are using it now and just sipping out some juice and let the bot work and viola easy profits. This thing isnt possible.They might be a helpful tool but you would still need supervision and the right set-up from its user.These things are only a tool not actually the ones that would make you money.

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October 30, 2017, 01:14:29 AM
 #39

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time
Dont believe on such thing.If trading bots are profitable then most of us are using it now and just sipping out some juice and let the bot work and viola easy profits. This thing isnt possible.They might be a helpful tool but you would still need supervision and the right set-up from its user.These things are only a tool not actually the ones that would make you money.
as the purpose of the bot is created, it only helps us in predicting market movements.
decision in determining buy / sell, back to us. We can not depend on that bot.
Not a few bots even have bugs / weaknesses that can harm its users as well
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October 30, 2017, 02:54:43 AM
 #40

Are there free trading bots we can use for our tradings?
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October 30, 2017, 03:14:15 AM
 #41

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time
I've heard that too. my friend tells me that trading using forex can use the help of robot. they buy at a low price and sell at a certain price automatically
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October 30, 2017, 03:16:08 AM
 #42

I'd like to argue that there are actually some crypto bots that can be utilized effectively. It doesn't even have to be complicated. Take a look at bitcoin's price fluctuations. If a bot could automate that then you'd be rich.

I personally developed and currently use a bitcoin-dip bot. I get the 24-hour price and then every 3minutes, my bot checks the current price. If the current price is X% less, it buys. Almost doubled my bitcoin already after a month of using it.
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October 30, 2017, 03:42:53 AM
 #43

Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.
Yes i agree with you. I never try to trade with bot since i have heard a lot of opinion about bot.
Bot is just tool then people have to set it. So like car and driver. Driver also have to be good before drive a car.
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October 31, 2017, 09:12:03 AM
 #44

Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.
Yes i agree with you. I never try to trade with bot since i have heard a lot of opinion about bot.
Bot is just tool then people have to set it. So like car and driver. Driver also have to be good before drive a car.
Bots can only help you buy and sell your coins at a time with your personal preferences. While working on a boat doesn’t really mean that you are free from the tension but they only help you to go with an ease. Some of the mates have a different idea about the trading bots. The trading bots only tells you about a certain coin then it is your responsibility to decide to what to do. If you leave your trading activities to someone else, they will never care about your money the way you do. For the trading bots experts your trading is only an activity while for you it is your future. I use trading bots but only for the reason to less my working hours of trading.
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November 03, 2017, 01:24:25 PM
 #45

There are these bots online that promises to make you a desired amount of profit within a specified amount of time, now I want to start trading with the help of trading bots or robots and I would like to know which has been extensively tested and has proven to be effective over time.

Thanks for your time

I have really heard about gunbot from polo. Not that much about that one either. For gunbot, you are going to be putting out a good bit of cash per month, so that is one for the person that has a good bankroll and in for the long haul, plus someone that is prepared to lose some money before the return. The rest vary so much and I have heard little other than rumors. They go from fully possible scam to bits of code that you could write yourself.
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November 03, 2017, 03:32:55 PM
 #46

Dont use trading bot in crypto. Each order the bot will help you get 5-10% profit, but when the market is dumped and "cut loss" cant process. You loss more than 50% balance. So dont use bot  for trading. Try to learn and trade Cheesy
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November 03, 2017, 03:38:05 PM
 #47

I would go for manual trading than using bots to buy and sell. I cant trust a bot for my money. I know that its designed to follow my instruction when to buy and when to sell but with the current situation of altcoins where red blood is everyone I would rather trade manually and I can sleep tightly and wake up in the morning I still have my coins in my wallet. But, I am also considering getting this Gunbot because of the nice reviews.
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November 05, 2017, 05:25:50 AM
 #48

Yeah, I tried with a bot for a day. I did better on my own. High Frequency Trading doesn't account for the bottom drop since it can happen in seconds and then jump back up. I'm doing it on several positions for the dip and the jump and that has been good for me. I will try to look at a good bot, but I'm worried they are scammers or will hack me.

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November 05, 2017, 07:09:42 AM
 #49

Checkout the "gunbot". That is supported by poloniex. It claims to give good amount of profit while margin trading on its own.
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November 05, 2017, 09:47:38 AM
 #50

I heard not very good news about "gunbot" how you manage to trade in plus with this bot? On all the pairs that I used it, he gave me a minus.
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November 05, 2017, 01:10:51 PM
 #51

if you want to make real profits with manual trading i suggest to use our service cryptopredict.me

https://genialseo.com
Best SEO Services from real experts
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November 05, 2017, 02:32:19 PM
 #52

We have to find bots which use machine learning to be really efficient. I have seen this thread https://steemit.com/bitcoin/@cryptohustlin/a-compilation-of-open-source-trading-software and try some on  paperwork (not real trade).
I have also found the gdax trading toolkit https://coinbase.github.io/gdax-tt/gtt_about.html which seems quite promising but it's just a library, you have to develop a tool in order to use it (there are examples to show you how).
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November 05, 2017, 02:38:41 PM
 #53

Can be used as a good way to learn some techniques.

Determining good entry and exit points. But you should only ever experiment with a small amount of capital to start and see where it takes you.
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November 06, 2017, 11:09:05 PM
 #54

Why should someone offer a bot, if he can use it by himself?
Makes no sense.
Every strategy failed if there are to many people investing in the same direction.
Your best bot is between your ears and calls brain.
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November 07, 2017, 04:14:19 AM
 #55

Before you use Gun gun service.anda can start by reading the official thread of Gun
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November 07, 2017, 04:21:34 AM
 #56

I believe there is a bot called gun bot but that too a very expensive thing to buy.
Also never use personally.
But only use some thing that can be used in bitfinex.
Donot trade on poloniex .They are already prove scammers.
Search reddit for their scams.
https://docs.google.com/spreadsheets/d/1lXwM5umIFponLqU4mY1qT-v3SJFxvAX3HiQNej8gV80/edit#gid=1168532682

I heard many people use that bot and get profit on trading. I dont think it scam bot, but someone selling this bot to scam.

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November 07, 2017, 06:55:03 AM
 #57

Believe me I trieed several commercial bots available here and elsewhere. I quit. I trade manually and make more money.

I agree on you. If the trading bots are working then many people are wealthy now.

But in reality its not. Its only a product. the trading bot might give you some profit  but not forever.

Trading manually is much better.

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November 16, 2017, 11:09:58 AM
 #58

If you have a lot of time to spare, why use a bot to trade, nothing beats manual trading, if you want to stop, if you want to sell you can sell anytime. There are advantages and dis-advantages in using trading bots but if you made a mistake in entering commands, you may end up losing more instead of gaining more money. I think bots are good for those who are busy to monitor and stay in front of the pc to trade.
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November 16, 2017, 11:28:30 AM
 #59

I saw bots in action and they are really annoying when u are just trying to buy a certain coin for a purpose.. if u spot one dont ever trade because you'll be annoyed as well too smh
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