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Author Topic: Trading bitcoin is for bots  (Read 51 times)
pacman7331
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April 14, 2018, 11:17:29 AM
 #1

I think trading bitcoin requires scripting and programming, unless you are a very well experienced and knowledgeable trader with a degree in trading.

My strategy:

I was looking to go long or short after a sudden rise or fall in prices, any scripts for this? Like if it goes up/down 300$ and doesn't fluctuate, or only does so for less than 1 second then go long or short? Seems a pretty simple algorithm to do but i'm no programmer.

If ChangePrice >350 / 3 seconds
Then Long or short

Super simple probably not far from the mark of the actual algorithm.

A computer could do this easily, and probably win you bacon a whole lot easier than me staring at the charts all day trying to predict the future would. I also know that the successful traders already are doing this strategy because it's pretty obvious.

So I'm on an Apple Computer and I want a trading bot which can allow me to do this sort of thing. And yea I think everyone else should do this too. In fact every exchange account should come with this auto-enabled.  Cheesy

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April 14, 2018, 01:30:09 PM
 #2

Trading is for people, trading is for people with the proper mindset.

Every bot strategy eventually is going to broke you. Otherwise we all would use bots and be very rich.
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April 14, 2018, 02:10:43 PM
 #3

Well trading bitcoin is of course for people not for bots, and yes if bots it's easy nothing to worry about but the experience behind trading is very fun and i really like trading bitcoin.
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April 14, 2018, 02:34:59 PM
 #4

There are some pros and cons in using trading bots.Even if trading bots are used,they have to be checked manually at regular intervals.If there is a power failure or internet failure,then it won't work.

But they have the capacity of performing buy and sell orders in very high speed and accuracy which seems to be hard for people manually.
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April 14, 2018, 03:03:54 PM
 #5

There are some pros and cons in using trading bots.Even if trading bots are used,they have to be checked manually at regular intervals.If there is a power failure or internet failure,then it won't work.

But they have the capacity of performing buy and sell orders in very high speed and accuracy which seems to be hard for people manually.
Bots have limits you can't rely on them too much with you money at stake there could be hidden problems, errors that could put your money in danger than at trading with yourself. We do things manually on getting our moneys in check the title of the OP is definitely wrong he didn't even know how to put a signature banner and still talking about bots. He/she rely on bots too much i hope the OP get broke so he would shut the hell up yapping wasteful ideas.

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April 14, 2018, 03:20:03 PM
 #6

It's not a guarantee that the trading bot will make you rich or 'win you bacon a whole ' as you have stated or may have thought. If every trading bots can make you that rich, then, every bitcoin traders will be making theirs and becoming filthy rich!  Even having a trading bots will still require your manual functioning cause there are times  when there is a certain pump and you might not want to sell immediately but a few more.
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April 14, 2018, 03:51:48 PM
 #7

Trading is for people, trading is for people with the proper mindset.

Every bot strategy eventually is going to broke you. Otherwise we all would use bots and be very rich.

It depends. Using trading bots CAN work if the person knows what he's/she's doing. People just think that using trading bots is as easy as running the bot and just wait for it to generate money. Nope. It's going to need a lot of frequent modifications. And just like with normal non-bot trading, there will always be days where you lose money.

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April 14, 2018, 04:17:12 PM
 #8

Just get yourself the Gunbot. Thats the best available bot on the market and created by one of the forum member here. Its highly trusted and works best on the poloniex. I have not used it but I am telling this surely after reading the comments on the same thread where the info for the same bot was published.

Also, sometimes it is always great to trade by all yourself because bots are limited with their scripts and they cant really think anything. They have set of values which they keep changing according to the market and make the trades. However, with your own trading technique you can also earn pretty good profits if played properly. I mean just saying that! Wink







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buwaytress
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April 14, 2018, 04:17:58 PM
 #9

I think traders can roundly agree that bots are very good for automating strategies that you as a trader must manually build. That's all bots are good for. That's no guarantee of profit, since strategies work... until they don't. All the trading bot scams that litter the internet are proof of this.

Some say AI and NLP now are the answer. There are scores of blockchain projects focusing on this alone. What can I say? They also work, until they don't. The fact is, the market cannot be gamed if you can't exert any influence over it. Whales are probably the only traders that can somewhat move things in their preferred direction but even they cannot control how the market reacts.

The sooner you accept the facts, the better for yourself. Expect facilitation of your strategy and nothing else, and you'll do fine with bots.

pacman7331
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April 15, 2018, 08:54:17 AM
 #10

There are some pros and cons in using trading bots.Even if trading bots are used,they have to be checked manually at regular intervals.If there is a power failure or internet failure,then it won't work.

But they have the capacity of performing buy and sell orders in very high speed and accuracy which seems to be hard for people manually.
Bots have limits you can't rely on them too much with you money at stake there could be hidden problems, errors that could put your money in danger than at trading with yourself. We do things manually on getting our moneys in check the title of the OP is definitely wrong he didn't even know how to put a signature banner and still talking about bots. He/she rely on bots too much i hope the OP get broke so he would shut the hell up yapping wasteful ideas.

U wanna make it personal? I hope I meet you personally and teach you some manners u little shit.

pacman7331
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April 15, 2018, 09:02:51 AM
 #11

Just get yourself the Gunbot. Thats the best available bot on the market and created by one of the forum member here. Its highly trusted and works best on the poloniex. I have not used it but I am telling this surely after reading the comments on the same thread where the info for the same bot was published.

Also, sometimes it is always great to trade by all yourself because bots are limited with their scripts and they cant really think anything. They have set of values which they keep changing according to the market and make the trades. However, with your own trading technique you can also earn pretty good profits if played properly. I mean just saying that! Wink

I'm not going to buy the software until I know it works, and not only works but does what I want it to, and works with me. If they had a demo version I could test run, and I see it's results are good then i'd pay for it.

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