What do you think about trading bots?

[fempat]

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money. I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

[bitChipper]

Yes they can be profitable but you really have to understand how to set them up in the first place. You will have to understand the indicators you are telling the bot to trade on, and in most cases the bot will not be profitable in the short term.

Trading in crypto is really difficult and requires a lot of patience and discipline.

To start I would recommend looking into gunbot or maybe hassonline, just make sure you fully understand everything about the bot you choose to use before buying.

Good luck

[PrestonTrader]

If robots exist for a long time on Forex, then, of course, there is a crypto currency. Good idea, I will also look for and test

[trumper]

If I would have no knowledge of how they really work I would not use them, you can make profit with trading bots but I think one should understand the bot he use to make profit.

[Xxxurrrad]

A friend of mine recently tried to trade using trading bots. Yes, it is very convenient and you only need to configure once, but he said that they are not always effective, it depends on the current situation in the market.

[ayo_deji1]

I think they are also profitable, but I think some of them are scams. I do not really know much about it as I can't even try them. Just try understand how it works. It's practically not for novices.

[FrueGreads]

I do believe that there are a lot of bots already working on exchanges, because you can actually see some patterns on the books that look like bots working, because of the consistent and timed way they place and cancel orders.

I never tried bots, but I guess that you will need to have a deep knowledge about trading in order to be able to set it up and create a strategy for it. The bot is just that, a way to automatize your strategy, so if you don't know how to trade, I don't think that getting a bot will do you any good.

Yes you can say that maybe those bots will already come with a profitable strategy, but I don't really believe in that. I mean, why would they sell it to you in the first place.

[fempat]

Are you saying that bots are profitable as long as you have your own strategies? I've seen many bots offering 'effective strategies that are tested and true'. What's your say on this?

[Ivandvanko]

I thought a lot about trading bots.  my friend is now looking for a good option, because he understands them more than I do.  I've heard good and bad reviews about them, but until I test it myself I can not say with certainty whether it's profitable or not.  if you are willing to take a risk, then go ahead.

[Melnikof]

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money. I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

I know it's cool, especially if you have technical intelligence and can use 100% of them. I tried, but I lack skills + I'm afraid of mistakes and loss of all my money!

[Milla Kross]

I think they have their own troubles, for example, many bots require investments: a one-time purchase of the program, a monthly subscription, the return of funds to the circulation at interest or the actually written bot for the cost of your time.

[dammy1988]

I don't really believe in bot like most traders do because bot can make you huge gain and throw all the money away given you loss at some time when bitcoin growth is high or too low . But I think a human being understanding how the market works knowing when to invest and when not also when to cash out and when not to cash out. The only thing I see bot doing better is no emotion, no greediness and all that I want to by Ferrari which can ma he your $1000 that already give you $10000 but you thinking big it turn to $300 again . That's the only area I give it to but but if a trader can be emotionless and trade with caution he can do better

[Nisharawal]

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money. I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

Trading bots right now i didn't see any good bots which is capable of performing tasks with higher accuracy and this is the reason i don't rely fully on the bots. I use indicators and some EA which helps me in making prediction through technical analysis. There are only few software something like Cryptosuite which is performing good in the crypto trading industry because cryptosuite is a arbitrage trading bot or software by which we can easily sell our cryptocurrency within a few minutes of time.

[camillesalazar00]

They can work ok, especially for scalping. Obviously any that I've seen work on a pre set criteria though, so you normally need a successful system first.

[TheHas]

I'd imagine they could be profitable. Alot of the regular financial market does automated trades. Given how unpredictable crypto is, I feel like the risk would be greater. 

It could be that it is profitable on most days but when something unexpected happens, your profits get wiped as the bot responds incorrectly. It could be worth trying it out for a month and see how it goes. I'd be interested in seeing your results

[WalkerIVIV]

I'd imagine they could be profitable. Alot of the regular financial market does automated trades. Given how unpredictable crypto is, I feel like the risk would be greater. 

It could be that it is profitable on most days but when something unexpected happens, your profits get wiped as the bot responds incorrectly. It could be worth trying it out for a month and see how it goes. I'd be interested in seeing your results

Have you seen the binance hacked case? It's started from those are using automated 3rd party software just like trading bots. Because the creater can give any backdoor to the bots and it can be used to stole all of your funds. It's too risky in my opinion. Everyone should avoid to use 3rd party software.

[success65]

I have not tried, and I can not say the exact opinion, I also tried to trade myself . and it didn't work , and understood. not mine .now others are doing . what is more interesting to me  ,

[limtjoehua]

okay if the trading bot is always profitable, but we will be addicted and always want an easy or instant, without working. so when can we be smart and independent? I think if we are lazy then until whenever we also will not be able to solve a problem.

[Victorheywhy]

Trading could really be profitable, but I do not deal with that as I do not really know much about it. But, I would suggest you have the full understanding on how it works, so as to be on a safer side. But, as for me, I haven't tried it and I won't say what I really know nothing about. But, I think it's more profitable in a long-term trade.

[BTCLovingDude]

I have been trying to learn how to trade for some months now, but somehow I make wrong decisions along the way which makes mW to lose money.

this means that you must stay away from all bots because your problem is not with not-having a bot. your problem is that you are not good at trading and if you start using a bot you will just confuse yourself even more and you may even lose a lot more money since you still don't know what you are doing.

first you should learn how to trade and be successful in it for a while then think about bots.

I've recently been thinking of trading bots. I saw Dropil's trading platform and its AI not. Today, I saw Cryptics AI platform for trading bots. What do you think about these platforms and others like it? Does anyone have experience with them? Would you recommend using them?

i haven't checked it out completely but from my initial glance and seeing them all i see is hot air instead of anything proper. and they just call it "AI" where in reality it is the same script as any other bot uses. there is no Intelligence!