Bots, AI Bots or signals?

[Slow death]

Do you have some good experience with some bots?

Nope

Could you kindly recommend me some?

here at bitcointalk there are some, but you should ask yourself:

if the bots are very good, why would bot creators sell their bots?

Are there some fully automatic trading bots that are trading and earning without any knowledge?

I do not see people posting their profits from trade made by their bots, so it's very hard to know, but I've seen a lot of people complaining about bots

And what about signals?

do not believe it, this would be a big mistake and waste of time and money

I thought someone here, who is selling signals from 400 channels.

do not buy

learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading. 

Dude, practice with small amounts and watch videos on youtube about trade

[exstasie]

Okay, okay guys  . It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading. 

The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition.

[samycoin]

Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.

I think using bots is not easy because some not know how to do that and I think few people know how the strategy of a bot to trade. Much better that you are the one who will trade not a bot because I think it may bring you to a big lose.

[cryptoblackhat]

... I have heard that you have to learn about 3-4 years before you start trading. 

That's right. Sorry to say, but there is no "get rich quick" solution with cryptocurrencies.

Yes, it's possible to make a profit by trading. But just like in the regulated world of fiat currencies and stock exchanges, the people who make profit are those who put in the time and effort to become professional at it. You can't expect that there will be some magic bot or signal that gives you unlimited profit guarantees.

Having said that, I would concur with what many people have said here, and recommend that you start manual trading before using bots. If you're really interested in learning how to make a profit through trading, you need experience that you'll only get by manual trading while studying the advice of others. After doing this for long enough, you'll develop some expertise that you can then apply to finding the right bots or signals that assist your own trading strategy.

Good luck with it!

[MikeyVeez]

Okay, okay guys  . It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading. 

The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition.

Yeah, but I still do not understand why there is no bot, which is able do these things: candlestick analysis, chart patterns, trend trading and breakout trading?
Because these things are the real signals, right? But why there is a problem with creating a bot which will recognize these signals for us?

[exstasie]

The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition.

Yeah, but I still do not understand why there is no bot, which is able do these things: candlestick analysis, chart patterns, trend trading and breakout trading?
Because these things are the real signals, right? But why there is a problem with creating a bot which will recognize these signals for us?

It is possible, and there are plenty of bots that do this. They can definitely be used to implement candlestick and indicator strategies. But this does you no good if you don't understand how to build a profitable strategy yourself.

If you just run the default strategies, they usually won't be profitable because if everyone is running the same bot parameters, they cannibalize each other and lose their edge over the market. This is one reason why bots in "paper trading" mode can look profitable, but in "real trading" mode will lose money. In "real trading" mode your bot has to fight the market for limited liquidity. I also find that successfully using TA has a significant visual element. It requires a trader to recognize confluences of different factors. I find this extremely difficult to translate purely into numbers and code.

If you're really interested in bots, there's a decent overview of available crypto-trading bots here. But I would really stress the importance of learning technical/price analysis before using a bot. Bots are for advanced traders, not inexperienced traders looking for passive income.

[MikeyVeez]

The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition.

Yeah, but I still do not understand why there is no bot, which is able do these things: candlestick analysis, chart patterns, trend trading and breakout trading?
Because these things are the real signals, right? But why there is a problem with creating a bot which will recognize these signals for us?

It is possible, and there are plenty of bots that do this. They can definitely be used to implement candlestick and indicator strategies. But this does you no good if you don't understand how to build a profitable strategy yourself.

If you just run the default strategies, they usually won't be profitable because if everyone is running the same bot parameters, they cannibalize each other and lose their edge over the market. This is one reason why bots in "paper trading" mode can look profitable, but in "real trading" mode will lose money. In "real trading" mode your bot has to fight the market for limited liquidity. I also find that successfully using TA has a significant visual element. It requires a trader to recognize confluences of different factors. I find this extremely difficult to translate purely into numbers and code.

If you're really interested in bots, there's a decent overview of available crypto-trading bots here. But I would really stress the importance of learning technical/price analysis before using a bot. Bots are for advanced traders, not inexperienced traders looking for passive income.

Okay, thank you very much, I will take a look on your overview.
I am going to start learning about the trading. Do you think that there is any diffrence between classic forex trading and crypto trading (if you consider strategies)? Because crypto market is more volatile right?

[fourtimesprofit]

i would suggest u to learn cryptocurrencies trading and then start learning to trade on youtube and trade never fall in signals and bots u may lose ur crypto trading account forever

[miyaka26]

If you know some Python programming I'd suggest you to make your own so even if you will fail with it at least you will teach something . I won't recommend you to put money in a bot that you don't know how it works

the Op will still need to learn how the crypto trading works to code properly you cannot write any program without the basic knowledge of the desired output, for Bots Op whether it is a paid or free version always be wary from viruses inside their programs, some of them might be infested with it some of them might not be working properly for a certain exchange or you need to calibrate the program a bit to work and see some good results that will force you to study the interface.

[exstasie]

Okay, thank you very much, I will take a look on your overview.
I am going to start learning about the trading. Do you think that there is any diffrence between classic forex trading and crypto trading (if you consider strategies)? Because crypto market is more volatile right?

There's no major difference between crypto trading and forex trading. In an absolute sense, forex is definitely less volatile, but forex traders account for this by using increased leverage. In terms of price action and TA, they are very much the same. That's because price action in all markets is determined by market psychology and supply/demand. There's nothing that makes crypto markets fundamentally different from other markets. Most of the tutorials I read early on were focused on trading stocks or forex.

[Karlinz]

Personally I do not always subscribe anything that appears as the easy way out or lazy approach, it maybe be working for some but I have not often been successful with such. Whenever I hear bots, I imagine it to to a remote control that can run out of battery anytime, have tried following some signal channels too but noticed some of those signal channels do not even trade those signals the throw. Made quite some losses with them also. In all, it is always better to learn and do it yourself. It is the hard way to go but pays better at last

[Denies]

Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.

You can't do that without the knowledge and insight in crypto trading,
it's not like when you trade in forex or something. in essence, knowledge, experience and analysts are a must that traders have.

[herurist]

Hello, I would like to start trading, I am not expert, so maybe the best what I can do is to buy bots which will trade for me.
Do you have some good experience with some bots? Could you kindly recommend me some? Are there some fully automatic trading bots that are trading and earning without any knowledge?
And what about signals? I thought someone here, who is selling signals from 400 channels.
Thank you for your help, I will be your referral if you give me a great tip.

My advice is leave bot, never use it. This time, we know many bots already release with " magic " software/ tools to make profit but only for beginning. By the time you'll realize your asset already dump into the bottom. Market is not mathematics ( theory ) but also include psychology that bot doesn't have. You need to practice with disciplines not bots. 

[ardaclown]

Okay, okay guys  . It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading. 

For me 3-4 years is just for day trading. For doing long term trading I need couple months of failing learning will really improve your decisions. After 6 months of trading I think you will be kind of a trader. You won‘t make the most amazing decisions and catch everything but I think you will learn what to look for and what not.

[Indrawan77]

The best one of course is trade and learn by yourself, if you just beginner dont try bots, because it's a bit hard to set the bot, signal group is recommended for beginner as a reference to learn, so you can learn from signal group the indicators that they used and what is the reason behind their speculation, but in the end you need to do the trading by yourself

[Michaelsch]

Now I use the TradeSanta bot and it's ok to use.. I think that trading bots should be new boom of the market.

[sheenshane]

Now I use the TradeSanta bot and it's ok to use.. I think that trading bots should be new boom of the market.

Are you sure about this? Why bots sell their bot then they know how to analyze the market, then, if they know they were focused on trading, not convincing weak people who have to get fool into their bots group. You may use trading signals as your reference on your research but don't rely on them, probably they had a delayed broadcast that might be putting your fund on risk situation.

[BitHodler]

The best one of course is trade and learn by yourself, if you just beginner dont try bots, because it's a bit hard to set the bot, signal group is recommended for beginner as a reference to learn, so you can learn from signal group the indicators that they used and what is the reason behind their speculation, but in the end you need to do the trading by yourself

What you say doesn't make much sense at all. Why should a beginner pay attention to what's being recommended by others? How is a beginner going to seperate rubbish from actual worthwhile data that can be put to action?

That to me sounds like straight gambling. In that sense people just as easily can blindly buy at any price hoping to sell higher. In both cases you don't know what's going to happen, you'll either win or lose.

There is no point in forcing yourself to do something you aren't made for nor will ever understand. People wouldn't have to lose money if they flat out admit that they have no clue about what they are doing here and stop trying to trade.

Buy whatever coin you believe in and hodl it. It's not going to get much safer than that here.

[Casabrandy]

Now I use the TradeSanta bot and it's ok to use.. I think that trading bots should be new boom of the market.

Are you sure about this? Why bots sell their bot then they know how to analyze the market, then, if they know they were focused on trading, not convincing weak people who have to get fool into their bots group. You may use trading signals as your reference on your research but don't rely on them, probably they had a delayed broadcast that might be putting your fund on risk situation.

Bots are used for information, we can still verify it through signals as well as watching the prices at coinmarketcap. Bots might not be that accurate but still gives a much faster and decent result.

[yugyug]

Bots, AI and trading signals are some of the tools which make your trading activities more convenient and a lot more easier but it is your instinct, intuition,judgement and wisdom will decide of what's the best crypto for you. The best advise is do some research in each crypto like reading whitepaper,marketing team, dev team and their products or service and this will able you to choose the good trading strategies.