Can you actually profit from bot trading?

[Sebas.tian]

I'm planning to trade crypto by using bot while I work. I'm curious if it could be done in a way that you profit with minimal intervention to the bot? For the mean time, I'm studying TA and other fundamentals regarding to trading.

[mk4]

Of course A lot of good traders are taking advantage of bots. Profiting using bots is not how most people think. Most people think good trading bots are just bots that you press start once, and it'll pretty much make you money as long as it's on. Well, that's not the case. Traders frequently update the sort of "pattern detection"(for a lack of a better work).

As for leaving trading bots running with minimal intervention, it probably can work. Again, it depends on how you set up your bot.

[elda34b]

Start your algorithmic trading journey from open source bots like Zenbot, or Gekko. You'll see that bot is just a tool to automate your trading strategy. You outline the strategy, and then you start the bot. Imagine it as a machine that does anything you told them to. So, as mjglqw said, as long as your strategy is right, then you'll get profits.

I do make some profits with Zenbot previously, but I stopped using it as I'm not that suitable for trading with a bot.

[Ucy]

Never used it before but I heard it works. I had a free one I was studying some months ago but forgot to complete. .
I heard the bots are not totally automated . you will have to intervene once in a while for things to work well.

[GreatArkansas]

Can you tell more about the bot will you use? Like what are the special features on it since there are a lot of trading bots nowadays, just be sure you configure well the bot you will use.
Bot trading is profitable? YES. Especially if you have huge trading funds, I know some people using it but some of them are also losing money some are winning, no 100% trades even you use trading bots.

[Kemarit]

The question is, are you ready to trade using bot? What are you're experience trading without it? I asked this because for me, if you are a newbie or at least doesn't have that enough knowledge on manual trading, then bot will be useless. Because there's a lot of parameters that you need to set up with those bots, and perhaps you are not very familiar with it. And that alone might be one reason that it will be hard to make profits using those trading bot. So it might not be suitable for everyone, just saying.

So if I'm in your shoes, just continue to study about TA first before you get your hands on this bot/app.

[Evgenklm]

I would not advise, there are different bots, do not bring profit, and in minus trade, for the bot you need to pay a normal amount every month, the API can hack , a lot of risks are obtained, I would not trust a large amount to trade the program.

[Lakai01]

Of course you can, but don't image big gains, all the bot does is automating YOUR trading strategy. If this strategy sucks, your bot sucks, too

I had a Gekko bot running during the first bull run in 2017. I tried a lot of different strategies for about 6 month. The outcome was about 0.005 BTC win by 0.1 BTC waggered. Not that big, would have I hodled the coins the profit would have been way higher. I am also not sure if any of my strategies would have worked in a bear market.

[Caladonian]

I'm planning to trade crypto by using bot while I work. I'm curious if it could be done in a way that you profit with minimal intervention to the bot? For the mean time, I'm studying TA and other fundamentals regarding to trading.

Everything is possible inside this crypto market, bot can be an edge if you do have basic ideas on how things works around this industry, you can set your bot in a proper position if you have that basic knowledge on how the trend will bring you good position.

Try to workout more with all the ideas that you need, in order to maximize everything you have to study deeper.

[armarsterling7]

I'm planning to trade crypto by using bot while I work. I'm curious if it could be done in a way that you profit with minimal intervention to the bot? For the mean time, I'm studying TA and other fundamentals regarding to trading.

I don't think Bot can help us make a lot of profit. because it is only a Bot and it is pre-programmed, and our crypto market always changes with the date. Every day, the market changes in a different way. therefore, we cannot rely on Bot and make money from it.
We have to change our strategy every day. therefore, I do not appreciate the transaction with Bot.

[Astvile]

Ive never work with an trading bot,I know some friends of mine are actually using this kind of bot to gain profit most of them says it works but few said no,Ive read that trading bot doest not work on its own when run.Somehow it still needs a human to set/tweak the bot for it to work.But if you think bots makes lot tons of money youre wrong,yeah they do profit but not as big as an expert in trading makes in a day/week/months

[xvids]

Never tried it but base on the people around it seem's to be good and profitable,
Because it wouldn't run long or the bot's wouldn't be famous if they would just make you lose some money ,
But for me it is better to rely on your own skill rather than depending too much on the bots.

[Indrawan77]

I had try one of the bot that I found, the setting is the key to make profit but its not that simple to set and unfortunately I am losing money, some people claim that they are making money, but through serial of testing, my advice is better to used your own skill, if bot is easy and profitable, nobody will trade by themselves anymore

[el kaka22]

I'm planning to trade crypto by using bot while I work. I'm curious if it could be done in a way that you profit with minimal intervention to the bot? For the mean time, I'm studying TA and other fundamentals regarding to trading.

You can, it just depends on the bot itself and how you use it. There are plenty of trading bots where it works great when the price is going up but works horribly when price goes down. The idea of a trading bot is buying and selling, stopping is never in any of the bots, since markets are sometimes in bear run that means it will still continue to buy coins because it can't stop but during the bear market that will lose you money.

Of course you can get a bot and hit big on bull run, for example get a bot in the past 2 months do a USDT-BTC pair and you would be making a killing however as soon as it starts to drop you are going to lose those profits. Now the new big deal is arbitrage bots because doesn't matter if it goes down or up the arbitrage is always there in any market.

[radjie]

The question is, are you ready to trade using bot? What are you're experience trading without it? I asked this because for me, if you are a newbie or at least doesn't have that enough knowledge on manual trading, then bot will be useless. Because there's a lot of parameters that you need to set up with those bots, and perhaps you are not very familiar with it. And that alone might be one reason that it will be hard to make profits using those trading bot. So it might not be suitable for everyone, just saying.

So if I'm in your shoes, just continue to study about TA first before you get your hands on this bot/app.

yes I agree with you, you must hone the ability to trade manually first before deciding to trade using a bot, because trading using bots is not all automatic and can be abandoned.before all that can be done, of course he must arrange it in advance so that it can provide many benefits that can be obtained

[KlepZ]

Yes they can do but only if you know how to use them. They are not for beginners by any stretch of the imagination, but if you have the time and patience to learn you can earn far more money than just by trying to trade yourself.

[Lan75]

You can earn profit through bot trading but not much and also you have to buy them so i think it is just a break even on some instances. This is not from my experience, it's from a close friend of mine.

[leowonderful]

Bots are great if you've devised a trading plan and you want something to automate that trading plan in order to make a profit, but otherwise they can be somewhat tricky to use initially despite many bots being advertised as simple to configurate. You should also obviously have at least some basic knowledge of trading before you purchase a bot license or anything like that. You'll need this to define how the bot will trade for you.

You definitely can make a profit from bot trading, but I would say it's not for everybody. I've always been more a fan of manually trading at my desk, so I do not trade with bots often, but they do work in some situations.

[Findingnemo]

If you re just going to begin your crypto trading thn bot trading might not suitable for you.Myself never used bot because it will cost us and also less profits compared to trading by us so learn trading slowly and understand the market but bot trading is not much bad idea though.

[michellee]

We can make a profit from bot trading, but that is only if we know how to use the bot. I think if we read the manuals about how to running the bot, we can make a good setting for the bot so the bot will see a chance to buy and sell. But as the market is unpredicted, we need to be careful about setting the bot because we don't know how good the market will moves.