Automated trading

[Findingnemo]

When you are going to begin your crypto trading career you need to work for it,how can you expect the profits comes to your wallet without effort from you.If automated trading is very profitable then everyone should be using it so from that you can understand it is not going to be profitable when you don't have skills related to crypto.

[1715038620]

1715038620

[1715038620]

1715038620

[michellee]

I don't like to do automated trading because I cannot learn something that is happening in the market. I prefer to do manual trading so I can watch, learn, and make my own analysis related to the market. Sometimes, automated trading can help us, especially if the market can run as what we want. But that will not always happen in the cryptocurrency because the market will always move and will be unpredictable, so we need to do manual trading to get the right price to buy and sell.

[LimLims]

I said almost the same thing to another user like you.
Dude seriously you are going to trust your own funds on a robot?
If i was in the place of you,  i wouldn't have done that.
Why you need to choose a software thay help you in trading?
The best thing you can do is trust yourself.
If you follow my advice, then i would say that,  do not try any automated software for trading.
Who knows whenever the bot may face some issues and you may lose your coins.

[Xampeuu]

I don't like to do automated trading because I cannot learn something that is happening in the market. I prefer to do manual trading so I can watch, learn, and make my own analysis related to the market. Sometimes, automated trading can help us, especially if the market can run as what we want. But that will not always happen in the cryptocurrency because the market will always move and will be unpredictable, so we need to do manual trading to get the right price to buy and sell.

many people who trade automatically regret in the end. the market is always dynamic, and not every market character is recorded automatically. so that one day we will experience a painful loss

[rizkyhiw]

It is indeed a very high risk that automatic trading can change by itself, maybe in a system failure, there are good and bad things to use trading bots, but there are still many people who really regret that it is not in line with what is expected, it is better to use thought itself because it is very good to sharpen yourself without having to rely on robots that are not so clear, everyone can make their own analysis, don't be lazy to hone knowledge.

[Daytrader177]

Thank you everyone for providing with opinions! Just as a notice, as I mentioned in previous posts, I also do not prefer automated trading bots that use technical analysis to determine best trading position (long, short, neutral). However, the platforms I am exploring enable user to manually create signals and that is something could be very useful (combining technical indicators, sentiment OHLCV, candles...). In the meantime, I’ve registered and testing both platforms…. I am not saying that this is best way to trade…but it is something in the middle (automated, but I am in control when deploying strategies)

PS. As for tokens risk, … both platforms can be used if you onboard just 1 token (on Kryll you can backtest, and on Dapowerplay you can do both, backtest and forwardtest/paper trade on live orderbooks).

[maldini]

So far what I know is about kryll, then in 2018 this platform held an ICO and was quite successful. You can see it here https://bitcointalk.org/index.php?topic=2791849.0
Yes indeed to run an automatic bot this requires a token, at least you hold the token.

But I do not recommend that you use automated trading bots because in my experience, trading bots are often detrimental because we cannot fully control our trade.

[poodle63]

I don't like to do automated trading because I cannot learn something that is happening in the market. I prefer to do manual trading so I can watch, learn, and make my own analysis related to the market. Sometimes, automated trading can help us, especially if the market can run as what we want. But that will not always happen in the cryptocurrency because the market will always move and will be unpredictable, so we need to do manual trading to get the right price to buy and sell.

many people who trade automatically regret in the end. the market is always dynamic, and not every market character is recorded automatically. so that one day we will experience a painful loss

The only thing making them feel worried with automated trading when the market was turning around into the bearish trend. Automated trading can't anticipate the bearish trend especially when there was a big panic sell happened in the market. that's why we must aware of the fundamental of the market but the fact that all of the altcoin fundamental depends on bitcoin.