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Author Topic: want trade by bot what do you think are you with bots or not  (Read 800 times)
tabtrader159 (OP)
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July 17, 2019, 03:38:57 AM
 #1

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this
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July 17, 2019, 04:02:22 AM
 #2

Not 100% sure what you're trying to say, but using bots can work, if you're already a decent trader in the first place. Hopefully you don't think trading bots as something that you run once and make you money forever, because traders alter their bots A LOT. It just automates some things, but definitely not everything.

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July 17, 2019, 04:28:58 AM
 #3

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

Lol!! Trading bots are not money making machines!! They can't take decisions unless you do!! If you pre build logic within the bot and the market is not in your favor, then you will loose money!

I don't know if we already have a trading bot intelligent enough to take decision based on market dynamics or not, probably a more veteran trader will be able to answer this! But I prefer to use my own brain based on market dynamics and take decisions accordingly!

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July 17, 2019, 06:00:13 AM
 #4

i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

Most bots work like that. You set up an indicator, the logic, and then let the computer do the calculations for you.
It is good for you if you're a day trader, and you can get it for free if you use open-source trading bot like Gekko or Zenbot. But you need to set it up by yourself.

Is it always good to use a bot? Not really.
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July 17, 2019, 08:10:09 AM
 #5

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

That's a terrible strategy. It won't work manually and it won't work with a bot either. The key to trading (manually or with bots/scripts) is employing different strategies for different conditions: uptrends, downtrends, ranging markets, and everything in between. With a bot, that means tweaking the parameters regularly so it can properly repair its positions. It's harder work than most people think.

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July 17, 2019, 10:13:24 AM
 #6

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

I'm not using any bot, but I heard most of the time in trading discussion this bot. In my idea about this, bot will work for you to give profit if you are traders here. But I doubt it is true, because if all bot users get profit in it for sure no one will do trade anymore in the actual platform. In short, its not precise and uniform that will give earnings to any bot users. It can only wreck your capital in the end.
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July 17, 2019, 10:41:51 AM
 #7

Trading bots are useful if you are good at predicting numbers, you should learn when to sell and when to buy.
Trading platforms make it easier for you to work and reduce fears if you can’t control your feelings. "Playing from the safe side."
If you are good at guessing why do not go to Las Vegas and play monopoly game.

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btcholder
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July 17, 2019, 11:33:00 AM
 #8

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

I hard about like this couple of months ago. but i have a question if a bot indicate when market going down and when it's up then don't you think people never don't want learn about trading. Everyone install or buy that bot to trade. I think it's too much risky for sensitive trade like crypto. And it's better to way from that kinda tricks.

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July 17, 2019, 12:42:15 PM
 #9

I do not use bots and have never tried to learn about it. It seems that trading floors create virtual volumes by installing the bot trade into it. It looks better when users know the operation of that platform. Bot is really useful when replacing people working 24/7

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July 17, 2019, 01:22:58 PM
Merited by exstasie (1)
 #10

A bot is a tool, an extension. If you are a good trader, a bot can help you. If you are not, the bot wil wreck you...

Quote
If you automate chaos, you get automated chaos.

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July 17, 2019, 01:31:01 PM
 #11

you must first start learning how to trade on your own.
then you have to trade for a moderate amount of it, I say at least 6 months to 1 year longer if we are in an overall altcoin pumping season up to 2 years.
and you have to have successful results overall during that time.

then after this amount of time and experience, if you felt the need to use a bot then seek out your options but if you are just starting and want to jump in with a bot let me tell you now that you are going to start losing a lot of money soon. bot is not going to perform magic for you if you don't have the experience to ride the market waves.
and things like RSI,... and generally anything TA related is not a predicting machine that you can automate your trades by "linking the bot" to these things!

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July 17, 2019, 02:30:11 PM
 #12

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this
Bot is an automation of your trades which means settings would depend into its user itself.It doesn't mean that it can

give or generate income for you and this had been the wrong mindset for most people specially newbies believing into such things which is
impossible.

You can set all you want but don't expect too much.

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July 17, 2019, 02:53:32 PM
 #13

want trade by bot what do you  think  are you with bots or not

Not necessary or should I say, I'm not comfortable with it.



i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

If your purpose is to do the work for you then it's up to you.

A bot's execution is based on what algorithm you will apply for it. Just don't think of it as a tool to increase your winning rate.


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July 17, 2019, 03:22:35 PM
 #14

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this
It's looks like you are still very new in trading, so instead of trade by yourself you would rather choose trade by bot to make your trading become easier, maybe?
I can't recommend you to trade with bot, since it would cause something bad if you didn't set it by carefully (it could cost you more money)
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July 17, 2019, 06:41:19 PM
 #15

haha it's useless, you just waste time trading with bots. I myself have experience trading with bots and it does not produce anything, there is only a loss. Moreover, your strategy is very common, it's better to use it manually or study trade rather than having to create a bot.

but if you still want to try, you better learn first the trading strategy and make your own best strategy then apply your best strategy to the bot you want to make.

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July 17, 2019, 07:01:07 PM
 #16

want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

I have bots by I seldom used it today but I just prefer to just HODL in the current state of the market. However, it looks like you are a total noob in trading (don't take it personally), so I will advise you against using bot. The main reason is that you need to set certain parameters, which for beginners might be a daunting task. J

ust try and get a feel of trading without using any automated tools first and see how it goes for you. If you have gained some experienced and have the confident they you can slowly implement your trading activity with an trading bot.

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July 17, 2019, 10:41:33 PM
 #17

A bot is a tool, an extension. If you are a good trader, a bot can help you. If you are not, the bot wil wreck you...

^^ Words of wisdom.

I would never recommend bots to people who don't fundamentally understand markets and can't trade them. Bots aren't a solution to being a bad trader. They are for automating trading strategies that are already profitable if employed manually.

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July 17, 2019, 11:49:14 PM
 #18

Most people trading crypto are just better off trading manually at a desk or wherever you trade instead of pouring money into buying a bot subscription and praying that whatever random numbers you add in will be profitable. As others have said here, bots are ideally used for precisely executing a strategy that you've determined to be profitable, and there are times when certain strategies are more useful than another, especially when trends change in a market, so you don't have to manually be at a computer executing the strategy.

There are also ways to backtest strategies so you can optimize a strategy without using your capital (using TradingView), but that still doesn't guarantee a strategy's going to be profitable when you actually feed it to a bot.
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July 17, 2019, 11:55:08 PM
 #19

Using a bot in trading is an advantage to those who doesn't have time to day trade since day trading requires focus. Also its an advantage to those who has little control with their emotions since bots will follow the settings that the bot owner provided. I am using a bot (gunbot) and it works for me since I have a day job and I let it trade for me based on my settings.
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July 18, 2019, 03:40:46 AM
 #20

When you have intention to trading then you have to know about the strategy of trading itself. You have to know the technikal analyst also fundamental analyst which can have a big effect on price movements and if you master both of these factors well you don't need other tools such as trading bots to get profit.

I doubt trading bots mechine will give you a more comfortable to gain profit. Because it is a useless thing, you have an ability to make money by trading. And yoy should know most professional trader out there never use trading bot when they start to trade. They only use two factors that I was mentioned above, so it will be good for you to know these factors.

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