Do crypto trading bots really generate profits?

[Kanda Yu]

It really depends on how the traders are building strategies while trading. It depends on the taste of  trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

Personally, I heard a lot of bad comments about the trading bot, they all have a negative connotation on it but for my own understanding bots are meant to automated our trade since we cannot manage it all the time. So basically, trading bots are will only generate depending on how will you set it into your ideal strategies. Now regarding on Smartbotcoin, compared to other trading bots I've seen this one is more interesting due to the fact you can link all of your exchanges present in the platform.

[Google+]

so far I have not traded using bots because it will only make assets that I have at high risk because the security of bots is not guaranteed, but I see some people dare to use bots and get a lot of benefits, but I still will not use bots to trade prefer manually.

[Mehr Sher]

I don’t really prefer trading with bots at all. I feel it’s much better and beneficial to go for manual approach. However, if you are really determined I will say be very selective with Crypto Trading Bots, as majority are not good enough to use. I prefer going for my own way of trading. As I feel eventually if you are to get real kind of success, it has to be through manual trading only. You can gain temporary via bots, but not permanently.

[Msworld83]

There is noting that has advantage that doesn't have disadvantage most especially the not of a thing that anything could happen when using them but the major aspect of using them is to maintain a particular profit which can also turn around to be lost , so I still kind of prefer stop limit than the not .

[rdewilde]

Well yes,  bot helps traders to make profit but it depends on the type and features it has. There are many bot that can't be used efficiently and will only end up giving losses instead of profits. Like the one you mentioned, I will check it out and know more. Thanks for sharing though.

[ali115112]

As you can see crypto bots working almost in every exchange except for some big exchanges so you can get profit but not 100% from crypto bots.

[klaaas]

How profitable bot depends on the user itself because that used the input that already made by the users.
The users must use the technical analysis to determine the possibility of where will be the market direction.
This is the difficult part when you are using trading bot.

The tool the op mentioned is more then a trade bot alone. It is a service to manage and control your coins on a exchange with the option to use it as a automated/manual bot. The problem here is the middleman, open source would make this great.

[ethereumhunter]

As long as the owner of the bots makes the right setting for the bot, I think the bots can generate profits. But if the owner is confused with the market situations, that will prevent the bots from making a profit. Everything needs to be set up before the bots can run properly, and it's not easy to set it while we don't know what is going on in the market. I still prefer to use manual trading because that will help us to improve our skills so we can face any situations that might occur in the market.

[mirgo1791]

with use of work on customs of past terms of entrance with evaluation trader gives of reference on defining limit on exchange as expecting use of offers on commitment as attaining table of market with the bitcoin field of business of the finance.

[dark08]

It really depends on how the traders are building strategies while trading. It depends on the taste of  trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

Even a trading bots need a good set to make profit because in crypro trading you need tobe familiar in the flow of the market if you want to gain profit usinga trading bots is good if you know how to set a good strategy.

[barlo357]

It definitely looks good since it has a leaderboard in where we can copy the successful ones which can help us that are still noobies in trading. It's still a bit new but worth giving a try.

I can vouch on this. Especially if you're a person who really can't trust his instincts when it comes to investments. If this kind of thing continues to develop, the risks will continue to be lessened as well. Though for newbies, I would still recommend them to do their own research and still ask for advice.

[BlacksmithCorporation]

It really depends on how the traders are building strategies while trading. It depends on the taste of  trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

Hi scottii, thanks for your great question. I think bot trade will help us a lot on trading. When we normally trade, we will be more prone to psychology and cut the profit / loss soon and not earn profit. So bot can help us to control it, and finish our target.

But before you using any bot, you need to check if that bot working good, and it not scam like request you to give it Withdraw API. Trading bot is good, but not all of them. If you need a good trading bot in Binance and Huobi, I suggest Coinmatic.

[H1N1]

Yes they does generates profit. When there is a good order in order book, bot will quickly fill it.
We will difficult to beat the bot when it come to speed. But sometime the trading bot can be overcome using pump and dump method.

[Motorista]

It really depends on how the traders are building strategies while trading. It depends on the taste of  trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

I heard a lot of news about using trading bots is not a good way to start a trade, but i think using a trading bot can still be useful for some traders who can't manage most of their trades that they need it automatically, that is why using SmartBotCoin is very convenient to use and a trusted one.

[Doranile432]

It really depends on how the trading bot was built because you cant trust all trading bot,some are worse and some are fair but dont rwl on bots unless you know how the works

[kiyoxclr]

It really depends on how the traders are building strategies while trading. It depends on the taste of  trader whether they are technical traders or fundamental and according to my experience if a bot or tool says that they can outperform the market, you need to stay away from that. No one can outperform the market in the long term, and yes trading tools can help build strategies to make informed decisions. Recently one of my friends suggested a trading tool named SmartBotCoin.

I haven't used this tool and am not familiar with this so I researched and found the features on their website look good. But as a trader, my main focus is to maximize my trading portfolio so I usually like to be sure before using a product/service. Crypto is a once in a lifetime opportunity so I am very cautious before using any product/service that is related to trading/investments. Do you think it's worth trading on this tool?

Well, having this kind of trading bot will totally help us to manage our losses and portfolio and trading bot is very helpful in doing trading just like all you need to do is copy someone's trade and afterwards once they earn profit from the trade you can earn as well. Maybe I will try this kind of trading bot and it seems totally worth it to use.

[smartbotcoin]

It really depends on how the trading bot was built because you cant trust all trading bot,some are worse and some are fair but dont rwl on bots unless you know how the works

Hi Doranile432, that is the reason we have a manual trading terminal as well. Not all traders like to use bots as they are machines and cannot fully understand a trader's trading philosophy.

[smartbotcoin]

so far I have not traded using bots because it will only make assets that I have at high risk because the security of bots is not guaranteed, but I see some people dare to use bots and get a lot of benefits, but I still will not use bots to trade prefer manually.

Hi Google+, that is the reason we have a manual trading terminal as well. Not all traders like to use bots as they are machines and cannot fully understand a trader's trading philosophy.
To get a better understanding of how you can leverage the automated bots (buy low/sell high and rebalacing together) you can try out our backtesting tool - https://app.smartbotcoin.io/#/backtest

[alexnambawan]

Many of us are looking for some tool that can help us as a trader and smartbotcoin is the answer its amazing because it can help us to build great strategies.

[mirgo1791]

work with terms of evaluation to shows of chance on trader to gives with one on reference as expending of limit on funds and more with use of times and resource to commit on plan as collecting numbers with returns on completion.