best trading bot 2019

[Bipoon]

That's true. I've seen implementation of AI/Neural networks /machine learning trading bots. The only problem is that, the current bot providers don't update their data/training models  and at such, these bots become sub-par and limited, most times leading to more losses than gains since the mark3is continously changing.  AI based bots would be a success but most are poorly maintained at the moment.

I think this problem could be solved by putting learning mechanics on the users' side so they can run re-learning process of their Neural Network-based algorithms. This is how we've solved this issue so far.

[nelson4lov]

That's true. I've seen implementation of AI/Neural networks /machine learning trading bots. The only problem is that, the current bot providers don't update their data/training models  and at such, these bots become sub-par and limited, most times leading to more losses than gains since the mark3is continously changing.  AI based bots would be a success but most are poorly maintained at the moment.

I think this problem could be solved by putting learning mechanics on the users' side so they can run re-learning process of their Neural Network-based algorithms. This is how we've solved this issue so far.

If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms?  I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.

[Bipoon]

If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms?  I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.

No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.

[adaseb]

I've tried various trading bots for stocks and forex back in the day. They were all optimized and backtested and basically they all eventually failed. Many reasons for this.

One reason is that a bot usually works best in a ranging or trending market. So a bot might of worked in 2017 during a bull market but would of not worked so well in 2018 when it traded sideways for many months, same with the first 3 months of 2019. So you won't know in advance what kind of market we are in, whether trending or ranging. If you did you wouldn't need a bot pretty much.

Another reason is that in backtesting you never get slippage. Slippage is very bad in crypto markets due to thin order books, so you might get into a trade way too late or exit way too late. So it might look like a good trade on paper but in real life might look like a loser. You can't backtest real-time markets only forward test them.

Last reason is that if a bot becomes too profitable then too many people will use it and it won't work anymore. This happened to a popular scalping bot back in forex about 5 years ago, basically the brokers knew people used this bot and just traded against them and trapped the bot traders and caused huge losses. Hence if it works, it will work temporarily before too many people use it and it won't work anymore. So basically if you design a bot that works, don't sell it to everybody and just use it yourself.

[novaprime]

The bot that you use will not bring real trading profits, but whatever you do trading by the bot is not optimal, I believe that trading with your own hands and doing new things to know that trading requires good skills, not relying on automated bots.
You simply analyze and and see the market movements that occur and that is enough for your trade.

You're right. Trading manually is a lot better as it will be based on the knowledge you have learned from this market and you will know how to manage your assets if a bad case happens. One way or another, the risk from trading with a BOT will be much higher and it may not always be possible to make good money because I have seen many cases of losses when BOT had problems.

[Not_A_Rocket_Scientist]

I am testing the Bitsgap trading bot for the last 5 months. You can read more about my results here: https://tradingbot.info/category/results/

P.S. I am also willing to launch another bot for the transparent testing, so if you want me to test any service, just leave me a message here.

[pajak666]

For anyone on a budget zignaly+tradingview is more than enough. You get to customize your alerts/strategies as you wish and have them executed easily via email signals. You can make it quite complex if you code in pine editor. At this point I'm only paying for basic tradingview plan and it is enjoyable.

[CarnagexD]

If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms?  I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.

No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.

Wait what? You don't have anything to do but to press the enter button? So where is the essence of trading on that? where is the risk? I'm not into trading bots, but I like the idea of automatic trading however if it happens that all of us will use a trading bot we will just cause a stability in the market since everyone is on waiting line. "No trading experience required" I think that is rigged, it's like offerring free money to anyone who's interested on looking to that platform which I in my opinion a true good to be true thingy.

[Darooghe]

Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.

I am using a trading platform for algorithmic trading with a visual environment. no need to code, just using smart logical blocks to build fully or partly automated algorithmic trading strategies for any market. It's free in the lab mode to build, test and optimize. to trade on exchanges you need to pay. they have full integration with large exchanges for example Binance, Bittrex and Bitfinex etc. you can check it here www.tslab.pro.

[Bipoon]

No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.

Wait what? You don't have anything to do but to press the enter button? So where is the essence of trading on that? where is the risk? I'm not into trading bots, but I like the idea of automatic trading however if it happens that all of us will use a trading bot we will just cause a stability in the market since everyone is on waiting line. "No trading experience required" I think that is rigged, it's like offerring free money to anyone who's interested on looking to that platform which I in my opinion a true good to be true thingy.

Yes, that's the case with Neural Networks learning process for the users. We've tried to make everything as simple as possible.
As for "stability in the market and waiting line", it's true if we would've implemented "linear" algorithms based on indicators/chart patterns. When you have only 1 algorithm for a lot of traders it's no doubt it has its liquidity limits.

With Neural Networks it's another case. Each user creates its own custom algorithm via running a learning process. Each algorithm gets its own entry/exit parameters (randomly). Of course, if you running the learning process at the same time on the same historical data set, more likely you'll get pretty similar algorithms.

It's not free money. You have to do your homework. Let me explain:

1/ You have to assess algorithm's historical performance (back-test results)
2/ Even if back-test is positive, there's a certain degree of probability that it'll generate losses in front-test/live trading.
3/ Taking into consideration the aforementioned statement you have to apply risk-management and run "portfolio" strategy. I mean that you have to train 5-10 Neural Netwotks and launch in live trading 5-10 bots based on them.
4/ Every Neural Network-based algorithm has limited lifetime due to ever-changing market. You have to re-learn it or it'll generate "out-of-date signals".

So, risk-management + assessment (which algo and when to re-learn) is completely on user's side.
Neural Networks only generate a decent entry/exit signal in this case.

[tungaqhd]

Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.

Most trading bots can perform simple strategies only and you have to implement your own strategy for bot. However many bot contain virus/ backdoor that can steal your money so you should use open source only.

[bettercrypto]

I used the Zignaly trading bot and crack Gunbot

Be careful about using crack version of Gunbot if it's from unknown sources the Crack gunbot might have a backdoor or any script that can steal your assets.

If you want a free version of trading I recommend you to check Gekko trading bot their official website is here https://gekko.wizb.it/
The only problem from this trading bot they only have few trading strategies but you can add more strategies manually the guide is included from their documentation you can find it from here "Make your own strategy with Gekko"

Thanks for your information.
It must be safe also before using trading bot. Our funds might take away from us. Specially if unknown sources got our keys and assets. In my opinion, it is better to have technical analysis than depend on trading bots. Because in trading your own style, you will not depend on others idea or even bot. You can also improve your portfolio or strategies to gather profits.

[Spaffin]

Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.

Most trading bots can perform simple strategies only and you have to implement your own strategy for bot. However many bot contain virus/ backdoor that can steal your money so you should use open source only.

I often hear negative reviews about trading bots, and yet there are statements from users who successfully use the Bot, although they receive minimal income through these programs.  You are talking about very strong dangers that these programs hide for traders, but is there any way to choose the best and not dangerous bot or how can it be checked for possible harmful software?

[milewilda]

I've tried various trading bots for stocks and forex back in the day. They were all optimized and backtested and basically they all eventually failed. Many reasons for this.

One reason is that a bot usually works best in a ranging or trending market. So a bot might of worked in 2017 during a bull market but would of not worked so well in 2018 when it traded sideways for many months, same with the first 3 months of 2019. So you won't know in advance what kind of market we are in, whether trending or ranging. If you did you wouldn't need a bot pretty much.

Another reason is that in backtesting you never get slippage. Slippage is very bad in crypto markets due to thin order books, so you might get into a trade way too late or exit way too late. So it might look like a good trade on paper but in real life might look like a loser. You can't backtest real-time markets only forward test them.

Last reason is that if a bot becomes too profitable then too many people will use it and it won't work anymore. This happened to a popular scalping bot back in forex about 5 years ago, basically the brokers knew people used this bot and just traded against them and trapped the bot traders and caused huge losses. Hence if it works, it will work temporarily before too many people use it and it won't work anymore. So basically if you design a bot that works, don't sell it to everybody and just use it yourself.

Back in to those good old forex days where i do make use of EA/bot and it did work for how many months until that Brexit which do mess up everything leading my entire account on fire. lol
Everytime theres a major news i do usually stopping it on yet i know that prices can really be that volatile yet the bot ive been using is for scalps and if huge swings do happen then you do know
on what would happen.It does really still need some human intervention not totally depending on it or leave it because this is one of the mistakes ive done yet im too confident that it do work.lol

[Sanugarid]

If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms?  I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.

No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes.

Wait what? You don't have anything to do but to press the enter button? So where is the essence of trading on that? where is the risk? I'm not into trading bots, but I like the idea of automatic trading however if it happens that all of us will use a trading bot we will just cause a stability in the market since everyone is on waiting line. "No trading experience required" I think that is rigged, it's like offerring free money to anyone who's interested on looking to that platform which I in my opinion a true good to be true thingy.

Your thoughts are so unclear, you don't want trading bot but you want an automatic trading. How will you do that without something that regulates you account? The only thing than can do that are the trading bots that was invented for us to earn money even if we're busy.

Just program you own strategy and let the trading bot work on itself. Just monitor it and don't leave it for so long that the time comes when it is broken or not doing well after a long many trading transactions.

[el kaka22]

I have used couple of bots in the past and I have tried various online stuff that I can't even remember right now but not many of them really delivers a profit that's stable. That is the trouble with bots, they are not stable and that is something you can't really follow because if you would that would mean you could have basically traded yourself as well.

Bots are not for people who do not know how to trade, if you can't make money yourself while trading, you won't make money with the bot as well. The whole purpose of the bots and how they are useful is if you are a good trader with some certain method that makes money, bot allows you to keep doing that on 50+ coins 24/7 without stopping, but you HAVE TO be good at trading to teach the bot how it could make money, otherwise it would just be experimental eyes shut hoping.

[fullhdpixel]

You got a small profit? And… a big loss I guess?
Well, I will advise you to better learn the trading and go for it yourself instead of making use of bots.

Trade bots are not really profitable, it's still your choice though, but I have checked most of these bots even those that some people have claimed are profitable and none of them were really that profitable. If you calculate your profit and loss, you will see that there are lots of losses than profit. The open-source trade bots are the ones that are even worse, and I am not going to blame the devs, because no one will create a bot that works perfectly and make profits and then leave it free for people.

[corenev]

Hi, advise the best trading bot. https://tmtr.me/joinchat/AAAAAET9X--48k101d0NWg

[mojtaba56k]

Zignaly trading bot and ents bot

[JessicaVL]

Hi, advise the best trading bot. I used several trading bots, but I didn’t like it. I was in a small plus.

Have you looked at other ways to make profit? I used to use a BOT but it was lame and only made like 2-4% a month. I tried P2P trading and actually made the same amount of gains on one trade than I did for a month of bot trading.

I just sold my BTC and alts on places like LocalBitcoins and  Vertex.market and profits have been good. I rarely trade myself nowadays because of how accessible P2P trading is. It does take time to build your account, but when you get it right, you can get 10-15 trades a week.