Profitability of Trading Bots

[Codex_HTML]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

[1714825344]

1714825344

[mk4]

The profitability of trading bots simply differ from bot to bot, as they have their own indicators and stuff. And yes, trading bots can definitely be very profitable, assuming that the user of the trading bot knows what he's doing in the first place, by tinkering it and making it better as time goes.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

If the bot you set up is currently doing really well, great. Good job. But don't assume that it will work great forever. This is a common mistake with trading in general, that could potentially end up burning the trader. Just a heads up.

[Wexnident]

Trading bots in general can be helpful to manage trading transactions and the like, but only to the level of management. Bots can't actually offer profit for it's owner in the long term, maybe even short if the market is constantly moving. In the end, users are still required to upgrade or modify their bots regularly to cope with the changes in the market, which I assume you would be doing so as well.

[zeze18]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Trading bot are varies and their performance based on the algorithm that created by the creators. There are many different condition on the market and it's always dynamic so i think it's impossible for a person created all condition in the market to the bot's algorithm. So i think the win rate of the bots is also based on the market condition and the luck of the users

[MURONDI]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

there are various kinds of bots in trade, if someone can put the bot in the right market conditions it can be very profitable, the point is to use the right bot and at the right time too, because market conditions change so you can't use bots that have just one strategy.

[bassbity]

Trading in bots must be profitable if possible when the market is good and if the pairs of bots are put under market conditions like this it might not be good because prices are still volatile.
Now if you make and provide benefits for you then it's good to do what you can in trading using bots, because most traders now don't like trading bots because if they don't work with them they will lose all of them.

[Kemarit]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Maybe you can follow this thread: "HCP's (at least) one month long experiment of the Arakne Trading Bot"™. As the title says, HCP is doing some experiment on a certain bot and see how effective it is, (including profitability).

But then again, bots are just means to an end, it still up to the human (in this case yourself) on how to drive it. I haven't try to used bots though, eventhough I trade, I still prefer the old and traditional way.

[Apened]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

It seems to me that bots trading was so indemand and popular right now. However, i still refuse to use any trading bot as i much prefer to use my own skills, knowledge and strategy to make sure that i am the master of my money or funds. I said many times that bot is working but the question is until when and how much profit it will gonna give you.

[TravelMug]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

It seems to me that bots trading was so indemand and popular right now. However, i still refuse to use any trading bot as i much prefer to use my own skills, knowledge and strategy to make sure that i am the master of my money or funds. I said many times that bot is working but the question is until when and how much profit it will gonna give you.

Oh well, It's in demand because you can really make money out of it as long as you know how to set the parameters, and it speed things up, specially if you wanted to see "profits" quicker.

But as far as I know, you need experience in trading before you can gradually move to bots. Because there are certain settings that a newbie might not be familiar with. Every bots is user friendly though, but I believed that it is not for everyone.

[mk4]

Trading in bots must be profitable if possible when the market is good and if the pairs of bots are put under market conditions like this it might not be good because prices are still volatile.

A good trading bot doesn't necessarily need good market conditions to make money. A good trading bot would make money regardless the direction the market is going to. Also, volatility is mostly actually good for traders, as there are more opportunities to make(and of course, lose) money. Bitcoin's volatility is actually the one that often attracts traders outside actual bitcoiners.

[rijaljun]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

It works and it is real.

You can't trust the bot forever as you will have a moment where you are disappointed with the result. You should not totally rely on bot since it doesn't give you real experience in trading. You can use it whenever you have no time to do trading, it is okay but don't use big capital to do it and stay careful of it.

[CodyAlfaridzi]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Good for you. How long have you been running this bot? Have you include trading fees?

I'm probably as astounded as you if you really could make a profitable bot. I mean it's really hard, especially in an extremely volatile market like crypto. Where did you learn how to do it? What strategy do you use? Please share a little more.

[avatar_kiyoshi]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

For a paid bot, it's work well, I ever to pay in trading bot (it's actually me & my friend) to try the bot. The bot itself offer 1% profit per day, at the first month it's work very well, the profit is not missing, but when there is a shock on the market, the bot starts to get confused, had lost about 2 days (around 3%), after that the bot returned to normal.

Just to remember trading bot is suitable for who wants to invest in trading but have no a lot time. Trading bot is shut down our experience in trading.

[Subbir]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Trading Bot handle you easily? you can set trading bot when you advance trader bot normally made for multiple advance trader not new traders. If you miss the instructions you will lose Again, you will benefit if the instruction is correct So you have to keep an eye on it.

[pooya87]

one thing that people usually forget about trading bots is that they can not preform magic. for example in the altcoin market that is purely manipulation a human with maximum level of expertise can not make consistent profit as the manipulators would do sudden dumps of shitcoins that will crush traders. best case scenario for a bot here is a faster reaction compared to the human but still loses money and worst case scenario is a bug that leads to bigger losses.
in the end i believe that trading bots in altcoin market can only be used for a small number of very specific strategies otherwise the rest of the strategies specially those depending on analysis of the market won't work well.

[panganib999]

one thing that people usually forget about trading bots is that they can not preform magic.

This. Bots don't bring profit. Bots don't bring strategies. Bots don't bring the future. Bots are just.. well bots. They do functions that you tell them to do and that is that. Comparing that to a live human being trader, bots would lose 10/10 no matter what. Imagine what Bots can do right now in our current state of tech. They only do automated movements or actions that the user has set them to do. Take note of the word "set". They heavily rely on you, the user/trader, for decisions to do and like.

Sure OP, its working, and that's nice. But that's it. Unless your bot could actually learn AI, it isn't much different from the bots out there, and wouldn't provide much help in regards to trading. Sadly enough.

[ryzaadit]

I have a group who someone using a bot, they said the bots was provided by AI and other stuff.

But actualy, a few trade they only have profit 1-2% after that they losed more than 10-50% from their asset and still need to pay a fee service from the bot.

Imagine, you lose the trade + you need to pay the service LOL~

[Lanatsa]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Ofcourse! Bot does work if you do know on what youre doing but if not then dont expect for those tool to work well but dont expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that dont fully get too confident on using it up.Always secure out profits and still have that good fund management.

[CarnagexD]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

For a paid bot, it's work well, I ever to pay in trading bot (it's actually me & my friend) to try the bot. The bot itself offer 1% profit per day, at the first month it's work very well, the profit is not missing, but when there is a shock on the market, the bot starts to get confused, had lost about 2 days (around 3%), after that the bot returned to normal.

Just to remember trading bot is suitable for who wants to invest in trading but have no a lot time. Trading bot is shut down our experience in trading.

Did you really pay on using bots? I mean there are some that is free to use though I haven't used any of them yet. But well, we should be wary of what bots are capable of doing trades coz basically bots are just an extension of ours with our settings on it and typically based on the market movement, So there is no accurate percentage of profit at all. On top of those profit you get from 1% or 2% a day, when you lose big time about 10% in a month then it is not healthy anymore, just do the math when you are paying for the bot to work for you relatively to what you are earning on using it.

[AniviaBtc]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Ofcourse! Bot does work if you do know on what youre doing but if not then dont expect for those tool to work well but dont expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that dont fully get too confident on using it up.Always secure out profits and still have that good fund management.

It still depends in many aspects like what strategies you will set to your trading bot so that while you're not active or busy. Your trading bot will still do what you should do in trading. Bots are made so that if ever you are not active like sleeping, eating, doing office works and etc , your wallet is still working and earning money.

[13abyknight]

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

Well, what else did you expect the outcome to be? Only takes a couple of hours or days to figure out the configurations and what pairs to flip but the end result over is almost always steady profit. The only possible drawback here could be if the market goes bleeding red and you're not around to shut down the bot, might take a few weeks to the stability point again.

[Not_A_Rocket_Scientist]

I am testing Bitsgap bot with 0.4 BTC invested. You can check one of my latest reports regarding its performance in my blog: https://tradingbot.info/results/bitsgap/another-report-of-my-experience-with-automated-trading-bots/

From my 5-month experience, I can say that trading bots can actually bring profit, but you also need to invest your time to monitor and adjust them.
If you are looking for a way to get money doing nothing, then automated trading is not the case. This is a tool, and you need to know how to use this tool right.

[jostorres]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I think it depends on the bot you're using. As time goes on it gets better I guess, and you start making profit. But you need to look for the best trading bots, and there is no guarantee that you will finish the day with profit because you're using bots. I don't have interest in trading bots, I prefer to trade when I have the time and that's because I do get chance after my work.

Trading bots are different, and if you're the type that likes "free" then you should go for open-source bots, but one thing you should know is that open-source might not be profitable. I don't think will build a profitable bot and leave it for free, lol. Instead of making use of these, I will advise you to go for HODL (Long term trading). Even paid bots are not profitable based on what I've read from Reddit, so it's best for you to go long term Hodl. Your choice though.

[DevilSlayer]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I think it depends on the bot you're using. As time goes on it gets better I guess, and you start making profit. But you need to look for the best trading bots, and there is no guarantee that you will finish the day with profit because you're using bots. I don't have interest in trading bots, I prefer to trade when I have the time and that's because I do get chance after my work.

Trading bots are different, and if you're the type that likes "free" then you should go for open-source bots, but one thing you should know is that open-source might not be profitable. I don't think will build a profitable bot and leave it for free, lol. Instead of making use of these, I will advise you to go for HODL (Long term trading). Even paid bots are not profitable based on what I've read from Reddit, so it's best for you to go long term Hodl. Your choice though.

I do not use trading bots because of the risks, I known many people that are using these tools but they still losing money. I will never let my money traded by an AI. It is still betyer if I'm the one who managing my capital. Even if I'm busy at my full time work, I still manage to trade cryptocurrencies because of the strategies that I keep doing. I do not have plan to use trading bots because my money is not safe there and I cannot guarantee the gains there.

[el kaka22]

I have used bots for years and I can tell you that none of them are profitable. Anyone who says their bot that they use is profitable is making up bs or they are using it on a very very right moment. No bot in the history of the world has ever managed to make people money for long term, either it makes money and then loses or it loses money then makes it but there is no bot that keeps on profiting after profiting.

Think about it this way, if there was a software that allowed you to keep profiting all the time and never lost money or at least on average was profitable for the long term, don't you think millions of people on this earth would want that? Who would say no to a software that makes profits for you while you sleep? That is why never trust a salesman.

[Pamadar]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Ofcourse! Bot does work if you do know on what you're doing but if not then don't expect for those tool to work well but don't expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that don't fully get too confident on using it up.Always secure out profits and still have that good fund management.

It still depends in many aspects like what strategies you will set to your trading bot so that while you're not active or busy. Your trading bot will still do what you should do in trading. Bots are made so that if ever you are not active like sleeping, eating, doing office works and etc , your wallet is still working and earning money.

Your bot relies from how you will set the settings of your positions. Many traders use the service in different forms. The good catch from
using this bot is the emotions that you can set aside as the bot will works after you put each settings inside the system.

It indeed can secure the profits if you will allow your knowledge to take over and let the bot do the rest.

[Soots]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I think it depends on the bot you're using. As time goes on it gets better I guess, and you start making profit. But you need to look for the best trading bots, and there is no guarantee that you will finish the day with profit because you're using bots. I don't have interest in trading bots, I prefer to trade when I have the time and that's because I do get chance after my work.

Trading bots are different, and if you're the type that likes "free" then you should go for open-source bots, but one thing you should know is that open-source might not be profitable. I don't think will build a profitable bot and leave it for free, lol. Instead of making use of these, I will advise you to go for HODL (Long term trading). Even paid bots are not profitable based on what I've read from Reddit, so it's best for you to go long term Hodl. Your choice though.

I do not use trading bots because of the risks, I known many people that are using these tools but they still losing money. I will never let my money traded by an AI. It is still betyer if I'm the one who managing my capital. Even if I'm busy at my full time work, I still manage to trade cryptocurrencies because of the strategies that I keep doing. I do not have plan to use trading bots because my money is not safe there and I cannot guarantee the gains there.

Using bots for trading has no certain results in terms of profit, because it was only an artificial intelligent coming from a robot computer. In my own thinking, that's only break even due to uncertainty about of the profit which cannot be relied on most of the time. What's more important is you've learned a lot from your own efforts to gain sustainable profit.

[tungaqhd]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I used to earn good money with trading bots then i stopped when i realize my bot strategy isn't profit anymore. Bots with latest technology like AI still have a fixed accuracy.

[Sanugarid]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Ofcourse! Bot does work if you do know on what youre doing but if not then dont expect for those tool to work well but dont expect or does come to a point that you do rely on it 100% when it comes to profit making.

Good thing that the bot you had set-up does give you profits but remember on what i have said that dont fully get too confident on using it up.Always secure out profits and still have that good fund management.

It still depends in many aspects like what strategies you will set to your trading bot so that while you're not active or busy. Your trading bot will still do what you should do in trading. Bots are made so that if ever you are not active like sleeping, eating, doing office works and etc , your wallet is still working and earning money.

Aspects like what? Strategies? What if it makes an error and doesn't do strategies that you've set up? Will it make you to have losses? Because bots or AI or not that certain, sometimes it does have errors or malfunctions.

But that's not a big problem, just always check your account if it is doing well. Don't forget to monitor it because it can be a reason why you'll lose all your money.

In the other side, bots are good in making transactions without your concern so that while you're doing your work, it's less hassle for you.

[samcrypto]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

It will only works if you set it correctly, take note that BOT still need your analysis. I don’t trade that much and using BOT for me is not that recommended but if a trader is so busy in real life, then using a BOT is very useful. Choose the best BOT where you don’t need to put too much indicators, and you just need to pick the best and the BOT should hit it accurately.

[nicolas1979]

I already leave trade using bot or signal, profitable at the first and bankrupt in the end. That's my experience but if someone has good continue profit from bot that's luck and I must say congrats. Become professional trader is my dream and I need skill but using bot will kill my performance, I can't do anything fun again because everything was taken by bot. So far I don't agree with bot and I'm sorry if someone out there can become professional with bot.

[TitanGEL]

I already leave trade using bot or signal, profitable at the first and bankrupt in the end. That's my experience but if someone has good continue profit from bot that's luck and I must say congrats. Become professional trader is my dream and I need skill but using bot will kill my performance, I can't do anything fun again because everything was taken by bot. So far I don't agree with bot and I'm sorry if someone out there can become professional with bot.

I do not use trading bots, there are many issues in using trading bots. My friend also experience to lose money because he use trading bots. Those who hsing trading bots are not fully understand technical analysis. If you know how to use it then you will never need trading bots. I do not trust trading bots and I do not have plan to use it. I just relying my decisions in what I learn from technical analysis.

[Pamadar]

I already leave trade using bot or signal, profitable at the first and bankrupt in the end. That's my experience but if someone has good continue profit from bot that's luck and I must say congrats. Become professional trader is my dream and I need skill but using bot will kill my performance, I can't do anything fun again because everything was taken by bot. So far I don't agree with bot and I'm sorry if someone out there can become professional with bot.

I do not use trading bots, there are many issues in using trading bots. My friend also experience to lose money because he use trading bots. Those who hsing trading bots are not fully understand technical analysis. If you know how to use it then you will never need trading bots. I do not trust trading bots and I do not have plan to use it. I just relying my decisions in what I learn from technical analysis.

If you are good with your own understanding and you have your own ways to take your opportunities then you don't need to use anything but the instinct inside you will allow you to take advantage. Keeping things according to your plans makes more realistic to get better outcomes to your trading practices. Keep always in mind that decision should be based according to how you see every edges that you can take.

[pajak666]

Any form of automated trading will be profitable as long as the strategy is winning. There are many tools to do this but as people said here before, they are just tools and you need to know how to use them and execute the plan. There are no downsides to this and statements like 'i dont believe in trading bots' mean only that the person doesn't know how to trade profitably in the first place.

[justdimin]

I am curious if people have had success with trading bots in cryptocurrency.

I doubt about that. Look into this recent real time experience of one of high rank member of this forum here and more importantly this post. The provider had claimed that there was no single losses to them (up to the date I checked them) but honest reviews are saying complete different stories. Bots are not my way of trading. I use few bots for easing my analysis but I do trade on my own.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

No wonder about its working conditions but the main concern should be about its versatility. I mean is it capable of getting you profits? In consistent manner? Nowadays devs are claiming making use of AI in their bots which may give us positive things but markets are known highly unpredictable by any mathematical formula.

I guess we cannot completely ignore using bots for our trading as devs may bring revolutionary things with their coding but that may give us profits only in short term because when more number of people will be using same bot, again market may become too complex to predict its directions. This could be the reason why bots are not working good in long term.

[Shimmiry]

I am curious if people have had success with trading bots in cryptocurrency.

I doubt about that. Look into this recent real time experience of one of high rank member of this forum here and more importantly this post. The provider had claimed that there was no single losses to them (up to the date I checked them) but honest reviews are saying complete different stories. Bots are not my way of trading. I use few bots for easing my analysis but I do trade on my own.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

No wonder about its working conditions but the main concern should be about its versatility. I mean is it capable of getting you profits? In consistent manner? Nowadays devs are claiming making use of AI in their bots which may give us positive things but markets are known highly unpredictable by any mathematical formula.

I guess we cannot completely ignore using bots for our trading as devs may bring revolutionary things with their coding but that may give us profits only in short term because when more number of people will be using same bot, again market may become too complex to predict its directions. This could be the reason why bots are not working good in long term.

As the innovation today, cryptocurrency is one of the most profitable coins because the price of it is very volatile that neither can predict nor the future of the coin, but some of them are doing a research what is happening on the future of the coin, and this kind of action makes help to get a hint what is happening to the coin. By the improvement of getting more coin, the developers make a trading bot to their everyday trading those algorithms gets the idea when is the right time to buy or to sell coin it is good too because you don't need to check all the time the rate of the coin but its more risky because if the programmed have a bug or mistakes it can cause loss of income, but it makes it good it gives much profit. It is biased to the people who are making research on their tradings too; today there is a lot of trading bot seeling through online that you can avail.

[zeze18]

I already leave trade using bot or signal, profitable at the first and bankrupt in the end. That's my experience but if someone has good continue profit from bot that's luck and I must say congrats. Become professional trader is my dream and I need skill but using bot will kill my performance, I can't do anything fun again because everything was taken by bot. So far I don't agree with bot and I'm sorry if someone out there can become professional with bot.

If there is a chance to get profits that means we could take advantages of the bots, we should look at the chance and avoid the loss. I'm sure it's all about the market movement, We should analyze the market movement and look the market condition when the bots gain profits, and at the future we only trade when the market has similiar condition as we got profits before.

[drachman]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I used to earn good money with trading bots then i stopped when i realize my bot strategy isn't profit anymore. Bots with latest technology like AI still have a fixed accuracy.

It is odd, a strategy may have market conditions in which it operates at a greater effectiveness but it should not suddenly become unprofitable for no reason at all, what kind of strategy were you using to make money in the markets? It is also possible that you did not configured your bot correctly and maybe it is making some trades that you will never do and that is reducing its profitability, personally I prefer to trade manually since I do not want to lose my money just because I made a mistake when coding my bot.

[avatar_kiyoshi]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

For a paid bot, it's work well, I ever to pay in trading bot (it's actually me & my friend) to try the bot. The bot itself offer 1% profit per day, at the first month it's work very well, the profit is not missing, but when there is a shock on the market, the bot starts to get confused, had lost about 2 days (around 3%), after that the bot returned to normal.

Just to remember trading bot is suitable for who wants to invest in trading but have no a lot time. Trading bot is shut down our experience in trading.

Did you really pay on using bots? I mean there are some that is free to use though I haven't used any of them yet. But well, we should be wary of what bots are capable of doing trades coz basically bots are just an extension of ours with our settings on it and typically based on the market movement, So there is no accurate percentage of profit at all. On top of those profit you get from 1% or 2% a day, when you lose big time about 10% in a month then it is not healthy anymore, just do the math when you are paying for the bot to work for you relatively to what you are earning on using it.

Yes, I used an automated trading bot that does not require difficult setup. Investing in an automated trading bot is of course more risky, I can afford to lose my money in this kind of bot, so that's why I tried it.
The profits are fairly constant so far, but I am still researching about this bot to make sure the calculation, so I still cannot suggest investing in this kind of bot.

[Amel]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The fact is so, at first you will feel amazing that the trading bot can go according to plan, but over time the bot is increasingly detrimental to you and suck up your money. This is not bullshit, but my personal experience and maybe many people who feel like me, maybe you still do not feel it, but soon you.

[Lanatsa]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The fact is so, at first you will feel amazing that the trading bot can go according to plan, but over time the bot is increasingly detrimental to you and suck up your money. This is not bullshit, but my personal experience and maybe many people who feel like me, maybe you still do not feel it, but soon you.

Bot does really give out profits but it will really indeed vary on the market conditions.I have made money on using up trading bots but well all would really
still need for you to configure on how the bot would work.So in short, profitability will depend on how you do deal it up.Somewhat mixed up some
luck for you to gain out some profits but most of the time it will vary on decision analysis.

[pawanjain]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

[Distinctin]

It is certainly be depending of what coin are used in trading and also the trading bots you'll have.
I can't really say that it was more profitable or not than manual trading as isn't proven above. But the growing number of trading bots existed nowadays, I believe that it works well. However, some traders are much confident of doing it by themself rather than relying on bots. 

[drlukacs]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

bot trading never existed in my trading terminology.  because only a few bots can work well for a long time.  I tried bot trading and it only worked in the first 7 orders and the following commands made a lot of mistakes.  Of course, I tried many types of bots and lost more than $ 6000.  so now I don't trust the bot of any service, I believe in my judgment and the market price.

[Edraket31]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

bot trading never existed in my trading terminology.  because only a few bots can work well for a long time.  I tried bot trading and it only worked in the first 7 orders and the following commands made a lot of mistakes.  Of course, I tried many types of bots and lost more than $ 6000.  so now I don't trust the bot of any service, I believe in my judgment and the market price.

That's right, if others can really earn through trading why we can't, there's a lot of experts out there that don't rely on trading bots, they worked hard for what they are and what they have and earned so far, it's not an easy to trade but there's no impossible if you really want what you are doing in your life, just love and make it your passion.

[Yamifoud]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Bots act according to the signals that they may receive, it all be done by their own understanding not the one that used it. Having this kind of works it actually giving beneficial to traders for not spending more time in trading and they all just depend on the bots but not sure if it really works for them.

And wondering if someone who used this one could tell something that they are profiting. Cause most of us here not really familiar to this and this is also expensive which many traders would prefer to do it manually rather than to buy trading bots.

[JC btc]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Bots act according to the signals that they may receive, it all be done by their own understanding not the one that used it. Having this kind of works it actually giving beneficial to traders for not spending more time in trading and they all just depend on the bots but not sure if it really works for them.

And wondering if someone who used this one could tell something that they are profiting. Cause most of us here not really familiar to this and this is also expensive which many traders would prefer to do it manually rather than to buy trading bots.

Is it really worth it to have a trading bot? Because I doubt, as if I were the owner of the bot, I will just use it on my own if I can see that it is that accurate and successful. Still for me better to learn trading well and don't just depend on bots, as they were also just programmed and not that too much accurate.

[Pamadar]

It is certainly be depending of what coin are used in trading and also the trading bots you'll have.
I can't really say that it was more profitable or not than manual trading as isn't proven above. But the growing number of trading bots existed nowadays, I believe that it works well. However, some traders are much confident of doing it by themself rather than relying on bots. 

Indeed, people who loves chasing the changing market paces are more likely to trade manually than using bot. It much enjoyable and more learning to
achieved once you trade manually as you will be able to observe and analyze the right pattern to use. Eventually when you master this system bot can
be helpful since you have a better confidence to entrust your position with the help of the bot that will performed for you.

[KrisAlex18]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Trading bots are not AIs that can make a decision with itself but it is rather just an extension of the trader's style. Trading bots are not adaptive, it is just basically a set up goal by the trader on which the result is still unknown if it will fail or succeed. I'd rather trade manually than using bots since it is just the same but I recommend bot if you guys want to trade and do other work simultaneously.

[Assface16678]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

Trading bots are not AIs that can make a decision with itself but it is rather just an extension of the trader's style. Trading bots are not adaptive, it is just basically a set up goal by the trader on which the result is still unknown if it will fail or succeed. I'd rather trade manually than using bots since it is just the same but I recommend bot if you guys want to trade and do other work simultaneously.

We are now struggling in trading with a different issue like, if we have a stable job and using the cryptocurrency trading for extra income, we don't have too much time to be updated what is happening in the market. Most of us want to find an alternative strategy to we keep earning a lot of money while we don't do anything, so that idea come up is to make a trading bot. This trading bot can identify when are the right time to buy and sell coins and get profit and the user without doing anything. Some problem of the cryptocurrency trading with a bot would be the algorithm if the programmer made a mistake on the program it may cause damage to your income and also it will make an unauthorised trade. But still, we are trading at our own risk it depends on you what you will prefer for trading.

[tonyvo2017]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

The bot trading is really good, but it's up to the person who set it. in it, I only believe in bots of mutual funds. they summon PhD maths and numbers people to program a bot that can't be beat. Mr. Foundation's fund Thorp has actually grown thanks to their bot. As for the bots that are widely sold in the crypto market, I do not believe, these are all liars.

[pajak666]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

What kind of bot are you using? Did you set up a commercial solution or something personalized? Any info on it's performance would be highly anticipated if you are making a thread about it.

[fullhdpixel]

When the whole world makes money it is not really bots that can take the credibility, the peak ATH type of great days are of course perfect times to use bots and you can make profits during those times, sure maybe personally you could be busy or you don't want to deal with things so you can use bots and make that profit instead however when all coins are going down, how the hell do you think you can make any profit at all with a bot?

What the bot can do at beast is drop the average down so it could profit later easier, that is all it can technically do. I still prefer long term holding over anything else, no bot has managed to make 100% profit in the past 1 year whereas if you bought a year ago you would have 100% profit right now, why would you need a bot if it is worse than simply doing literally nothing.

[cofinder]

I'm using info bot from CEX, https://t.me/CexIoInfoBot. It's not a trading bots in their traditional meaning. But it's quite a helpful tool in both long/short-term trading.

[Sadlife]

Bots can be profitable especially if they have good algorithms to handle any types of scenario's when it comes to trading. As we all know bitcoin with its volatility has been very hard to do technical analysis but now bots has become more sophisticated in dealing with such scenario's, so they might be viable tools and is convenient for most traders.

[drachman]

I don't think anybody would consistently gain profits just by using a trading bot. It needs some effort too to get regular profits.
I think trading bots need regular tinkering in the way it works. Bots are meant to work in the same way until their algorithm is changed.
The trend keeps changing from time to time and so it becomes a necessity to adjust the algorithm to earn better profits.

A trading bot is just another way traders have of making money in the markets, but think about it, if a trader cannot make money on his own without a bot then it is going to be impossible for him to give instructions to the bot that will give him profits since he cannot do that by himself, if anything the bot will make him lose money even faster as the bot will trade the markets every single day without rest while a human needs to take a break once in a while and that saves you money if you are a losing trader.

[tungaqhd]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I was succeeded with trading bots in a short time when the market is pretty stable. However i decided to stop using trading bots because the bot strategy wasn't profitable anymore, it couldn't handle the market situation.

[topbitcoin]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I was succeeded with trading bots in a short time when the market is pretty stable. However i decided to stop using trading bots because the bot strategy wasn't profitable anymore, it couldn't handle the market situation.

Is there a possibly that you are setting your bot after market situation changed? Or maybe bot only work once,  by the way i ask this because i am zero about trading bot. And what i know only trading bot is all depends on who use it, if they can use it properly then it can make profit. Like trading strategy as usual.

[Taskford]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

I was succeeded with trading bots in a short time when the market is pretty stable. However i decided to stop using trading bots because the bot strategy wasn't profitable anymore, it couldn't handle the market situation.

It depends on what you set so that the bot can interact with the market condition but this is still not reliable since we cannot still guarantee to earn that's why I always prefer manual trading since we will got a high chances to lose when certain bad market condition will strike when we are not attended.

[lablab03]

But becareful when using bots because the are some fake ,which is the real intention is to hack users private information such those that have curiosity about the real bot advantages. So be aware because nowadays in just one mistake it can cause massive losses.

[ufaiz50]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Bots only help you in doing trading, this all depends on your analysis and luck too. Many people are wrong that bots can always bring profit. Experience when using bots trading is easier than we have to see too often in the crypto market and of course the settings of bots must really be in accordance with our analysis.

[KnightElite]

I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

Bots only help you in doing trading, this all depends on your analysis and luck too. Many people are wrong that bots can always bring profit. Experience when using bots trading is easier than we have to see too often in the crypto market and of course the settings of bots must really be in accordance with our analysis.

It is too low for me and that is why I do no use trading bots. Trading bots are for the people who doesn't enough time to focus in trading. I have a lot time so I do not have any idea to use trading bots. Trading bots are also base on luck so there is no guarantee that your money will grow from it. I prefer to use my own decision in trading than in trading bots because I trust more my analysis than the analysis of trading bots.

[beerlover]

Basically everyone agrees that bots are not here to make you money, not if you don't know how to do it. Bots are here to do something you normally would do but help you do it automatically. You know how to make a profit from trading?

Great you can either do it manually or tell your bot to do it for you when you are sleeping, it is not a cash printing program, if it was like that you would have seen multiple super rich people in the world all thanks to bots but the only people who become rich thanks to bots are the creators of the bots that sell these software. So, if you do not trust yourself manually, don't go and buy a bot, it only works if you know what you are doing and you want the program to do the same thing you do but do it automatically while you are not on your PC.

[pajak666]

Basically everyone agrees that bots are not here to make you money, not if you don't know how to do it. Bots are here to do something you normally would do but help you do it automatically. You know how to make a profit from trading?

Great you can either do it manually or tell your bot to do it for you when you are sleeping, it is not a cash printing program, if it was like that you would have seen multiple super rich people in the world all thanks to bots but the only people who become rich thanks to bots are the creators of the bots that sell these software. So, if you do not trust yourself manually, don't go and buy a bot, it only works if you know what you are doing and you want the program to do the same thing you do but do it automatically while you are not on your PC.

Yea this basically sums it up. Close please. ;P
But seriously that's all there is to this topic. If you are a profitable trader then a bot will make you money. If you are not, then it'd be better to spend time/money on learning process not software.

[doomistake]

The profitability of trading bots simply differ from bot to bot, as they have their own indicators and stuff. And yes, trading bots can definitely be very profitable, assuming that the user of the trading bot knows what he's doing in the first place, by tinkering it and making it better as time goes.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.

If the bot you set up is currently doing really well, great. Good job. But don't assume that it will work great forever. This is a common mistake with trading in general, that could potentially end up burning the trader. Just a heads up.

This is absolutely correct.

Bots have different roles in the trading industry, it could be use on automatically picking the right choice to make to trade, or you could manually put what you wanted to trade and the bot will do it overnight if you wanted a sleep, basically just that. However, just like what you have said, we have to know how to take advantage of it and not just randomly use it believing that it could give you profits without the user making the first move, unless he have the automatic trading bot that do all the works.

But don't assume that it will work great forever.

I agree.

[drachman]

But becareful when using bots because the are some fake ,which is the real intention is to hack users private information such those that have curiosity about the real bot advantages. So be aware because nowadays in just one mistake it can cause massive losses.

This something that I have not really considered but it is true, in order for a bot to trade you will need to give it access to your account and if for some reason you bought a bot from an unknown source then there is a very high chance that you're going to get hacked and instead of getting money you're going to lose it and that is never a good thing, this most likely will happen to newbies and not to experimented users because newbies are the ones that think that bots are just a magical way of making money and that is not true.

[algoSurfer454]

My first freqtrade bot algorithm was a simple RSI/bollingerbands price watching for a price to below the lower band(trade against the market BAD strategy), and wait for a 6% gain.  it was making money in a rising market, but it could have made more buying and holding.  It's main weakness was that a price many times will continue to drop after it has gone below the lower band, so the bot was left with a lot a few coins.  My new algorithm is attempting to trade with the market, and we will see how it goes with the coming pump and mild drop.


Wishing everyone a profitable future

[arimamib]

But becareful when using bots because the are some fake ,which is the real intention is to hack users private information such those that have curiosity about the real bot advantages. So be aware because nowadays in just one mistake it can cause massive losses.

This something that I have not really considered but it is true, in order for a bot to trade you will need to give it access to your account and if for some reason you bought a bot from an unknown source then there is a very high chance that you're going to get hacked and instead of getting money you're going to lose it and that is never a good thing, this most likely will happen to newbies and not to experimented users because newbies are the ones that think that bots are just a magical way of making money and that is not true.

indeed it would be better to trade in the traditional way and rely on the capabilities it possesses rather than having to find ways to make it easier but at high risk. it is not recommended to use trading bots, because the price flow of crypto will not always be the same and need a complicated algorithm for the bot.

[spike420211]

I have participated in many similar bot related programs. As a rule, all these bots had certain positive statistics at least in the monthly period.
Each time I was convinced that the bot was configured based on the mistakes of previous similar bots, everything was taken into account in it, which means it will inevitably be profitable.
The most interesting cases were with bots whose algorithms were used to analyze all the dynamics of the market for all time.

Some of them showed stable and good profits on the basis of past events. I think you yourself understand that the authors of these bots assured them of their efficiency, and they themselves believed in it.
But in the end, I met the same story everywhere. The bot worked for several months, bringing its investors income from 1% to 10% per day.
But one day, investors went to their personal dashboards from where to monitor the work of the bot and were horrified because the bot lost everything.

The creators explained everything by speculation and manipulation in the market. But everything is obvious to me. Such bots can only trade in the environment that they have studied and calculated.
They are not able to take into account new data that introduce the human factor into the equation, so ordinary bots are not able to cope with such a difficult task as crypto trading.
In any case, in the long term, I have not seen such bots. But artificial intelligence can quite solve this problem.

[posi]

I have participated in many similar bot related programs. As a rule, all these bots had certain positive statistics at least in the monthly period.
Each time I was convinced that the bot was configured based on the mistakes of previous similar bots, everything was taken into account in it, which means it will inevitably be profitable.
The most interesting cases were with bots whose algorithms were used to analyze all the dynamics of the market for all time.

Some of them showed stable and good profits on the basis of past events. I think you yourself understand that the authors of these bots assured them of their efficiency, and they themselves believed in it.
But in the end, I met the same story everywhere. The bot worked for several months, bringing its investors income from 1% to 10% per day.
But one day, investors went to their personal dashboards from where to monitor the work of the bot and were horrified because the bot lost everything.

The creators explained everything by speculation and manipulation in the market. But everything is obvious to me. Such bots can only trade in the environment that they have studied and calculated.
They are not able to take into account new data that introduce the human factor into the equation, so ordinary bots are not able to cope with such a difficult task as crypto trading.
In any case, in the long term, I have not seen such bots. But artificial intelligence can quite solve this problem.

Thank you for pointing out this situations which i believed will make newbies traders that only thought bot trading are the most exciting and ease way of making point in crypto trading realms while there's more to it in terms of managing the bot and doing some total cross checking on the market activities. But i believe market price alert are way better than bot if the trader can control his emotion when trading.

[spike420211]

I have participated in many similar bot related programs. As a rule, all these bots had certain positive statistics at least in the monthly period.
Each time I was convinced that the bot was configured based on the mistakes of previous similar bots, everything was taken into account in it, which means it will inevitably be profitable.
The most interesting cases were with bots whose algorithms were used to analyze all the dynamics of the market for all time.

Some of them showed stable and good profits on the basis of past events. I think you yourself understand that the authors of these bots assured them of their efficiency, and they themselves believed in it.
But in the end, I met the same story everywhere. The bot worked for several months, bringing its investors income from 1% to 10% per day.
But one day, investors went to their personal dashboards from where to monitor the work of the bot and were horrified because the bot lost everything.

The creators explained everything by speculation and manipulation in the market. But everything is obvious to me. Such bots can only trade in the environment that they have studied and calculated.
They are not able to take into account new data that introduce the human factor into the equation, so ordinary bots are not able to cope with such a difficult task as crypto trading.
In any case, in the long term, I have not seen such bots. But artificial intelligence can quite solve this problem.

Thank you for pointing out this situations which i believed will make newbies traders that only thought bot trading are the most exciting and ease way of making point in crypto trading realms while there's more to it in terms of managing the bot and doing some total cross checking on the market activities. But i believe market price alert are way better than bot if the trader can control his emotion when trading.

In general, you are right. However, one assumption needs to be added, if we are talking about trading with bots, then the most effective ones will make profit on scalping,
that is, until the surgical accuracy of predicting where the price will go at a particular short-term moment in time, making money, we take into account its fluctuations in both sides.
In this case, the bots should, with proper configuration and human control, perform everything correctly following a certain analysis, then there is every chance of a more or less stable profit from such bots.

But I'm sure that if such bots exist, and they most likely exist, no one will sell such a bot in the public domain.
Why even sell it if it makes a profit? This question should be asked to everyone who decided to use paid bot services.
In other trading processes, I would suggest relying on my own head and turning off emotions.

[milewilda]

I have participated in many similar bot related programs. As a rule, all these bots had certain positive statistics at least in the monthly period.
Each time I was convinced that the bot was configured based on the mistakes of previous similar bots, everything was taken into account in it, which means it will inevitably be profitable.
The most interesting cases were with bots whose algorithms were used to analyze all the dynamics of the market for all time.

Some of them showed stable and good profits on the basis of past events. I think you yourself understand that the authors of these bots assured them of their efficiency, and they themselves believed in it.
But in the end, I met the same story everywhere. The bot worked for several months, bringing its investors income from 1% to 10% per day.
But one day, investors went to their personal dashboards from where to monitor the work of the bot and were horrified because the bot lost everything.

The creators explained everything by speculation and manipulation in the market. But everything is obvious to me. Such bots can only trade in the environment that they have studied and calculated.
They are not able to take into account new data that introduce the human factor into the equation, so ordinary bots are not able to cope with such a difficult task as crypto trading.
In any case, in the long term, I have not seen such bots. But artificial intelligence can quite solve this problem.

Thank you for pointing out this situations which i believed will make newbies traders that only thought bot trading are the most exciting and ease way of making point in crypto trading realms while there's more to it in terms of managing the bot and doing some total cross checking on the market activities. But i believe market price alert are way better than bot if the trader can control his emotion when trading.

In general, you are right. However, one assumption needs to be added, if we are talking about trading with bots, then the most effective ones will make profit on scalping,
that is, until the surgical accuracy of predicting where the price will go at a particular short-term moment in time, making money, we take into account its fluctuations in both sides.
In this case, the bots should, with proper configuration and human control, perform everything correctly following a certain analysis, then there is every chance of a more or less stable profit from such bots.

But I'm sure that if such bots exist, and they most likely exist, no one will sell such a bot in the public domain.
Why even sell it if it makes a profit? This question should be asked to everyone who decided to use paid bot services.
In other trading processes, I would suggest relying on my own head and turning off emotions.

Bots do work and does depend on how they've been set up by the user itself.Theres no such bot that do work without having user intervention.

Profitability will surely vary on how traders do consider on which kind of trading would they engage.I agree on the fact that scaling is way more better
when using up bots.

Set up some tp and sl on small margins and i have tried this one and i can say that its profitable but most of the time, high volatility will mess you up.