Profitability of Trading Bots

[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.

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[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.