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Author Topic: What are the most useful crypto trading bots?  (Read 385 times)
TitanGEL
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February 12, 2020, 08:28:38 AM
 #21

I have never trusted such services, or rather, the only kind of bots that I trust are those bots that help speed up operations on the exchange, but all decisions are made by the person himself.
All other bots are not reliable enough. I prefer myself to be responsible for making my decisions in trading than I hope that some bot has finally appeared that will help me earn a lot of money.
That its creators are so generous that they decided to share a similar tool because of their spiritual kindness and a desire to help people for a small fee.

Bots is really just for automation but most people specially noobs do really treat it differently which they do believe that these things can generate income or profit on them.
Sooner or later they would realize that those expectations are wrong when they do already tried it out.Manual trading is preferable but there are circumstances that you would
really be far away from keyboard (afk) and this is the time where bots do work.They do execute orders according on what the user had set out.
One example is https://www.gunbot.com/ pretty common bot used by people.
I tried to use that bot before but it doesn't have good effect in my trading portfolio. I already stopped using it and I will only rely on my own decisions. The reason why I decide to use trading bots before is because of my poor time management where I only allocating few hours everyday in trading. But now my focus is trading and that is why it is better if I will decide on my own than to use trading bots.

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whyrqa
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February 15, 2020, 02:20:11 PM
 #22


I tried to use that bot before but it doesn't have good effect in my trading portfolio. I already stopped using it and I will only rely on my own decisions. The reason why I decide to use trading bots before is because of my poor time management where I only allocating few hours everyday in trading. But now my focus is trading and that is why it is better if I will decide on my own than to use trading bots.
I believe that for a professional trailer that devotes all its time to trading, the use of trading bots is inappropriate, since the results will be worse in any case than with personal activities.  But I believe that a trading bot is very useful for a beginner, since beginners do not have experience in trading, and most importantly, this is the correct analysis of the right coin and the market in general.  And the trading bot has in its software all the necessary knowledge that a beginner does not have.

#business #forextrader #bitcoinnews #invest
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February 15, 2020, 08:26:20 PM
 #23

Hi! I do not use earning bots (but 3commas probably is a good one)

Personally I highly recommend a risk monitor and stats reporting assistant. This is the only app I use and it helped me to increase my profit a lot.
It controls risks at several accounts (not like a stop loss, it has more options) and makes advanced reports.

Here it is  - https://www.bitinsure.com/


Looks like this:

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February 16, 2020, 04:25:36 PM
 #24


I tried to use that bot before but it doesn't have good effect in my trading portfolio. I already stopped using it and I will only rely on my own decisions. The reason why I decide to use trading bots before is because of my poor time management where I only allocating few hours everyday in trading. But now my focus is trading and that is why it is better if I will decide on my own than to use trading bots.
I believe that for a professional trailer that devotes all its time to trading, the use of trading bots is inappropriate, since the results will be worse in any case than with personal activities.  But I believe that a trading bot is very useful for a beginner, since beginners do not have experience in trading, and most importantly, this is the correct analysis of the right coin and the market in general.  And the trading bot has in its software all the necessary knowledge that a beginner does not have.
In my own point of view, using trading bots is not really that appropriate. The use of trading bots is not that accurate when it comes for making your trades successful because it is only a guide for beginners on how they will start to trade, that is why trading manually is still the best solution when it comes for making your trades successful pr profitable.
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February 16, 2020, 08:07:30 PM
 #25


I tried to use that bot before but it doesn't have good effect in my trading portfolio. I already stopped using it and I will only rely on my own decisions. The reason why I decide to use trading bots before is because of my poor time management where I only allocating few hours everyday in trading. But now my focus is trading and that is why it is better if I will decide on my own than to use trading bots.
I believe that for a professional trailer that devotes all its time to trading, the use of trading bots is inappropriate, since the results will be worse in any case than with personal activities.  But I believe that a trading bot is very useful for a beginner, since beginners do not have experience in trading, and most importantly, this is the correct analysis of the right coin and the market in general.  And the trading bot has in its software all the necessary knowledge that a beginner does not have.
In my own point of view, using trading bots is not really that appropriate. The use of trading bots is not that accurate when it comes for making your trades successful because it is only a guide for beginners on how they will start to trade, that is why trading manually is still the best solution when it comes for making your trades successful pr profitable.
Tradebots aren't really well suited as of the moment even if many people suggest they're really good for bullish markets. I've used GunBot once and it didn't work for me well. So it's really based on how you strategize your investment, if you use a powerful bot but at the same time is not inclined towards your investment stratedy you wouldn't get that much profits as compared to just trading using your own manpower. Bots still need supervision and unlike risk monitors most of them don't know what to do when there's a dump. It would still depend on you entirely if you wanted to use bots for trading but as much as you can refrain from using them.
Yamifoud
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February 16, 2020, 11:55:28 PM
 #26

I could say trading bots can be helpful but not all the time. If we still have time to be in trading, better do it manually instead of letting bots work on us. A lot of trading bots that can be found online, some are legit and some also are totally shit. But if you have a trusted person that owns trading bots, you may have to try it but if there's no one...better not to do it.

Some trusted members here are already using trading bots and some also are selling by then. But as I said, a better to look someone can be trusted otherwise, you might waste your time for this and end up being scammed or have your trades alone.
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February 17, 2020, 06:33:21 PM
 #27

I could say trading bots can be helpful but not all the time. If we still have time to be in trading, better do it manually instead of letting bots work on us. A lot of trading bots that can be found online, some are legit and some also are totally shit. But if you have a trusted person that owns trading bots, you may have to try it but if there's no one...better not to do it.

Some trusted members here are already using trading bots and some also are selling by then. But as I said, a better to look someone can be trusted otherwise, you might waste your time for this and end up being scammed or have your trades alone.
Trading bots are good for high volatility markets. The background of the trading bots is the most important part. Even a shady trading bot might not affect you financially because trading bots usually work on the API keys and it depends on us whether we want to allow the authorized trading bot to perform withdrawals or no. There are some really reliable bots which are been working since years and there is no harm in buying their subscription and start using them. Those would make our works easier.

Manual trading is really good but it might not always be possible for us to manage our trades and hence trading bots are been introduced to make our work easier.
TheGreatPython
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February 17, 2020, 08:35:43 PM
 #28

Tradebots aren't really well suited as of the moment even if many people suggest they're really good for bullish markets. I've used GunBot once and it didn't work for me well. So it's really based on how you strategize your investment, if you use a powerful bot but at the same time is not inclined towards your investment stratedy you wouldn't get that much profits as compared to just trading using your own manpower. Bots still need supervision and unlike risk monitors most of them don't know what to do when there's a dump. It would still depend on you entirely if you wanted to use bots for trading but as much as you can refrain from using them.
Even the strategies trading bots would use depends on our input. We have to adjust few details before we could set the trading bot onto our exchange which might include setting up stop-loss, take-profit, trailing configuration, etc which might even make the bot earn profits in the bearish markets as well. Trading bots would only work the way we program them.

There needs some knowledge and TA before we could set the trading bots. I can see many people are just programming their bots and leaving everything onto those bots. In this situation, you would have to land up in loss. That bot is not god which can work on it's own without giving any inputs.
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February 28, 2020, 06:23:00 AM
 #29

Being a trader, using a trading bots is not really credible. In my own perspective, if we manually manage our trades in trading platform we can 100% assured that our assets are safe during trading, but if we use trading bots we can't handle our assets because the bots are just holding it and it has a ability to access our assets without knowing it. Some trading bots are just pretending that they are good to the clients but it has a hidden agenda to hacked or scammed your account

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February 28, 2020, 06:54:46 AM
 #30

It would be nice if there's a coded bot that runs whenever you click it to run and does not need to set some parameters. Yes, indeed they're splendid programs and convenient but only if you know the correct parameters and settings. Sometimes its pretty much hard to follow or use this bots. So i've tried creating one on my own but it was not that suprising cause the algorithm is simple. In the end, i went back on manual trading.

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February 28, 2020, 02:57:28 PM
 #31

Like, do they really 100% surely guaranteed profits as long as we go subscribe to their services? Just like for a 1-month subscription, how much around the estimated percentage(%) returns expected.
(....)
Bots are really just tools being used by traders themselves to automate some of the things they're doing in the first place. It's not some run-once-and-profit-forever thing.
Thanks and I agree. This should be kept in mind of those subscribers in every trading bots or even paid signals groups. As I saw some successful traders there, they are not mentioning any tradings bots. Although there are some people still using those kinds of trading bots.
But trading bots for me is not really advisable for the newbies or those people is starting to trade, learning from the scratch first is much better before using some automated tools.

I agree with that, newbies should focus more on the manual trading to practice not relying on those trading bot. The only importance of trading bot is to let you trade even when you're working with your job. You will just monitor it when you have a free time and let your trading bot manage your account. Also, you need to know the pros and cons of using crypto trading bot because the consequences of using it will reflect on the results and you are accountable for that. That's why most of the traders are recommending you to practice manual trading to completely and easily manipulate your money and your account.

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February 28, 2020, 03:45:15 PM
 #32

Like, do they really 100% surely guaranteed profits as long as we go subscribe to their services? Just like for a 1-month subscription, how much around the estimated percentage(%) returns expected.
(....)
Bots are really just tools being used by traders themselves to automate some of the things they're doing in the first place. It's not some run-once-and-profit-forever thing.
Thanks and I agree. This should be kept in mind of those subscribers in every trading bots or even paid signals groups. As I saw some successful traders there, they are not mentioning any tradings bots. Although there are some people still using those kinds of trading bots.
But trading bots for me is not really advisable for the newbies or those people is starting to trade, learning from the scratch first is much better before using some automated tools.

I agree with that, newbies should focus more on the manual trading to practice not relying on those trading bot. The only importance of trading bot is to let you trade even when you're working with your job. You will just monitor it when you have a free time and let your trading bot manage your account. Also, you need to know the pros and cons of using crypto trading bot because the consequences of using it will reflect on the results and you are accountable for that. That's why most of the traders are recommending you to practice manual trading to completely and easily manipulate your money and your account.
Automated trading bots is really not a good practice in trading because you are being dependent and i guarantee that you won't be able to have a successful trade. The only good side of using a trading bots is helping you to manage your time and money at the same time while you're away, but it is not profitable as you think it is, that is why as long you are a newbie you should already practicing yourself in manual trading.



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