Do you use a trading Bot?

[Spaffin]

I don't use bots when trading, I think trading is a very niggling thing, so i lost a lot of money as a result of writing the wrong number once, so I try to be very careful. Using bots is dangerous because it means giving all authority to the bots.

Bots are a pretty dangerous thing. You need to either buy a really working bot for a very expensive price without any guarantees,
or write a similar bot yourself, which not everyone can do, and there are no guarantees either. Better to find a mentor and pay him money for training than relying on bots.

It seems to me that a trading bot can bring certain benefits to traders who do not have specific experience in trading, because even making an analysis requires certain knowledge and experience, which of course is not new to beginners.  And if you use a trading bot, the software of which should not be in doubt, then in this case for a beginner, trading will look much easier.  Although I personally am not a supporter of the use of trading bots, because I myself try to learn all that is needed.

[cassavachips]

I suggest not to trade bot because this is something that I think is ridiculous and only detrimental. Usually, new traders will be interested in this way because they think they will get profits easily but the reality is reversed. Trading bot will also adversely affect the market.

[BitcoinTurk]

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

I do not use it actively and I do not recommend its use, but if I want to use it, I would like to say a few words about my own experiences. Many of my transactions were reflected as loss during the periods when I used a trading bot because a large part of the transactions were faulty buying and selling. I have also made purchases from the peak point many times, especially because software with volume tracking feature usually performs purchases when the volume increases. On the other hand, in case of a possible mistake, I think it is useful to remind you that the accounts using the trading bot made erroneous transactions.

[DeadCoin]

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

I do not use it actively and I do not recommend its use, but if I want to use it, I would like to say a few words about my own experiences.

Yeah, that is right if the user is newbie it is not recommended to use trading bot. Using a trading bot is very crucial because you don't know either how to set it in the right position of buying and selling point you might get lose. But once you have ore experienced I think it is easy for you to recognized and analyze the market price. Once you are a newbie I can suggest using an Etoro trading platform because they have a kind of feature that newbie allows copy-pasting the high earner profile's work.

[Becky666]

Ehhhh, am not a fan of trading bots because I want it real and original than artificial. Having full control on my trade make me feel comfortable and less worries compare to when you hand over all the responsibility to an inactive and autopilot not.

Some few years back I had some good friends who were actually using paid bot and would run to me for help in trading. This I see for the years we being together that made me disliked the using of bot but doing the trading myself. This had earned me enough in the my career in trade. 

[Andrew Parker]

No, I have serious dislike for trading bots. I believe it’s so much better to do manually and I do just that. It’s easier with broker like FreshForex broker. They are truly amazing with their low spreads, high leverage, smooth trading platform and there is 101% Tradable Deposit Bonus, so that makes manual trading super cool.

[sulendra12]

Do you use a trading bot and what's your favorite trading bot?

No and I won't. By using bot you are losing something called experience and accomplishment when you get something big than using bot where almost everything is handled by bot and when the bot does the mistakes then you can't blame someone because of your loss but you :p

Also what type of strategies you use with the bot? And it is profitable for you?

I can't talk about that because I don't use bot.

[rexxarofmoknathal]

Like many people on here, I do not use a bot as I don't trust their level of precision. I am always to decide when to sell or buy and because the market can be so volatile it's very difficult to rely on the bot to to the trading for me knowing that the little fluctuation could become large profits/losses within minutes.

[Basel636ghazal]

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

No, I will not use it, it is not safe
If someone hacked the bot  he can place orders to buy and sell

[FanEagle]

I suggest not to trade bot because this is something that I think is ridiculous and only detrimental. Usually, new traders will be interested in this way because they think they will get profits easily but the reality is reversed. Trading bot will also adversely affect the market.

There are online bots and there are offline bots, if you are scared of using online bots, you can certainly use offline bots as well and they are quite safe, usually too safe.

Offline bots are the ones you download to your own computer, cut of all online connection if you want while setting it up because you can check the inside of it and it is notifying absolutely nobody, it is just a software on your computer, you can give every single information about you in there and nobody could reach it because nobody gets any info out of it. Then you can write your api information into it and connect to the exchange, no middleman, no extra layers, just you and exchange, which afterwards bot starts to work. Not saying you will make money or lose money, just explaining the benefits of an offline bot.

[Not_A_Rocket_Scientist]

Guys, check out my blog if you want to see field-tested results with paid packages.

Today I have launched Cryptohopper bot and also have tested Bitsgap, TradeSanta and Quadency.

Hope that this information will help you to make a decision which bot service to try.

[spike420211]

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

No, I will not use it, it is not safe
If someone hacked the bot  he can place orders to buy and sell

As a rule, it’s not the bot itself that is hacked, but the API keys from the exchange, thanks to which the bot gets account management.
The security of these keys depends on both the user and the security of the exchange. Depending on the access level of the keys, different things can happen, not just buy-sell.

[asyakashi]

If there is a bot for latoken trading I need it. I want to try to use bots after various methods do not benefit.
I want to try with a small exchange like Latoken.

[kakonhat]

No, Never. I don't use trading bot at all because bot doesn't have personal memory to give you profit. . Bot only can do which you say to do.
However, the main problem to use bot is you can't lear trading in your life because your are depending on your bot. If would like to be a professional trader then you must trade yourself.

[daneal stev]

Since joining the crypto world and trading field, I have never used to use any trading bot, and I never think of using trading bots, I prefer to carry out trading operations manually because I think that trading manually is much better than trading using bots

[barbara44]

No, Never. I don't use trading bot at all because bot doesn't have personal memory to give you profit. . Bot only can do which you say to do.
However, the main problem to use bot is you can't lear trading in your life because your are depending on your bot. If would like to be a professional trader then you must trade yourself.

That is not true actually.

You say if you are using bots then you can't learn? That is rubbish I am sorry to say because advancement in trading or any aspect require minimal manual work and the ideal stage is when humans only use their brains and bot automate their actions.

if you are setting data into bots and they are just helping you do the trades then what is wrong with it? You are the one ultimately who sets the data like when to make sell and buy orders and what stop loss to set so there is no way using bots take away your intelligence.

Consider an example you travel with cars does that means we are taken away from the freedom of walking? No, if something saves time than just use it for saving time and energy and use it for further advancement.

[asyakashi]

If there is a bot for latoken trading I need it. I want to try to use bots after various methods do not benefit.
I want to try with a small exchange like Latoken.

It seems to me that Latoken is not the best place to connect the bot.
And what's the difference? It is important that the bot is not mistaken, that the exchange itself works without lags, that the bot does not do bad things.

And even more important, your API keys are safe.
In addition, on large exchanges there will always be volume for the coin of your choice.

I prefer trading in Latoken, easy to predict even though the profits are not large.
I am not very familiar with bot rules, but sometimes I see some users using it.
I think this should be learned again. thanks for the advice

[beerlover]

I would say one important part of trade bots that if you are using online ones, you are putting all of your money in danger. Not because the bot company will steal your money, they are making tons of money thanks to you anyway and they do not need to steal anything, this is a very lucrative business that earns people millions of dollars so no need to scam people.

However, it is quite risky because people would want to hack that centralized location and if they achieve it they will manage to take a control of everyone's money and they could pump and dump any coin they want (hard to withdraw them) and take your money away that way. This is why I would say that its crucially important you pick bots that you have to download to your own computer and install it to make it work.

[btc78]

Usually,one of the unique style on trading is dedication.practically you need to learn how it works for you whereas it is basically used for someone who believes that nothing is impossible.So trading bot is a part of your fixed assets combination with some category because you need to take over about the right thing to sustain.

What is dedication strategy?is that the same as what we called Holding?

when you Buy a coin and support this all the way even what form if created in a certain time.

It can grow tomorrow or fall today but the important thing here is that at least we are able to keep the Holding for that specific time that we think our coin will Pump soon.

[Shimmiry]

I never used any trading bot because I do not understand it's algorithm. Most of the bots that I've watched losts about almost 50% of the trade. If that will just be the case, I'll just trade with myself.
Recently, I encountered a trading bot called Bitcoin Revolution, you need to deposit atleast 250USD there. And you can start the bot to trade for you. There are a lot of testaments, they are saying that it is legitimate and they are profiting about 1000USD everyday.