Do you use a trading Bot?

[wozzek23]

Unfortunately, I have not used any trading bot in the past because I did not think that I have to use a bot for trading or I need to use it. 

I believe that you must be fortunate for not using any bot for your trading. Because, we have not heard any trader sharing like they have became millionaire by using bots for their crypto trading. But, we have seen many people are sharing like they are using bots and there is no big improvement in their profit levels.

So, I believe it will be always good not to waste money in buying any bots for trading purposes.

[Baoo]

Possibly trading bot is profitable just for the short term and of course the opposite is true for a medium and long term, and it will certainly  disappoint you if you consider it as a main plan and to be honest I have never used it before, and I think the newbies should avoid it.
In additon to that, I only trust the old or traditional way for trading in crypto, but it may help in order to reach my goals but it is certain that without strategies you can't earn any significant profit due to that market is pretty unstable.

[wxxyrqa]

According to the reviews of many traders, not a very large number of users use the trading bot, and if someone resorts to the help of such software, then they will not use it for too long, because the results will still deteriorate over time.  I prefer to analyze the cryptocurrency market myself and the graphs of price fluctuations of the coins I have selected, in order not only to improve my income, but also to get much more experience from trading.  Nevertheless, my friends very often advise me to use the trading bot in parallel with their activities, so that the trading bot is engaged in certain assets without delay and delays that I can allow.

[beerlover]

Artificial intelligence can't really replace human intelligence because we are more precise and practical when it comes to trading that makes other traders don't trust these bots. Automated trading is really not the best option or solution for every traders because no one has become successful in trading from depending to it.

I realize that saying "artificial intelligence" makes the bots look cooler and I would honestly want something like that but what we are forgetting is that most of the "artificial intelligence" we talk about is basically machine learning, so they are not thinking to themselves and figuring stuff out in the way that a human does, we still give them some parameters and they change stuff according to what works and what doesn't work.

So, I would say they are still worthless when compared to human traders but at the same time not everyone can be good enough to be a full time trader, which means trading bots are good only if you do not have the time and if you are not a good enough of a trader to do it full time, so there is a niche amount they can be useful for.

[coinfinger]

I find it always risky using trading bots because sometimws, the market movement is so different that anything can happen as a result you may lose significant amount. That's why I like to trade mmanually.
Trading bots are good for project which have a strong liquidity and already an established project.

I do not really feel that trading bots are only good for projects/coins with strong liquidity. Trading bots works on the strategies we provide and we indeed need to make huge research about the strategies before we could set it onto the bot so the high volatility of price would only give us profits.

Setting up a trading bot would never make it easier for you if you make no research on the coin you invest. Several coins have the potential to move from the dip to the peak within few minutes considered on day trading so trading bot can easily make profits from such price movements as it might not always be possible for us to watch the graphs go up and down.

[Blue_oxen]

I find it always risky using trading bots because sometimws, the market movement is so different that anything can happen as a result you may lose significant amount. That's why I like to trade mmanually.
Trading bots are good for project which have a strong liquidity and already an established project.

I do not really feel that trading bots are only good for projects/coins with strong liquidity. Trading bots works on the strategies we provide and we indeed need to make huge research about the strategies before we could set it onto the bot so the high volatility of price would only give us profits.

Setting up a trading bot would never make it easier for you if you make no research on the coin you invest. Several coins have the potential to move from the dip to the peak within few minutes considered on day trading so trading bot can easily make profits from such price movements as it might not always be possible for us to watch the graphs go up and down.

I think using BOT during this time will help us to make very good profits but should only use 10% of assets to do this because you are not always lucky. In addition, this market is constantly volatile and it is not sure what will happen next so be careful when using it. Personally, I am using BOT but will only use it when the market enters a bull phase because it is the best time.

[carlisle1]

there is no need for me to use Bot because i don't really make Daytrading instead i am more on Holding so only one strategy,Stay strong ,trust Crypto and don't believe in FUD.

though i have some  friends who's having Bot in their trading activities .

What for using bot trading and how many percent get chance with profit in trading when using bot? if still the same I am look happy if using trading with manual and control by my self, if not worry have to make analyze when using bot trading.

because we need to trust our self more than we trust Bot or other people,because this is our money and we are the one who must care about it,but for those who has a lot of time in front of their computer and looking for extra profit so they are using Bot to at least manage their trading without them in most time.

[abel1337]

there is no need for me to use Bot because i don't really make Daytrading instead i am more on Holding so only one strategy,Stay strong ,trust Crypto and don't believe in FUD.

though i have some  friends who's having Bot in their trading activities .

because we need to trust our self more than we trust Bot or other people,because this is our money and we are the one who must care about it,but for those who has a lot of time in front of their computer and looking for extra profit so they are using Bot to at least manage their trading without them in most time.

Right, using your experience in trading is enough to win a trade, I personally think bot is a tool that will help you trade on different circumstances but I really don't recommend it since some bots have a fee attached to it. Gaining experience on every trade is a good earning not by just winning a trade, Winning or failing you will earn something from trading.

[Ailurophile]

I never used any trading bots but I think it would really help a lot specially for those who have limited time to watch the market.
I am planning to try it out in the future when I become more busy with my family and some business.
I don't really want to quit on crypto so I would just use bot when that time comes.

[John404]

Not yet. Trading bot is totally a new chapter for me as i am a beginner.

[bitgolden]

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?

Trading bots are usually made to lessen the physical work of continuously speculating the graphs as the bot we set onto the exchange would do this work on our behalf. Trading bots make work easier and hence most of the active traders prefer using trading bots. Now, it entirely depends on you about which trading bot you would like to select.

There are a number of trading bots which have different pricing, various features, etc. Depending on your requirement you can choose a reliable trading bot. I prefer using telegram trading bots like cornix as it is much easier to access and I can place any orders within fraction of time so it gets reliable for me. You should try to find your own reason behind using the bots and choose a bot accordingly.

[Shasha80]

I actually used a trading bot several times, but ended in failure. Sometimes in my opinion between trial and use the premium
results like different. I don't know if anyone else is experiencing the same thing. That is definitely trading bot not really automatic,
we have to do the settings first. So the danger is when the market suddenly changes the bot to do mistakes that made my capital
run out. Since then I decided to do manual, because trading manual much better in my opinion.

[Tapoleon]

Hello,

I am new member of this forum. I do have extensive experience trading cryptos with bots. I would personally definitely recommend automatizing your trading with bots eventually. For me trading bots have several advantages:
They trade 24/7
Don't have emotions
Bots react faster
You can customize them to resemble your manual trading very closely
You can use special tools to backtest and figure out how it would have performed in the past.
And in the end, the crypto market is extremely volatile, which is something you have to be very careful with. With trading bots you can account for this volatility and take advantage of it.

You do have to monitor the bots in case something unexpected happens, but for me personally the pros outweigh the cons.

[bhabygrim]

Nope, I never used it I believe on my own skills and strategy.
And I want to keep it that way besides one simple mistake from setting it up could actually ruined your balance so I would rather do it myself to enjoy it than to let the bot'sdo the job.

[tradingedge]

I developed my own trading bot and it has been running for around a year. The result is not bad so far. I am also publishing all the trading activities of the bot to https://twitter.com/coinfather_bot .

I also developed another crypto trading support app call Trading Edge (https://www.gettradingedge.com/). Trading Edge notify you whenever the rules that you set occurs, like "ETH/BTC pair formed a Bullish Engulfing candlestick pattern at EMA 100 key level". Create simple rules that monitor the market in real-time and notify you when conditions are met. I believe that by trading through strict conditions, discipline and opportunities will ultimately bridge the gap between how professional traders trade and us retail traders.

Please give it a try and let me know what you guys think.

[Driggers95]

Unfortunately, I have not used any trading bot in the past because I did not think that I have to use a bot for trading or I need to use it. 

I believe that you must be fortunate for not using any bot for your trading. Because, we have not heard any trader sharing like they have became millionaire by using bots for their crypto trading. But, we have seen many people are sharing like they are using bots and there is no big improvement in their profit levels.

So, I believe it will be always good not to waste money in buying any bots for trading purposes.

Indeed, I have never used bots for trading, but my general impression of bots is the information that people often provide as bots don't work effectively, written algorithms seem to fail often and create inaccurate directions, perhaps the groups of whales that manage this market could disrupt these intellect. So in the face of the trading market, we need to use our intelligence to predict the manipulation of others, bots are just pre-installed parameters, they can't cope as flexibly as we do

[sulendra12]

I don't use and won't use trading bot anytime later. I feel like by using trading bot is just ruining the challenge and you don't get any experience by doing that because it's automatically done by the system. Although, people are fine with it because it's easy to use but I think you can't have full control to the market and you might miss something that have been missed by the trading bot system.

[4IRIK]

1. Watch your bot
To successfully trade using the bot, it needs to be managed. It is necessary to regularly check its activity: how well it works in a specific market situation. Keep track of your trading pairs, analyze charts and check the news from the world of cryptocurrencies so as not to lose your investment.

2. Limit risk

Define a limit: the amount you are not ready to lose more. To do this, you can create a separate account for the trading bot on the exchange

3. Beware of scammers

Examine the bot information before using it. Check how long it has been on the market and what reviews it leaves. This can help avoid fraud and protect your money.

Never trust bots that promise you income after depositing cryptocurrency into their “smart contract”. Real bots should only work through your account on the well-known cryptocurrency exchange. You should see all the deals and applications of your bot. The bot cannot independently withdraw money from your account. Permission to execute transactions should always come from you - through the chosen trading strategy.

Top 5 bots 2020:
- cryptohopper
- gunbot
- 3commas
- Haasbot
- Cap.Club

4. Automate your statistics and risks.

Always be aware of what is happening on your account. Install the tracker application to track all the information on trades and analyze them. Set several types of risks and set the function of special notifications that come to you in case of reaching the risk limit.

Software example:
https://www.bitinsure.com/

Trading bots can save time, speed up trading activity and help make a profit. However, you can not leave the bot unattended - they need to be used consciously. It must be remembered that the bot is not a trader. Only a person decides which strategy to use, as well as what and how to trade.

[hahay]

I not use trading bot because it is very difficult to find bot for trading, I want to try to distinguish which is the best between trading bots and manual trading

There are many offers for trading bots and that is not a difficult thing to get if you have money, and how can you distinguish between manual and bot trading because even you don't use trading bots and also you are hard to get them. Something that is not trusted when you want to do an experiment but you don't even know the initial steps that must be done.

[asyakashi]

I not use trading bot because it is very difficult to find bot for trading, I want to try to distinguish which is the best between trading bots and manual trading

Actually it is not a big problem. I never used a bot because I had to pay. some bots must be rented and for me it is a bad thing to trade.
I prefer the manual.