Do you use a trading Bot?

[Lakshman15]

Using Bots for trading is not good idea. Hear we don't learn anything but hear we get profits some times losses some times.

In opinion don't use bots for trading. Join some groups which share their genuine experience in trading. Ask your friends which is good choice, how to do trading like those. Those helps a lot.

[lienfaye]

Trading bot is quite popular but I dont use it. I prefer to do everything manually and besides if you want to learn on your own its not advisable to rely on bots.

But I know someone who created a trading bot to help other traders especially those who dont have time to monitor their trades. They say it is helpful but have not tried it yet.

[mbakruroh]

And it is profitable for you?

The answer is no and never happen, only first time and ending with lost. I can't tell what bot I use just one advice " leave " the bot and doing trade like normal trader. Bot look's amazing, we only need to set and relax wait the result. The negative is bot make us lazy to think and have slow respond about fundamental, most bot use technical data. Weekend is bad time for bot and I'm sure all BTT members will give same advice like me.

[Hypnosis00]

Please don't bother your self just to acquire and have a plan to use bots for trading. And I don't think that expert will do as well knowing the fact that trading bots couldn't have a good result compared to doing it manually. The good thing about manual trading is that you are developing your self into a better one and become knowledgeable about the market and knows exactly what it the future of your trading journey.

[alexsandria]

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 am not using trading bots whenever I am trading because I believe that human force can be more efficient than the trading bots or Artificial intelligence. This bots are just designed to help the people in so many terns not to just let the bots cover all the work that you need to, so I prefer to trade by myself and not using trading bots although it is kind of hard to trade by myself I assured that it is my decision to trade unlike on the trading bots that on what you have been program on the bots that will be just the one they will do.

[michellee]

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

It is not difficult to find the bot, you can find in here, and you can get some good bot to use. But still, when you use the bot, you need to know how to run the bot so you can make a profit, but you need to spend more time to set the bot so the bot can run with the market movements. Personally, I prefer to use manual trading because that will help you to learn many methods of trading, and you can improve your skills by learning the lesson, and you will get more information that is happening from the market.

[jhonjhon]

Using Bots for trading is not good idea. Hear we don't learn anything but hear we get profits some times losses some times.

In opinion don't use bots for trading. Join some groups which share their genuine experience in trading. Ask your friends which is good choice, how to do trading like those. Those helps a lot.

Instead of learning anything it will only make you more confused about how to trade. Personally, I prefer learning trading on your own and don't rely on bots because they only work on what was programmed on them unlike if you learn it on your own you can trade with confidence and ease and the same time you can always change your strategy base on what the situation is. Bots can be good if your busy and you don't have time to trade but trading needs time and it pays to trade using your own judgment.

[ScamViruS]

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 didn't use any trading bot. I always like to do manual trade. As a result I have been able to improve my trading skills. Which will give me good results in the future. To trade with a trading bot, you must first need a good idea about the trading bot. Otherwise, the result could be worse.

[justdimin]

Yeah, you can find many many bots here but nobody really knows which one is the best. I have tried multiple ones including the most famous ones and I can tell you that all of them are literally the same thing. They just take the TA you give them and trade according to that, simple as that. Does that work? Sometimes, but it is not like some sort of financial wizard that you put in money and get out richer, people get in like that and that is not the deal AT ALL.

You just give the bot your TA that you want to buy and sell with and that both goes through tens of coins that you picked and scans it until it is perfect time to buy and perfect time to sell and keeps doing that. If your TA is wrong then the bot will lose money instead of profit, so there is still always a risk with all trading bots.

[Zemomtum]

I am still using the traditional way to trade despite my awareness of several bots that are available. Most time, you need to get the configuration right before you can make profit. I believe in doing my own analysis and base my trades on these.

[4IRIK]

Hi mate!
I do use trading bots (tbh I tried really many bots)

They can earn money indeed, BUT
They become ineffective one day due to several reasons (like market state or other bot etc)

That is why I use software to control these bots.

Idk if there are many controlling software but for me Bitinsure (Insurance for your Digital Assets (https://www.bitinsure.com/)) application (mobile+web)) works excellent. It is software that improves trading with 2 major functions: automated cloud risk management and real-time statistics metrics.

**Risk management **limits and controls your losses (several trading limits and sends you an alert when one of the limits that you configured is reached. This way you build a sophisticated trading system and keep in control of your funds. You stop unwanted losses and earn more with less time spent.
**The automated statistics** of your trades that can be used for the analysis or hedge fund presentation (if you give money under management). The statistics is recorded in real-time, so you can easily analyze the indices needed in a convenient form and spend your personal time on what really matters for you.
I trade futures on Bitmex, so, it’s really helpful for me! I started earning in a stable way and do not worry about losses. Bitinsure does it for me.

Thus, I use trading bots and controlling software. The results are quite impressive.

Good luck!

[4Bulls]

One of the most effective trading bots if Fibonacci bot. This is the algorithm designed to automate trading betweenFibonacci levels (i.e. Martingale strategy). This and the other effective trading instruments can be found on 4Bulls platform, for example. Catch the promocode INCOME for 25% discount!

[XCANA]

NO!. Actually doing trade as a human makes me feel am in charge and some sort of inexperience bots with programs for execution. As human taking the right decision on trade make me feel that: am doing the right thing no matter the end result from the trade and so far, I have been enjoining doing my trade without any assistance from any artificial intelligent machine. Being in charge give me the full confidence that am not wrong but on focus.

[jhonjhon]

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.

Well, not all bots are bad maybe you’ve rented bots from the worst programmers but there are some that works quite well but being a bot it does not have the ability to adjust accurately base on the current situation because it will only work based on what was programmed. Manual trading is way better because you can make adjustment right on the spot though manual trading takes time you may need to spend hours analyzing it and also learning it.

[conected]

NO!. Actually doing trade as a human makes me feel am in charge and some sort of inexperience bots with programs for execution. As human taking the right decision on trade make me feel that: am doing the right thing no matter the end result from the trade and so far, I have been enjoining doing my trade without any assistance from any artificial intelligent machine. Being in charge give me the full confidence that am not wrong but on focus.

- Yes, when we rely on our own skills and experience, the confident attitude and the calculation of risks are always in our minds, there is very little confusion with different situations when everything has a plan to prevent and can handle immediately, except for these benefits, perhaps knowledge enhancement is what we get the most, so most people refuse to use bots. There may be some very good and useful bots for the market but the support from machines and programs is limited, no agility and quick handling like humans

[Assface16678]

NO!. Actually doing trade as a human makes me feel am in charge and some sort of inexperience bots with programs for execution. As human taking the right decision on trade make me feel that: am doing the right thing no matter the end result from the trade and so far, I have been enjoining doing my trade without any assistance from any artificial intelligent machine. Being in charge give me the full confidence that am not wrong but on focus.

The same with you because most of the time I spend all of my free time for having a lot of research and study well for my trading and all of the transactions I made because I'm confident to get a profit and does not regret having mistake because it is better if we made decisions that reflect to the skills we have. Sometimes we have fault by that we can earn more experience and avoid that to the next encounters. Also, we cannot always rely on the bots because some of them has an algorithm that can predict the process of the transaction but still the developer or creator has the opportunity to make some manipulate to the bots still we need to mind it, always trust your self and believe on the things you earn and you can do.

[Freddy11]

No, I always prefer trading with manual approach. If we do that well then we will be moving to right position. I am working with FreshForex, and that makes manual trading even better to do with the low spreads, fast execution of trades and much more.

[bitgolden]

No, I always prefer trading with manual approach. If we do that well then we will be moving to right position. I am working with FreshForex, and that makes manual trading even better to do with the low spreads, fast execution of trades and much more.

Even I prefer manual trading. Bots might not always spot a exact entry and exit points and if ever we configure a bot to make automated trades with some fixed percentage of profits than most of the times we might end up in loss only because the bots would perform buy or sell orders at the wrong point. Humans can make a exact analysis depending on the current market conditions which might not always be possible for a bot to perform.

Moreover most of the times, the markets depends on the fundamental analysis as per we saw with the current market conditions and in these conditions the bots would have made you bankrupt by buying when the price started dumping as most of the bots feel this as an appropriate point to enter the markets.

[TheGreatPython]

No, I always prefer trading with manual approach. If we do that well then we will be moving to right position. I am working with FreshForex, and that makes manual trading even better to do with the low spreads, fast execution of trades and much more.

But at certain point in trading we all require scripts and bots which can facilitate the tasks we are doing manually, I give you an example suppose you are a price trader and you make a purchase whenever price does by 1% and sell off once the price goes up by 1% then you may easily automate this and relax and spend your time on learning more about trading and charts.

I mean bots are there to make human tasks easier and not to replace humans at all, I mean it is us who will enter data into bots so they only make decisions based on that and hence I personally believe that yeah not initially but at some point in trading you always require a bot that can automate the process as much as possible with the trader only putting basic data and inputs.

[Spaffin]

Undoubtedly, any professional trader who has a certain work experience will trade in manual mode without using a trading bot.  It seems to me that to a greater extent trading bots are used only by those who do not have enough time for this activity or who have a small reserve of experience.  I am just starting to learn how to trade and I still have to learn a lot of information before I get good results from my activities.  But the most difficult part of the job is a productive market analysis, which is very difficult for a beginner.  And if the software of the Trading Bot is really capable of showing results, then the trading bot will make this analysis much better than any beginner.