Do you use a trading Bot?

[coincodecap.com]

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?

[Jating]

No, I haven't used trading bot, it's not that I don't want to, but I still prefer the old and traditional way.

Besides, I understand that if order for someone to really take advantage of a bit, you should be at least an intermediate in trading. Because there are a lot of settings and parameters in a bot, if you are newbie you might get confused. And instead of making money, you will loss it because of bad settings, just saying.

But I'm sure there are plenty of us here who uses bot, and there are different bots around so it will be hard to let us know what strategy they are using.

[el kaka22]

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?

It would be a dream of most new people to make money in trading by using bots but unfortunately you need to learn few bitter facts before continuing your dream of easy profits. There are many bots on markets and there are lot of people from this community using those bots but none of them proving themselves a threat to the fame of  Warren Buffet, a billionaire who made most of his money from stock trading and investments. I mean to say like manual trading, bots also may book profits or losses just a market volatility dependent but with manual trading, everything will be within your control at least.

I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots.

[Kurokonobasuke]

It is not good when we use a trading bot because we don't monitor it.

As a newbie in trading. No, I didn't want to use any bot's especially in trading because for me being a good trader doesn't use any bot or any kind of fraud to surpass others and earned more money in trading. So that I didn't want to use a bot, I want to use my own brain and some techniques that I know and will help me to earned in trading.
Using trading bot is not a quite sure that it wouldn't have any errors instead of doing a manual trading and maybe results to loss of money if it encounter an error while trading.  
 

[GreatArkansas]

It is not good when we use a trading bot because we don't monitor it.
(...)

That is one of the main purposes of trading bot.
But there are also some disadvantages of using trading bots, just like you really don't know why bot is executing those trades unless you set some methods for your bot, I already saw some bot like that.
And if you are a newbie just what you said, it's really not advisable to use trading bots just what you said, learn first how to trade before using those.

[leonix007]

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?

It would be a dream of most new people to make money in trading by using bots but unfortunately you need to learn few bitter facts before continuing your dream of easy profits. There are many bots on markets and there are lot of people from this community using those bots but none of them proving themselves a threat to the fame of  Warren Buffet, a billionaire who made most of his money from stock trading and investments. I mean to say like manual trading, bots also may book profits or losses just a market volatility dependent but with manual trading, everything will be within your control at least.

I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots.

The conclusions make a good point, I am considering a bot use and looking success rate references

Though the door is not yet closed, I'll just stick for manual trading for the meantime

Agree on the easy money dreams, get your hands dirty instead

[alani123]

Trading bots tend to disappoint in the long rum. It's like gambling for the most part. They can provide a small prpfit or a huge loss. They don't really have a proven predictive ability. Most just provide the toolset needed for users to develop their own 'config', which is just another way of saying "you pay us so you can get the liability while losing money".

[CryptopreneurBrainboss]

As a newbie, it's highly discourage, trading isn't that hard as people make it look. Basically all you're doing involves buying a coin at price A and later selling that coin at price B, how hard can that be?. Where you might encounter some difficulties is in predicting when is best to buy and when it's best to sell and that's when educating & equipping yourself with the necessary skills and information to predict the market comes in handy.

Relying on bots isn't any different from giving your funds to some random stranger on the web to trade for you just because few testimony has shown engaging yourself with such trader (and in this case, BOT) has been successful. The risk (disadvantage) is much more than the advantage of patronizing them.

Like others have said, learn the process, it's more enjoyable and beneficiary than patronizing any bots. Personally, I haven't traded with any bot although I'm not saying they're totally wrong or scam but majority are since the space is unregulated.

[perla]

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 manual trader because i can't get good setting for bot, my friend said that "you must  create your own setting" so until now i prefer to use manual trade. And i think with manual trade i am not rely my investment in bot and only to myself.

[AniviaBtc]

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 manual trader because i can't get good setting for bot, my friend said that "you must  create your own setting" so until now i prefer to use manual trade. And i think with manual trade i am not rely my investment in bot and only to myself.

Did you have a circumstances where you're busy at work, doing your profession and you don't have time doing trading? It is hard to trade and at the same time working with your profession, that's why some people prefer to use trading bot and their feedback about using it is always good. Although it is hard to manipulate your account without bot, trading bot is always there and willing to help you anytime you want to trade, no matter what ot when. If you're busy, just use trading bot and input the strategies you want so you don't encounter any hard time using it.

[beerlover]

To be perfectly candid, I would like to say that trading bots are a big risk to everyone who uses them and also at the same time people everywhere who want to trade themselves. It is a great thing that they are so easy nowadays that even a 10 year old can install and use it, however that doesn't change the fact that bitcoin is a marvelous but unpredictable thing that people can't really know what will happen, so whatever the bot does is the thing you tell it to do and since you can't possibly know what to do, your bot won't know what to do neither.

No bot in the history of mankind worked as in "put money on your account and click start, collect profits", that is not possible and will never be because different markets require different algo and that is where human intervention is needed.

[bitbunnny]

Honestly, I don't trust trading bots. To my opinion they can't help you in some significant way because I don't believe they can't replace human thinking and decision making as well as fast adaption to new situation in the market. You will not make profit just because you will use bots, that is for sure.
It's your decision to use bots or not but at the end you will probably be disappointed.

[dunfida]

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 manual trader because i can't get good setting for bot, my friend said that "you must  create your own setting" so until now i prefer to use manual trade. And i think with manual trade i am not rely my investment in bot and only to myself.

It isnt really bad to make use of bots for sometime specially if you are away from keyboard because not all the times we've been facing our monitor all day unless
if you are an active trader then its considerable but using bot does really help on some cases but totally not ideal if you rely on it.

Sometimes ive been using bot when im away or on transit.Settings would really vary or depend on the user because if you dont know on what you are doing
then pretty sure you would burn your entire balance.

[princerepon]

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 don't use trading bot or i haven't any favorite one. And i don't recommend anyone to trade with bot because it's always risky for your asset. I think always monitor/trade personally your asset is the best idea. May be you can earn some profit in first time but end of the day you'll risk your asset. If you really want profit from trading then you should be learn How it works.

[4IRIK]

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/

[rajsimran]

No,I don't use trading bot because I am afraid of trading bots.I saw many posts there so many trader claimed that trading bot is shit ( maybe some are good I don't know).They losts there money because of trading bots.After reading so many bad reviews I don't use trading bot's and recommend peoples for using trading bots.Try to trade manually.

[TheGreatPython]

Trading bots tend to disappoint in the long rum. It's like gambling for the most part. They can provide a small prpfit or a huge loss. They don't really have a proven predictive ability. Most just provide the toolset needed for users to develop their own 'config', which is just another way of saying "you pay us so you can get the liability while losing money".

I don't think how gambling can be considered as trading when using bots for trading, because the bot is doing nothing but creating buy and sell orders on exchanges and for gambling the bot just goes against a house edge so doesn't make sense to me.

learn the process, it's more enjoyable and beneficiary than patronizing any bots. Personally, I haven't traded with any bot although I'm not saying they're totally wrong or scam but majority are since the space is unregulated.

Well I sort of agree with you but then once you have learned the art of trading then actually it's best to use bots and automated scripts, I mean if you cannot make your business on auto-pilot mode then it's not worth investing time in it.

I see bots as time saving units that would do nothing but save time as we enter data in the bot so it's obvious the bot is not gonna make decisions of its own.

[maydna]

No, I don't use bots for trading because I feel it is not easy to always stay in front of the computer to monitor the bot run even if we already set the parameter related to the current market. Sometimes, we need to adjust the bots because the market is moving up or down, and we cannot always use the same strategies. Besides that, we need to know how to make a fast adjustment with the movement of the market because if we are late to set the new parameter, we will be late to do something, and that can make us get lost.

But using the bot will help us to automate the trading process, and if the market does not move too fast or too slow, then we can do another thing while we can back to monitor the bots. But still, I prefer to do manual trading because I can enter the market if I see there is a chance for me to buy or sell the coin.

[xvids]

I never used bots before I like to do it manually I like to keep my eye on my money.
I don't want to rely on bots I want to learn from my experience.
We could learn more things and enhance our skills by doing it manually.

[SquallLeonhart]

I have used few bots but concluded I am the best compared to them so now doing only manual trading. Honestly, now a day I am making less losses and more profits than what I booked with bots.

You are the best? Hmmm nice to hear. How much time you are taking for your trading on regular basis. If you find time to share about your strategies and other plans that would be a big help for his community. Many trading aspirants here including me, are deliberately looking to find methods for profitable trading, when we are finding anything fruitful, we are slowly moving to bots.

Few bots are good in my experience but you need to watch them time to time to modify the parameters according to market fluctuations. Some other bots need your approval for entering a position and this way you may minimize your losses. But, people are looking for fully automated way of trading but in my experience, hybrid trading bots are somewhat profitable.