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Author Topic: Do you use a trading Bot?  (Read 1464 times)
nydiacaskey01
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February 16, 2020, 05:59:08 AM
 #21

I use a trading bot, gun bot starter, it helps me to trade even when I am not infront of my pc as long as my pc is online, my bot will trade for me based on the settings that I entered. One thing that newbies need to understand about trading bots, its not a get rich quick machine. It will not select a coin for you. Is still you who needs to check which coin to buy and which coin to sell in your portfolio.
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February 16, 2020, 08:46:26 AM
 #22

Right now, I don't use bots because if I am using bots, I cannot learn how the market changes, and I cannot get something to improve my trading skills. I know that using the bot will help me to automate the trading process, but I cannot have a chance to get better skills. Besides that, if I use the bots, I will need to monitor the bots because the market will always move to somewhere that I cannot predict, and if the bots cannot be set correctly, then I will not make a profit.

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February 16, 2020, 12:13:57 PM
 #23

Right now, I don't use bots because if I am using bots, I cannot learn how the market changes, and I cannot get something to improve my trading skills. I know that using the bot will help me to automate the trading process, but I cannot have a chance to get better skills. Besides that, if I use the bots, I will need to monitor the bots because the market will always move to somewhere that I cannot predict, and if the bots cannot be set correctly, then I will not make a profit.
Trading bots can't really help you from improving your strategy because trading bots was only made to help you managing your time and your portfolio while you are away or don't have any time. Trading bots will not really help you to have a successful trade, that is why it is much better to trade manually because it will help you to enhance your skilss in trading for you to earn more profit.
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February 16, 2020, 01:38:49 PM
 #24

To be honest, a trading bot is not advisable to the beginners because they don't know how to play the market, it's better for them to have a manual execution of trading. Also, probably they will get hacked of trusting their exchange API to the third party bot.

But, if you are an expert on the market the trading bot is very useful for you. It allows you to place orders on your behalf by predefined and pre-programmed rules, so you don’t have to do it manually. It will analyze market actions such as when the buying or selling point needed. So, your execution that time will spend is to make faster and it will automatically be executed and generating profit even while you are sleep.

I also may advise avoiding using free bot service, there are high chances that they don't seem to be trusted.

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February 16, 2020, 03:27:49 PM
 #25

Personally, I don’t use trading bots because firstly, bots works based on what the programmer set it up and we already know that bitcoin can be very unpredictable and the factors affecting the price isn’t the same always and sometimes it’s a combination of factors. Secondly, bots cannot make changes on the trades right away unless if the creator changes it right away. However, bots can also be good for those who doesn’t have all the time in trading just make sure you chose the right and best bot for you.
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February 16, 2020, 04:21:11 PM
 #26

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?
Not really I use any trading bots but I past I used to have a few scripts which would execute orders for me, then with time I realized human intelligence cannot be neglected and since I have a lot of spare time, I usually never use bots. By the way talking of bots you may want to try gunthar's gunbot if I am not wrong it's pretty good I never used it though.

Mainly when in past I used bots, that was to buy BTC for a certain price and sell it when the price goes up, some people call it setting orders but I never set buy and sell orders instead I used bots to do that, but personally I suggest to do trading of your own.

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February 16, 2020, 04:31:00 PM
 #27

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?
Not really I use any trading bots but I past I used to have a few scripts which would execute orders for me, then with time I realized human intelligence cannot be neglected and since I have a lot of spare time, I usually never use bots. By the way talking of bots you may want to try gunthar's gunbot if I am not wrong it's pretty good I never used it though.

Mainly when in past I used bots, that was to buy BTC for a certain price and sell it when the price goes up, some people call it setting orders but I never set buy and sell orders instead I used bots to do that, but personally I suggest to do trading of your own.
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.



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February 16, 2020, 04:45:33 PM
 #28

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?
Not really I use any trading bots but I past I used to have a few scripts which would execute orders for me, then with time I realized human intelligence cannot be neglected and since I have a lot of spare time, I usually never use bots. By the way talking of bots you may want to try gunthar's gunbot if I am not wrong it's pretty good I never used it though.

Mainly when in past I used bots, that was to buy BTC for a certain price and sell it when the price goes up, some people call it setting orders but I never set buy and sell orders instead I used bots to do that, but personally I suggest to do trading of your own.
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.
AI been just created by human itself so i dont see that it would go far way more better compared on a human beings reasoning and other aspects.
Using trading bot isnt bad yet we know that we do love automation and all goes or depend on users choice on how he do wants for that bot to execute orders.
The only wrong into this one is that most people do really have that common perception towards bots that it can give out money to them without
doing much effort which is really very wrong.

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February 16, 2020, 04:53:54 PM
 #29

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.
With respect to currently available computing technologies, artificial intelligence will not be possible and what we have achieved so far is only machine learning. Based on sample data, machines may repeat a similar work and nothing more than that. Artificial intelligence is a term heavily misused in the place of machine learning.

Bots are at the bottom line just program codes and the efficiency of a bot is simply based on the coding of its programmer. I am not sure why people are risking their hard earned money by simply believing into some coder's strategy and plans. There will be no easy money in participial world and OP is looking for easy money thorough bot trading, it may end up in big lessons by paying big fee.

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February 17, 2020, 04:53:57 AM
 #30

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 on its own is a complex thing, why make it more complex with automation. Except you're the programmer of the bot, it's highly risky putting it up on your platform to do the trading for you. I know of someone who got a bot to trade for him but ended up losing money until he shut the bot out to save his capital. The bot would make him money then lose some. Make a few dollars then lose a huge one until he yanked it off his platform.

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February 17, 2020, 06:08:50 AM
 #31

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.
Please be careful for the words you use, I mean using bots for profits does not mean we are doing any sort of fraud because the same task that the bot is doing can also be done by us humans, the bot is doing nothing but making the process faster and easier for us. As humans we do make mistakes and to avoid such errors a lot of people use scripts/bots and you cannot really call them fraud.

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.  
Unless you are using a cheap code that's available on internet, you usually get no errors and problems with scripts and while I am not a big fan of scripts but I see no problem using some to avoid our errors either.
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February 17, 2020, 06:14:31 AM
 #32

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.
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February 17, 2020, 07:30:23 AM
 #33

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.
Trading bots or Artificial intelligence is good and it is made by the human for us to help and lessen are work in trading but the thing is it is just a programmable bot in which it will just do what the programmer says to do so, the fact that it is like that is kind of hard because if the market becomes so down then the bot will not decided on what it will doing unless the programmer design it as like that. Bots are just for those projects that has a high liquidity as like what you have said.



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February 17, 2020, 10:48:47 AM
 #34

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 was also always very curious to know how these people using Bot are doing, as I don't see anyone posting their profits and successes ... I suppose Bots don't make high profits. I got to read several threads about Bots but they all have one thing in common: I don't see people posting that they have high profits. That's why I prefer to trade personally

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.
Trading bots or Artificial intelligence is good and it is made by the human for us to help and lessen are work in trading but the thing is it is just a programmable bot in which it will just do what the programmer says to do so, the fact that it is like that is kind of hard because if the market becomes so down then the bot will not decided on what it will doing unless the programmer design it as like that. Bots are just for those projects that has a high liquidity as like what you have said.

this is the main disadvantage of Bot, at the end of the day Bot cannot replace people

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February 17, 2020, 01:57:43 PM
 #35

I dont use a trading bot , but i am learning to develop a strategy and get a bot developed since i am pretty new to trading bot there are many who develop trading bots but i want the bot to work on my strategy lot to learn , i think future bot trading will increase everyone wants more profits and wants to automate trading 
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February 17, 2020, 02:08:49 PM
 #36

I dont use a trading bot , but i am learning to develop a strategy and get a bot developed since i am pretty new to trading bot there are many who develop trading bots but i want the bot to work on my strategy lot to learn , i think future bot trading will increase everyone wants more profits and wants to automate trading 
Don't think it seriously bud, Bots have its own market program where it acts accordingly base of the signal that has been fed to it. If you are just started to learn to trade, it is better not to prioritize thinking of using Bots in the future but rather to consider first to understand that market flows and its behavior. You'll be there soon and could also realize how these trading bots could help you or to find its advantage and disadvantage. Then you can decide acquiring this or stick into manual trading.

Because most (possible) successful traders aren't using this thing. They become successful because they manage their trades on their own and not possible that you be like them if you are good at trading or this place is suited for you.

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February 17, 2020, 03:01:42 PM
 #37

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 never ever. Artificial intelligence is always risky and dangerous. For trading you have to field work and the more you will work here you will be gainer. If you want to be a successful man here trading you have to do field work in crypto exchanges and you will be gainer.

best of luck.
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February 17, 2020, 03:30:38 PM
 #38

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.

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February 17, 2020, 03:49:46 PM
 #39

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.  Grin if you really want to know how it works and comparison between some trading bot I will ask to visit and read carefully this thread, [Comparison; Tutorial; Profit; Settings] 💙 Trading bots and SUPPORT BOT 💙

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February 17, 2020, 04:28:16 PM
 #40

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.
Trading bots or Artificial intelligence is good and it is made by the human for us to help and lessen are work in trading but the thing is it is just a programmable bot in which it will just do what the programmer says to do so, the fact that it is like that is kind of hard because if the market becomes so down then the bot will not decided on what it will doing unless the programmer design it as like that. Bots are just for those projects that has a high liquidity as like what you have said.
Correct, this application helps people who understand the system. If you know how to program your bot and you have strong knowledge about
situational events from the market, it's giving you advantages not to fully use your whole time waiting for your position being executed, the bot
will work according to what you intend.

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