Do you use a trading Bot?

[AakZaki]

I have never used a bot.  because to several considerations.

• I once knew my friend was using a bot but he still suffered a loss.
• Setting the bot itself is also difficult.
• And requires paying rent to run the bot.

So from there I think and weigh, before just entering we have to pay rent for the bot.  if the entry is wrong and loses naturally it will be a double loss.

As long as using a bot there is no guarantee of loss, I prefer using the manual.

[Nawrod]

Personally I don't use trading bots, I only trust myself. Trading bots are pretty various, some of them are not effective at all... Being a great trader means not using bots in my opinion. So, I don't like and don't use trading bots. But, I like trading tools like for example Galaxy Score available on CoinDeal, some of them are pretty useful.

[Subbir]

Personally I don't use trading bots, I only trust myself. Trading bots are pretty various, some of them are not effective at all... Being a great trader means not using bots in my opinion. So, I don't like and don't use trading bots. But, I like trading tools like for example Galaxy Score available on CoinDeal, some of them are pretty useful.

I accept as true with you i do not usually use bots for trading because i feel handling bots seems more likely to harm Because the bot will usually do the maximum amount as you teach it'll not do anything beyond that and if we trade ourselves  we will analyze the profit by analyzing different places.

[geegaw]

I have never used a bot.  because to several considerations.

• I once knew my friend was using a bot but he still suffered a loss.
• Setting the bot itself is also difficult.
• And requires paying rent to run the bot.

So from there I think and weigh, before just entering we have to pay rent for the bot.  if the entry is wrong and loses naturally it will be a double loss.

As long as using a bot there is no guarantee of loss, I prefer using the manual.

The story you've heard is the story of the past, bots really hard to set indicators with amateur skills, plus the inexperience of investors and traders, the opportunity to profitably and perfectly manage our capital is not high, the rent is even quite expensive compared to what it can provide. But let's ignore that sad past, so many signal bots can provide us with relatively accurate indicators for the period right now, the price is not too high and the support seems to be permanent, we can consider using it if possible

[Twentyonepaylots]

Personally I don't use trading bots, I only trust myself. Trading bots are pretty various, some of them are not effective at all... Being a great trader means not using bots in my opinion. So, I don't like and don't use trading bots. But, I like trading tools like for example Galaxy Score available on CoinDeal, some of them are pretty useful.

I accept as true with you i do not usually use bots for trading because i feel handling bots seems more likely to harm Because the bot will usually do the maximum amount as you teach it'll not do anything beyond that and if we trade ourselves  we will analyze the profit by analyzing different places.

Not a bot fan but it will just do as what you set and will not go beyond because it is a robot not an AI. If we could just integrate the AI for trading now then everyone would be neutral, no one will win nor lose. But the thing is AI in todays world is on its early stage, I'm even afraid if we achieve to unlock the full phase of it, maybe it'll doomed us. For me it is still better to trade on your own, aside from you're learning from it you also have the decision and in trading there is no perfect plan everyone should have a turning point when everything does hurt, this is what the bots are incapable of.

[hahay]

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.

Not so, because even those who make trading bots at least they are professional traders, with the experience and knowledge they have, they are able to make this software to help those who don't have much time to trade and also, for those who don't have experience and skills choosing to use a trading bot is the right choice if they have money to spend. That way, there is no guarantee that those who become professional traders do not use trading bots, because using a bot or not is an option and all traders can use it, including professional traders.

[sheenshane]

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.

Not so, because even those who make trading bots at least they are professional traders, with the experience and knowledge they have, they are able to make this software to help those who don't have much time to trade and also, for those who don't have experience and skills choosing to use a trading bot is the right choice if they have money to spend. That way, there is no guarantee that those who become professional traders do not use trading bots, because using a bot or not is an option and all traders can use it, including professional traders.

Remember that trading bot will not work their own. It was created and perform perfectly just because of traders itself, it is placing and selling orders automatically on behalf of the client who purchased the trading bot. It was intended to help users make profit from connecting this to the user's exchange platform used, while not wasting a lot of their time. It will not work if the users dont know how to execute trading in the market and trading bot is useless.

[bearexin]

Trading bot? Does that even work ? I have seen people that claimed that trading bots work but they have not been able to prove that it works. Someone once told me to make use free bots and when I asked whether it worked for him, he just said that it works in some ways lol, what does that even mean?

Bots don’t work, maybe these premium ones that people pay for might be working out for them a bit like 50/50 chance, but the free ones will never work, I don’t think anyone will create a working bot and give it out for free. I prefer to do the trade by myself instead of looking for bots to trade with

[BuNga_cute]

I have several times used trading bots and the results are far from what I expected. Most of the results failed, due to use trading bot
does not mean that everything is automatic. The weakness of trading bots often fails when the market suddenly changes. So my advice
is more good using manual trading, it's easier to make a profit. Because we can change strategies according to market conditions,
especially when the market like the last few days suddenly dumped due to the corona virus effect. If we use trading bot, our capital can
run out,but with manual trading we can be more flexible in making decisions.

[wozzek23]

I have not used a bot before, but I do know people that have tried it and according to them it’s not really worth it. The returns the developers claim you will get is not what you get at the end.

I have seen some devs that comes here and claim a guaranteed return when you use their bot, you should skeptical of such people, they may be lying. One has actually claimed that his bot will give traders up to 8% return a month, but whatever, it’s just that if you want to try these bots you should do so with shitcoins or money that you don’t really need to prove their authenticity.

[Polar91]

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

I haven't used trading bots but I know how it works. What it does is that it executes orders at certain levels you set. It's very practical for those who doesn't have time to execute their positions but for a trader like me, I don't need them. I feel like manual trading execution is still the best. In terms of my time, I'm trading not for too long as it doesn't need to be like that. As long as you know when to buy and sell, your time in trading won't be wasted for granted.

[rexxarofmoknathal]

Professional traders don't rely on bots to make their profits. They instead use their heads and knowledge they have on the market. I'm currently not using any bots and haven't used them before either simply because I don't trust the market volatility and for the bots to respond quickly and accordingly

[metenjean]

I trade manually in bitcoin and altcoin without use bot trading, I don't know have effective way for trading using bot because so far I like trading normally and trade depend with situation how bitcoin price. I think will be easy when using bot trading but how to get and worth for trading or not.

[Rebisco]

Trading bots are not good especially if a trader wants to improve their skills and their knowledge. I'm not against about using it but it is better if we are the one who will execute the trade in order to gain experience and not use trading bots. There are now many people saying that trading bots are ineffective and it is better if we will stay away with it. For those who want to try then it is better if you will only put some of your money.

[wiss19]

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?

Usually the exchanges are flooded with the bot orders. There are a number of bots being regulated in the current markets. Using bots minimizes our works to speculate the markets all the times. This can be beneficial for us and hence I might prefer you to use bots depending on your previous knowledge about the bot functions.

Bots are not usually easier to understand but might also make profits easier by adjusting trailing, stop-loss etc. You should choose your trading bot depending on the popularity as you would never like to get scammed by a trading bot or even a delay in order might make you face a loss which would be equal to get scammed by the bot.

[sweetbet]

I've never used a trading bot, and wouldn't trust it with my money. Too risky imho.

[Sadlife]

Currently im not, but i like to try one of those, the only reason i dont is because you need to know the parameters and fields to be able to see best results. It's very far from what i'd expected it to be like the one i've seen in youtube video.
Where the guy just run the script and automatically the Bot will trade for you. I tried finding similar like that, but it seems you need to have a coding knowledge.

[iv4n]

I've never used a trading bot, and wouldn't trust it with my money. Too risky imho.

Do you know why bots are risky? There`re good bots, but set-ups ask for bankroll. You can't apply certain set-up with some low amount of money, most likely you will lose more than you will make money. I tried some free trading bots, but I didn't do well with them. I lost some money, luckily not much and I got back to traditional trading, that's better for me.
There are people who make profit with bots, but believe they have a nice bankroll and anyone who wish to use trading bot should be ready to invest significant amount, without it your trading bot will not make you profit.

[Emitdama]

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.

But, the bots are not doing trades by themselves right? You will be the one operating them and the bot usually only places order for you to avoid human errors.

Although above being said, I also believe in manual trading because it gives me a feeling like I am learning with each trade and I can hold at times when I know a certain coin will rise soon while the bot would just make orders as the market swings so yes manual trading is very good but then big traders always use bots to make sure they can execute maximum trades per day and making sure they use their intelligence to the best effect and not just place orders manually all day.

[Granxis]

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.