Do you use a trading Bot?

[Latviand]

I used trading bot before when I was so busy working with my profession but that's just temporary.

I really don't see myself relying on using trading bots just to earn profit with my assets. I don't trust bitcoin for a long period of time, because market is always changing and not stable enough to give you always positive outcome. Don't rely on those trading bots that has no certainty, and I'm not that confident in using them whenever I trade.

Still manual trading is the best and much effective for me. You can manipulate and have a full control with your asset, you just need to make good strategies and plans. Doing technical analysis is much more helpful so that your actions are precise than using trading bots.

[1715607204]

1715607204

[1715607204]

1715607204

[1715607204]

1715607204

[1715607204]

1715607204

[1715607204]

1715607204

[1715607204]

1715607204

[wozzek23]

I used trading bot before when I was so busy working with my profession but that's just temporary.

Basically all trading bots concepts were innovated for that purposes like when we are unable to trade yourself due to some reasons then we can engage a trading bot to take care of few of your trading procedures but definitely not for automating each and every steps of your trading.

Unfortunately it seems we are all misusing trading bots because we are letting it to completely take care of all of our trading procedures. This must be the reason why we are unable to find big success out of automated trading.

manual trading is the best and much effective for me. You can manipulate and have a full control with your asset, you just need to make good strategies and plans.

This is what the final conclusion most of traders are experiencing and sharing after trying bot based trading. I am sure even we are having artificial intelligence kind of enhancements with bot trading, nothing will be changing in the final results of our trading. Because manual trading must be more flexible to and controllable which is completely missing out in bot based trading.

[spike420211]

If there is a bot for latoken trading I need it. I want to try to use bots after various methods do not benefit.
I want to try with a small exchange like Latoken.

It seems to me that Latoken is not the best place to connect the bot.
And what's the difference? It is important that the bot is not mistaken, that the exchange itself works without lags, that the bot does not do bad things.

And even more important, your API keys are safe.
In addition, on large exchanges there will always be volume for the coin of your choice.

[Dorodha]

If you want to operate a trading bot, first you have to have a deep idea about trading then there are many benefits to operating a trading bot, You should use trading bots only when you can form a clear idea about trading. Trading bots only work in your absence as in my opinion it is not right to rely entirely on trading bots to open or close trades. You can use it in a few cases if you want.

[chip1994]

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 rarely use the trading services of large groups, because those bots are not programmed and stable, so sometimes the bots will not be able to make good profits but will probably causing big losses. the fact that billions of dollars of investment funds will certainly have very good bots and of course we will not be able to get such a bot service in the crypto market. So using a bot to trade in the cryptocurrency market is risky, you should consider before joining the service.

[darewaller]

If you want to operate a trading bot, first you have to have a deep idea about trading then there are many benefits to operating a trading bot, You should use trading bots only when you can form a clear idea about trading. Trading bots only work in your absence as in my opinion it is not right to rely entirely on trading bots to open or close trades. You can use it in a few cases if you want.

Yes, making use of trading bots after gaining sufficient knowledge on trading really makes sense but I guess for that you must know all the coding and strategy part of bot; I guess most bots are not open source based. Hence, you cannot assume how a bot will react for a market condition and it may vary from your technical analysis levels.

I tried few bots for my forex trading and then I stopped as they are not good to make consistent profits. In crypto trading I never tried bots as these days I rarely find time to checking market oscillation and from that deriving trading signals. I guess, probably I am in a situation to go for bots as your suggestion, it seems like that .

[matchi2011]

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 rarely use the trading services of large groups, because those bots are not programmed and stable, so sometimes the bots will not be able to make good profits but will probably causing big losses. the fact that billions of dollars of investment funds will certainly have very good bots and of course we will not be able to get such a bot service in the crypto market. So using a bot to trade in the cryptocurrency market is risky, you should consider before joining the service.

You need to know more about the service and about the maker of the bot, it's hard to track which service / bot will have a good turned around.
If you have good knowledge you'll be able to monitor and observe what service or bot that will fit according to your emotion, it helps to limits
your stay in front of your device as long as you really knows what strategy to program to your bot.

[LbtalkL]

I heard some trading with bots cost a lot I guess it depends on the program being used, I have read on some telegram group one member said that he pays 1000 dollar for a bot? For me, that is too much just to pay for the bot alone, you can use it for capital on trading already but they are still availing it I guess because they have some money ready to lose, I will never try such things unless I am rich. I have tried automated trading on some platform before but there is no charge I if recall it correctly it was bituniverse I guess it is a different type of bot than those expensive ones.

[Savemore]

Actually trading bots are just a waste of money, why do I say so? First it will not help you to become a wise and profitable trader because you are just relying on it so basically there is no improvement for you because you are not using your own mind. Second trading both have fees, you cannot use it if you will not pay some money on it. Third, there are a lot of traders who have low winning rate in using trading bots. It is still better if we are the one who will make the decisions and not the bots.

[Insanerman]

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 never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

[DoubleEdgeEX]

I used something half-bot, an expert advisor in MetaTrader 4. It comes with an alarm when certain criterias in the market are shown but to enter a trade I would never rely on a  bot, but maybe I´m just too old-school for that. haha

[CarnagexD]

Usually,one of the unique style on trading is dedication.practically you need to learn how it works for you whereas it is basically used for someone who believes that nothing is impossible.So trading bot is a part of your fixed assets combination with some category because you need to take over about the right thing to sustain.

Courage also will help you become more determined in learning a lot of things in trading.

I don't see myself using trading bots no matter what struggle hits me in my trading journey. I believe that only myself will help me earn big amount of profits and not those trading bots that do not know how to adjust on its own depending on the market situation.

Being a trader, you should always consider your patience and timing on when to perform transactions.

Most of the traders are knowledgeable and using trading bots, but not that knowledgeable in performing manual trading. I want you to know that manual trading is the most effective thing that a trader should practice and improve because when you do that, your technical analysis will become much worth it.

[mersal]

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 never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

Trading bots are not artificial intelligence involved, so they are not going to think on their own they will just execute the trades without need of our actions all the time, which is very much needed for someone who trade more often but if we are not going to be a full time trader then better look at the market manually and analyze it at the current time to execute trades so you may get more profits on single trade itself.

[Kong Hey Pakboy]

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 never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

Trading bots are not artificial intelligence involved, so they are not going to think on their own they will just execute the trades without need of our actions all the time, which is very much needed for someone who trade more often but if we are not going to be a full time trader then better look at the market manually and analyze it at the current time to execute trades so you may get more profits on single trade itself.

Trading bots are Artificial Intelligence because they are based on where they were programmed; that is why Trading bots work based on reacting to the market. But trading manually is much better than automated trading because depending on our strategy has more chance to give us a successful trade, instead of using trading bots because it is only good managing our portfolios while we are away.

[Renampun]

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?

for crypto trading, I don't use a Trading bot...
I give up with trading bots, I have used trading bots on my forex account, but it is not profitable for me, taking buy/sell positions is less accurate, since then I am afraid to use the trading bot, it's better to trade real-time alone.

[jostorres]

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?

for crypto trading, I don't use a Trading bot...
I give up with trading bots, I have used trading bots on my forex account, but it is not profitable for me, taking buy/sell positions is less accurate, since then I am afraid to use the trading bot, it's better to trade real-time alone.

It happens when you are new into trading it takes a little time to understand how bots will work and how to enter data into the bot for optimal profits but once you get into trading and get the required knack of trading with bots then actually bots can help you a lot in automatize your trades. The only thing you need to be careful is bot do not have brains so if you made a little human error in filling data then it can erase off your balance in almost a blink of an eye.

I am a part-time trader and gambler so I use bots almost for every task even when I am rolling dice I do it with bots or sometimes the automated betting that is being provided by the casino itself.

[darewaller]

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 never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

You are right and actually emotions while can make you loose more in trade but sometimes emotions can save you too. I was about to sell in March a part of my saved bitcoins when price went to $5k but I have a strong emotion that it will jump back in coming months so I just held my nerve and it recovered itself very soon and if I was using bots the trade would be executed at $5-6k as per the stop loss feature which I am sure I would have used.

Bot scripts are usually for people who are doing large number of trades per day among altcoins like selling/buy eth for minor price change and hence saving a lot of time and also bots increase accuracy but for traders who are doing less number of trades per day I would never recommend bots and scripts.

[imstillthebest]

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 never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

You are right and actually emotions while can make you loose more in trade but sometimes emotions can save you too. I was about to sell in March a part of my saved bitcoins when price went to $5k but I have a strong emotion that it will jump back in coming months so I just held my nerve and it recovered itself very soon and if I was using bots the trade would be executed at $5-6k as per the stop loss feature which I am sure I would have used.

Bot scripts are usually for people who are doing large number of trades per day among altcoins like selling/buy eth for minor price change and hence saving a lot of time and also bots increase accuracy but for traders who are doing less number of trades per day I would never recommend bots and scripts.

dang good  for you that you follow your heart and didnt use bots that time   .

  bots really have a different purpose and not primarily built to combat or handle our emotions because that would be funny  . i use bots too on gambling but not in trading and the emotion is still there  . i did experienced to loose and feel bad    .  we should ask the developer of the bot for strats  because they provide it or they have a website/forum for it if ever we liked to use them

[milewilda]

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?

for crypto trading, I don't use a Trading bot...
I give up with trading bots, I have used trading bots on my forex account, but it is not profitable for me, taking buy/sell positions is less accurate, since then I am afraid to use the trading bot, it's better to trade real-time alone.

It happens when you are new into trading it takes a little time to understand how bots will work and how to enter data into the bot for optimal profits but once you get into trading and get the required knack of trading with bots then actually bots can help you a lot in automatize your trades. The only thing you need to be careful is bot do not have brains so if you made a little human error in filling data then it can erase off your balance in almost a blink of an eye.

I am a part-time trader and gambler so I use bots almost for every task even when I am rolling dice I do it with bots or sometimes the automated betting that is being provided by the casino itself.

When it comes to bots then making use of it would really need corresponding knowledge first on manual.You cant set out everything nor even know how to edit if you dont know on what you are doing.
Its just normal that you do  need up to learn from the basics but somehow we do see already set-up bots that do exist in the market but it is much better if you do know on how to alter things up
because we know that market situations can be different from time to time which means there would be a specific strategy in those cases thats why it would really be an advantage on your side if you do
know on what you are doing.

[cytpoway121]

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 good, and i use the one for bituniverse; it helps you incorporate atleast over 10 exchange platform including binance, hydax and more; But to be honest dear; bots are not for newbies; you need to be a good trader before you go into bot trading; always do your own research