TRADING BOTS: WHERE AND HOW

[CryptoLordguru]

I am a trader and I have been trading since 2016. What I have noticed is that the rally whether moving up or down happens so fast that it becomes very hard to catch immediately and I keep on watching this which happens almost every day. Most of the time in attempt in trying to catch the rally, I end up making loss. I hear a lot that people use bots for trading/scalping. I have some of my friends who do also use bots for btc & eth trading by paying a small fee to the developer but they are hesitating to reveal anything about it to me. I believe this community is big and can help me in understanding and using bots for my trading where I don't have to sit hours watching for the movements. So here are my questions: How to use trading bots? Where can I find a reliable trading bots? Can trading bots be trusted? Any scam related trading bots to avoid?

Please keep this thread related to topic which may help many others who are wondering about bots. Out of topic things will be deleted to keep it clean

[Mrunka33]

There is not stable trading bots, so it's gonna be just gamble
I've tried a lot of bots, cheap and expensive ones
They all don't work.

I think no one will sell a bot that works

[masulum]

Even you are using a bot, you need to know trading chart. Bot not working automatic as we think. We need to set Sell/Buy order manually. Mostly bot working just to make us easy to trade especially if we are have lot of trading account. Any stop loss, take profit must be set by ourself. So, if you don't have experience or knowledge to read the chart, using bot just wasted your time. CMIIW

[Flux0z]

Not sure which bots you are referring to, but nothing can be truly "trusted" these days. I've heard that Stakenet is about to release the worlds first DEX with Lightning Network integrations, which they'll be testing trading bots on soon.
Liquidity is always the biggest obstacle when dealing with DEX's, but thankfully they've thought of that as well. Their "DEX Aggregator" will combine all the relevant DEX's on the market's order books, and make them available through their own DEX, which will add TONS of liquidity, which would hopefully make it possible to profit from trading bots in a decentralized environnment? 

[sujonali1819]

I am not interested in any trading bot and did not try it yet to do trade by using any bot.
There are some bot related posts had posted in this forum previously. You can take a look there.

1. [Tutorial] How to configure cryptocurrency trading bots? - Last update: 06/11
2. [Comparison; Tutorial; Profit; Settings] 💙 Trading bots and SUPPORT BOT 💙

If you read these thread carefully hope you can understand all things what are you looking for. Good luck.

Please keep this thread related to topic which may help many others who are wondering about bots. Out of topic things will be deleted to keep it clean

I can not get this line. what do you mean by that?  how you will delete other people's comments? I am seeing thread is not self-moderated.

[CoindexLabs]

https://bitcointalk.org/index.php?topic=5236245.msg54116234#msg54116234

May be if it interests you, do give a look.

[joeperry]

A free and open source Bitcoin trading bot: https://gekko.wizb.it/

In regards with how to use, what strategy to use and how to set up... No one will share here a full detail or full tutorial for you I suggest to use the searching engine and youtube to do some basic research and read articles about it.

Also there are some articles and videos on the web about reviews of different trading bots.

[Quidat]

I am a trader and I have been trading since 2016. What I have noticed is that the rally whether moving up or down happens so fast that it becomes very hard to catch immediately and I keep on watching this which happens almost every day. Most of the time in attempt in trying to catch the rally, I end up making loss. I hear a lot that people use bots for trading/scalping. I have some of my friends who do also use bots for btc & eth trading by paying a small fee to the developer but they are hesitating to reveal anything about it to me. I believe this community is big and can help me in understanding and using bots for my trading where I don't have to sit hours watching for the movements. So here are my questions: How to use trading bots? Where can I find a reliable trading bots? Can trading bots be trusted? Any scam related trading bots to avoid?

Please keep this thread related to topic which may help many others who are wondering about bots. Out of topic things will be deleted to keep it clean

Try https://www.gunbot.com/

But at least try to read up first those links above given by other member about on how to use it up but theres also on-site instructions.
Just remember that bots are just good for automation of trades which means profitability will still vary on how you do set up your bot.
Theres no magic profits on here.

[Sanugarid]

Even you are using a bot, you need to know trading chart. Bot not working automatic as we think. We need to set Sell/Buy order manually. Mostly bot working just to make us easy to trade especially if we are have lot of trading account. Any stop loss, take profit must be set by ourself. So, if you don't have experience or knowledge to read the chart, using bot just wasted your time. CMIIW

No, it works automatically but you have to set it up manually, just a bit of correction there to you mate. I agree, bots are just optional if you have a lot of accounts to handle or have a day job but has a target to trade. Personally I don't use trading bots since I find it very uninteresting coz I'm quite a day trader, everything changes without giving any sign so it might burst a mistakes. Don't let having trading bots your first option in trading, make it yourself as much as possible coz the interaction is really needed. just saying.

[BitMaxz]

There is not stable trading bots, so it's gonna be just gamble
I've tried a lot of bots, cheap and expensive ones
They all don't work.

I think no one will sell a bot that works

Trading bots only use to automate your trading activity not to make a profit it depends on you how you set the trading bot. So, all trading bots out there depends on how you use them. There are no stable trading bots that make you a stable income.

The only difference of using other trading bots they have some unique trading strategy added and unique features compared to other bots.

I vote for these two Gunbot and 3commas they are the best trading bots out there with many trading strategies but the strategies are not 100% that will make you a stable income it will still depend on the market price movement.

But since OP is a beginner and wanted to learn about trading bot I suggest to start using free trading bots they have fewer strategies but it's a good start to learn how the trading bot works.

Gekko already mentions above and it supports more exchanges compared to this one below so only this one that I'd like to suggest.
- https://github.com/DeviaVir/zenbot

[pooya87]

what do you mean by "rally"? a rally that happens so fast that you can not catch it and if you do you end up losing money is NOT A RALLY it is called a pump and dump and no trading bot can help you make profit from a pump and dump since they are not predictable and depend on the strength of the pumpers, the level of attention newbies give that pump, the hype that started the pump, the amount of money the pumpers are willing to waste on the shitcoin, and a lot more.

i suggest rethinking your trading strategies first and try to figure out what you are doing wrong before thinking about using a bot to solve an issue that can not be solved.

[cutesgirl]

I just trade when bitcoin or some altcoin really down price and hold several day or weeks and sell after price break up to higher, I don't some analyze and always waiting when best moment where bitcoin have down and waiting for bitcoin back to higher price for selling, not needed to know how chart is going on.

[cotton ball]

Trading bot come from with exchange market it self how to make many people try put with higher price, I ever buy some coin at higher price but always across by bot trading of exchange market and never become on the first position for my transaction order for selling or buying. I think just take position with price do you want.

[CryptoArbi]

My experience with bots is negative. Even if there is one good bot out there, why the developers are selling it really? They have all the reasons in the world to keep it for personal use.

[Tuned]

I tried to use the bots that were available in market for years and they all have major flaws that scare me to put substantial money behind them.

For this reason, my team and I starting building our own platform.

Biggest Issues we had:

We were using Pinescript, but we couldn't rely on the data that TradingView was giving us.
We couldn't test multiple settings on the algos quickly
In order to execute, you had to use alerts that passed information to other systems and it caused delays or sometimes wouldn't execute.


I think we've fixed all those problems.  We're not in market yet, but we will be in a few months.
We're giving the product away for free for the next few months while we finish building all the not-fun stuff (Account Management, 2FA, payments, etc.)

Checkout our Onboarding Video:
https://www.youtube.com/watch?v=pmOohdOc1t0

If you like what you see, you can go to www.tuned.com to sign up for the Alpha.

Anyone from Bitcointalk will get priority access :-)

[Yamifoud]

I don't suggest to buy trading bots online, If you have a friend using trading bots that it works with them, you'll be using that also.
I know trading bots can help us especially when are having a hard time at work and can't perform our daily trades at all. But fully relying upon trading bots is not really a good idea, they are functioning depending on the signal that they get and it is different than we do trading manually.

A lot of offerings online and have tried it. Some of them giving some tutorials and time trials for you to evaluate if that fits your perspective and really functioning. Maybe this could help but be careful otherwise, you are in a trap.

[CryptoLordguru]

I am not interested in any trading bot and did not try it yet to do trade by using any bot.
There are some bot related posts had posted in this forum previously. You can take a look there.

1. [Tutorial] How to configure cryptocurrency trading bots? - Last update: 06/11
2. [Comparison; Tutorial; Profit; Settings] 💙 Trading bots and SUPPORT BOT 💙

If you read these thread carefully hope you can understand all things what are you looking for. Good luck.

Please keep this thread related to topic which may help many others who are wondering about bots. Out of topic things will be deleted to keep it clean

I can not get this line. what do you mean by that?  how you will delete other people's comments? I am seeing thread is not self-moderated.

Thank you very much for the links About the self moderating, I missed to click that option. I will see if settings can be changed If not, out of topic can always be reported to the moderator to be removed

I am a trader and I have been trading since 2016. What I have noticed is that the rally whether moving up or down happens so fast that it becomes very hard to catch immediately and I keep on watching this which happens almost every day. Most of the time in attempt in trying to catch the rally, I end up making loss. I hear a lot that people use bots for trading/scalping. I have some of my friends who do also use bots for btc & eth trading by paying a small fee to the developer but they are hesitating to reveal anything about it to me. I believe this community is big and can help me in understanding and using bots for my trading where I don't have to sit hours watching for the movements. So here are my questions: How to use trading bots? Where can I find a reliable trading bots? Can trading bots be trusted? Any scam related trading bots to avoid?

Please keep this thread related to topic which may help many others who are wondering about bots. Out of topic things will be deleted to keep it clean

Try https://www.gunbot.com/

But at least try to read up first those links above given by other member about on how to use it up but theres also on-site instructions.
Just remember that bots are just good for automation of trades which means profitability will still vary on how you do set up your bot.
Theres no magic profits on here.

Thank you for the gunbot link

I tried to use the bots that were available in market for years and they all have major flaws that scare me to put substantial money behind them.

For this reason, my team and I starting building our own platform.

Biggest Issues we had:

We were using Pinescript, but we couldn't rely on the data that TradingView was giving us.
We couldn't test multiple settings on the algos quickly
In order to execute, you had to use alerts that passed information to other systems and it caused delays or sometimes wouldn't execute.


I think we've fixed all those problems.  We're not in market yet, but we will be in a few months.
We're giving the product away for free for the next few months while we finish building all the not-fun stuff (Account Management, 2FA, payments, etc.)

Checkout our Onboarding Video:
https://www.youtube.com/watch?v=pmOohdOc1t0

If you like what you see, you can go to www.tuned.com to sign up for the Alpha.

Anyone from Bitcointalk will get priority access :-)

Thank you, I will check yours as well Is it free for lifetime for early adopters?

I don't suggest to buy trading bots online, If you have a friend using trading bots that it works with them, you'll be using that also.
I know trading bots can help us especially when are having a hard time at work and can't perform our daily trades at all. But fully relying upon trading bots is not really a good idea, they are functioning depending on the signal that they get and it is different than we do trading manually.

A lot of offerings online and have tried it. Some of them giving some tutorials and time trials for you to evaluate if that fits your perspective and really functioning. Maybe this could help but be careful otherwise, you are in a trap.

Thank you for the advice. I am definitely not looking to buy at this moment after reading all these suggestions

[AniviaBtc]

I am a trader and I have been trading since 2016. What I have noticed is that the rally whether moving up or down happens so fast that it becomes very hard to catch immediately and I keep on watching this which happens almost every day. Most of the time in attempt in trying to catch the rally, I end up making loss. I hear a lot that people use bots for trading/scalping. I have some of my friends who do also use bots for btc & eth trading by paying a small fee to the developer but they are hesitating to reveal anything about it to me. I believe this community is big and can help me in understanding and using bots for my trading where I don't have to sit hours watching for the movements. So here are my questions: How to use trading bots? Where can I find a reliable trading bots? Can trading bots be trusted? Any scam related trading bots to avoid?

Please keep this thread related to topic which may help many others who are wondering about bots. Out of topic things will be deleted to keep it clean

Try https://www.gunbot.com/

But at least try to read up first those links above given by other member about on how to use it up but theres also on-site instructions.
Just remember that bots are just good for automation of trades which means profitability will still vary on how you do set up your bot.
Theres no magic profits on here.

I'm using gunbot for so long and I didn't encounter any problem on its platform yet. As far as I know, it troubleshoot immediately any errors or problems when some users report if they are having a hard time using this trading bot. Gunbot will keep you guarded from trading opportunities whenever if you are not keeping in track and doing some other businesses. It also support and let you trade in several exchanges without hassle so that you will comfortably use it. Everyday, most especially during this quarantine, I have nothing to do but to let my trading bot work on itself, I'm just monitoring it about the strategies I'm putting on it, but the rest is the Gunbot itself. It manipulate my assets in the market and it functions very well.

[Mudrex]

Mudrex platform helps traders build no-code algo trading bots using Technical analysis based indicators. Mudrex Marketplace is collection of reviewed and  verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!

Signup today: https://mudrex.com/signup?referral_code=SAHN5230

For more price analysis, follow  https://twitter.com/officialmudrex on Twitter

Join our ever-growing discord community where our community traders and investors come
together to discuss ideas and strategies to increase their crypto portfolios : https://discordapp.com/invite/qdXmm4N

Support our ideas on Trading-view : Follow us https://www.tradingview.com/u/Mudrex/

[coinfinger]

Do not forget that the reason why you are being so late could also very well be people putting orders before something happens as well. It could be thanks to a bot or it could be thanks to exchange being properly developed but whatever the reason is there are options to trade before something happens.

Most commonly known one is "stop loss" which makes people sell when the price falls under a certain level, when the price falls too much there are stop loss activated and those are sold as well, and when they are activated and there are some more sell, more and more stop loss activated and it basically rushes downwards. Same happens for every movement and every order, it is not all bots but there are people who put orders. Of course, bots are a thing as well, that is whole another point if you want to go deeper.