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Author Topic: Are you using a trading bot?  (Read 2247 times)
JeremyPeng (OP)
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April 28, 2020, 04:03:58 AM
 #1

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
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April 28, 2020, 04:55:45 AM
Merited by uray (1)
 #2

Never heard BitUniverse grid trading bot but it seems it is an app for Android and Apple iPhone. I can't even find their opensource code which is I think not safe to use as a trading bot even it is free.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.

Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko

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cafetools
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April 28, 2020, 05:14:16 AM
 #3

I use a Gunbot, i highly rec it. It works as it should. It works simple, it buys and sells at %1 profit. There might be days with no trades.

The secret with a bot is only trade coins that you believe in. That way if you get stuck holding a bag its ok. Also if you only trade coins you like you can increase the amount of $ it trades.

If you feel like gambling you can even for example set it to buy $100 worth of Litecoin, even if you only have $1000 in your Binance balance. And set it to trade $400 of BTc. If it can successfully buy and sell $400 of BTC thats $4 profit. I think the mistake of many people who use it is they set the trading limit to very low numbers like $.50 cents. Run it 24/7 and it will work the best. You can lose money manually trading, you cant lose with a bot.

Hoddle long BTC (the mother) and a few others!
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April 28, 2020, 05:31:24 AM
Merited by suchmoon (4)
 #4

...you cant lose with a bot.
I don't really agree with this. If you get the set-up wrong, the strategies that had been mentioned in the GUNBOT thread along with other settings that you need to tweak then you might find yourself on a loss rather than profit and I assume that is also the case with other trading bots. A trading bot is not a magic and a person who is interested in using this should learn how it works to understand what coins are effective to be traded with and what adjustment would you need to do in your bot to satisfy its purpose. It is quiet misleading to say that "you can't lose with a bot" but rather it minimizes the mistakes, risks due to person's emotions and other human errors that might hinder to trade effectively.
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April 28, 2020, 05:42:16 AM
 #5

I don't use any bot now I ask my friend to trade for me so he does it doesn't mean that I don't loose money at all but so far here is doing pretty well

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April 28, 2020, 06:01:06 AM
 #6

Back in my forex days I tried dozens of bots and basically the end result is that none of them were consistent. They were usually consistant in certain trends like bear markets, bull markets or sideway markets however when the trends changed the bots weren't working anymore.

Another issue was that you could backtest each bot and it would prove profitable. However when applied to a real trading account you got massive slippage at times and the huge gains on demo couldn't be applied to real life.

My end result was that none of them work in the long run and are a waste of money. Just trade on your own if you want to be profitable instead of relying on a bot.

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April 28, 2020, 06:25:37 AM
 #7

I stopped using trading bot because I'm still losing money and I think its better to trade on my own which I'm learning it right now on how to execute my trade properly. Some people succeed on their trading because of the BOT and maybe they used trading bot because they don't have much time to study the market and I think you should also used BOT if you think you don't have much time to monitor the price movement.
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April 28, 2020, 06:48:05 AM
 #8


...you cant lose with a bot.
I can not agree with this point. Lack of knowledge about bot setup can fall to loses.

Op, You can find some comparisons and suggestions about trading bots here :
Great list of ⚉ bots ⚉ & HelpDesk- History up to 02/21/2018

[Comparison; Tutorial; Profit; Settings] 💙 Trading bots and SUPPORT BOT 💙

Maybe you will be helped by reading these threads.

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dre1982
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April 28, 2020, 07:05:06 AM
 #9

I have never used a trading bot. For some reason I don't trust something like that which is just my own feeling. A lot of users are using it so it must be safe to use it.

Maybe I gonna try some bot later on with some small amounts just to try it. The idea of such bot is great off course.



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Rainbot
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April 28, 2020, 07:31:11 AM
 #10

Back in my forex days I tried dozens of bots and basically the end result is that none of them were consistent. They were usually consistant in certain trends like bear markets, bull markets or sideway markets however when the trends changed the bots weren't working anymore.

Another issue was that you could backtest each bot and it would prove profitable. However when applied to a real trading account you got massive slippage at times and the huge gains on demo couldn't be applied to real life.

My end result was that none of them work in the long run and are a waste of money. Just trade on your own if you want to be profitable instead of relying on a bot.

I suggest you to try Binance when you want to have a high percentage of having a profit in trading. I'm really comfortable using this platform because it allows you to use other cryptocurrencies that you prefer. It supports a lot of coin, bitcoin and altcoins, you just need to monitor it and manipulate it properly to prevent losses.

It is never easy to use trading bot because it is not a 100% profit, you also need to have your own strategy and keep track of it every minute or hour. But if you're confident enough with your skills in trading, then Binance is suitable for you. They are also responsive to the feedback of the people who use it in their day trading.

But if you're not that used in to bot, you should trade manually with your skills so that you're the only accountable for the effect and result of your trading. Sometimes trading bot is not that effective and necessary to use if you're good in trading. Some people only use trading bot if they are so busy at work or their endeavor.
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April 28, 2020, 07:47:22 AM
 #11

As of now, im not using anything because im really in a losing side so im in a hold position right now. I haven't really use one either because when i read it here in the forum, trading bots are pretty hard to use because you need the knowledge and the correct parameters to be able to use effectively. Since i dont have time to learn all that and invest in it, i've decided to do manual trading.

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April 28, 2020, 08:11:05 AM
 #12

The only way you will "lose" with the bot is if it holds a bag. That is why i mentioned you could only trade coins you believe in holding long term if it comes to that.

Hoddle long BTC (the mother) and a few others!
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April 28, 2020, 08:59:26 AM
 #13

Just trade on your own if you want to be profitable instead of relying on a bot.

I just know this is the best option. A bot malfunctions when trend change because it has been built to function in a particular way until maybe you reformat it. If you want to make money in trading, labour to learn a strategy.

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April 28, 2020, 10:09:39 AM
 #14

Back in my forex days I tried dozens of bots and basically the end result is that none of them were consistent. They were usually consistant in certain trends like bear markets, bull markets or sideway markets however when the trends changed the bots weren't working anymore.

Another issue was that you could backtest each bot and it would prove profitable. However when applied to a real trading account you got massive slippage at times and the huge gains on demo couldn't be applied to real life.

My end result was that none of them work in the long run and are a waste of money. Just trade on your own if you want to be profitable instead of relying on a bot.
Been on EA back in forex and i can say it did blow my account when theres a news and put up a big candle on the opposite side of your position which in result in a loss and since you do rely that everything is automated then its too late to make actions when these kind of scenario happen since bot are just good on what they have instructed or been set up but in talks of decision making then thats the main cons.

After that im not using any bots ever since back when doing forex and now that i had tried crypto which im really impressed with the possible returns but we know that volatility would always have that corresponding risk.
Its our own choice though if bots will make ease or do give comfort on your side but as said,bots doesnt generate easy profits because it all matters on how you do set it up.

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April 28, 2020, 01:17:26 PM
 #15

I know some trading bot like gunbot, cat, but I don't use trading bot. I think I get some difficult to set up the bot because the market now is unpredicted. So I decide to use manual trading because I think I only trade if I want to trade and I can see the chance to make a profit. If I don't see my chance to make a profit, then I don't trade and only watch the price will up and down.

If you want to use a trading bot, you need to decide to use a paid trading bot or free trading bot because it is different. I think you need to prepare some money to buy that bot if you want to use trading bot.

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April 28, 2020, 01:54:09 PM
 #16

No, I don't use a trading bot, as I believe we as human can do better than a "bot". I've been trading for years, crypto and stocks. Today I prefer crypto much more due to it's volatilty, making it easier to pull a profit short term.

I've started trading on DEX's as of lately, as I'm worried about all my trading history being reported to who knows in my country. Been playing around with DEX's which relies on atomic swaps, and it works alright. Sure liquidity isn't too high, but I'm trading 20+ pairs at once so it's no biggie. Been doing some successful trades recently on the Blocknet DEX, which I totally recommend for anyone looking for a decentralized alternative.
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April 28, 2020, 01:59:12 PM
 #17

No, I'm not...not to this time.
I wasn't really confident using trading bots than make it manually. Not just because I have no trust for bots to make their own decision but because I don't find a legit one which I could trust and put in charge of my funds. Maybe I was picky but something I am not comfortable with using bots and for the reason also that I want to learn more about trading and experiencing is a way to improve my trading strategy that can be helpful in the future.

I'm not close to this instance but not this time...it can be someday...it should be in perfect time.



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April 28, 2020, 04:41:55 PM
 #18

I am not interested in using a bot I prefer trading manually. For me, Bot and manual trading are just the same, bot is just automating the instruction that you have input. So if you made a mistake on your inputs the bot will probably do some mistakes too, so if you want to try it better familiarize it first or if they have a demo account better try it and familiarize it. Of course, I am seeing an advantage in using a bot it is hassle-free.
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April 28, 2020, 08:47:56 PM
 #19

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

The whole trading bot thingy is not my thing, the last time i tried using one, i got burn madly. So for now, i just stick to trading by myself as the whole market is currently unpredictable and i prefer to get burn while trading by myself to using a bot or letting someone trade for me. And again, seems to me the trading bots are configure in such away to read market charts to determine their moves but the downtrends in this sector makes viatually every TA fails
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April 28, 2020, 09:13:09 PM
 #20

The trading bot is a usefull tool and it works. Its just one more tool that we could use to eek out a profit. For anyone serious about trading I cant see the harm in running the bot in the background.

Hoddle long BTC (the mother) and a few others!
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April 28, 2020, 09:24:49 PM
 #21

I do not like using bot because I am always fearful of not losing my coin to phishing. I do day trading and set stop loss when I am sleeping maybe I will try any of the bot of I found any trusted and recommended one. It might be efficient compare to the manual trading.
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April 28, 2020, 09:48:20 PM
 #22

You can set stop losses with a bot. All a bot does is automatically trade how you tell it to. You can customize everything. So its almost like manual trading, but it saves you time. I fail to believe any argument that having a bot is -expected value.

Hoddle long BTC (the mother) and a few others!
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April 28, 2020, 11:27:31 PM
 #23

We built a Social trading bot for sharing trades in real time in messaging apps.  Also has mirror and Auto trade capabilities for following trades of actual traders/groups you might follow.

tokenbot.com

t.me/my_tokenbot


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April 29, 2020, 03:22:46 AM
 #24

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

No, i'm not using any bot for trade and never use it, the reason is because i don't trust using any trading bot. i like trading manually by myself because i think using bot will make it easier for you to lose your money than trading manually.
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April 29, 2020, 03:34:01 AM
 #25

I think the people saying they dont like botx/ dont trust them dont understand them. Because a bot does EXACTLY what you tell it to.

Hoddle long BTC (the mother) and a few others!
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April 29, 2020, 04:53:51 AM
 #26

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

no buddy, because in my experience if you use a robot you need to update it periodically, otherwise your account will be at risk if you make a trade using old update.

different if you trade by yourself manually, then it all depends on you.
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April 29, 2020, 05:41:49 AM
 #27

Back in my forex days I tried dozens of bots and basically the end result is that none of them were consistent. They were usually consistant in certain trends like bear markets, bull markets or sideway markets however when the trends changed the bots weren't working anymore.

Another issue was that you could backtest each bot and it would prove profitable. However when applied to a real trading account you got massive slippage at times and the huge gains on demo couldn't be applied to real life.

My end result was that none of them work in the long run and are a waste of money. Just trade on your own if you want to be profitable instead of relying on a bot.
Been on EA back in forex and i can say it did blow my account when theres a news and put up a big candle on the opposite side of your position which in result in a loss and since you do rely that everything is automated then its too late to make actions when these kind of scenario happen since bot are just good on what they have instructed or been set up but in talks of decision making then thats the main cons.

After that im not using any bots ever since back when doing forex and now that i had tried crypto which im really impressed with the possible returns but we know that volatility would always have that corresponding risk.
Its our own choice though if bots will make ease or do give comfort on your side but as said,bots doesnt generate easy profits because it all matters on how you do set it up.

Yes they were called EA, expert advisors, sure brings back memories.

I actually remember there was one bot which actually was profitable. It basically took reverse trades off some high pump event. It back tested well and it even worked when forward testing. I was called something like "Ultimate Scalper bot 1000" or something as such. Basically had a scammy name and actually worked... until it didn't.

Basically the bot was cheap like $100. And eventually too many people started to use it. So many of the bucket shop exchanges started to trade against it and started to trap traders. Some of the bucket shop exchanges even just rejected any trade entries if they were generated by the algo. Hence it no longer worked.

No idea why the guy sold it for $100. He would of been a multi-millionare if he just used it himself privately. But out of maybe 20-30 bots I've tried, that was the only working one.

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April 29, 2020, 09:35:08 AM
 #28

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
There are tons of bots out there not just a few, there are so many bots that some of them became famous and we all know about it, they are really common and everyone has heard of them, however there are probably HUNDREDS that we didn't hear because of two reasons, one is they are very bad and that causes only a few people to use it and fail and basically tell everyone else how bad it is and some others do not care and try anyway and they fail too and eventually a lot of people say its bad and it doesn't took off, another reason is bad marketing to get it at the hands of others so it never really gets heard.

I have used tens of bots in my day and they are all the same, there is not a single difference between them in the sense that sometimes it profits you but sometimes it doesn't, I can reach that manually as well anyway.

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April 30, 2020, 07:09:09 AM
 #29

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
There are tons of bots out there not just a few, there are so many bots that some of them became famous and we all know about it, they are really common and everyone has heard of them, however there are probably HUNDREDS that we didn't hear because of two reasons, one is they are very bad and that causes only a few people to use it and fail and basically tell everyone else how bad it is and some others do not care and try anyway and they fail too and eventually a lot of people say its bad and it doesn't took off, another reason is bad marketing to get it at the hands of others so it never really gets heard.

I have used tens of bots in my day and they are all the same, there is not a single difference between them in the sense that sometimes it profits you but sometimes it doesn't, I can reach that manually as well anyway.
In fact, almost all the feedback from traders about trading bots is negative, but nonetheless, people are still trying to use the appropriate software for trading.  apparently everyone wants to make money very quickly and effortlessly.  Based on this, I do not understand what the problem is, and as far as I have no experience in using a trading bot, my attitude to this software is neutral.  it’s possible to have an idea, I’ll still do something stupid and try to test some trading bot in order to at least have an idea of ​​what kind of results are involved.  

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April 30, 2020, 06:48:39 PM
 #30

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

Trade wisely when using bots, I believe this trading bot ain't free at your end you most have paid a fortune to get it. Have not made use of trading bot before even up till date. I only base on analysis with other professional traders. And to be on a safer side over my funds.

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April 30, 2020, 10:19:07 PM
 #31

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

To be honest, i don't use a bot becaise i don't know how make one myself. I've always been the kinda guy that loves doing things my way instead of following others opinion, i love following only mine.  This contributes to why i don't use trading signalz from the expert due to how such T. A fails now. I see people saying you can't lose with trading bot, that's a lie as I've seen people's account got burn due a trading bot
To be honest, i don
uray
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April 30, 2020, 11:17:25 PM
 #32

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. 
As BitMaxz mentioned i am not confident enough to use the bot because you cannot find the open source to verify the contents and with the halving coming up there will be many scammers trying to make money, since you are the only one who know about this bot, are you sure you are not he creator and if not have you tried and what is your experience.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.
Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko
I am yet to explore these bots and have you tried them and is it free to use. Either it will experiment these when i get time.
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May 01, 2020, 12:01:49 AM
 #33

I think trading bot is the best way to trade crypto
Check this site : https://miningdiscounts.com/2020/03/02/best-bitcoin-trading-signals/
It is sending trading signals based on bot with high profitability
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May 01, 2020, 06:23:47 AM
 #34

as someone recently said, bots can be your hedge fund managers you never really had  Cheesy


I think the people saying they dont like botx/ dont trust them dont understand them. Because a bot does EXACTLY what you tell it to.
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May 01, 2020, 08:17:58 AM
 #35

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I also use a trading bot at the moment and its effect is also quite good. It is Gunbot, it supports more exchanges but it isn't free. I don't encourage you to change when you are using the trading bot which you are feeling very good.
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May 01, 2020, 03:21:22 PM
 #36

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I heard bituniverse recently in a bounty campaign that has been finished a couple of weeks only.
But I never try to use bot in trading. I'd rather go with the natural way of trading in crypto and bitcoin.
and using bot is very risky too.
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May 01, 2020, 03:56:57 PM
 #37

I had an experience using a trading bot that turned out to be unsuccessful. This was a year ago, when the cryptocurrency market was falling. It is possible that this is why I got a loss, because the bot made a purchase of coins, but the price of coins fell below and the bot could not implement it in General. It is possible that with a growing market, the bot would work with profit.

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May 01, 2020, 04:30:48 PM
 #38

I don't use bots because I don't trust them. I don't believe that bots can replace human thinking, experience and decision making. Bots can be used for fun or maybe by beginners and less experienced traders but not for serious trading and they will not help you make bigger profit. If you find then helpful that might be more the question of luck than their efficiency.

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May 01, 2020, 11:55:02 PM
 #39

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I don't use bots and of course i don't recommend people to use it. I told couple of times before and i still tell people to stay away from any bots and trading signal channel. It might be help you to make money at first time but there is much possibility that you will lose your money because of that. So do your own trade yourself doesn't matter how much time you need to learn about it.
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May 02, 2020, 02:54:54 AM
 #40

I do not really get why there are traders who want to use trading bots than to trade with themselves, maybe they think that there is a free money with the use of trading bots. I think it makes people to become a trader that doesn't have any room for improvement because they keep using bot. They are not gaining experiences and especially knowledge and that is why I do not prefer to use. The losing rate us also high and for me it is better to trade with our own.
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May 02, 2020, 05:52:39 AM
 #41

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
Bituniverse become my signal source and always update how much bitcoin price when going up and down, I take several moment with bituniverse when some exchange still lower price of bitcoin but other exchange have higher price. Good recommendation to use bituniverse as your information signal.

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May 02, 2020, 10:08:33 AM
 #42

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
If it is a good bot and can bring you long-term profits, it is too good. I use a bot that uses fees, I have to pay a trade fund of $ 200 per month to get signals from the bot. The winning rate at its margin is 96% and I am quite satisfied with the amount of money I spent. If you want to join us, you can search for MEGATRADING BOT and it's in the TradecoinVietnam community. I don't like the link here because it's like a promotional article. I simply want to share with everyone about the bot I'm using.
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May 02, 2020, 06:38:54 PM
 #43

I used to use them a lot, basically all of my trading was via trading bots, but I gave up because they were never really doing exactly what I wanted because what I wanted changed according to the market, so I would have to manually change the bot all the time to do what I want and it was usually always too late as well. Basically emotions do matter to me when trading and bots are too rigid, which means they may act a bit like a robot as you might imagine (wow what a shock!) but my trading is not like that, so I stopped using them.

Nowadays I do manual trading and I have been actually a lot more successful, if I was a bad trader or a newbie trader and I didn't know what to do, I would still use it, its definitely much better, but since I am better at it now, I don't need it.

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May 03, 2020, 12:38:38 AM
 #44

I have a bad experience with trading bots, so I prefer manual trading. It is true that with trading bots we don't need to analyzing
the market, trading becomes simple. But it usually doesn't last long, when the market trend changes drastically, trading bots
no longer accurate and cause us to suffer losses. Therefore I have lost up to $ 1,000 using a trading bot, so I decided to trade
manuals ever since. But if you think it's profitable to use trading bots, just do it. I will not prohibit, because the decision is in
each other's hands. I just shared my experience.

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May 03, 2020, 04:03:21 AM
 #45

I have a bad experience with trading bots, so I prefer manual trading. It is true that with trading bots we don't need to analyzing
the market, trading becomes simple. But it usually doesn't last long, when the market trend changes drastically, trading bots
no longer accurate and cause us to suffer losses. Therefore I have lost up to $ 1,000 using a trading bot, so I decided to trade
manuals ever since. But if you think it's profitable to use trading bots, just do it. I will not prohibit, because the decision is in
each other's hands. I just shared my experience.
I have also seen bad bots take a lot of investor money. Good bots are often created for a long time and cost a lot of money. and especially bots will measure the volume and greed or fear of traders entering the order. I find that bot trading is better for us, we have more time to do other things and still make money. But better, we should choose the quality bot to follow. Pay reputable admins to use the bot, that's how you can get to the best bot.
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May 03, 2020, 09:20:01 AM
 #46

Can you provide proof of the benefits of using the bot? I still don't believe that I can make a profit trading using a bot like that
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May 03, 2020, 10:33:47 AM
 #47

TokenBot is a social trading bot. The trades are executed manually by traders and can be shared automatically.

Some people think bots are just auto trading a specific algorithm, but they are very versatile in nature.

http://tokenbot.com/
https://app.tokenbot.com/login


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May 03, 2020, 03:47:29 PM
 #48

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance.
You sound like a paid shill. How long you have been using that bot? What is your profits and losses ratio? Market started fluctuating recently, I agree but how your bot was performing before the recent fluctuations. Without sharing these kinds of basic information related to your trading bot, I highly suspect that you are trying to market that bot. Probably, you might be from the team or you might have been affiliated with them.

Being a free of cost and supporting 20+ exchanges cannot be enough criteria for me to adopt a new bot with my trading capital. It should be based on open source and might have been well tested and vouched by trusted forum members.

Any more bots are you using? Please recommend.  Huh
Honestly I may not go continuously searching for new bots when I am already stratified with performance of one bot. If you are not yet satisfied with that BitUniverse's Grid Trading Bot then why you stating about it here?
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May 03, 2020, 04:13:25 PM
 #49

I just made a trading bot this weekend but think I have set the percent too high

https://youtu.be/mpAMmHB8wN4

Do you think it will work? I’m a software dev but new to trading and crypto

Cheers
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May 03, 2020, 05:04:48 PM
 #50

Using my own developed bot.
It's still under development but working pretty much as expected.
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May 03, 2020, 05:37:25 PM
 #51

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I don't know about this kind of bot. And the reason I don't use bots is because I don't trust trading bots. I prefer to trade manual. Because there is a fun in trading which cannot be found by trading with a bot. It is not possible to make big profit using bot. People use trading bots hoping to make quick profits, but the reality is different. Most traders give negative feedback to the trading bot because they do not get good results using it. So I don't think this bot will be anything different from the others.

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May 03, 2020, 08:17:13 PM
 #52

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I don't use bots and of course i don't recommend people to use it. I told couple of times before and i still tell people to stay away from any bots and trading signal channel. It might be help you to make money at first time but there is much possibility that you will lose your money because of that. So do your own trade yourself doesn't matter how much time you need to learn about it.
Well there is nothing wrong to use bots but honestly bots are pretty helpful in times that we need them like trading while sleeping. Trading bots do have function and setting from the user which it will execute upon reaching the limit set, it is basically an extension of the trader's hand. I'm talking about the legit bots that you can buy in the market, and yes you read it right bots do have cost coz it is made by a programmer. There are some bots that you can acquire for free however I do not recommend you guys to get a help in random. Trading bot is a good alternative but if you can get the job done manually then why seek for a bot's help?

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May 03, 2020, 08:40:37 PM
 #53

I don't use any bot now I ask my friend to trade for me so he does it doesn't mean that I don't loose money at all but so far here is doing pretty well
Why don't you learn the method of having successful trades than asking your friend to trade on your behalf? It is not the best practice and in the long run, you will not gain experience, exposure, risk management etc that makes perfect trading. Go for it with determination.

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May 03, 2020, 10:00:05 PM
 #54

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I don't use bots and of course i don't recommend people to use it. I told couple of times before and i still tell people to stay away from any bots and trading signal channel. It might be help you to make money at first time but there is much possibility that you will lose your money because of that. So do your own trade yourself doesn't matter how much time you need to learn about it.
Well there is nothing wrong to use bots but honestly bots are pretty helpful in times that we need them like trading while sleeping. Trading bots do have function and setting from the user which it will execute upon reaching the limit set, it is basically an extension of the trader's hand. I'm talking about the legit bots that you can buy in the market, and yes you read it right bots do have cost coz it is made by a programmer. There are some bots that you can acquire for free however I do not recommend you guys to get a help in random. Trading bot is a good alternative but if you can get the job done manually then why seek for a bot's help?
People do really have that mindset or do believe that bots can give out constant profits to them without doing so much work which is really a very wrong perception with the majority specially with the noobs.
Bots are for automation period but people taking it too far thats why they do bust up their capital on relying their funds into a bot.All settings will always vary with the trader itself and it would always much better
to trade manually if you do have the time and if not then bot would be the substitute but doesnt mean that theyre reliable into some circumstances that do really need human intervention like
alterations of decisions specially when the market comes so bad or does oppose into your target.

R


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May 03, 2020, 11:28:09 PM
 #55

Never heard BitUniverse grid trading bot but it seems it is an app for Android and Apple iPhone. I can't even find their opensource code which is I think not safe to use as a trading bot even it is free.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.

Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko

Thanks buddy. A friend once told me about bituniverse bit now that you have recommended these, I will quickly evaluate them and see if I can deploy any of it soonest. I am looking at the variations it offers from the regular manual trading

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May 03, 2020, 11:59:09 PM
 #56

Depending on the modifications every trading bots can generate a quite good profit but a single symbol can affect the profit/loss ration. I have used the mirror trading bots on social trading platforms a few years ago.

Never heard BitUniverse grid trading bot but it seems it is an app for Android and Apple iPhone. I can't even find their opensource code which is I think not safe to use as a trading bot even it is free.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.

Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko

Thanks buddy. A friend once told me about bituniverse bit now that you have recommended these, I will quickly evaluate them and see if I can deploy any of it soonest. I am looking at the variations it offers from the regular manual trading
AFAIK, Bituniverse has partnerships with several exchanges, I know the Bitforex and their trading competitions based on Bituniverse trading bots. Gekko is a popular crypto trading bot too.

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May 04, 2020, 12:14:46 AM
 #57

I don't use any bot now I ask my friend to trade for me so he does it doesn't mean that I don't loose money at all but so far here is doing pretty well
Why don't you learn the method of having successful trades than asking your friend to trade on your behalf? It is not the best practice and in the long run, you will not gain experience, exposure, risk management etc that makes perfect trading. Go for it with determination.
The most important tools in order to have a long term success that you are missing if you are not exposing yourself around the exchange, having a insight knowledge instead of leaning everything to a friend or someone who have good experienced, if you'll not going to change this kind of attitude then learning won't happened the risk of losing more will be expected.

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May 04, 2020, 06:24:56 AM
 #58

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

So far I trade the predictions myself do not use a bot or premium channels. But it's interesting, I want to try the bots that you use might make the work easier.

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May 04, 2020, 11:27:03 AM
 #59

i dont use trading bots, becouse its not interesting for me, i know BOTs are interesting for Huge amount and fast income, but i cant trusts them Sad

what is the oldest trading BOT?
I also like you because using BOT only makes you spend more time and this market is unpredictable so you will definitely face a lot of risks if not careful.

In fact, I always trade by hand and only buy when the market starts to increase because it will help me feel safer and can sell if it is profitable. In addition, you need to have trading knowledge about this market and do not depend on any analysis of others.
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May 04, 2020, 05:22:01 PM
 #60

Trading bots can help traders to make profits at the same time, it can lead to losses, it all depends on having the right knowledge. Thus, there are people who trades with bots while there are some that trades on their own, it all comes down to making profits hence using whichever method that is suitable. As for me, I used it for a short period of time and stopped as i don't really buy the idea and nowadays I trade on my own and it's better for me. Maybe one day I will try it all over again.

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May 04, 2020, 11:07:32 PM
 #61

Using a trading bot is only necessary for the people who have no time in trading. But for us who have a lot of time making it, not really it works.

In certain thing also why I'd never use a bot in trading is to find ourself capable of, we can learn a lot of things about trading if we do it our own. We are having the benefits of it and to know more about how trading works. We can appreciate trading if we let somebody/someone work on it.

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FanEagle
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May 05, 2020, 01:44:55 PM
 #62

There are quite simple bots that could actually make you a decent amount of money but very rarely that people are forgetting about. Like you can have a bot that buys periodically between 8k to 4k, so you buy each 500 dollars it goes down, buy at 7.5k, buy at 7k, buy at 6.5k and so forth until it lastly buys at 4k. It also sells all of it at 8k back.

Does this happen frequently? Not it doesn't and I really can understand it, however it also wouldn't hurt to have that neither, even if its rare to happen, at least it happens and that is why some bots are better than the others, it doesn't make you rich, it is not a get rich quick, but at least it guarantees profit, just doesn't tell you how long it will take for you to make a profit that way since it may take a second or a year.

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May 05, 2020, 11:54:32 PM
 #63

I am also using Bit universe grid trading bots and the experience has been awesome. Hope we are still going to have similar things like this fro us to have choices. If there is any at present, I will like to have a look at them, quote and drop them

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May 06, 2020, 02:06:53 PM
 #64

I am also using Bit universe grid trading bots and the experience has been awesome. Hope we are still going to have similar things like this fro us to have choices. If there is any at present, I will like to have a look at them, quote and drop them

Yeah the grid trading bot of the bit universe is far better I even have used it myself. However, thanks to various problems, I even have temporarily turned it off. Now I trade on my very own and don't use any trading bots. I feel if we trade from bots it increases our knowledge and skills. tons of latest updated information about the market is out there it's impossible to understand much by using bots.

Mahanton
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May 06, 2020, 10:59:11 PM
 #65

There are quite simple bots that could actually make you a decent amount of money but very rarely that people are forgetting about. Like you can have a bot that buys periodically between 8k to 4k, so you buy each 500 dollars it goes down, buy at 7.5k, buy at 7k, buy at 6.5k and so forth until it lastly buys at 4k. It also sells all of it at 8k back.

Does this happen frequently? Not it doesn't and I really can understand it, however it also wouldn't hurt to have that neither, even if its rare to happen, at least it happens and that is why some bots are better than the others, it doesn't make you rich, it is not a get rich quick, but at least it guarantees profit, just doesn't tell you how long it will take for you to make a profit that way since it may take a second or a year.

Bot doesnt guaranteed out on making profits but i agree on what you have said when it comes to automation of buying and selling orders in times of those price had been reached up.

Time would be your main enemy and your patience would really be tested out and come to think that bot users do much prefer on seeing profits in short span of time and for people who are just
new and sees someone who do make use of bot and make profits then they do really have that impression that they might able to do it to until the time comes that expectation is always
different from the reality.

R


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peter0425
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May 07, 2020, 03:31:26 AM
 #66

There are quite simple bots that could actually make you a decent amount of money but very rarely that people are forgetting about. Like you can have a bot that buys periodically between 8k to 4k, so you buy each 500 dollars it goes down, buy at 7.5k, buy at 7k, buy at 6.5k and so forth until it lastly buys at 4k. It also sells all of it at 8k back.

Does this happen frequently? Not it doesn't and I really can understand it, however it also wouldn't hurt to have that neither, even if its rare to happen, at least it happens and that is why some bots are better than the others, it doesn't make you rich, it is not a get rich quick, but at least it guarantees profit, just doesn't tell you how long it will take for you to make a profit that way since it may take a second or a year.

Bot doesnt guaranteed out on making profits but i agree on what you have said when it comes to automation of buying and selling orders in times of those price had been reached up.
And if you are aware on how to properly use it,because there are some traders that was just letting their bot to do the Job thats why they fail.
Time would be your main enemy and your patience would really be tested out and come to think that bot users do much prefer on seeing profits in short span of time and for people who are just
new and sees someone who do make use of bot and make profits then they do really have that impression that they might able to do it to until the time comes that expectation is always
different from the reality.
That is the hardest part because even if you uses Bot still you need to stay infront of computer so for me?i rather do the basic and traditional ways than using bots.









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bitgolden
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May 08, 2020, 08:46:23 AM
 #67

Is there anyone who thinks that if they do not ever check their bot at all, just install it and put some money on their exchanges and just let the bot do the work, they can come back in a month and have a lot more money, without touching anything at all, just purely install it and let it be.

I do not think there is a single bot that works like that, many of them market their bots that way but believe me I have tried almost all the big software out there, around a dozen of them and none of them is like that, no new one will be bigger and better than the known ones neither so there is zero bots like that. There is just bots that you put in some information on and it works the way you want it to work but what you want will change depending on the market so you will have to intervene quite frequently.

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imstillthebest
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May 08, 2020, 08:54:10 AM
 #68

Is there anyone who thinks that if they do not ever check their bot at all, just install it and put some money on their exchanges and just let the bot do the work, they can come back in a month and have a lot more money, without touching anything at all, just purely install it and let it be.

I do not think there is a single bot that works like that, many of them market their bots that way but believe me I have tried almost all the big software out there, around a dozen of them and none of them is like that, no new one will be bigger and better than the known ones neither so there is zero bots like that. There is just bots that you put in some information on and it works the way you want it to work but what you want will change depending on the market so you will have to intervene quite frequently.

bots are not smarter than humans so what your saying was right  . at some point we need to check the bot if its still running and check if the settings that we apply is still there   but even we humans we cant still predict the outcome of the market   . so how much more is the bots    .  this is why i never tired using bots because i think they are the same as when you do manual trade   . the only difference is that your opening another application which only eats space and memory on your pc   .
Btc_1856
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May 08, 2020, 11:51:58 AM
 #69

Bots are always risky and it is impossible to predict the situation every time we need to adjust them based on the market situation, bots will be based on the settings provided by us, so instead of working on the Bots, it is better to go for manual trading it might help us to learn the technique from mistakes we made.

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May 08, 2020, 12:36:54 PM
 #70

I am confused why many people like trading bots, even though the risk is very big. I prefer manual trading, because we ourselves make
decisions when trading. Though trading does not spend a lot of time in my opinion, we only need to monitor a few hours per day.Then
information on trading strategies and tips has been widely spread on the internet, if we learn correctly trading is easy to understand.
And don't assume that trading bots can earn passive income and become rich, because trading bots are not always right.

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May 08, 2020, 01:16:26 PM
 #71

I never heard that trading bot and even there is a trading bot I will not use this kind of technique or strategy because I'm knowledgeable at programming language and those platform and trade bots are made by the knowledge and algorithm if the programmer and still they are the one who controls this kind of prediction if the programmer makes a mistake on the bot you are using and this may lose your funds and this is a huge loss this is just on my perspective only. In my opinion, it is better to make your own trading and build your own trading strategy because you know the possible outcome and what are the possible profit you've got ao knowledge is one of the most powerful things you can have and with the help of your critical thinking you can now make a lot of escapes and avoid to losing your funds and always get a huge market profit.

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mersal
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May 08, 2020, 04:15:02 PM
 #72

I always prefer manual trading over using trading bots, because I am not trading with huge capital so I am not interested in expensive trading bots and the problem with using trading bot it is only to automate your trading scripts nothing more so you can save time if you trade too often using trading bots.With the recent price surge I prefer holding than trading crypto assets.
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May 08, 2020, 09:05:57 PM
 #73

Finding those parameters that could make you profit is not really easy, it takes time to find it and every situation requires different strategy, not every single day is the same and that is why it requires different approaches. So, you basically need to literally be in front of PC every day all the time to figure out what situation the market is in and then put that strategy to your bot as well. At that point I could just manually trade, what is the point of a bot if it can't deduce what we are in and change accordingly.

Most of the bots are just doing what I tell it to do, none of them could make profit depending on the situation or simply just close when they think it is going to plummet. Hence that is why I am not using anything anymore, they are worthless.
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May 09, 2020, 05:03:59 PM
 #74

Just trade manually and always buy some coin when going down, many time recommended to use bot for trading but I like with manually because we can analyze when have to sell and hold our assets with low risk, maybe with bot trading our chance to get profit very little.

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May 09, 2020, 11:50:43 PM
 #75

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I don't use bots and of course i don't recommend people to use it. I told couple of times before and i still tell people to stay away from any bots and trading signal channel. It might be help you to make money at first time but there is much possibility that you will lose your money because of that. So do your own trade yourself doesn't matter how much time you need to learn about it.
Well there is nothing wrong to use bots but honestly bots are pretty helpful in times that we need them like trading while sleeping. Trading bots do have function and setting from the user which it will execute upon reaching the limit set, it is basically an extension of the trader's hand. I'm talking about the legit bots that you can buy in the market, and yes you read it right bots do have cost coz it is made by a programmer. There are some bots that you can acquire for free however I do not recommend you guys to get a help in random. Trading bot is a good alternative but if you can get the job done manually then why seek for a bot's help?

I understand you thought. I know there are lot of well known bot people are using and there is nothing wrong with that. But my doubt on that programmer or company who made those bots. How can i be sure that there will be nothing wrong happen after so many trades. That's why i suggest to not follow bots. Of course traders worry about their assets when they are offline from trade life. For that there are couple of theory we can apply, like "Stop Loss" or something. My bottom line is, we are safe till we are controlling our own assets.
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May 10, 2020, 02:59:43 AM
 #76

Before I use trading bot but now I use trading bot like a signal. Because bot is only machine, not human. So It cannt be control like as people. Moreover, you can lose everything that you have if you use bot because many bot (from some group) have deal with exchange, that they will get profit If people lose many from order
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May 10, 2020, 06:45:00 PM
 #77

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

So far I trade the predictions myself do not use a bot or premium channels. But it's interesting, I want to try the bots that you use might make the work easier.
Look I do agree that these so called premium groups are nothing but either scammers or overconfident people who seem to think they can predict price at their will and trusting them will either give you fake confidence (if their prediction goes right) or you gonna loss which makes them loose nothing. So, yes I agree never use those groups.

BUT bots are very different if you are using a trusted source bot then you are actually making the bot do the tiring work of executing trades and making quick decisions and there are some bots like someone told me gunbot (I never used is, so please don't take my word) is really good. You can just enter some data that will be used to make trades and yes there can be loss but the bot is just there to reduce the manual tiring repeated work and automate some tasks.

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BitcoinTurk
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May 10, 2020, 08:26:06 PM
 #78

I don't have a trading bot that I currently use, but I have used several different trading bots before, and I was not very satisfied. I have no information about the trading bot you mentioned, or even heard first from you. To mention briefly the experiences I gained with the use of trading bot;
- It can process wrong amounts.
- Rarely, it is able to sell at a price below the purchase price (not stop loss, but direct sales.)
- It can be a victim of surprises when used in some stock exchanges.
- It can make transactions before the right time comes.
- In some cases, it also happens whether it makes purchases or not.

Of course, this is not valid for every trading bot, but I have experienced such problems in several trading bots that I use.
wozzek23
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May 10, 2020, 08:57:25 PM
 #79

Bots are always risky and it is impossible to predict the situation every time we need to adjust them based on the market situation, bots will be based on the settings provided by us, so instead of working on the Bots, it is better to go for manual trading it might help us to learn the technique from mistakes we made.
I have been always thinking the same too and that is the reason I never used any bots, the best bot kind of task I do is put trades on future price like if BTC drops by $100 I have a buy order for that and if BTC goes up by $100 I have a sell order for that. That alone looked to me like I am getting lazy and I better be making those trades myself and when I see people using bot to even make all trades, I feel like I am working very hard Wink.

I am also using Bit universe grid trading bots and the experience has been awesome. Hope we are still going to have similar things like this fro us to have choices. If there is any at present, I will like to have a look at them, quote and drop them
Something new I learned, please can you tell us what functions it provide and how it works? I mean I never used bots for trading because I felt like humans are way more superior to bots.
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May 11, 2020, 02:36:10 AM
 #80

I dont use a trade bot because I have heard some funny stories about it being in efficient some times therefore leading to huge loss, thus it needs maintenance which is quite expensive to maintain.  So I acquired some knowledge of trading,  knowing when to buy and when to sell, this has been helping me for quite sometime now
Actually, there are still good trading bots. Currently in our country, there are many community groups that attract members by creating good trading bots and helping people make a profit. They spent over $ 100k to find the coders and set up a perfect bot for over a year. I followed the signal of the trading bot and made a lot of money, the win rate of the bot was 91%. You can search for MEGA BOT of Tradecoinvietnam, they work very professionally.

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May 11, 2020, 03:33:54 AM
 #81

i'm using this so called codina.io, they trade on Binance Futures, using your API Key.
They work well imo, some days had losses some days had wins, but in overall, the wins covers the losses, which makes it profitable.
I guess that's "normal"?

At least they performs better than me doing manual trades lol
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May 13, 2020, 01:00:21 AM
 #82

No, I prefer doing trading manually since I believe it is the way for the long term success. I don’t think we will move too far with trading bot. I do manual trading only and often I use Market Analysis. It’s also available with my broker FreshForex, which helps with decision making.
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May 13, 2020, 04:40:11 AM
 #83

No, I prefer doing trading manually since I believe it is the way for the long term success. I don’t think we will move too far with trading bot. I do manual trading only and often I use Market Analysis. It’s also available with my broker FreshForex, which helps with decision making.
Actually all of us need to use Bot though not everyday if we are trader,
imagine what will be your activities if needed
 to be outside or be gone for week or months?then we have to use bot
 so our trading is still running even at least
small trades to continue our process with the help of Bot.and also nice
 sharing (or should i say advertising) of your
 marketing site i am looking onto it now and i think i will use this for my
 future trading since Halving did not bring
growth in market i will also cut my trading plans and also i am not busy
now so i can explore more the interne
t to find other places to profit.

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May 13, 2020, 11:07:32 AM
 #84

I don't fully understand the use of bots where you do not know what strategy it's running. You never learn anything and have no idea how to adjust. Of course if you really don't care about learning trading it's fine.
I run bots, but do check in on the performance and optimise. Not a programmer and really did not want to run something that is not backtested so in the end used Cleo.one. Usually I pilot strategies on paper trading first. 
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May 13, 2020, 12:39:05 PM
 #85

I don't fully understand the use of bots where you do not know what strategy it's running. You never learn anything and have no idea how to adjust. Of course if you really don't care about learning trading it's fine.
I run bots, but do check in on the performance and optimise. Not a programmer and really did not want to run something that is not backtested so in the end used Cleo.one. Usually I pilot strategies on paper trading first. 
The only used of trading bots or automated trading is to help a trader to manage his portfolios while he is busy on other things, but automated trading do not guarantee 100% profit. So working on our trades or doing manual trading is still the best because even we may experience losses, there is still a huge chance for us to gain back all of those losses by doing it on our own.

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May 13, 2020, 01:46:55 PM
 #86

I think you can use a trading bot, but you must have the right knowledge how to set the bot before you trade. That is an important thing you should do because the bot will run based on your setting. But you cannot hope that your setting will always work after you set because you know that the market cannot be predicted. So you need to watch the bot running, and if the market changes the moves, you can reset the setting so the bot can follow the market. But as far as I know, some bot will need to pay, whether it's a monthly or one-time payment.

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May 13, 2020, 03:28:49 PM
 #87

I don't fully understand the use of bots where you do not know what strategy it's running. You never learn anything and have no idea how to adjust. Of course if you really don't care about learning trading it's fine.
I run bots, but do check in on the performance and optimise. Not a programmer and really did not want to run something that is not backtested so in the end used Cleo.one. Usually I pilot strategies on paper trading first. 
The only used of trading bots or automated trading is to help a trader to manage his portfolios while he is busy on other things, but automated trading do not guarantee 100% profit. So working on our trades or doing manual trading is still the best because even we may experience losses, there is still a huge chance for us to gain back all of those losses by doing it on our own.

Most people that trade are not full time traders.
Crypto runs 24/7 there is no way to catch everything you need to, unless you trade high time frames. High timeframes are great and undervalued by a lot of traders, but bots for me have been excellent in aiding my trading psychology.

It's hard to execute your strategy after 3 losses in a row, even though you should.
It's hard to take profit according to your plan when half of Twitter is screaming "we're going to the moon!!!"
It can be very hard to be dedicated to your position amount (2% for me from my funds) when you know that massive green candle is coming or you wanna jump into a promising short.
It's hard to work on your strategy when you have the "eh, I'll see how I feel" mentality which can derail your trading plan.
It's hard not to FOMO into a random trade when things are moving.

Bots force you to make the best plan possible and stick with it. This is why there is still less professional competition in crypto trading - only a fraction of traders actually make a plan. Without a plan there is nothing to optimise. Without anything to optimise you will not improve and achieve long term profitability.   
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May 13, 2020, 06:27:12 PM
 #88

I don't use any bot now I ask my friend to trade for me so he does it doesn't mean that I don't loose money at all but so far here is doing pretty well

Not everyone has a friend who knows how to invest. Without knowledge you can easily lose ...

Bitcoin Revolution is very cool only it is available in my country I cost it for about a year.
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May 13, 2020, 09:26:35 PM
 #89

I don't use any bot now I ask my friend to trade for me so he does it doesn't mean that I don't loose money at all but so far here is doing pretty well

Not everyone has a friend who knows how to invest. Without knowledge you can easily lose ...

Bitcoin Revolution is very cool only it is available in my country I cost it for about a year.

Even if i do have a friend that is profitable, I wont still consider or do get that option to entrust them with my money in talks of investment purposes.It would always be better if you do just rely with your own skill and capability rather than entrusting those things to others.Using bots arent bad since this is for automation of actions that you should gonna do when you are away from keyboard. Execution of things on a specific
market situation thats why it do still requires users knowledge towards it.Wrong perception specially to noobs about bots is that this is some sort of money making machine for them.

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May 13, 2020, 10:01:03 PM
 #90

Even if i do have a friend that is profitable, I wont still consider or do get that option to entrust them with my money in talks of investment purposes.It would always be better if you do just rely with your own skill and capability rather than entrusting those things to others.Using bots arent bad since this is for automation of actions that you should gonna do when you are away from keyboard. Execution of things on a specific
market situation thats why it do still requires users knowledge towards it.Wrong perception specially to noobs about bots is that this is some sort of money making machine for them.

You have a point. A very good point only if a person is not really into using bots.

Professional traders even used bots. Sometimes they aren't around their desk so this really matters for a trader that always sets a position no matter what's the trend. Using bot does actually make it feel safe compare to manual. These traders also have a life outside that's why they need these bots.

But for an average trader, or let's say a casual trader, using a bot is not necessary.

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May 13, 2020, 10:07:55 PM
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Not much into spontaneous trading, so I don't know much about bots. But, I have heard there are different groups that uses these bots to pump and dump coins.
Just curious, are bots safe to use? Aren't you risking a lot when using a bot? I mean, what if your bot starts to malfunction? Or what if the bot goes rouge and you lose everything? What if the bot itself steals your coins?

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May 16, 2020, 08:36:14 AM
 #92

Not much into spontaneous trading, so I don't know much about bots. But, I have heard there are different groups that uses these bots to pump and dump coins.
Just curious, are bots safe to use?
Trading bot can be safe to use and may not be either but everything depends on the bot developer competent level which is the reason why traders need to be sure about bot developer experience before using their product.

Aren't you risking a lot when using a bot? I mean, what if your bot starts to malfunction? Or what if the bot goes rouge and you lose everything? What if the bot itself steals your coins?
That's the reason why traders need to be sure of bot developer genuinely level because we have see alot of situations where bot perform it duties very well and after a couple weeks of success trading the bot start malfunction.
I think if better for traders to use price ticker, alert and notification instead of using bot.

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May 16, 2020, 10:40:30 AM
 #93

After reading all these comments it's Looks good to use trading bots. I never use it but I heard about it that many exchanges using it for showing liquidity but it's new for me that individuals also can use it. On exchange their are many trading competition going on and I was wonder how people trade that kind of big volume so now I understand they use bot for trading and win competition. But for me it's Looks complicated so I use myself. Can anyone provide details how can I use it?

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May 16, 2020, 12:15:25 PM
 #94

Even I already made research and find a good trading bot still I didn't use this because I want to avoid getting lose my funds because of this still the programmer and the codes and API are included with the things they indicate on the bots and I'm afraid to do that and now I made my own trading because I can handle how to make more trading because I know the possibilities and the risk I can get on my trades and also I want to become independent on trading because knowledge is the most powerful thing we have and the only thing you need is how to make critical thinking to win your trades and avoid getting liquidated because of having a mistake on the trades.

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May 16, 2020, 02:50:39 PM
 #95

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

if there was a bot witch can gain profit that easily , the price would be over than 5m usd .there is no such thing like that and a machine never can trade over a human because market also work with emotional movement also.maybe bot use very simple stuff like rsi,... but market is more complicate than that.

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May 16, 2020, 06:59:31 PM
 #96

Obviously a thinly veiled advertising post for your trashbot.

I currently use Haasbot and Coinigy as part of my trading, but the vast majority of my trades are still manual rather than algo-based.

I am still writing up a good algo in Python, but so far I've only had limited success in dealing with the volatility while remaining EV+.





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May 16, 2020, 07:35:58 PM
 #97

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I heard that before but I ignored it. Since I am not working with trading bots. I usually trade by my own hands because I work at home as a freelance and I do trade when I am free. Actually, in trading you just need to see your trades movement everyday. Specially if you hodl it for a long term.

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May 17, 2020, 04:47:32 AM
 #98

Even I already made research and find a good trading bot still I didn't use this because I want to avoid getting lose my funds because of this still the programmer and the codes and API are included with the things they indicate on the bots and I'm afraid to do that and now I made my own trading because I can handle how to make more trading because I know the possibilities and the risk I can get on my trades and also I want to become independent on trading because knowledge is the most powerful thing we have and the only thing you need is how to make critical thinking to win your trades and avoid getting liquidated because of having a mistake on the trades.
If you are afraid of your account getting hacked because of using a bot you could always pick an offline bot. There are plenty of them out there, where you download the bot to your computer and the only online connection between your computer and online will be just the exchange, you can check the codes of those things and you will realize that there is no code that gives your information to anywhere else.

I am not shilling anything here because I haven't given any names, there are like tens of bots like that. This is why you would be safe, you are putting all your information into that bot but at the same time its not going to anywhere else but the exchange so you could login and make those trades you want with the bot, that is it so there is nothing to be afraid about.

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May 17, 2020, 12:53:51 PM
 #99

Even I already made research and find a good trading bot still I didn't use this because I want to avoid getting lose my funds because of this still the programmer and the codes and API are included with the things they indicate on the bots and I'm afraid to do that and now I made my own trading because I can handle how to make more trading because I know the possibilities and the risk I can get on my trades and also I want to become independent on trading because knowledge is the most powerful thing we have and the only thing you need is how to make critical thinking to win your trades and avoid getting liquidated because of having a mistake on the trades.
If you are afraid of your account getting hacked because of using a bot you could always pick an offline bot. There are plenty of them out there, where you download the bot to your computer and the only online connection between your computer and online will be just the exchange, you can check the codes of those things and you will realize that there is no code that gives your information to anywhere else.

I am not shilling anything here because I haven't given any names, there are like tens of bots like that. This is why you would be safe, you are putting all your information into that bot but at the same time its not going to anywhere else but the exchange so you could login and make those trades you want with the bot, that is it so there is nothing to be afraid about.
Thousands of BOT traded in this market, but not all BOTs are profitable for you because this market is often unpredictable, and you will face many risks when used. You should analyze and choose the trading your way to ensure a profit and not rely on BOT. Of course, this is just my mind and whether each person has a choice.
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May 17, 2020, 04:55:36 PM
 #100

Thousands of BOT traded in this market, but not all BOTs are profitable for you because this market is often unpredictable, and you will face many risks when used. You should analyze and choose the trading your way to ensure a profit and not rely on BOT. Of course, this is just my mind and whether each person has a choice.
It is not with the trading bots though, keep in mind that what bots are trying to execute is a command from the user, so basically they are acting like the trader's extension hand so if it is profitable or not it will vary on the trader's settings. I've been thinking lately to use bots coz I'm very busy apparently the virus just become a pandemic and here I am been locked in my house for 2 months now, don't need any bots to trade. And to be honest trading manually is better than using bot imo.
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May 19, 2020, 03:55:43 PM
 #101

Thousands of BOT traded in this market, but not all BOTs are profitable for you because this market is often unpredictable, and you will face many risks when used. You should analyze and choose the trading your way to ensure a profit and not rely on BOT. Of course, this is just my mind and whether each person has a choice.
There is literally nothing that is response to what I said in that message. I mean you quoted me so I looked at it to see if there was anything related to what I said, but looking at the response that is totally irrelevant. That is not to say you are wrong, or I am wrong, its just that two messages are totally irrelevant and you didn't need to quote me.

Looking at my post I talked about how if you are afraid of getting hacked by the bot owners, just pick offline bots because that doesn't give any information to anyone and that still stands today. Yours is still correct as well, not all bots are great and not all of them make a profit, and actually no bot ever makes constant profit they do lose time to time even if they are great bots. Both messages gets my thumbs up, just irrelevant.

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May 20, 2020, 03:20:15 PM
 #102

I never used it...
I know that trading bots are very helpful, not cheap trading bots but which are expensive, trading bots are very helpful in selling and buying automatically, I don't use trading bots because I don't have enough money to buy expensive ones, because cheap trading bots don't very nice.



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May 20, 2020, 11:21:46 PM
 #103

The trading bot is a usefull tool and it works. Its just one more tool that we could use to eek out a profit. For anyone serious about trading I cant see the harm in running the bot in the background.

can u tell me how a bot can act with emotions? i think using bot is wasting time already. also so many bots with high price to scam people to join.i saw so many project like that .

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May 21, 2020, 04:29:09 AM
 #104

The trading bot is a usefull tool and it works. Its just one more tool that we could use to eek out a profit. For anyone serious about trading I cant see the harm in running the bot in the background.

can u tell me how a bot can act with emotions? i think using bot is wasting time already. also so many bots with high price to scam people to join.i saw so many project like that .

You're right I've never seen a project like this but trading bots aren't very effective Many times they are not able to give accurate information and are confined to one place so I waste my time. Your own experience is more useful in doing business Therefore, it is better to trade by yourself.

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May 21, 2020, 06:28:45 AM
 #105

I don't trust bots in Telegram channels or communities. Most of them created stable bots initially but after a few months of operation, the bot became very bad. I don't believe in bot makers in this market, it's just bad bots. I also encourage people not to use public bots or tradecoin groups, you will easily lose in the long term.

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May 21, 2020, 08:43:08 AM
 #106

Thousands of BOT traded in this market, but not all BOTs are profitable for you because this market is often unpredictable, and you will face many risks when used. You should analyze and choose the trading your way to ensure a profit and not rely on BOT. Of course, this is just my mind and whether each person has a choice.

I have noticed that using a trading bot brings profit only in the bull market. This was my experience when I used a trading bot. But when the market began to fall, the trading bot could not keep up with the market and could not sell coins due to the fact that their price became less.

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May 24, 2020, 01:22:16 AM
 #107

How does this trading bot work can someone please explain to me. I will really appreciate
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May 24, 2020, 05:32:09 AM
 #108

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

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May 24, 2020, 08:43:53 PM
 #109

How does this trading bot work can someone please explain to me. I will really appreciate
Trading bot is nothing but automation of executing the orders on exchanges you are linked with the criteria you had mentioned.It is not going to make profits for you , it just work and keep working all the time so you no need to execute all the orders manually.

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May 24, 2020, 09:16:35 PM
 #110

How does this trading bot work can someone please explain to me. I will really appreciate
Trading bot is nothing but automation of executing the orders on exchanges you are linked with the criteria you had mentioned.It is not going to make profits for you , it just work and keep working all the time so you no need to execute all the orders manually.

Bot is indeed for automation but majority do have that wrong perception towards bot which they do believe that it can give out money without doing anything which is absolutely wrong into those kind of perceptions towards it because it doesnt really work that way.It will always depend on users knowledge on how they would set out
on what bot should gonna do on a spefici market condition on how they do execute orders neither selling or buying of.If we dont know on what we are doing or even setting out the bot then we are just basically wasting up our money.People should really remove that kind of perception because its totally too far on real life actual usage.

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May 25, 2020, 03:23:17 PM
 #111

I do not use a trading bot and I do not recommend to use one . If the bot is made by a weak developer without a big knowledge in this crypto domain you could lose a lot of money . The best way to learn trading is to do it with a demo.

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May 25, 2020, 03:58:17 PM
 #112

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
The only thing what this bot done is sell a token when it grows and buy when it falls down, but this you can do without a bot too. But, I am finding something that actually trades by signals, but in most cases these signals are useless because it is something like betting tips half/half win/lose ratio.  Smiley

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May 26, 2020, 07:55:23 AM
 #113

Thousands of BOT traded in this market, but not all BOTs are profitable for you because this market is often unpredictable, and you will face many risks when used. You should analyze and choose the trading your way to ensure a profit and not rely on BOT. Of course, this is just my mind and whether each person has a choice.
It is not with the trading bots though, keep in mind that what bots are trying to execute is a command from the user, so basically they are acting like the trader's extension hand so if it is profitable or not it will vary on the trader's settings. I've been thinking lately to use bots coz I'm very busy apparently the virus just become a pandemic and here I am been locked in my house for 2 months now, don't need any bots to trade. And to be honest trading manually is better than using bot imo.
True! Besides, exchange platforms such as Binance and Bittrex also have the tool that you can set the limits of buying and selling. Some of those bots can trade base on the signal. However, it doesn't always work efficiently. Keep in my that bots and trading signal groups are created based on behalf of the creator. If you think it works on behalf of you, you're so naive. The best way to trade is to learn how to trade!

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May 26, 2020, 09:06:14 AM
 #114

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
My question is, are you making money while you're making use of this BitUniverse not? I have not heard about it and I have not used it. Most of the trading bots I know are not generating any profit; that's if it's not all, but I am very sure that I have used any one of them that is profitable. The case seems to get worse when you're making use of free bot. The ones where you will have to pay for it are quite good, but still don't give me what I need and are not all good. If you check these you might start preferring to start trading by yourself if you have the time.

Trading by yourself can be better if you really know what you're doing and can do it the right way. Trading bots mat lead you to losses as well when it may get failed against a high level of fluctuations. Crypto markets are known for wild fluctuations hence there are plenty of chances for most bots to fail at any time.
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May 26, 2020, 03:18:59 PM
 #115

I've used Haasbot, ProfitTrailer, GunBot, EONbot.... The works.

And what I have found is that none of the built in strategies will help you during a bear market. However, during a bull market they can be used to turn a fair weekly profit without much oversight, particularly if you're using conservative strategies.

I'm now looking to try Bitrage from the creators of gunbot. Apparently it can identify and execute on arbitrage strategies automatically. Not sure about paying the crazy price for it though.





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Zackgeno96
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May 26, 2020, 03:41:10 PM
 #116

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I use a custom made trading bot which was made by a friend of mine who owed me a favor and I personally think these bots are not so good in trading, I can do much better if I had enough time to trade in the market as I have tried trading many a times by myself and have made a good amount of return on a small playing wallet. Also you have to keep on monitering the market many a times in a day if you are using a bot and also have to change its settings and if the market takes a sudden turn then you can't do anything about it and will loose most of your coins.

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May 26, 2020, 07:25:31 PM
 #117

How does this trading bot work can someone please explain to me. I will really appreciate
Trading bot is nothing but automation of executing the orders on exchanges you are linked with the criteria you had mentioned.It is not going to make profits for you , it just work and keep working all the time so you no need to execute all the orders manually.

Bot is indeed for automation but majority do have that wrong perception towards bot which they do believe that it can give out money without doing anything which is absolutely wrong into those kind of perceptions towards it because it doesnt really work that way.It will always depend on users knowledge on how they would set out
on what bot should gonna do on a spefici market condition on how they do execute orders neither selling or buying of.If we dont know on what we are doing or even setting out the bot then we are just basically wasting up our money.People should really remove that kind of perception because its totally too far on real life actual usage.
yes you are right, people think that bots give your profits without any losses but in reality its just do nothing other than executing trade orders automatically.And we have to be very careful while choosing bots because it is possible to stole all our money from the exchange's wallet if we get fake bots from hackers.

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May 27, 2020, 07:40:29 AM
 #118

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I never used trading bot, I don't trust in other bots for making profits... I prefer manual trading with stop loss and some rings in the night for place the best buy/sell when the pair that I m monitoring comes to the threshold I decided

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May 27, 2020, 10:10:51 AM
 #119

What is a trading bot? I have never heard of this term before.
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May 27, 2020, 11:08:30 AM
 #120

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
BitUniverse is the Bot I have been using for the last six months, and it gives me a small profit. Of course, the risk can occur at any time if the market suddenly drops, and you need to manage your capital appropriately. However, I will turn off when the market has a lot of bad news and will trade manually because manual trading will give you better control.

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nicecrypto
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May 27, 2020, 07:48:08 PM
 #121

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I use a custom made trading bot which was made by a friend of mine who owed me a favor and I personally think these bots are not so good in trading, I can do much better if I had enough time to trade in the market as I have tried trading many a times by myself and have made a good amount of return on a small playing wallet. Also you have to keep on monitering the market many a times in a day if you are using a bot and also have to change its settings and if the market takes a sudden turn then you can't do anything about it and will loose most of your coins.
Lol! A friend of mine also got trading bot at one point in time but instead of him to gain from using the bot, him ended up losing more than necessary, this is a bot and very possible can be 100% authentic. My friend was pissed off because trading bot didn't give what ihe was hoping for.
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May 27, 2020, 07:53:56 PM
 #122

I never used a bot to trade...I just don't have enough trust in bot trading

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May 28, 2020, 06:11:11 PM
 #123

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I use a custom made trading bot which was made by a friend of mine who owed me a favor and I personally think these bots are not so good in trading, I can do much better if I had enough time to trade in the market as I have tried trading many a times by myself and have made a good amount of return on a small playing wallet. Also you have to keep on monitering the market many a times in a day if you are using a bot and also have to change its settings and if the market takes a sudden turn then you can't do anything about it and will loose most of your coins.
Lol! A friend of mine also got trading bot at one point in time but instead of him to gain from using the bot, him ended up losing more than necessary, this is a bot and very possible can be 100% authentic. My friend was pissed off because trading bot didn't give what ihe was hoping for.
the network offers a lot of trading bots, but most of them are aimed at stealing the trader’s assets. I have never used a bot, but I am interested in such software, since in fact the trading bot gives you the opportunity to receive a constant income and at the same time saves a lot of time for the trader. I constantly monitor the feedback of various traders about cryptocurrency trading bots and we can conclude that a good trading bot has its own value that a trader must pay before starting to use it. Of course, this sounds logical, since free programs that are profitable do not inspire confidence. I would like to know the real opinion of traders about the use of a specific trading bot and what results were obtained.

#business #forextrader #bitcoinnews #invest
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May 29, 2020, 03:46:32 AM
 #124

I Don't why people using a trading bot. I think trading bot is the risky thing for traders. A friend of mine using trading bot but he is not satisfied,People who want to trade they need to learn technical analysis. I think without proper knowledge trader should not trade. So trader should gather proper knowledge before trading.
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June 16, 2020, 07:41:55 PM
 #125

I have never used trading bot, Because i have no idea about it, i have no idea  what i don't know, I rarely use that thing. But now i want to know about it. It would be very helpful someone could give me advice on how to do this and how far? i can make a good income by trading boot. Because it is very important for me to know. I'm interested in learning, Something new and i want to learn it.

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June 16, 2020, 07:49:02 PM
 #126

Never heard of this one. Is it totally legit? Mind if you share some links? Would highly appreciate it.
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June 16, 2020, 08:04:28 PM
 #127

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I never used trading bot, I don't trust in other bots for making profits... I prefer manual trading with stop loss and some rings in the night for place the best buy/sell when the pair that I m monitoring comes to the threshold I decided
That's what I believe too, the use of bot on trade doesn't seem nice to me in particular because of the flexibility of trading Bitcoin or all other cryptocurrency. There is what the humans can control in trade when the market goes negative from the propose aim but don't know if bot van take a decision by itself. Human can decide to cancel trade at their own discretion but for the not too sure. Although, i will like to get a good bot for trade for a test. They are not humans and can't function like humans while in trade.

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June 17, 2020, 10:22:25 PM
 #128

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
Is it one of these free to use bots? Or the ones you have to subscribe for before you are allowed to make use of them?
I haven't tried paid bot, I have only had an experience with the free to use ones, and my experience was bad with them. I know some people have claimed that free bots are always trash, but I think there should be a free version or a test, it could be good to help people see what it's like, and after that they can decide whether to pay or not.

All these paid versions always require that you pay first when you don't know what waits ahead for you. And people that use it are not open, and always secretive as to whether it works or not. But from what I've seen on Reddit, they are not worth it.
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June 18, 2020, 10:56:24 AM
 #129

I can't suggest trading bots. It seem risky. Well, everything does. But I feel like the people who are managing the bots are gaining more profit than you. And also it's bots. It has an algorithm which means it follows the indicators only that is given to it. Which means what? Which means if the market goes the other way when the bots placed a bid then you are more than likely on liquidating you market. So if you have that time even just 30 minutes daily read about trading and patterns. Because I can assure you that you will earn much more in trading rather than using a bot.
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June 18, 2020, 02:11:10 PM
 #130

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I never used trading bot, I don't trust in other bots for making profits... I prefer manual trading with stop loss and some rings in the night for place the best buy/sell when the pair that I m monitoring comes to the threshold I decided
Yeah that make sense to me, trading bot is a tool if we don't have a good strategy we will end up in lose as well. I just think, if I use trading bot and I don't have a good strategy then why I should using it? Moreover with premium trading bot, it means I have to spend money for it. Because I have read some information that there are a legit trading bot but I should pay when I using the service, it will be good if I'm not using it and use the money to add the capital for trading. And yeah, the trader should be aware that there are many trading bot scam, you will lose your money when using it.
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June 18, 2020, 05:33:41 PM
 #131

For me, I do not use trading bots and I do not recommend using them. There are great risks from trading bots. Firstly, the bot must be reliable because it will get significant powers from your account and therefore if the bot scam your account will be in danger. Not just one account but several accounts on several platforms. Also, the bot can be hacked and your accounts may be at risk.
Sure, there are great benefits to using a bot, but there are significant risks, so I prefer not to use it and use normal trading.

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June 18, 2020, 09:02:54 PM
Last edit: June 18, 2020, 11:08:52 PM by spike420211
 #132

Never heard of this one. Is it totally legit? Mind if you share some links? Would highly appreciate it.

Bots are a pretty dubious thing.  You either understand how they work, or not.
There are a lot of fakes and bots on the network promising a stable monthly profit, but most often this is a hoax.

If such bots exist, then no one will share them for any money, because the bot algorithm can be copied or recreated.
It makes sense to use only those bots that accelerate your interaction with the exchange.

But this also makes little sense, because modern exchanges have more than satisfying functional needs.
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June 19, 2020, 10:57:15 AM
 #133

What is a trading bot? I have never heard of this term before.

Trading bots are computer programs that use various indicators to recognize trends and automatically execute trades.
You can buy the code and use it to conclude daily deals, In the event that you do not have sufficient experience to exploit this bot, you are at risk of losing and emptying your wallet.
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June 19, 2020, 07:01:39 PM
 #134

Trading bots are not there so you could profit endlessly and never look back. Think about it logically, if there was a bot out there that would help you profit constantly, don't you think that the whole world would use it? I mean the word would get out, if just 10 people made profits constantly using a bot, they would advice it to other people as well, others would start using it and it would get bigger and bigger.

I suspect 1/10 of all trading in big exchanges are bots, but not all of them make a profit. Sure you can make profit sometimes, but sometimes you lose as well. So do not look at bots like it is a marvelous invention that would print money for you. I would say look at it more like a help, such as you can make a coffee the old way or you can use an espresso machine, it's like that.
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June 25, 2020, 11:55:13 AM
 #135

When the first time I used this trading bot called GEKKO, I really like its features and security when it comes to a trading bot. Although trading bots are not that 100% sure that it will give you huge amount of profits, still it depends on your manipulation even if it is an bot.

That's why it is not guaranteed to use trading bots for huge profits, still manual trading is the most efficient and effective thing to do when you invest in trading. You can use bots if you have some other things to use and if you are unable to focus on trading. You need to deal with the reality that trading is much risky than it is.

Money is not that certain in trading, and if you use trading bots, it can make things worse. But if you are really willing to use trading bot, I suggest you to try GEKKO.

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June 25, 2020, 05:21:01 PM
 #136

Before when I was really into trading, I used to trading bot which helped me to actually earn without manually trading my coins. Unfortunately, I forgot what is the name of that bot tho. I just set the parameters on when should be my orders to be sell at a certain percentage of increase. Using a bot is very helpful and convenient.

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January 18, 2021, 05:19:52 AM
 #137

are those trading bots still popular  Huh

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January 18, 2021, 11:11:27 AM
 #138

are those trading bots still popular  Huh
of course, there is a lot of popular trading bot available. among them, 3commas,cryptohopper, bitsgap,Pionex, Quadency are very popular. Personally, I am using Pionex (https://www.pionex.com) Pionex is AUTOMATED Crypto TradingBot, its World’s 1st cryptocurrency exchange with in-built trading bots. Most interesting fact is, it's totally free. Also, you can use bituniverse (https://bot.bituniverse.org) it's also free. Bitunvierse and pionex are maintained by the same dev, so if you create one account, You can use both accounts with the same id password.

at Pionex the trading fees are only 0.05%, so why like to use Pionex. also there is 10 types of Bot available:
Grid Trading Bot
Reverse Grid Bot
Infinity Grid Bot
TWAP Bot
TTP Bot
Leveraged Grid Bot
Margin Grid Bot
DCA Bot
Leveraged Reverse Bot
Spot-Futures Arbitrage

I am very happy with pionex
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January 18, 2021, 10:35:12 PM
 #139

Don't know about bots but still can be worth an option to look into with a token price Personally I think even with your strategy you can loose money so bot no matter effective can be a bad experience sometimes

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January 18, 2021, 11:11:07 PM
 #140

So far, my trading manual does not use any kind of bot. Just because I want to hone my skills in trading, despite a lot of human error, yes, it’s only natural.
However, I think applying the use of bots in the long term in trading is not effective. And sometimes bots can’t control volatile crypto market situations.
Perhaps in my perception, the bot is only familiar with bullish and bearish trading. But all understandings differ from each other.

/font]
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January 19, 2021, 02:44:46 PM
 #141

Exchanging bot is certainly not a sorcery and an individual who is keen on utilizing this ought to figure out how it attempts to comprehend what coins are viable to be exchanged with and what change would you need to do in your bot to fulfill its motivation. I haven't actually utilize one either in light of the fact that when I read it here in the gathering, exchanging bots are really difficult to utilize on the grounds that you need the information and the right boundaries to have the option to utilize adequately.
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January 19, 2021, 03:48:55 PM
 #142

I stopped using trading bot because I'm still losing money and I think its better to trade on my own which I'm learning it right now on how to execute my trade properly. Some people succeed on their trading because of the BOT and maybe they used trading bot because they don't have much time to study the market and I think you should also used BOT if you think you don't have much time to monitor the price movement.
Yeah I also think that was the purpose of the BOT where it is recommended if you have no time to monitor your trade. Honestly, I haven't used one and I am only do trading by myself, it can be rough sometimes like I could felt lose any moment but still, I can manage it though compared on using a trading bot. I also heard that when you use trading BOT you are pretty much away from losing but I don't think it works that way because you can still definitely lose especially if you placed the wrong sort of strategies on it. The odds of winning will still depend on your TA, I guess.



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January 19, 2021, 04:04:03 PM
 #143

Trading bot is just a piece of joke to me to tell you frankly
But I like to use a trading bot, using a trading bot I can make money 24/7 hours/week. It's very easy to mine. Also, this trading bot is totally free to use. just need to setup the bot. I am sharing a few of my trading result:



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January 19, 2021, 06:46:24 PM
 #144

Yes, RoboSets from TokenSets on Ethereum:

https://www.tokensets.com/
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January 19, 2021, 07:15:58 PM
 #145

No, not yet. I am not expect yet properly but i have a dream about it and i will do that. Many trader use it even personally i start trading very sort time. At least i spend much time in trading for everyday so i will do tech bot trading after got professional trader.

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January 19, 2021, 07:27:13 PM
 #146

No, not yet. I am not expect yet properly but i have a dream about it and i will do that. Many trader use it even personally i start trading very sort time. At least i spend much time in trading for everyday so i will do tech bot trading after got professional trader.
I wonder, because when you spend a lot of time in trading every day I think it might just turn out to be professional if you did it well. Apart from that, I think that using a trading bot does not have to wait for you to succeed or become a professional trader first. Trading bots might be better for beginner traders to use however, using trading bots or not is an option so yes, it is a free choice and of course every trader will choose the most convenient way to trade.

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January 21, 2021, 10:33:39 PM
 #147

No, I don't use any bots. In my opinion, this is too risky. I had a bad experience in using this kind of bots, perhaps it was he who influenced my attitude towards them. In any case, no one will give you a bot, even for an expensive one, which brings constant profit. More often than not, bots tend to lose capital when market moves are ambiguous. The developers, at such moments, say that this is an accident.
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January 22, 2021, 06:35:44 AM
 #148

No, I don't use any bots. In my opinion, this is too risky. I had a bad experience in using this kind of bots, perhaps it was he who influenced my attitude towards them. In any case, no one will give you a bot, even for an expensive one, which brings constant profit. More often than not, bots tend to lose capital when market moves are ambiguous. The developers, at such moments, say that this is an accident.


In the past which one trading bot you have used, will you share here? It would be nice if we can know the name of the trading bot. Personally, I am fine with trading bot till now, but before download, any software tries to check virus. I like to use Virustotal for this (https://www.virustotal.com/gui).
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January 22, 2021, 05:21:54 PM
 #149

I think using bot its quite good and saves our time.
I haven’t yet used it. But i will try in future. As far as i know it is quite handy to use.
But i haven’t experienced it yet.

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January 22, 2021, 06:10:47 PM
 #150

Just trade on your own if you want to be profitable instead of relying on a bot.

I just know this is the best option. A bot malfunctions when a trend change because it has been built to function in a particular way until maybe you reformat it. If you want to make money in trading, labour to learn a strategy.
Bots were invented for lazy investors like myself who are not interested to put an effort into learning the basics and advanced trading strategies. Well, as for the trends you mentioned Bots are updated weekly to suit it. Bots minimize losses.

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January 23, 2021, 03:20:38 AM
 #151

No, I'm not using any trading bot for some reasons :-
1) I want to be a trader, so i try to gather more & more knowledge rather than  using any bots.
2) If you are using bots, then you will be dependent on those bots which i don't want to be.
3) If you will follow the rules in proper discipline with money management then i don't think you need any bot...
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January 23, 2021, 04:44:53 AM
 #152

I have used Cryptohopper for trading bots, but often experience errors due to unsuccessful orders or purchases. other than that in my opinion if you have free time it is better to trade manually.
 The fees that must be paid monthly rent if your capital is not large will only be used up for rental costs. I used to only get a little profit because after I calculated the cost it cost a lot to rent the bot . think again before buying. there is no guarantee that you will always be profitable

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January 23, 2021, 02:32:40 PM
 #153

I am actually using Bituniverse Grid trading bot too and I can say that its a pretty good use, I am currently using the newly launched Bot of Kucoin which is also a trading bot, up to this date I am actually still not losing any $$$$ there since I can let the bot run and stop it anyday I want which is a good thing. Have seen many users there earning more than 3000% APR from running a bot. KuCoin got a good volume imo so their bot is pretty useful too and most of the products on their bot got good volatility but can mainly see there this trading pair https://trade.kucoin.com/ETH-BTC
Choosing the most volatile one is the best decision, you gain the fastest from it can set ranges too depends on your own likings and dont think you will be having a hard time using it too even a beginner in the market can surely use it.
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January 24, 2021, 03:59:38 PM
 #154

I have used Cryptohopper for trading bots, but often experience errors due to unsuccessful orders or purchases. other than that in my opinion if you have free time it is better to trade manually.
 The fees that must be paid monthly rent if your capital is not large will only be used up for rental costs. I used to only get a little profit because after I calculated the cost it cost a lot to rent the bot . think again before buying. there is no guarantee that you will always be profitable
Do not be worried about cryptohopper being like that, I personally used so many and all of them were like that. Unfortunately trading bots are great but they fail in so many stuff that it is not even shocking anymore, it is just not enough and a bot that can do what it says it can do could be a lot better but most bots keep having technical problems over and over and over again; which is why I think it is quite important that we end up using manual trading at the end no matter what trading bot we used.

However the sad part about manual is that you can't check those indicators on those 10+ coins ever 3 minutes, and that is a bit of a problem as well. That is why people created signals, it is not a bot that trades for you, it is a bot that lets you know when something you wanted happened, you want BB under 20? Sure it will let you know, you want MACD at certain levels? Sure it will let you know. That way you have a bot, but you trade yourself. But I suggest making your own signal bot, otherwise others could be very bad.

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January 28, 2021, 02:46:34 PM
 #155

Kucoin recently released their own trading bot via their mobile app. It currently support Grid bots and Dollar cost averaging. Kinda nifty if you use kucoin as your main exchange.

I have one grid bot running for ETH/BTC pairing on there.

BitUniverse's bot is my other alternative, great bot with good features tho it's kinda funky sometimes but is pretty much reliable nonetheless.
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January 29, 2021, 05:22:36 AM
 #156

Kucoin recently released their own trading bot via their mobile app. It currently support Grid bots and Dollar cost averaging. Kinda nifty if you use kucoin as your main exchange.

I have one grid bot running for ETH/BTC pairing on there.

BitUniverse's bot is my other alternative, great bot with good features tho it's kinda funky sometimes but is pretty much reliable nonetheless.

Actually, I am using Bituniverse for almost 1 year gone. It's best near to mine, also using Pionex for a lot of trading bot option. Now kucoin also following Bituniverse Smiley Smiley that I believe. Most of the time I like to use Kucoin API at Bituniverse because at kucoin any kind of amount buy and sell is possible. So kucoin is good on this site(although the volume is not so high). But at Binance or pionex it's not possible. At Binance there is a need minimum of $10(worth of altcoin)for buy-sell per grid/order. So kucoin is good at this stage. Now I am running 4 grid trading bot and I am in profit also Smiley Happy trading
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January 29, 2021, 10:28:40 AM
 #157

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I'm currently using KuCoin Trading Bot, you can access it on KuCoin App for me it's very easy to use and they have most of the trading pairs in their spot market. They also offers Dollar-Cost Averaging (DCA) trading on their trading bot.
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January 29, 2021, 01:17:46 PM
 #158

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I am currently using KuCoin's Trading Bot, you can access it on your mobile phone through app. Pairs like BTC & ETH have a very low minimum investment on KuCoin Trading Bot. They have Telegram Group where you can freely ask anything about how their trading bot work.
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January 29, 2021, 02:48:25 PM
 #159

I expect that is likewise the situation with other exchanging bots. An exchanging bot is anything but a wizardry and an individual who is keen on utilizing this ought to figure out how it attempts to comprehend what coins are viable to be exchanged with and what change would you need to do in your bot to fulfill its motivation. Exchanging bots are quite difficult to utilize in light of the fact that you need the information and the right boundaries to have the option to utilize adequately.

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January 29, 2021, 02:53:13 PM
 #160

I used a trading bot a few months ago, but I don't think the trading bot is completely accurate, there are still some bugs running. in trading I feel completely manual control in ourselves, so I think trading bots may only be 30% effective in helping our trading

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January 29, 2021, 03:32:43 PM
 #161

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh

I would recommend if you are really cautious about your money, then it’s better don’t use any bots.
Normally I myself don’t like any kind of interference from 3rd party apps when it comes to money things.
Yes if you are really busy and cannot quickly buy or sell, then i would recommend using legit bots.
Personally I haven’t used any bots, but as many veteran traders have already given you so many options, then go for the desired one.
But as always i will say, stay away from 3rd parties when it comes to money.

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January 29, 2021, 06:26:17 PM
 #162

Seriously since have started trading have not really used any kind of bot before but I don't really believe in both am sure Bot can really fail as far as the Bot is programmed. You can be using it and be making your profit but it won't countinue like that but I won't discourage you from using it since it's working for you always use the method that pays you.

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January 30, 2021, 02:21:57 AM
Last edit: January 30, 2021, 04:13:16 AM by Nice-Block
 #163

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I am currently using KuCoin's Trading Bot, you can access it on your mobile phone through app. Pairs like BTC & ETH have a very low minimum investment on KuCoin Trading Bot. They have Telegram Group where you can freely ask anything about how their trading bot work.
I also tried this bot, and for me, it gives us an advantage since we can truly gain a better profit after started in with a particular pair with the best entry point of course.  
By that. I conclude that trading bots then again also bodes and have done a great part for us traders.
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January 30, 2021, 05:35:35 PM
 #164

Exchanging bot is definitely not a sorcery and an individual who is keen on utilizing this ought to figure out how it attempts to comprehend what coins are successful to be exchanged with and what change would you need to do in your bot to fulfill its motivation. I choose to utilize manual exchanging in light of the fact that I think I possibly exchange on the off chance that I need to exchange and I can see the opportunity to make a benefit.


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January 31, 2021, 10:34:44 AM
 #165

Seriously since have started trading have not really used any kind of bot before but I don't really believe in both am sure Bot can really fail as far as the Bot is programmed. You can be using it and be making your profit but it won't countinue like that but I won't discourage you from using it since it's working for you always use the method that pays you.
Using bot doesn't mean you get automatic profit, for real people who has never used bot should stop making this wild assumption. using bot however could assist you in making buy or sell order at certain price poin and many more.
by that you won't have to worry waking up in the middle of the night checking the market for bullrun or bearish. It's just to do things that otherwise will make you tired if you don't take advantage of the bot feature. at the end of the day you're still the one who configure how that bot behave which could decide profit or loss.

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January 31, 2021, 07:48:00 PM
 #166

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
Do not be afraid of using them, they are not going to suddenly hurt you, it is just a trading bot and if you put money in it that you are willing to lose? That is going to be fine, and that is not going to hurt you at all.

We are talking about literally just a few hundred bucks at most, and put it in there and configure the bot however you want and in the end you are going to end up with a great situation where if you lose you won't care and if you win you found something that can make you money. That type of no loss but more gain type of situation is all we are looking for in investment as well.

I personally didn't like them, but not because they were bad, but because I do not like to leave the control over to something else, I rather have all the power myself and do whatever I want with it, someone else or something else doing it just didn't made me feel comfortable.

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January 31, 2021, 08:36:46 PM
 #167

Seriously since have started trading have not really used any kind of bot before but I don't really believe in both am sure Bot can really fail as far as the Bot is programmed. You can be using it and be making your profit but it won't countinue like that but I won't discourage you from using it since it's working for you always use the method that pays you.
Yes, I am not trusting any kind of bot too. I think it can only make my money lose once it have an error it will cause me only misfortune, honestly I use it before so that I can buy, it was refer to me by my friend and then one day we surprise that we have a negative amount of PNL, so since then I will not use any bot because we cannot understand what will bot gonna do, maybe it can help us to buy and sell at the right time sometimes or it cannot be.

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February 01, 2021, 03:57:36 AM
 #168

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I'm currently using KuCoin Trading Bot, you can access it on KuCoin App for me it's very easy to use and they have most of the trading pairs in their spot market. They also offers Dollar-Cost Averaging (DCA) trading on their trading bot.
I am also using the Kucoin app for grid bot. But the problem is you can to able to trade with your desire coin right now. They only listed a few coins/pairs for now. Also, you can place only 62 grid at once but At Pionex I can setup 149 grids at once. Bitununiverse and Pionex are developed by the same team and if you have one account here you can log in to both sites. Also, Pionex offering a lot of trading bots and all are free to use. you can check bot details from here: https://www.pionex.com/

Grid Trading Bot
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February 01, 2021, 04:11:24 AM
 #169

Never heard BitUniverse grid trading bot but it seems it is an app for Android and Apple iPhone. I can't even find their opensource code which is I think not safe to use as a trading bot even it is free.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.

Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko

I agreed. Zenbot amd Gekko is completely a opensource trading bot.
Both are safe for do trading.
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February 01, 2021, 01:30:56 PM
 #170

Never heard BitUniverse grid trading bot but it seems it is an app for Android and Apple iPhone. I can't even find their opensource code which is I think not safe to use as a trading bot even it is free.

I know two trading bot which is used by many traders and verified safe that you can deploy in your own PC.

Take a look at these two trading bots below:

- https://github.com/DeviaVir/zenbot
- https://github.com/askmike/gekko

I agreed. Zenbot amd Gekko is completely a opensource trading bot.
Both are safe for do trading.

I am more into dice bots... it's somehow easier for me to find a good set up, and to add something if I see, I know what I can and what I can't with my bankroll... it's the same with trading bots, you need to know how to set it up for your capital! It's not easy as it looks like! So when you try it, try with money you can have fun with, to learn about the bot and to know what are pros and cons of bot! When you get more into it, than you can rise stakes and invest more in that bot and your strategy! I still like to trade manually, usually mid and long run trades, but I have interesting day trading sessions from time to time.

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February 02, 2021, 06:20:18 AM
 #171

Daytime, I'm manually trading and using bots "as support" where time reaction is critical.

Nighttime, I'm leaving bots with trading only permissions on slow markets and with "Withdraw disables" APIs.

Gekko is excellent and can modify it by your need as it's open-course.

Another good option is Pionex.com. They have many bots.

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February 03, 2021, 02:30:36 PM
 #172

I'm not using trading bots.  I'm trading on binance.  And I trade completely manually with no stop loss, no boats.  At some point I suffered a lot of loss.
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February 03, 2021, 04:17:32 PM
 #173

I always try to do trade trade with manual mode.Because, i have now not much idea about trading bot and i'm not khow how to use all of those trading bot.
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February 03, 2021, 05:22:37 PM
 #174

I used a trading bot a few months ago, but I don't think the trading bot is completely accurate, there are still some bugs running. in trading I feel completely manual control in ourselves, so I think trading bots may only be 30% effective in helping our trading

Could you share some information about that trading bot? I would try to use this bot in my trading. If not difficult, please share this information. Those bots that I found in the end turned out to be nothing more than just if / else and nothing more.
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February 03, 2021, 11:19:20 PM
 #175

Depends on the situation. If I have little time to analyze the market, I occasionally use BOT to help my trades to avoid losses.
But it’s completely unable to help. It’s just to minimize losses.
But sometimes I also want to hone my skills in trading, when I have a lot of free time. Use BOT and there is no difference.
By using BOT, for some traders it can be more relaxed.

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February 03, 2021, 11:26:16 PM
 #176

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I am currently using KuCoin's Trading Bot, you can access it on your mobile phone through app. Pairs like BTC & ETH have a very low minimum investment on KuCoin Trading Bot. They have Telegram Group where you can freely ask anything about how their trading bot work.
This is actually interesting. I've always considered the use of bots dangerous and just couldn't bring myself into entrusting a bot to do the trading for me but I'm starting to realize that a bot might actually be useful, specially when tracking several coins at once.

So, good thing you brought it up OP, it's giving people a different perspective and hopefully making a whole new approach more endearing.
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February 09, 2021, 09:38:17 AM
 #177

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
I am currently using KuCoin's Trading Bot, you can access it on your mobile phone through app. Pairs like BTC & ETH have a very low minimum investment on KuCoin Trading Bot. They have Telegram Group where you can freely ask anything about how their trading bot work.
This is actually interesting. I've always considered the use of bots dangerous and just couldn't bring myself into entrusting a bot to do the trading for me but I'm starting to realize that a bot might actually be useful, specially when tracking several coins at once.

So, good thing you brought it up OP, it's giving people a different perspective and hopefully making a whole new approach more endearing.
sure not all of them are dangerous but how to find the one whom you can trust and use for most of the coins

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July 23, 2022, 01:10:04 PM
 #178

this is a Binance Trading Bot BTC you can using on binance exchange
https://arttechlaw.com/img/bot_performance.png
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July 23, 2022, 03:33:46 PM
 #179

I'm using BitUniverse's Grid Trading Bot, and I think it's really good to buy low and sell high everyday for me, cause the market is fluctuating recently. More importantly, it's totally free and supports 20+ exchanges like Binance. Any more bots are you using? Please recommend.  Huh
Actually i don’t know much about BitUniverse's Grid Trading Bot. I have no experience on it. But  I have used the trading bot from kucoin for quite some time. But now I don't use bots.  I don't think using bots is more profitable.  But for trading I do manual analysis and use paid signal channel. these way is computable for me


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