Are you using a trading bot?

[thesmallgod]

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.

[cafetools]

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.

[SatsLife]

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

[Angemas]

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. 

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.

[cafetools]

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.

[shade jenn]

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. 

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.

[adaseb]

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.

[el kaka22]

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. 

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.

[Arkann]

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.  

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.  

[Timmzzy]

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. 

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.

[Utoy101]

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. 

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]

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.

[moonblue907]

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

[globalgaurav]

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

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.

[culuuton]

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. 

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.

[milandres0207]

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. 

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.

[tvplus006]

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.

[bitbunnny]

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.

[princerepon]

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. 

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.

[Savemore]

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.