Are you using a trading bot?

[marcelsantoso]

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

[Freddy11]

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.

[rodskee]

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.

[Katerinche]

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. 

[Kong Hey Pakboy]

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.

[ethereumhunter]

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.

[Katerinche]

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.   

[Skieleton]

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.

[milewilda]

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.

[chaser15]

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.

[adzino]

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?

[posi]

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.

[Bitlover10]

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?

[Assface16678]

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.

[schuriken]

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. 

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.

[rexxarofmoknathal]

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+.

[Hemady17]

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 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.

[justdimin]

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.

[Synaesthesia]

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.

[Twentyonepaylots]

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.