Best Trading Bot out there?

[very_452001]

Can Bots nowadays have smart algorithms to take in past history info and be smart enough to make right trades in bull and bear markets? Or is it just dumb trades that is buy low sell high whenever the bot sees the chance that can be many trades in a day or can bots be efficient like the best human traders and do less trades with the maximum profit?

What I dont want is a bot buying in bull market then bull market finish into bear market and bot still holding at high buy price you know what I mean.

Any bots that do shorting?

Are bots live, that is all bots trading is done from the bot's server/website running 24/7 or do I require a VPS?

[stomachgrowls]

Read it up and you will able to have some grasp on how Trading bot works https://www.gunbot.com/how-gunbot-works/

It doesnt need or require VPS since you can run it on your computer directly. Talking about effecient? yes they do but

all of action execution would always vary or depend into its user. Dont ever believe on thing that these bots are making money

for you without doing anything which is really a wrong perception that most people do had.Gunbot isnt the best but i

would recommend this one.

[Baofeng]

Usually bots needs to run 24x7, so yes you need VPS for it to take advantage of it. Of course you can run it in your local machine but you have to open it 24x7 that's why VPS is the thing to do here.

I can't recommend any bots, perhaps each one has it's strength, but the one widely use if I'm not mistaken is gunbot as suggested by @stomachgrowls.

However, to be able to maximised bots, you should at least know some basics of trading, because there are a lot of parameters that you need to set up in order to work your bot perfectly. If you don't know any trading, then I advise you not to buy a bot, but inside educate yourself first.

[Jating]

Bots are supposedly design to make its user make money. But for comparison, you can go and visit this thread.

Practical comparison of trading 🛸 bots 🛸 - "Which is the best?"
Best Crypto Trading Bots Review

Everything is possible it you know how to used the bots, regardless if we are in a bull or bear market. Obviously, it is piloted by you, so it's up to you how to set up your bots. I would say that VPS is a must, and if I'm not mistaken some of the bots have integrated VPS, but it is a separate payment.

[minairia3]

I think bots are only designed to ride the wave of spot trading it helps since they can recognize market movement in a flesh. However,

Any bots that do shorting?

This term relatively used on margin and future contract trading.  I believe they cant set own their own accord the possible profit through TP and loss on SL. These are high level class of strategy by traders but if ever there is a high intelligent created bot, maybe its worth a shot. For now, I would rather execute it myself.

[joniboini]

What I dont want is a bot buying in bull market then bull market finish into bear market and bot still holding at high buy price you know what I mean.

This depends on how you set up your bot. If you choose parabolic sar only with a very short time frame then you might lose money even if you use a very advanced bot. Some bots might give a default template but if a lot of people use the same thing the profits will be smaller than what you expected. An open source bot with lots of customization is available out there if you want to try and experiment how exactly each strategy works.

That being said, the 'best trading bot' is also a loose term. What I know for sure is that there's no guarantee that your $100 will turn to $1k just because you use a bot.

[ethereumhunter]

Bots help you to semi-automated trading, so you don't have to watch the market 24 hours. You only need to set the parameter that will be used to trade, and the bots will do the rest. I think each bot can work in any situations depend on how you set the command, and the bots will follow your setting. But if somehow, the market change the movements and you are late to reset the command, the bots will still work using the old configuration, so you need to set it with the new parameter.

If you don't have a computer which can online 24 hours a week, then yes, you should use VPS to execute the bots. But before you use the bots, you should learn the basic command how to use the bots, so you don't confuse to make your first set.

I am sure each bot have advantage and disadvantages so I think we cannot compare it because the bots will run with each setting base on what you set.

[very_452001]

Okay anyone can recommend popular VPS services that everybody is using?

Im looking for a vps service thats have good deals at the moment or any long term free vps?

Vps service must be reliable that is I expect the company to still be running in 5-10 years time not go under losing all my server settings and files.

Is there any decentralised vps?

Which operating system everybody is using for their vps?

[el kaka22]

I have so far used about 4 bots and none of them really worked the way I wanted it to work. Interestingly all of them were designed to work the way I want it to work but the way I wanted to work wasn't available there. All bots these days are designed in a way that you put in everything you want to, they are very detailed, very improved high tech stuff and whatever you tell the bot to do, it does it 7/24 without stopping.

So if you think there is a way that you could make money from trading, the bot will do it 7/24 without ever stopping on hundreds of coins. However the way I wanted it to work was "set it up, put your info in, click start, count profit" and no bot can do that, there are bots that claim to to do it but I have tried all of them and spent thousands of dollars, none of them does it.