The most safe AI trading bot?

[rexxarofmoknathal]

i have seen a bunch but none of them could keep performing well since they aren't really "AI", they are just predefined scripts that perform the same action based on a bunch of conditions that were hardcoded by the  developer and since the altcoin market is extremely unpredictable they always end up "confused" and lose you a lot of money. all is needed is a simple dump or even a pump to screw with the bot completely.

Using a bot in trading? I'd rather make myself better in trading that use a trading bot.

Trading bot is not that effective in any situation especially if we know that the market is not that stable. Your strategies should depend on your technical analysis in the market, you are the one who are responsible for the result of your trading that's why you should not rely on a trading bot. I already used a trading bot before but I don't find it really effective when I want a huge profit in trading, it just increase more risks for me. But I suggest you to try Gekko, that's a good trading bot that you can try. Just be careful on using it and always check it so that you will not have a huge losses. Failure and losses are unpredictable in a volatile market.

Rightly said @AniviaBtc trading bots are not my thing especially when it comes to trading. I understand that people want quick money but in my opinion I'd rather carry the responsibility of loss myself rather than a bot which could much quickly lead to a loss.

Unlike a human the bots at the moment only train and recognise certain parameters, they're not adaptable and trading is all about adaptability.

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[ReiMomo]

~snip~
E.g. in Bitmex, you gonna give your API key to one the premium signal you subscribed and once they want to do trade, they will execute the trade, and all subscribed account to there, will also able to open trade position on their account.

Is this really safe if we subscribe to that premium signal you've said?

AFAIK, there's a risk of giving an API key to the third party such as AI bot. There might the chances of being hacks or scam when you wake up all your fund's suddenly disappeared because you already scammed with them, that was the most I afraid when we use AI bot in trading.

That's correct though, trading AI bot tool in your trading activity will not help you to improve your skills, this is I guess make you lazy because you depend on the bot, not on your own skills.

[el kaka22]

First of all I would like to make it clear that there is no "AI" bot right now in the market, when we are talking about artificial intelligence there are tons of people who think there are robots who can think for themselves and question themselves etc etc, like actual critical thinking humans are capable of.

Right now that technology doesn't exist at all, you won't see a robot that questions its existence and get out of the parameters that is given to them.

However we have what we call "machine learning" which you give certain tasks and limitations to a bot which perfects itself using those parameters to do that task without going outside of these limits. And considering it is a human that gives that task and a human that puts those limitations, and codes that bot, it is safe to say there is none that could ever be as good as a good trader.

[sbogovac]

[...] considering it is a human that gives that task and a human that puts those limitations, and codes that bot, it is safe to say there is none that could ever be as good as a good trader.

Not as "good", no. But a lot quicker and more productive? Sure.

It is a tool. And like all tools it can help. But it is as good as it's operator is (or else, as always: BIBO).

But a skilled tradesman with tools is still more productive than one without tools...

[ayaanajones_crypto]

I have a better option for you. NexFolio AI crypto trading bot.

It is an Artificial Intelligence-based all-in-one crypto platform where traders and investors can benefit from various services like crypto trading and earning - all with a single account.

You can subscribe to any number of bots and configure them to trade even while you're asleep. The bot uses excellent trading signals to provide maximum profits.

Nexfolio has many unique features and benefits like editable stop-loss values in active trading, AI-powered trading, premium signals, bot marketplace, and flexible hold & earn options.

[SquallLeonhart]

does somebody know about some trading solution that trades automatically while you sleep? Something that doesn´t require your time and skill? I used Zignaly last time, but the situation in the market changed and altcoins didn´t perform well, so my portfolio was in a loss and I decided to stop, now I am looking for something that is proven to work even the market is currently quiet.

Bots cannot come without risks hence you are looking for something which is completely contradicted to itself. You must need to accept risks involved if you are going for bot based trading. I read there are lots of people here are already into bot based training but the results are not having any big differences from manual trading. Probably they might be saving some of their screen time but other than that there will be no big differences in profit ratio.

[Silberman]

Hello, does somebody know about some trading solution that trades automatically while you sleep? Something that doesn´t require your time and skill? I used Zignaly last time, but the situation in the market changed and altcoins didn´t perform well, so my portfolio was in a loss and I decided to stop, now I am looking for something that is proven to work even the market is currently quiet.

Thanks for every suggestion!

You're looking for something that doesn't really exist, you can find many scripts out there that can trade for you, but at least to me it seems that you are looking for those solutions because you cannot trade on your own and if you cannot do that then how can you expect to know if a script is any good, in my opinion you have it backwards first you need to learn how to trade on your own and become profitable and then and only then you can create your own script that trades the markets automatically for you.

[Panxora_COO]

I believe we are experiencing a long term secular bull market. That means the best result will be achieved if you set up a long position and consider this risk management software It is designed to look for stresses in the market and heightened volatility. When it senses high volatility and the likelihood of the market having a drawdown it hedges your position in fiat. Then when the market stabilizes, the software removes the hedge moving your position back into crypto, most frequently at a better price.
There are about 40 markets this software work on.
You need a bit of patience, but panxora has been trading using this software since 2017 and has achieved very good results in both bull and bear cycles.

[Ryker1]

does somebody know about some trading solution that trades automatically while you sleep? Something that doesn´t require your time and skill? I used Zignaly last time, but the situation in the market changed and altcoins didn´t perform well, so my portfolio was in a loss and I decided to stop, now I am looking for something that is proven to work even the market is currently quiet.

Bots cannot come without risks hence you are looking for something which is completely contradicted to itself. You must need to accept risks involved if you are going for bot based trading. I read there are lots of people here are already into bot based training but the results are not having any big differences from manual trading. Probably they might be saving some of their screen time but other than that there will be no big differences in profit ratio.

Well because the fact is that a bot will not work without your command and that is only a bot that needs a human setup -- it will not work alone and decide alone. There is a risk when you are setting the bot when it will execute in trading. AI trading bots are the perfect tool in trading in most active trading but don't have much time, because this automated trading bot will work on behalf of you even while you sleep but as I said earlier, it needs to be set up first. Speaking of risk, that belongs to your trading activity which is trading is known us risk, not the bot itself.

[TelolettOm]

I don't think that there are the safest trading bots. There will be some weakness of them and maybe not secure enough. And if we are asking for at least the secure trading bot, it may need to pay. However, until now, I am not finding out the kind of good AI trading bots that suit.

[checkmatesir]

I would suggest you zignaly which is best one. And i can say trading bots can be productive given you've got the mastery to arrange it well so that it can utilize exchanging openings to its advantage and surrender tall benefits. Whereas there are numerous crypto trading bots within the advertise simply might attempt utilizing, not all are solid or proficient.

[Silberman]

I don't think that there are the safest trading bots. There will be some weakness of them and maybe not secure enough. And if we are asking for at least the secure trading bot, it may need to pay. However, until now, I am not finding out the kind of good AI trading bots that suit.

And it is very easy to see why this is the case, trading bots mostly have two options, they give you the option to either use a strategy that is already present in the bot or you can code the bot to perform a strategy of your own, the first option has the problem that everyone is using this particular setting and with enough users of that trading bot that means that the strategy is going to become less and less profitable, and the problem with the second is that you need a successful trading strategy and then the ability to put that into code, which begs the question of why you bought the trading bot in the first place?

[Rrita]

You can check out cleo one, they seem to be pretty convenient.

When you are referring to something you need to be more clear. After doing google I found Cleo one (https://cleo.one) Website. Today first hearing about this website. now looking for more information...

How long you are using Cleo one trading bot? How many strategies have you tried till now, they are profitable or not? Do they have any Announcement thread in this forum? It would be good if you share your experience with us. I have visited their Twitter and Facebook pages, it seems that they are very new. However, I will check this site and update my post.

[goldade]

i have seen a bunch but none of them could keep performing well since they aren't really "AI", they are just predefined scripts that perform the same action based on a bunch of conditions that were hardcoded by the  developer and since the altcoin market is extremely unpredictable they always end up "confused" and lose you a lot of money. all is needed is a simple dump or even a pump to screw with the bot completely.

I totally agree with you. There's no trading bot that can actually make accurate predictions all of the time. Just like you mentioned, only a simple pump or dump is needed to screw up the bot.
Besides, I do believe that a person who doesn't want to go through the labour of acquiring the necessary skills and knowledge for trading shouldn't have the privilege to trade. If you want to make profits trading, then it means that you should take the necessary time out and learn what trading actually means and how to trade profitably.

[Ararbermas]

Rightly said @AniviaBtc trading bots are not my thing especially when it comes to trading. I understand that people want quick money but in my opinion I'd rather carry the responsibility of loss myself rather than a bot which could much quickly lead to a loss.

Unlike a human the bots at the moment only train and recognise certain parameters, they're not adaptable and trading is all about adaptability.

yup trading bots will perform only what program it has..So for that reason there's a high possibility as well that it will lead you to losses instead of quick profits once market suddenly change performance.. For me yes it's always good to take the responsibility wherein even you need time for it, at least you can assure that your money safe at the same time unlike bots that you can gain quick profits without doing anything but the losses is too high also if you made mistakes and you forgot to manage it..

[LUCKMCFLY]

I do not know if you have heard of a bot called Morphina, so far the one that sounds the most in some telegram groups is that, apparently that bot gives analysis and why it has to make a bullish or bearish movement, the truth is I only interacted only once and it didn't seem bad to me, besides that it is free, but the limitation is that I believe that it must be subscribed to a telegram group so that it can respond to you and everything that is written because other people read it. Apparently it is from IA And it gives you the live statistics that are happening in the market, I may now have much more information, about 3 months ago I tried it and it gave me very good answers.

[Shasha80]

I don't think that there are the safest trading bots. There will be some weakness of them and maybe not secure enough. And if we are asking for at least the secure trading bot, it may need to pay. However, until now, I am not finding out the kind of good AI trading bots that suit.

That's why I prefer manual trading, because there is no 100% guarantee of making profits using trading bots. Even some of the trading bots that
I use, only make me lose the capital I have quickly. I agree with you, all trading bots must have weaknesses, so think again if we want to use
trading bots. And don't ever think using trading bots will give us automatic profit, it all depends on the strategy settings on the trading bots.

[Mkmanik]

I am using a lot of trading bots nowadays and most of them are suitable for me. If you know how to use it Than it will work for you nicely. They designed the bot, as a user you need to set up the parameter. however, Nowadays most of the exchanges offering free bots, Kucoin is one of them. Binance also offering a Grid trading bot(futures).
I found a thread in this forum about Crypto trading bots, From here you can know about various bots: https://bitcointalk.org/index.php?topic=5278392.0