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Author Topic: Recommended Trading Bot.  (Read 372 times)
cutezap (OP)
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July 29, 2020, 08:51:38 AM
 #1

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?
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July 29, 2020, 09:31:59 AM
 #2

If you're a beginner: No, I don't think trading bots are really recommended at all. Probably try focusing on your manual trades first.

If your an advanced user: Open-source trading bots such as Gekko[1] exist, whereas you can freely configure the software and implement in your strategies and indicators.


[1] https://gekko.wizb.it/

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cutezap (OP)
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July 29, 2020, 03:12:54 PM
 #3

If you're a beginner: No, I don't think trading bots are really recommended at all. Probably try focusing on your manual trades first.

If your an advanced user: Open-source trading bots such as Gekko[1] exist, whereas you can freely configure the software and implement in your strategies and indicators.


[1] https://gekko.wizb.it/

It says " This project is not maintained anymore. " do you recommend one using a trading bot which is no longer maintain, if so let me know.

Also I will love to know of other trading bots which are good as well.
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July 29, 2020, 03:30:04 PM
 #4

It says " This project is not maintained anymore. " do you recommend one using a trading bot which is no longer maintain, if so let me know.

Also I will love to know of other trading bots which are good as well.

Yep, but it's open source so you can tinker it to your liking if you know how to.

P.S. If you're looking for a trading bot that you're literally just going to turn on and that it will simply make you money non-stop, then such thing doesn't exist. There are existing trading bots that do all the trading for you, but in the end, it's highly likely that you will be losing money.

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July 30, 2020, 08:12:01 AM
 #5

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?
There's no such thing as trading bots for newbies or beginners, at least you should have a grasp on how trading works. Bots will not function as design if you don't know how to set the parameters to make money for you. And that is the problem with newbie traders, they thought that bots are going to make money for them automatically, while they sleep, 24x7, that is a wrong notion.
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July 30, 2020, 08:28:58 AM
 #6

On those trading bot articles you've read, have you find something that makes you more interested in trading?
Well, I suggest you to the Gunbot (I'm not connected with this) its easy to use and to understand, just do your part to read everything about Gunbot before you start trading.

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?
There's no such thing as trading bots for newbies or beginners, at least you should have a grasp on how trading works. Bots will not function as design if you don't know how to set the parameters to make money for you. And that is the problem with newbie traders, they thought that bots are going to make money for them automatically, while they sleep, 24x7, that is a wrong notion.
There's a default setting on BOT and if you are not familiar with the indicators you can choose that default setting and let the BOT trade for you. Though, Newbies still need to study trading and how it works, using a BOT in trading can still a big help for you.

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July 30, 2020, 08:30:27 AM
 #7

You can also try Zenbot[1]. I used them once to play around, it's cool and good enough as long as you know how to set up your strategy. You can also do some backtesting to tray it first before integrating with your exchange account.

[1] https://github.com/DeviaVir/zenbot

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cutezap (OP)
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July 30, 2020, 08:53:32 AM
 #8

It says " This project is not maintained anymore. " do you recommend one using a trading bot which is no longer maintain, if so let me know.

Also I will love to know of other trading bots which are good as well.

Yep, but it's open source so you can tinker it to your liking if you know how to.

P.S. If you're looking for a trading bot that you're literally just going to turn on and that it will simply make you money non-stop, then such thing doesn't exist. There are existing trading bots that do all the trading for you, but in the end, it's highly likely that you will be losing money.

shit, thanks a lot man you are the best.
cutezap (OP)
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July 30, 2020, 09:08:14 AM
 #9

On those trading bot articles you've read, have you find something that makes you more interested in trading?
Well, I suggest you to the Gunbot (I'm not connected with this) its easy to use and to understand, just do your part to read everything about Gunbot before you start trading.

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?
There's no such thing as trading bots for newbies or beginners, at least you should have a grasp on how trading works. Bots will not function as design if you don't know how to set the parameters to make money for you. And that is the problem with newbie traders, they thought that bots are going to make money for them automatically, while they sleep, 24x7, that is a wrong notion.
There's a default setting on BOT and if you are not familiar with the indicators you can choose that default setting and let the BOT trade for you. Though, Newbies still need to study trading and how it works, using a BOT in trading can still a big help for you.

Thanks very much. it looks like Gunbot is not open source and it ask for payment, I will check on it as well. Really love their interface, I will definitely check on that.
cutezap (OP)
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July 30, 2020, 09:25:45 AM
 #10

You can also try Zenbot[1]. I used them once to play around, it's cool and good enough as long as you know how to set up your strategy. You can also do some backtesting to tray it first before integrating with your exchange account.

[1] https://github.com/DeviaVir/zenbot

Wow Zenbot is an open source, thanks very much.
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July 30, 2020, 12:55:28 PM
 #11

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?
I was also looking it by then and created this TOPIC
 to ask how bots can be of good help to become more profitable and work for us after setting it up. However, I was disappointed to know that Bots can't just provide what we wanted to be and can't rely on it to have a reliable positive output.

Maybe they are right and maybe I was hopeless then to have Bots that will work good (or at least). But I hope that you can look for it the same thing I do. And I believe that this innovative trading strategy will work great in the future, we only need time for it to completely develop into near perfection. That is why I will never to recommend something for you coz until now, I'd never find it.

Anyway, I hope this could help. https://tradingstrategyguides.com/crypto-trading-bot/
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July 30, 2020, 01:06:51 PM
 #12

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?
You may lose some money when you want to start with it without developing a strategy.
start with zero risk Trading Simulators and then choose your trading bot

https://cryptoparrot.com/: take advantage of our free simulated crypto exchange without risking your capital.
https://bitcoinflip.app/: free bitcoin simulator and cryptocurrency trading game for beginners in the trading world.

then any trading bot will make you making profits.
crwth
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July 30, 2020, 01:08:40 PM
 #13

There are a lot of different bots out there, you have to check the best one that would suit your needs. A trading bot would help you trade 24/7 but you would still input different parameters that would be up to your area of strategy.

Thanks very much. it looks like Gunbot is not open source and it ask for payment, I will check on it as well. Really love their interface, I will definitely check on that.
It's not going to be an easy road if you are going to buy Gunbot but the support between users, developers, technical supports, have each other, and helping each other learn with different settings. There are a lot of features that Gunbot has that might be interesting to new traders and help them assess different ways to buy into the market and more. If you are interested in getting one, I would be glad to assist you there as well. Visit https://gunbot.ph for info

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July 30, 2020, 02:49:10 PM
Last edit: July 30, 2020, 03:02:04 PM by Eureka_07
 #14

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?

I actually had a bumped on a trading bot called Bitcoin Revolution.
The bot is backed up by well known and very trusted personalities like Bill Gates.
Check that one out.

Most of the Trading bots will just cost you to lose your money.
But if you can find trading bots that are well built, and are programmed to analyze the market through different tools, that should be good.
The most rational bot should be your best choice.

Be careful.

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July 30, 2020, 03:54:31 PM
 #15

Hello I have read so many articles about trading bots, which trading bot do you recommend for a newbies and also for an advance users ?
Probably the best bot is the one you can code on your own, many bots come with preconfigured strategies and while they give you the option of customization very few do it as they see bot trading as a way to make money with no effort, if you can code your own bot then you can be completely sure there is no hidden code stealing your strategy or that can potential steal your funds, but what if you cannot code your own bot? Then you should trade manually in my opinion.
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July 30, 2020, 04:42:18 PM
 #16

I use CryperBot. Profit over 40% per month Smiley
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July 30, 2020, 04:49:40 PM
 #17

I think it is better not to use bots for newcomers. They usually use bots to earn more with less effort and more at risk later. I don't use bots, they can't give the right technique and input. Therefore, it would be better to trade by doing market research yourself than the bot's recommendation. This will increase your knowledge and you can learn a lot about the market. As easy as it is to make money with bots, they are at a loss because they do not understand all the information on the market.
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August 03, 2020, 07:06:05 PM
 #18

There are some cryptocurrencies that might be good. I’m saying this based on the information I have been able to gather from people that have used it. Although I have been some people in this bitcointalk.org forum saying that when lots of people starts making use of a particular bot, the level of performance depreciates and it won’t be as good as it used to be at first. I don’t know that for sure.

Anyway, here are some bots you might want to try out, oh and first you need to understand that there are different types of bots and using bots doesn’t mean that you will be hundred percent hands off from trading. That’s why you will have to study this. You can check out 3Commas, Napbots, Hodlbot, and Haasononline. But man I will advise you to do proper research, I can’t explain all these things.
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August 03, 2020, 09:40:00 PM
 #19


If your an advanced user: Open-source trading bots such as Gekko[1] exist, whereas you can freely configure the software and implement in your strategies and indicators.


What guarantee is it that it will go property especially when it is going to go through the traders strategy and indicator? In percentage, what do you think can be represented in performance.
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August 03, 2020, 09:48:22 PM
 #20

If your an advanced user: Open-source trading bots such as Gekko[1] exist, whereas you can freely configure the software and implement in your strategies and indicators.
What guarantee is it that it will go property especially when it is going to go through the traders strategy and indicator? In percentage, what do you think can be represented in performance.
It's difficult, as what majority knows that using trading bot is not 100% guarantee, but if you will get use to it and your configuration on the bot is better as you continue to use it, then it your winning rate could increase. But using such as open-source trading bots are somehow useful compare to some trading bots that asking for a payment but the difference of it in the open-sourced trading bot is almost the same.

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