BOT TRADING

[Peanutswar]

I think it's better to learn on your own if you have some time why not? Instead of getting dependent on a trading bot because you don't know the algorithm of the bot so why not trust them.
Also today there are a lot of learning modules and information you could use so you don't easily lose information.
Another one is in copy trading some of them are using this because it's easy and let someone trade for you but for me, this Is not a good idea you are letting a stranger using your money that has probably might risk and cause If losing. If they made a mistake you cannot blame them or someone because, in the end, the decision is yours.

I highly suggest making a trade with yourself.

[cheecko1122]

I will go with the manual trading instead of using any bot for trading purpose because if we totally depends on a bot i have witness that many accounts washed out in few minutes. If you are using the bot for trading then you must be more conscious as news can affect the market and in any emergency if you trade going wrong you can close it manually.

[farrellronald]

trading with AI is rather tricky and needs your full attention. you should put a stop loss and also be sure at the AI you are trying to use. but deciding without emotion and just based on data, coding, and charts is an advantage they have against human.

[Yatsan]

We do all have different preferences and perspective with regards to using bots on doing trades. The decision upon using such tool relies on ourselves and that is our own decision of we think using such tool will help you out on making your trades better and profitable. In my case, I do not entirely using any bot on doing my trades for I entrust the fate of my funds within my own capacity and capability to do trading. Learning from my experience when I was starting trading became my key on what situation I am currently up to right now. I do not rely into trading bots for I trust my own skills and strategies for the trades I do. I do believe trading by your own always open your mind into new learning and make you flexible into such kind of being adaptable on thinking how to deal with circumstances on your own to better familiarize yourself with the market to effectively do trades on your own.

[Oilacris]

We do all have different preferences and perspective with regards to using bots on doing trades. The decision upon using such tool relies on ourselves and that is our own decision of we think using such tool will help you out on making your trades better and profitable. In my case, I do not entirely using any bot on doing my trades for I entrust the fate of my funds within my own capacity and capability to do trading. Learning from my experience when I was starting trading became my key on what situation I am currently up to right now. I do not rely into trading bots for I trust my own skills and strategies for the trades I do. I do believe trading by your own always open your mind into new learning and make you flexible into such kind of being adaptable on thinking how to deal with circumstances on your own to better familiarize yourself with the market to effectively do trades on your own.

BOT trading is just an optional or just simply a feature on where you can automate up your trades and it doesnt mean that this will be mainly replacing out your full engagement.

Majority does have the wrong perception towards bots on where they do believe that it can help out when it comes to profitability which is a very wrong kind of mindset.

Its always better to do manual trade yet you can really enhance up your trading skills and would really be independent.Some are just too lazy into their trading activity and doesnt
really tend to make themselves better.

[dotcoin.info]

Bots work according to certain algorithms and are not able to adapt in time to changes in the situation when various market drops occur. Especially in those moments when factors that do not depend on you and are not under your control interfere with the market. A person makes constant adjustments to bots so that they make a profit, otherwise it will be a loss-making activity.

[crzy]

Would you rather auto-trade based on an algo strategy bot, or have the bot auto-trade based on a live trader?

Some BOT have their own default settings which I think is ok to use but if you want to become more effective in trading, then have your own strategy and used it. I tried once to use BOT before and its really working so if you are planning to use BOT that’s fine just make sure that you know how to use it at all.

[MCobian]

Sorry to say for me all types of trading bots are too risky to use, because I have had a bad experience with trading bots.
So for now I prefer manual trading, which is easier to do and can also improve our trading skills. Then the experience of
doing manual trading can be very useful to avoid us choosing shitcoins, because our analysis skills are getting more accurate.

[jaberwock]

Would you rather auto-trade based on an algo strategy bot, or have the bot auto-trade based on a live trader?

What is bot auto-trading based on live trades, is there any bot that does that or you just mean copy trading? Bot trading is different from copy trading.When it comes to bot trading you’re doing it by yourself and you’re setting the bot to trade according to your settings or based on the settings that it came with.

Since I am not really good at trading myself and that means if I should buy a bot I will definitely be setting it up the wrong, unless the bot is being set up by a professional, but still I wouldn’t trust it. But if it’s for copy trading, you just have to check the portfolio of the trader you want to copy, if you can see so many successful trades, then it’s a signal you should copy them.

[TradingBull.io]

Copying someone else is not a very good idea in trading,

if enough people start copying a successful trade, you will almost always observe that such a trading methodology will lose its edge and profitability in the near future.

Same is true for algorithmic trading, no matter what your style is, you need to make sure as few as possible people on the planet can figure it out or imitate it...

Totally agree with this.

Some studies about Copy trading shown it is often less profitable for followers on the long term than managing a portfolio manually by themselves, in average.

Copy trading also raise concerns about pump and dump schemes.

Take "signals" groups on telegram for example:

Leader buy first then give a buy signal to the group, followers copy the trade and pump the coin, leader then dump first and (eventually) send the sell signal...
Often a good bet for the lead but can't really say the same for followers.
Copy trading is looking quite similar to this.

[durilup]

I heard many people that lost important amount of money by using all kind of auto trading bots . They are not created to help you to make money . They are created to make richer the creator of the bot . Better invest that money in your personal skills . Long-term you will be much better.

[Ridwan Fauzi]

Would you rather auto-trade based on an algo strategy bot, or have the bot auto-trade based on a live trader?

I never use trading bot so far for my trading system. Trading bot is just a robot you can't rely on it even it will back to your strategy. When you have a good strategy then you have no time to watch a chart per time and you can use it. Bot for me, I just rely on my strategy and I never leave the trade when I still in entry position. Moreover with I choose future trading I can't take my eyes off the chart because I use a low time frame like 1 hour or 30 minutes. So, that is not my style to use trading bot or copying another people strategy cause I can do it by myself and I can prove that I do it.

[wunderbit]

the easiest way to make a bot and backtest it is to make in TradingVIEW and then automate with Wunderbit Trading https://trading.wunderbit.co/en

you can also find hundreds of free bots in the marketplace.

[dotcoin.info]

I heard many people that lost important amount of money by using all kind of auto trading bots . They are not created to help you to make money . They are created to make richer the creator of the bot . Better invest that money in your personal skills . Long-term you will be much better.

Most bots actually work on this principle. First, the creators create an algorithm that is able to bring a certain amount of money over a short distance. People see this and start depositing money there, buying a subscription, making deposits.
After a few months, the bot can completely lose all the money, which most often happens, and the creators will explain this by unforeseen market circumstances.

[milewilda]

I heard many people that lost important amount of money by using all kind of auto trading bots . They are not created to help you to make money . They are created to make richer the creator of the bot . Better invest that money in your personal skills . Long-term you will be much better.

Most bots actually work on this principle. First, the creators create an algorithm that is able to bring a certain amount of money over a short distance. People see this and start depositing money there, buying a subscription, making deposits.
After a few months, the bot can completely lose all the money, which most often happens, and the creators will explain this by unforeseen market circumstances.

Will be most likely to be the alibi yet people will surely sue them out once their bot that had been created or been set-up did really give out negative or total loss on someones portfolio.
They will just simply tell that the market behave on different matter that do goes out into their algo and that pretty much of it.Then what you can do? You will surely learn that
bots arent intended to make out money in long term or does give out guarantee.People do have just really having some wrong way on believing on things and once they
do able to face up the reality then thats they time they do realize that they are completely wrong.

[Kelvinid]

This is a question made before but the answers I gather are that BOT's aren't much good in trading than trading ourselves. Do some say that they profitable? Maybe not, well, I'm not sure if they are telling the truth.

Just be honest, I'd find no BOT's that are reliable, this machine is also relying on our demand and before it runs, we actually set base on our decision. Having a trading bot or automated trading seems useless if you can make it by yourself. Unless, if you are a lazy trader you can't spend time in trading rather than busy with other stuff. That is suitable for them.

[pankowri]

I am bored with bot trading at many exchanges. Some tokens are doing cheating with us. I have some Ledu token and I tried almost one year to sell those in exchange but I failed due to not trading there. I don't know what should I do. But I am tired of checking my order on that website. Nothing changed in the last year almost. But every day I have seen their satisfactory volume on the exchange where all are done with bot.

[DevilSlayer]

This is a question made before but the answers I gather are that BOT's aren't much good in trading than trading ourselves. Do some say that they profitable? Maybe not, well, I'm not sure if they are telling the truth.

Just be honest, I'd find no BOT's that are reliable, this machine is also relying on our demand and before it runs, we actually set base on our decision. Having a trading bot or automated trading seems useless if you can make it by yourself. Unless, if you are a lazy trader you can't spend time in trading rather than busy with other stuff. That is suitable for them.

I do not see bots as reliable way in order to make gains in trading, for me bots are the reason why many traders cannot make profits consistently. The reality is those developers of those trading bots are not really helping other traders,  they are creating it because they can earn money from it through monthly subscription and many more type of payment. In reality, there are no professional traders  that are using bots because they know that it is not really effective. There are no emotions if you will just use trading bots because they are just mere AI. I prefer to trade by myself because I can experience the feeling when I'm trading without using any bots.

[ice098]

Would you rather auto-trade based on an algo strategy bot, or have the bot auto-trade based on a live trader?

I see some bot trading in uniswap via dextools, I rather not to use it , because I don't want to , I want to learn to trade even it will put me all nighter, or I will have losses, still these things can be considered as experience and definitely additional knowledge which I like the most, so why use bots of you can learn from it? if you can do it on your own self  using only laptop or phone.

[Rebisco]

Would you rather auto-trade based on an algo strategy bot, or have the bot auto-trade based on a live trader?

I see some bot trading in uniswap via dextools, I rather not to use it , because I don't want to , I want to learn to trade even it will put me all nighter, or I will have losses, still these things can be considered as experience and definitely additional knowledge which I like the most, so why use bots of you can learn from it? if you can do it on your own self  using only laptop or phone.

The experience and the knowledge are important and for me those two are the reason why I do not suggest other people to try or to avail trading bot. I do not know if it is profitable or not but you cannot gain knowledge and experience if you are just relying on using trading bots. I do not know if you can call yourself as a trader where you just being dependent on computer software. Using trading bot is not a strategy rather than it is a way for you to make gains or losses by relying on a computer software.