BOT TRADING

[akar87]

I prefer to use manual trading instead of using a trading bot, because I have a bad experience with trading bots.
Several times using the trading bot, eventually in the long run experiencing losses, maybe I can't set the trading
bot that I use. I wouldn't say trading bots are bad, but I find it unsuitable to use a trading bot.

I agree with you prefer with trading by manually without use any bot, its not worth because many people just giving offer to buy their bot but not working how to get much profit. Now many exchange market have stop loss position so we can use this option if thing some coin trading want to back on lower price and its working.

[ScamViruS]

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

since I started trading I have never used Bot trading, I prefer my own way,
by reading several indicators makes me comfortable with it, one of which is reading the RSI.

If you have enough knowledge about trading and know the correct use of various indicators then you can get good results by manual trading. When you already know enough about the market, you can understand when to open a position and when to close, why you need to use a bot. There are many traders who are looking for different ways in the hope of making quick profit. Those who expect quick profits are often interested in using bots and lose money due to lack of knowledge of proper use.

[Pom_bensin]

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

trading directly relying on skill is better in my opinion. because I think right now when we only rely on bots where bots have an error margin it is more risky, trading bots should only be used as guides and references for our trading.

[milewilda]

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

trading directly relying on skill is better in my opinion. because I think right now when we only rely on bots where bots have an error margin it is more risky, trading bots should only be used as guides and references for our trading.

Doesnt talk about error margin because bots are actually better when executing the commands that had been set by the user itself which means it wont really be making out any errors unless
if its buggy or typically the market had really have some u-turn which basically bots do just follow on whats been set.Overall when it comes to trading then it isnt bad to use bots
but only into those times when we are away from keyboard since you do know on what you are doing then you can set out on bot on what strategies been using compared into
those person who do just use bots without any analysis or knowledge is just simply taking up a gamble.There are pre-built but its always better that you are
aware on what you are doing.

[TastyChillySauce00]

trading using BOT I think it is very risky and unfortunately no one can guarantee the profit that is obtained so in my opinion manual trading is very good instead of using a third party application will only get you a high risk, or if you still want to do that then can try it with a small capital so that when you lose it will not make you regret it.

not true, AFAIK people who uses bot for trading daily could have better opportunity than those who did not.
You can't stay 24H and the solution to that is to use bot not to mention if the bot you used is advanced, even many of traders nowadays using basic bot to reduce their work. It's effective if you can use and configure it properly.

[MRKVPS]

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...

While I was reading this, I remember the investment website eToro, they have this feature that you can copy somebody else's stock investments and such.
Do you think they added that to make sure their users didn't earn much money by having tons of people copying the same trades?

Anyways thank you for your reply

[geegaw]

trading using BOT I think it is very risky and unfortunately no one can guarantee the profit that is obtained so in my opinion manual trading is very good instead of using a third party application will only get you a high risk, or if you still want to do that then can try it with a small capital so that when you lose it will not make you regret it.

Bot trading is only used to seduce naive and ignorant people, the pictures of Bot profit are too attractive, only a few minutes of lack of knowledge and investment, the result was only lamentation of loss on social media, outdated data and outdated calculations, how it is possible to overcome the trading wall with so many factors. It's good that the trading bots have faded and ceased to appear but signal groups have added to that void, some people don't understand how dangerous these options are, they need to be foxes and wolves, instead of sheep in this market.

[imstillthebest]

human inteligence isnt artifical but bots are however it will depend in the algo and the trader if which can do trade effectively because i can rather go for the algo than copy a live trader but that trader isnt performing well In his trades  .
 i havent tried both though but i better like the old school of trading which is to trade manually because i have lots of time and i have some knowledge

[Myleschetty]

human inteligence isnt artifical but bots are however it will depend in the algo and the trader if which can do trade effectively because i can rather go for the algo than copy a live trader but that trader isnt performing well In his trades  .
 i havent tried both though but i better like the old school of trading which is to trade manually because i have lots of time and i have some knowledge

Every form of trading (copy, bots etc) have it own risk involving but it all depend on the trader knowledge, how the trader is willing to take the risk and luck because crypto currency trading is risky itself that's why people compare it with gambling.

[DoublerHunter]

human inteligence isnt artifical but bots are however it will depend in the algo and the trader if which can do trade effectively because i can rather go for the algo than copy a live trader but that trader isnt performing well In his trades  .
 i havent tried both though but i better like the old school of trading which is to trade manually because i have lots of time and i have some knowledge

Every form of trading (copy, bots etc) have it own risk involving but it all depend on the trader knowledge, how the trader is willing to take the risk and luck because crypto currency trading is risky itself that's why people compare it with gambling.

^ Because all of them are just a tool in trading, they are not actually will work without the command of the traders, it means it needs human instinct to operate those kinds of tools with the power of human skills and knowledge. A trading bot is not advisable for a newbie but it is good if you are an expert in the market but you don't have enough time to spend your time, it will help you to execute in the market even though without you. Nevertheless, gambling and trading are almost the same when it comes to risk but they are different when managing the risk, you can manage risk if you have skills in trading while in gambling is pure luck.

[sayaya17]

I trade not using bots, until recently I traded manuals, sometimes daily trading and short trading. It takes more time for me,
but I have a lot of free time, so the opportunity to hone my skills in trading is a great opportunity. Sometimes see a trading group,
but that's just to compare my analysis and others. That's it.

[Cling18]

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

I honestly find trading bots risky. I would prefer to do live trading using my own skills and strategies. I guess it would be easier for us to do our own research to learn at least the basics of trading for us to do it on our own without relying on bots. It's better to use our own knowledge and apply our own techniques than copying other's way of trading since there's no uniform strategy in it.

[jrrsparkles]

Day traders who are experienced and have enough money which is affordable to lose may go for bot trading but if you are just about to begin your trading career then trading with bots is not for you. Trading with bots is not like trading with an AI its just a bot which executes your orders so if you make mistakes you lose the same thing happen with bot trading as well.

[uelque]

Majority of people are surely hesitant when it comes in BOT trading, most especially those who are experienced traders, yes they can configure it based on their knowledge but they will still rely on their own approach. For me it only attracts newbies who don't have a lot of knowledge in trading and who are willing to take the risk.

Though it is based on algorithms, no one can truly conclude its effectiveness. Therefore a higher risk is always inside a thing that is not fully being used by many. So, if I am being ask, I'll always choose my own approach and strategy of trading rather than relying on a bot. Though I already heard some traders gaining profit using it, no one can convince me to use Bot Trading.

[Darkelf11]

Most people would like to tell that BOT is not good for yourself but if you think you are too much confident about the bot you would like to use it's better if you can set this as a good ROE and got a stop loss. Mostly the bot trading is just used for those people who would like to trade but don't have time.

Also, make sure that is a legitimate Bot trading to avoid getting scam as far as I know there's a trading bot offering right there but I don't remember. It's good if you make a trade on your own to expand your trading skills.

[as.exchange]

Well, IMHO to understand whether or not to use trading bot is quite simple. Can anyone name a single person who got super rich and stayed wealthy for a long period of time by using "bots"?..

- Yes, there are rich traders, but they certainly don't use bots...
- Yes, there are algo trading houses & investment banks, but they spend tens of BILLIONS on codes, and hundreds of BILLIONS on hardware infrastructure (anyone think can beat that with a $XXX.XX bot?)...

But there's not even a single person or company that made any real money with trading bots for tens, hundreds, or even thousands of USD.

Hope that will help to new traders in saving their time and money and not waste it on any sort of trading bot (crypto, FX, stocks - all same).