Trading bot vs. you -> who's better?

[Murpheus]

There are pros and cons....

Its difficult to tell which one is better, as they both have their advantage and disadvantages...

You just go with the one you are comfortable with....

But as am a very lazy person.... I choose BOT

[stomachgrowls]

Nothing beats out Human brain and emotion when it comes on dealing with things and to think that bots are created by humans itself which does shows which one is superior.

Bots are intended for following on whats being commanded or what the instruction.If you are an emotional type of person then these tools would really be helpful.

Not only for you to avoid emotional kind of decisions but also this is helpful when you are away on your pc on where they do execute on things that you would like for it to do.

You can make use and this would really be on situational aspect.

[santiPOGI]

Hi,
Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

thanks

I don't trust trading bot, it is not accurate actually. The person who made trading is just making a lot of money to everyone.
Meaning, in my own opinion is only for lazy people who wants to trade. Aside from that, still if you are lack of knowledge it wouldn't
be good also to use it then, due to for sure it the end you loss a lot of your capital or assets.

[redsun114]

Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

Trading bot equals you, there is no better or worse, it is literally you with juiced up stats that's it, it does what you would do but probably a lot more frequently. So if you are a great trader who knows how to read charts, know indicators, make great decisions that means your trading bot will be the same, only difference is your bot will do ig 24/7 and you do not, you have to sleep sometimes and eat and basically give a break, bots do not have that, but everything else is the same.

If you are a bad trader, who loses money, no idea what TA is and no idea about indicators, that means we are going to see a lot of people who will lose money using a trading bot as well, it wouldn't be as simple as you imagine it would be and that trading bot will be trading 7/24 badly as well so could end up losing more money than you want. So, we are talking about just enhanced version of who you are.

[justdimin]

Trading bots can be helpful if the pro user has applied the right money management settings along with the right trading strategy depending on the market fluctuations. Personally, I don't use trading bots because the fees are not trader friendly to spend more and earn more. There are bot trading specialized crypto exchange services but it is not guaranteed trading bots will give a profit in the long term.

Also bots are for people who I think have lots of coins and lose the track of their assets and need bot to keep a track and things like stop loss are important for them. But a regular trader like me would never use bots because all I do is buy bitcoins when the market is crashing and sell when I feel the market is overpriced.

By the way can a user who has used bots can they tell me how exactly bots work? I mean like how do they work on a particular exchange because do the exchanges have any kind of API or something to work with these bots.

[Kittygalore]

Nothing beats out Human brain and emotion when it comes on dealing with things and to think that bots are created by humans itself which does shows which one is superior.

Bots are intended for following on whats being commanded or what the instruction.If you are an emotional type of person then these tools would really be helpful.

Not only for you to avoid emotional kind of decisions but also this is helpful when you are away on your pc on where they do execute on things that you would like for it to do.

You can make use and this would really be on situational aspect.

Emotions are exactly what makes bots better when dealing with trading, humans are split into an equal part subjective and objective but bots/automations are created to be objective which means that they are better at making technical things that could be a problem when it is done by humans which could be impeded by their subjective aspect which is emotion. I think that the part where you can do trades away from your computer is a good advantage too, limiting yourself to doing just one thing to induce cashflow is not the best of ideas especially with trading where a loss can happen. Bots are a powerful tool but you first have the capabilities to tweak it into your favor, as @stomacgrowls says, bots are intended for following on what's being commanded so if the command is bad then the bot will be bad.

[harizen]

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

It's actually fine to use trading bots but for what purpose? Reading your post, you are still new to trading so it's not time yet to introduce yourself on that.

For a newbie trader, it's common that you are struggling as you are still in the learning phase. Rather than make things automated, spend time doing manual trades until the point that you now understand the basics of trading.

Using trading bots require advanced knowledge and not just simply you want it to make things better for you. It's also not a tool to increase your profit but rather it will help you assist your trading activity at the exact time you want to execute a certain strategy.

You can refer to these thread regarding trading bots experience:
https://bitcointalk.org/index.php?topic=5244107.0

[geegaw]

Hi,
Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

thanks

I don't trust trading bot, it is not accurate actually. The person who made trading is just making a lot of money to everyone.
Meaning, in my own opinion is only for lazy people who wants to trade. Aside from that, still if you are lack of knowledge it wouldn't
be good also to use it then, due to for sure it the end you loss a lot of your capital or assets.

You are probably making the correct guesses about bot trading because I have not heard of tools like trading bot for a long time, especially in recent years when bitcoin has been so volatile, it makes the bot's calculations and settings inaccurate, gradually traders have removed this tool from their list, the current bot is only used as notice of capitalization amount, sometimes I see some bots on trading orders. However, the effect seems to be contrary to advertising, it is best that we enter directly into the market to have the best practical experience

[traderethereum]

Hi,
Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

thanks

I do not have the experience to use a bot, so I think I perform well than the bot
If you can set the bot with the right, I think the bot will run as you want and profit for you.
The problem is the commend will be on yours, and if the market change, you need to reset the command so the bot can work to follow the market.
I think our profit will not be the same as the market will always change from time to time, making our profit different.
If you want to use the bot, make sure you know how to use the bot and give it the right command.

[blckhawk]

Hi,
Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

thanks

I'd be honest I have never been used a trading bot in my years of trading but heard a lot of opinions that they can be pretty useful like it makes your trade easier and faster, to put it simply it provides an efficient trading experience. However, it is still better if you will do it on your own because in that way you will be able to do all the things in the way you wanted. It is also possible in bot trading though by just adjusting the settings based on your strategies but the experience you gain on self-trading is still way better. There's nothing wrong with the use of bot trading, especially if you have limited time to manage because a bot will be more helpful in that kind of situation.

[bitgolden]

Trading bots can be helpful if the pro user has applied the right money management settings along with the right trading strategy depending on the market fluctuations. Personally, I don't use trading bots because the fees are not trader friendly to spend more and earn more. There are bot trading specialized crypto exchange services but it is not guaranteed trading bots will give a profit in the long term.

Also bots are for people who I think have lots of coins and lose the track of their assets and need bot to keep a track and things like stop loss are important for them. But a regular trader like me would never use bots because all I do is buy bitcoins when the market is crashing and sell when I feel the market is overpriced.

By the way can a user who has used bots can they tell me how exactly bots work? I mean like how do they work on a particular exchange because do the exchanges have any kind of API or something to work with these bots.

That is sort of true as well, people do have a lot of coins these days when they are trading, but this is not the "only" reason. So, you are definitely 100% right that people do own bots for that reason if they want to, but that is just the only reason because there are tons of people who do not have enough time and work hard on their regular jobs but they know how to trade so they end up with buying a trading bot which would trade 50 coins 7/24 without a stop how they want, that ends up with buying and selling and making them a profit, or maybe even a loss if the market is not doing great.

So, that is why I think it is quite important that we realize there are many reasons people buy trading bots, there are some newbies who buy because they think they can buy and just put money in and start getting rich overnight, which is not really possible but there are some who buy like that as well.

[slaman29]

Why do people keep making the mistake of comparison?

The bot is only as good as the software programming it. The strategy it uses is only as good as you the trader specifies it. The execution performance is only as good as the API and server running it.

You should always be better than the bot by itself. But of course, automation is always better than manual.

[RealMalatesta]

Still learning trading tips&trick and now I reached this chapter of trading with bots.

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

The question is a bit wrong because the bots also work on your filled data and strategy so I mean the bot is not going to trade of its own, I know some bots like that also exist but that is mainly copy trading because someone has to fill the data and mention how the bot is going to operate.

The bots and scripts are all made to reduce the workload and reduce the errors which we humans often do. A common error I can tell you when trading is, there are various sell orders on the market and you by mistake click on the higher selling bid. It happened to me I believe a few times already so to avoid things like that you can use bots. If you believe you can do it of your own, no need to buy those scripts/bots.

[imstillthebest]

Everyone had different opinion on this.Because some people blindly believe the bot then their mind.  Some strong believe on themselves and invest and disinvest with their own knowledge and wish. either profit or loss let that come from our own knowledge.

i dont use bot in trading because im not taking trading seriously but when im gambling i use bot all the time because it gives me a feeling that i can win more  .

 i guess im not that strong to believe on my self thats why i hide from using a bot but someday if i became mature on what i do i will learn to stand on my own feet .

If we lose also we may satisfy it's only by our mistake and not by the bot mistake.

but if we set the bot with our own strategy we dont feel bad when we loose . you will feel loose when you borrow a strategy from someone else

[Lanatsa]

Why do people keep making the mistake of comparison?

The bot is only as good as the software programming it. The strategy it uses is only as good as you the trader specifies it. The execution performance is only as good as the API and server running it.

You should always be better than the bot by itself. But of course, automation is always better than manual.

People will really find a way on making things more easier on where we do create something that would really be in automation or make our works even more easier

and this is why we do end up on creating something which is really that helpful or beneficial but in talks of superiority then nothing beats out on the creator itself which is "us"

Trading bot is for automation and do find to be useful but people do have bad or wrong perception towards it.Comparing on which one is better is something off.

[Oceat]

Just like the above said it's human because we have the freewill and emotion to control what we see or listen and no bots can ever do who's merely created by humans too. Bots are just created to help human to grab some opportunities that human tends to miss due to the inability to do so.

So if you have to choose between bots or yourself, then nothing beats human but also human too in terms of trading. The very essence of trading bots is to help you out on a task that is tiring to wait, watch and execute a certain goal which is taking a profit.

[goaldigger]

BOT works for me when I’m busy and I dictate his action so technically, I’m far better from any BOT. Seriously, there’s no need to compare yourself to BOT because you guys need each other and we are paying for the BOT to do his job, and of course we are still need to input our own strategies and that makes your trading experience even better.

[chaser15]

What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?

This is not how using bots works. It's not a profit scheme. It's a tool to set your plan in an exact time.

Since you can execute what you want on a given timeframe, you have a chance to gain steady profits and minimize your losses.

It's not that bots are there to catch some profits for you.

[Serious475]

The trading bot will not work unless there is no programmed with the human. I think the best is the BOT or an AI automatically set the trade for you there is no emotions, doubts and regrets about the decision unlike the human there is so many denials and doubts on their mind if they are gonna let go their position or not. No matter what is the best but the aim is the income if you are winning with the Bot go for it but if you think you can handle doing trade why not on your own but the problem is the time this requires allotment.

[dimonstration]

The trading bot will not work unless there is no programmed with the human. I think the best is the BOT or an AI automatically set the trade for you there is no emotions, doubts and regrets about the decision unlike the human there is so many denials and doubts on their mind if they are gonna let go their position or not. No matter what is the best but the aim is the income if you are winning with the Bot go for it but if you think you can handle doing trade why not on your own but the problem is the time this requires allotment.

Both have a particular role in trading, As long as we're able to setup the bot and know what altcoins or crypto we actually prefer and thinks have a potential for growth. We need to program the bot properly setting stop loss and settings that will make the trade smooth or less risky but we need ourselves to be attentive on monitoring the market to know whether the prices will be affected by the economic news or simply the hype of news.