Experience with Trading Bots

[GreatArkansas]

There are a lot of trading bots as of the moment, some got different features and different prices.

I saw some trading bots advertised here in the forum, especially the Gunbot. I know @crwth can help you with Gunbot, which I recalled he already tried using Gunbot before, he got a thread about using it and got a journal using that trading bot.

For OP, if you are new in trading, I highly suggested studying first the basics or cores of trading before using such tools or trading bots to automate your trading.

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[Sled]

I am one of those who have tried various trading bots, but nothing can satisfy me. Sometimes many people misunderstand about trading bots,
they think by using trading bots they don't need to do anything and are just waiting for the profits to arrive. If anyone thinks like that you should
be careful, because there is a possibility that the money you have for trading can run out due to using trading bots. My advice is just trading manually,
besides being able to increase our ability to trade. In my opinion, manual trading is much safer than using trading bots. Because based
on my experience if the settings are wrong or forget to update, trading bots will make us lose the capital we have.

Sometimes it works and sometimes it won't, this also means that, though we use trading bots, even we avail the highest paid bots but if we don't know to use this it is still useless.

It could be better to invest first our knowledge into manual trading, coz if we are good into this, that possible we can get a positive results by using bots in the future. There are a lots of reliable trading bots but if we are not capable to do trading, it never makes sense as well to acquire this thing.

[tygeade]

Has anyone actually had some good experience with (right set up) trading bots?
If so can you recommend any - that would be nice!
Or have you maybe some warnings about scams(which bots definitely not to use, or what to look for in a bot to avoid it beeing a scam)

You sound like you decided to go for making use of trading bots but my humble suggestion to you is, never ever trust any bots for your capital. It will be very much similar to allowing some stranger to handle to your trading account including access to your capital. Because, bots are nothing but set of instructions as per the coders and anything could happen against market volatility.

For OP, if you are new in trading, I highly suggested studying first the basics or cores of trading before using such tools or trading bots to automate your trading.

When we are good at basics of trading then we can easily develop our own strategy which will be much safer to handle our capital in trading environment. Only due to lack of time to find for learning basics of trading, most people are going for bots but ending up with unexpected results.

[leea-1334]

There are a lot of trading bots as of the moment, some got different features and different prices.

I saw some trading bots advertised here in the forum, especially the Gunbot. I know @crwth can help you with Gunbot, which I recalled he already tried using Gunbot before, he got a thread about using it and got a journal using that trading bot.

For OP, if you are new in trading, I highly suggested studying first the basics or cores of trading before using such tools or trading bots to automate your trading.

Gunbot is still the most reputable in the industry I think but people forget that using a bot is only about automating strategies,,, not about making easy money. I think the next step now is for bots to be used in defi platforms (apparently they already are), scalping cheap prices between LPs and making swaps all the time for small gains.

[crwth]

You sound like you decided to go for making use of trading bots but my humble suggestion to you is, never ever trust any bots for your capital. It will be very much similar to allowing some stranger to handle to your trading account including access to your capital.

Not with Gunbot. All the trades that you are going to do are private and it's between you and your exchange. It's not a cloud service type of bot so only you have the access to that. Unless you have started the bot with delinquent type of parameters, you'll be okay.

Because, bots are nothing but set of instructions as per the coders and anything could happen against market volatility.

You don't seem to know much about what developers could do to alleviate that. There are options and possible ways to take advantage of the market volatility.

[Kelvinid]

There are a lot of trading bots as of the moment, some got different features and different prices.

I saw some trading bots advertised here in the forum, especially the Gunbot. I know @crwth can help you with Gunbot, which I recalled he already tried using Gunbot before, he got a thread about using it and got a journal using that trading bot.

For OP, if you are new in trading, I highly suggested studying first the basics or cores of trading before using such tools or trading bots to automate your trading.

Gunbot is still the most reputable in the industry I think but people forget that using a bot is only about automating strategies,,, not about making easy money. I think the next step now is for bots to be used in defi platforms (apparently they already are), scalping cheap prices between LPs and making swaps all the time for small gains.

Maybe I could try this one (Gunbot). Because honestly, I didn't try any of them, and the reason is that I simply don't give my trust to anyone. I know that trading bots actually exist this time but to find a legit and working bot is really hard to find and it feels bad hearing about disappointment and complaints.
That is why I'd stick to what I normally do in trading, well, manual trading gives me more learnings.

[michellee]

I do not have much experience using bots, but a few days ago, I am trying to use bitsgap to know if I can profit using the bot. So far, I see the bot needs to be set before it runs. I still confuse to have the right setting and that needs more time to learn. After a short time using the bot, I think I still prefer to use manual trading, and I use the Binance app besides using the bot. So I suggest you learn the basic lesson of trading because that is the key to trade manually.

[ADCrypto101]

Has anyone actually had some good experience with (right set up) trading bots?
If so can you recommend any - that would be nice!
Or have you maybe some warnings about scams(which bots definitely not to use, or what to look for in a bot to avoid it beeing a scam)

You sound like you decided to go for making use of trading bots but my humble suggestion to you is, never ever trust any bots for your capital. It will be very much similar to allowing some stranger to handle to your trading account including access to your capital. Because, bots are nothing but set of instructions as per the coders and anything could happen against market volatility.

For OP, if you are new in trading, I highly suggested studying first the basics or cores of trading before using such tools or trading bots to automate your trading.

When we are good at basics of trading then we can easily develop our own strategy which will be much safer to handle our capital in trading environment. Only due to lack of time to find for learning basics of trading, most people are going for bots but ending up with unexpected results.

Thanks for the input! Actually i have a little "team" of friends who want to develop a bot themselfs. As i was into trading a little bit (read some books, did some research, did my master degree in business finance where i also touched the subject), i just want to get some feedback in generall regarding bots as i never was interested in the issue till now. So i really appreciate your awnser(s)

[ninkdwi]

depending on which market you trade in, because the use of trading bots has several advantages of each. So far I have been using the stop loss trading strategy more, and selling at the highest limit queue.

[perfect999]

depending on which market you trade in, because the use of trading bots has several advantages of each. So far I have been using the stop loss trading strategy more, and selling at the highest limit queue.

Honestly I never heard about such a strategy so far in my 5 years of trading experiences. But I am always having stoploss for all my entries so that I will not wasting my time to get back into a fresh trade to recover my losses.

Moreover, I never tried any trading bots as I am good at generating my own signal and I am consistently profitable because of my technical analysis skills. Hence I am recommending OP and all naive traders here to look into mastering basics of trading so that everyone can generate their own signals for better trading experiences.

[FanEagle]

I am always having stoploss for all my entries so that I will not wasting my time to get back into a fresh trade to recover my losses.

Moreover, I never tried any trading bots as I am good at generating my own signal and I am consistently profitable because of my technical analysis skills. Hence I am recommending OP and all naive traders here to look into mastering basics of trading so that everyone can generate their own signals for better trading experiences.

You are sounding like a professional trader; because you are making use of stoploss for perfect reasons and also you are good at generating your own signal and more importantly your signals are good for consistently getting you profits. I just wish to copy your skill so that I could be successful in crypto trading.

I have tried many bots and I have managed to make some profits with the help of them but after some period of time all bots turned ineffective like they are not good at all market conditions but frequency of trading got reduced considerably against how it was in the beginning days.

[wiss19]

I have tried many bots and I have managed to make some profits with the help of them but after some period of time all bots turned ineffective like they are not good at all market conditions but frequency of trading got reduced considerably against how it was in the beginning days.

I have read always most bots will be working like this in long run because bots are just programming codes which cannot be coping up with ever-changing different market conditions; but it would be much better instead of getting you false signals, your bots are not at all generating any signal; at least this way your capital will be secured.

I had plans to buy bots at many times because of lack of time to trade by myself but instead of risking with bots then I decided to invest only on bitcoin for holding purposes and not for trading purposes.

[Murpheus]

<...>

There’s a massive list you can take a look through here: Crypto Trading Bots. I don’t know how well curated or vetoed the list is, so any option you go for should be thoroughly looked into. Some of those bots have their corresponding Service thread on the forum, where you may find further feedback and experience from its users, besides being able to ask whatever you need to know.

There’s another thread that’s seemingly interesting to read through: How to tell when a trading bot is a scam, and I don’t mean just the OP, but specially all the added comments to the thread.

How difficult are the bots to implement..I mean does it need a laptop or just a mobile device... Do I have to deposit there. Or copy out the coding

[Ryker1]

^[snip]
Has anyone actually had some good experience with (right set up) trading bots?

Well, it is --my me and my friends are actually enjoying the benefits of bot trading bots. Fees are very minimal, with almost zero commission rates, and also time being spent checking charts and monitoring the prices is saved. Kucoin bot is one of the best platforms we are using. But we currently do diversify and currently trying different platforms like trading together with professional traders. I think this is the best option I could suggest. Copy trading is actually way better than trading bots. However, I don’t want to provide a specific platform. You may copy trading at your own risk.

[Ridwan Fauzi]

Remember, I guess there are so many people who already said that trading bot is robot you can't depend on this tool for your trading plan. Robot is computer you have to set the target price that you will buy and the target price that you will sell your coin when you get profit or loss.

And those things need some strategy especislly for you. There is no trading bot that can give you a signal either buy or sell, there is no automatic feature to know signal buy and sell. It means, the trading bot need a good strategy and you have to overcome it. I suggest to know more about trading strategy first and you can use the trading bot as your tool to trade.

[Hypnosis00]

Thanks for the input! Actually i have a little "team" of friends who want to develop a bot themselfs. As i was into trading a little bit (read some books, did some research, did my master degree in business finance where i also touched the subject), i just want to get some feedback in generall regarding bots as i never was interested in the issue till now. So i really appreciate your awnser(s)

Ohh, so mean you and your team are trying to develop bots?

Anyway, having a passion for trading could influence our minds to be more proactive and even we don't use bots it surely will works. In fact, successful traders never know about this until new trading technologies are endorsed to the public. And creating a bot is simply of the continued creation to make help for traders especially to those who are in the hectic schedule but I'm not really sure if this thing works so well compared to manual trading.

[Rengga Jati]

...Also have i thrown some money into shitcoin ICOs...

Don't worry, many experienced this, and let's laugh together 
Just take it as a big lesson for us right now.

btw about the trading bots, so far, I never use this kind of trading bots. I never heard about it and also try to explore but I am still doubtful because not all trading bots can really work well. Although it will help us very well, but it needs certain trading bots, a trusted ones, and also reputable in order to get it working well. if we use bad trading bot, it may give bad infleunce to us.

[Shasha80]

I also haven't used trading bots for a long time, I don't even know which trading bots have a good reputation. Because when I first started using
trading bots I had a bad impression, it didn't help me much in making profit in trading. Maybe I chose the wrong trading bots or the wrong settings,
but whatever the reason, for the time being I decided not to use trading bots first. Maybe I am used to it and feel comfortable trading manually.

[samcrypto]

[BIG LIST] Crypto Trading Bots

Bots can not help you if you set a bot up with stupid paramaters that always end with losses when you use those parameters for manual trading or bot trading.

This is good list of trading bots and myfriend is using Gunbot and you’re right if you’re set-up is not good then using BOT is using since my friend lose a lot of money because of the wrong set-up.

If you’re not that good in trading but still want to try then better to use the default settings but you have to understand that using BOT can’t guarantee profit, it will still depend on the market condition.  You also need to invest with the BOT you’re using, and there’s one time fee for Gunbot.

[travwill]

I had a rather unpleasant experience with trading bots. I invested a certain amount of money in such trading bots a year ago, but both projects turned out to be fake and I just lost money. That is, my trading bots were not even trading bots, they were just a distraction. Since then, I have promised myself that I will no longer use the services of trading bots and the like.