Experience with Trading Bots

[geegaw]

Never used a trading bot! Because a year ago, when there was a massive collapse of the crypto and stock markets, bots did not save and everything went into a big minus! Therefore, I trade manually without bots! I am responsible for my trade Wink

How bots can save us in this market crash, it is ultimately just a tool to offload activities and give us more time to rest, its performance seems to be based on a certain number of starting and ending points, which in some cases can generate steady cash flow when the market is within those fixed points. However, as this market may offer so many different starting and ending points, the bot's design also becomes pointless over time, people still dominate when they act with their thoughts and have an independent strategy to deal with this market

[1714711231]

1714711231

[1714711231]

1714711231

[1714711231]

1714711231

[velive08]

in trading using bots, the problem that I have experienced is the error of a separate bot while trading is running, but it's not a big problem but it quite disrupts the course of trading. There are many cases of bot errors, so maybe the bot you use must always be updated and always in good condition when used in trading

[fullhdpixel]

in trading using bots, the problem that I have experienced is the error of a separate bot while trading is running, but it's not a big problem but it quite disrupts the course of trading. There are many cases of bot errors, so maybe the bot you use must always be updated and always in good condition when used in trading

It means you tried with outdated bot? I believe most of the bots which are available for free of cost are not getting regular update from devs which might be the another reason why people are not finding them effective for profit-making in crypto trading.

Another probable reason for getting error is, people are messing up with wrong setting. When you are going customized settings then you should be aware of what you're doing otherwise you may encounter unexpected errors time to time. People are going for their own customization with the expectation of making bots more effective in catching good trends but it is not happening in that way in most cases.

[AakZaki]

in trading using bots, the problem that I have experienced is the error of a separate bot while trading is running, but it's not a big problem but it quite disrupts the course of trading. There are many cases of bot errors, so maybe the bot you use must always be updated and always in good condition when used in trading

error depending on the type of bot you are using. if the trading bot used is a free bot with some reduced features, then it's no wonder that errors often occur. for premium bots, they will usually have more features and more support from the developer.

I myself have never used bots, because manual trading is better than having to use bots.

[Igr0k]

Hi Guys,

i have been in the crypto world for a little bit but not to long- bought first BTC end of 2017 begin 2018 (and some Alts as well) and sat trough the whole bearmarket.
Also have i thrown some money into shitcoin ICOs.

Since this bull market i tried trading a little bit (doing "okay" nothing special but its alright) as i have a job where i work often long and @#%*& underpaid hours i dont have the nerve and time spending my spare time infront of the PC to check the charts and do active trading.


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)

Thanks in advance for the answers!

Kind Regards
AD

Hi AD,
I am using an automated DCA trading bot (altcoins USDT pairs, spot account, Binance) based on signals from a trading group (monthly subscription fee 25 usd) on 3Commas. Monthly return is around 11% on invested capital. There is no maintenance or errors with the bot, no need to change the parameters, as you get everything preset up by the trading channel admins. There are fullscope tutorials and explanations for the settings and telegram channel for support. I started the in March and have so far no problems during dumps and pumps happened.
But this is only my experience, not a financial advice
Regards,
Igr0k

[Lordhermes]

Trading bots are also prone to mistakes too. I once had a rough experience trading with not and I ended up blowing up my account. It was all fun at first. I grew my $100 account to $2000 with a space of 1 week.  And ended up blowing it down to $0. Having a prior knowledge of this could hopefully be the best approach other than trading with bots that can't give a certain guarantee.

[tygeade]

Trading bots are also prone to mistakes too. I once had a rough experience trading with not and I ended up blowing up my account. It was all fun at first. I grew my $100 account to $2000 with a space of 1 week.  And ended up blowing it down to $0. Having a prior knowledge of this could hopefully be the best approach other than trading with bots that can't give a certain guarantee.

That must be really funny. I'm just wondering how you got blowing down to zero then you were able to make $2000 with your $100. I guess you might have continued with that bot so that you will get better chances to make profit because I had similar experience where I never got chances to make profits but only losses from first trade onward.

Did you change any of your getting before your bot turned to get you losses. Because, I doubt how a profitable trading bot suddenly changing into loss making one.