Experience with Trading Bots

[ADCrypto101]

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

[1714996101]

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[1714996101]

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[1714996101]

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[1714996101]

1714996101

[Coin_trader]

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 risks and scams.

Thanks in advance for the answers!

Kind Regards
AD

The best and legit trading bot right is the Kucoin bot. It has a DCA and Grid trading which is perfect to newbie traders. It has built in suggested bot setup base on the price history of the coin so you can just use the default setup. So far this is the only trading bot that I know. The rest of the trading bot offered by a random user is most probably a scam bot especially if it is from a newbie or lower rank account.

[ADCrypto101]

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 risks and scams.

Thanks in advance for the answers!

Kind Regards
AD

The best and legit trading bot right is the Kucoin bot. It has a DCA and Grid trading which is perfect to newbie traders. It has built in suggested bot setup base on the price history of the coin so you can just use the default setup. So far this is the only trading bot that I know. The rest of the trading bot offered by a random user is most probably a scam bot especially if it is from a newbie or lower rank account.

Nice - thanks a lot for the quick and informative answer!

[DdmrDdmr]

<...>

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.

[cryptoaddictchie]

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

Hi mate yeah I did. But not so good cause the bot that I tried only do long position via binance and it also got some delay. So Im not sure whether will gonna try again using not.

The best and legit trading bot right is the Kucoin bot. It has a DCA and Grid trading which is perfect to newbie traders. It has built in suggested bot setup base on the price history of the coin so you can just use the default setup. So far this is the only trading bot that I know.

Hi mate sounds enticing. Is this bot is designed by Kucoin themselves? Like it is been offered by their platform. Ive used Kucoin but not often and not sure that they have now like this.

[SquirrelJulietGarden]

[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.

[hugeblack]

Remember that bots are not tools that generate money once you run them, they are not mining tools, so you need to build an appropriate strategy and the bots will automate all these processes.
If you don't have time to read charts, running a bot will not help you much or add a lot of money to you.
The best way for beginners is to buy before a specific or timeless event occurs or using DCA.

[Bitcoin_Arena]

Hi mate sounds enticing. Is this bot is designed by Kucoin themselves? Like it is been offered by their platform. Ive used Kucoin but not often and not sure that they have now like this.

Yeah it's built by them. Not sure if you are using the web or app version of Kucoin but according to their announcement at the beginning of the year. The bot is only available in the app version so far - https://www.kucoin.com/news/en-kucoin-launch-trading-bot

[ADCrypto101]

<...>

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.

Top! Thanks a lot!

[NeuroticFish]

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)

I didn't use trading bots, but I've translated this website some months ago, I've found it pretty informative and, although I'm not affiliated with it, I recommend you give it a read: https://tradingbot.info/

[unusualfacts30]

If this is your first time with trading bots use very small amount of money and exchange built bots to see how it works and what strategy works for you.
 kucoin has one. With right strategy bots can make you money but there is a learning curve that you have to pass over.

[awik p]

If this is your first time with trading bots use very small amount of money and exchange built bots to see how it works and what strategy works for you.
 kucoin has one. With right strategy bots can make you money but there is a learning curve that you have to pass over.

Even though bots sometimes bring success, we have to be careful, because sometimes the market moves outside of our plans, and I think manual trading by learning gradually can make you survive in the world of trading. techniques, analysis, money management and psychology are the keys to success in trading

[Maslate]

I don't have any experience using bots for trading and even someone will tell me that it legit but I don't feel any interest to use this thing. I'm not hating trading Bots but I just wanted to make trades on my own and not relying on others.

Honestly, I don't any confidence using them, I suppose to make myself more expose to trading and I just wanted to improve my knowledge and skills coz if we are using bots on our behalf we are likely giving up. That is not what I wanted to be.

[Pom_bensin]

I'm just giving advice to you. bots can help us trade but we also need to be able to apply good principles because if we don't understand bot algorithms we can fall into a losing position. My suggestion is that bots can also be used but we must also do analysis, because the biggest influence is our own analysis, not bots

[cryptoaddictchie]

Yeah it's built by them. Not sure if you are using the web or app version of Kucoin but according to their announcement at the beginning of the year. The bot is only available in the app version so far - https://www.kucoin.com/news/en-kucoin-launch-trading-bot

Wow mate thanks for this information. I'm often uses the exchange app so this will likely turn to my favor. I will do research about this and maybe try some features. Thanks for sharing.

BTW how's the experience with the use of this bot? Is it worth I mean is the bot effective on trading?

[Sinjokubhi]

Remember that bots are not tools that generate money once you run them, they are not mining tools, so you need to build an appropriate strategy and the bots will automate all these processes.
If you don't have time to read charts, running a bot will not help you much or add a lot of money to you.
The best way for beginners is to buy before a specific or timeless event occurs or using DCA.

That's right, bots are not money-generating or mining tools. There needs to be a chart analysis before using it. Because, we shouldn't use bots carelessly. Instead, it will make you suffer losses from using the bot itself. Sounds good, it uses a bot and runs automatically. However, behind this, there must be action before you use it. Namely predicting and reading graphs, one of them. Bots with recommended settings are also not always able to generate profits, if you don't know what is happening. It is better to set up the bot manually with the results of your own analysis, however, it is not easy to set up. Sometimes our analysis can miss the mark, even the experienced.

You cannot rely on bots on an ongoing basis. Because it is you who run the bot yourself. Without sufficient knowledge about crypto trading, I don't think it's just yet to use bots. Because, using a bot also requires the same abilities when we are trading. The only difference is that after we setup the bot, the bot will run the commands that have been set automatically, of course you can't just leave it. You still need to monitor the bot just like you monitor the charts. Because, if market conditions have changed, the bot will still run the previous settings. The bot cannot automatically change its settings. We are the driving force of these bots, bots just make it easier

[JooBra]

In theory trading bot should work well but it's not so easy. You need to be online all that time and follow the charts. With that in mind I prefer doing all myself instead of bots. Everyone has different ways to do it tho.

[beerlover]

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)

There are many bots are available in the market and people are making good money time to time but how long they will stay in profit side will be a big question because bots cannot perform in all market conditions hence we cannot expect same kind of performance in near future just because of past records.

So, it would be much better to learn technical analysis so that you will become an analyst and you will be able to generate your own signals for your own trading purposes. This will sustain and will get you profits for long-term.

[cryptolord2077]

I have dealt with several trading bots in my life. In particular, I would like to note that none of these bots brought me any profit. I dealt directly with automated trading bots that traded on the bitcoin market according to a certain algorithm. All these bots brought money only at the beginning, and only at a time when the market was calm. I want to note that this experience happened to me during the bear market, perhaps now such bots are more accurate and profitable, but then this did not happen. So these bots brought profit for several months and then something called "unforeseen circumstances" happened, they just took and lost most of the money.

[tippytoes]

I have dealt with several trading bots in my life. In particular, I would like to note that none of these bots brought me any profit. I dealt directly with automated trading bots that traded on the bitcoin market according to a certain algorithm. All these bots brought money only at the beginning, and only at a time when the market was calm. I want to note that this experience happened to me during the bear market, perhaps now such bots are more accurate and profitable, but then this did not happen. So these bots brought profit for several months and then something called "unforeseen circumstances" happened, they just took and lost most of the money.

This is one good example about real experience in trading bots. And unfortunately, you had a bad one. Never used a trading bot ever since I am into crypto. But maybe, I have time to do on my own. I think it is better for the OP to learn on his own, even allot a little time each day and learn the ropes of crypto trading. In time, he will learn the tricks on this trade and he can use it throughout his trading career in crypto. He can't learn those tricks overnight but patience is the key.