Poniex trading bot website and Coygo crypto trading bot

[greentech2]

I see the website https://www.pionex.com/en-US/
and the website https://www.coygo.app/index.html
They provide the arbitrage trading bots.  Has anyone use it?  Do you make money?  Do you know any other best trading bots in the market?
Thank you.

[mk4]

Just fyi: Trading bots are just something traders use to automate some of their trades; hence, you actually need to know how to trade in the first place if you want to take advantage of trading bots. So, yes, people do make money using it if used correctly. Trading bots aren't something that you just turn on, and you make money forever passively.

[Maus0728]

I can't see other members' review regarding pionex but I've found something on reddit that says there is some kind of inaccessible funds even though his balance is reflecting on his account.

Do you make money?

Regardless of how good or legit your trading bot is, if you do not understand the technical analysis or you do not know what you are doing in trading, there is no way you can magically make money only by using trading bots.

Do you know any other best trading bots in the market?

As far as I remember, I think @crwth can recommend you something. If my mind serves me right, he uses gunbot to aid his trading activities and is also one of the best trading bot that exist.

Alternatively, here is a big list of bots in the market.
[1] https://bitcointalk.org/index.php?topic=5278392.0

[crwth]

I haven't seen those bots but you can try it. It's kind of hard to make a profit in arbitrage knowing that you need fast trading capabilities like utilizing WebSockets instead of API. I'm not sure what those bots are using but you require a fast connection to that for sure.

Personally, I would recommend Gunbot as your trading bot if you are ever to look for one. I'm biased for that for sure since I'm a reseller but it solves what my problem in trading is, which is monitoring the market all the time. I cannot do that with what I have on my plate but it's definitely made me money to the extent that I have funded different account exchanges that I have.

Like what mk4 said, it's going to depend on how you utilize it and what your use case on using a bot.

Would you use it as an

• Exit Position Manager
• Completely Automate your Strategy
• Monitor markets for different trading opportunities
• DCA calculator
• Provide Liquidity

Let me know if you need some help or are interested and want to talk to someone about it. Message me.


Thanks for tagging me here @Maus0728.