Does someone use trading bots?

[Fivestar4everMVP]

I've only tried using trading bots on kucoin exchage once, that was few months back, I really did not understand anything about bots trading so I set the way kucoin set it, I didn't configure or change anything to my own preference, the end result was that the bot helped me loose some money though not really significant, though I believe it's because I didn't probably know how to set the bot, but since then. I've never tried trading with a bot again.

[Silberman]

I have two issues with using trading bots. The first issue would be that I don't feel like I could trust a trading bot not to make mistakes which could lose me all my money. Programs aren't perfect and not even modern AI can be deemed anywhere near human intelligence in most cases. Secondly, if there was a trading bot that was powerful and could make good trades even better than humans, then nobody would sell it. Why sell it if you could make more money by being the only one using it? No bot competition.

So one way or another, I prefer good old human brains.

There is one way in which both of those problems can be solved and that is by coding your own bot, if you have a strategy that works and you are an expert at using it then coding a bot that trades in the exact same way is not has hard as it may sound, this way you can be sure the bot does not hold any malicious code or makes mistakes as you are the one creating the code while at the same time you know it is using a good trading strategy as it is the one you are using to beat the markets.

[dunfida]

I have two issues with using trading bots. The first issue would be that I don't feel like I could trust a trading bot not to make mistakes which could lose me all my money. Programs aren't perfect and not even modern AI can be deemed anywhere near human intelligence in most cases. Secondly, if there was a trading bot that was powerful and could make good trades even better than humans, then nobody would sell it. Why sell it if you could make more money by being the only one using it? No bot competition.

So one way or another, I prefer good old human brains.

There is one way in which both of those problems can be solved and that is by coding your own bot, if you have a strategy that works and you are an expert at using it then coding a bot that trades in the exact same way is not has hard as it may sound, this way you can be sure the bot does not hold any malicious code or makes mistakes as you are the one creating the code while at the same time you know it is using a good trading strategy as it is the one you are using to beat the markets.

Not all are programmers or developers on suggesting out coding a bot on your own and set it out according on your likings which could be possible but not attainable or possible for all people because only a few could able

to do so thats why we do have some bots being created now which could be trusted too and you should stick with that.The very common mindset that we do see on why some people do make use of bot is that they do

really believe that it would profitable if they would make use of it but we know that reality doesnt really work that way yet you would still need to set it on your own to make it effective.

[GeorgeJohn]

I even seem bot as a means of wasting of time, because a friend of mine that normally use bot for trading just gave me a small hit of bot, then after his explanations via bot machine kind of trading, then i just understand that can only get small amount of profit when using it, because the money used for it's subscription exhaust it's very obvious that the automated machine will stop by itself until you subscribe another one, so have to reason, bot is trading the money you input in it and is generating a small amount of profit, is better i trade manually than bot from my own perceptions.

[carrigan]

Yes, there must be someone who uses bots for trading. But it wasn't me and for some reason I wasn't interested in it. I feel capable and have the time to trade independently. Maybe some people use bots to save more their time or because they have too much work but still want to trade so the way to go is to use bots. Bots themselves can also do their job well and even make a profit.

[Taskford]

Yes, there must be someone who uses bots for trading. But it wasn't me and for some reason I wasn't interested in it. I feel capable and have the time to trade independently. Maybe some people use bots to save more their time or because they have too much work but still want to trade so the way to go is to use bots. Bots themselves can also do their job well and even make a profit.

Yes I saw several people seeking some bots but actually this will never guarantee that we can earn since it has a chance to lose for certain instance. And I also not interested to use this since its not fun to do trades by using that since we cannot learn something deep unlike we do it manually. But this will matter depends on what people like since there are rich guys there who can spend a lot of money to buy some bots to have trade for them.

[doomloop]

Yes, there must be someone who uses bots for trading. But it wasn't me and for some reason I wasn't interested in it. I feel capable and have the time to trade independently. Maybe some people use bots to save more their time or because they have too much work but still want to trade so the way to go is to use bots. Bots themselves can also do their job well and even make a profit.

Yes I saw several people seeking some bots but actually this will never guarantee that we can earn since it has a chance to lose for certain instance. And I also not interested to use this since its not fun to do trades by using that since we cannot learn something deep unlike we do it manually. But this will matter depends on what people like since there are rich guys there who can spend a lot of money to buy some bots to have trade for them.

If you configure your bot properly and you have a decent bot then there is a chance that you could never "lose", all you will have a ton of bags that you will hold. However, assuming you deal with known high level stuff, things like btc/usdt, eth/usdt, btc/eth, usdt/bnb and so forth so forth then you would not be holding them for too long. There is a good chance that you could actually program your bot in a way that it either gives you a profit right away, or it waits until it gives you a profit until the prices go back up. That is how I used mine back in the day but unfortunately it started to be a little funky and I decided to stop using it.

[AicecreaME]

I never used bots when it comes trading but i have friends who used bots for short term and he really get good profits from it for 3 months , and what i saw the bots keep updating him every day such how many trades it made and how many losses and successful trade he had after 24 hours.. It's very amazing to be honest because your not doing anything and you have income, that's why that day i can say bots is useful, but for me i don't want to rely on it since i  can do full time in trading, so i didn't become interested although i see what he made from it, so i forgot the name of that bots..  

Profitable bots are expensive, but it's worth it. However, using bots might not always meet your expectations, so I don't really recommend using bots in Trading. I'd rather choose trading by myself so I can enjoy my losses and wins, also to gain experience to become a better trader. It's much better to trade for yourself so you could cherish all of your hard works and you'll see for yourself what Trading world really is.

[traderabove]

Hello everyone.

Recently I became interested in the topic of trading bots, so I decided to study the information about it. After reading several articles, I realized that there are many different opinions and therefore it is very difficult to decide for myself whether to use bots well or badly.

So I decided to try a few bots. I drew attention to the bot announcement from NWC. I think it's better to use software from a well-known company. This gives more confidence in a good result. As far as I understand, a bot for testing on historical data uses certain algorithms to automatically detect the most important patterns on the charts.

However, is it possible that, in addition to simply detecting patterns, the bot also calculates the technical price target and looks at how many patterns reach it, so that the percentage of success of the trade can be determined?

How do you feel about trading bots? Have you ever used it and can you advise something about this?

I dont use bots for trading, im doing it my way.

[Silberman]

Yes, there must be someone who uses bots for trading. But it wasn't me and for some reason I wasn't interested in it. I feel capable and have the time to trade independently. Maybe some people use bots to save more their time or because they have too much work but still want to trade so the way to go is to use bots. Bots themselves can also do their job well and even make a profit.

In markets like forex and others bots are incredibly common on investing firms, we must remember that while I think humans are probably better than any bot, we face a lot of limitations, a bot can trade without any kind of rest while never making mistakes and watch basically all the markets of the world at the same time, when we think of such a bot it is obvious it will generate more profits than a human not because it performs better than them but because of the sheer volume it can manage, which is why trading bots are important tools if you are capable of adding them to your arsenal.

[BitcoinAccepted]

Trading bots are goods for automatic tradings, rather than manually waiting for some changes on the market. You can set up the bot what it can do if something happened on the market like increase of orders, execute transactions and other strategies. I personally use bots for passive trading and I can tell that it don't work perfectly yet but I am earning good amount.

[bitterguy28]

Trading bots are goods for automatic tradings, rather than manually waiting for some changes on the market. You can set up the bot what it can do if something happened on the market like increase of orders, execute transactions and other strategies. I personally use bots for passive trading and I can tell that it don't work perfectly yet but I am earning good amount.

and Bots are usual use of traders , more of those who had been in trading daily and had some work that cannot focus infront of computer each time/
in this Bot Helps a lot .

I dont use bots for trading, im doing it my way.

Then you are a Good trader , not needing any Bot but can make money in trading safely?

[uchegod-21]

Trading bots is so dangerous. My friend use it in forex and blow his account three times. His capital three times blow and money he use to buy the bot lost. he is regreting it until today. This is for forex trading. I don't know how both work here in cryptocurrency trading platform.

[iv4n]

Trading bots is so dangerous. My friend use it in forex and blow his account three times. His capital three times blow and money he use to buy the bot lost. he is regreting it until today. This is for forex trading. I don't know how both work here in cryptocurrency trading platform.

Bots are bots, wherever you use them, for forex, crypto, gambling... bots can be dangerous if you don't know how to set them up! And people make that mistake everywhere, they don't set it up correctly, and bankroll just drops to zero at one point! You can't blame the bot, it's a human error! So setting up a bot is very important, but don't forget that every setup (strategy) needs a minimum bankroll to work properly!

I tried some trading bots before... I didn't win/lose much in general, I had a very careful approach, and I didn't want to invest too much, and results are like that! Also, I didn't spend too much time figuring it out completely, that takes time for sure, for someone who is in touch with bots for the first time.

[Woodie]

If a good number of people is using a trading bot that uses the same indicators/strategies, it might end up not being profitable. Hence why the general recommendation is to learn how to actually trade yourself, so you can use your own strategies on a custom-made bot.

I think these are one of the disadvantages of having bots which are used by many other traders, it gets to be less profitable as some of these manipulative brokers can easily go for stop losses to take you out of the market or manipulate market to go the opposite which could force traders to prematurely close trades or open new positions which could end up losing and  broker walks away as the winner.

But overall bots are good for taking out profits, price alerts, opening and closing traders and nothing more.

[Cling18]

I tried using trading bots before and at first, it was fun but I realized that I wasn't gaining a good profit so I prefered trading with my own skills. To be honest, using trading bots would be too risky compared to using our own skills. It would be better to do it personally so we'll be able to control things well.

[Mkmanik]

How do you feel about trading bots? Have you ever used it and can you advise something about this?

Not yet used NWC trading bots, But I have heard about NWC bot.

I am a regular User of =https://www.pionex.com/Pionex bots. Here you can trade cryptocurrency with 16 Free in-built trading bots. One year has gone and still, I am using their bots without any kind of problem. First I was a user of Bituniverse, but When they started Pionex, I become a regular user of this site.

Still, I use Bituniverse because all of the coins are not listed at pionex. so I use the API key at Bitunivese and can able to create a bot without any hassle. You can try both of them, both are user-friendly and there are a ton of videos available on youtube/blog on how to use them.

You can also check this thread: [BIG LIST] Crypto Trading Bots]

[jostorres]

is it possible that, in addition to simply detecting patterns, the bot also calculates the technical price target and looks at how many patterns reach it, so that the percentage of success of the trade can be determined?

Technically all strategies could be coded and implemented into trading bots but its effectiveness against different market fluctuations my not be estimated well in advance. It means only against certain expected market conditions, most trading bots might be getting us profits and beyond those "covered situations", you may or may not get profits because programming codes cannot think and act on their own hence it will buy or exit at pre-determined levels which might be getting you profits or losses.

How do you feel about trading bots? Have you ever used it and can you advise something about this?

After continuous losses I decided to stay away from trading bots. But, thanks to failed trading bot experiences, I started focusing on manual trading which is somehow consistent for me so far.

[Issa56]

Seriously have not really used any bot before and i don't really believe in trading bot, I believe in doing your technical analysis yourself before entering your trade. Have heard different bad stories about trading bit failing people but I believe there will definitely be some that will be good but have not tried any before because I believe in me trading by myself.

[worle1bm]

If a good number of people is using a trading bot that uses the same indicators/strategies, it might end up not being profitable. Hence why the general recommendation is to learn how to actually trade yourself, so you can use your own strategies on a custom-made bot.

Actually that's the best case because market needs immediate reactions that could give you profits but if you rely on trading bots that might not be successful in every scenario so it's best to learn all by yourself as your mind is the best helper to you.