Does someone use trading bots?

[carolynpatterson]

Bots are not reliable though a lot of people use them. Bots can’t beat crypto’s volatility. To become successful in trading, manual trading is the best approach.

[Ryker1]

Bots are not reliable though a lot of people use them. ^{[Bots can’t beat crypto’s volatility]}. To become successful in trading, manual trading is the best approach.

Well perhaps you are right that automated trading bot is not reliable but I disagree when you are saying bot cannot beat the volatility, --trading bots are not making money, they are not working without you, perhaps you misinterpret how the bot works ^{[the line that I bolded above]}. The main brain of the automated trading bots are traders, the advantage is bot can do buy and sell if you are offline and but it is under your management the bot.
It is indeed not necessary to have a trading bot, they are very expensive right now. Instead of buying a trading bot, just add the fund as your capital in trading.

[topbitcoin]

To be honest i am never use bot. But some of my friend said bot is only a tool and who made setting is ourself. So it still need our analysis or maybe other's analysis to setting it and then we can use it. If me i prefer to trade like usual because it is same we analyze, or other people analyze and set up the setting, or other people who analyze and we can ask for suggestion to trade like usual.

[Hippocrypto]

To be honest i am never use bot. But some of my friend said bot is only a tool and who made setting is ourself. So it still need our analysis or maybe other's analysis to setting it and then we can use it. If me i prefer to trade like usual because it is same we analyze, or other people analyze and set up the setting, or other people who analyze and we can ask for suggestion to trade like usual.

Same as other people, they never use trading bot. Lot of people here don't usually used a trading bots, I think they do manual trading. Trading bots may be profitable or not, still it depends with your strategies or plans. If people may rely on bots, they won't grow and can't do anything. For you to become successful in trading, manual trading is the best approach

[crwth]

It's a fantastic thing to utilize. I know I'm pretty biased with this topic, ^{since I'm a reseller of the best trading bot, Gunbot}, but it's essential to know why it is a helpful and useful thing and could benefit anyone that will try to use it.

The way you should treat the trading bot is that you need to know what you will do with it. I have listed some of the most common things that you would do with a bot

• Full bot trading ^{No more interference from user}
• Half bot trading ^{You would treat it as a position closer or opener}
• Passive bot trading ^{Use it as a learning tool and transition to full bot trading}

Remember that bots will only do what you have programmed, so you should know what you will do and how you will do it.

[jaberwock]

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 don’t make use of bots while trading, and I have not tried any of them at all. But I have a few friends who are making use of trading boats, and from what they have told me personally, it has been working for them, although I haven’t seen it myself to be able to know whether they’re really telling me the truth or not. What I have understood about trading bots, it's not just about buying a bot and you will be expecting it to trade automatically, you still have to be setting up the strategy that the bot is going to be relying on to trade for you.

So basically, what the boat is doing is to give you more time to rest away from the screen while it does the job for you, but that doesn’t guarantee that will be making 100% success on every trade, they’re still going to be times that you’re going to lose. And also, you’re not going to be taking your hands off 100%, ‘cause you’re still going to be there to be setting up the bot sometimes. So if you ask me whether bots work , my answer would be a yes, but they still rely on the strategy that you set up for them.

[Mahiyammahi]

Well I've used trading bot once and I'm not satisfied. If you can make your own custom bot using you own strategy I think you should go ahead and try it.

If you don't have enough time to analysis the market I will recommend it.

[yhiaali3]

For me, I have previously used a free robot as an experiment, but I did not like it very much, although it brought me some profits. There are many things that you need to know to set up the robot correctly. The robot will not give you good results unless you have enough experience in setting up the robot.
The bot is good for those who do not have enough time to trade because the bot will do it all the time for you and you will not have to repeat orders continuously, but frankly I prefer manual trading because there are some negatives, for example, some coins whose prices rise significantly, but the bot will take the profit that was made Put it in the settings and in this case you will have lost a great opportunity to achieve greater profits, also for the stop loss, if the price of the coin falls to the stop loss point, the robot will sell immediately with a loss while I prefer to keep the coin for a period of time until it returns to the rise.

[sana54210]

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.

Do not really hope that much from trading bots, everyone around here trying to calculate the most absolute precision to their bots in order to make a profit but if you are working that hard then is it really the bot that is great or is it actually you? I personally believe that there is a good chance we could actually end up with something that is more profitable if we manually do it or just set up notifications in our phone (or pc) and just do it ourselves. Why? Because, there are situations where it would be smarter to actually check if it is actually the thing you want to hit or is something out of normal happening, that way you would be at least in control over the situation.

[palle11]

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

Bots are not easy just like trading too. Trading with bots have generated some complaint. For me trading Is better than bots because I understand that no way is easy , cutting short cuts with bots is still no guarantee because if it is so easy then every bots user will have success story. So staying with trading takes patience and passion.

[xSkylarx]

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 believe what is known with this is EA into MT4 platform, and my point of view with this is that it is really working if you have a lot of money, but it is risky. I found a lot of EA before and tested them in demo, some are promising and some are not, but there is one that I am really impressed with because it follows the trend, the strategy was about trend follow which is kinda bot but it is better to use it as an indicator to minimize losses but bots are not as good as us humans because they were programmed. I would rather use all of the indicators rather than the bot.

[teosanru]

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 think trading bots of third party companies are risky and also not that profitable in a longer run. Unless someone has made a tailor made software for you which delivers result or you on your own have made a bot, don't go for them. I don't recommend falling in prey of these software developers because most of these softwares are unaudited which means their code might contain a bug and just a small bug might ruin your entire capital. Another reason why I say this is because if bot trading was so profitable why haven't everyone shifted on them, bots have been here for years now? There are hardly any retail traders that use bot.

[Lanatsa]

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

Bots are not easy just like trading too. Trading with bots have generated some complaint. For me trading Is better than bots because I understand that no way is easy , cutting short cuts with bots is still no guarantee because if it is so easy then every bots user will have success story. So staying with trading takes patience and passion.

Of course you wouldn't able to know on how to make use bots if you don't know on how to trade in the first place and its just a tool for you to automate your trading which means that it has nothing to do with those success stories because it is really simply just on users skills and knowledge.

Its a wrong perception that bots turns out to be profitable than on doing manual which is really wrong.

You do have need to some knowledge on how you do set up your own bot according into your preference when you are away from your pc.

[Silberman]

as everyone has said the best thing you can do would be to trade without depending on the bot, according to the various observations I've seen in the past the bot can give low profits, but they are not guaranteed and there are times when they simply create losses for you. that's why I don't see the advantage of using bot to trade. but in case you want to use bots, you can search for good bots on this forum and test for a few months to see the effectiveness

Bots can in fact give some advantages to traders but the main advantage a bot can give you is that it can trade the markets without rest and without mistakes for as long as you want, this is not possible for any trader, the bot could increase your profits just by being able to watch the markets all the time and watch more markets than any human could be able to pull off on its own, but when it comes to pure trading ability I still think humans are leagues above any bot.

[DoublerHunter]

as everyone has said the best thing you can do would be to trade without depending on the bot, according to the various observations I've seen in the past the bot can give low profits, but they are not guaranteed and there are times when they simply create losses for you. that's why I don't see the advantage of using bot to trade. but in case you want to use bots, you can search for good bots on this forum and test for a few months to see the effectiveness

Bots can in fact give some advantages to traders but the main advantage a bot can give you is that it can trade the markets without rest and without mistakes for as long as you want, this is not possible for any trader, the bot could increase your profits just by being able to watch the markets all the time and watch more markets than any human could be able to pull off on its own, but when it comes to pure trading ability I still think humans are leagues above any bot.

^ Definitely right because a bot is just a tool that can be used by humans but not exactly the bot will work on their own.
There is nothing wrong if you will use a bot as long as you are a long-time experienced trader, bots are very risky on newbies, they will probably think that bot will work on their own just to generate profit but the fact it is not. Some experts that I have known in trading have been used this automated trading bot because when you are away from your computer you can use a bot to cut your losses.

[goldkingcoiner]

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.

[Ziskinberg]

It is probably there are some traders who use this but not sure if this works on them or not. That I think they need to confirm it in order to save from people doubting the credibility of this tool. I have to admit that I don't trust them nor even have the guts to try either coz till now no one had ever to say that they got a positive results upon using trading bots. Or maybe, they are afraid that someone would ask them.
But for me, I was very comfortable in manual trading...I'm not spending the whole day on the computer and trading every day, so it wasn't a need for me to think about using bots on my behalf to work 24 hours.

[Hobo66]

Currently, a large number of people use trading bots. It enhances the yield and improves a person's chances of producing money. It is capable of determining the time and assisting in trading at a logical time. Trading bots come in a variety of forms, and it is up to the individual to decide which form of trading bot he wants to use. If you have no prior experience with bots, it does not appear to be a good idea to utilise them. Because you can't utilise it if you don't know how to use it.

[RealMalatesta]

Currently, a large number of people use trading bots. It enhances the yield and improves a person's chances of producing money. It is capable of determining the time and assisting in trading at a logical time.

This must be one of the misconception about crypto trading. If there are profitable trading bots are available then by this time we might have many billionaires out of crypto trading within this community but I am not seeing anyone sharing like that but most of the people from this community are always negative about making use of trading bots due to its less effectiveness.

Trading bots might get your profit in some stable market conditions and when market conditions are getting into extreme volatility then those bots will go silent or getting you negative profit yielding  signals.

Because all the market conditions cannot be covered by few program coding which is the problem with trading bots as of now. Human brain cannot be matched with any programming codes by the currently available technology. So, always manual trading must be better and profitable in long run.

[Tumanggor]

Don't rely too much on trading robots when trading because trading bots are just a trader's tool

if you are a novice trader and just trying trading bots then you will find it difficult to make money unless you buy expensive full trading bots

try to learn first trading with small capital, if trading suits you then you can try using a trading bot