Does someone use trading bots?

[Yamifoud]

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.

It can be unfortunate and I think we don't just rely on bots but rather to work on our own and add more learnings out from. Although there are some legit and working trading bots at this time, I think it was still best and more profiting by doing manual trading than them.
Even me, I less to nothing interest at them as I could even manage my time in trading while working. As long as I can do both, that certainly never gives me a reason to even try at them.

[Dr.Osh]

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.

many people want to get something instantly, that's why they use bots even for trading. I agree that it is better to develop yourself in the world of trading than using bots. we don't know how the system will work, and if we're too busy, it's likely to end badly. personally, i never use bots. Well, I think the results I get can be maximized with my own efforts. if I get a loss, then it will be a lesson to be taken.

[Oilacris]

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.

many people want to get something instantly, that's why they use bots even for trading. I agree that it is better to develop yourself in the world of trading than using bots. we don't know how the system will work, and if we're too busy, it's likely to end badly. personally, i never use bots. Well, I think the results I get can be maximized with my own efforts. if I get a loss, then it will be a lesson to be taken.

It's a shame I think when one wants to be able to earn instantly because it won't last long,
bots won't always work perfectly so I think it's better to trade manually trusting in own ability,
with us continuing to develop our knowledge and skills it is not impossible that it can make us successful

Why do people do really have this kind of impression towards bot? Most of them do really believe that it is set up on being profitable?

Havent they able to think that it was just for an automation tool and it doesnt involve nor does give out guarantees for you to make money or profits guaranteed?

Nothing beats out if you do know on how to trade up manually but using up bots would be effecient if you are away and not on the front of your computer but of course you would still need to be wise on how to set it up.

[Raflesia]

Why do people do really have this kind of impression towards bot? Most of them do really believe that it is set up on being profitable?

Havent they able to think that it was just for an automation tool and it doesnt involve nor does give out guarantees for you to make money or profits guaranteed?

Nothing beats out if you do know on how to trade up manually but using up bots would be effecient if you are away and not on the front of your computer but of course you would still need to be wise on how to set it up.

Because they believe in bots with their own income so this makes a lot of people interested, even in my country I often see convincing bot trading offers saying you just sit back and work is bot trading, this word seems as a sweetener to promote but will stuck for those who bought it.

It will not give any guarantee to the bot and the tool will definitely not work perfectly there is always a big risk behind it.

Manual trading is the most effective, everyone does it even with their own more accurate analysis for sure.

[Silberman]

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.

A bot is a just a tool, your friend either did not used the bot correctly or the bot was coded with a poor strategy, if it was the former then your friend is at fault but even if it was the latter he is at fault too, as it is irresponsible to use a trading tool without verifying that the strategy that is using can give your profits in the market, this proves that bots can be effective at making you money on the markets, but they can lose your capital incredibly quickly as well if you are not careful when you are using them.

[Desmong]

I use trading bot very well and I always make good profit from it. My trading bot do not trade the future market cause it does not predict the market price. It buys and sells continually depending on how versatile the crypto market is. Some trades usually takes days for it to make profit while some just few minutes or hours. Trading is risky but it depends the kind of market one is trading.

[LUCKMCFLY]

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.

You are right, what happens is that now exchanges are not allowing commercial bots, because they have a type of security through captchas, regularly when you go to make a withdrawal if the system determines that it may be a bot, the same exchange requires you You should take a quick photo of your face to confirm that you are the one who is there, also the best trading bots are those with artificial intelligence and are usually used for arbitration, a normal trading bot that can be introduced is to make commercial decisions according to a technical analysis that is introduced.

[gabbie2010]

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.

I had never bother to learn how to use a bot for trading because I am not convinced about using any forms of automation in my trades, such as Expert Advisor EA in forex trading and bot for crypto trading, I prefer to learn how to trade and manually place my trades without involving any third party tools, no wonder those automated trading tools fails as a result of volatility in the price of cryptocurrencies, though many newbies believes that It will take quite some time to learn trading and become profitable but will rather adopt or use a bot in assisting them to trade, to make quick profits.

[Myleschetty]

Cryptocurrency trading bot makes trading more easier and effective but your personal knowledge in crypto trading does the most vital job before you can trade profitably.
The use of a trading bot doesn't guarantee your trading will be successful either but I will advise you to develop your knowledge in crypto trading before making use of a bot.

[PhucS]

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 the use of BOT is only suitable for those who trade a lot in 24 hours with large amounts of money. Do not depend on BOT because it cannot be completely accurate. Using BOT is not always profitable, it even makes you lose. If you don't trade a lot, do it manually so you can capture the market and have a better judgment.

[sana54210]

I had never bother to learn how to use a bot for trading because I am not convinced about using any forms of automation in my trades, such as Expert Advisor EA in forex trading and bot for crypto trading, I prefer to learn how to trade and manually place my trades without involving any third party tools, no wonder those automated trading tools fails as a result of volatility in the price of cryptocurrencies, though many newbies believes that It will take quite some time to learn trading and become profitable but will rather adopt or use a bot in assisting them to trade, to make quick profits.

I would say you are both right and wrong at the same time. You could bother yourself with learning, and there are some decent bots out there that would help you as well and if you are a great trader yourself then you could probably be good with it. However the difference is that we are talking about something that is only a "helper" and for some reason people think that buying a bot would automatically make them some profit, and it is not like that at all. You could make some profit but the reality is that we are talking about something that is rarely ever like that, it is usually something that would make you a bit of profit only after you configure it properly.

[Fakhrulenclix]

I don't use bots in trading, using bots in my opinion is only for those who trade full time. However, bots cannot guarantee full profits, there are risks that cannot be controlled. A trading system that is assisted by bots, for beginners it seems that they have no more losses because they have spent capital for it. However, until now it is still under discussion, only a few have had success with trading using bots.

[Alisha FR]

Those who trade in large numbers some of them often use bots, for me trading bots is better for those of us who are always actively trading in crypto. But keep in mind that bots also cannot provide 100% profit, some traders also experience losses due to using bots. Here you need to be careful in choosing bots from companies that sell them. Look for companies that manufacture bots and the bots they sell are often profitable.

[andriarto]

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've never used bots and I don't seem interested. I prefer to learn manual trading because my hope is that from trading later I can live and become the main source of income. bots do not have psychology, while every trader has feelings, so at certain times bots cannot work optimally, in my opinion, therefore manual trading for me is better

[sarmrakib]

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.

many people want to get something instantly, that's why they use bots even for trading. I agree that it is better to develop yourself in the world of trading than using bots. we don't know how the system will work, and if we're too busy, it's likely to end badly. personally, i never use bots. Well, I think the results I get can be maximized with my own efforts. if I get a loss, then it will be a lesson to be taken.

I actually never believe the bots and even i didn't trade any trade with it .It is actually do the trade with strategy attached itself .If the strategy gone into the fall you will loose your fund .The couple of strategy may be combine with that .However it is always better to research and do our trade as you said if we do any wrong we can be corrected it for the future and our experience wil be increased on trading .So that i think we need to avoid it and make use our strategy to work for us for that we have to study always and research and gathered information .Hope we can be succeed .

[Dragonfund]

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

Seems like OP hasn't try the effects of book order on centralized exchanges, that's when you know the power of bots manipulation in trading. I'm not an expert but i know very well how trading bots behaves with technical trends charts.
Like kucoin exchange for examples, the design bots will appear plenty of buy order once they noticed that a a resistance has been tested but will disappear as soon as it be broken by high pressure sell order. If your Bots is not well configure and follow those manipulation, you are doom mehn.

[darewaller]

I have used them for years and I can tell you that it is definitely a tricky situation to be involved in crypto bots. You are getting something that is the most magnificent "increaser" in the sense that whatever you do, that bot will increase it by 10x. Obviously there are simply just failed bots that never work properly, those are not the ones I am talking about. Usually a bot can increase what you can do by tenfold but that means you are going to be very very careful as well.

I have seen people who were bad traders and wanted to use a bot to make a profit automatically, the whole idea of "just sit back, relax and watch your profits grow" is not true at all, will never be true, in no bot at all. It is always the trader who needs to configure the bot correctly and perfectly, so if you are great then you will profit 10x more, if you are horrible, you will lose 10x more.

[carlfebz2]

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

Seems like OP hasn't try the effects of book order on centralized exchanges, that's when you know the power of bots manipulation in trading. I'm not an expert but i know very well how trading bots behaves with technical trends charts.
Like kucoin exchange for examples, the design bots will appear plenty of buy order once they noticed that a a resistance has been tested but will disappear as soon as it be broken by high pressure sell order. If your Bots is not well configure and follow those manipulation, you are doom mehn.

If youre not experienced or totally noob then you wont able to to determine the movement of those bots on orderbooks.You could really see and notice

those if you do already have some experienced eyes or lets say you do already have the knowledge on trading.Of course there are lots who had been using up bots into their trades.

This is a tool for automation which its understandable that its useful on common aspect.

[bishkot]

im the developer of such a bot with a simple strategy. Works with coinbase and binance. if someone is interested i will share a link. its very new project.

BR

[Rengga Jati]

I have used the trading bot at the past.
But I decided to stop it because:
1. It is a very cheap trading bot, so it is also very risky
2. Not really effective and efficient working on me  because that cheap price or even I didn't really know how to operate
3. We must be also smart and know enough the best ways to set the trading bot, if we don't really know, we may lose it, too 

Btw, I am actually interested to use that kind of trading bit if it uses AI technology with more effectiveness, efficiency, smart trading bit, and also working on.
But I also realize that the price of that kind of trading bot is very expensive.
That is why, right now, I prefer to do trading manually