Experience of using a cryptorobot

[sklopan]

I tried to work with different bots, but I made an important conclusion - it's better to work manually. This option seemed to me the most reliable and profitable in terms of work.

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[GeorgeJohn]

From what i know from bot application, people don't know that bot application has disadvantages, indecencies that the app run through a subscription as a recharge before it will stand firm to process your transaction. So using bot app is something i seen like people who doesn't understand the concept of trading are usually adopt the system of bot application trading. From my points of views it's like lazy set of traders will prefer using it. because from my perspective it disadvantages is higher than the advantages via trading.

[rektbot]

as I stated before, the only working bot is the one you can code yourself.
don't subscribe or pay for bots you can't access the source code.
If you know how to trade and if you know how to code, it's pretty easy to be profitable.
if you wanna check some results of my bot, here they are: rekt.it/video.html

[sklopan]

Many of my friends tried to work with bots, but few people were satisfied with the result. It seems to me that with experience, a trader may well earn more himself.

[Cling18]

I tried to work with different bots, but I made an important conclusion - it's better to work manually. This option seemed to be the most reliable and profitable in terms of work.

I also tried using it before and it didn't work for me. That's why we're advised to learn everything about trading so we can do it ourselves. Yes, manual trading is more ideal and effective than trading bots because we could decide what to do on our own than relying on automated bets. Trading bots are too risky and as much as possible, we should get rid of them.

[AakZaki]

I also tried using it before and it didn't work for me. That's why we're advised to learn everything about trading so we can do it ourselves. Yes, manual trading is more ideal and effective than trading bots because we could decide what to do on our own than relying on automated bets. Trading bots are too risky and as much as possible, we should get rid of them.

Although it is a robot, but the settings remain manual and are done by ourselves. So relying on robots for trading is not very effective, if it lacks technical basis and fundametal analysis. In fact, I have been invited to work together to set up roboot trading, this is because I understand a little about the technical analysis applied to execution orders in roboot trading. But so far I am still not interested in using trading robots. I believe more if I do independent technical analysis.

[South Park]

Many of my friends tried to work with bots, but few people were satisfied with the result. It seems to me that with experience, a trader may well earn more himself.

And you are not wrong, a trader has the ability to change strategies on the fly and adjust to the market conditions way faster than any bot, however the advantages of bots are not small but can only benefit a small number of traders, as an example bots can trade tirelessly without rest every single hour of every single day, something that even the best trader cannot do, also a bot can monitor many more pairs than a trader so they can find more and better opportunities to make money, so while bots are not perfect they still offer some good opportunities to make money in the markets if you know how to take advantage out of their characteristics.

[GigaBit]

It is really admirable to get good returns by you using trading bots but trading at all based on trading bots should not be done at all. Here you can make a temporary profit but you can also face a big loss because you know that robot is conducted by order which confirmed manually.

[Desmong]

Hi all 

Can you advise whether it is advisable to use a trading bot to trade cryptocurrency?
Such bots are sensitive to volatility, which often happens in the cryptocurrency world.
And how will the bot behave in a falling market?
I used one well-known bot for a month and it made 25% of my balance in a month.
And now I want to invest a lot more money in it.

Thanks

I have used a bit to trade the spot market before and it was amazing. It was making short profits for me with time and I was surprised it really works to my desire and expect. The major difficulty about it is that we can not use it and trade the future market. The bot doesn't predict price movement and guesses the market direct. I was able to make good profits from the bot and it was one of my favorite bot then that.

[KingsDen]

Everyone has their experience of trading bots, but mine was horrible as it was like a nightmare. It is the only factor that deterred me from being a pro trader. I was discouraged and also gave up.
The first few weeks I used it, it was very profitable and I thought I have arrived. I increased my capital and it blew my account 3 times.
I lost everything, including trading capital, money for buying bots and all.

It was after some times I understood that why I lost much was because I thought the bot was auto-money making machine, not knowing I was supposed to manually follow up and manipulate.
So, the conclusion is that the strategy that your bot is using might be fin now, but when the market changes, it can be disastrous.

[GeorgeJohn]

It is really admirable to get good returns by you using trading bots but trading at all based on trading bots should not be done at all. Here you can make a temporary profit but you can also face a big loss because you know that robot is conducted by order which confirmed manually.

Let us share vital experience and be very honest here. It's very clear and obvious and very understandable in same vain that using bot application for trading will not give you a potential or sufficient profit that normal trading will gives you, i just on my own notice that the only advantages of bot trading is that it will not permit you to adventure into lost subsequently and it will not make you nake profit as i said previously, saying with assurance that with bot application you make a qualities or huge profit is under statement. Except you are not portraying your point base on what you encounter or said because you have heard about bot trading...use it before you can portray positive things and negative things about bot application

[AlphaDayTrader]

I have developed a lot of robot trading strategy.
My advise is that you should test the robot for 4 years at least,  so it worked on bullish and bearish and Sideways.

[leea-1334]

I talked for some time with algo traders who actively trade through robots and came to the conclusion that the most efficient bot is the one that is written with your own hand for a specific strategy based on statistics or a robot written by some programmer to order, for your strategy. All robots that are purchasable off-the-shelf solutions will not bring long-term success, especially robots that are trying to sell online for a small amount.

Which actually is the whole point of bots that many people do not realize.

Bot is not to magically create strategies for you. That job is your job, to find the strategy that works for your level of time, bankroll and risk,,, bot is simply there to automate those strategies and let you sleep and do other things instead of staring at the screen the whole day

But I guess people think of bots as 'tricks' to earn.

[lixer]

I talked for some time with algo traders who actively trade through robots and came to the conclusion that the most efficient bot is the one that is written with your own hand for a specific strategy based on statistics or a robot written by some programmer to order, for your strategy. All robots that are purchasable off-the-shelf solutions will not bring long-term success, especially robots that are trying to sell online for a small amount.

Which actually is the whole point of bots that many people do not realize.

Bot is not to magically create strategies for you. That job is your job, to find the strategy that works for your level of time, bankroll and risk,,, bot is simply there to automate those strategies and let you sleep and do other things instead of staring at the screen the whole day

But I guess people think of bots as 'tricks' to earn.

That's true for some. They miss understand the true use case of these bots. This is why many people create bots and sells them in the market. They then put some description that this bot can work wonders only to fool the newbie and those who looks for easy money. I am not sure but maybe there are communities or forum where people gather and talk about crypto trading bots.

If we are lucky maybe we can find scripts there that we can just download and load it on our own bots, same with what I am doing with gambling bots but they are just a strategy and won't still guarantee that someone can earn unlimited profits without experiencing to lose anything.

[nur rochid]

It is really admirable to get good returns by you using trading bots but trading at all based on trading bots should not be done at all. Here you can make a temporary profit but you can also face a big loss because you know that robot is conducted by order which confirmed manually.

Let us share vital experience and be very honest here. It's very clear and obvious and very understandable in same vain that using bot application for trading will not give you a potential or sufficient profit that normal trading will gives you, i just on my own notice that the only advantages of bot trading is that it will not permit you to adventure into lost subsequently and it will not make you nake profit as i said previously, saying with assurance that with bot application you make a qualities or huge profit is under statement. Except you are not portraying your point base on what you encounter or said because you have heard about bot trading...use it before you can portray positive things and negative things about bot application

trading bots costs will offer a tantalizing profit calculation, just as we get passive income, so many of those who are not familiar with trading are clearly tempted to participate, while the risk actually threatens them, trading bots have existed for many years, and until now There are no success stories of trading bots as a member yet. maybe at the beginning profit can be achieved, but gradually it is no longer relevant, and finally excuses for updating bots so that they are charged again

[leea-1334]

But I guess people think of bots as 'tricks' to earn.

Quite right. A bot is just an automation of your knowledge and skills, few people want to sit at a computer all day and watch the price, in this case algo trading helps. And those who think that there are some universal settings that will make the bot work with a single button, then they strongly doubt it, I put such traders in the same category that uses copy trading, telegram signals and others. These are naive people who think that they can outsmart the market using these methods of earning and can get rich on it, while not delving into anything. This will never happen.

Actually on the contrary many people want to sit at the computer all day to watch the price, hence the wrong use of trading tools like bots. They shit there and sit there running their bot and wonder why they are not making profits.

Then they take over in impatience and tweak all day and worry,,, taking away the exact whole point of the bot, which is automation!

[BITCOIN4X]

I don’t know in which circle of people you communicate that they want to sit at the computer all day, but in my circle of people and in those communities where I am a member, people try to get away from this, since sitting at the monitor for a long time is tiring and it is psychological exhausting. They want to use bots not to sit at the monitor all day, but to think less and do something manually less, as it is tiring. and many people, by nature, are also too lazy.

People who use bots but are always sitting in front of a monitor are those who may not trust the bot or its setup enough. They keep monitoring the price movement even though they are already using bot, that's funny and I think at the same time they are losing the functionality of the bots themselves. Bot are tools we can customize to our liking, but so far I haven't used them. If someone really doesn't trust bot and their setup, then why would they use bot, bot should be able to make them have more time away from the monitor.

[jostorres]

But I guess people think of bots as 'tricks' to earn.

Quite right. A bot is just an automation of your knowledge and skills, few people want to sit at a computer all day and watch the price, in this case algo trading helps. And those who think that there are some universal settings that will make the bot work with a single button, then they strongly doubt it, I put such traders in the same category that uses copy trading, telegram signals and others. These are naive people who think that they can outsmart the market using these methods of earning and can get rich on it, while not delving into anything. This will never happen.

This is the difference between an expert trader and a novice one. A novice one will use the default given strategies and hope that we would get something in return, and that would be a bad idea, I do not suggest doing that because it will not be that much of a problem or help for you at all.

However, if we are talking about something that is profitable in the sense that we could make a profit but we want to work as little as possible then the best thing we could do right now would be to learn how to trade manually first and if we are great at that then we could become great at how to use a crypto trading bot as well and use the same system on it.

[leea-1334]

Actually on the contrary many people want to sit at the computer all day to watch the price, hence the wrong use of trading tools like bots. They shit there and sit there running their bot and wonder why they are not making profits.
Then they take over in impatience and tweak all day and worry,,, taking away the exact whole point of the bot, which is automation!

I don’t know in which circle of people you communicate that they want to sit at the computer all day, but in my circle of people and in those communities where I am a member, people try to get away from this, since sitting at the monitor for a long time is tiring and it is psychological exhausting. They want to use bots not to sit at the monitor all day, but to think less and do something manually less, as it is tiring. and many people, by nature, are also too lazy.

They are certainly not my circle, they are the people you and me see every single day on this forum,,, when I was on Twitter or Slack or even Telegram, people were talking about price all day. Move up $1000? 10 people talking about it. Move down $500? Panic. Chart sharing price sharing, it is all nonstop.

So what, these guys are not all day watching price?

Real trading should be research charting etc, putting in trades, then doing other things like actual job.

People ARE lazy. Watching prices all day is being lazy

[sklopan]

It seems to me that the use of bots has a negative effect on the results of the trader's work and on the experience of the trader in general.