Do you use crypto trading robots?

[justdimin]

bots work according to the orders that make them while the market doesn't seem to be controlled by anyone, so bots will only work at certain times and we must be able to master it. Of course, we cannot depend entirely on bots, the best thing is to learn the manual even though it requires a long process until in the end we can trade at any time with our own strength. Moreover, many bot sales are actually misused using the pyramid system, and members of the bottom are the victims

No matter how a trader is good, there are times of losses, but if a trader learn how to strategize in a way the time of losses are just unrealized losses in a way the market would correct itself and they will make profit, a good result would be achieved. But what I noticed is that newbie traders only want to focus not on this, but on bots, signals and copy trading. That is why newbie traders keep on losing because they are mostly after looking for ways to gain and not how to mimize their loss. As for me, trading bots are not advisable. I trade manually and if I am exhausted, i will not trade.

Trading bots take away that emotion, that's why they are considered "good". In reality any veteran and good trader would profit a lot more than a trading bot could, but for a newbie this is basically a method where they could leave their emotions out the door, give the bot a good trading strategy, and just let it work as long as it could.

If the newbie is too bad, then they will end up stopping the bot too quickly and cause a lot of trouble, but at the same time this means that we shouldn't be focusing that much on the profit side of the bot, because it could have bad days, but on the long term prospect of it, that's a better approach to understanding them.

[Franctoshi]

I have never used trading bots before in running my trades, but recently I have been thinking about using trading bots due to time consuming factor involved with trading and analyzing the market and sometimes I do miss some buying opportunities which is fine, but I'm considering using the DCA bot for now to accumulate more Bitcoin on weekly basis to see the results and if that is fine I may consider using the spot grid bot too.

[Smitty Werben Man Jensen]

I have very less experience in crypto trading bot. i didn’t use bot too much for trading . I like manual trading a lot and I do it because it makes a different kind of training fun.  I sometimes follow the signals of some trading channels and trade according to my own analysis

I myself have never even used bots in trading and so far manual trading is indeed more fun,
actually I've heard stories from some people who use trading bots that the profits are not as much as manual,
but regardless it all depends on individual preferences

[sana54210]

I have never used trading bots before in running my trades, but recently I have been thinking about using trading bots due to time consuming factor involved with trading and analyzing the market and sometimes I do miss some buying opportunities which is fine, but I'm considering using the DCA bot for now to accumulate more Bitcoin on weekly basis to see the results and if that is fine I may consider using the spot grid bot too.

I would say that you should stay away from them at this point. Trading bots are what you are, and right now everyone is losing money so of course trading bots are losing money as well. I have been involved with that world for over 5 years and I can easily tell you that people are not making a profit and they are going crazy towards the creators of the bots.

Every seller is acting as if it is the key to success, they all come in and say you could do better than yourself by trading with a bot, but if you are losing money now, then the bot will be losing 7/24 automatically instead, it's very bad. It’s better to wait for the bull period to start using a bot.

[South Park]

I have very less experience in crypto trading bot. i didn’t use bot too much for trading . I like manual trading a lot and I do it because it makes a different kind of training fun.  I sometimes follow the signals of some trading channels and trade according to my own analysis

I've been using bot last year and I stop, there's more time that I am losing than getting profit from trades. I don't have a trust to any bot right now, some people still use bot especially in futures but I think it will be a lot easier and effective if you have a larger amount of money in your wallet so that the bot can have some DCA and the margin is good, but a person uses a bot needs not to forget cross and isolated for futures.

And it is understandable this has been your experience so far, the only people that can earn profits from bots are the ones selling those bots or the ones which created their own custom bot, the first group is the most obvious one but the second group is made by the small amount of traders out there which cannot only produce profits but they can also code and create their own bot, this means they can code their own strategy into their bot which no one else knows about and this makes the chances their bot makes profits way higher than what your average trader can get with the bot they bought.

[goinmerry]

A trading bot can be more effective for futures or margin trading than spot trading, because when one does leverage trading, he/she must always be active and take entry in a right time, so using a bot, he can take the right entry from futures trading . and he can make some profit.  Because it is not possible for a human to be active all the time but it is an easy task for a bot

I think you don't need to use a trading bot on Futures correct me if I'm wrong but I think there's no bot that can be applied in Future trading. In Futures Trading, you can already set conditions without the use of a bot that's why I don't think a bot can help us here.

As far as I know, it's on Futures that you need to monitor manually. Besides, since Futures are risky why do you intend to leave it out of your keyboard? Most users doing that trading type are more of focus different from the approach they are doing in Spot Trading.

[SaveOurSea]

I have very less experience in crypto trading bot. i didn’t use bot too much for trading . I like manual trading a lot and I do it because it makes a different kind of training fun.  I sometimes follow the signals of some trading channels and trade according to my own analysis

I myself have never even used bots in trading and so far manual trading is indeed more fun,
actually I've heard stories from some people who use trading bots that the profits are not as much as manual,
but regardless it all depends on individual preferences

The trading bot doesn't hold the crypto for long when it sees that the token it bought has made some profit, the bot instantly sells that token and buys it again which happens many times in a short period of time which is why trading with using a bot is not as profitable as doing it manually.

That's the performance of using a trading bot and that's what differentiates it from trading manually,
they all have their advantages and disadvantages,
and honestly for me it's more profitable manually although we also need to learn and improve skills

[Tomas45]

I have never used trading bots before in running my trades, but recently I have been thinking about using trading bots due to time consuming factor involved with trading and analyzing the market and sometimes I do miss some buying opportunities which is fine, but I'm considering using the DCA bot for now to accumulate more Bitcoin on weekly basis to see the results and if that is fine I may consider using the spot grid bot too.

I'm using this bot. It's cool and it works as expected https://www.cryptohopper.com/?atid=25311

[Ararbermas]

This is very helpful for traders who are active for 24 hrs. Even when the trader sleeps, the bot will act in that position and execute trades continuously. In specific the trades get executed for small fluctuation. At a very minimal margin the buying and selling continues to happen.

that's what it is, wherein they will work based on their program.. Actually there's a lot of good bots nowadays when it comes trading but most of them become so expensive especially those common and and popular that still very effective till these days. So yeah like me who don't so much money to trade, i don't think that's worth it to provide.. 

[Flexystar]

Certainly bad idea to jump into bot trading if not into the field already since very long time. The number 1 reason is you have to program the bot and have proper settings done before you could implement it. Many of them think you just have to tell bot I need profit in the next trade. Lolz. That’s really fun, but it’s not like and it will never work like that even with AI tools. You still need to have proper algorithm settings so that bot could understand everything from your balance to budget and from limit orders to market caps and so on. For me it’s not good option, I would rather just buy and sit by window to see if the coin has increased in the value or not.

[Getmon]

There are many trading bots available. It can be helpful, especially if you want to run a trade 24/7. I know some of my friends have done it but they were only active when the market is booming and not the present market. Some of my friends made profit and some lose money using trading bots. I prefer to do trades manually. I want to make it simple and I do not sleep on my trades unless I intend to them for days or even months.

For the newbies. I advice you to learn first how to trade and understand the market before spending money on trading bots. Trading bots are not smart, they only follow on your trade settings.

[gunhell16]

I recently came across this site: https://robotscrypto.fr/. I wanted to know if you use crypto bots to help you in your trading?

This site has quite a few, and it seems to work well.

I would love to have your opinion on this thank you! And if you have any crypto trading bot platforms to suggest don't hesitate!

I can't get out of my mind if you are the owner of the site platform you are talking about or one of the corporate owners. Moreover, in my years of crypto trading, I have not seen any traders here who said that they made a lot of money with the trading bot. Is there anyone or many who can prove it?

As far as I know, there isn't yet, which means it's not proven to say that you will earn consistently here in crypto trading. Also, as far as I know, there is a fee if I'm not mistaken.

[LUCKMCFLY]

I wish it was so easy that I could just turn on a bot and make all the money. We can all dream right? For me I think the better strategy is probably just buy and hold. Other wise I am just chasing losses.

Most of those bots fails, if you really want to be a professional trader then you should just learn to do your analysis yourself, if trading bots are reay then I believe by now everybody will be using bot to trade because they will never lose money which I believe that's what everyone wants, most of those trading bots are fake which you will just end up losing money, so it's just better you take your time and learn about crypto trading before you invest your money and also invest the amount you can afford to lose. Also you can just buy your coin and hold just the way @melody82 said.

A brother-in-law called me and came to my house to ask me if it is true what a robot can do in trading, (crypto trading) he told me that the investment to obtain the bot is 170usd and that you can join BInance, and that the robot makes 3 to 5 trades a day, and that it can be earned as long as you have money in the account, but that one manages, let's say, the amount of money to risk, then according to him and a friend he has it and it is something that impressed me , he made me talk to his friend on the phone, but the friend really doesn't know much, so he didn't help me at all, so I came to the conclusion that he better invest his time in reading trading books so that he himself makes his trading decisions and who will apply everything he knows about trading, is much better than a robot.

[abel1337]

I wish it was so easy that I could just turn on a bot and make all the money. We can all dream right? For me I think the better strategy is probably just buy and hold. Other wise I am just chasing losses.

Most of those bots fails, if you really want to be a professional trader then you should just learn to do your analysis yourself, if trading bots are reay then I believe by now everybody will be using bot to trade because they will never lose money which I believe that's what everyone wants, most of those trading bots are fake which you will just end up losing money, so it's just better you take your time and learn about crypto trading before you invest your money and also invest the amount you can afford to lose. Also you can just buy your coin and hold just the way @melody82 said.

A brother-in-law called me and came to my house to ask me if it is true what a robot can do in trading, (crypto trading) he told me that the investment to obtain the bot is 170usd and that you can join BInance, and that the robot makes 3 to 5 trades a day, and that it can be earned as long as you have money in the account, but that one manages, let's say, the amount of money to risk, then according to him and a friend he has it and it is something that impressed me , he made me talk to his friend on the phone, but the friend really doesn't know much, so he didn't help me at all, so I came to the conclusion that he better invest his time in reading trading books so that he himself makes his trading decisions and who will apply everything he knows about trading, is much better than a robot.

I personally won't trust a person who is giving advise that don't really have much idea on what he is talking about. I think his friend is just aiming for a referral bonus on that bot he bought. There are different kind of bot but most of them requires some trading knowledge and even fundamentals about cryptocurrency to make it more effect, Investing time on knowledge first would be the right way. Sooner or later your brother-in-law would realize that he don't need a bot just to earn in crypto.

[Woodie]

My trading style can easily be bot programmed but there is just no better feeling than executing trades by oneself, of course bots have their own advantages like trading with no emotions etc but because I use muti time frame analysis and other confluences bots are not my best option unfortunately...some human touch is needed.

[suzanne5223]

This is very helpful for traders who are active for 24 hrs. Even when the trader sleeps, the bot will act in that position and execute trades continuously. In specific the trades get executed for small fluctuation. At a very minimal margin the buying and selling continues to happen.

if i am the opposite of you when a trader does not have full time in the market and has a job in the real world and trading bots help them a lot.
i also sometimes when busy working in the real world and only some time to see the market, i rely more on trading bots to help me.
well even though it's a bit expensive to buy a trading bot but for me it's worth what the bot generates

Crypto trading bots was introduced to ease the burden of crypto traders but the use of trading bot is not always profitable as you presume it to be. Besides, the bots work based on settings which means the profit the crypto trader that uses the bot makes will be determined by her trading decision.
Crypto trading bots may be effective but it result is determined by the user. I like bots when it comes to arbitrage trading. They are always good at it.

[GeorgeJohn]

This is very helpful for traders who are active for 24 hrs. Even when the trader sleeps, the bot will act in that position and execute trades continuously. In specific the trades get executed for small fluctuation. At a very minimal margin the buying and selling continues to happen.

Using bot for trading bring more disadvantages, i noticed that bot have different rules that it's involves before it can carry on operation, you will subscribe bot and before it will give you profit, and the profit bot will give you most of them will end in using it for subscription, so that is exactly what means traders to skip using bot application, because theirs no useful function indecencies that it will still leads you to lost.

[wxa7115]

Certainly bad idea to jump into bot trading if not into the field already since very long time. The number 1 reason is you have to program the bot and have proper settings done before you could implement it. Many of them think you just have to tell bot I need profit in the next trade. Lolz. That’s really fun, but it’s not like and it will never work like that even with AI tools. You still need to have proper algorithm settings so that bot could understand everything from your balance to budget and from limit orders to market caps and so on. For me it’s not good option, I would rather just buy and sit by window to see if the coin has increased in the value or not.

Bot trading attracts newbies precisely because they believe they can just run the bot and then obtain profits without doing anything, but this is not true, you need to be an expert trader to be able to run a bot like that successfully, and this is because most bots are still not as good as human traders and their main advantage is they can trade without rest unlike a human.

So your trading strategy needs to be so good that even a bot which cannot use it as efficiently as a human can still generate profits with it, and this is not something easy to do.

[Lanatsa]

Certainly bad idea to jump into bot trading if not into the field already since very long time. The number 1 reason is you have to program the bot and have proper settings done before you could implement it. Many of them think you just have to tell bot I need profit in the next trade. Lolz. That’s really fun, but it’s not like and it will never work like that even with AI tools. You still need to have proper algorithm settings so that bot could understand everything from your balance to budget and from limit orders to market caps and so on. For me it’s not good option, I would rather just buy and sit by window to see if the coin has increased in the value or not.

Bot trading attracts newbies precisely because they believe they can just run the bot and then obtain profits without doing anything, but this is not true, you need to be an expert trader to be able to run a bot like that successfully, and this is because most bots are still not as good as human traders and their main advantage is they can trade without rest unlike a human.

So your trading strategy needs to be so good that even a bot which cannot use it as efficiently as a human can still generate profits with it, and this is not something easy to do.

One of the most common misconceptions of newbie that they do really believe that bots could really bring up some money or profits to them without even realizing thats not how bots do work.

It is for automation of trades and if you arent really that knowledgeable then you dont really have that idea on how to make some edits basing up on your trading strategy.

There are pre-set up bots which you could make use directly but of course if you do have zero knowledge then you would be completely dependent on it and
once you had lost money or capital then we do know on where you do blame next. 

[akuntester1]

I wish it was so easy that I could just turn on a bot and make all the money. We can all dream right? For me I think the better strategy is probably just buy and hold. Other wise I am just chasing losses.

Most of those bots fails, if you really want to be a professional trader then you should just learn to do your analysis yourself, if trading bots are reay then I believe by now everybody will be using bot to trade because they will never lose money which I believe that's what everyone wants, most of those trading bots are fake which you will just end up losing money, so it's just better you take your time and learn about crypto trading before you invest your money and also invest the amount you can afford to lose. Also you can just buy your coin and hold just the way @melody82 said.

A brother-in-law called me and came to my house to ask me if it is true what a robot can do in trading, (crypto trading) he told me that the investment to obtain the bot is 170usd and that you can join BInance, and that the robot makes 3 to 5 trades a day, and that it can be earned as long as you have money in the account, but that one manages, let's say, the amount of money to risk, then according to him and a friend he has it and it is something that impressed me , he made me talk to his friend on the phone, but the friend really doesn't know much, so he didn't help me at all, so I came to the conclusion that he better invest his time in reading trading books so that he himself makes his trading decisions and who will apply everything he knows about trading, is much better than a robot.

I think it's true that some traders may be very helpful with the help of trading bots.
however for someone who is a complete beginner and has no experience at all in the world of trading.
I think should avoid using trading bots first, for beginners it is better to learn to understand trading and the market manually.
if at first we enter the world of trading using trading bots in my opinion it will make us untrained.
I prefer to trade manually and learn more with my friends who have already entered the world of trading.
I think there's a lot of new things to learn when trading manually and we're going to be exposed to the risks head-on.
because I think we will get profits automatically, if we already have the skills and experience in trading.