Do you use crypto trading robots?

[Natalim]

I'm going to say that I've never tried it but hoping it can be done soon when I see reliable bots. But as long as I have enough time to check the market, have enough time to face the computer, and do trading, I can't afford to do it. Maybe there is the right time to do this, using bots, but as we are still learning, it was good advice not to try this instead, make ourselves do it personally. Because bots are still reliant to us, if we don't have knowledge in trading, never we expect this will function its one and results positive.

[1714661822]

1714661822

[1714661822]

1714661822

[Bhig Daddy]

Robotic trading is something I dislike. Despite the fact that some cryptocurrency traders use it. There are only trials, but there are also desires to succeed commercially.
Some of my pals who have tried trading with bots appear to no longer do so. possibly because the outcomes are unsatisfactory. nevertheless, I'm not familiar with the trading bot the OP is referring to.

[panganib999]

Bots are there to just automatize your trading systems, since most of them will base their trading behavior upon algorithms you will set. Eventually some experienced traders may think of creating one for them so they don't have to check the market every single close and open just to ensure that you will be able to hold a position for that particular trading session. Some still wants to trade by themselves without the help of any type of program. Honestly I wouldn't mind using bots especially if I made it myself. You wouldn't catch me hiring a third-party bot though. That is risky.

[South Park]

Robotic trading is something I dislike. Despite the fact that some cryptocurrency traders use it. There are only trials, but there are also desires to succeed commercially.
Some of my pals who have tried trading with bots appear to no longer do so. possibly because the outcomes are unsatisfactory. nevertheless, I'm not familiar with the trading bot the OP is referring to.

But why do you dislike them? Bots at the end of the day are just a piece of code that people are using to give themselves an edge over the rest of the market participants, which if you really think about it is something that everyone is doing, no one is graphing the markets by hand anymore, something which was done before the advent of computers, no one is calculating their own indicators by hand either or are on the floor trying to buy stocks directly from another person, we all use technology, so it makes sense some found a way to reproduce their trading strategy in the form of a bot.

[Lanatsa]

Robotic trading is something I dislike. Despite the fact that some cryptocurrency traders use it. There are only trials, but there are also desires to succeed commercially.
Some of my pals who have tried trading with bots appear to no longer do so. possibly because the outcomes are unsatisfactory. nevertheless, I'm not familiar with the trading bot the OP is referring to.

But why do you dislike them? Bots at the end of the day are just a piece of code that people are using to give themselves an edge over the rest of the market participants, which if you really think about it is something that everyone is doing, no one is graphing the markets by hand anymore, something which was done before the advent of computers, no one is calculating their own indicators by hand either or are on the floor trying to buy stocks directly from another person, we all use technology, so it makes sense some found a way to reproduce their trading strategy in the form of a bot.

Bots are for automation which it would really be easing out traders work and effort specially when you arent in the front of your computer then it would really be just making out the actions or commands which you

had set out.It is really just people do really have bad beliefs or impressions or treatment when it comes to trading bots which these things doesnt ensure that it could bring out profits or money into you.

Its is a tool which is used for you to have those automatic trades whenever you arent really that facing your computer.If you do know on how to make use of it then
it does bring out that kind of convenience imho.

[ScottAllenTVH]

I'm surprised at all this hate for bots. I have a day job, so I can't even imagine trading without them. I certainly don't want to make trading a full-time job, especially not if I can get 80% of the results with 20% of the effort. Or even 50% of the results with 10% of the effort. And I'm not convinced it's even that.

Bots trade 24/7/365, just like crypto. They never miss a signal because it's the middle of the night, or you're at lunch, or on vacation, or whatever. Bots follow all the practices traders have to learn the hard way:
- Don't trade on emotion
- Don't get greedy - take your profits
- No FOMO - you're not going to catch every surge
- Diversification. You can't manually trade 20 coins. Sorry.

Also, this idea that beginners can't do it? There are levels, just like with manual trading.

Here's a simple, simple way that you can beat hodling, and it takes 5 minutes to set up. And you can do it for free on Binance, Pionex, or use 3Commas on any exchange they support. I'm sure there are others.

Set up a grid bot trading or a rebalancing bot between ETH/BTC. You'll accumulate BTC ahead of the market, and you hardly ever have to adjust it, because ETH and BTC are pretty well correlated at the macro level (but not at the micro level). This is what mine looks like. This is only 60 days or so, because I had to liquidate it for something else, but I've been running this basic bot setup for about a year. Beating the market by ~30%.

https://i.ibb.co/FHzLsDd/ETH-BTC-grid.jpg

Other grid bots do even better, especially against BTC. SUSHI, REN, and BAL are all running 5%/month or higher grid trading against BTC.

As far as indicator-driven bots, I've been running those profitably all year too. Sure, I've had some experiments that are losses. My current algorithm backtests on BTC/USD at over a 30% annualized return YTD. Yes, in a bear market. Did even better in that slight uptrend from mid-June to mid-August. Other major coins (not counting ones that had black swan events) have done great this year too, with returns above 5% monthly, some above 15% monthly.

Yes, you still have to have an eye on the coins at a macro level. Still have to keep an eye on the news. But you don't have to be a genius to trade profitably with bots. Just have to apply the same principles -- take your profits, don't get greedy, manage your risk, diversify as your account grows.

BTW, as far as what it costs to get into all this?

- Binance and Pionex have free grid trading - I'm sure some other platforms do too.
- 3Commas free account allows you one multi-pair DCA bot and one grid bot. A multi-pair DCA bot is amazingly powerful. Mine did 30%/month from mid-June to mid-August. Yes, it took some losses after that, but I've learned and tuned it and it's now running profitably, 10 deals at a time.
- CoinRule's free plan lets you run 2 live rules, up to $3K monthly trade volume.
- Trality's free plan allows you one rented bot and one created bot, up to €5,000 trading volume. Plus, unlimited backtesting (great feature).
- CryptoHero and TradeSanta both have free plans with 1 bot.

And, of course, just about every platform has a free trial.

Personally, I use Pionex for my grids, 3Commas free for 1 grid and 1 multi-pair DCA bot on my main exchange account, and CryptoHero for my algorithmic bots. CryptoHero doesn't have as many strategy options as some of the more mature bot platforms, but it's a lot less expensive, has great support, and very fast backtesting (much faster than other platforms).

I suggest just getting started with the free plans on a couple of different platforms. Get something profitable running. Then optimize it. Then go try something different on another platform -- each platform tends to have one or two main approaches that they're best at. It's not an either/or — just because you start experimenting with bots doesn't mean you can't keep trading manually. But at least try it out and give it a fair shake.

I'll leave you with this — screenshot of my main bot account's last few days of trading:

https://i.ibb.co/9Nrvrgz/Crypto-Hero-Deal-Log.jpg

[ChiNgadOr]

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!

Crypto trading bot can really make a good sense when the market is very volatile and it make one to make fast profits from trading than using ordinary the analog method of positioning a trade by ourselves. There are advance ways we can get to trade coins especially hundreds of coins in the market by doing that with the help if a bot that will keep executing trades for us without much stress. This method can be very effective depending on the type of market we are trading on.

[LUCKMCFLY]

Robotic trading is something I dislike. Despite the fact that some cryptocurrency traders use it. There are only trials, but there are also desires to succeed commercially.
Some of my pals who have tried trading with bots appear to no longer do so. possibly because the outcomes are unsatisfactory. nevertheless, I'm not familiar with the trading bot the OP is referring to.

But why do you dislike them? Bots at the end of the day are just a piece of code that people are using to give themselves an edge over the rest of the market participants, which if you really think about it is something that everyone is doing, no one is graphing the markets by hand anymore, something which was done before the advent of computers, no one is calculating their own indicators by hand either or are on the floor trying to buy stocks directly from another person, we all use technology, so it makes sense some found a way to reproduce their trading strategy in the form of a bot.

I do not particularly like robots because they are focused only on technical analysis and only with that you cannot trade, it would be crazy, in my case I would trust more in what I think and in my decisions that are based on reasons and not on algorithms of technical analysis with multiple indicator tools, which is not bad, but it does not think, unless you have an AI that can go through any event and make decisions according to what it has read in information and trends, that would be a great tool, and that I can do high-frequency trading, because I know I would be on another level and that would make the difference with respect to everything.

[Sterbens]

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!

Crypto trading bot can really make a good sense when the market is very volatile and it make one to make fast profits from trading than using ordinary the analog method of positioning a trade by ourselves. There are advance ways we can get to trade coins especially hundreds of coins in the market by doing that with the help if a bot that will keep executing trades for us without much stress. This method can be very effective depending on the type of market we are trading on.

Now many offer trading with robots, but what can we expect from it? just profit, right? I prefer what I generate from my own analysis rather than having to rely on robots which if we look at trading with robots also does not guarantee a high success rate. I personally don't expect much more than what they offer with trading robots. And also we rely on that, when are we going to advance? I mean when our knowledge will increase, because by using trading robots we will definitely be more lazy to analyze the market directly.

[LUCKMCFLY]

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!

Crypto trading bot can really make a good sense when the market is very volatile and it make one to make fast profits from trading than using ordinary the analog method of positioning a trade by ourselves. There are advance ways we can get to trade coins especially hundreds of coins in the market by doing that with the help if a bot that will keep executing trades for us without much stress. This method can be very effective depending on the type of market we are trading on.

Now many offer trading with robots, but what can we expect from it? just profit, right? I prefer what I generate from my own analysis rather than having to rely on robots which if we look at trading with robots also does not guarantee a high success rate. I personally don't expect much more than what they offer with trading robots. And also we rely on that, when are we going to advance? I mean when our knowledge will increase, because by using trading robots we will definitely be more lazy to analyze the market directly.

Well, in another thread I said what had happened recently and it is that a bot that I don't remember the name of, was trading for 170USD and that the bot did all the commercial transactions in people, in fact it got into Binance and did everything, but the The person in charge of marketing this bot all went wrong, and he had to raise around 200,000USD to pay the debts to all the people who had trusted him for these techniques, so you have to be very careful about robots, because in any case Moetno things can get out of control, and I didn't have those 200,000 usd, so I had to sell houses, cars, farms, to be able to raise that money.

[martyns]

Well, in another thread I said what had happened recently and it is that a bot that I don't remember the name of, was trading for 170USD and that the bot did all the commercial transactions in people, in fact it got into Binance and did everything, but the The person in charge of marketing this bot all went wrong, and he had to raise around 200,000USD to pay the debts to all the people who had trusted him for these techniques, so you have to be very careful about robots, because in any case Moetno things can get out of control, and I didn't have those 200,000 usd, so I had to sell houses, cars, farms, to be able to raise that money.

Bot trading is very bad for traders especially newbies.   Trading with bot is really one good thing and also bad at the same time. Bot trading are meant for the whales not for people who are struggling to raise capital for trading, the bot loses some time but it's loss is mainly in big scale compared to when one can lose a trading position within his or her leverage. I don't fully go into bot trading, I depend on TA and FA inother to study the down and up candlestick.

[Muba20]

Well, in another thread I said what had happened recently and it is that a bot that I don't remember the name of, was trading for 170USD and that the bot did all the commercial transactions in people, in fact it got into Binance and did everything, but the The person in charge of marketing this bot all went wrong, and he had to raise around 200,000USD to pay the debts to all the people who had trusted him for these techniques, so you have to be very careful about robots, because in any case Moetno things can get out of control, and I didn't have those 200,000 usd, so I had to sell houses, cars, farms, to be able to raise that money.

Bot trading is very bad for traders especially newbies.   Trading with bot is really one good thing and also bad at the same time. Bot trading are meant for the whales not for people who are struggling to raise capital for trading, the bot loses some time but it's loss is mainly in big scale compared to when one can lose a trading position within his or her leverage. I don't fully go into bot trading, I depend on TA and FA inother to study the down and up candlestick.

Cryptocurrencies can also be traded through bots. Whereas bots are able to do the work instantly which a trader would take time to do manually. However, using bots has advantages as well as disadvantages. I personally don't want to use bots. If the bot is good there is no problem but if it is a trap of scammers it is a big problem. If one wishes to use it keeping security in mind then there is no difficulty using the bot.

[Quidat]

Well, in another thread I said what had happened recently and it is that a bot that I don't remember the name of, was trading for 170USD and that the bot did all the commercial transactions in people, in fact it got into Binance and did everything, but the The person in charge of marketing this bot all went wrong, and he had to raise around 200,000USD to pay the debts to all the people who had trusted him for these techniques, so you have to be very careful about robots, because in any case Moetno things can get out of control, and I didn't have those 200,000 usd, so I had to sell houses, cars, farms, to be able to raise that money.

Bot trading is very bad for traders especially newbies.   Trading with bot is really one good thing and also bad at the same time. Bot trading are meant for the whales not for people who are struggling to raise capital for trading, the bot loses some time but it's loss is mainly in big scale compared to when one can lose a trading position within his or her leverage. I don't fully go into bot trading, I depend on TA and FA inother to study the down and up candlestick.

Cryptocurrencies can also be traded through bots. Whereas bots are able to do the work instantly which a trader would take time to do manually. However, using bots has advantages as well as disadvantages. I personally don't want to use bots. If the bot is good there is no problem but if it is a trap of scammers it is a big problem. If one wishes to use it keeping security in mind then there is no difficulty using the bot.

Bots are for automation nothingless, it is really just there are people who do have misconceptions that trading bots could really make them profitable which is really a very wrong mindset to have.
It is really indeed just for the use on automating your trades and of course it would really be needing for the user to set it up according into his own analysis which means that you would
need to alter it out so that it would follow on what you had instructed.If you are a noob who doesnt even know on how to trade then you cant really just make use of these bots.
There might be some already been set up but since you arent that much knowledgeable then it would be pointless.

[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.

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.

Well you are right, when a person wants to enter the trade and has no idea how to do it, I think that sometimes they look for ropbots so that they can operate for them, but I have experience that a brother-in-law told me that entering a bot, that he did everything, that you only had to pay 170usd and a capital yen in binance, I told him my reasons why I was not going to enter, and a little less than a week ago he came and told me that he did not enter either, but the people who they were in charge of that, they had to pay a lot of people close to $200k because they had lost too much money on it, so these things are dangerous.

[Ahli38]

when talking about paid trading robots then I hope no one enters it. especially if the bot is less reliable.
if you want to try using a robot for free actually Binance has provided it. please check the grid button on binance.

and please note that the use of bots cannot be in any situation. because if the market movements are too wild. high volatility will risk making you lose more money. a trading bot is more effective in use in calm market situations (sideways). but still I don't recommend it. especially in the current market situation.

unless you are familiar with using it. then bots can also bring good results. so to use the bot even we need to learn it first.

[xSkylarx]

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 don't trust bots doing trading, that is laziness and that could lead to losses. Mostly of the trader I've known they've always laugh at trading bots as they said  that you are not using your brain in your every trade. Mostly those newbies that has just started their trading journey will be looking into this as they want to have a sort of passive income but trust me you will lose your money so it is better to do it manual since you can stop or cancel your trade anytime

[Alisha-k]

If it works well then enjoy your bots for me i rather stick to what i know and the confirmations i get from fellow traders. I find it difficult trusting on someones line of code that will always have bugs. Instead of bots i rather go with copy trading. Bots isn't for everyone it is never has profitable as claimed by traders who use them.

[Anguwa]

If it works well then enjoy your bots for me i rather stick to what i know and the confirmations i get from fellow traders. I find it difficult trusting on someones line of code that will always have bugs. Instead of bots i rather go with copy trading. Bots isn't for everyone it is never has profitable as claimed by traders who use them.

Bots follow instructions and codes that are given to them; since these have nothing to do with human sense and are unable to fully satisfy human needs, they are unable to determine when to stop trading and cash out and when not to. The market has no definite direction that anyone can set a target for, so using one's brain is necessary to prevent losses or preserve capital. According to me, using a crypto trading bot under the current market conditions could result in a total loss of capital.

[Ryu_Ar1]

In this case, I actually prefer long-term investments to trading, but I have also done this several times and even though I am quite new to trading, I don't feel that using a robot in trading is a good thing to do.
We know that even though there are indeed some big exchanges like Binane that have trading robots in them, I think this is not a suitable guarantee.
It's better not to do things like that and it's better to learn properly than to use things like that. As for us, we still can't trade. I personally suggest choosing investments with a long term rather than forcing yourself to trade because regardless of anything, we also have to know the qualifications. yourself whether or not you can do it.

[GeorgeJohn]

I think i have reacted in this issues before because i know that some people do not like making use of bolt because of it's way of trading, and besides bolt doesn't guarantee for mega profit daily, i believe that it's why some people decline not to be using bolt application for any thing they are doing right, but i had a friend who is using bolt application to run it's trading.