What you really think about trading bots?

[WatChe]

IMO you are 100% right by saying that such tools are not for beginners rather only for expert traders. Only experienced traders should go for it and they are in better position to tell whether they are worthy or not. These days AI based trading bots are available that can do trading like humans (not sure up to what extent they can act like humans).
I would say use them only while you are away not rely on them 100% for all of your trading. If bots can give profit then whole trading industry would be relying on them.

in real use beginners use trading bots more than doing manual trades with their technical knowledge. Beginners only rely on the work of bots to make trades automatically. This will be very dangerous because beginners do not have full control of what is traded. Even though trading bots also use AI it will still be at risk. No machine is perfect, all will experience errors. As a trader, you must also have control over the assets being traded.

In school kids are not allowed to use calculators in Math exams (in initial grades) just to make them proficient in using there brain to do calculations and figure out the answer. As students move to high grades they are allowed to use calculator in Math exam. Likewise, novice traders should not go for aids like 'Trading Bots' as they are meant for experienced traders only. If you start using Trading Bots from your initial days of trading then you wont be able to learn the art of trading.
Moreover, every trader has its own strategy which a Bot cant use. There is a brain behind every successful trader not a 'Bot', so try to use your own brain instead. These aids should only be used in minimal.

[1715168981]

1715168981

[1715168981]

1715168981

[1715168981]

1715168981

[GeorgeJohn]

I have make some emphasis on this thread before if I'm not mistaken, i believe that bot kind of trading is waste of time and also waste of resources, because bot is a designed programmed machine, and most of them have a subscription terms and conditions, so i believe that seriously, so it's encouraging or encourageable for someone to learn all the necessary implication that will lead someone into the negative side of trading, so trading needs to know the necessary rudiments, so it's better to perform trading manually than using bot application.

[Mahanton]

I have make some emphasis on this thread before if I'm not mistaken, i believe that bot kind of trading is waste of time and also waste of resources, because bot is a designed programmed machine, and most of them have a subscription terms and conditions, so i believe that seriously, so it's encouraging or encourageable for someone to learn all the necessary implication that will lead someone into the negative side of trading, so trading needs to know the necessary rudiments, so it's better to perform trading manually than using bot application.

Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these
bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.

[Xampeuu]

I have make some emphasis on this thread before if I'm not mistaken, i believe that bot kind of trading is waste of time and also waste of resources, because bot is a designed programmed machine, and most of them have a subscription terms and conditions, so i believe that seriously, so it's encouraging or encourageable for someone to learn all the necessary implication that will lead someone into the negative side of trading, so trading needs to know the necessary rudiments, so it's better to perform trading manually than using bot application.

trading using bots has indeed been designed systematically by the creators, but the weakness of using bots is that bots do not have the psychology to trade in certain situations and conditions. unless we already understand trading as a whole, and bots are only used as trading assistants, instead of completely surrendering trading to him, because of course there will be big losses when extraordinary events occur, and only human psychology can minimize losses at that time

[KupaCrypto]

When you heard that term for the first time, you will expect that a "bot" will just simply trade for you and will give you endless profits.  You will think that bots will help you not to lose money.

Well, trading bots really will help you trade as it can execute trades faster than a human does and it does work 24/7 but it doesn't guarantee you to give profits. Trading bots might be helpful for those traders out there while executing their trades on their own, but these bots aren't a bot that will not make you lose money. It isn't 100% profitable and there will be times that you might get lose in your trades. Anyway, trading bots are still very useful for some traders out there.

Yes , trading bots are profitable as long as you can identify them correctly,  cryptohopper remains one of the best automated bot trading as you can you can manage all crypto account exchange in one place and also allows you trade altcoins. Like every other trade experience and proper guidelines is expected to make successful trades so as to make profits.

[Sterbens]

What do you think about trading bots in general?

People talk a big deal about trading bots. But we know that trading bots are just bots. They are programmed and cannot replace experienced traders. They cannot make intelligent decisions as they are purported. Because if they can actually make 10x profits then most people would just turn to them. One other point is that trading bots are not for newbies. It doesn't stop one from learning about trading because to set it up requires some level of skill. For now though, I stay away from it.

Yes that's right, it's better to avoid trading bots, because to be honest it won't make us more for than what they say. Maybe indeed for some trades they give profit, but not every trade right? if that is true, then i think people will switch to using trading bots. It would be better if we independently analyzed the market, it would give us a lot of experience, moreover by analyzing ourselves we are required to continue learning and that will increase our knowledge.

[usachev]

Any trading bots that promise you that you will make profit are actually fake and most likely trying to scam/lure you. Don't "buy" those trading bots. You don't even know what those bots are capable of. They can end up swiping your whole computer!

There are legit trading bots, but don't expect those bots to do everything for you. They will follow the strategy you provide them with, but you will have to supervise and keep on updating the bots. The only thing bots help you do is automate the trade for you which you only need to update every few minutes to hours instead of constantly looking at the screen.

I disagree. There are strategies that work.
True, they are usually written by traders

Here is my trading bot. who trades. Deals are posted here.
You can check

https://t.me/botforyoumoney

[alastantiger]

I am tired of the hype around trading bots. They are so much that you can even tell it will too much work to get it to run effectively. In addition, despite the so called gurus saying that it will run smoothly and that it will not require any technically knowledge, I doubt it. I have followed most these YouTubers to try to use ChatGPT to give me a trading script that works but all to no avail. The best bet is still to keep using the manual human method which is tested and trusted.

[GeorgeJohn]

Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these
bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.

Do you know the reason while i dont encourage a novice in trading not to desperately use trading bot to trade, because i find out that bot those not have accurate stake in and especially for day trading and nothing like specific amount you can earn. and secondly it requires a subscription before you can as well use the application, so the subscription doesn't have any advantages from my perspective or point of views. So it's better to learn trading and understand the rudiments of trading before you can as well apply using bot measure.

[xSkylarx]

Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these
bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.

Do you know the reason while i dont encourage a novice in trading not to desperately use trading bot to trade, because i find out that bot those not have accurate stake in and especially for day trading and nothing like specific amount you can earn. and secondly it requires a subscription before you can as well use the application, so the subscription doesn't have any advantages from my perspective or point of views. So it's better to learn trading and understand the rudiments of trading before you can as well apply using bot measure.

People are getting lazy right now. Most of those experienced traders are now learning how to make a bot so that they can automate their strategy and run it even if they are not checking the chart. This kind of bot is really good to implement, and not those you need to buy it. I haven't tried to make my own bot to automate my trading, but now that it has changed my mind, I want to try one that I will make from scratch. Though on those subscriptions type of bot, I don't know how they work, but for sure, your strategy won't be used on them.

[GeorgeJohn]

Bot application isnt really bad because it was really that intended for automation and not for some money making on which other people is really been thinking.They do really have that wrong approach within these
bots which are actually have other main purpose which isnt to assure profits but rather give out some convenience into those people who had been trading specially on times that they are away from their devices or computers.It is really just that people do have that kind of wrong mindset and believe that it could bring out some assured profits which is really very wrong and not possible.
You are still needing for yourself to be that making settings into those bots to be that effective or efficient.

Do you know the reason while i dont encourage a novice in trading not to desperately use trading bot to trade, because i find out that bot those not have accurate stake in and especially for day trading and nothing like specific amount you can earn. and secondly it requires a subscription before you can as well use the application, so the subscription doesn't have any advantages from my perspective or point of views. So it's better to learn trading and understand the rudiments of trading before you can as well apply using bot measure.

People are getting lazy right now. Most of those experienced traders are now learning how to make a bot so that they can automate their strategy and run it even if they are not checking the chart. This kind of bot is really good to implement, and not those you need to buy it. I haven't tried to make my own bot to automate my trading, but now that it has changed my mind, I want to try one that I will make from scratch. Though on those subscriptions type of bot, I don't know how they work, but for sure, your strategy won't be used on them.

Bot application is the methods whereby someone that doesn't have knowledge of trading can easily adopt the option of trading with bot application. So from my perspective i will narrate that bot have its own ways of operational system, because they have different functions depending on the one you come across. A good trader can not be likely to embrace the system of trading with bot application, unless that it have make a research and noticed the possible advantages of the bot application it intend to use.

[LUCKMCFLY]

I am tired of the hype around trading bots. They are so much that you can even tell it will too much work to get it to run effectively. In addition, despite the so called gurus saying that it will run smoothly and that it will not require any technically knowledge, I doubt it. I have followed most these YouTubers to try to use ChatGPT to give me a trading script that works but all to no avail. The best bet is still to keep using the manual human method which is tested and trusted.

I have never used bots, but it is not profitable, in fact, in my personal opinion I believe much more in groups of signals than in a bot, of course this is my criteria because a bot only has programming.

From every point of view, there are people who completely believe in bots, and if they are told that they are AI, even more so, although many traders are very surprised when they are told about AI, an AI is only in beta phase, it is like a baby , I am surprised that there is already an AI and not a quantum computer, I thought I would see a quantum PC first before an AI, this is the pace that the world is taking, for now AIs this is what is most fashionable right now.

[Quidat]

When you heard that term for the first time, you will expect that a "bot" will just simply trade for you and will give you endless profits.  You will think that bots will help you not to lose money.

Well, trading bots really will help you trade as it can execute trades faster than a human does and it does work 24/7 but it doesn't guarantee you to give profits. Trading bots might be helpful for those traders out there while executing their trades on their own, but these bots aren't a bot that will not make you lose money. It isn't 100% profitable and there will be times that you might get lose in your trades. Anyway, trading bots are still very useful for some traders out there.

Yeah, I agree but I think there are truly bots which are pre-defined with a working strategy and all we gotta do is to push that trade button for them to work endlessly. Obviously, there is no way that they can guarantee you a secure profits. That will be an easy life for us people if there's such bots that work that way. The reason why is because the market is changing from time to time.

Sometimes it is bear and sometimes it is in bull so we also need to adjust our bots accordingly depending on the market conditions. If there's one thing that a bot can guarantee then that would be to give you a freedom as they can do most of the trading work for you.

Market do changed up everytime and anytime which means that if you do make use of a bot then you should really be knowledgeable on tweaking those settings and would put up according on the current trend and movement you are dealing with.This is the importance on having a knowledge and not really just putting those bots on work and do nothing.It wouldnt really be resulting to be positive
most of the time because if it does then its true on what you had said that everyone would be doing on bot trading and just let it sit and run and make money on easiest way as possible.
This is why its not really that recommendable for you to heavily rely on it or having those common wrong impressions and beliefs about it.

[naikturun]

the effectiveness of trading bots depends on a variety of factors, including the quality of the trading strategy, the accuracy of the algorithms used to execute trades, and the ability of the bot to adapt to changing market conditions. While some traders have reported success using trading bots, others have experienced losses and other issues.
and i really wondering if bot vs bot which one will lose and which one will win, or there will be no winner.