Trading with bots

[shawonngp]

I would not like to follow bot trading, some of my friends tried in the several top exchanges, but they said it's high risk and they lost in bot trading. Because if bot is implemented by programing code so it will not be work properly in the right time. You should learn trading, now so many ways to learn trade if you search on youtube, so many video tutorials you find.

[1714621887]

1714621887

[1714621887]

1714621887

[stomachgrowls]

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

Dont know on what you do mean on london time or specific time of the day on which we know that there's no way that it could really be affected something like this considering that there's no opening and closing of this market or simply being that 24/7. When speaking about bots then there are tons of tutorials on which you could see on Youtube on different platforms on which you do set up order limits basing up on what are the positions that you do really want for it to execute. Its not really that hard to understand even if you arent that too techy or really not that into technical stuffs on which we know that it isnt really that something that you could really be able to get a grasps on if you are really that serious on learning it. Bot trading is really that convenient i should say but its not recommended for you to make use if you dont really know on how to use it on the first place.

It does really give out that convenience and on point execution of orders basing up on the command that you have set. Not all would really be preferred on using it though but if you are that someone
who isnt really that facing that computer all day long then this tool would really be that best for you to make use. You would really be able to notice for yourself about its relevance
into your trading career or path on which it is something that useful basing up on the condition that you are into.

[KingsDen]

Well, I don't recommend the usage of trading bots. I don't know that most trading bots that are being offered in social media or on any platform are all faulty. What I mean is they can't trade efficiently. A trading bot is programmed to trade according to the data they have, and we know the volatility of one currency is unpredictable. That's why I don't think that a trading bot can process all that's happening in the market. I don't know why many beginners in trading would rely on a trading bot. Don't you want to grow and learn how to trade efficiently on your own? Maybe it's just for you to earn, and it's not easy to learn how to trade profitablely, but it's rewarding to spend time and effort to become a good trader and a profitable trader. You can do copy trade for a while if you really need money or profit from their trade and get some tips and ways of doing it.

I have had an experience of trading bots, but not actually in the cryptocurrency industry rather in the forex trade. My experience of the trading bot was very horrible and unforgettable. I wish I never knew what trading bots was about, but my personal experience might not actually be the universal experience of what these bots are all about. As a beginner the use of bots in the forex trading had the following effects on me;

• It made me lose a huge amount of money that I could not afford to lose
• It made me develop phobia for trading
• It made me not to understand the basics or fundamentals of trading 
• It somewhat made me to fall out of love with automation 

I see bots as tools to use within a short period of time for a continuous trade that have to be monitored and not necessarily for continuous trading without a human intervention. When you want to stay off the screen for a short period of time just as used stop loss and take profits works.

[Natsuu]

Well, I don't recommend the usage of trading bots. I don't know that most trading bots that are being offered in social media or on any platform are all faulty. What I mean is they can't trade efficiently. A trading bot is programmed to trade according to the data they have, and we know the volatility of one currency is unpredictable. That's why I don't think that a trading bot can process all that's happening in the market. I don't know why many beginners in trading would rely on a trading bot. Don't you want to grow and learn how to trade efficiently on your own? Maybe it's just for you to earn, and it's not easy to learn how to trade profitablely, but it's rewarding to spend time and effort to become a good trader and a profitable trader. You can do copy trade for a while if you really need money or profit from their trade and get some tips and ways of doing it.

I dont prefer it either. Trading bots can be sketchy and markets are wild. Learning to trade on your own is a journey, takes effort but can be rewarding. Copy trading is an option if you need quick gains and tips from others. Just remember, it's all about finding what works for you

[carlisle1]

Well, I don't recommend the usage of trading bots. I don't know that most trading bots that are being offered in social media or on any platform are all faulty. What I mean is they can't trade efficiently. A trading bot is programmed to trade according to the data they have, and we know the volatility of one currency is unpredictable. That's why I don't think that a trading bot can process all that's happening in the market. I don't know why many beginners in trading would rely on a trading bot. Don't you want to grow and learn how to trade efficiently on your own? Maybe it's just for you to earn, and it's not easy to learn how to trade profitablely, but it's rewarding to spend time and effort to become a good trader and a profitable trader. You can do copy trade for a while if you really need money or profit from their trade and get some tips and ways of doing it.

I dont prefer it either. Trading bots can be sketchy and markets are wild. Learning to trade on your own is a journey, takes effort but can be rewarding. Copy trading is an option if you need quick gains and tips from others. Just remember, it's all about finding what works for you

Your last statement is the best thing that you needed to do when dealing in this kind of market, find something that fits your attitude from this
business, trading bot may help as it can be setup while you are sleeping and continue doing the trade.

But the catch is you also needed to know and understand how the market may behave in the next hour or day after you setup your bot.

As long as you know what you are doing you may enjoy the service of trading bot, learning how it works may take time you need to keep
doing your research and study to understand it well.

[R100K-Martin-Lunger]

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

A single rejection candle, even across multiple coins, could be noise or a shift in momentum. It's crucial to avoid overreacting. I would consider larger timeframe trends and confirmations before trading decisions. I also suggest using the hourly chart along with the 1-minute chart for trading decisions instead of just scalping on that one scale. Of course, scalping itself is pretty risky on principle.
Bot prevalence in altcoins is likely, highlighting the need for an excellent strategy. Automation can be helpful, but thorough research and understanding of different bot types and their limitations are crucial before diving in. Check out reputable resources and consider paper trading first.
I would recommend trying a rebalancing bot. A point to take into consideration is that while bots can do most of the work, I would not recommend leaving it entirely up to the bots. Human supervision is integral especially for the market right now. And if you don’t have the experience, I would recommend investing in funds for you in the market.
Remember, successful scalping relies on discipline, risk management, and avoiding impulsive decisions based on single signals.
If you have any questions you can contact me via my Discord: https://discord.gg/dCvaBZWNcG

[Games.Bitcoin]

I would say never trade with bots. You will not receive any accounting of your investment. If you use bots with information from various social media, you will lose your capital. First learn to trade well then trade by yourself. That would be the best.

[DVlog]

The only bot i have used till now is a grid trading bot and i got an amazing result. I have developed a simple strategy to use this grid trading bot to make a profit, which worked well. I have used it only a few times so the strategy is not that battle-tested right now so I don't want to share how i am doing it. There are other useful bots like trailing stop loss and DCA bots that can be very useful if you know how to use these bots correctly. Be a master with one bot and you don't need to watch the market all the day to find a perfect entry.

[carlfebz2]

I would say never trade with bots. You will not receive any accounting of your investment. If you use bots with information from various social media, you will lose your capital. First learn to trade well then trade by yourself. That would be the best.

You should really be at least on how bots do work rather than on making up some conclusions on which it isnt really that right on some point on which bots are that really that useful?
You would really be able to see its relevance on the time that you would really be going out or not in front of your PC. It do really just that matters on how knowledgeable you are on making use of those bots.
You could really be able to utilize its main functions and purpose on which it does bring up that huge convenience specially into a trader who arent that always in front of his PC
but of course you would really be needing to adjust accordingly if ever there are sudden market event which could changed up the trend on point.

Yes, we cant really be able to fully rely on it but its not something useless that you are trying out to elaborate on here. It is really just that there are those people who are really that
having those impressions and insights on which because of lacking knowledge it turns out that their reasoning is shit.

[cute nmp]

Still yet to trade with bots ,Will try and use one of the trading bots on kucoin these year to see whether it will be very profitable or not .I am also going to use the spot trading Grid  cause according to my research it is more profitable and contain less risk than the futures Grid . Will also give my Feedback here after i have used it .

[GeorgeJohn]

What I have to say concerning this and the Mostly trading with a bot application is something that is not advisable from my own perspective because whenever you try do it a boat you may likely not to have the profit that you needed when you are trading with manual so that is the difference but people does not know that both application does not necessary give a profit it is better someone to use a mammal to thread than trading with bot application

[Yaunfitda]

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

Not to burst the bubble for you, but there could be advantage of using bots. As far as I can remember, there is one bot trading program like 🔥🔥🔥🔥🔥[GUNBOT] Trading Bot with 136 exchanges available!!!🔥🔥🔥🔥🔥.

Of course one big advantage is that you can automate all your trading using bot. But there are learning curve in the beginning, and it might take sometime for you to learn it. And yeah, in my opinion, majority of traders are using whatever bot they have in their arsenal. You might want to revisit the following threads,

• Are trading bots worth using in the cryptocurrency trading?
• Trading bots... do they work?
• Profitability of Trading Bots

[wtsimis]

I would advise any trader not to use trading bots. Because trading bots are programmed in a specific program. Which I think can't really do market analysis. You can lose your assets at any time with trading bots. So research the market give plenty of time and become a real trader. So that you don't need third party like bot as your partner.

[merekamo]

Trading bots can do the work even while you sleep but remember, for me bot not perfect and easy to make money using it. For trading, I do not recommend 100% control using bots, but the execution decision is still in our hands. But, use bots to view market analysis only, this makes more sense. You can lose money if the market gets too wild. Sometimes they can stop working due to tech problems. Plus, strategies that worked in testing might not work out in real trades. So, always run your bot with small budget and full you control.

[Bitcoin_people]

Everything is fine but there are many types of errors that you can suffer when you do bot trading. I don't recommend bot trading but trade with your skills and experience it will definitely make you wiser. When you do bot trading it will totally depend on others and you will be given profit accordingly, that's why such bot trading is recommended in various social media but people who are wise avoid such mistakes. Although trading in altcoins is risky but when you do bot trading it will give you a certain amount of profit but you will not get good skills from here. If you want to trade with experience and skill then definitely try on your own start with small amount gradually you will become a good trader. If you need a lot of money then you can do copy trading just for profit, but if you plan to do long term trading then definitely do your skills it can bring you success in future.

[God bless u]

If you are new then I would never recommend you to start bot trading. Because currently only the new trader is facing the biggest losses.

Binance bot trading is possible If you want to do bot trading then you must see here.

Link: https://bitcointalk.org/index.php?topic=5480852.msg63463933#msg63463933

Can a bot of trading be done by a common man? because as far as I am concerned board trading is only done by big companies because they have a lot of budgets and it's in the millions.

Dollars are invested for benefits and another thing is that the bot trading they put up, if they invest millions of dollars in what is The token is too high, i.e., suddenly dip from top, which results in a lot of profit and loss for those who are stuck in the middle.

[Webetcoins]

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

I will not recommend you to use any type of trading bot. and since you are also new to trading bots it would be much more risky for you.  In case you want to learn about how it works. I will recommend you to watch some videos on YouTube. There are a lot of tutorials there. You will have also a visualization there. You can also choose the tutorial in your local language if you prefer it more than English.

Just like in trading, there are also types of trading bots. @lombok provided an explanation about it. Despite of it, all of them must have one function and that is to help us automate our trades. There may be lots of trading bots which are also created by a third part and indeed that we won't just use any of them because some of them might be shady.

It's important to be knowledgeable about these trading bots first, so that we will know if what suits us the most. YouTube may be a good way to learn since it's video-based, but I heard many videos there are misleading. We still have our forum here which can offer a better lesson to those newbies in crypto/trading.

[lombok]

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

I will not recommend you to use any type of trading bot. and since you are also new to trading bots it would be much more risky for you.  In case you want to learn about how it works. I will recommend you to watch some videos on YouTube. There are a lot of tutorials there. You will have also a visualization there. You can also choose the tutorial in your local language if you prefer it more than English.

Just like in trading, there are also types of trading bots. @lombok provided an explanation about it. Despite of it, all of them must have one function and that is to help us automate our trades. There may be lots of trading bots which are also created by a third part and indeed that we won't just use any of them because some of them might be shady.

It's important to be knowledgeable about these trading bots first, so that we will know if what suits us the most. YouTube may be a good way to learn since it's video-based, but I heard many videos there are misleading. We still have our forum here which can offer a better lesson to those newbies in crypto/trading.

I agree with this, before using it we should understand and know what a bot is, how to use it and what time or conditions are good for maximizing trading bots. Keep in mind that trading bots are not always fun, setting errors before the bot runs will affect trading profits and losses. Therefore, we need to find out what kind of bot settings are suitable for current market conditions. Technical and fundamental analysis is also needed here, to determine a trend which plays a very important role in setting up the bot before running.

[Dzwaafu11]

My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

If you are a newcomer, don’t think of trading with a bot. Since you clearly said that you need guidance to learn how to trade with a bot, don’t you think that learning trading automatically, even if you will use a bot, should happen later after you have already learned about trading skills, fundamentals, and technical analysis? Then you start thinking of using a bot, even if you will use it, because even the professionals, I can't advise any of them to use a bot because it is not favoring traders. It makes traders lazy. They don't get any updates in the market because they  have already gotten used to the bot that does anything for them.

Furthermore, even with the knowledge of trading, you still need to learn how to use the trading bot because you need to set it up in a way that it will favour you. However, don’t think that if you are using the bot, you won’t lose because losing in trading is a natural thing that happens to traders regardless of how expert you are in the game. Therefore, you have a lot to do in your journey. Don’t forget to invest the amount you can afford to lose.

I would advise any trader not to use trading bots. Because trading bots are programmed in a specific program. Which I think can't really do market analysis. You can lose your assets at any time with trading bots. So research the market give plenty of time and become a real trader. So that you don't need third party like bot as your partner.

Yeah, bots don’t help; they have a set for a specific thing, and once they have done what they were programmed to do, there’s nothing they will do for the trader again; they won’t be able to manage the risk in the market, and a lot more, when someone trades on their own, it will be easier for the trader to do so automatically. So when someone does it on their own, I think it makes more sense and generates profit.

[Hypnosis00]

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

Don't use bots, that is the best thing to do as they never give you the benefits you expect instead, they only give you a terrible trading experience.
Better help yourself grow and understand real trading by relying on your capabilities and skills. Many traders have tried using bots and have the same experience you have gotten.

I can't say it was the feature of the bots but also personal experience and inputs are a big factor affecting the performance of the said technology. But if we want to reach our goal and gain success, we have to do it alone by simply trusting ourselves and using effective strategies.