How reliable are both trading

[L4rs_]

You know in the real matter of OP, for me that trading bot is not profitable, because if that is really profitable then the amount of testified that many have got a big profit there. Think about that, right?

The only one who believes in the trading bot is the novices that are lazy to learn the trading and rely on the bots of their earnings, something that is the wrong way of their approach.

rip you got me

[Dzwaafu11]

What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

You can’t know the type of strategy bots used until you study the bots very well; that is, even if you want to use bots to trade, you need to have knowledge of trading too, because a bot can’t be on the positive side of the markets all the time. Also, a bot can make you lazy as well; in fact, trading using bots is not advisable; it will not help the trader in the long run. Seriously, I won’t advise anybody to use a bot to trade; rather, learn and trade on your own; it will be better. 

You know in the real matter of OP, for me that trading bot is not profitable, because if that is really profitable then the amount of testified that many have got a big profit there. Think about that, right?

The only one who believes in the trading bot is the novices that are lazy to learn the trading and rely on the bots of their earnings, something that is the wrong way of their approach.

You are right. It is only newbie traders who believe in bots because they find it very easy in their journey since it analyses and does everything for them in a very easy way. They don’t care to learn how to trade by themselves; moreover, you are right. I have never seen any trader who used a bot for a long time or even a short time and was successful. Before all the traders I see do it with the knowledge they have. 

[Zaguru12]

The bots make use of technical analyses like overbought and oversold market, trends, support and resistance and some other ones. But what of fundamental analyses? I do not think the bots make use of such. Also technical analyses may not be accurate which makes the bots not accurate.

It is simply as you have said it, they use one of the listed above strategy most of which I have seen use the bollinga band, MACD and the rest. This are all written and fixed scripts that once the market changes direction they simply can follow up the changes. They use limited Technical analysis and do not use fundamental analysis nor use sentimental. So I don’t get where OP sees this bot trading as profitable because it is not for most of its users

[Faisal2202]

In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

I also wish there would be a trading bot which will pick the token by itself and out of all the trading strategy in the world using AI, pick one and read charts by itself using all the previous data with it's high frequency power computations and make a good support and resistance for me like if I want to trade in short term then give me LTF trades otherwise it depends. But unfortunately, there is no such trading bot that I am aware of.

There are few which ask the the risk and reward ratio and which basket of tokens to trade in like, this basket will comprise of few tokens only like BTC, ETH, LTC etc. This trading is not good that's why I don't go after trading via bots but I have seen many analysists use AI trading bots they have huge capital and a slight price increase can make them few hundred dollars so they take quick trades and book profit even loss to make a good profit at the end of the day.

[Hamza2424]

In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

In my opinion, Bot trading is not a bad option for those who trade in the consolidating market, for the bear market and Bull market bots are not that efficient it is because of my first experience with Bots back in few months ago.

I also wish there would be a trading bot which will pick the token by itself and out of all the trading strategy in the world using AI, pick one and read charts by itself using all the previous data with it's high frequency power computations and make a good support and resistance for me like if I want to trade in short term then give me LTF trades otherwise it depends. But unfortunately, there is no such trading bot that I am aware of.

Now if you think that AI and Bots hybrid is gonna change the game for you this is not gonna work if we consider a tremendous increase in the bot based trading we'll see that the data of our trading bots under the radar of Whales is gonna be used for manipulation where whales are gonna hit us hard so Trade by yourself haha, You can take assistance in analysis but trading triggers should be in your control.

[shinratensei_]

so many exchanges already provide trading bot, with its own analysis on the price action, and most of them only have win rate of 55% - 60%, which means, it's still kinda 50:50 on whether you make money or not, the end result maybe will yield 30% APR at best . these bot aren't magic though, most of them just doing price action analysis, so the win rate does make sense knowing that TA or price action analysis in general just increase the probability of you making profit but doesn't guarantee anything at all, market deviates all the time after all.

so in a nutshell, they aren't that good, but you can always try them out on some big reputable exchanges.

[OsaiEmma]

The best is to learn about trading and trade yourself.

I think this is a good idea, but trading itself is way too risky u know, but here we need compare which risk is more, human trading or bot trading, maybe I'll do some tests on this.

Now if you think that AI and Bots hybrid is gonna change the game for you this is not gonna work if we consider a tremendous increase in the bot based trading we'll see that the data of our trading bots under the radar of Whales is gonna be used for manipulation where whales are gonna hit us hard so Trade by yourself haha.

 I think in any case, there will always be Whale manipulations.

I also wish there would be a trading bot which will pick the token by itself and out of all the trading strategy in the world using AI, pick one and read charts by itself using all the previous data with it's high frequency power computations and make a good support and resistance for me like if I want to trade in short term then give me LTF trades otherwise it depends. But unfortunately, there is no such trading bot that I am aware of.

Actually, there are AI trading bots that does self analysis and execute them, the issue is, can we trust the strategy they adopt in a long term basis?

[TheUltraElite]

A bot will only automate you trades, provided it is a legit one.

A scam bot will steal your money and you will not be able to recover money that has been sent on crypto blockchains.

Now consider the bot being legit, if you think that using a bot gives you an edge over another trader who is not using a bot, then you are mistaken. A bot will run the algorithm that you set it in. It will not always be 100% accurate, in fact it can never be.

Understand these things properly before you buy a bot.

[Cookdata]

In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

No matter how smart algorithm looks in crypto space, it can't know exactly how the human think straight, even human doesn't know what his fellow man is gong to do next, who knew Elected Donald Trump was going to be elected as the winner of the last election, this action alone made Bitcoin to click $100k, such things can't be known by algorithm atleast for now, this is why it's difficult for bot to be perfect in trading, the real ones can only play around wig the basic trading nature.

I'm not sure if there is a way where paper trading or demo trading can be incorporated with bot, so you can actually test it for a year, especially in the bull run whether it's profitable or not, that alone will tell you if it's worth it or not. This is not a recommendation but I have seen kucoin do a lot of marketing with these trading bots alot, maybe you should try out, don't forget it's not a recommendation.

[stomachgrowls]

A bot will only automate you trades, provided it is a legit one.

A scam bot will steal your money and you will not be able to recover money that has been sent on crypto blockchains.

Now consider the bot being legit, if you think that using a bot gives you an edge over another trader who is not using a bot, then you are mistaken. A bot will run the algorithm that you set it in. It will not always be 100% accurate, in fact it can never be.

Understand these things properly before you buy a bot.

And this is something that you should really be watching out, not unless if you do make use of bots that are available internally on most platforms. Downloading randomly on different sources or external ones on which you are really that in risks on downloading a virus or malware on which this one will causes up for you to lose money due to some wallet infecting on which this is really that very common and if you are really that believing that trading bots could make you sure money then better think twice. You will definitely be needing up that kind of realization on which you will be needing to at least know on what are the realistic things that we do really need up to consider. Better to make yourself having this kind of mindset rather than on being that delusional because using up trading bots are really just that indeed for the sake of automation of trading on which this is that useful if you do really know on what you are really that dealing into.

Reliable? You cant say but this will come in handy specially if you are someone who isnt that always in front of your PC or someone whose really that active in transit then you will definitely be having that kind of need when it comes to automation. You will be finding out its relevance on the moment that  you will be having this kind of situation on which automation of trades will really be that important. It all matters if you do really know on what you are doing and making up those set ups for trading bots.

[origkz]

Hi!

You’ve raised some interesting questions about trading bots. It’s true that in recent years, more and more platforms have started offering trading bots, sometimes even for free. However, as you mentioned, their effectiveness largely depends on the strategy and settings.

The main issue is that bots alone don’t solve the complexities of trading. If someone doesn’t understand how the market works or lacks a reliable strategy, the bot is more likely to generate losses than profits. Developing a good strategy, on the other hand, requires significant knowledge and experience.

[L4rs_]

I personally use like these Bybit Bots and except 1 liquidation they working fine with nice profit I prefer them over manual trading actually

The aim is to make you become more lazy and yeah you seem to be defeated already.

Of course, bot will reduce your workload but you aware they are being built by human and malfunction at times. Handling over your trade to bot to carries out means you are giving your financial decisions to a second person to decide for you while you be the one to bear the risk. Does that sound cool to you?

Trading deals with psychology, you have to prove you are man enough to handle it. You can not make use of that tittle "trader" if you use bot to trade. You are not just a trader by executing the order, analysis make you become one and you can not runaway from it and still be called a trader.

I don't know got liquidated from a position that was already so much in profit but if instead I had the bot it wouldn't like be all-in all the time but buying some dips and selling some hows while still maintaining a leverage position if you set it up on LONG. Not everyone is 10 years experience pro trader + the bot is like performing well for now in what its doing ofc market can crash and is volatile and unpredictable and whatever but every trader thinks anyways he can foresee future

[Hamza2424]

Hi!

You’ve raised some interesting questions about trading bots. It’s true that in recent years, more and more platforms have started offering trading bots, sometimes even for free. However, as you mentioned, their effectiveness largely depends on the strategy and settings.

Haha.. Honestly!

If you ask about this I don't consider this an interesting topic from any angle. I just find it worth discussing and natural and this is not the first time we are talking about this topic even there was a time I was fed up with those topics but now I think this is the time to discuss it in more detail as people are little much confused with technology and its strategic use.

I would love to learn and I would love to experience with all of you.

[Strongkored]

In conclusion, I think trading bots are risky.
What are your opinions and solutions

Bots in trading are only to make it more automatic, not to increase the win rate or reduce the risk because everything must be set according to the trader's wishes and the bot will execute even if the trader is not online. If there is a bot that offers a certain percentage of profit, it is definitely a scam and the only solution is never to trust and use it because that is not how bots are used in trading.

[jaberwock]

so many exchanges already provide trading bot, with its own analysis on the price action, and most of them only have win rate of 55% - 60%, which means, it's still kinda 50:50 on whether you make money or not, the end result maybe will yield 30% APR at best .

It's nice to know that they are making the life of the people more easier. I won't say 'only' 55 to 60 percent because I think those are decent already. It is different from 50 over 50 winning chance. But even 50/50 itself is still fair than below 50. Though at the end of the day, if we are unlucky, we still can lose no matter what.

so in a nutshell, they aren't that good, but you can always try them out on some big reputable exchanges.

Have you tried them out already? But maybe some can perform more manually and then there might still be some that have a weak skill, so they might do better with the help of these trading bots. Indeed that it is also important to choose a big and reputable exchanges because if not, any good bots are still going to be useless if at the end we still can't withdraw our money.

[OsaiEmma]

No matter how smart algorithm looks in crypto space, it can't know exactly how the human think straight, even human doesn't know what his fellow man is gong to do next, who knew Elected Donald Trump was going to be elected as the winner of the last election, this action alone made Bitcoin to click $100k, such things can't be known by algorithm atleast for now, this is why it's difficult for bot to be perfect in trading, the real ones can only play around wig the basic trading nature.

I'm not sure if there is a way where paper trading or demo trading can be incorporated with bot, so you can actually test it for a year, especially in the bull run whether it's profitable or not, that alone will tell you if it's worth it or not. This is not a recommendation but I have seen kucoin do a lot of marketing with these trading bots alot, maybe you should try out, don't forget it's not a recommendation.

You've said it your self that we too can't tell what the next person is thinking, now I think the biggest flaw, the most reason why traders are less successful even with proven strategies is emotions, with the advancement in technology and AI, I think a strategy can be programmed, both TA, FA, and sentimental analysis can be implemented and programmed into AI bot so as to influence their decision, these analysis what are they, they are simply data, and that's exactly what these AI technology uses, so I think there is a way to make bots trade even better than the so called  'professional traders' cause of the emotional factor there.

I don't know got liquidated from a position that was already so much in profit but if instead I had the bot it wouldn't like be all-in all the time but buying some dips and selling some hows while still maintaining a leverage position if you set it up on LONG. Not everyone is 10 years experience pro trader + the bot is like performing well for now in what its doing ofc market can crash and is volatile and unpredictable and whatever but every trader thinks anyways he can foresee future

I'm sorry about the liquidation, but we have SL and TP to automate trades too, you can even set pending orders, I think every broker, CEX and trading platforms have these.

Hi!

You’ve raised some interesting questions about trading bots. It’s true that in recent years, more and more platforms have started offering trading bots, sometimes even for free. However, as you mentioned, their effectiveness largely depends on the strategy and settings.

The main issue is that bots alone don’t solve the complexities of trading. If someone doesn’t understand how the market works or lacks a reliable strategy, the bot is more likely to generate losses than profits. Developing a good strategy, on the other hand, requires significant knowledge and experience.

Thank you for this, but I think maybe for now trading bots might be useless but in the future as there will be more innovations and technological advancement, better and more precise AI driven trading bots will be designed although there are few already in the pipeline

[Mpamaegbu]

The main advantage of trading bots is that you don't need to be online 24/7 to monitor and execute trades, you can set up the bot, program it and go on with your life, so instead of trading being a full-time job you can consider it a part-time job.

Truth is that I've yet to see anyone who's very much profitable at trading who takes it as a part-time thing, and then have a 9-5 hustle by the side. Nah! Trading is oil well, frankly speaking (well, writing here). What does a full-time job gets one that trading at one's convenience and from the confines of one's home sitting or lying on a bed, chair, table or even toilet seat can't do? I know those doing it as part-time aren't that profitable yet to a point they can depend on it to carter to their bills. Once they get to that point, they will make trading full-time. Except the job is an online job, which is almost the same thing trading gives, doing a 9-5 isn't worth it while trading.

[CroverNo01]

Truth is that I've yet to see anyone who's very much profitable at trading who takes it as a part-time thing, and then have a 9-5 hustle by the side. Nah! Trading is oil well, frankly speaking (well, writing here). What does a full-time job gets one that trading at one's convenience and from the confines of one's home sitting or lying on a bed, chair, table or even toilet seat can't do? I know those doing it as part-time aren't that profitable yet to a point they can depend on it to carter to their bills. Once they get to that point, they will make trading full-time. Except the job is an online job, which is almost the same thing trading gives, doing a 9-5 isn't worth it while trading.

Who's busy with his or her time this present day? There's enough reason why we should dwell on our strategy to generate profits on our ends. We trade and become furious when we're eating really good in the market. The reliability of trading depends on the existing strategy in placed for us. I can assure none of us will be more than happy to milk the market heavily, that's the goal and why we're in the system. An online trading is preferable and important because it stipulates our motives towards earning handsomely.

The market will not give us what we intend to have. Everyone have hope of becoming a profitable trade in the nearest future, while some of us are already living in this dream currently. They made good choices when they decided to trade with the market and follow instantly every dashing angle.

[Alone055]

Who's busy with his or her time this present day? There's enough reason why we should dwell on our strategy to generate profits on our ends. We trade and become furious when we're eating really good in the market. The reliability of trading depends on the existing strategy in placed for us. I can assure none of us will be more than happy to milk the market heavily, that's the goal and why we're in the system. An online trading is preferable and important because it stipulates our motives towards earning handsomely.

The market will not give us what we intend to have. Everyone have hope of becoming a profitable trade in the nearest future, while some of us are already living in this dream currently. They made good choices when they decided to trade with the market and follow instantly every dashing angle.

Man, none of what you said made any sense to me.  Can you explain what you are trying to say here?

"We become furious when we're eating really good in the market."  What do you mean by that?

Trading is not as easy as some of you guys make it sound. You need to understand that even newbies read your posts, and they shouldn't get misguided with what they read here because many people consider this place an ideal atmosphere for them to learn and grow, and we shouldn't be feeding them useless information or falsified facts.

Just make it simple; say that trading requires extensive knowledge and experience, and it's not only about learning a strategy from YouTube and following each and every step from that video in the hope of getting profits. The market changes in split seconds, and tutorials can't make us make profit, and newbies need to understand this, and we need to tell them this instead of making them dream by saying fabricated things.

[Bushdark]

What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions

You can’t know the type of strategy bots used until you study the bots very well; that is, even if you want to use bots to trade, you need to have knowledge of trading too, because a bot can’t be on the positive side of the markets all the time. Also, a bot can make you lazy as well; in fact, trading using bots is not advisable; it will not help the trader in the long run. Seriously, I won’t advise anybody to use a bot to trade; rather, learn and trade on your own; it will be better. 

You know in the real matter of OP, for me that trading bot is not profitable, because if that is really profitable then the amount of testified that many have got a big profit there. Think about that, right?

The only one who believes in the trading bot is the novices that are lazy to learn the trading and rely on the bots of their earnings, something that is the wrong way of their approach.

You are right. It is only newbie traders who believe in bots because they find it very easy in their journey since it analyses and does everything for them in a very easy way. They don’t care to learn how to trade by themselves; moreover, you are right. I have never seen any trader who used a bot for a long time or even a short time and was successful. Before all the traders I see do it with the knowledge they have. 

I can see that many newbies are not even interested in learning about the market and all they care about is ways to make quick bucks in the market. Things do not work like that always. It is quite better when you have learned and now you want to practice what you have gained from trading. Bit trading is not that accurate that's why we need to know what we are doing so we don't end up in huge loses we can not afford to loss. Bitcoin is not that profitable which is why we need to keep learning and analyzing the crypto market for a better opportunity to buy and trade.