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Author Topic: Can Trading Bots be trusted.  (Read 3999 times)

Offline LUCKMCFLY

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Re: Can Trading Bots be trusted.
« Reply #90 on: November 07, 2024, 05:50:19 PM »
Trading bots cannot be trusted and we should not let anyone lie to us that it could be, if the use of trading bot had been effective, then obviously everyone of us would have prefer using that to trade and be making money that easy, but things weren't as we have thought of them, we take risk to learn to trade and take some particular trades as well all because we want the opportunity for making money from there.

Yes, I think the same too, plus it is the most confusing thing in the world, I know that many whales operate with bots, but those bots are prepared I imagine to sell after the market reaches a certain level, and I imagine that are staggered sales so as not to lose, it is like several stop losses, although I say that a bot can only be programmed with some technical analysis functions, and not think, since thinking would have to be done with an AI, but not with the AI ??that currently exists, for me it is very necessary for AI to be developed, so that it has the capacity to do intelligent operations and with great support to take care of our money.

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Re: Can Trading Bots be trusted.
« Reply #90 on: November 07, 2024, 05:50:19 PM »

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Offline nakmantu99

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Re: Can Trading Bots be trusted.
« Reply #91 on: November 07, 2024, 06:42:22 PM »
Trading bots cannot be trusted and we should not let anyone lie to us that it could be, if the use of trading bot had been effective, then obviously everyone of us would have prefer using that to trade and be making money that easy, but things weren't as we have thought of them, we take risk to learn to trade and take some particular trades as well all because we want the opportunity for making money from there.

Yes, I think the same too, plus it is the most confusing thing in the world, I know that many whales operate with bots, but those bots are prepared I imagine to sell after the market reaches a certain level, and I imagine that are staggered sales so as not to lose, it is like several stop losses, although I say that a bot can only be programmed with some technical analysis functions, and not think, since thinking would have to be done with an AI, but not with the AI ??that currently exists, for me it is very necessary for AI to be developed, so that it has the capacity to do intelligent operations and with great support to take care of our money.
in trading I do not use bots because I enjoy manual trading and the sensation of price fluctuations in the market. many whales use bots, but I am only a small capital investor for trading.
I always focus on stop loss and no profit, because I do not expect much profit as long as I have reached the target I want I will take profit.

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Re: Can Trading Bots be trusted.
« Reply #91 on: November 07, 2024, 06:42:22 PM »

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Offline dekafee79

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Re: Can Trading Bots be trusted.
« Reply #92 on: November 07, 2024, 11:41:12 PM »
Trading bots cannot be trusted and we should not let anyone lie to us that it could be, if the use of trading bot had been effective, then obviously everyone of us would have prefer using that to trade and be making money that easy, but things weren't as we have thought of them, we take risk to learn to trade and take some particular trades as well all because we want the opportunity for making money from there.

Yes, I think the same too, plus it is the most confusing thing in the world, I know that many whales operate with bots, but those bots are prepared I imagine to sell after the market reaches a certain level, and I imagine that are staggered sales so as not to lose, it is like several stop losses, although I say that a bot can only be programmed with some technical analysis functions, and not think, since thinking would have to be done with an AI, but not with the AI ??that currently exists, for me it is very necessary for AI to be developed, so that it has the capacity to do intelligent operations and with great support to take care of our money.
in trading I do not use bots because I enjoy manual trading and the sensation of price fluctuations in the market. many whales use bots, but I am only a small capital investor for trading.
I always focus on stop loss and no profit, because I do not expect much profit as long as I have reached the target I want I will take profit.
Trading using bots or not depends on our comfort in trading, if you are more comfortable trading manually you can focus more on trading. I also sometimes use bots when trading, but sometimes I prefer to use manual and for me both are good depending on market conditions. Trading always requires experience and always learning to train analysis and skills.

Offline LUCKMCFLY

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Re: Can Trading Bots be trusted.
« Reply #93 on: November 08, 2024, 01:09:48 AM »
Yes Robots can study past market trends and make smart decisions but adding AI makes them even better. AI analyzes data in real time finding patterns and trends that traditional methods miss. However just giving AI real time internet data is not enough it needs careful programming to provide useful information.

I also agree that relying only on bots for trading is not wise decision. Bots have potential but they lack human understanding and subtlety. Combining AI insights with human expertise creates stronger trading plan.
Without a doubt it should be like that,  although I would like to have one of those robots, but only so that before trading it tells me what operation I should take and why? Also to make me the chart of what could possibly happen, but I should give that to me once I have analyzed my market and already have some ideas of how I can Operate , then things can be different in that sense , but letting a robot do the work would not be my style, I know that robots react very quickly, much faster than a Human being , and that is an Imminent Advantage.
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