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Author Topic: Trading Bots - are they worth buying?  (Read 1753 times)

cryptothief

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Trading Bots - are they worth buying?
« on: February 27, 2018, 04:04:53 am »
I've been looking at trading bots and debating whether to invest in one. What would be the minimum amount I should start off trading to make it worthwhile, as they all seem to cost at least a few hundred dollars? Does anyone use any that they would recommend? Or would it be better to get involved with a trading pool or a signals channel?

I am inclined to think that it is better to concentrate on manual trading and continue doing research for the foreseeable future, but just wondered if anyone had any success using bots.
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Trading Bots - are they worth buying?
« on: February 27, 2018, 04:04:53 am »


Niteroy

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Re: Trading Bots - are they worth buying?
« Reply #1 on: April 13, 2018, 09:11:39 pm »
I also interesting to know about the bots for trade in stock Exchange. because I heard that some lost their money because of these bots.
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Re: Trading Bots - are they worth buying?
« Reply #1 on: April 13, 2018, 09:11:39 pm »

acmakc12

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Re: Trading Bots - are they worth buying?
« Reply #2 on: May 16, 2018, 05:56:43 pm »
I think nothing will be better than you brain, a bot has some kind of algorithm that may not always be accurate..

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altcoingamer

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Re: Trading Bots - are they worth buying?
« Reply #3 on: May 22, 2018, 07:59:43 am »
They definitely can be but not all bots are the same.. many whales have very expensive trading bots that push down markets to take advantage of the swings.. but these won't be ones you're gonna get at a low cost.  Your best bet is to be a programmer, unfortunately. , since will you likely have to know how to do tweaks to the things you aren't really happy with.
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icol333

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Re: Trading Bots - are they worth buying?
« Reply #4 on: May 24, 2018, 10:32:04 am »
I'm not that sure if bots can overcome the traders' experience until now. But hey, if you can make it simple so why not?

But nah, I'm gonna stick with the old-school move  ;D

altcoingamer

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Re: Trading Bots - are they worth buying?
« Reply #5 on: May 31, 2018, 10:56:41 am »
I'm not that sure if bots can overcome the traders' experience until now. But hey, if you can make it simple so why not?

But nah, I'm gonna stick with the old-school move  ;D

It depends on your holdings and the sophistication of the bots.. All these bart patterns you see in btc right now is just algo bots pushing up and down price when opportunistic.  The bots also seem to be emulating behavior that does the exact opposite of what most traders are looking to happen, so using our own human emotion bias against us.  I'm still doing okay position trading, but I think day trading humans can get absolutely rekt even with experience against the high frequency trading bots.
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icol333

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Re: Trading Bots - are they worth buying?
« Reply #6 on: June 01, 2018, 06:37:40 am »
I'm not that sure if bots can overcome the traders' experience until now. But hey, if you can make it simple so why not?

But nah, I'm gonna stick with the old-school move  ;D

It depends on your holdings and the sophistication of the bots.. All these bart patterns you see in btc right now is just algo bots pushing up and down price when opportunistic.  The bots also seem to be emulating behavior that does the exact opposite of what most traders are looking to happen, so using our own human emotion bias against us.  I'm still doing okay position trading, but I think day trading humans can get absolutely rekt even with experience against the high frequency trading bots.

Well then, now I've just found out the plus reasons for using the bots. But yet, that still depends on the bots we need to choose, hmm.

 

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