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Author Topic: Best trading bot available?  (Read 147 times)
Abiky
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February 08, 2019, 12:08:00 AM
 #1

I've been considering automating my cryptocurrency trades, since it's very time consuming to keep watch at market prices and buy/sell at the right time. Searching across the web, I've found a few trading bots which are quite promising in features. However, I'm not sure which one's the best (or the most efficient) among them all.

As such, I would appreciate if someone could guide me into picking the right trading bot with the most exchange support. I mostly trade on centralized exchanges, although decentralized exchanges are good too. AFAIK, I haven't seen a trading bot for decentralized exchanges such as Bitshares/OpenLedger, CryptoBridge, or even EtherDelta.

Any suggestions? Huh


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February 08, 2019, 03:34:24 AM
 #2

I personally haven't tried it, as I only do mid-long term trading, but I've heard good things about GunBot[1].

About being the "best" and talking about efficiency, I think it depends more of how you customize the bot rather than the bot itself.

Again, I haven't personally tried it, so don't take my word for it. Tongue


[1] http://gunthy.org/

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February 08, 2019, 03:43:52 AM
 #3

I guess its the Gunbot that is good in terms of support. Gunthar is very active in this forum and gives update from time to time. There are also other members in this forum who can give a good feedback about the Gunbot based on their experience in using the bot. Look at this list of Bots, some of those in the list is not actually a bot but it may help you look at other options http://investingpr.com/bitcoin-trading-bot/



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elda34b
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February 08, 2019, 04:50:38 AM
 #4


It's funny that Bitconnect is listed as a trading bot here.

I've used Zenbot and Gekko in the past. IIRC they support major exchanges, maybe around 10 of them. Not sure how many exchanges they support by now, but it's worth a try because they're open source and free. As for DEX, I'm not sure having a bot is a good thing because you might expose your private key.

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February 09, 2019, 05:00:07 AM
 #5

I do not recommend trading using BOT,
okay I don't blame if some people believe using bots, but for those who haven't used it don't try it, because the risk is greater than getting profit,
and being a trader doesn't have to be always in front of the computer watching the market.
we can do traders with once a week, and put an alarm on our assets.
quite easy actually.
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February 09, 2019, 05:41:22 AM
 #6

and being a trader doesn't have to be always in front of the computer watching the market.

Most people use bot because they don't want to stay 24/7 in front of the computer. I mostly agree that using bot is not the best choice, but that's because sometimes algorithm/TA doesn't work. If you understand the algorithm and know how to set it up, using a bot is probably a better choice than spending your time in front of the computer.

Swing trading, which is what you describe here is not bad, but for people who prefer day trading, using a bot is still a great option.

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February 09, 2019, 06:38:47 AM
 #7

I've been considering automating my cryptocurrency trades, since it's very time consuming to keep watch at market prices and buy/sell at the right time. Searching across the web, I've found a few trading bots which are quite promising in features. However, I'm not sure which one's the best (or the most efficient) among them all.

As such, I would appreciate if someone could guide me into picking the right trading bot with the most exchange support. I mostly trade on centralized exchanges, although decentralized exchanges are good too. AFAIK, I haven't seen a trading bot for decentralized exchanges such as Bitshares/OpenLedger, CryptoBridge, or even EtherDelta.

Any suggestions? Huh

I try many bot and the result is same, good at start and bad in end. Not all bot like my experience but I never see perfect bot because the reality is about money management, you can control it you win. Try to read bot guide carefully and find members opinion about the bot, the answer is my experience.

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February 09, 2019, 08:20:07 AM
 #8

I've been considering automating my cryptocurrency trades, since it's very time consuming to keep watch at market prices and buy/sell at the right time. Searching across the web, I've found a few trading bots which are quite promising in features. However, I'm not sure which one's the best (or the most efficient) among them all.

As such, I would appreciate if someone could guide me into picking the right trading bot with the most exchange support. I mostly trade on centralized exchanges, although decentralized exchanges are good too. AFAIK, I haven't seen a trading bot for decentralized exchanges such as Bitshares/OpenLedger, CryptoBridge, or even EtherDelta.

Any suggestions? Huh

I recommend that you do not use a bot if you want to make an intimate recommendation because the use of a high percentage of bot will always return you as a negative result. Especially, I think that the risk that will be provided to you will not meet the return if you think of various reasons such as incorrect bot operations, hacking events and theft of accounts. Of course it is your decision, but I found it more appropriate to make an intimate suggestion instead of making a recommendation in my message.

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February 09, 2019, 10:30:08 AM
 #9

Personally I had some bad experience using trading bots that's why this is a red flag for me. So I just do mid to long term trading to cover up my previous losses with bot.

Likewise, I found this interesting article ( which I just later found out ) and it seems those listed are good to try.
Some are with monthly payment and some are for free. Feel free to check here.

http://www.bitcongress.org/bitcoin/trading/best-bitcoin-trading-bots/


P.S. I'm thinking right now to give it a shot again. Grin

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Awesomus Maximus
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February 09, 2019, 12:54:42 PM
 #10

Gunbot is probably the best known around here. If you need something to start trading without too much trouble and you don't care to pay for it, Gunbot is good. Scavenger bot is also worth checking out. It has no up front costs you may check it and pay a percentage of the profit you make. If you need something that is free, you can try Gekko. It is an open source bot and it is not so easy to install, but if you can do that, you can use it for free. But you have to know how to set up the system. There are some freely available strategies, but I don't know how well they work with it. Another free bot is Zenbot. Also it is not so easy to install.

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February 09, 2019, 01:25:19 PM
 #11

So far, Gunbot is on the top I think because of their good services and its only a trusted bot. I’ve also heard about their effort to help the victim of cryptopia hacking incident, so by this I can say that they are fully committed to their customers and will do everything just to deliver a good service. 

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February 09, 2019, 01:36:00 PM
 #12

I will NEVER suggest these ways at all. I feel it’s sensible that we work towards trading manually, it’s not all that easy but it is something that is the way to a long and healthy career. At least, it is my personal opinion!
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February 09, 2019, 02:00:11 PM
 #13

There are no guarantees with trading bots any many people with them actually end up losing money on top of paying for the bot itself.  I suggest finding other income streams instead of relying on unpredictable algorithm trading.  Even if it was successful there would be so many people using the bot your profits would dwindle to practically nothing because of all the competition.

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February 09, 2019, 02:15:05 PM
 #14

It is not advisable to use bots, what I recommend is reading books about important authors and speculators, having a bot, it is like going to a casino, it is preferable to go to a casino, which you know is in the presence of bots that will always make you lose , in trading it is very possible to obtain profits thinking and understanding the market.

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February 09, 2019, 11:32:29 PM
 #15

I’m not using any BOT on my trade so I can’t suggest which is the best but a lot of recommendation here are true, Gunbot is one of the biggest tradin bot and it works well to some people since they continue to subscribe. I just don’t suggest trading with the bot because of the risk and uncontrol trading decisions, better to do it manually and if you’re busy don’t trade and don’t depend on bot.

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February 10, 2019, 04:13:50 AM
 #16

I personally haven't tried it, as I only do mid-long term trading, but I've heard good things about GunBot[1].

About being the "best" and talking about efficiency, I think it depends more of how you customize the bot rather than the bot itself.

Again, I haven't personally tried it, so don't take my word for it. Tongue


[1] http://gunthy.org/

 I Try a view live demo does not working to me

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February 10, 2019, 04:26:53 AM
 #17

I will NEVER suggest these ways at all. I feel it’s sensible that we work towards trading manually, it’s not all that easy but it is something that is the way to a long and healthy career. At least, it is my personal opinion!
My best bet is to trade manually IMHO using Bot to trade fails in most cases I quite agreed with the OP that its very challenging sitting in front of a computer  for long time however the OP should strategize his trading strategy to using a higher timeframe maybe minimum of 4 hour timeframe to minimize the number hours on PC rather than automate the strategy with a Bot.

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February 10, 2019, 03:47:29 PM
 #18

I’m not using any BOT on my trade so I can’t suggest which is the best but a lot of recommendation here are true, Gunbot is one of the biggest tradin bot and it works well to some people since they continue to subscribe. I just don’t suggest trading with the bot because of the risk and uncontrol trading decisions, better to do it manually and if you’re busy don’t trade and don’t depend on bot.

I am not using any bot. Actually I don't like bot for trading, because bot can't find out the best when market turn back to other sides. So I don't think bot is usable for always. So better is avoid bot and work with your brain and knowledge. It will be the best bot.


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February 11, 2019, 02:38:59 PM
Last edit: February 11, 2019, 02:58:56 PM by N0sferatu
 #19

I just started to use the free bot of

http://tradesanta.com/

It is in early stage so there are still some smaller bugs, trading runs smoothly though.

I made around 45$ profit with a balance of about 2000$ since 27th January. They also have a very supportive telegram group.
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February 11, 2019, 03:47:00 PM
 #20

Well my friend, how long have you been in the crypto world ?
See your post above i just feel you act like a newbie who just found out about crypto, and believe it or not, BOT Trading is something bad and is not recommended, the signal owner only gets profit for himself, not sharing with you

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