Your thoughts / experiences with trading bots

**PaulEchere** · 31 January 2024, 5:11 am

Hi,

I've recently been to a local blockchain event, where a good portion of the event was devoted to AI/GPT/etc. trading bots and how wonderful they are and how they make everyone money.

Since then I've read and watched some content related to that online and so far it seems like a gamble or a grind at best. But maybe i am missing something?

**content** · 31 January 2024, 12:54 pm

For trading bots to work the market has to follow the trend of a trading strategy.

I see trading bots as good automation if you are doing well with certain strategies, saves time of having to manually evaluate the market/manual TA and put back purchase and sell orders, and a good way to try different strategies. It can also help mitigate losses. It is by no means guaranteed profit, just like with technical analysis, you still got to hit your targets(even if a trade bot may do many more small ones, still targets). During sustained trends, I'm sure it's much easier to profit with a trade bot. Everyone is warren buffett in a bull market and likewise trade bots can profit in those markets as well. Though if it's all going well, and trends change, you could see a bot hitting stop loss after stop loss. One of the main advantages is it can help you not make emotional trades, which is the main challenge of trading(and can be difficult to take gains when greed takes over manually trading).

So yes and no, markets have to cooperate some with the trade strategy being automated. If done well could be less of a gamble than winging it, and maybe someone as advanced enough with enough good judgement(there's still choices that need to be made by the user, what trade strategies for the bot to impliment) and maybe a little luck can make consistent good money from it.

However, if you are going to trade anyway, it may be a better way than manually trading. Anyway, I don't currently trade, and I don't use a trade bot. I made tons of money off crypto in the past, particular in 2016 and 2017, but also have made some bad choices trading(plus I would have made more if I had just HODLed everything from the start, I'd have 8 figures networth now if I had), so now I'm just focused on any income I can get otherwise, more streams of income and more savings is my priority, not trading. I do however have about 5 domain names related to trade bots for making trade bot reviews and ranking sites. I'm going to get to that niche after finishing after a few more batches of casino sites I'm making. Some of the trade bot affiliate programs have decent commissions on monthly recurring billing.

**universal4** · 31 January 2024, 1:11 pm

The bots will only be as good as the signals programmed to make the trades.

Rick
Universal4

**NoDepositCasinos** · 31 January 2024, 1:36 pm

Originally Posted by content

For trading bots to work the market has to follow the trend of a trading strategy.

I see trading bots as good automation if you are doing well with certain strategies, saves time of having to manually evaluate the market/manual TA and put back purchase and sell orders, and a good way to try different strategies. It can also help mitigate losses. It is by no means guaranteed profit, just like with technical analysis, you still got to hit your targets(even if a trade bot may do many more small ones, still targets). During sustained trends, I'm sure it's much easier to profit with a trade bot. Everyone is warren buffett in a bull market and likewise trade bots can profit in those markets as well. Though if it's all going well, and trends change, you could see a bot hitting stop loss after stop loss. One of the main advantages is it can help you not make emotional trades, which is the main challenge of trading(and can be difficult to take gains when greed takes over manually trading).

So yes and no, markets have to cooperate some with the trade strategy being automated. If done well could be less of a gamble than winging it, and maybe someone as advanced enough with enough good judgement(there's still choices that need to be made by the user, what trade strategies for the bot to impliment) and maybe a little luck can make consistent good money from it.

However, if you are going to trade anyway, it may be a better way than manually trading. Anyway, I don't currently trade, and I don't use a trade bot. I made tons of money off crypto in the past, particular in 2016 and 2016, but also have made some bad choices trading(plus I would have made more if I had just HODLed everything from the start, I'd have 8 figures networth now if I had), so now I'm just focused on any income I can get otherwise, more streams of income and more savings is my priority, not trading. I do however have about 5 domain names related to trade bots for making trade bot reviews and ranking sites. I'm going to get to that niche after finishing after a few more batches of casino sites I'm making. Some of the trade bot affiliate programs have decent commissions on monthly recurring billing.

Thanks for this input. If you don't mind the question, do you think hodling is still a good strategy today?

Regarding the specific question of the thread, I am VERY interested in the topic and think it has tremendous potential. However, until I have more knowledge on the subject, I am not going to trust a bot with my money. The tool can only be as good as the person who uses it and I still have a long way to go.

**content** · 31 January 2024, 6:53 pm

Originally Posted by NoDepositCasinos

Thanks for this input. If you don't mind the question, do you think hodling is still a good strategy today?

Regarding the specific question of the thread, I am VERY interested in the topic and think it has tremendous potential. However, until I have more knowledge on the subject, I am not going to trust a bot with my money. The tool can only be as good as the person who uses it and I still have a long way to go.

Yes I think so, for the long term, like 10 years or more. Only if you can stomach 3 year long downtrends.

**FriendlyGamer** · 18 April 2024, 4:51 am

Trading bots can really be a game-changer for traders. They automate tasks and execute trades based on predefined strategies, which can save a ton of time and energy. One of the best things about them is their efficiency—they're super fast at executing trades, way faster than us humans could ever be. Plus, they take out all the emotions from trading, which can sometimes lead to irrational decisions. Another cool thing is that they let you backtest and optimize your strategies using historical data, so you can see how they would've performed in the past. But hey, they're not perfect. There are risks involved, like technical glitches or needing constant monitoring to make sure they're doing what they're supposed to. So, while trading bots can be super helpful, it's important to use them wisely and understand that they're not foolproof.

**gainfin** · 9 May 2024, 5:56 am

Originally Posted by content

I do however have about 5 domain names related to trade bots for making trade bot reviews and ranking sites. I'm going to get to that niche after finishing after a few more batches of casino sites I'm making. Some of the trade bot affiliate programs have decent commissions on monthly recurring billing.

I too have several domain names related to trade bots. What are some of the best trade bot programs that you would recommend for affiliate marketing?

**lapa221Q** · 14 May 2024, 1:40 am

tranding bots have their pluses and minuses , but most can cheat

**antalcsaba** · 26 June 2024, 8:27 am

Hey,
I get where you're coming from. Those AI trading bots sound promising, but it's smart to be cautious. Trading, whether automated or not, always carries risks. Markets can be unpredictable, and no bot can guarantee profits. It's essential to understand how these algorithms work and the potential downsides. They're tools, not magic wands for making money. If you're curious, do your research and consider the risks carefully before diving in.
Take care!

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