Quote from: Sled on April 06, 2017, 06:56:38 AM

Quote from: Idrisu on April 06, 2017, 06:46:44 AM

Quote from: mynhpark on April 05, 2017, 03:15:07 PM

Cryptocurrency trading isnt easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis.
Interestingly enough, most people dont realize that many cryptocurrency traders use trading bots to execute trades faster and more
efficiently, and sometimes even in their sleep.

They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously
without having to rest. Trading bots or algorithmic trading is a technique that uses pre-programmed software that analyzes market
actions, such as time, price, orders, and volume.

There are bots that are free of charge and can be downloaded online. Some people have also designed their own bitcoin trading bot
software. Then, there are trading bot services you have to pay for, offered by various trading engine and programming companies.

Would you use a Bitcoin trading bot instead of you?

Bots is good if it is developed according to the traders trading strategy. Why many traders who go for bot always abandon the bots and revert back to their human trading is because the bots is not developed according to their strategies and this makes them make losses.

Yes bots cannot analyze the market very well so there is a high chance for them to loss money because bots just have a program with a certain strategy unlike in manual trading you can choose different and apply those strategies in yourself and get a higher chance of earning enough profits. Manual trading is still the best until now because the market is getting more complicated and a bot cannot handle that.

If your bot is unable to properly analyze the market, it is not because bots in general are unable to analyze market data, but simply because either you or the coder did a poor job. The saying that,"Garbage in, garbage out still holds here. The real problem traders have with bots is their inability to come up with bots that can do exactly what they want them to do and funny enough most traders buy and deploy bots even without a good understanding of the algorithm the bot runs on.