Post
Topic
Board Trading Discussion
Re: Bots, AI Bots or signals?
by
MikeyVeez
on 03/11/2018, 11:26:03 UTC
Okay, okay guys  Grin. It seems that it is not as easy as I thought.
I have heard that many people use 3Commas or Cryptohopper bots, but probably it is also hard to configure them right?
Everyone is talking about DYOR, or learn on yourself, but I have heard that you have to learn about 3-4 years before you start trading.  Cry

The more people running these bots out of the box, the less profitable they are. I’d be surprised if they have an edge at all in this market given how sophisticated algos have become.

I learned trading by, well, trading. And then learning from my mistakes. No matter how much “book learning” you do, or how much you trade with demo accounts (no risk), it’s no replacement for actually trading. Traders often refer to early losses in their career as “paying tuition” because it’s like going to school and paying for it.

I would read some basic tutorials on things like candlestick analysis, chart patterns, trend trading and breakout trading, and how to use oscillators. Then start paying your tuition. Smiley
Yeah, but I still do not understand why there is no bot, which is able do these things: candlestick analysis, chart patterns, trend trading and breakout trading?
Because these things are the real signals, right? But why there is a problem with creating a bot which will recognize these signals for us?