Quote from: exstasie on November 03, 2018, 09:22:02 PM

Quote from: MikeyVeez on November 03, 2018, 11:26:03 AM

Quote from: exstasie on November 02, 2018, 09:11:02 PM

The more people running these bots out of the box, the less profitable they are. Id 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), its no replacement for actually trading. Traders often refer to early losses in their career as paying tuition because its 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.

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?

It is possible, and there are plenty of bots that do this. They can definitely be used to implement candlestick and indicator strategies. But this does you no good if you don't understand how to build a profitable strategy yourself.

If you just run the default strategies, they usually won't be profitable because if everyone is running the same bot parameters, they cannibalize each other and lose their edge over the market. This is one reason why bots in "paper trading" mode can look profitable, but in "real trading" mode will lose money. In "real trading" mode your bot has to fight the market for limited liquidity. I also find that successfully using TA has a significant visual element. It requires a trader to recognize confluences of different factors. I find this extremely difficult to translate purely into numbers and code.

If you're really interested in bots, there's a decent overview of available crypto-trading bots here. But I would really stress the importance of learning technical/price analysis before using a bot. Bots are for advanced traders, not inexperienced traders looking for passive income.

Okay, thank you very much, I will take a look on your overview.
I am going to start learning about the trading. Do you think that there is any diffrence between classic forex trading and crypto trading (if you consider strategies)? Because crypto market is more volatile right?