Post
Topic
Board Trading Discussion
Re: want trade by bot what do you think are you with bots or not
by
ethereumhunter
on 23/07/2019, 16:08:08 UTC
want trade by bot what do you  think  are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if   hit 60 sell something like this

You can try that, but that will not guarantee you to get a profit because the market cannot be predictable. You need to set the other things so the bot can adjust if the market is changing. But I don't think that will be easy because the bot will difficult to follow the price on the market and maybe you need to watch closely. It is still better to use manual trading than to use bots in trading because we can always monitor the market, and we can modify many things before we make an order.

A trading bot is similar to gambling bot, from my experience for both you need a bigger bankroll so they can run. Smaller the bankroll is, the bot will have difficulties to work. If you thinking about running a bot, the first factor to be considered is bankroll, the second factor is choosing the right coin, with nice price volatility so the bot can run and make money for you.
I tried several trading bots, but I didn`t invest a lot in that and I think it`s the main reason why I didn`t make money with that, I didn`t lose much too. I like manual trading more than trading with bots, that`s why I quit using bots. I tried free trading bots, maybe there are better bots that can be bought, but I didn`t try that.


Yes, I already tried too and I agree with what you say that we need to have some amount of funds so the bots can work properly. I tried to use 0.01 btc at that time, and I set a buy price for a few coins, and the bots will not execute to buy the coin if the price is more than 0.003 btc and I set it to buy 0.002 btc for every coin I want to buy.