Post
Topic
Board Trading Discussion
Re: Do you use a trading Bot?
by
4IRIK
on 14/03/2020, 08:27:01 UTC
Hi mate!
I do use trading bots (tbh I tried really many bots)

They can earn money indeed, BUT
They become ineffective one day due to several reasons (like market state or other bot etc)

That is why I use software to control these bots.

Idk if there are many controlling software but for me Bitinsure (Insurance for your Digital Assets (https://www.bitinsure.com/)) application (mobile+web)) works excellent. It is software that improves trading with 2 major functions: automated cloud risk management and real-time statistics metrics.

**Risk management **limits and controls your losses (several trading limits and sends you an alert when one of the limits that you configured is reached. This way you build a sophisticated trading system and keep in control of your funds. You stop unwanted losses and earn more with less time spent.
**The automated statistics** of your trades that can be used for the analysis or hedge fund presentation (if you give money under management). The statistics is recorded in real-time, so you can easily analyze the indices needed in a convenient form and spend your personal time on what really matters for you.
I trade futures on Bitmex, so, it’s really helpful for me! I started earning in a stable way and do not worry about losses. Bitinsure does it for me.

Thus, I use trading bots and controlling software. The results are quite impressive.

Good luck!