Quote from: darewaller on Today at 10:19:18 PM

Quote from: Insanerman on Today at 06:04:19 AM

Quote from: coincodecap.com on February 15, 2020, 07:17:41 AM

Do you use a trading bot and what's your favorite trading bot?

Also what type of strategies you use with the bot? And it is profitable for you?

I never been into trades using trading bots because it is much preferable to trade manually. I won't trust any trading bot without properly understanding how they works. Though I believe that they do have some advantage like advantage on emotional and decision making(sometimes), they are programmed according to data given to them so there are no hesitations that will happen. Trading bots should have capabilities to constantly learn from lost trades.

You are right and actually emotions while can make you loose more in trade but sometimes emotions can save you too. I was about to sell in March a part of my saved bitcoins when price went to $5k but I have a strong emotion that it will jump back in coming months so I just held my nerve and it recovered itself very soon and if I was using bots the trade would be executed at $5-6k as per the stop loss feature which I am sure I would have used.

Bot scripts are usually for people who are doing large number of trades per day among altcoins like selling/buy eth for minor price change and hence saving a lot of time and also bots increase accuracy but for traders who are doing less number of trades per day I would never recommend bots and scripts.

dang good for you that you follow your heart and didnt use bots that time .

bots really have a different purpose and not primarily built to combat or handle our emotions because that would be funny . i use bots too on gambling but not in trading and the emotion is still there . i did experienced to loose and feel bad . we should ask the developer of the bot for strats because they provide it or they have a website/forum for it if ever we liked to use them