getseoonline
Banned - Multiple Rules Violations
- Jun 5, 2012
- 1,563
- 826
Personally no but have seen a lot of the guys on fb groups earn some good bucks using trading softwares
Making money using crypto trading bots?
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BikeeTT
Regular Member
- May 17, 2016
- 267
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It's Royal Q I can help you with it if you're interested
Nw_Work
Senior Member
- Nov 23, 2019
- 907
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Do hope you go about developing one for any stock market or crypto coin so parameters can be entered by user to tradeI know one person using a crypto trading bot that employs a grid strategy. It's making them money, last screenshot I seen was $530 for the past 7 days. They're using the free 3commas bot with KuCoin. I'm not affiliated with either company. It's not really set-and-forget either: you have to manage it still. Tweak the parameters etc. Grid strategy is good if the crypto is range-bound for some time. Question is then how to find those opportunities; how to screen for range-bound cryptos... that's a whole different bot itself
I can't speak on these public bots beyond that. I wouldn't use one, only because I rather dev my own. I see a lot of potential in building an algo trading system and will do so when my current ventures are complete. I expect it to work well and have been thinking about it for months now. Maybe I'll post a journey? One thing I ain't figured out with running a crypto bot is the tax implications though. The nice thing about these bots and their strategies is you can apply them to the stock market too, and you can run them on a tax-free account
Good luck and remember: only play with $$$ you're willing to set fire to!
Nw_Work
Senior Member
- Nov 23, 2019
- 907
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Mudrex hasn't mentioned how much they charge or initial investment value required as well
jorun
Junior Member
- Sep 15, 2020
- 196
- 178
Public bots == counter trading possibilities, which likely will mean you will lose money.
But it is possible to make profitable bots, it all depends on your trading strategy. It's better to fully understand trading and having a profitable strategy first before creating your own bot.
seomaster5
Elite Member
- Oct 31, 2021
- 5,162
- 1,485
It is hard to find a working bot. Mostly scammers out there looking to fool others.
auuuu
Elite Member
- Jul 10, 2010
- 1,847
- 444
Yes, it's all on the website
GiraffeBurgersAndFries
Junior Member
- Apr 17, 2021
- 113
- 356
Traders I know work their strategy. Their formula. Conditions to enter. Conditions to exit. Most are rigid in these rules so emotions don't take over. If you have a strategy you can automate it IMO. Software likes following rules too
I'm making progress on my bot vision. I haven't begun coding it because I don't think coding it is the hardest part. There are a ton of open-source projects on Github for trading bots... the hardest part is coming up with the trading strategy and backtesting it. I've been focused on that. Notes all over the place you'd think I was Mark Twain.
I am planning to develop a basic grid bot, a trailing buy/sell bot, a DCA bot, a "dip buy" bot, and a swing trading bot. The first three are very easy to implement. The latter two are taking me down the technical analysis rabbit hole. It's exciting stuff!
Yes that is my goal. Some kind of modular trading bot that's agile. I want to have a platform where I can program a number of trading strategies (bots) then deploy one of them on a stock (or basket of stocks) with different parameters. Eg: run the grid bot on stocks that are range-bound, the DCA/dip bot on my long positions, and the swing bot on volatile sectors.
I'm happy to see some of y'all having success with bot trading. Have a great weekend BHW!