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Automated Online Trading

  • 07-03-2019 4:01pm
    #1
    pmcgloin.82
    Registered Users, Registered Users 2 Posts: 28 ✭


    Hi Guys,

    I have seen a lot of adverts on both my FB acc and other online sources of Automated (Binary) Day Trading accounts (for cryptocurrency). I am wondering if anyone has ever used/ tried or heard reports of what Automated Day Trading sites are like?

    If they are good, what are the best ones to go with and what profits/ losses can be realistically be made? Has anyone made more than they lost? Thanks in advance for the replies.
    Tagged:


Comments

  • #2
    snowstreams
    Registered Users, Registered Users 2 Posts: 1,326 ✭✭✭snowstreams


    I have used basic automated services for trading. Ie triggering a sell of my crypto if btc dumps etc.
    I did that with cryptohopper.

    It can do a lot more but it needs a lot of babysitting to get it working to keep making a profit.
    From what ive heard, it can be doing well, then the market dynamic changes and it loses all your profits quickly.


  • #3
    pmcgloin.82
    Registered Users, Registered Users 2 Posts: 28 ✭pmcgloin.82


    snowstreams wrote: »
    I have used basic automated services for trading. Ie triggering a sell of my crypto if btc dumps etc.
    I did that with cryptohopper.

    It can do a lot more but it needs a lot of babysitting to get it working to keep making a profit.
    From what ive heard, it can be doing well, then the market dynamic changes and it loses all your profits quickly.

    Thanks - is it free or do you need to pay for it?


  • #4
    snowstreams
    Registered Users, Registered Users 2 Posts: 1,326 ✭✭✭snowstreams


    Cryptohopper only has a 7 day free trial.
    Its 19$ a month for the service. I stopped using it though when the price of my holdings dropped so much.
    I was mostly in tether, but Im back in now, so I might start this up again.

    Alternatively there is 3commas. Its a lot cheaper but its features are more basic.


  • #5
    pmcgloin.82
    Registered Users, Registered Users 2 Posts: 28 ✭pmcgloin.82


    snowstreams wrote: »
    Cryptohopper only has a 7 day free trial.
    Its 19$ a month for the service. I stopped using it though when the price of my holdings dropped so much.
    I was mostly in tether, but Im back in now, so I might start this up again.

    Alternatively there is 3commas. Its a lot cheaper but its features are more basic.

    Thank you - I'm not looking to trade long on these sites - would only br for a short period of time. Make a quick few quid & top up my stack on the exchange so trying to see if I can get something free with regards to the platform, don't care how basic it is


  • #6
    snowstreams
    Registered Users, Registered Users 2 Posts: 1,326 ✭✭✭snowstreams


    Yeah it looks like the free trial should allow you to figure out if it will do what you want.
    but during dips the bot needs to be changed, or even turned off to keep profits!


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