I’ve been trading BTC and crypto manually for about a year now and I’m excited to start using bot trading. I want to automate some of my strategies and would love to hear from others who have experience with this.
For those who are already using bots:
What platforms or bots are you using for BTC or crypto?
Did you create your own bot or use an open-source option?
Would you suggest starting with an existing platform or making a custom bot from scratch?
Any suggestions, resources, or tips would be great as I begin this new part of my trading experience. I appreciate any help you can offer.
I’ve been trading on forex with bots I developed for over 5 years. Here’s my advice:
If you’re trading CFDs, use MetaTrader 5 and code your bot in MQL5 or hire someone to do it for you. If you have no programming experience, this might be your best option.
I built my own bot with my team.
Both choices are fine, but coding your own bot without programming experience is really tough, especially if you want to create something effective.
Look into Sofex Algorithms and their bots. Ask for a trial. They are the only ones I know that have real trade data, but their scripts cost about $2000 a year.
It really depends on your coding skills. If you can make fast bots, you should code your own. Also, it depends on your strategies. Some open-source projects can be helpful.
I mainly do arbitrage trading, but I’ve been using www.Vultax.com. I have their arbitrage notifications set up and created an automated Python script for buying and selling orders based on those alerts.