Hey everyone,
I recently stumbled upon a Telegram channel that’s been putting out some crazy good trading signals. It got me thinking that maybe a bot could handle these trades better and faster than I can manually.
I’m looking for a scalping bot that can monitor Telegram messages and automatically execute trades based on those signals. Does anyone know if something like this exists? I’ve heard whispers about BONKbot, but I’m not sure if it has this kind of functionality.
Has anyone here used or built something similar? Any tips or recommendations would be super helpful. I’m pretty new to this whole automated trading thing, so I’m all ears for advice.
Thanks in advance for any insights!
I’ve been down this road before, and let me tell you, it’s a wild ride. Automated trading bots for Telegram signals can be tempting, but they’re not without their pitfalls. I tried a few off-the-shelf solutions and ended up losing more than I care to admit.
My advice? If you’re serious about this, invest time in learning to code your own bot. It’s not as daunting as it sounds, and you’ll have full control over its behavior. I used Python with the ccxt library for exchange interactions and python-telegram-bot for signal parsing.
Just remember, no bot is foolproof. Market conditions can change in a heartbeat, and even the best signals can lead to losses. Always, always use proper risk management. Start small, backtest thoroughly, and be prepared for some sleepless nights.
And a word of caution: be wary of those ‘too good to be true’ signal channels. Many are just looking to pump their own bags. Stay skeptical, and may the odds be ever in your favor!
yo dancingfox, i’ve messed with some telegram bots before. they can be pretty sweet but also sketchy af. make sure u know what ur getting into. BONKbot might work, but i’d do some digging first. maybe try coding ur own if ur techy? just don’t blow ur account chasing signals lol. good luck man!
I’ve experimented with automated trading bots for Telegram signals, and it’s a tricky landscape. While the idea is appealing, there are significant risks involved. Signal quality varies wildly, and even good signals can lead to losses if market conditions shift rapidly. Many commercial bots overpromise and underdeliver.
If you’re set on this path, I’d recommend starting small and developing your own bot to ensure you have full control. Python with the python-telegram-bot library is a good starting point. Always incorporate robust risk management and thoroughly backtest your strategy before live deployment.
Ultimately, no bot can replace in-depth market analysis and prudent risk management.