Salem
Is it better to stop or put on hold all orders or bots before friday pray to make sure no order is executed during jumoat pray (و ذروا البيع)
Or there is no problem as physically we are in the mosque and we can leave algorithm running
Regards
Aoa,
How has your experience been with the crypto bot trading?
I’ve been using the 3commas platform with indicators like RSI, MFI, Trading View signals, I’ve had mixed success. It can generate a lot of profit but loose it all in just 1 or 2 bad trades.
I’ve been able to prevent the bad trades with more limits however the growth then becomes quite slow
Assalaamu alaykum,
As long as you are physically not distracted by the bot trading, you may let the trading continue during Jumuah.
Allah knows best
AsSalaam alaykum Mufti,
Is it sharia compliant when this automated bot or algorithm also places short-trades. I know a automated bot, which trades crypto, bitcoin in particular. This bot is making long-trades, but also makes short trades and it trades with leverage. One of the owners of this company is muslim himself and told me, that the broker (bybit in this case) is not lending the assets and the leverage for the short trades with riba. He says that the broker only charges a fee from the seller because of this service he is delivering. With ‘this service’ he means te ability to make short trades on this exchange (bybit).
I truly hope you will find the oppurtinity to answer my question.
Thank you very much!
Kind regards
Wa alaykum salaam,
If a bot is shorting and taking on leverage in your behalf, then that would be an issue. Gaining from such an investment would be not compliant as the trade was not compliant.
Allah knows best
Assalamu Alaikum, is using BoTs halal, like stoic app? I don’t have control of which crypto it trades, do you have any alternative bots if its not halal to use
I m a software engineer & one of my client wants binance future trading bot, is it permissible for me to build future trading bot? Is it halal?
@Mufti_Faraz_Adam i havent seen this answer anywhere but is using the fibonacci retracement to see where potential levels of support may be halal or not? Jazakallahu khayran
Hello,
Have you tried the trading robot https://fx-etrader.com ?
It is a very profitable and fully automated trading system, it is used by the plurap of professional traders.
It has 3 trading modes, you can set it to trade for you or send you buy and sell signals if you want to check the chart before opening the position.
Hello,
Could someone provide us with any automated trading bot that is a 100% Halal ( permissible pairs )
And that is doing pretty fine.
Thank you.
Are sniping bots halal for upcoming halal tokens?
Allah knows best
Wa alaykum salaam,
Can you explain what you mean by sniping bots?
When a new crypto launch is coming you can use bots to buy immediately and sell at a higher price. I was wondering if this is halal?
Asalamulaikum
I have the same question. A sniping bot is a bot which “snipes” new launches of crypto coins and buys up token instantly at launch which means that you are essentially one of the first ppl to buy the token. As with most launches, price goes up a lot in the first few minutes of a launch and using a sniper bot to be the first one to buy a token means that you would be able to profit a lot. Of course, it should be a shariah compliant token. However, my question is whether using such bots to be the first few people to buy a new token ethical and halal?
Asalam Alikom Cheikh,
Could you please answer my previous question?
You or any other person who has an answer.
Thank you.
Asalam Alikom Cheikh,
I found a pretty good automated trading bot.
But after few research i found that some trading pairs are not Shariah compliant and some of them are.
When I asked a guy how to avoid the haram pairs we said to me :{ I’d say, trading doesn’t not mean investing. If you buy something for trading, you are not supporting the fundamental status of that project. You just buy and sell within few minutes or hours 
}
What do you think about that?
Assalamu’alaikum @Mufti_Faraz_Adam
i read online about ruling on trading bot in my country and the ustadz said it is not permissible because aqid in transaction must be aqil baligh and hurriyah, which is only applicable to human. And bot is only machine which does not have aqil.
And he also said this kind of transaction is close to gharar
But in other article in the same website it said that if the trader consider the bot as instrument only to help in trading then it is permissible
My question is how can i know if the bot act as aqid or as instrument?
sorry for broken language
link of not permissible ruling: https://islam.nu.or.id/bahtsul-masail/hukum-trading-menggunakan-robot-autotrade-gold-4-0-tshep#closeds
(May need google translate)
Thanks in advance
Now there is running a bot treading app named jade al…
Could anyone please tell me it it halal or haram??
@Mufti_Faraz_Adam assalam o alaikum, I have the same question as this brother. My client is asking me to make a trading bot in which the bot will make long and short positions entries for him? Is it permissiable for me to make the bot for him?