Hi flyboy. That sounds good in theory, but we can't always pick the direction the market will go in. For example, if you sold after a $5 price increase, sure you lock in a small profit, but what if the price kept going up? What if it was a huge movement, like a $15 increase? What if a new bubble forms? You wouldn't want to be left behind.

In the same way going down, how do we call the bottom? What if it drops $5 quickly, you buy, and then moves back upwards even higher (called a bear trap) and leaves you on the wrong side of the trade? Now you must either buy in at a higher price, or hold the cash, hoping it eventually goes back down.

The bot watches 24/7 and attempts to mathematically put us at an advantage to profit long-term using exponential moving averages. When the market ranges between values, say $170 and $175, most trades won't be profitable and it's frustrating to watch. But when the price makes a move and begins to move strongly upwards or down, the bot ensures we are on the correct side of the trade to profit from the trend.

For example, my bot bought in correctly yesterday and rode the $10 price rise. The three trades before, however, were a small loss. The hope is that gains on the larger trends will make up for the smaller losses.