Post
Topic
Board Trading Discussion
Re: Profitability of Trading Bots
by
avatar_kiyoshi
on 02/01/2020, 04:59:34 UTC
I am curious if people have had success with trading bots in cryptocurrency.

I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers

For a paid bot, it's work well, I ever to pay in trading bot (it's actually me & my friend) to try the bot. The bot itself offer 1% profit per day, at the first month it's work very well, the profit is not missing, but when there is a shock on the market, the bot starts to get confused, had lost about 2 days (around 3%), after that the bot returned to normal.

Just to remember trading bot is suitable for who wants to invest in trading but have no a lot time. Trading bot is shut down our experience in trading.
Did you really pay on using bots? I mean there are some that is free to use though I haven't used any of them yet. But well, we should be wary of what bots are capable of doing trades coz basically bots are just an extension of ours with our settings on it and typically based on the market movement, So there is no accurate percentage of profit at all. On top of those profit you get from 1% or 2% a day, when you lose big time about 10% in a month then it is not healthy anymore, just do the math when you are paying for the bot to work for you relatively to what you are earning on using it.

Yes, I used an automated trading bot that does not require difficult setup. Investing in an automated trading bot is of course more risky, I can afford to lose my money in this kind of bot, so that's why I tried it.
The profits are fairly constant so far, but I am still researching about this bot to make sure the calculation, so I still cannot suggest investing in this kind of bot.