Quote from: outatime1 on January 09, 2020, 11:25:34 PM

Doesn't bot trading just react to market signals that predict market psychology?

It seems that the bots are using algorithms that look at predictable market signals like Fibonacci levels that humans will view as resistance and support levels. So basically we have the power to know what the bots will do, right?

Yeah i think bots won't do something better than human pro trader's analysis, the bots will detect market movement and taking few profits and cutlosses when the price is down, it's just luck for a bot that could gather much profits. When the market is in downtrend i'm sure any bots won't make any profits. So i think there's nothing to afraid.