Post
Topic
Board Trading Discussion
Re: Binance trading bots are garbage
by
Mauser
on 16/08/2020, 06:36:00 UTC
Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? Tongue
It depends on the experience of the bot user. some bots are not good for some but profitable for those who understand it. It is important that you have enough knowledge to re-analyze what the bot has analyzed or not, this is very important and it affects your trade results a lot.
But best of all, we should still invest in our own people to get hands-on experience, then trade without any bots.

I think that people buy a bot to help with their decisions in crypto trading, but tend to not double check the bots. Its just easier to fully trust a system and then blame the system if something goes wrong. I used to work for an investment firm that sold a fully automated system, similar to black box that just did all the trading for you. Marketing wise we used to check all the parameters and ended using only the most favourable inputs. Without checking yourself you are at the mercy of someone else.