Post
Topic
Board Trading Discussion
Re: Does auto trading bot make good profit ?
by
DarkDays
on 02/11/2020, 20:03:05 UTC
Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.
I would recommend the ZenBot trading bot. It's an open source platform that supports a wide range of exchanges including Bitfinex, Bitstamp, Poloniex and Kraken. But there is always a risk of losing your money. This must always be remembered.

The above advice must not be underestimated. While some people think that bots can save you thousands by the same principles it can also lose you in the same level.

Whether you get good profit or not depends on what you define it as i.e. 15 or 20%? In practice, I found that when added stop loss the bot didn't trigger the selling so ended up losing more, and happened on more than one occasion. So, I now learnt my lesson and not rely on bots to the the thinking and action for me Wink
This is the approach I take at least when I have more at stake