Hello everyone.
Recently I became interested in the topic of trading bots, so I decided to study the information about it. After reading several articles, I realized that there are many different opinions and therefore it is very difficult to decide for myself whether to use bots well or badly.
So I decided to try a few bots. I drew attention to the bot announcement from NWC. I think it's better to use software from a well-known company. This gives more confidence in a good result. As far as I understand, a bot for testing on historical data uses certain algorithms to automatically detect the most important patterns on the charts.
However, is it possible that, in addition to simply detecting patterns, the bot also calculates the technical price target and looks at how many patterns reach it, so that the percentage of success of the trade can be determined?
How do you feel about trading bots? Have you ever used it and can you advise something about this?
The first thing you need to know before using a bot is to know how to trade by yourself, this may seem odd at first as you want a bot to trade in your place but if you do not know how to trade then it is going to be impossible to modify the settings to the bot in a way that makes sense.
However reading the rest of your post it seems you want the bot to do more than what they offer, this means you only have two options, if the bot can be modified and you can add your own strategies then you could add this on your own, and if this is not the case you may not have any other option but to code your own bot that does exactly what you want.