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?
I don’t make use of bots while trading, and I have not tried any of them at all. But I have a few friends who are making use of trading boats, and from what they have told me personally, it has been working for them, although I haven’t seen it myself to be able to know whether they’re really telling me the truth or not. What I have understood about trading bots, it's not just about buying a bot and you will be expecting it to trade automatically, you still have to be setting up the strategy that the bot is going to be relying on to trade for you.
So basically, what the boat is doing is to give you more time to rest away from the screen while it does the job for you, but that doesn’t guarantee that will be making 100% success on every trade, they’re still going to be times that you’re going to lose. And also, you’re not going to be taking your hands off 100%, ‘cause you’re still going to be there to be setting up the bot sometimes. So if you ask me whether bots work , my answer would be a yes, but they still rely on the strategy that you set up for them.