An automated trading bot will not work without you, this isn't a machine that will work and make money for you. On behalf of you and under your command, a trading bot will work fine. This is still useful on my side especially when you aren't around facing your PC and monitoring the market price, automated trading bot will execute buy/sell under your command.
Then what are the difference between those automated bot and limit-stop-loss order? Because you sound like what I have been using in the name of limit orders? Limit orders will buy or sell when I set them up higher or lower than current market price levels.Does your bots are capable of finding stop-loss levels if you feed where you need to enter? When a bot needs our command every time then it cannot be appropriate to call "automated"
.Each of us has different perceptions of this automated trading bot system, but when you say they are useless, no, I wouldn't agree. It depends on how to use it.
Yeah, there different kinds of bots are available and each will do different tasks hence n general we cannot have negative opinion on all bots but practically what I found is I am a better trader than what was voted no:1 crypto trading bot in 2020 by few review portals.