Trading bots sound like a great idea, however they are not the automated solution people think they are, for a bot to work as intended you need three things, a working strategy, complete knowledge about the inner workings of such strategy and the ability to put that knowledge in a language your computer can understand.
How many people do you think have those three things? A very small minority, the rest of the traders out there should not use bots as they simply lack the minimum requirements to take advantage of them.
Agree. Most people that use our live chat related to trading bots aka robots assume it to be simple. They just want to find a robot that does all the hard work. That is not how it works. You are the one that have to do the hard work. Finding a strategy that actually generate a profit in both bull and bear markets. I personally only believe in trading bots that are built / set up by yourself. If businesses with this kind of products work so well - why don't they just use it themselves and make a killing from it? If a trading bot business need customers, it probably doesn't work so well..
And you are right about not believing on all of those bots that can be bought, using a bot only makes sense if a trader is profitable already and they can code, as in this way they can trade the markets every single minute of every day and not miss a single movement because they were sleeping or they got distracted.
However for some reason many people out there hold the idea that someone else is going to give up on years of research and trial and error and sell their knowledge for peanuts.