Looking to get some real-world feedback on trading bots, the pros, the cons and the most important question... do they work?
So please, only comment below if you're actively using trading bots and how successful they are.
I'm not really good at trading so I try bots thinking that it help me and expecting this would change my mind about leaving trading. Unfortunately, the results never met my expectations, for me, it was a failed attempt. I've found out that trading bots is useless if you as a trader don't have knowledge about trading. I'm not sure if hiring someone to set up the bots instead of doing it personally is a good idea, but I don't think so. Because the only ticket for us in order to succeed in trading is to become knowledgeable about this.
Trading bots can be of a great help if used properly. Yes, it can assist and support your trading matters even if you are away from your computer. But, trading bots are programmed just as a 'support', meaning that you cannot fully rely on it as it can also affect your trading negatively. Having trading bots does not mean that you will just let alone the bot do its job as there can be still an error and mistakes with it and such technical issues might still occur. Personally, I think trading bots best works if both of you work together as it can help to achieve better results in trading. And its not a good idea to trade if you don't have any knowledge about it, and the first thing that you cling onto are trading bots.