Post
Topic
Board Trading Discussion
Re: Trading bots... do they work?
by
lixer
on 01/10/2023, 19:18:24 UTC
I think that's because you used trading bots for exactly why NOT to use them:
Trading bots are simply meant to help you as a trader automate your strategy and trade even when you are away from your PC. So they are a support for you.
The first thing that you said is the true purpose of the bots, and the rest are just an addition. But whether using a bot or not, a trader can still expect more, especially if he thinks the strategy that he uses are really good. If he doesn't have his own strategy because he still lacks of knowledge and skills, he can use someone's pre-configured bot and he can expect the same thing, especially if the bot owners promised them that their bots are highly profitable.

Quote
There are trading bots with ready-made strategies, but if they always worked 100% we would all be filthy rich.
Rather, you can say the owners of those bots won't ever publicize it but they can just solo the gains that they can get out of that bot because if all will use it, who will lose on a trade and give us a profit?