Post
Topic
Board Trading Discussion
Re: what sort of features would you want in a trading bot?
by
justdimin
on 15/04/2024, 16:05:02 UTC
This must be the dream of all but I'm sorry that it is not possible and there are no perfect software yet up to date. This is why they always roll an update from time to time to fix the bugs that a software will encounter. The more it won't be possible because the guy seem to be learning yet despite being successful with some of his projects.

Without a bot, we are always advice to use small amounts but with a bot, we need to follow this strictly because a bug can ruin our trades and lose all our money quickly. A really good bot can only experience it rarely but losing is still there because of the unpredictability of the market and the coin that we choose to trade.
And that is my point, creating a piece of software that trades in the exact same way as you do, that has no bugs and does this without taking any break is the objective of most traders.

But that ideal is almost impossible to reach, so in my opinion at most a bot should give signals, but it should not have the feature of trading by itself, this way the trader can always double check that everything is in order and only then conduct a trade on the exchange of their preference.
It is impossible, I understand that people think that it would be possible because either they want to believe it or they just want to get rich, but the reality is that it is impossible to build something like that. Human part of trading is human, there is no way that a bot would be that human, it would be impossible.

Nowadays they are trying to put machine learning in it, that way it can study humans and then make trades like humans that it learned from, which could be a way to improve it for sure, but it is still not going to be enough. I believe that we are going to end up with just a software, nothing more. As long as it is just a software, it will have bugs, no matter how amazing the dev is, there will always be bugs and that will make you lose sometimes.