In recent years, we have seen so many bot trading, even so many crypto centralized exchanges(CEX's) offer these services and for free, but I wonder why it is not all that popular, bot trading is a kinda more easy to to seeing programmed algorithms makes the trade for you, but is that all there is to it, unfortunately yes, you set you parameters, you tell it what to do, you a literally doing all the work, if you don't have a good strategy, the bot will keep on making losses, it's you trading but not you, and I guess that's why it is not popular.
What if, there is a trading bot that analyzes trades and execute them, will that be more profitable, now I've heard of some trading bot investment that claims to offer these features, but I can't help but wonder, what strategy does it use. In conclusion, I think trading bots are risky.
What are your opinions and solutions
Actually trading is something that I believe is best done by yourself, that way you get a real-time control over what is happening on your portfolio, this is because setting these parameters, sometimes there are conditions of the market that may not meet up with these parameters and that alone in it self becomes a serious pitfalls to your trade since you don't intend to monitor the trade Real time, no strategy is perfect and so they still need some level of monitoring even after you may have done the analysis, even getting a more expensive robot that will do the analysis for you will still have its pitfalls as the algorithm may at some point need updating which if you don't you will still loose even trying to use the bot, so basically trading by yourself is the best if you are going to be in for the long term but if you are doing for the short term then maybe you could proceed with the boys