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
We do have bots, we do have copy and follow trading on which users or traders will really be able to make use on and this isnt really that a bad feature either and somewhat being useful. The wrong impressions only on here is that on the moment that these newbie people will be that having those kind of thinking that this is really that making them some profits or money printer for them without realizing that strategies and methods should be that applied. You can see these things to be useful when you do really know on how to make use of it but if you do have those kind of newbie impressions then it will be something that you dont really be that appreciating about on what are these things because you dont know on what it is all about. On the time that you do already have that knowledge and skills or awareness about bots and copy trades then you'll be laughing into those past beliefs that you do have.
Reliability of trading bots isnt something that should be thinking by someone because its a tool that it is really that good for automation and not something that gives out guaranteed profits or not. If you wont be that careful into those kind of beleifs then it will be resulting into those loses because of misuse due to misbelief. Sooner or later you will be having that kind of realization that these arent the things that you will be able to make use of bots. You will be finding its usefulness at the time that you do really know its usage and on what it is all about.