Quote from: Cookdata on January 02, 2025, 11:04:46 AM

Quote from: OsaiEmma on December 30, 2024, 06:19:13 AM

No matter how smart algorithm looks in crypto space, it can't know exactly how the human think straight, even human doesn't know what his fellow man is gong to do next, who knew Elected Donald Trump was going to be elected as the winner of the last election, this action alone made Bitcoin to click $100k, such things can't be known by algorithm atleast for now, this is why it's difficult for bot to be perfect in trading, the real ones can only play around wig the basic trading nature.

I'm not sure if there is a way where paper trading or demo trading can be incorporated with bot, so you can actually test it for a year, especially in the bull run whether it's profitable or not, that alone will tell you if it's worth it or not. This is not a recommendation but I have seen kucoin do a lot of marketing with these trading bots alot, maybe you should try out, don't forget it's not a recommendation.

You've said it your self that we too can't tell what the next person is thinking, now I think the biggest flaw, the most reason why traders are less successful even with proven strategies is emotions, with the advancement in technology and AI, I think a strategy can be programmed, both TA, FA, and sentimental analysis can be implemented and programmed into AI bot so as to influence their decision, these analysis what are they, they are simply data, and that's exactly what these AI technology uses, so I think there is a way to make bots trade even better than the so called 'professional traders' cause of the emotional factor there.

Quote from: L4rs_ on January 02, 2025, 03:08:18 PM

Quote from: knowngunman on December 31, 2024, 09:01:58 AM

Quote from: L4rs_ on December 30, 2024, 07:14:50 AM

I don't know got liquidated from a position that was already so much in profit but if instead I had the bot it wouldn't like be all-in all the time but buying some dips and selling some hows while still maintaining a leverage position if you set it up on LONG. Not everyone is 10 years experience pro trader + the bot is like performing well for now in what its doing ofc market can crash and is volatile and unpredictable and whatever but every trader thinks anyways he can foresee future

I'm sorry about the liquidation, but we have SL and TP to automate trades too, you can even set pending orders, I think every broker, CEX and trading platforms have these.

Quote from: origkz on January 02, 2025, 01:46:25 PM

Hi!

You’ve raised some interesting questions about trading bots. It’s true that in recent years, more and more platforms have started offering trading bots, sometimes even for free. However, as you mentioned, their effectiveness largely depends on the strategy and settings.

The main issue is that bots alone don’t solve the complexities of trading. If someone doesn’t understand how the market works or lacks a reliable strategy, the bot is more likely to generate losses than profits. Developing a good strategy, on the other hand, requires significant knowledge and experience.

Thank you for this, but I think maybe for now trading bots might be useless but in the future as there will be more innovations and technological advancement, better and more precise AI driven trading bots will be designed although there are few already in the pipeline