I thought about developing a bot to operate in a brokerage in an automated way. The idea is to make small daily contributions, with the bot active as a trader: it would sell when BTC rose 1% and buy when it fell 1%. The profit generated would be reinvested into acquiring more BTC, which would be transferred to a wallet.
What do you think of this idea? Any suggestions or points of attention?
Selling it every time it goes up or down 1%, how can you make a profit from it if you do that?
My logic says that it won't produce anything if done, not to mention if there are unexpected events in the market such as drastic price drops or increases. Are you sure the bot can keep up with all that?