Post
Topic
Board Trading Discussion
Re: How reliable are both trading
by
Mahanton
on 14/04/2025, 21:50:14 UTC
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
This might be old question but i would be answering you out in regarding into your assumptions about on how trading bot works. Its true that this is something that gives out convenience into traders on which considering on how these bots do works specially if you are out or not to be in front of your computer/pc/laptop then these bots are useful but just like been said that you do still need to tweak on whatever the settings that the bot would do if ever the market do hit up a particular price point, whether it do execute a buy/sell or stoplosses/take profits. On the question if it there's a time that these bots would be able to have that kind of adjustments basing up on the market condition? No it cant just that possible, even we do say that on the current existence of AI then there's no way for this to be that make it real. To those companies that making up some claim about they do have these kind of bots, then better to test it out but i would say that i havent been able to encounter up such trading bot that having that kind of essence on which it do make out some adjustments accordingly. Everything would be definitely be basing up into someones capability on how he/she set up his bot action executions on which this do pertains about on a certain traders knowledge and good thinking/analysis towards this unpredictable space. Success isnt guaranteed but since you do have the idea on what you are doing then you do have that kind of edge.