Topic: Binance/Huobi Trading bot I use now is giving me decent profit (Read 85 times)

I recently got to know about the Royal Q bot. Its been all the rage lately in crypto community channels on WhatsApp and telegram groups. The screenshots people have shared shown them being in profit. Since I'm not a fan of bots, I haven't taken much interest in it and I'm not sure I'll give it a shot because majority of the people promoting this bot just wants people to sign up under them so they can earn commissions.

The primary reason why I'm not a fan of bot trading is because it makes the trader to become dependent on someone / something other than themselves and that's against the rules of trading.

I would love to see how Royal Q would perform is a slow, ranged market or downtrend.

Bots are automated simply following on whats been commanded and it turns out that the setting or analysis that had been put in was indeed able to mix up with the market and able to make profits.

Dont just make yourself to be that confident that bots could make you rich because it is just simply following on whats been put up or set-up by a certain user/trader itself.

Doesnt matter whether you do make use of bots or manual trades and as long you do make profits then that what matter most.

Bots basically work based on indicators, they can't just go "hmmm I feel like this is going to go up", the AI world is not as high as that. Which means that we are talking about something that will only work based on what you give it. And whatever we give the bot that is going to be the thing it trades based on.

And if you give horrible indicators and horrible way to work then it will lose a lot of money, if you give it amazing indicators and things to work with then it is going to profit a lot, these all will be changing based on the market as well, looking at the market is going up the profit making will be easy or will be very hard when the bears hit. Considering all of these together that means the bot could be good or bad but even a good bot will only be as good as the market and the user both being good at the same time for bot to profit.

This is the central point. It's hard to tell if this bot was better indeed, or was the market better for what the bot can do. I think that it was a good mix.

So the other bots may not be too weak, you just didn't get the right market conditions for them (and when the market changes you may end up with this bot doing not-that-great any longer).

I don't want to "negate" your findings, I want just to put everything in the right context.



Now, you are new, but your post is a wall of text i.e it's hard to read. You may want to format it better, else you'll lose audience.

Second, bringing Martingale in the context of trading makes me think that you may not really know what you're doing and you only got lucky...

Also, the fact that your first post sends to youtube where you have ref links to the trading bot makes me think that you may not be the actual trader and instead you want just to earn from referrals (I didn't watch the video hence excuse me if I'm wrong).

Hi guys & gals, it’s my first post on this forum hope everyone is doing great. I tested different trading bots over for past 6 months like pionex, jetbot, b-cube ai and list goes on and on… but the problem is most trading bots are really expensive and personally for me I couldn’t get my ROI back of the trading bot fee that I have spent also most of them are doing futures trading so there is more chance of getting wrecked. Anyways I was searching for a good automated trading bot until I recently found a new trading bot. At first I was sceptical but the thing that I jumped on this is because this bot cost only 100USDT per year yes, it’s an annual fee and it does only spot market trading so it kind of matched my checklist of trading bot I want also it uses the API integration of best two crypto exchanges- Binance, Huobi. I tested this trading bot for more than a month and it is giving me good results. I allocated with 1300usdt for trading I made around 400$ profit in a month which is great for me (note these results may vary depending on the market) basically I was getting around 1-5% daily depending on market conditions some days less than 1% but it is giving me something which is better than nothing. Since the bot was doing great for me, I put another 1000usdt and results are okay highest amount i have made using this bot 89usdt. The strategy that this bot uses is similar to martingale strategy with some advanced settings involved. One more thing I need to mention is that for every time the bot makes profit 20% of the profit goes to the team who developed this bot, rest 80% is our profit. I’m attaching how this trading bot actually works and my profit results. Please note I’m just sharing the info I found not a financial advice, cheers and happy trading!!

Trading Bot results: https://imgur.com/gallery/iDm677f
Review of Royal trading bot: https://youtu.be/hMFLL8PZ4U0
Setting up royal q trading bot on binance: https://youtu.be/Vp6FnWO-148
Working of Royal q trading bot: https://imgur.com/a/tGco3R9