Looking to get some real-world feedback on trading bots, the pros, the cons and the most important question... do they work?
So please, only comment below if you're actively using trading bots and how successful they are.
3rd party trading bots? What do you mean working because all trading bots will work based on the setup you made on it. But if you mean passive profit using a programmed trading bot by random guy will surely scam/hoax. There’s no such thing as working trading bot that will give you consistent profit.
Trading bot on exchange are all working base on your setup as I frequently using it for DCA and range trading whenever the price is on sideways.
What trading bot you are describing here?Maybe he/she do talks about those already set-up bots that could be seen neither on exchange platform or something that we can see ex. gunbot but in overall which newbies do really have that kind of
impression and believe that these things could really make them money passively on which they would really be just simply running it and then wait for profits.
@OP, trading bots are for automation of your trades on which this could really be bringing out that convenience specially if you do love on executing your own methods and analysis
on certain price conditions without needing to have to look at your monitor most of the times. To save yourself from this then this is where trading bots do sets in, it do
really bring outs that convenience specially if you do really know on how to make use of it. Its not something that could assure out money making things
which i do highly believe that this is where newbies do mostly believe on.