Topic: Trading bots on Binance - page 2. (Read 226 times)

I don't know, I still have not tried these features of Binance, but in my opinion, is it safe to use or is it worth it to use? Well, maybe because why will Binance add a feature that would destroy their image? Maybe it is useful, but the thing is, does it have accuracy in trading? What I mean is that trading bots or AI bots used for trading are still not proven to have high accuracy and a high win rate because AI is still limited and can't be trusted. I personally don't acknowledge the usage of trading bots or AI trading because I know they still have a limit and can't guarantee a good profit, but it's up to you if you will try it and let us know if its features are useful and trusted. But do you guys think AI trading is the future of trading? Because if yes, then where is the balance there? If all the traders are getting a profit or win trade, then there will be no money to circulate the market.

you disregard this part.


i was afraid to test it. that's why i'm asking how was his trading. because all i know the best pair to trade is btcusdt.
since he is doing it on altcoins, i'm curious what is the result. so far he is profiting in the first market MORVUSDT which is the futures market. we can see that in the image.

maybe 20usdt for each pair is not enough to be profitable, especially in the futures market, his 20 can be liquidated if the price goes the other way.

Because you make $2 with the help of trading bots and you think that those bots are helpful. Know that you can also make money while trading without any bots. Know that you can make use of bot and still have losses. Be careful with bots. As they are profitable they can also bring losses just like trading manually.

Be clear about this. Are you saying he should not make use of trading bot or he should also not make use derivative trading? Because BTC/USDT is for spot market while BTCUSDT is for derivative market.

MOVR and ARB/USDT? how was it?
 i think you should be on BTC/USDT, this is the most traded pair. this is got to be the best pair to make money. which TF did you try this on the spot?

i ignored their email regarding this bot because it was scary because i was just discussing trading bots with someone from telegram and then minutes later the email showed up on my phone.

I made it a point to never touch anything "AI-powered" when it's still in its beta stages as it's either going to cost me my job, or my money. But Binance's AI trading bot's pretty good if I do say so myself. The only massive bummer for me is that it probably generates its inferences and predictions based on the market as well as the predictions/positions locked in by successful traders within their database, which means they are collecting data without everyone's permission to make a trading bot. And that is a massive if but if that would be the case then I guess Binance will need to have some explaining to do.

I guess the concept saves itself cause it's free and it doesn't cost the user any extra fees besides what they would already need to pay. But at the end of the day, this is basically creating a copy-trading bot without the traders knowing that they are in fact being used to study the market, which is a massive mistake if I do say so myself.

I guess we'll just have to wing this concept for now. It's not like the crypto industry's big on copytrading or AI trading bots nowadays anyways. For me this is a gimmick to the professional trader, and a great training wheel for those who are just learning the ropes. Possibly at the expense of the successful trader(s) that they are collecting the data from.

Recently I came across trading bots on binance and found it interesting since they were giving the option to use geometric and arithmetic setups for trading bots for free.
Normally, third party trading bot providers charge a fees for using them on exchanges but here we have them directly from binance for free.
We have the option to use them for spot trading as well as futures which is good for short selling and leveraged trading although we should use them with high caution.
I just gave it a try and I think it's good to have an option. What do you guys think ?