Trading bots are used by 20% of crypto traders. That group of traders is also the most successful traders . Automation can help inexperienced crypto traders, new crypto traders, and casual traders maintain a more streamlined strategy, produce greater profits, and help them find better trades and trading opportunities.
Read moreCan you get rich with trading bots?
In general, experienced traders who have harnessed the skills can use crypto trading bots to generate huge profits . On the other hand, traders who make hasty trades and lack explicit knowledge of the market can incur losses using crypto trading bots.
Read moreAre stock bots good?
Most real trading bots are based on a very simple algorithm that just checks rsi or macd and that’s usually it. So they have a fair success but not as good as human trading . There are many programs like Market Miner which are total scams and not real trading bots.9 Mar 2018
Read more