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Has anyone else in here noticed how easy it is to predict the trading bot trends on binance? :P

I was just puzzled with your topic and ask you if you have problem with Binance? It sounded like you hate Binance pointing out strong that their trading bots is garbage. Does it look like that? It is much better if you could tell us something with what it really happens to you and so we or one from their team could take a look on it and resolve the problem if there is.

But anyway, I'd never use any bots in trading and I'm not interested to do it by then even though it looks legit or people had said it. So I can't say how easy to use trading bots. But just curious how you can say that against Binance.

Your title is also Garbage
Are Binance the once that create the trading bots?
Do trading bots work only on Binance?

Why are you even using trading bots in the first place?
You could as well spare sometime, learn the trading basics, experience trading and make some money instead of paying subscription for some bot to do it for you.

He said it was a garbage because he might lost big time or significant amounts and blaming all of this in a bot without even realizing that the market itself is the main culprit
on why he had lost.Also a certain user should really have a knowledge on how to alter things up not just simply use up already set up without even knowing on what kind of bot
is that, yet you can check it out when it comes to its commands on how it should move on a specific period of market situation.
Also, he might be expecting that bots can give out guaranteed profits?  :D

I tell you, some people are really so lazy to an extent that if it were possible, they would prefer getting driven up to where the toilet seat is.  ;D
I mean, where's the harm in trying to learn and figuring out how the market works and what you can do about it to make some profits without 100% relying on a certain bot?
That why they end up getting disappointed by the bot results.

You mean trading bots made by Binance or trading bots you are using in Binance?
OP is lack of information about what you want to say, just like JeromeTash said, this could be lead to misunderstanding.
But as I also noticed on some spot trading, not only Binance, bots are always there so nothing's new about trading bots.

I will assume it was the latter, again this is another trader who really understand how this bot works. It is not rocket science, but if you don't have the experienced to trade then why used bot? Not magical beans that will just sprout and make you money, need to get that ass and work and educate ourselves in this world of trading crypto.

You mean the bots within the Binance platform? or Bots that users want to implement to trade on Binance? I understand that some Exchanges have armies of bots to move the market, but trading through Bots is something I do not recommend, basically the market is often moved by emotions and the bots do not have such feeling.

Keep in mind that whales are human, that they make their movements and these have been planned many times many months ago.

Dude it's your choice whether you use trading bots or not. Also, Binance isn't the only trading platform that bots can be used, it is applicable to anything. Do you even know what bots are for? We all see you've hated something that never affected you at all. You're free to express hate, but not such hate that you could somehow offend those programmers who worked hard and study for years and months to learn both programming and trading to create a bot just to be justified as "garbage".

And yes, it is trendy. What's wrong with it? Did even anyone had issues regarding the use of it at all? I don't see any valid argument in here nor an interesting issue to be opened up.

I think it is not easy to predict the market even if you use the trading bot because it is hard to predict. The market moves will depend on the traders, and the bot will get trouble to detect the moves. But you can detect it using your skills, and you can apply it to the bot settings so the bot can run following the market. But you need to watch the market because if the market runs differently, you need to adjust the setting so the bot can still follow the market and trade for you.

But I don't know about the trading bot trends on binance because I don't use any bot to trading. I still prefer to use manual trading to find the time to enter the market.

what you think you are predicting is not the bots behavior but simply the pump and dumps of shitcoins. they pretty much follow the same patterns every time they get pumped and then dumped with or without any bots. and the altcoin manipulators are using pretty much the same strategy to start the cycle and make money on a new coin every day.
not to mention that manipulating altcoins is pretty easy as long as you have a little amount of money and the experience and time to do it.

Trading bots are garbage, you lose money and it is not the fault of Binance because you are the one who make decision after all. I do not trust any types of trading bots out there so basically I do not use any of if. I think there is really a misconception about trading bots, a lot of trader thinks it is the way to earn easy money in trading but all pf it is a lie. I will never put my trust on the bots because there are now a lot of data published in the internet that most of the traders who using it are keep experiencing losses in the market.

Well, bots are just there to make automated actions a lot easier. They aren't necessarily needed nor do they provide better performance than you doing trading yourself. They're basically just looking at pumps and dumps that are obvious to the eyes and stalk it up as "predictions". There may be good trading bots out there, but really, those probably require payments or something not sure myself but I'd rather trade by myself than use bots if I were required to pay it.

Bots aren't magic man. You may often see robots being amazing in movies, but those are movies, and even if it could become the truth, that'd probably be long in the future, we'd probably be at our graves by then even.

hahaha, you only submit your trading activities to a BOT...
Binance's main focus is not managing a bot but managing an exchange. if you want a perfect trading bot you should find a trading bot developer who is focused on developing a trading bot.  :P

Reading This part, it's easy to say that it's not the bot from binance
is garbage but whoever configure it
are the one who's garbage. The bot only relied with how you configure
from how you see it to perform.


Most of those who didn't understand the use of bot  thinks and percept
this way, and they all being ruined.


Especially with crypto where volatilities are really high, you'll lose a lots
of time if you don't configure your bot well.

There are some people who only rely on trading bots, even they have no idea at all about trading. This may be because some people tell them about this, about that and then they come they will start to struggle, they thought that using trading bots may be effective and easy to use at all or easy to generate profits.

Not sure if Binance deploying trading bot. But deciphering its trend is totally hard as shit. I prefer to used charts than bots. But I saw some that works for them and feedback about connecting trading bots.

I wonder if this the platform you used to connect the bot? https://rewards.bituniverse.org

Actually its not bad to rely if the bots are really giving them profits. Its a technique on trading that become revolutionary and been utilized by expert traders. But as usual they will go back to traditional method where they can generate profit. Also these bots are not for free so users should really think twice if they wanted to use trading bots.

Im on phone. So i cba answering everyone.
But no. Im not losing, quite the opposite.
Im not using any bots myself.
Just turned 100$ into 400$ through futures in less than 1 day, trying to follow up on a theory regarding the bot algorythm.
They clearly only play by a mathematical pattern with a few variables and parameters, and nothing else it seems. (I know the owners change these factors from time to time, to not get caught up in their strategy)

Edit: i dont know if these bots are from Binance themselves orjust  sh*tty 3rd. Party bots.
Btw. So far im only studying their short-mid term strategy.

Good if you make x4 with your capital, so why complain though (I'm assuming this is what about in your thread). So have been successful, "if it broke don't fix it". And maybe you discovered something, the algorithm etc, so that advantage of that and grow your money.  Perhaps if you drop the name of the bot, then we will have an idea or what's really going on from behind. Anyways, best of luck to you.

Like i said i dont know what bots are running on binance.
And also, this is not a complaint. Its a hint for people here who does serious trading.
And 100$ capital? Wtf bro. It was only for testing a theory

I don't know there is an exchange who specifically make a trading bot. And for three years I use binance exchange I never know as well that binance has a trading bot, is that true?

First of all, when you use trading bot you have to overcome first the strategy of trading. It will be useless if you just shed your desire to get profit through trading bots it will never good for your money.

A person who has already studied a trading strategy and has certain knowledge for good market analysis will trade himself, and not use a trading bot. At least this topic forces the user to have a negative attitude towards Binance, although I believe that there are no such premises. Binance This is a very good cryptocurrency exchange that is very well balanced even for a novice trader. But using trading bots, these are opportunities that a trader uses at his own peril and risk.

I also think binance is great. Especially because they ususally only bringnin high volume coins.
And bots are for people with little clue on how to trade
The negativity however is a matter of perpective.
Theres zero negative intentions regarding this thread.
Simply pointing out that the bots trading there are garbage and seem to have a pattern which can be exploited. If you see it, you see it. If not, then hit the books.

Let me tell you a secret. Almost all trading bots are garbage.
If you expect them to bring you profit, forget it. You're more likely to lose a fortune before you find that fool who sells you a fully working long-term bot.

Better spend the money on training and trade yourself, or find a better use for it than buying garbage.

That is what I understood as well, but I do not know what the OP was expecting very few people that have profitable strategies are going to use them in a bot as anyone that had a profitable strategy will prefer to keep it a secret instead of selling the strategy for a low price to anyone that is willing to buy it, as such common sense is critical here, anyone that wants to be a successful trader should save themselves the problem, time and money and learn to trade by themselves.

They are all garbage if you dont know on how to even use it in the first place.Profitability does have lots of factors needed for you to be on that state knowing that the market is way too unpredictable in any ways.
If someone do promise you out a bot which is profitable specially in long term aspect then its totally a scam.If that one is effective then no one will sell it out for some few bucks.Am i right?
People are just get blinded out by their greed thats why they do really end up on paying up someone on buying out bots believing that it can generate some profit and make themselves rich
in a period of time without even realizing on how the reality do truly works.

Well, almost everyone could say this. Truth is trading bots are not for newbies or learners but for professionals. The best way to trade crypto currency remains you trading wholesomely by yourself, with indepth skills and knowledge. Always do your own research, and make sure to understand what it means to trade before commencing.

Well, it is getting more predictable because all of them uses the same logic when trading, they are using technical analysis and they are all putting at the same way because that is "when the price should go up" or whatever, they just check TA and give all the power to that.

Bollinger bands, macd, stop loss and all the technical stuff they could use all point out to one thing and they all go for that thing, there is no emotions involved with it. Hence, when that X thing happens all of them all react at the same time and move the same way. Humans act differently, they are all individuals who have their own thoughts and own decisions and that is why they do different stuff and never really do the same thing twice in a row. Obviously that is what we can see and why we can predict it.

True, but explain that to a newbie that believes the hype and thinks he can earn a fortune in this market without doing anything, while it is true there is a lot of money to be made at the same time there is a lot of money to be lost if you do not know what you are doing and newbies try to reduce the gap between the top traders and themselves with bots when in all honesty unless they begin to prepare themselves and study the markets for at least a few months they have no chance against those traders no matter what they do.

Relying on bot will only result to a huge loss for you, because it's not accurate always, but how on earth will you depend your hard earned money on bot that you perhaps don't know how to really use it, it's quite absurd though

Common mistakes of a newbie on where they do believe that bots can give out easy money for them but sooner or later they would realize that they are just expecting into something which isnt real.

People do believe that they can be rich with just having an automated trading and let the bot do the job for them without even trying to know on how it do works or you dont even know

on how its being set nor configured.Market is unpredictable and it can messes out on bots which will surely blown out your account in short time.

C'mon dont say harsh if you have no evidence regarding Binance trading bots. To my knowledge Binance does not have trading bots.
Although I don't like using trading bots either, saying garbage is too much for me. If we are advanced traders using trading bots can be
profitable, so please stop talking harshly. It will hurt someone.

It's ok. That's OP's point of view. If he thinks that bots are like that then fine.

We are lacking information here on why OP claims that bots are garbage or predictable when applies to Binance.

If only he can share at least one of that trash, we can exchange analysis with him properly.

Op already  cleared from his above reply that he is not sure if the bot was created by Binance. IMO, he is using some trading bot owns by the other company.
He was saying it was garbage because he can easy to predict it and opposite as what we are thinking because he is earning huge profits from it. Sorry, OP but once you are gaining from one particular bot, it is not grabage for you afterall.

Anyway,  I do heard some feedbacks from using trading bots and i personally do not even tried it yet. I have my own knowledge, not to brag but if any of us can trade and earn without the trading bot, then why purchase one?

You really have freedom to choose if you will choose their trading bot or not.

You can read a lot of reviews or feedback towards their platform so that you will not be disappointed about your experience using it. Probably, you're saying that their bot is garbage because you didn't use it effectively as you use it. However, if you're a good trader and a wise investor, you will never settle the fate of your assets in using trading bot. You should know how trading really works manually, you should know how to read the market and not relying on the trading bots.

I'm sure that this is his mindset towards using trading bot. He needs to understand that there's no easy money in dealing with the market.

Maybe you are the first person I see that complains about making money from a self discovered flaws  ;)
I would expect you to be more active with making profit from binance trading bot flaws since you feel it is easily predictable, if what you are saying is true am sure other traders like you must have figured it out too and take advantage of it, don't tell me you are the only clever trader in binance.

Lol, shouldn't you be taking advantage of it just like what @Bitstar_coin said above! If I were you I will trade even more and predict the bot to gain more profit, or would you rather prefer losing on all your trades?
between am surprise binance don't know about this yet because am sure if this is a problem they won't hesitate to rectify it,
I think all traders in binance would be glade the bot is easily predictable and take advantage.

Don't blame the trading bot though, blame the strategies. A really, really good bot just does its job well which is automation of trades.

If I had a good bot that I know sells and buys the way I want to, and not just following stop limit orders, I call it a good bot. But yeah, anyone expecting bots to bring profit just on auto's just bought into trading's biggest scam.

Binance doesn't make any trading bots so pretty much every trading bot you see is a 3rd party bot. As for their trading algorithms they are kept secret for the most part but they place trades often (I think?) so maybe they are using some variant of high frequency trading (https://en.wikipedia.org/wiki/High-frequency_trading).

How you know that Binance or other exchange sites don't use any trading bots? How about the fake trading volume every day on their sites? Have you ever seen completed orders that are less than the limit set on an exchange?

Very often, the desire to use the bot arises from beginners who have not yet figured out how to trade and decided to shift the work to a trading bot. I have also previously used a trading bot and remained unsatisfied with its trading. But this was at a time when the price of cryptocurrency was constantly decreasing. It is possible that in a bull market, the trading bot would have made a profit for me.

I meant my post to be interpreted as "Binance doesn't develop trading bots that it gives or sells to its users."

I never tried the use of the trading bot because I don't want to what is the reason why you need to have a trading bot if you can make a trade on your own?. Because you're tired and earn easily without doing anything? I don't think so this is a good idea but for me, it's better to trade on your own because there is a higher chance that you will lose a lot of money because of the algorithm inputted by the developer.

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It looks like you creating this thread just to express your feelings about the loss you have with the use of that trading bot. It's better to learn on your own and be dependent.

The trading bot is not a good thing and used if you are just a beginner into the world is trading that's why many people getting lost their funds.

Much probably. If they does, what would be the scenarios inside their trading platforms if those bot are being distributed around and more traders
or all traders are using it.

Can't imagine how things will work that way, It's better for them to use their own algo and keep it.

In the sense of exchange using bot, we all notice that especially within small
exchange where manipulated market are ongoing.

Trading bot is useful if you use scalping trading because it is just an AI, it is movement price will only depend on the technical analyst. But if there is an information come your trading bot will never be usefull.

I alwasy try to avoid using trading in my all day trading. I just afraid I will alwasy be subjected with this tool that only give a chance to gain money around 30%. Also, you will be wrong if all your entry depend on this tool because you'll be lose all your money.

And I don't think Binance will agree that their trading bot is garbage. Or is there really trading bot exclusively owned by Binance? I don't think so. And it is up to the trader how he will fully utilize the capability of the bot. Also, the OP might be talking about 3rd party trading bot, because there are 3rd party cloud software platforms that you can use like in BNB, Bittrex and others.

And if the OP is not satisfied using the trading bot that he is using, just do the manual trading and see for yourself how far you can get by. Maybe you will have better results if you manually do your trading and not rely to a bot. If you are a beginner, it is better to do your own trading to understand what's happening in the crypto market. Crypto is bit complex to understand particularly those pump and dump coins or other coins that have no actual usage but relying on traders.

My friend have created a Trading Bot for Binance on telegram, the bot sends trading signals: https://t.me/coingurufree

I'm sure the people who mention trading bots are garbage are the ones who suffer a loss when using trading bots.
It is not recommended for newbies to use trading bots, because the risk is very large. Even the worst that will happen
is the possibility of losing all the capital we have. Therefore manual trading is still the best choice for trading.

I also agree with you that trading boats can never be a good medium for newcomers, newcomers will definitely make a mistake if they use trading boats but trading boats should be used only if you have some doubts. Otherwise, if you only trade for profit you are much more likely to lose which you may later blame yourself for.

Well if that is the case and you're not using those bots yourself and are only using them to try to learn how to trade then you need to understand that for the most part bots are never going to be as good as people when it comes to trading the markets and if you are able to obtain profits on your own then for the most part you do not need to use a bot, but if in the future you feel the need to use a bot in order to automate some of your trades then it is a better idea that you could your own bot.

Bots are just indeed for automation of trades but people do always have that belief or perception that these things can make out money for them without even realizing that these are just tools
and do needs to be set by the trader itself.Most are already set-up but for users that dont have knowledge would really be having that question mark on his mind on how the hell these bots do work.
When you do have knowledge then you can simply alter those settings and change it up according to your likes if you do saw that theres something happening in the market where you do change
up on how bots work on a specific situation.Bots are garbage if you dont know on how to use or utilize it.

I was on that thinking before and I find it wrong. It can't be that bots or any trading will make you profitable in trading but it's YOU who did it. It is something we need to understand and for those whose coming to become a trader. We didn't just rely on this thing coz we are just to fail if that so.

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@OP, It wasn't the bots you have a need to complain but first, consider yourself out of it. Some bots did it right but it was wrongly used by its users then the result will be opposite, this is probably what it happens to you. You better check it.

In your opinion, people who do not use trading bots, but know about their effectiveness from others, cannot consider them garbage? I have not yet met a person on the forum who would openly talk about the effectiveness of a bot, which in turn would in fact be effective over a long distance. It is not necessary to suffer losses in order to have an opinion about bots, it is enough to look at their statistics for at least half a year.

There are certain people who are trying to convince me of the opposite, explaining the effectiveness of a trading bot by the fact that the program performs any analysis much faster and better than an ordinary trader. But for some reason I always remember negative reviews about trading bots on the forum. That is why I have never used a trading bot personally, but since the Binance trading exchange is one of the best, the question of the quality of a trading bot is really relevant.

I think so binance trading bot garbage when you going some wrong step properly or mistake analysis fundamental and technical analysis, Trading can be a source of frustration for you if you can't manage trading in court or come up with potential ideas. binance trading bot is important to learn to manage the bot before using binance trading bot.

Who says that trading bot are really good in trading?
I must say that based on my experience in trading, I prefer to not rely on those existing trading bots.

I don't see it profitable for me, and if you are telling that Binance trading bots are garbage then maybe it is not for you. Instead of using them, it is much better if you will push yourself to study and learn about manual trading that will help you understand how trading actually works. Trading bots are far different from actual trading because you have full control of your assets while in trading bots, you will just set a strategy and that's it.

Its not really that not profitable because all things will vary on the market movement.There are already bots which had been modified for a specific market condition and its been set up
by traders or its creators itself which basically means that it is an automation of trades in behalf of you.People do always had that misconception towards bot which isnt really true.
You can say its garbage if you do expect on it too much on where it can make money which is really wrong and you will surely realize that in the end when you do see
that nothing do works on what you had expected.Better to trade manually rather than heavily relying into these bots.

Exactly, bots do not generate profits on their own what they do is to follow the strategy you have coded in them and follow it in a perfect way without deviating from it, if you did a good job with the bot then you get profits if you did not then you lose money, and as long there was no bug or mistake in the code of your bot then your profits and losses come directly from how effective your strategy really is, so this notion that bots bring profits or losses on their own is ridiculous, the one that wins or losses is always the trader behind the bot.

There are people who complaining because of the trading bots and it is the problem because they are just depending on it. Do not treat trading bots as a sure profit because there is no trading bot that existing like that. Instead of complaining, it is better to think a way in order to become profitable in trading. I really do not trust trading bots, did you see any successful traders that are using it? Of course none right because all of them are trading by their selves.

The very wrong impressions by most traders who did not really to the research before using such tool.
A bot still relies from how the users program them no special skills but everything depends from the
user itself and the bot will execute.


Never. It will be a good tool if you really understand the flow inside the market, if you have knowledge
and good skills to anticipate, then let the bot deal with what to intend to do without watching the market.


All ends with your own research, you'll find good decision making and you'll be able to make your
bot very useful to your everyday trade.


We never know for sure, maybe there are traders who also use this tool,  they know how to
configure it and know how to execute the right way.

Just reading first and last page and I think we're confusing bots with strategies here. Bots = a script that automates trading, triggering order events and closing positions or opening new ones according to instructions pre-determined by the user.

So a bad bot is just one that doesn't follow instructions properly, a good one does so quickly and accurately -- coding is what sets bots apart.

Profit relies not on the bot but on the strategy (or if you're me, dumb luck).

Actually, many people misunderstand trading bots, many people think trading bots can provide passive income.
Even though in fact trading bots depends on the ability of users to set up these bots, because trading bots does
not run automatically. So it's better to do manual trading is much better than using trading bots.

People havent realize this one and you are perfectly right on what you had said where there's a confusion on whats a bot all about.Majority do believe that this one can really make money
but as said these are just scripts that automate trading that had been set up by the user itself.It do indeed matter with coding and thats why we do able to see lots of bots in the market
with specific kind of strategy based up on market movements.Its a garbage? then its not that something new because not all the these times these bots will really be profitable.

People deceived on others opinions and promotion just because they thought they can have "passive income" through using it. It is their fault to fall in that kind of trick because it is just indicating that they have wrong mindset about trading. Actually there is no passive income in trading and they should be aware of it because it is a game of possibilities but you can consistently earning through it by having a proper plan and good discipline.

Strategies plays a big role in the life of bots, that is why people got carried away in between there, because if you have a bot you have to have a strategy, why? Because you can't just tell a bot to go make money, it doesn't work like that, bots do not have their own brains and they require you to give them a strategy to what to do and they will follow that 7/24 so that you can trade while you are asleep.

Obviously this is not something that is forever, because strategies change and what works today may not work tomorrow so you have to keep update it. In short strategies are things that we feed to bots to make us money, so it means that strategies are not stuff that is useless or irrelevant on this topic, they matter as well since we need to decide on a strategy that our bot will work on.

It depends on the experience of the bot user. some bots are not good for some but profitable for those who understand it. It is important that you have enough knowledge to re-analyze what the bot has analyzed or not, this is very important and it affects your trade results a lot.
But best of all, we should still invest in our own people to get hands-on experience, then trade without any bots.

I think that people buy a bot to help with their decisions in crypto trading, but tend to not double check the bots. Its just easier to fully trust a system and then blame the system if something goes wrong. I used to work for an investment firm that sold a fully automated system, similar to black box that just did all the trading for you. Marketing wise we used to check all the parameters and ended using only the most favourable inputs. Without checking yourself you are at the mercy of someone else.

In the sense of managing your investment properly doing it in a traditional ways is much better, many already gave their own opinions
about using this tools and it's clear enough that bot only works from how the  users encode their target output from the system.
This works for traders who have long experienced inside this market, people who knows to calculate and anticipate what market may bring  them, the bot helps them to triggered their targets so even they are not watching the market bot will be the one that will work for them.

I think this is an important distinction, a good bot will follow the instructions that you have coded in it perfectly without any mistakes, however this bot is not at fault if the user puts a losing strategy in the code, for the most part that is the responsibility of the traders himself, even if some bots come with a default strategy it is obvious that such a strategy cannot be too successful as thousands or even tens of thousands use the very same strategy and this diminishes the effectivness the bot will have.

If you are just talking about binance exchange then you probably wrong. Cause binance is the finest exchange at this moment. If you are not comfort with binance then you'll not find it any other places.
And if you are just frustrating because of bot then i can agree with that thing. Bot trading is not a good choice in my opinion. Cause soon or later you'll find out how it badly impact on you assets. That's why i don't recommend to use bot for trade.

Trading is not so easy that a bot will be able to earn huge money for you. You should use your own brain on it. Try to apply your own tragedy on trading.

Success wont really rely on bots but these are indeed useful tools but people does really have a different approach towards this thing on where they do treat it just some sort of fast way on earning profits
but it doesnt really work that way.Manual trading is always preferable but there are really scenarios or times that we do need to use up some bots for automation specially if we are some sort of busy or away from
our computer.It isnt garbage actually but people who do believe that they do function out on whats inside into their heads which is the bullshit thing that someone could think of.

Completely agree. Bots are not something you should rely on when trading and they will not help you get profit. To my opinion trading bots are useless and without your hard work, experience and good risk assessment you will not become successful trader. So, bots can be used only for fun but not for serious trading.

And Binance has nothing to do with the performance of your trading bot. It is up to the trader what kind of performance he will get from his trading bot. I don't know if the OP is just ignorant or just trash talking binance? Because users here are not dumb to just believe what has been said by anyone without basis. Yes, a lot of these users thought that trading bots will make them instant rich without effort and skills applied.

Don't expect too much that trading bots will help you earn outstanding profits because trading bots can't outperform the crypto market that it is made for managing your portfolios while you are away. Automated trading bots are not reliable and efficient, that is why manual trading is still an effective way to make high profits.

At the first place why using bots? Just try to learn different things in trading, read some latest news in twitter and in telegram it will be a lot easier for us if we will learn everything and will not depend on some bots, it will help you soon to be a better trader and also, the feeling of correct prediction using your skills and knowledge is better than anything else, so I would not advise that one.

I personally couldn't handle any sort of bitcoin trading bot these days because right now everyone is making profit so people who owns bots try to make it look like their bot is awesome but in reality people who do manual trading makes a profit right now as well, there is really nothing too serious about making a profit nowadays, bots are not special in that kind of way. Do you know when I will really think bots are cool?

When bots could make a profit or at least not create tons of bags during the bear moments, that is when I think they will actually be worthy of purchase and a test. I have used so many of them so far and I can tell you that none of them were the things I imagined they would be, they were all predictable and boring machines that does what I tell them, which is what I would do during manual trading.

I really understand that a good trading bot program will in any case make the technical analysis of the market several times better than me, and therefore the bot has a better chance of getting good results from trading than me. But I still have a very big distrust of such programs. In addition, if you already pay money for a trading bot, then you want to be sure of its performance, but for some reason only negative reviews always sound.

I have previously had an unsuccessful experience of using a bot for trading. For myself, I explained the reason for the unsuccessful trade in two point:
- I didn't set up the bot correctly
- the bot is not suitable for working in a bear market.
I don't want to go back to working with bots again, because I'm already used to trading manually.

Currently there are lots of trading bots that can be used on Binance exchange, but if you experience losses after using trading bots there are
several possibilities. That doesn't mean trading bots are garbage, the first thing is you don't set it up properly. This is  a possible cause which
most often happens when you fail to use trading bots, keep in mind that trading bots don't make you have passive income. The next reason
you use trading bots in the long run and forget to do updates, this is the next reason you lose money. It is a little complicated using trading bots,
my advice is to trade manually. Besides your trading skills will increase, the risk is much smaller.

I actually son't have any believe on trading bot .If you want to success on trading you have to study more and spend much time on market .A automatic will not give you profit all the time what you want .Try to learn from your mistake

You can still be a successful trader even using bots. Use bots traders still need experience about trading.
As I have said several times, I do not use bots in trading, I have tried but experienced a few problems in operating them until I finally chose the conventional method.

We should focus on manual trading instead of complaining on the service of the trading bots that are providing. I also believe that experiences are important and it is the reason why we should manual trading and avoid using trading bots. I'm not a hater of trading bots but I just telling that it can make as weak and also vulnerable to losses. Instead of finding the best trading bots, we should focus on ourselves on how we will make our trading journey to become successful. knowledge can gain through experiences, we cannot get experiences from just using trading bots and for me manual trading is still the best even if there are some who are making through trading bots.

Trading bots can be very reliable and efficient but the problem is that those are secondary characteristics, the one that everyone is looking for is that the trading bot is profitable and for that you need a strategy that you know 100% will produce profits in that is not an easy feat at all, this is why I have always thought that if you want to use a bot then you need to be capable of coding the bot yourself and if you cannot do that then you have no business using a bot to try to trade the markets.

South Park, you are absolutely right. Learning trading is not some sort of rocket science. You just need to involve your brain cells and figure out how market is moving. But, you know, people like to take short cuts, whatever it costs.

Experts use bots so yes . you can't use bots if you don't know how to trade so yes again you must learn first .  Bots can make a traders life easier but they can be hard to learn or configure at first  . Difficulty do also depend on the type of bot or on the exchange that you are using  .

It's fine if you don't use bots if you just a casual trader but if you want to do trading to the next level  , bots are recommended

Aren't they aware of the danger for taking the short cuts? I mean it's always dangerous to take the short cuts if you don't know where it will lead you. All I'm saying is to at least learn something first before taking that short cuts just like using that bots. It's not a plug-and-play that because you bought/use it—it doesn't mean you will basically going earn a profit already. There's a process of doing that and the more you learn about it the more it's easy for you to understand and to execute the bots on how your trading goes well.

Those trading bots that you are reffering to aren't created by binance. They were created by third parties. And these bots will not make you profit even in the long run. In fact, the longer you use these bots, the more money that you will lose. They were good at the middle part as what I am hearing. But in the long run... they are all garbage. It's better to use technical analytic skills on trading.

that's what i wanted to say also. the OP i guess is misinformed by these trading bots. and it is up to the trader what bot will you use. and the exchange is not responsible in choosing your trading bot. so if you use crap trading bot obviously you will get crap results also. and remember, most of them are really crap! better use your trading skills and experience, if you are capable of. but if you dont have those, just forget the trading. and dont blame others for your shortcomings.

Common mistake on where people do really believe on and the fact that people do continuing on believing such stuff even if it doesnt work that way.They are just too lazy to do the hard work thats why they do end up
into these presumptions which are totally wrong.

They do trying or force things to work but once reality slap out their faces then thats the time they do talk about negative about it like its a piece of trash or garbage without even realizing into those things
that had spit out into their mouths.

Bots are for automation but people do always have the wrong impression towards it.

Exactly. Bots are just tools not the means. You need to modify it according to your strategy and no strategy would work good in all the circumstances. You should predict the market for next week, next month or next year and modify your bot accordingly. Which way do you believe the prices are going to move and what currency are you going to have when the change in market arrives would define the nature of your bot. Bots are not garbage but you can make one.