Hello everyone.
Recently I became interested in the topic of trading bots, so I decided to study the information about it. After reading several articles, I realized that there are many different opinions and therefore it is very difficult to decide for myself whether to use bots well or badly.
So I decided to try a few bots. I drew attention to the bot announcement from NWC. I think it's better to use software from a well-known company. This gives more confidence in a good result. As far as I understand, a bot for testing on historical data uses certain algorithms to automatically detect the most important patterns on the charts.
However, is it possible that, in addition to simply detecting patterns, the bot also calculates the technical price target and looks at how many patterns reach it, so that the percentage of success of the trade can be determined?
How do you feel about trading bots? Have you ever used it and can you advise something about this?
I'm never use a trading bot btw, my reason is trading bot doesn't guarantee my profits and some of them are only a joke. It's better to build our skills rather than depending on a bot, in my place some people made a fake trading bot and guarantee big return from what they invest people who understand wont easily get fooled.