I honestly have not tried any trading bot on Binance, whether it be one that belong to a third party, or to Binance itself, and this is because the first and last time I tried trading with a bot on kucoin exchange, I was burnt, so bad that it left a very bitter taste in my mouth, maybe it was as a result of me not knowing how to fully set up the bot to function properly, but I just know that I lost a lot of money, and since then, I swore never to trade using a bot again.
This happened in 2022 though, thats a long time really and I've completely gotten over the experience, so, maybe it's time to try again 😁, lol, I will take a look at the Binance bot, study it carefully, possibly watch some videos on YouTube on how to set it up, and hopefully will share my experience here when done.
It's true that bots can burn out all our money if we done't set it up properly and if we do not actively monitor the progress of the bot.
It's necessary for us to know how it works and only then we can make it earn money for us but that's the difficult part.
Some people who are lazy like me at times just activate the readily available bots from binance.
I did it once and ended up in no profit no loss after a few days and quit it. I have learnt that HODLing is best for me.