Binance trading bots are garbage

[Ridwan Fauzi]

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

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.

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[Spaffin]

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

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.

[Alanin]

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

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.

[spike420211]

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.

[South Park]

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

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.

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.

[milewilda]

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.

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.

[Ifemini]

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

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.

[el kaka22]

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.

[South Park]

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

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.

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.

[Leo]

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

[Oilacris]

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.

[BuNga_cute]

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.

[chaser15]

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.

[maxreish]

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?

[Latviand]

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.

That why they end up getting disappointed by the bot results.

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.

[Bitstar_coin]

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.

[Anonylz]

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.

[slaman29]

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.

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.

[NotATether]

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.

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).

[Itsmylife]

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.

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?