Crypto Market Trading Bots

Getting a grip on trading bots can be tricky. Setting one up and reliably making profits is even tougher. But trust me, I've seen it work. I’m not here to sell you anything or push you to use bots. The truth is, not everyone can automate a strategy and find that sweet spot between profit and risk. You’ll often hear people say things like "let’s not go there, bots don’t make money" or "only the creators profit from bots." Those views didn’t come from nowhere; there’s a reason behind them. Money attracts scams. The info I’m sharing here should help you tell the good from the bad. I’ll keep it straightforward, but just so you know, this topic isn’t for everyone. Here’s what you should do: 1. Get familiar with the language we’re using 2. Learn what trading bots actually are 3. Understand their different types 4. Realize that there’s no fully automated public strategy out there Just like how no strategy guarantees profits in both bear and bull markets. If someone offers you a bot that promises consistent returns, make sure to check the fine print, read reviews on forums, and dive into the strategy behind it (most are based on just one indicator kind of like using a 10-word vocabulary). These deals usually come with hidden conditions or are just your typical Ponzi schemes. No strategy that relies on 1-2 indicators will give you stable profits. Plus, there's always a chance you could end up in the red. The absence of insurance and DCA means you won’t have a way to get your positions back to break-even. 5. Brush up on basic technical analysis.

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Just curious. If the bot indeed has all that you have mentioned above, especially that part of a high win probability, then why are you selling it plus its 9 elite strategies for 349? Wouldn't the bot make you way more than that if you used it for a while instead of just selling it or do you want to remind us of those inspirational speakers who will tell you to buy their book talking about how you can be rich

I know this is not a question, but let me answer it. It is because the source of MichaelLevin's money are the people that will buy the bot. This is very common in trading. Signal groups, buying profitable trading guides and others are just like this. They are all scammers looking for people to scam. Some people are ignorant of it and get scammed.

Of all trading bots ever invented or introduced, there hadn't been anyone whose developers or marketers are bold enough to say it's a reliable tool to keep users profitable with guarantees. While Op may confess that he doesn't mean to advertise the company with his reason of this post should even cause us to be more skeptic because the hypes about the bot being capitalized on here feels more like there's an ulterior motive which goal is centered for the bots developers and their teams interests. So if not advertisement what else is the senses of bringing this discussion here? I'm referring to the Op.

It may be beyond advertisement. It is for advertisement if the OP does not have hidden plans than marketing it and earn money from it while people may lose with it. It can go to the extent that they will do it in a way that malware will be used to infect their victims computer. I have read about this before and it has happened to many people which has been the reason I have posted several times on this forum against it for people to avoid trading bots. These people are not reputed on this forum.

I just advise you, if you want to trade in the crypto market, do it with the knowledge you have, it's better than using a trading bot which can promise big and definite profits. Likewise with API permissions, don't be careless and trust third parties to provide permission, you will experience major disasters in crypto trading. You need to know that outside and in crypto trading, there are currently so many fake trading bots that are designed to kill you secretly, you need to be aware of the main risks regarding the use of trading bots. Technical errors, fraud, fake bots can lead you to the deepest loss, remember that most trading bots operate based on fixed algorithms, so be careful using bots in the market like now and also when you know fundamental news. Not all bots work well as you say, sometimes failure to adapt can lead you to a dangerous cliff.

With the AI getting bigger, we are seeing a lot of people who try to machine learning their way into building an AI agent who will trade for them and get the mrich. But the idea is simple enough that you are not going to actually make it work. If it was easy to feed a software enough information about the market, and just trade basedo n that, then we would all do it, and it would be so simple. You just give all indicators and charts and historical prices and patterns, and it will calculate from there, based on what happened in the past and how market reacted and what will happen next. If it was that simple of course, it's not, that's why it's not working so far.

Actually, the OP seems use another account to promote the site. The first response from this thread is obviously his alt account. About the bots, they most likely have backdoors or are infected; I don't use them except for a few free bots with open-source code like Gekko and Zenbot, but I tested them only for backtesting strategies and use their paper money to test my skill in real-time prices. I am more comfortable investing in copy trading than in any bot, but in copy trading, it still depends on the skill of who you copy.

I do not like copy trading. Do you make money from it? I have a friend that said he copied someone that is making money from trading, but all of a sudden the person lost money and he copied it. My friend lost money to it also. Another thing I noticed about it is that you can be copying someone that has been making money since, but started copying him and losing money, but just only part of the profit of the trader (people are copying) lost. If anyone does not know how to trade profitably, I will advise the person to just hold instead.

Well, I made some; even I invested a small amount, but I don't just randomly choose lead traders. I check their trading history and check what strategy they focus on. If you just randomly follow a lead trader and are attracted too much to their high P&L and ROI, you might end up choosing a trader who doesn't care about using SL. I saw many of them; it's supposed to be the number 1 rule, but I don't know how lucky they are. No SL, but they can make a positive P&L? I don't have any active copy trading right now because the lead traders haven't made any trades yet. I'm not sure what conditions he's waiting for before entering, but he mentioned that he focuses on trending markets and that his strategy is EMA 50/200 cross with some conditions, I think, but lately he didn't entry. We both have the same strategy, honestly, but I know the lead trader had better insight on the market than me. I know they are making a commission of 10% on OKX, but it's a small amount in exchange for not monitoring the market because instead of using a bot to automate things when you sleep I choose copy trading instead so that I don't miss those trades when I'm away from the monitor.