Cryptocurrency Q&A Do bots really work in trading?

Do bots really work in trading?

Sara Sara Wed Jan 15 2025 | 6 answers 1116
I've heard a lot about Trading Bots and their potential in automating trades, but I'm skeptical. Do these bots really work as advertised, or are they just a gimmick? I'm curious to know if anyone has had success with them or if they're mostly just hype. Do bots really work in trading?

6 answers

GeishaGrace GeishaGrace Fri Jan 17 2025
Many automated Trading Bots encounter failures due to numerous factors.

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emma_rose_activist emma_rose_activist Thu Jan 16 2025
Over-optimization is a common issue that leads to their downfall.

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EclipseRider EclipseRider Thu Jan 16 2025
One type of effective bot is one that you build yourself, ensuring it aligns with your strategy.

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Claudio Claudio Thu Jan 16 2025
Poor instructions or configurations can also Render them ineffective.

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Chloe_thompson_artist Chloe_thompson_artist Thu Jan 16 2025
Fraudulent bots exist, further complicating the landscape.

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