Legit trading bots: reality or fantasy?

Golden Phoenix

Junior Member

Jan 25, 2019

115

21

• Feb 9, 2019
• Thread Starter Thread Starter

• #21

Well, technically the bot is legit, at least for a week. Currently, the trading bot tech is not smart and adaptive enough to follows the market trend. Who knows what's gonna happens in the future tho. Automation will decimate many conventional jobs all over the globe.

 

P

precrime3

Regular Member

Jan 2, 2019

299

55

• Feb 9, 2019

• #22

Check out a bot called Gunther trading bot. It's crypto. I have been using it for several years now. there's a huge thread on BTT (bitcointalk).

PM me if you have any questions

 

superbogel

Newbie

Nov 22, 2017

30

4

• Feb 10, 2021

• #23

Hi I have been trying to play binary for 2 or 3weeks now but mostly lost and not sure how it will turn out, and yes I agree bots seems like a scam

 

SEOMadHatter

Elite Member

Aug 15, 2015

1,808

2,470

• Feb 10, 2021

• #24

There's big money in high-frequency trading handled by bots. There are absolutely profitable bots out there but they're not being sold for $97 or whatever.

There are plenty of good tools out there for automating trading but it's the actual trading strategy that gives you the edge and if you can automate a strategy there's no reason to sell it.

 

T

twinturbo90

Regular Member

Jun 14, 2019

322

123

• Feb 11, 2021

• #25

You don’t need to program a bot anymore. Some platforms allow you to follow certain traders moves. Others allow you to use their bots.
I’ve seen crypto, forex and stock. Only using crypto and stock so far.

 

kasak100

Junior Member

Mar 4, 2018

114

65

• Feb 11, 2021

• #26

Golden Phoenix said:

I've read a lot of reviews about trading bots, be it for Forex, Binary options or Crypto trading. Sadly, most of them are scam. My question is: is there "legit" trading bot out there? Thanks in advance.

Click to expand...

I do think that there are trading bots out there that are able to generate good profit but those are reserved to banks and hedgefunds. Developing a bot like that costs hundrets of millions of dollars. The people capable of creating such a program would never make it available to the public.