My Experience Running Binance’s Trading Bot for 3 Days
Discussion:
I decided to test Binance’s trading bot with a $200 investment, configuring it to trade BNB using technical analysis. I set support and resistance levels based on the past seven days and programmed it to buy when the price dropped by 0.23% and sell when it rose by 0.28%.
Over three days, the bot executed 22 trades. The final profit? Just two cents.
If I had simply held BNB for two days instead of using the bot, I would have lost $2. While this might suggest the bot helped minimize losses, the profit margin was negligible. Moreover, the bot requires frequent adjustments, and sudden market movements can push prices outside its set parameters. In a true bull run or market crash, such fluctuations could render the bot ineffective.
