#BotOrNot My Experience with Trading Bots: Pros & Cons

I decided to test a trading bot by investing $200 in BNB, using a manual setup to control its strategy. I let it run for over three weeks, expecting consistent profits.

Initially, I saw small gains, but eventually, I ended up with a significant loss due to market fluctuations. This made me realize that if I had manually traded using scalping strategies, I could have generated better profits with more control.

Pros of Using a Trading Bot:

✅ Works Well in a Ranging Market: Bots perform efficiently when the price moves within a predictable range.

✅ Automates Trading: It removes emotional decision-making and operates 24/7.

✅ Good for Passive Traders: Useful for those who don’t want to monitor charts constantly.

Cons of Using a Trading Bot:

❌ Struggles in High Volatility: Bots fail during extreme market swings, crashes, or sudden price spikes.

❌ Lack of Adaptability: They follow a fixed strategy and can’t react to news events or unexpected trends.

❌ Risk of Losses: Without proper setup, bots can lead to huge losses instead of consistent profits.

Final Verdict:

Bots can be useful in stable markets but are not reliable for highly volatile conditions. For active traders, manual scalping and strategy-based trading often provide better results.