#BotOrNot My Experience After Running Binance’s Trading Bot for 3 Days
I decided to test Binance’s trading bot by investing $200. I set it to follow technical analysis on BNB, using resistance and support levels based on the past seven days. The bot was configured to buy when the price dropped by 0.23% and sell when it rose by 0.28%.
Over three days, the bot completed 22 trades, resulting in a total profit of just two cents.
For comparison, if I had simply held BNB for two days, I would have lost $2 instead—technically making the bot a better option, but the profit is negligible. The bot also requires frequent adjustments, and in fast-moving markets, it can easily fall outside its set parameters. In the event of a major bull run or crash, such price swings would likely make the bot ineffective.