#BotOrNot My 3-Day Experiment with Binance’s Trading Bot

Discussion:

I decided to test Binance’s built-in trading bot by investing $200. I set it up to trade BNB using basic technical analysis, with resistance and support levels based on the past seven days. The bot was configured to buy if the price dropped by 0.23% and sell after a 0.28% increase.

Over the course of three days, the bot made 22 trades. The result? A profit of just $0.02.

Interestingly, if I had just bought and held BNB over the same period, I would’ve been down around $2. So, in that sense, the bot did technically perform better. Still, a two-cent gain is hardly worth the effort.

Another issue: the bot isn’t truly “set and forget.” It needs frequent tweaking, and in a volatile market, its parameters can quickly become irrelevant. During a real bull run or crash, the bot would likely struggle to keep up with rapid price swings.

Conclusion: Promising in theory, but underwhelming in practice.

#BotOrNot