crypto trading bot
- Thread starter Goldlover
- Start date
Determine how much control, if any, you have over your capital.
If the bot worked they wouldn't need to sell it.
That will never happen with something that works.
Generally yes, but sometimes there is a bigger picture-
what is a bigger picture? If all signal sellers and Bot sellers and Trading seminar sellers were so good at it they will make millions by using it! A functional bot like for automation "Tool box" is a different thing and a Black Box Bot /EA marketed as a Magic Bullet is a diff thing !
There's another problem with crypto bots. Markets are manipulated by exchanges, specially the ones that are paired to Tether. Markets are not fair to the trader. You develop a bot that works on paper with a great backtest and then you see an uptrend pumped by fake money for months. There's no bot that can handle that kind of manipulation.
Just look at the price of BTC on Binace USD.
https://www.binance.us/spot-trade/btc_usd
And search for the price on Google Finance.
https://www.google.com/finance/quote/BTC-USD
There's no way that a price like that would stay that low on Binance US, arbitrage traders would take advantage of it on any other market. The exchange keep it low to get USD from Americans.
Just look at the price of BTC on Binace USD.
https://www.binance.us/spot-trade/btc_usd
And search for the price on Google Finance.
https://www.google.com/finance/quote/BTC-USD
There's no way that a price like that would stay that low on Binance US, arbitrage traders would take advantage of it on any other market. The exchange keep it low to get USD from Americans.
Markets are manipulated by exchanges assuming that is true why would anybody in their wisdom trade on such an exchange! no wonder these exchanges are in tinpot jurisdctions!
Everything is manipulated in life, if you don't accept this you are destined to fail no matter how hard you work.
Prop trading, prop mentoring, arb prop trading, arb mentoring, if that is the providers business then those bots will fail, if the providers business is something bigger then they likely will not fail.
If a system was designed to manage $1bn AUM but only deploy $1mill yet produce the same returns on an exponential curve it avoids all market volatility.
If you then took that same system $1,000 that would become $1mill via prop trading if everything was done correctly, but that last part needs the training.
Prop trading has a 92% failure rate when it is the providers business, when it is a small part of the providers business the failure rate becomes 8%, inverted.
If you look at Dennis Turtles that was the exact failure rate they had, this is how it works.
Prop trading, prop mentoring, arb prop trading, arb mentoring, if that is the providers business then those bots will fail, if the providers business is something bigger then they likely will not fail.
If a system was designed to manage $1bn AUM but only deploy $1mill yet produce the same returns on an exponential curve it avoids all market volatility.
If you then took that same system $1,000 that would become $1mill via prop trading if everything was done correctly, but that last part needs the training.
Prop trading has a 92% failure rate when it is the providers business, when it is a small part of the providers business the failure rate becomes 8%, inverted.
If you look at Dennis Turtles that was the exact failure rate they had, this is how it works.
But is does not work. Which means that showing it would confirm the scam. So there are two arguments why it will never been shown.
It is really hilarious how people are so brainwashed by the crypto scam.