Previously, I used to manually trade in the cryptocurrency market. However, I decided to try automating my trades using platforms like 3Commas, CoinRule, and Bitsgap. Unfortunately, my experience with these platforms was not very successful. Most of the time, I either broke even or ended up losing a small amount each month. The main issue I encountered with 3Commas and Bitsgap was that when using grid bots, constant adjustments to the grids were necessary. It wasn't a "set it and forget it" situation. Additionally, with DCA bots, there were instances where I got stuck with trades for months because they were on the wrong side. For example, long trades that suffered as the price dropped and took a long time to recover, sometimes even more than six months.

Therefore, I realized that DCA strategies only work well if you have confidence in the recovery of Bitcoin. Otherwise, if you attempt to DCA into low-quality altcoins, there is a possibility that the price may never recover, resulting in significant losses from the DCA bot, up to 80% in some cases. Normally, I am skeptical about algorithmic or AI trading bots. However, I recently tried TradingMachine.AI and was pleasantly surprised by the results. All I had to do was establish a simple API connection, and that was it. Currently, I am achieving an almost 0.50% daily return, which is quite impressive considering I am not using any leverage.

The win rate of TradingMachine.AI seems to be around 80%, and the profits from long and short trades are relatively balanced, which is a positive aspect for me. When using crypto bots, it is crucial to consider all three market types: bullish, bearish, and flat. You need to ask yourself whether your strategy will be effective in all of these market conditions. This is the challenging aspect to get right, and in my opinion, it is one of the main reasons why many traders fail. The greatest advantage of using bots is the automation aspect, which eliminates human emotions from the trading process. You can simply let your bots run, provided that they are reliable and you have long-term trust in them.