Why crypto bot australia .....
Some common reasons why crypto bots do not do well would include:
the selected platforms or exchanges have commissions or fees that will work against you on volume trades. Running bots on Coinbase would likely be a losing proposition; simply because of fees (this is particularly true for arbitrage bots)
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the bots are using the wrong strategies for the current trading environment. I’m not sure what provider you are using (ie 3Commas, Bitsgap, KuCoin etc) or whether you programmed your own bot, but grid or mean reversion strategies won’t work well in trending environments, and trend strategies may not work well for consolidating markets.
the bot’s strategy has not been properly tested both back and forward testing. Even though it’s a pain, it’s important to not only backtest, but to run the bot in a simulated environment over time in a real world trading situation.
There are plenty of other reasons why crypto bots fail, but these 3 are likely the best place to start. Good luck!
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