I have a few buddies using a bot from Crypto Profit Bot (https://cryptoprofitbot.com) and they definitely make profits. Sorta varies though depending on the strategies used.
I played around with this late last year and was able to tune my bot to anywhere from 4% on up. Some trades were ridiculous with 20% or 30% when the bot caught the pumps. Of course, 4% means I was not scalping (a lot of people prefer just 1%-2% on trades) and was in it longer term; trades usually lasted days or longer.
I was with a bot group last year and there were guys that made well over $100k. But, that's all they did, they just had to babysit it and adjust the settings. Too labor intensive for me..
There is an add-on on CPB called Feeder which is pretty cool. It looks at the market and adjusts the settings of the bot it works with (Profit Trailer). It can get a bit complicated tho..
Anyway, this is still an interesting space. I turned my bots off in Feb when things started going south, but I'm thinking of starting them back up now that the market's recovering. I have this feeling that we're gonna beat last year, so now is probably a pretty good time.
I have a few buddies using a bot from Crypto Profit Bot (https://cryptoprofitbot.com) and they definitely make profits. Sorta varies though depending on the strategies used.
I played around with this late last year and was able to tune my bot to anywhere from 4% on up. Some trades were ridiculous with 20% or 30% when the bot caught the pumps. Of course, 4% means I was not scalping (a lot of people prefer just 1%-2% on trades) and was in it longer term; trades usually lasted days or longer.
I was with a bot group last year and there were guys that made well over $100k. But, that's all they did, they just had to babysit it and adjust the settings. Too labor intensive for me..
There is an add-on on CPB called Feeder which is pretty cool. It looks at the market and adjusts the settings of the bot it works with (Profit Trailer). It can get a bit complicated tho..
Anyway, this is still an interesting space. I turned my bots off in Feb when things started going south, but I'm thinking of starting them back up now that the market's recovering. I have this feeling that we're gonna beat last year, so now is probably a pretty good time.
Edit: Heh, the CPB guys did an interview on Indie Hackers a few weeks back. Interesting read! https://www.indiehackers.com/interview/8b6064d829