Why use AI trading bots?

If you followed through all the episodes of this discuss, you should know by now a few benefits for using AI trading bots, but you should also know that they aren’t just about automation — they also  give traders a competitive edge by reducing human errors to zero because they optimize strategies, and react faster than any human ever could. Below are a few reasons why they are worth using:

• 24/7 trading 

• Emotion-free trading

• Lightning-fast execution

• Optimized strategies

• Hands-free convenience

• Backtested and data-driven

But while AI trading bots offer major advantages, they’re not risk-free. now let's look at a few.

AI trading bot risks:

Market volatility: Bots follow the rules, not intuition; a sudden price crash can still lead to losses.

Wrong strategy = wrong trades: If you set up a bot poorly, it will execute trades exactly as programmed, even if they’re bad ones.

Over-reliance on automation: No bot is foolproof; market conditions can change unpredictably.

Leverage risks: Futures trading bots use leverage, which amplifies both gains and losses, and liquidation is a real danger.

Exchange downtime: If Bitget experiences downtime, trading bots could malfunction or get stuck in open positions.

Security risks: Though exchange bots run on the platform itself without the need for  API,  always use strong security measures to protect your account.

Are  AI trading bots worth it?

AI trading bots can be valuable if you are aware of how the bots work and the more complex aspects of parameter handling functions. If not, all is not lost as you are always free to choose from the preset bots, which have tried and tested profit levels to their name. Regardless of the bots you use, it is important to follow tutorials usually provided by the exchange offering the bot on how to use It before proceeding. Always do your own research and never invest more than you can afford to lose. 

This is is where this article on what AI trading bots are, the types out there and how to use them ends, please stay tuned for more interesting crypto discussions here on spur protocol.