The profitability of a trading bot can vary widely depending on several factors, such as the bot’s programming, the market conditions, and the trading strategy employed.
Some bots may be programmed to execute simple strategies, such as buying and selling based on technical indicators
while others may use more complex algorithms and machine learning techniques to identify profitable trades.
On average, a well-designed and properly programmed trading bot can generate anywhere from 1% to 5% in profits per day, depending on the market conditions and the trading strategy employed.
This may not seem like a significant amount, but over time, even small gains can add up to substantial profits.
For example, let’s say a trader is using a trading bot that generates an average profit of 2% per day.
If the trader starts with an initial investment of $10,000, and reinvests their profits each day, after 100 days, their account balance would be approximately $61,000.
This is a significant return on investment, especially considering that the trader did not have to actively manage their trades.