Algorithmic Crypto trading bots are computer programs that generate and submit buy and sell orders to exchanges based on predefined trading rules. For example, a very simple trading bot could be set up to sell ETH when the cryptocurrency's price reaches a certain level.
Ultimately, this usually increases your profits, reduces your risks, and limits your losses in trading. Additionally, bots can generate passive income 24 hours a day. You can profit from automated trading by eating, riding a bike, giving a presentation, or doing something else. Simply put, cryptocurrency trading bots allow trading based on data and patterns rather than emotional intuition.