"There are many different kinds of bots to suit different market conditions and individual needs. Different types of bots are known as different strategies.
For example, "scalping" is a strategy for making small but consistent profits in a sideways market. A "scalping bot" would be designed to automatically place the trades required to shave those profits out of the market. Scalping could be the right strategy for a sideways market, but wouldn't be ideal in a more bullish or bearish situation.
So the first challenge is to know which kind of strategy to use at different times. The second challenge is to find a bot which can effectively execute that strategy based on market activity and signals."
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