Based on these 3 very simple and basic features of bot trading, you can see that between theory and practice, there will be a GAP. If you read the courses, you know that the gap is coming from slippage, fees and delay in API.
Any bot software, any bot program, any bot tool, any bot website or algo out there: the less information you see/have, the more GAPs you will experience. This means the 1% a day you were targeting (or sold), will be more like 0.5% a day. And then the market will dump because of FUD, and you will get one major loss, your 0.5% for 29 days in a row becomes a loss on the 30th dump day.
In this journey of you learning about it, you must understand where each cent is going. Therefore the more you learn, the more you can understand the effect of slippage, the amount of fees incurred, and what delay you observed.
Most platforms won’t allow you to look under the hood. 3commas is alright but limited (great to start though). Once you are ready to look under the hood, check out Alertatron.
Me, I track what my theoretical algo profit/loss should be and I compare it with my actually profit/loss, to understand where the money is.
Let’s keep going.
The next features are features you can find in addition to the first 3.