Guides · Easy money, trading and scams: the truth
Automated trading bots: scam or real solution?
In short: Real algorithms exist, but those sold to individuals with guaranteed gains are very often scams or products with no verifiable results. A bot that truly made money would not be sold for $99.
What a bot does
It automatically applies buy and sell rules. If the rules are bad, it loses money faster and without emotions.
The backtest trap
It is easy to build a rule that would have won in the past: you tweak it until the curve looks great. The radar does the opposite: it tests its AIs on years they never saw and publishes its failures.
The radar's mini-robots
The site publicly runs several mini-robots with virtual money to show, without cheating, what simple strategies give in real life.