AI Trading Bots for Cryptocurrency: A Comprehensive Guide

While both systematic and discretionary trading have their merits, AI-driven trading bots introduce several unique benefits:

• Algorithms remove many of the human flaws present in discretionary trading. They are consistent, data-driven, do not have emotions, do not sleep, and can monitor multiple markets simultaneously without missing key moments. 

• AI means that algorithms may be able to do the job of a discretionary trader and more, by examining historical data to generate and backtest strategies, while also being able to learn adaptively by reviewing performance. AI is able to do this because it excels at crunching the numbers on large data sets and identifying outliers. 

• Regular algorithms can execute trades much faster than their human counterparts. AI-driven bots are therefore not only faster, but they may be able to use multiple streams of information to respond intelligently to major market events.