Will the bot scan the market automatically for profitable trades and then haul them to the right location and sell?

I mean can this bot run 23/7 without babysitting too much like the miner bot, or do i need to do alot of manual work to keep it running?

You need to setup orders at minimum once a day. Twice a day is probably preferable.

You have to setup your own buy and sell orders. The bot can either scan the market for you, allowing you to more easily distinguish between good purchases and bad purchases. Or it can engage in bid wars when you are selling or buying items (.01 ISK down or up depending on other prices).

So you still have to setup the buy order, and setup the sell orders on the items you have gained. The market analyzer and market exporter tool make finding "good" parts of the market alot easier, but it still requires some amount of work. The amount of work required depends on the amount of ISK you want to invest, along with the % profit you are expecting within a given period of time.

Thanks firelog, i had the same question!