My First Journey - Binance Trading Bot

[Punxa]

Hello everyone!

This is my very first thread in BHW and today I decided to share my first journey with my own Binance trading bot.
First note: My mother language is not English, so please understand if I wrong in English using. Thank you!

My purpose when write this journey
- Share my ideas
- Keep motivation on this product and journey, my final purpose is to create a money machine, auto make money when I'm stay with my family, drink with my friends...
- I want to hear more from experienced peoples in BHW to contribute more great ideas to help me completed this product


Why I decided to develop this app
- I'm lost 90% my money in crypto trading last year, becaused more reasons: example psychological traps and lack of discipline
- I want to make everything automaticaly, I want this prduct auto make money when I can do other works

My development progress
- About me: I'm Software Developer, my main major is Android Developer, but I can develop iOS app, wordpress, windows app... I love coding very much
- In the first time, this app is developed for Android OS, but after build and test, i realised that Android App not fit with my product roadmap, I want it more than it now. I will develop and update new features here.
- When develop this app, I have many many problems with Binance API and how they accepted an order, buy and sell order, there fees in each order. Each time I debug and create order for test, I will lost some money (a little bit). Binance have there testnet api, but not enough for me, so I decided to buy in official Binance market for test.
- I have build and test about 5 weeks, over 12h a day to completed the very first version of this app. I'm running it in a Windows VPS last night, and develop new feature in parallel.

Main Ideas and Flow of this app
- First, I can config something for app run: budget for each trade, expected profit for each trades, maximum trades I can have at the same time...
- Then, the app will find buy signal every minutes, if have good buy signal, the app will buy with the budget configed above, after buy successfully, they with create sell with a price that matched with my expected profit.
- And the loop with do continously.

Below is captured photo from my app, its running about 16 hours, my total budget is 500U (everything in this app will based with USDT, I called U)

Config screen


General info in home screen


History



​

I put 500USDT to run this app, after 16 hours, it's completed 31 trades and make about 15USDT profit. I will update more

 

[falone]

Good Luck

 

[javadth]

sorry but can i ask whats your native lang ?

 

[kweiss]

sounds cool! What does your bot base trades on? basic indicators or so? Can your bot be used for forex too? I am interested!

 

[Crimemastergogo]

Seems interesting. I would also love to try it

 

[Panther28]

Looks good so far, best of luck that it keeps working, as its definitely looking like a bull market in the medium term, as more countries open up like the wild wild west now. What IDE do you use?

 

[i_am_that_i_am]

Congrats. And good luck with your journey

 

[Techpreneur]

How is it going?

 

[GrowthStrategist]

How is it going?

The only trading bots that really work consistantly are run by billionaires who use quantum AI to manipulate the market

All else will ultimately fail, unless the user has tens of thousands of variables or "if's" that interlap, which would cost $$,$$$,$$$ to code

 

[Techpreneur]

The only trading bots that really work consistantly are run by billionaires who use quantum AI to manipulate the market

All else will ultimately fail, unless the user has tens of thousands of variables or "if's" that interlap, which would cost $$,$$$,$$$ to code

Do you have a solid evidence for your statement?

 

[GrowthStrategist]

Do you have a solid evidence for your statement?

Enough experience in trading to know that bots using statistical indicators like RSI, MAC-D leads to failure, which is what most retail bots are coded on. Gridbots also just buy low and sell high, but they get rekt in trending markets.

Without millions of dollars, good luck coding a bot to base trades on Order Flow, since it needs to be a decision based on a large variable of things in the market - including things that are emotional.

Very difficult to code in market dynamics in a real-time environment.

You CAN make money constantly changing the bot settings daily, but that's not really bot trading if you ask me.

 

[Techpreneur]

Enough experience in trading to know that bots using statistical indicators like RSI, MAC-D leads to failure, which is what most retail bots are coded on. Gridbots also just buy low and sell high, but they get rekt in trending markets.

Without millions of dollars, good luck coding a bot to base trades on Order Flow, since it needs to be a decision based on a large variable of things in the market - including things that are emotional.

You CAN make money constantly changing the bot settings daily, but that's not really bot trading if you ask me.

Okay. But what about building our own bot and optimizing the parameters periodically? is it risky too?

 

[GrowthStrategist]

Okay. But what about building our own bot and optimizing the parameters periodically? is it risky too?

If you have at least 2 years experience in markets, I would say changing parameters periodically is fine if you are trading that way, in the sense to take some workload off.

But I advise to code things in that Order Flow use, such as Delta, Cumulative Delta, Open Interest, Futures Funding Rate, Absorption etc

These are not retail strategies.

Problem with indicators is they are just not good. I learnt that the hard way in my early days of trading.

 

[Panther28]

Okay. But what about building our own bot and optimizing the parameters periodically? is it risky too?

I like to think about BHW as a place where, instead of asking if things work, we interpret what we learn from others, test ourselves, and bring that knowledge back to the forum if we can. You maybe find that you aren't REALLY invested in something that doesn't have your attention enough to think, "I'm going to try that!" regards of what others might say, or initially, it looks like. Pick a few avenues, and you'll come out of them after a while with a great deal of experience to restrict and expand in areas that have a better chance of working than what you tried previously.

 

[SpaceYams]

The only trading bots that really work consistantly are run by billionaires who use quantum AI to manipulate the market

This is gobblygook. Not just on the crypto market but equities, derivatives, etc too. You touch on one benefit crypto has: the order book is completely open. That said, there is zero reason retail cannot play. It's 100% possible to understand order flow, greeks, all sorts of data. Indicators always lag. I find that to be a problem on tiny time frames. I don't fancy myself a HFT. I can't play that game. Yet expand the time horizon and you can find some alpha. Some profit.

Discretionary-wise... I wish I had full ported my account into CS today. I did not sleep well last night so I did not trade today. Had I been on the ball I'd have made my best trade yet. US banks "bailed out" earlier. They recovered. Look at WAL. OFC CS would get treated the same. I knew it. But I was not awake enough to capitalize - to do the risk math, all of that. Ah well. There is always another trade. I'm going to bed soon

Maybe OP will respond, maybe they won't, regardless...... do not be discouraged!

 

[Songhort]

This is gobblygook. Not just on the crypto market but equities, derivatives, etc too. You touch on one benefit crypto has: the order book is completely open. That said, there is zero reason retail cannot play. It's 100% possible to understand order flow, greeks, all sorts of data. Indicators always lag. I find that to be a problem on tiny time frames. I don't fancy myself a HFT. I can't play that game. Yet expand the time horizon and you can find some alpha. Some profit.

Discretionary-wise... I wish I had full ported my account into CS today. I did not sleep well last night so I did not trade today. Had I been on the ball I'd have made my best trade yet. US banks "bailed out" earlier. They recovered. Look at WAL. OFC CS would get treated the same. I knew it. But I was not awake enough to capitalize - to do the risk math, all of that. Ah well. There is always another trade. I'm going to bed soon

Maybe OP will respond, maybe they won't, regardless...... do not be discouraged!

This was not about retail traders, but about retail trading bots, and there I agree with @GrowthStrategist that all the retail trading bots I've seen so far work under certain conditions but wreck you when the conditions change, so you need to babysit them if you want to use them properly.

 

[GrowthStrategist]

You touch on one benefit crypto has: the order book is completely open.

I actually dont take much notice of the Order Book, there is too much Quote Stuffing manipulation in Crypto.

I only really pay attention to orders/liquidity when the order has been there for a very, very long time.

It is useful however, to see what orders ARENT there.. i.e. lack of supply, lack of demand.. but then again, whales can just spam market orders so you got to be careful!

 

[canelo996]

I like to think about BHW as a place where, instead of asking if things work, we interpret what we learn from others, test ourselves, and bring that knowledge back to the forum if we can. You maybe find that you aren't REALLY invested in something that doesn't have your attention enough to think, "I'm going to try that!" regards of what others might say, or initially, it looks like. Pick a few avenues, and you'll come out of them after a while with a great deal of experience to restrict and expand in areas that have a better chance of working than what you tried previously.

this!