- Nov 15, 2022
- 4,361
- 4,016
It's a nice idea, thank for sharing it with us
Why do you think it can be inefficient in the future?
Why do you think it can be inefficient in the future?
A simple strategy, probably somewhat inefficient in the future.
MiiaHash
Junior Member
- Feb 4, 2023
- 131
- 121
Commission promotions will not last forever in the future binance will add standard commissions for fdusd and will no longer be as profitable.
wiggleit
Regular Member
- Jan 14, 2017
- 489
- 828
So how much are you making per day?
MiiaHash
Junior Member
- Feb 4, 2023
- 131
- 121
What you see there, is all that is earned, because some of my friends use it a day they get $1,300-$2,700 USD, with about $350,000 USD, I'm making about $100 USD a day or so (with $10,000 USD).
wiggleit
Regular Member
- Jan 14, 2017
- 489
- 828
Nice...
I have around $1K USD sitting on another exchange. I'll probably move them over to Binance and give it a shot.
Seo_Godfather
Newbie
- Jul 18, 2024
- 42
- 15
Update us if it work, please
MiiaHash
Junior Member
- Feb 4, 2023
- 131
- 121
maybe with the second strategy it can work for you the first one of stable currencies (FDUSD,USDT,USDC) you need a lot, a lot of money to generate something daily.
the second strategy works well from $10.000 USD, think that, in binance the minimum order is ($5 USD - $10 USD) that is more or less 100 operations, as long as the currency that you select to test does not have very big variations or very sudden drops, you will be able to operate many times.
the more money you have, the more the currency can fall, because with the other operations it will recover.
here you have an example of yesterday, with my account.
a drop of some currencies (5% and others of 4.1%)
as I have configured it to allow drops (simple calculation) of up to 10%, as long as the currencies do not drop 10% suddenly, the strategy allows you to recover those “losses (remember this is spot and not futures, so technically you will not lose anything if you do not sell)”, this morning has already taken out several $15 USD packages, although prices have dropped slightly since yesterday.
as you can see, he has approximately $50 USD in earnings today, with about $10,000 USD.
what I built allows you to withdraw your earnings when you reach $15 USD positive, you can do this manually also if you are organized and have an excel or spreadsheet it is quite easy.
this is another example of another day, where there were a few falls
and this has been accumulated these days (I withdraw the earnings every week or when $700 USD is accumulated).
and this is binance's own statistics of the assets in the account, so that you can see more or less how it is increasing.
(2024/07/15)
(2024/07/16)
(2024/07/17)
(current balance, as binance updates this 2-3 days) i.e. the 18th and 19th are not yet available.)
as you can see, there is only data up to the 17th (two days late).
it's true that you won't get rich doing this and there are probably more efficient ways to make money.
this is a very useful strategy for people who save or invest in BTC/SOL/BNB, instead of having the assets paused, you can trade constantly and take advantage of small profits to accumulate medium profits in a very long term.
think of this as a savings fund, some days it can be negative, some days positive, as long as you have confidence in the coins you put in (which will always return at X price) and you are aware that you will need a lot of money if you want to earn something every day, it will be fine.
I have many more strategies that I use with similar cryptos to generate small daily income, I will discuss them in the future.
MiiaHash
Junior Member
- Feb 4, 2023
- 131
- 121
thank you, I hope you find it useful
MiiaHash
Junior Member
- Feb 4, 2023
- 131
- 121
I forgot to mention something important, if you have too much money and you want to make the first or second strategy, you must create orders of maximum $250 US, this in order to avoid that when you put the offer
a limit price of example $70.000 is executed 100 USD at $70.000, 100 USD at $70.010 and 50 USD at $70.015 (I do not know the correct term), if you use the api you can partially solve it using
FOK (Fill-Or-Kill): the order is ordered to be executed in full immediately (filled), otherwise it will be cancelled (killed). Note that Iceberg commands are not supported.
also note that if your account is standard, your limit of simultaneous orders will be about 200, you can fix this by creating multiple sub-accounts, each sub-account will allow you to add 200 more orders.
by default binance allows you between 5 to 15 sub-accounts.
this is necessary if you have a lot of capital to have more than 200 simultaneous constant orders ideally with $100.000 USD, you will be looking to have around 1.500 trades (between buy and sell orders) at any given time.
if you have like me, $10.000 USD or less don't worry and make it simple, this is only when you have problems with
a limit price of example $70.000 is executed 100 USD at $70.000, 100 USD at $70.010 and 50 USD at $70.015 (I do not know the correct term), if you use the api you can partially solve it using
FOK (Fill-Or-Kill): the order is ordered to be executed in full immediately (filled), otherwise it will be cancelled (killed). Note that Iceberg commands are not supported.
also note that if your account is standard, your limit of simultaneous orders will be about 200, you can fix this by creating multiple sub-accounts, each sub-account will allow you to add 200 more orders.
by default binance allows you between 5 to 15 sub-accounts.
this is necessary if you have a lot of capital to have more than 200 simultaneous constant orders ideally with $100.000 USD, you will be looking to have around 1.500 trades (between buy and sell orders) at any given time.
if you have like me, $10.000 USD or less don't worry and make it simple, this is only when you have problems with
NeoTheGoldDigger
Newbie
- Jul 20, 2024
- 3
- 1
I don't know why can we go dm?
MiiaHash
Junior Member
- Feb 4, 2023
- 131
- 121
The problem is that binance minimum order is $5 USD so with $100 USD you would have about 20 trades in total, which could work for you, but you risk that if BTC or any coin drops more than 0.70% suddenly, you will have to wait until it goes back up to make more trades.
quietamerican
Junior Member
- Jul 8, 2024
- 153
- 95
This makes me miss having access to binance.
This one won't be as profitable but there'll probably be something new by then. As long as there's new promotions and people more worried about time than losing a few cents you'll be able to find arbitrage opportunities.
MiiaHash
Junior Member
- Feb 4, 2023
- 131
- 121
I already do arbitrage, that is another strategy I use using several pairs of fdusd/usdt/usdc/tusd, but it is more complex and I saw no need to mention it here for now.
the strategy works even if there are commissions, you simply exchange 0.1% for 0.3% you will earn 0.1% per trade, and although 0.3% sounds quite a lot in one candle you can move 0.50-0.80%, depending on the currency.
the only thing that happens is that you trade less times (15-30%) so instead of earning $100-$150 you would earn $70-$120 or so.
NeoTheGoldDigger
Newbie
- Jul 20, 2024
- 3
- 1
How much profit did you get so far?