A simple strategy, probably somewhat inefficient in the future.

[MiiaHash]

Thanks, I thought it was strange I didn't find that much information on the test net, do I keep all the buy and sell rates/percentages the same? By $1 do you mean making let's say $1 trades, 5x? Can I test with USDC/USDT? Only started reading this method last night, apologies if you may have already explained this in the thread.

I have explained, don't worry the x5 is not to use margin, be careful the funding rate is more than what you will earn per hour (with typical amounts)

The x5 means that at the same level, place orders of $100-$150 USDT to avoid price slippage.

 

[OriginStory]

I have explained, don't worry the x5 is not to use margin, be careful the funding rate is more than what you will earn per hour (with typical amounts)

The x5 means that at the same level, place orders of $100-$150 USDT to avoid price slippage.

Alright, I don't quite understand, but I'll read through the entire thread again carefully and research around a bit, I'll probably be back with more questions later on, thank you though, and do you think during this bull cycle currency is too volatile to do this method efficiently still?

 

[MiiaHash]

Alright, I don't quite understand, but I'll read through the entire thread again carefully and research around a bit, I'll probably be back with more questions later on, thank you though, and do you think during this bull cycle currency is too volatile to do this method efficiently still?

Yes, the best markets for these bots are sideways markets.

 

[resurrects]

Yes, the best markets for these bots are sideways markets.

is this still working? Any low fees pairs currently?

 

[MiiaHash]

is this still working? Any low fees pairs currently?

FDUSD, And yes, it still works, I just don't recommend it in Bull run season.

 

[Black Flag Solutions]

It's a nice strategy and well written guide.

 

[zaghdad]

Thank you for sharing this. It's a good strategy if there are no fees. However, after the Binance promotion ends, I don't think it will remain a viable opportunity. With a 0.25% or 0.30% , it might only hit 10 or 15 trades a month per pair , if I'm not mistaken .

 

[MiiaHash]

Thank you for sharing this. It's a good strategy if there are no fees. However, after the Binance promotion ends, I don't think it will remain a viable opportunity. With a 0.25% or 0.30% , it might only hit 10 or 15 trades a month per pair , if I'm not mistaken .

with 0.3% it happens about 1,500 times a day, the problem is not that it happens, the problem is that, the more percentage you put, the more likely you have to wait a while for the price to return to be able to continue trading.

 

[zaghdad]

with 0.3% it happens about 1,500 times a day, the problem is not that it happens, the problem is that, the more percentage you put, the more likely you have to wait a while for the price to return to be able to continue trading.

Thank you for your response . Yes you 're right about volatile crypto . but does it really occur 1500 times a day even for stablecoins ? I'm more interested in the first strategy because using stablecoins I think is the only way to avoid waiting times.

 

[learnandearnwithseo]

So you're basically swing trading using coins that don't take a commission with every trade?

Yeah, this is definitely profitable, but a bot is probably necessary in order to do all those transactions constantly.

Is it even possible to integrate bot on platform like binance ? Can't they detect such bots and ban the complete account because of this ?

 

[MiiaHash]

Thank you for your response . Yes you 're right about volatile crypto . but does it really occur 1500 times a day even for stablecoins ? I'm more interested in the first strategy because using stablecoins I think is the only way to avoid waiting times.

in 3m or 5m minute candles occurs quite often.

 

[MiiaHash]

Is it even possible to integrate bot on platform like binance ? Can't they detect such bots and ban the complete account because of this ?

it is not illegal and it is allowed with binance, I have hsata premium account with them and vip 2 for these bots, they have also given me access to the OCT.
I do it every time I have some money available.

 

[marshmallej]

Your arbitrage strategy sounds interesting; applying a grid with minimal percentage change on pairs with no commission can help identify small price discrepancies for profit, but be mindful of liquidity and transaction fees.

 

[sscaz]

Your arbitrage strategy sounds interesting; applying a grid with minimal percentage change on pairs with no commission can help identify small price discrepancies for profit, but be mindful of liquidity and transaction fees.

not only interesting but he/she is a super nice person

 

[BNHegde]

hey I am super interested in some complex variations of this, can we talk on discord?

 

[MiiaHash]

hey I am super interested in some complex variations of this, can we talk on discord?

of course, send me your userId by pm.

 

[MiiaHash]

Binance has given me two awards for the bot, on the one hand I am above 93% of the traders with a total profit of 41% (2024) and on the other hand volume expert for a volume on-order of $33M USD (2024).

 

[MiiaHash]

I have also thought about some limitations and how to solve them, for example the problem of simultaneous orders can be solved by storing the buy price in a database and when the price exceeds the target price (sell price) *for the grid strategy in FDUSD, not for stable currencies like USDC/FDUSD*.

you can save this price in the db, so you don't need to create sell orders immediately once the order is filled, when the price overshoots the target price, enter an immediate LIMIT_MAKER order to the nearest ask and it will be executed instantly.

 

[BNHegde]

of course, send me your userId by pm.

cant pm you

 

[MiiaHash]

cant pm you

here in the forum or in discord?