Guys this is it: the crypto trading bot I built and shared with you a while back has finally made some profit

It's been over 3 months of learning, testing and coding since I first started this project, and I am really excited to share this latest update with you. But first, just a bit of context on the project: My inital idea was to create a crypto trading bot in Python, that constantly checks if a new listing is added on Binance, essentially by checking the total number of coins at any given time. I tried out different variations on this, end even increased the speed to buy within 0.1 seconds on a new coin being listed. The initial idea that I had, was to create a crypt trading bot in Python that looks at the Binance Announcement page, and places buy orders on new listings the moment they become available. The reason behind that is that a lot of new listings spike up a lot in the initial moments of the listing. I later realised that this spike originates outside of the Binance exchange, not at the time that Binance lists the coin, but rather, the moment they announce that they will list the coin. Here's an example of it: CHESS https://preview.redd.it/crcghe2i8lz71.png?width=608&format=png&auto=webp&s=f247188850af13d5ae6373fa622e4ec9d1236077 Right so with the strategy all nailed down, it took about another month of testing and optimisation before the bot would do anything interesting. But here we are, 3 months later with a functional trading bot that seems to be making decent gains on new listings (though it can be improved). ​ The results (so far): So bear in mind that this only includes the latest iteration of the bot, before this update the bot was not profitable. 10% on MOVR listing ​ 25% on ENS listing It's still super early to tell whether the bot will be consistently profitable, but it's looking rather promising so far. The tool comes with a test mode so you can test it out without throwing real money at it. I would also like to thank everyone who has contributed to the codebase on GitHub, these profits would have not been possible without your amazing contributions. ​ If you want to find out more about how it all works, and how the tool became profitable: https://youtu.be/4gul6AqAoEo I also made a guide, so you can use this if you want to install and run this bot yourself. It comes with a test mode, so you don't have to throw real money at it: https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/ Edit: Source code available here https://github.com/CyberPunkMetalHead/gateio-crypto-trading-bot-binance-announcements-new-coins submitted by /u/CyberPunkMetalHead [link] [comments]