08-31-2021, 11:24 PM
I finally did it! My crypto trading bot successfully bought a new coin within 0.2 se
<!-- SC_OFF --><div class="md"><p>It's been a pain to optimise and test out this strategy but I finally managed to successfully place a buy order on a newly listed coin.</p> <p>The testing has probably been the most difficult part of the whole process. Every time I would start the algorithm, I would have to wait there for days at a time before it does anything. Then Binance decides to list a new coin, and the script breaks. Go in and fix the error, re-start the script.</p> <p>Rinse and repeat this a few times over two weeks, it was tedious and required a lot of patience but I fucking did it. I can now confidently call the script functional (with some minor bugs that I will fix in the coming days).</p> <p><strong>So here's what actually happened:</strong></p> <p>The algorithm detected GNO as a new listing yesterday at 6:00AM UTC, and placed a buy order at 6:00.02. The order was placed at 394 USDT and GNO peaked at 418 but the entry price was closer to 300.</p> <p>It seems that even with 0.2s speed of execution the tool is still too slow to buy at the listed price and needs additional improvements.</p> <p>It ended up selling at 3% loss - which might not seem like an achievement, but I am personally very happy with the fact that it actually works, and this gives me a good base to make the necessary improvements in order to optimise this strategy.</p> <p>I do think that, if optimised correctly this tool can actually work very well. I will keep making improvements and report back. If you're curious to know more about how the bot works and how this buy order performed, I just made a new video explaining all of that in more detail: <a href="https://youtu.be/kWndcvWuMzI"><strong>https://youtu.be/kWndcvWuMzI</strong></a></p> <p><strong>And for those who asked for the guide, here you go:</strong> <a href="https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/">https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/</a></p> <p>Edit:</p> <p>The code is open source and available to everyone to use: <a href="https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins">https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins</a></p> <p>Thanks <a href="/u/steks13">/u/steks13</a> for improving the speed of execution buddy!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CyberPunkMetalHead"> /u/CyberPunkMetalHead </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf5008/i_finally_did_it_my_crypto_trading_bot/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf5008/i_finally_did_it_my_crypto_trading_bot/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>It's been a pain to optimise and test out this strategy but I finally managed to successfully place a buy order on a newly listed coin.</p> <p>The testing has probably been the most difficult part of the whole process. Every time I would start the algorithm, I would have to wait there for days at a time before it does anything. Then Binance decides to list a new coin, and the script breaks. Go in and fix the error, re-start the script.</p> <p>Rinse and repeat this a few times over two weeks, it was tedious and required a lot of patience but I fucking did it. I can now confidently call the script functional (with some minor bugs that I will fix in the coming days).</p> <p><strong>So here's what actually happened:</strong></p> <p>The algorithm detected GNO as a new listing yesterday at 6:00AM UTC, and placed a buy order at 6:00.02. The order was placed at 394 USDT and GNO peaked at 418 but the entry price was closer to 300.</p> <p>It seems that even with 0.2s speed of execution the tool is still too slow to buy at the listed price and needs additional improvements.</p> <p>It ended up selling at 3% loss - which might not seem like an achievement, but I am personally very happy with the fact that it actually works, and this gives me a good base to make the necessary improvements in order to optimise this strategy.</p> <p>I do think that, if optimised correctly this tool can actually work very well. I will keep making improvements and report back. If you're curious to know more about how the bot works and how this buy order performed, I just made a new video explaining all of that in more detail: <a href="https://youtu.be/kWndcvWuMzI"><strong>https://youtu.be/kWndcvWuMzI</strong></a></p> <p><strong>And for those who asked for the guide, here you go:</strong> <a href="https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/">https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/</a></p> <p>Edit:</p> <p>The code is open source and available to everyone to use: <a href="https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins">https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins</a></p> <p>Thanks <a href="/u/steks13">/u/steks13</a> for improving the speed of execution buddy!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CyberPunkMetalHead"> /u/CyberPunkMetalHead </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf5008/i_finally_did_it_my_crypto_trading_bot/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf5008/i_finally_did_it_my_crypto_trading_bot/">[comments]</a></span>Kind Regards R