profit and loss about binance-trade-bot HOT 11 CLOSED

I've attached my profit in TRX from the past ~2 months. I'm not showing a longer time period because I put more money in the bot during November.
Regarding profit in "real money", that's not an interesting question if you think about the bot's logic. The bot isn't interested in how many dollars each altcoin is worth, it is simply increasing the amount of your altcoins by taking advantage of their behaviour with respect to each other.
Furthermore, the bot is designed to never return to less of a coin than previously held, so unless there is a bug that I am unaware of that no one else reported, I do not see how you could have lost coins. I haven't lost a single percent of any coin from the very first day of running the bot (must have been about two years ago).

from binance-trade-bot.

Great going man!. Wana try your bot with real money.

from binance-trade-bot.

@edeng23 How do you think the bot is going to perform if you use BTC as bridge currency? Did you ever test it?

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@abanchev
Why would you want to use bitcoin as a bridge currency?
I think that using an unstable currency can be dangerous.

from binance-trade-bot.

I think BTC pairs are a lot more stable price wise compared to USD pairs , which are also affected by the price of bitcoin a lot.
if bitcoin goes up in value, all other coins follow, and this makes this bot not trade as much as it would otherwise.

I havent given it much of a thought yet, just it is a feeling that this may be a better option.

from binance-trade-bot.

I think it could be bad idea to hold and letting BTC as base currency for long run.
We might run this bot throughout days and without interacting it. Pitfall at BTC price, it could be huge losses.

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If bitcoin falls, everything will follow it in a couple of minutes i think, or am I wrong?

from binance-trade-bot.

@edeng23

so unless there is a bug that I am unaware of that no one else reported, I do not see how you could have lost coins.

I encountered a situation where the bot buys less than the previous coin amount - when the market sell order causes a slippage and you get less money than expected.

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@abanchev
Interesting. This hasn't happened to me before.
I believe that this risk can be eliminated by increasing the multiplier, but at the moment I'd rather take the small risk over minimizing the trade frequency.

from binance-trade-bot.

@edeng23 It also depends on the size of the sale, and the state of the order book, it started happening after the bot tried to sell around 6000 euros worth of coins, i think there is an upper limit on how much coins you can trade with before the slippage starts being a problem. I could switch to limit orders for the sale, however this will probably mean that the buy price is no longer good by the time the sell is complete.

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Exactly, that's why I didn't use limit orders for selling.

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