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Binance Bot - Crypto Bot Market Making Strategies with Python: Scalping

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Introduction to Binance Bot with Python: Market Strategies 1 _ Scalping by www.bot-professionals.com email: [email protected] https://medium.com/@BlockchainEng/how-to-build-an-automated-cryptocurrency-trading-bot-on-binance-with-python-2cd9b5874e44 Github Code: https://github.com/Roibal/python-binance/tree/master/examples Join Algo Trading Bot discussion: LinkedIn: https://www.linkedin.com/groups/12121918 Telegram: https://t.co/YlGP1zvvw4
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Text Comments (13)
Daryl Martis (6 days ago)
waste of time. no python. no strategies here folks.
Blockchain Engineer (6 days ago)
The python is on my GitHub and the strategy being explained is "scalping"
Piotr (3 months ago)
Dear Sir I noticed you are very knowledge person. I would be really grateful if could reply my question. I am looking for a tool which will place bids for me automatically as a maker at the highest possible price in the orderbook (so my order will have a chance to be filled first there without being market taker) And if a price e.g. of btc increases (without executing my order) that tool will place the highest bid as maker quickly and automatically until reaches my set limit. So I do not need to do that manually. A program that will dynamically reprice my order to ensure it's always at the top of the book until executed. Do you know of any tool on the market which can do that? I do not need other features Obviously I would prefer a free tool but if not possible I would try a paid tool. I would really appreciate your reply
Blockchain Engineer (3 months ago)
Hi my friend, very good idea. I have not heard of such a tool but I can program it for you if you'd like.
Joon Yi (3 months ago)
Where's the PYTHON portion of this?
Blockchain Engineer (3 months ago)
in the description of the video there is a link to the github, I don't know how much more obvious I can be than that.
Joël Lavoie (5 months ago)
I didn't get the point of using cycles in your decision to buy or sell. I guess the purpose of it was just to explain that it can move....
Blockchain Engineer (5 months ago)
The 'cycles' were introduced, as you say, to demonstrate how the spread and the pricing / volume of bids / asks changes across time.
Chance Brewing Co. (9 months ago)
I see what you are trying to do here but have you considered that buy/sell walls are one of the various ways that the crypto markets are manipulated? Iceberg orders and spoofing would cause the algo to place orders where the walls only exist for sometimes milliseconds. Will the bot have the ability to account for these pitfalls?
Isaac Kay (4 months ago)
Great point; thanks for bringing it up.
Blockchain Engineer (9 months ago)
Hello Friend and thank you for your comment. Order spoofing is very interesting to me , and I believe one of the best use-cases for the crypto trader bot is to 'detect' when spoofing is occuring and adjusting trades accordingly. I have not yet gotten to that test, yet. To answer your original question, I believe that placing some type of time-limit on these 'scalping' orders (10 seconds, 10 minutes, or 1 hour) will be the best way to protect against order spoofing turning against our placed trades.
E O (10 months ago)
As long as you have bnb in your account and trade with any base paid will be paid at 0.05% fee from your bnb if you have the option enabled. The disadvantage of using bnb pairs is that when doing high frequency operations the limits atre essentially lower on pairs involving bnb.
Blockchain Engineer (9 months ago)
Yes - the low fee percentage, however, is definitely very attractive, especially for this type of trading (scalping).

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