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Binance-bot

Python bot for trading on the Binance cryptocurrency exchange.

There are two strategies, cross-pair arbitrage and breakout trend trading.

Cross-pair arbitrage:

Files:
  • mult_arbit.py
  • price_monitor.p
  • run_mult_arbit.py
Status:

The point is to turn altcoins into more altcoins. In optimal conditions it can cycle multiple times a minute. It only works in a very specific context:

  • You have to be in a low-fee environment. Any fee above 0.1% kills it, it works on a 0.5% margin trigger over three trades.
  • The altcoin you're going for has to trade against two base coins that also trade against each other.

So if you're doing XLM on Binance examples are:

  • XLM->ETH->BTC->XLM
  • XLM->BNB->ETH->XLM

WARNING: This strategy is super risky. It works best when all three pairs are trading sideways or trending gently. The bot knows nothing about market status other than current price ratios; rapid price swings can easily leave you mid-cycle holding a bag you don't want.

Breakout trend trading:

Files:
  • turtle_trade.py
  • run_turtle.py
Status:

This strategy looks for X period high/low breakouts and bets with the break direction. It's inspired by the turtle traders who did commodities in the 1980s (http://www.tradingblox.com/originalturtles/). They were trading on 10-day breakouts, which is far too slow for cryptocurrency exchanges, so the bot is set to X hours, not days. Problem is that according to my testing it barely breaks even (or goes negative) on all breakout ranges I've tested.

WARNING: As this strategy currently stands it does not profit. If you want to try it backtest it hard!

Both strategies need these files:

  • api.py
  • data_checks.py
  • excepts.py
  • log.py

(Standard disclaimer saying this isn't investment advice and bots can lose your money real fast. No warranties, etc. etc.)