Jesus fuck... i've got this binance bot that i pain stakingly coded, only problem is: it's not profitable...

jesus fuck... i've got this binance bot that i pain stakingly coded, only problem is: it's not profitable. nothing i do makes it profitable. it's a long shot but does anyone know how to make this shit make money? it's losing me 5% per day.

Attached: binance.js - binanceBot.png (1920x1040, 194.73K)

BUY(BTC) {
}
if (BTC = 1,000,000, SELL(BTC))
else return

backtesting usually determines a per-trade profit of about +0.6% is ideal, but what happens in reality is that goes well about 15 times in a row...then you get BTFO by a 20% loss.

poor (YOU)!

backtesting must be bullshit because as you see in pic related it says in the past 2 days if you bought at that certain price over and over, you would have had 26 winning trades in a row, each one +0.82% profit, compounding eventually into +17.39% profit in only 2 days, and it says that at a 5% stop loss, not once would that stop loss have been triggered during that time.

which sounds great. except it's not true because the future does not rely on the past.

Attached: backtest result on some coin.png (1525x41, 9.03K)

Just program it to do the opposite you brainlet

i can give you some consulting. add me telegram

14388969864

Probably missing trades, how bad is your ping? Protip: binance runs out of japanese aws servers, significantly reduces ping.

Make it buy ARPA and then turn off

Upload the code to github / pastebin .

what trade strategy are you using?
have you considered trading something else like forex, stocks etc?

Mine had similar issues it was having trouble adjusting to price finding new ranges. Also, ping is an issue as is optimization, I needed mine running fast and almost just started getting into assembly on an asic until I fixed some things... daicon#6421 discord if you want to chat

Looks like a market making bot. That's the risk you take market making. When the spreads are good you make money, but every now and then you'll buy and your sell won't get filled. You should probably code it so it market sells when the sell price falls below your buy. That should mitigate losses a little.

You sound interesting. Are you profitting at all? Hope you are.

Lol, you obviously haven't optimized your code. Crypto trades too slow to put an algo on an asic, noob

Hope you fags aren't still relying on RSI and MACD snake oil.

>daicon#6421 discord

nice! I just sent you a request fren. My id is agreen#6534

>it's a long shot but does anyone know how to make this shit make money?

yes. first you need to have a winning strategy. without a winning strategy having a bot is useless. Imagine you have a laptop company that produces a very bad laptop that ends up exploding after 100 hours of usage... in the end you will lose money, right? because every customer will want a refund.

What is the issue? You have to fix the problem that is making it explode, not producing more laptops and selling more of those. If you escalate and sell more laptops you will only lose more money. Get the analogy?

Have you tried setting the mode to "earn"?

Buy low
Sell High

How complicated does it have to be?

That's a man

This. Learn to code.

Did you steal your code?

Couple o' thoughts -

- Maybe try focusing on one pair. Have you tried setting it to just Bitcoin/USDT pair?
Alts are so dependant on where mother Bitcoin is moving, so I feel like any typical strategies are out. Bitcoin itself, save for the barts, can be pretty predictable if it's on a treadline, and it's way more liquid than some of the altcoins yours is using.

- The market is so manipulated it may make sense to disable itself for x hours if it can't find a reasonable entry or is incurring loss.

>daicon#6421

btw I forgot to mention. me I'm just a beginner in algo trading/programming but I have a few other frens who are already have winning bots. If you wanna exchange some information/strategies with usyou can join our discord group. Server id is TcbT8yY.

The hardest part is actually finding a profitable strategy. Also, strategies don't stay profitable forever. Coding the bot is the easy part, there are libraries that do most of the work for you (exchange api libs, TA libs).
You gotta put in the research and be able to objectively explain in a sentence why your strategy is profitable. Also fees, spread and slippage make a lot of strategies that seem viable lose money.

Also you can't expect profits to just keep compounding, you'll run into slippage at some point.

this i have several profitable strats but fees and spread kill you.
10:1 rr and 33 winning trades and 220 losing trades. The expectation is i should be up 250% but instead it goes -50% after accounting for fees and spread.

Just invest in NapoleonX and have algorithmic trading geniouses take your stress. They have proven track record and been given a license by a French Authority called AMF. Look it up

napoleonx.ai or google NapoleonX and DYOR. This is only time I'm posting this since I've been making a killing on this shit.

Have any of you guys tried zenbot? I'm setting it up now hoping it can automate placing of trades, not interested in making a strategy yet. I just want "If x trade goes through place stop loss and profit taking orders, if either of those go through cancel the other, if price passes a certain threshold place stop loss to lock in profits"... simple stuff like that.

Email me [email protected]

Mention this. I have a unique offer for you

Sell it as a SAAS you fucking mongo like every other crypto trading bot that lose people money

based

do this OP

if youre consistently losing 5% everyday then just invert all your if conditions for buy and sell