Post
Topic
Board Trading Discussion
Re: Binance bot for new listed coins
by
Levicrypto
on 11/10/2020, 09:48:11 UTC
I am now in contact with a programmer who can program this, or do you guys think this will not work?
It is possible but the chance will depend on the market itself. Some coins will probably pump way higher than that in just 5 seconds and you'll miss it, but if your target is within 1 minute or so it might work just fine (profit or not is another question). Make sure that you ask the developer to build a stop-loss option too. There is also a chance that at the initial listing you'll get no pump and the MM dumped on you instead.
Yeah I was planning to build in a stop loss + a trailing stop loss/take profit so when the price goes up by 10% and then falls by ex. 2% it sells. It is not a matter of seconds but of minutes most of the time so that is not a problem I suppose. I've analyzed the last 15 new coins listed on Binance and they all were profitable. I will program the bot, a guy I know can do this for $200 so not too much. I will try it out and if you guys are interested show the results!
If it works maybe you guys are interested in taking part? Wink