It seems like I just created a DCA futures bot, but itโs already been running for 11 days.
Why did I decide to launch this particular bot? The thing is, Iโve been using them quite successfully
on a third-party platform for about five years now. But there, you have to give up up to 20% of your profits, whereas on the exchange,
itโs a free service for now))). But of course, there are downsides too. On the platform, I can
change any parameter affecting the botโs operation at any time. Here, you can only do that by stopping
the bot. Thatโs not always convenient, especially if the bot has opened a position and itโs in the red.
This is certainly not the only downside, but letโs not dwell on the negativeโthe goal was to check if thereโs a place
for such bots on the Binance exchange),
The results are mixed, especially since we have something to compare it to. Over 11 days of operation, the bot put
a whopping 3.5% profit on our deposit, meaning we can potentially expect
10โ12% per month, and that would be around or slightly over 100% per year. That doesnโt seem too bad, considering that this
will be pure profit and we wonโt have to give 20% to the creators of a third-party platform.
These are the preliminary results of the $SolUsdc futures DCA bot, which the exchange kindly allowed us to create))).
All the best, looking forward to comments and questions.
AndyDema
#DCAbot #Binance #Futures #CryptoTrading #CryptoBots #BinanceFutures #AlgoTrading