Show HN: 400-Line Binance CryptoCurrency Bot

The Money Maker Machine - Monker<p>This was a hobby project of myself to create the simplest Cryptocurrency bot possible. It was written in Python, operates on Binance, and stores all logging and trading information into a MongoDB database. The trading strategy is extremely simple:<p>- Assume that crypto prices will fluctuate, but eventually be restored to its original quote - Buy small quantities every time the price falls below a threshold, keeping track of the amount purchased and the price payed - Sell those exact quantities when the price is above what was payed for it<p>It was a lot of fun developing it, and I guess I made something around 3 dollars before shutting it down. It is my first contribution to opensource world, and I hope others can benefit from it :)

Nice! It&#x27;s very simple, but has a few interesting qualities, like not using any third-party library to interact with Binance, giving the bot more flexibility to make use of Binance-specific features in a future extension of this work. For example: Binance&#x27;s margin trading works a little different from other exchanges.<p>I would use order book data instead of ticker data, though, since you have more control of your risks regarding the exchange&#x27;s liquidity.<p>Well done!

I have a feeling that the vast majority of transactions are from bots like this, from the naive &quot;moneymakers&quot; (like this one with a $3 return) to ones with extreme sophistication.<p>The naivete here is that it only makes money if the market is rising long term. If it is falling over the long term then you&#x27;ll get stuck with a bunch of losses.<p>The results it generates are no different than buying at random times and selling random bets at random times.

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I think there should be a big (maybe red?) disclaimer at the very top explaining that this should only be used for fun, experimental and learning purposes. No real money should be invested into it too.<p>Just in case somebody thinks it&#x27;s real and go full retard with it.

Very cool! I might try to pick this up later and test some stuff out. Why did you choose to stop it? Did you find a more profitable algorithm ;)<p>I wonder how much of the volume on cryptocurrency exchanges are due to bots.

Looks pretty cool! I&#x27;m always unsure of separating my buy and sell side logic. Was there a deliberate decision to separate those functions, rather than passing the side as an argument?

How much did you put in the bot initially and how long have you kept it running before shutting it down?

Great idea. Thank you for sharing! I’ve had this same thought with Tesla’s stock