This open source crypto trading bot in Python is profitable (so far)

It’s been over 3 months of learning, testing and coding since I first started working on a crypto trading bot that takes advantage of the Binance Announcement page to buy new coins as early as possible. The gate.io version of this trading bot looks like it’s been able to successfully make a profit using this strategy.

Context on the gateio crypto trading bot:

Before looking at the results that this final version of the gateio bot has generated, it’s important to understand how the idea started in the first place as well as the changes required in order to make turn this into a profitable crypto trading algorithm. You can watch the video down below for a quick recap, or continue reading:

The initial idea was to create a crypto trading bot in Python that looks at the Binance Announcement page, and places buy orders on new listings the moment they become available. The reason behind that is that a lot of new listings spike up a lot in the initial moments of the listing. Previous testing showed that no matter how early you buy a new Binance listing, it will always be too late to make an immediate profit. The fastest achievable speed is 0.1 seconds (which is…