🤖 Update and End of Binance Trading Bot Experiment 📈
Is it possible for a Binance trading bot to beat the interest on a margin loan? 💰 We put this idea to the test! 🚀
For this test, I used a Spot Trading bot with an AI setup. The idea was to trade for a period of 3 days, but I decided to close it after 12 hours due to rapid floating profits that exceeded my expectations. 📊
🔹 Risk Strategy: I borrowed 15,800 USDT on margin to use as operating capital while minimizing risk with the help of the bot.
📊 Bot Results: In the 12 hours it was active, the bot managed to:
Total profit: 294.53 USDT (1.85%)
Floating profit at closing: 281.51 USDT (1.77%)
Profit per grid: 13.02 USDT (0.08%)
Loan time fee: 7.29 USDT
🔍 Lessons Learned: What can definitely help generate more yield is entering at a lower price. Some might ask: Why use a bot and not buy directly on spot? The answer is that the bot allows me to minimize risk by buying DCA style (buying in levels as it goes down) and gradually selling as it goes up. In addition, the purchase range set was wide, which allowed me to take better advantage of volatility.
💡 Best of All: My hold strategy is still intact and, in addition, this rise together with Bitcoin's new ATH allowed my portfolio to grow even more, adding additional profits without having to sell.
🔄 Next Steps: If we find an opportunity lower in price, we will try again with this strategy to continue optimizing performance in sideways markets.
