My experienced using #CryptoTradingBots .
I been lucky to have a chance to experienced trading bots use in Market-Making Services.
I will explain how market-making works:
Market Making:
A market maker (MM) is a firm or individual who actively quotes two-sided markets in a security, providing bids and offers (known as asks) along with the market size of each.
In simple term:
Imagine a two person Jack and Jill. Jack is selling his drum and looking for a buyer while Jill is looking for a drum.
Then a pawnshop is providing service for buy/sell on what they want(providing liquidity) and a fair price, based on the demand for used guitar in the town.(spread reduction)
The pawnshop will be paid for this service by the difference in price he paid to Jack and the price he received from Jill(spread size).
" A market maker, like a pawnshop owner, provides the same kind of service in financial markets.
He provides liquidity and helps to reduce bid-ask spread sizes, taking his profits from the difference between his buy and sell orders (spread)."
I basically,
Run Hummingbot in Binance via Docker and Source.
I did using real USDT funds provided by the company in BTC/USDT pair.
It was fun and exciting.
