This is an automated archive.
The original was posted on /r/cryptocurrency by /u/Horror-Badger9314 on 2024-01-22 12:06:53+00:00.
I have invested $ 200 in this just for testing.
I’ve have set the Binance bot to operate in a technical analysis at BNB, resistance an support for the last 7 days.
The bot was supposed to buy at a 0,23% move down and sell at a 0,28% up.
During 3 days it made 22 operations.
The final result: two cents profit.
Result if I just have bought and forgot BNB for two days: a loss of 2 dollars.
This could be considered a good result but it’s peanuts. Because the bot would need maintenance and if the market moves fast it will be out of its range. In a real bull run or a crash the price would move so fast that will be out of the parameters.
The real winner was Binance: 22 transactions fees.
Any results to share?