8 Binance Bots: Between Profit and Risk

[00:03] $3500 and left at the end of the month with approximately $4800, more or less, meaning a profit of $1300. This is an important legal note: I do not encourage the use or trading of cryptocurrencies in countries that prohibit or criminalize this field. All the information contained in this

[00:19] video and all the channel's videos and posts are for guidance and informational purposes only and are not considered investment advice or a recommendation to buy or sell. I hope that the viewers will abide by the laws and regulations in force in their countries and bear full responsibility for any

[00:34] investment decisions or actions that violate the law.

[00:50] achieved in my free private group (which is about bots), people started asking me about platforms available in their countries where they could use trading bots. The profit was approximately $1300 from the trading bot over a month. It could have been more, but I

[01:06] stopped using the bot because, as I told you, this was an experiment. I wanted to try it out and see how things would work with trading bots. This isn't a huge profit that will make you a billionaire, nor is it quick profit without effort, nor will you get a huge amount of money while you're sleeping on the job. The bot on the platform works by buying and

[01:22] selling according to the programming and information you input. This is very simple; I explained it in detail in a previous video. The link is in the description; go watch it. This bot business is in the description; go watch it. This bot business is a side income for you, not your main job, because you are

[01:36] also susceptible to losses. But we strive and take the necessary steps, and if we lose, then that's our fate. Regarding platforms, a number of friends asked me to talk about bots on a platform that works in their countries, and honestly, there is no platform like Binance. They have confidence in it, and the majority rely

[01:53] on it. This is due to its official presence in most countries worldwide. Frankly, it's the platform I'm most frequently asked about, so I'll talk about its bots. Look, my friend, the Binance platform currently has eight types of bots. A trading bot, for those who don't know, is a

[02:08] program integrated into the platform. You input specific information, and it operates 24/7 without interruption. It buys and sells on

[02:20] your behalf. You give it specific orders, as we said, and specific information, and it works based solely on that information. As we mentioned, Binance has eight types of bots. I'll explain them now theoretically with an example of each. First, there's the Go Order. This is a bot or tool that executes large buy or

[02:36] sell orders in a clever way. The bot executes these orders by dividing the trade into several small parts to maintain the currency's price and prevent large jumps. We'll take To illustrate this point, and this is the only example I'll explain in detail

[02:51] because understanding it will help you understand the other bots, please bear with me for a moment. Imagine you want to buy a currency with a small market value, and you want to buy it for a large amount, say $10,000. If you buy this large amount all at once, the

[03:06] large amount all at once, the price might suddenly rise dramatically. This rise causes something called a " slippage." The following explanation will help you understand what a slippage is and how it affects the price at which you want to buy the currency. This is where the

[03:22] Go Order bot comes in. We said you have, say, $10,000. Through this bot, you'll ask it to buy this currency for you with this large amount within, say, four hours. Assuming the

[03:36] currency's price is $1, the four hours will equal 240 minutes. If the bot executes an order every six minutes, it will make 40 buy orders. In this case, you'll get the currency at a balanced price without causing a slippage. There are huge price jumps for the currency

[03:52] itself, and here you might ask why I don't affect the currency's price. I'd make the price jump so it rises and I can sell. Wrong, my friend. You won't even be able to sell at a high price, and you won't even be able to buy the currency at the price you see on your screen. To understand this, I

[04:09] 'll answer you with an example. As we know, cryptocurrencies have a very volatile price; they're never stable. For example, you might see the price of a currency at 99 cents, then a little while later it's $1.05, then a little while later it's $1.10, then it

[04:26] currency, your request will be executed in stages. It will be executed at 99 cents, then $1.05, then $ executed at 99 cents, then $1.05, then $ 1.02, then 98 cents, and so on. In the end, you'll see that the average price of the currency stops at $1.00, not $1.00, as

[04:42] you want. In this case, you won't receive $ 10,000. You won't actually receive, but rather, for example, 9960 coins. This is due to price fluctuations. The platform won't buy at a fixed price of $1. If

[04:55] you have $10,000, you should receive 10,000 coins if the price is $1. However, you won't receive that exact amount because the platform doesn't execute buy orders at a fixed price of $1. Since execute buy orders at a fixed price of $1. Since the currency is volatile, the platform will buy at several different

[05:10] prices. This slight price difference is called "slippage." Therefore, you can't buy the currency yourself, drive up its price, and then sell it again. It does n't work that way. The bot will protect you from slippage as much as possible. It executes each transaction at the current market price in

[05:26] small quantities and continues to try to get you the currency at a similar price, not a significantly different price. For example, it might buy the currency at $1, then at 99 cents, then at $1.5, and then at 98 cents. Cent, and so on. It buys for you at

[05:41] very close prices so that the average purchase price doesn't become unprofitable. Of course, this whole explanation is the same in the case of selling. The same principle applies to T-Up Futures. The word T and Up is an abbreviation for Time Waiting Average Price. This bot is the same one

[05:56] I explained a little while ago, but this is a futures bot, not a spot bot. For those who don't know what T-Up means, this is a buying or selling method the same as what we explained earlier. Orders are executed in small, varied batches. The goal, of course, is to get an average buy or sell price close to the

[06:12] market price at that moment, and also to avoid causing a large jump in the currency's price. VB Futures or Volume Partition: This bot depends on the trading volume, not the currency's price. You tell the bot to execute the buy order as a

[06:26] fixed percentage of the currency's trading volume. The goal of this bot is also to enter and exit the currency smoothly, without significantly raising or lowering the price. Let's take the example of a small currency that you want to buy. The trading volume for it within an hour was... For example, if you have $200, the bot will

[06:42] buy for you with one-tenth of that amount, meaning $20. If, for instance, the trading volume for the currency is $800, the bot will buy for you with only $80 of your money. Spot trading is the most

[06:54] popular type of bot, and most people know about it. Simply put, it buys for you at a low price and sells at a higher price within a specific range that you define. This is very useful when the market is moving sideways, meaning there are small fluctuations in the currency's price without large jumps. Let's take an example: you define a price range for a

[07:09] large jumps. Let's take an example: you define a price range for a specific currency that you monitor. You run the bot on it and tell it, "I want you to buy and sell this currency for me as long as the price fluctuates between $1 and $5." You divide this range into price levels, for example. If the price drops from $3 to $2, the bot will buy. When

[07:26] the price rises again, from $3 to $5, the bot will sell in stages. Your profit comes from the difference between the buying and selling prices, and the process repeats as long as the bot is running and the price moves within the range. The price you specified, Futures Grid, is the same idea as the spot bot I explained earlier,

[07:43] but it deals with the futures market and allows the use of leverage. Profits with this bot are high, but losses are also significant. Arbitrage Bot: This bot exploits the price difference between the spot market and futures contracts,

[07:58] futures contracts, as well as the price difference between platforms. The bot buys at a lower price and sells at a higher price simultaneously. Let's take an example: if the Bitcoin price is 100,000 in the spot market and 101,000 in the futures market, the bot will buy in the

[08:13] spot market and sell in the futures market. Your profit comes from this small price difference. Your profit comes from this small price difference. Spot DCI or Dollar Cost Average: This bot buys the currency in fixed amounts at regular intervals that you define. This helps you

[08:27] reduce the impact of market fluctuations on your investment. This bot is more beneficial for investors than traders because an investor buys the currency and holds it, not thinking about selling in the short term. Also, investors don't focus on... The current price of the currency buys regardless of

[08:41] the price. Let's take an example: you decide to buy Bitcoin every week for $100 for a whole year. You give these details to the bot and run it, and it will buy for you even if you're not logged into the platform or monitoring the bot. It will buy a fixed amount at regular intervals, even if the price is

[08:55] high. In this case, the quantity will be smaller; it will buy a small amount for you. When the price of Bitcoin drops, the bot will understand that this is an opportunity, so it will buy a larger quantity for you, and so on. In this way, in the long run, you will get a very good average purchase price. This saves you the

[09:11] trouble of monitoring the market, reading data, and so on. Ripple Balance Bot: This bot maintains the balance of your portfolio according to the ratios you set. It buys and sells automatically to keep

[09:23] the ratios you set at the same number you want. Let's take an example: you divide your portfolio like this: 50% Bitcoin and 50% Ethereum, for example, $5000 in Bitcoin and $5000 in Ethereum. The price of Bitcoin rises and the price of Ethereum falls... $5000 in

[09:38] Bitcoin became, for example, $6000, and the $5000 that was in Ethereum dropped to $4000. In this case, the bot will sell a portion of its Bitcoin and buy Ethereum to

[09:50] balance the 50/50 ratio you initially set, or $5000 for $5000. I'm not asking you to do this, but if you want me to run trading bots on the Binance platform, you need to open an account through

[10:04] my referral link. My content is free, as you can see, and opening an account through my referral link is also free. So, that's my only condition. If you don't understand a specific bot, write to me in the comments, and I'll try to explain it to you in the simplest way possible.

[10:19] try to explain it to you in the simplest way possible. See you later, and goodbye.