Binance Bot Made 16% in 10 Days?
45sThe high profit percentage (16% in 10 days) is attention-grabbing and sparks curiosity among crypto traders.
▶ Play ClipAI Summary
This video reviews the performance of a spot grid trading bot on Binance over a 10-day period, showing a 16% profit on a $200 investment. The creator demonstrates how to access bot statistics, view transaction history, and close the bot, while also discussing the overall profitability of trading bots.
Chapters
[00:02]
Bot Overview
The video continues a series on Binance trading bots, focusing on a spot grid bot on the DOGE/USDT pair.
[00:18]
Accessing Bot Dashboard
Navigate to Binance app home, click 'More', scroll to 'Trade', then select 'Trading Bots'.
[00:33]
Bot Performance Stats
The bot has been running for 10 days and 1 hour, with a total investment of $200, price range 8-32 cents, 80 pending orders.
[01:01]
Profit Breakdown
Total profit $32 (16% of investment), grid profit $2.8 (1.4%), and profit from price rise $29 (4%).
[01:34]
Transaction History
Clicking on the bot shows detailed PNL, open orders, and history of completed transactions.
[02:05]
Withdrawing Profit
Profit can be withdrawn directly from the bot interface.
[02:21]
Closing the Bot
To close, click 'End', choose to sell all coins, then confirm. The bot will settle and show final profit.
[02:50]
Bot History
The user has opened 32 bots previously, including test bots and copy trading bots.
The spot grid bot on DOGE/USDT yielded a 16% profit in 10 days, demonstrating the potential of Binance trading bots. The video provides a practical walkthrough of monitoring and closing bots.
Clickbait Check
85% Legit"Title promises strong profits and delivers a 16% return in 11 days, though results may vary."
Mentioned in this Video
Tutorial Checklist
Study Flashcards (7)
How long had the trading bot been running at the time of the video?
easy
Click to reveal answer
How long had the trading bot been running at the time of the video?
easy
Click to reveal answer
10 days and 1 hour.
00:48
What was the total investment amount for the bot?
easy
Click to reveal answer
What was the total investment amount for the bot?
easy
Click to reveal answer
$200.
00:48
What was the total profit percentage over 10 days?
easy
Click to reveal answer
What was the total profit percentage over 10 days?
easy
Click to reveal answer
16%.
01:01
What was the grid profit amount and percentage?
medium
Click to reveal answer
What was the grid profit amount and percentage?
medium
Click to reveal answer
$2.8, which is 1.4%.
01:18
What was the profit from the currency's rise?
medium
Click to reveal answer
What was the profit from the currency's rise?
medium
Click to reveal answer
$29, about 4%.
01:18
How many pending orders did the bot have?
medium
Click to reveal answer
How many pending orders did the bot have?
medium
Click to reveal answer
80.
01:01
What steps are needed to close the bot?
hard
Click to reveal answer
What steps are needed to close the bot?
hard
Click to reveal answer
Click 'End', choose 'Sell all coins', then confirm.
02:21
💡 Key Takeaways
📊
16% Profit in 10 Days
Demonstrates significant short-term returns from a grid trading bot.
01:01
🔧
Bot Configuration Details
Shows specific parameters like investment, price range, and orders for replication.
00:48
🔧
Closing Bot Procedure
Provides clear steps to safely exit a bot position.
02:21Full Transcript
[00:02] to a new video. We're continuing our series on trading bots or instant trading robots on the Binance platform. We previously opened a trading bot on the Together currency pair, so let's see how long this bot has been running, whether it's made profits or losses, and understand all of this
[00:18] together. First, go to the home page of the Binance app. Click here on More, like this. Scroll down a little, like this. Scroll down to the word Trade, and you'll find Trading Bots here. Click on it
[00:33] like this. Here's the bot we're running. At the top, you'll see the number of bots I'm running, and next to it is the number. I'm running one trading bot here, a spot grid trading bot on the Doji/USDT pair. This bot was created on July 10th,
[00:48] so it's been running for 10 days. This bot has been operating for 10 days and 1 hour, with a total investment of $200 within the price range of 8 cents to
[01:01] within the price range of 8 cents to 32 cents. The number of pending orders placed by this bot was 80. The total profit was $32, which is about 16% of our total income over 10 days. This is considered a very good figure. The percentage of profits
[01:18] achieved (the upswings and downs) was 2.8, or $2.8, which is about 1.4%. The 4% profit from the currency's rise was about 29. Now, if we go here to see the transactions it has
[01:34] made, click here. This will give you all the details for the time you are currently operating, which is your profit, open orders, and
[01:48] here. We have the history of the transactions that were done like this, which are the profits you took. Here are the details like this. All the bot's data at the moment can be found here in the details. Okay, let's go back to the PNL like this. If I
[02:05] want to withdraw the profit, I'll do it here. If I draw a profit like this, I can withdraw the profit this way. Okay, this here, this is n't considered a profit because the others do it. Okay, I can close the bot like this to show you how much the profit will be.
[02:21] I'll come here like this and do an end like this, and I'll do here that I want to sell all the Dogecoin coins I have. Okay, I'll close the bot, and after a while or
[02:33] after a few days, we'll open a new bot, and it will be on another coin. Okay, I'll click here on Confirm, but before I do it, I'll take it like this. Here, this is the number we saw; this is the profit this way. Okay, and I'll go back again. Next, click "end" like this, and then click "confirm" here.
[02:50] So, if we click on the orders like this and go to the history, we'll find the bots we opened. We opened 32 bots before, and 12 bots. This one was a test bot, and this one was also a test bot. So, these are the bots we opened like this, and these are
[03:06] the days we worked on them. Okay, this was the copy trading bot. We chose a copy trading bot here. Of course, you'll find the explanations and everything else in the description below. That's all for the video. If you liked the video, don't forget to
[03:20] subscribe to the channel and like the video. See you in the next videos. Peace be upon you and in the next videos. Peace be upon you and God's mercy and blessings.