My crypto trading algorithm helps buy coins before they get listed on Binance, and automatically shorts them within 0.1 seconds upon listing

It's been nearly two months since I started working on this project and the learning curve is real. However, I am pumped to report that I finally have a functional system in place.

Here's what I learned during my time testing and developing this crypto trading bot:

• The algorithm’s achievable minimum speed of execution is 0.1s. Anything quicker will incur a temp IP ban from the Binance API.
• The algorithm buys at the peak of the initial listing even at 0.1s of the coin being listed so buying it not profitable
• Margin sell orders work in theory, however in practice, most new coins are not immediately listed on margin/futures

With those findings in mind, I had to re-think the way the algorithm works and how it can take advantage of the price jump for initial coin listings on Binance. In case you're not familiar with the behaviour that I'm referring to, have a look at this initial coin listing chart:

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https://preview.redd.it/8ie0bita2vp71.png?1504&format=png&auto=webp&s=150d5975888ca27bed2f6644377f00f80ece77b6

Most coins seem to experience a massive surge in their price at the moment of listing (usually lasts under 0.1 seconds).

I first built this bot in order to exploit this phenomenon, but even with a minium achievable speed of 0.1 seconds, this was not profitable.

So I turned to testing sell orders, and Bam - 11% profit on USDP listing ( a stablecoin no less) and 50% profit on GALA.

The testing showed that shorting coins at the moment of listing is actually profitable, now I just needed to find a way to actually do that when live.

I have added a scraper to the algorithm, a tool that looks at the Binance announcements page. This is where Binance lets everyone know that they will list a new coin within a day or two, and made so that the algorithm sends me an e-mail with the coin's name, days before the listing.

All I have to do is buy and deposit to my Binance wallet in order to be able to short. If my testing is accurate (which I believe to be but you never know lol) this would be profitable!

I will report back with some live results boys.

Here's a video where I explain everything in more details: https://youtu.be/qqXQgwuFI8s

For the source code and guide go here: https://www.cryptomaton.org/2021/09/26/crypto-trading-bot-receive-notifications-when-binance-makes-a-new-listing-announcement/