I've made trading bot using coinbase API. Basically what it does is that it buys BTC for 100€ and when there is any profit for example the value of that BTC is now 100.02€ it sells it. And again it buys BTC for 100€ and sells it for let's say 100.03€ now. So I would made 5c profit from 2 trades. When I ran simulations the bot performed perfectly, but when I came to coinbase I saw horrifying thing. There was 0.05% fee for every BTC buy and for every BTC sell. As you can guess I would go pretty fast to 0€ If I ran it as the profit would be smaller than the fee. But I've seen many people building bots like this and making profit from it. Soooo…is there any way to run this bot with profit ?
Submitted September 29, 2020 at 08:38AM by Dajo_01