I’ve been running a market making bot on Binance with a small account (~$600) and here’s the honest truth 👇
📊 What actually happened:
Several sessions
Some BUY/SELL cycles
Net PnL ≈ breakeven to small profit
But here’s the interesting part…
📉 SOL dropped ~2%
🤖 My bot: almost flat
💡 So yeah… NOT losing money in a downtrend already feels like a win.
⚠️ Biggest mistakes I made (and I see many people repeating):
❌ Spread too wide → 0 fills → “dead bot”
❌ Inventory skew blocking BUY → only selling
❌ Order size too small → Binance rejects bids
👉 Result: bot looks “smart”… but does NOTHING
🔥 What actually started working:
✔ Spreads ~0.6% – 0.8%
✔ Inventory target ≈ 50%
✔ Focusing on PnL per TIME, not per trade
💣 Biggest realization:
A bot that doesn’t trade = worst strategy possible
Even worse than taking small losses.
🤔 Question to those running bots:
Do you prefer:
1️⃣ Wider spreads → higher profit per trade but fewer fills
2️⃣ Tighter spreads → more trades but smaller edge
📊 Right now I’m leaning toward:
“More fills > perfect trades”
But still testing…
Anyone here running Hummingbot or other MM bots on Binance?
Curious to hear real experiences 👇