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For getting get risk-adjusted returns, crypto bots must have functions that prevent activities resulting in money loss. One of the essential orders is "stop-loss". It removes the position in the case of prices crossing the set level.
For this purpose, developers build mathematical formulas limiting position size and setting a maximum amount that can be at risk.
To front run a large trade that will impact market prices, a crypto bot scans pending transactions and pays a higher gas so that miners execute its transaction first. It makes a profit by selling the assets at a higher price.
As Ethereum and other blockchain projects are open-source, viewing unconfirmed transactions is simple.
Slippage happens when there is a price difference between the expected trade rate and the rate at which it's executed. The main reason for slippage is market volatility. Another reason can be the lack of volume to carry out the transaction at a requested price. Slippage happens in different markets: crypto, stocks, forex, etc.
Slippage can be positive or negative, depending on whether it's favorable for the trader or not. It's possible to change slippage tolerance.
The bot allows creating accounts with all the exchanges that the trader intends to use. Based on its architecture, a crypto frontrunning bot can connect to different platforms, buying and selling assets.