Hello everyone!
A year ago, I became curious about whether it was possible to earn money in crypto by copying the trades of other traders. Instead of investing money right away, I decided to thoroughly explore this by writing a parser that monitored about 2,000 portfolios in real-time over the course of a year.
Initially, I parsed the Traderwagon site, which unfortunately shut down. I then switched to Binance's copy trading, which was just starting out at the time.
The number of portfolios available for investment on Binance is continually growing; currently, there are over 10,000. My script only parsed a portion of these to maintain about 2,000 consistent portfolios. This was necessary to track changes in traders' positions at least every 20 minutes with the server resources I had allocated for the project.
There are several peculiarities in how my parser operates. For example, when a trader hides their positions, my script also closes them since it can't monitor hidden trades. When a trader significantly adjusts their position, such as a complete turnaround, the script exits the trade. I chose to save time on developing a more complex follow-algorithm and planned to refine it later if the testing stage proved successful. I also limited the time a trader could stay in a deal to a few days and forcibly closed positions if this period was exceeded. I observed that staying in a trade longer slightly increased the average profit/loss, whereas reducing the time allowed for reinvesting the same funds into a greater number of traders and their deals.
