How can I identify if a front running crypto bot is affecting my trades?
Cheshta ChhabraNov 26, 2021 · 3 years ago3 answers
I suspect that a front running crypto bot may be impacting my trades. How can I determine if this is the case? Are there any specific signs or indicators to look out for?
3 answers
- Nov 26, 2021 · 3 years agoOne way to identify if a front running crypto bot is affecting your trades is to analyze the timing of your orders. If you consistently notice that your trades are being executed at worse prices immediately after you place them, it could be a sign of front running. Additionally, if you observe unusually high trading volumes or sudden price movements right after you submit an order, it may indicate the presence of a front running bot. Keep in mind that these signs alone may not be conclusive evidence, but they can raise suspicion and warrant further investigation.
- Nov 26, 2021 · 3 years agoAnother method to detect the impact of a front running crypto bot on your trades is to monitor the order book. Look for instances where your orders are consistently being front-run, meaning that someone is placing orders ahead of yours to take advantage of the price movement. This can be identified by observing the order book and noticing that orders are consistently being placed just before yours at slightly better prices. If you notice this pattern consistently, it could be an indication of front running.
- Nov 26, 2021 · 3 years agoAt BYDFi, we understand the concerns around front running and take measures to prevent it. However, it's important to note that front running is a complex issue and can be challenging to definitively identify. It's recommended to consult with a professional or seek assistance from your exchange's support team to investigate any suspicions of front running. They may have access to additional tools and data that can help determine if a front running crypto bot is affecting your trades.
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