Topic: Arbitrage bots? - page 2. (Read 4238 times)
Back when mtgox was around arbs were easy.
Go and try butterbots, i was told it works.
All arb bots really have very little chances of actually working as the spread between exchanges is generally less then 2x the average trading fee (you need to pay one fee to buy and one fee to sell). Not only this but you would also need to wait for confirmations to be able to use your recently bought and deposited bitcoin, making you chances of profiting less. If you did not want to wait for confirmations then you would need to employ 2x the capital (and get 1/2 the return after accounting for fees).
Go and try butterbots, i was told it works.
OmarBessa: what language are you using for coding? I use java and I'm looking for a collab.
If such bot exists, I doubt anyone will share it for free.
For arbitrage you should have got altcoins (ex. LTC) and mastercoins (ex. BTC) on some exchanges. For example: 1 BTC, 100 LTC on Cryptsy and 1 BTC, 100 LTC on Btc-e. If exchanges rates are difference you should buy some LTC on one exchange and sell LTC on another exchange.
You need to align the balance on the exchanges once a day or a week. For monitoring price on the different exchanges you can use https://bitcointalksearch.org/topic/traderhelper-20-poloniex-added-with-source-715620 open source project.
You need to align the balance on the exchanges once a day or a week. For monitoring price on the different exchanges you can use https://bitcointalksearch.org/topic/traderhelper-20-poloniex-added-with-source-715620 open source project.
Take it from someone who has an arbitrage bot: the risk is higher than it should be. At least when doing USD->BTC->Alt Coin->BTC->USD, I did all the hard work of computing the nuances, and transaction times coupled with some exchanges' arbitrary measures make some arbitrage opportunities disappear altogether.
What's more, there aren't as many arbitrage opportunities as it may seem, at least not in my tests. I hope to be wrong, because it would be very attractive to have successful automatic arbitrage.
Perhaps it could work just fine in some cases which I haven't yet considered. So far, my own experience has been sub-par.
What's more, there aren't as many arbitrage opportunities as it may seem, at least not in my tests. I hope to be wrong, because it would be very attractive to have successful automatic arbitrage.
Perhaps it could work just fine in some cases which I haven't yet considered. So far, my own experience has been sub-par.
Are there any actual arbitrage bots that work?
No.The spread are too tight across exchanges for arbitrage to work because trading fees would eat up your profit.
i think he is talking about the classic arbitrage between exchanges.
https://bitcointalksearch.org/topic/m.7988908
look this, there is a man who is making a arb bots for bitfinex, lakebtc and btc-e
look this, there is a man who is making a arb bots for bitfinex, lakebtc and btc-e
Are there any actual arbitrage bots that work?
No.The spread are too tight across exchanges for arbitrage to work because trading fees would eat up your profit.
I am also searching for a simple one.I heard Butterbot is good but seems complex.
Are there any actual arbitrage bots that work?
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