Bitcoin Forum

I am sorry if this topic has been discussed in the past but I want to know if people are still using any arbitrage trading bot and if it has been beneficial and are they genuine? because I have come across lot of bots and trading automations shown in YouTube which are kind of scams as they rip off your wallet hence thought of checking if I could get any leads here which are worth trying. Need a proof as well if it has been successful.

Meanwhile I am working on creating my own trading strategy using Python and if it's successful I will share here, it's still it very initial stage as of now. 

Without customizing things like available crypto exchanges in your country, deposit & withdrawal fees and trading volumes, choosing a trading bot will not increase your profits and may be impossible to achieve manually.

Try using https://gunthy.org with gunbot, but instead of trading BTC / USDT BTC, arbitrage on altcoins pairs. This method is dangerous and high-risk, but it can provide better results compared to BTC / USDT BTC. You just need to have sufficient experience.

The days are making a decent profit from arbitrage trading are over because of the way market has changed. In bitcoin markets, they are too big and too liquid and the number of people who would perform arbitrage is too high that the profit is either zero or close to zero, assuming you don't end up losing money.
In altcoin market the additional challenge is that there aren't that many good exchanges with decent liquidity to perform the trade and make quick withdrawals if needed. This increases the risk significantly.

Do you mean you want to create your own arbitrage bot, or a normal trading bot, which one? Well, I hope you are successful with it and share your work here with us here, or at least the performance. Good luck!

However, what I know about bots generally is that they are not worth it, the only ones that are better with the performances that I know are with the traditional trading platform, so they are not being used much with cryptocurrency trading. The ones I know that are being used for cryptocurrency have not had outstanding results, most are losing and those who are surviving will be losing the money bit by bit, which could be frustrating. By the way, those are the general bots. But for the arbitrage, best of luck at that as I do not even look at it twice, I don't like such. The system that has decided not to trade per se but take advantage of market discrepancies is not fair and welcoming to me.

Again, you should not believe so much in what you see on social media. Many had been deceived by that, money has been wasted too. It was not as much as this when I started but even then, that is how they will be making mouth, but the programs will still not work.

If you search for trading bots or Bitcoin profit strategies, thousands of videos will appear to you with some Python links or applications and make you think that arbitrage trading is a simple and profitable thing, but the truth is that they are scamming you.
Most bots are not real and some of them modify the UI to make you think they are making profits.

   Well, when it comes to security risk, there are other arbitrage bots that ask for our permission to have access to our exchange account and funds. This is where I disagree, because the risk is so great that once we allow them to access our account, it's like we've given them the right, and we no longer have the right.

   It's like we're exposing our personal account to hacking and technical malfunction here, if ever, so I don't use the arbitrage bot because
it's too risky.

If you do a search for a trading bot on YouTube, you will probably find them in large numbers.  however, most of them are scams and steal your money.  some of them just present processes as if they are really working for you, but in fact they are just tricking you.  In trading, never let anyone distrub you.  you have to be independent and stand on your feet.  because if you lose, no one wants to be blamed. 


I appreciate your work, I will really wait for your creativity. Good job for you.

No I am not working on arbitrage bot but rather trying to create a normal trading bot by testing it with multiple strategy and indicators. Yes, I have checked so many YouTube videos and we can easily make out that what is being shown there are not real as they are edited to show that they have made huge profit or their bot is successful just to get more view and eventually to make more money. hence I have decided not to waste my money in these stuffs rather code it myself and test it before sharing the results here. I know it's not as easy as it looks it would take time but will give my best and thanks for your valuable advice.

You are on the right path, most of those bots either do not work or are scams, and if that is the case there is no point at all on trying to use them as a point of reference and you are better off coding your bot from scratch, however without a doubt the most difficult aspect of your project is to create a winning strategy that can be programmed into your bot, since the majority of the strategies out there rely on the instincts and the expertise of the traders themselves.

what products can be obtained freely. and how does the software work or how to set it up. because if the name of the bot will work automatically without interference from the user again.

Trading bots make things easier but in my opinion it is better not to use bots in trading.  It's just a computer program.  Trading should be done with your own intelligence.  Trading often involves trading without understanding the market conditions which can lead to unexpected losses.  On the other hand, if you trade by yourself, you will understand better market conditions and when to invest and trade with your own profit and loss in mind which a bot will not.

The bot executes trading orders when you are not present. Instead of waiting until the price reaches a certain condition, you will program the bot to do this and that if this happens and to sell at a certain price and buy at a certain price so that you can buy and sell several times when the price meets certain conditions. acts on your behalf to carry out orders, but you need to give the correct orders.

In short: no, they don't exist.

There are now very large companies behind the development of arbitrage bots that are trying to squeeze out every last millisecond. The reason for this is quite simply that the bot that reacts the fastest is the most profitable. With standard arbitrage bots, you have no chance of keeping up, and at the same time you cannot access the bot software of these companies, as they naturally guard the software like a treasure.

There are also bots for niche coins, i.e. coins with very low market capitalization and/or very low trading volumes. However, the risk with such trades is very high that you will either pay huge fees or not get the coins sold. I gave up after a short trial period.

Whether you use a bot for it, arbitrage isn't really that gonna work. Maybe when the real bull run comes and you'll go with just a manual way of trading then probably possible. But I wouldn't take a risk with that, because it usually works with bigger capitals. And with that, you'll need to move and monitor at all times to avoid slips and wrong calls.

Many of those videos doesn't really show the actual results of their trades.

Those videos are usually plain old clickbait as @OP already mentioned.
It is easy to generate significantly more clicks when there is "huge profits" or "look at my x5000!!!".

@OP
Before you start from scratch: There are also opensource trading bots that you could very well build on. Some of the bots still have a very active (and large) community. I personally have had very good experiences with Gekko, even though the project itself is no longer being developed. However, there are plenty of freely available forks: https://forum.gekko.wizb.it/index.php

Sadly, there are still a lot of people that become victims and interested on those videos. They win with that, they shill a project and then they get attention by gathering more views because of the click baits that they make. They don't mind if these viewers are going to follow their projects that they're aware of that it's possible that they might not go in the long run. And them being on that side will just make it easy as if the actual trade and finding project is an easy real thing.

No buddy the question typed recurrent topic is not all discouraged, most of the time with the help of one such topic many other people find solutions to their queries (The shy people haha). Anyway sticking to the topic OP I don't find Bots very reliable at least when it comes to handling the transaction until you know the developer's intentions or you are the developer because due to unfamiliarity with the code many people cant find out the compromises (Loop Holes ) in the codes.

Obviously, I'm pointing the their part involvement also it's good to ask publically but before any implementation, you must analyze the suggestion properly or test it on a dummy because it's a sensitive matter, you never know how reliable the provided solution is.

Becasue its internet so ABC= Always Be Careful.