Crypto Triangular Arbitrage on Binance still profitable ?

[richard7777777]

I'm a python programmer and I would like to create a bot what can find and trade profitable arbitrage opportunities.
But I've noticed there are quite a lot of commercial companies who offer such arbitrage bots.
I'm wondering if anyone use such service or bot and if it's still profitable?

[mk4]

I'm wondering if anyone use such service or bot and if it's still profitable?

I personally don't use them, but I do a bit of trading on the side. Is it profitable? Take note that the bot is just sort like the 'shell'. The profitability will completely depend on the indicators and pretty much your overall strategy. Don't look at bots as something you would just turn on and make you money forever without interacting with it and adjusting the indicators and stuff.

[milewilda]

I'm wondering if anyone use such service or bot and if it's still profitable?

I personally don't use them, but I do a bit of trading on the side. Is it profitable? Take note that the bot is just sort like the 'shell'. The profitability will completely depend on the indicators and pretty much your overall strategy. Don't look at bots as something you would just turn on and make you money forever without interacting with it and adjusting the indicators and stuff.

This had always been the first impression on most newbies that these bots can generate easy profits for them without even knowing or realizing that
these things do still need to be tweaked up by the user itself and when they do lost up their money or capital they do took the blame with the bot.lol

[richard7777777]

I'm creating/using 'Trading-bots' over 20 years.
All 'bots' made me a pretty decent income, however, once to many investors discover the strategy what is build in the bot, the trick won't work anymore.
So that's why I was wondering how many people using arbitrage on Binance.

[mk4]

So that's why I was wondering how many people using arbitrage on Binance.

The answer: I'm pretty sure it's a lot. Simply due to the fact that Binance has great liquidity and trading volume, so it would probably be wise for you to choose Binance to be one of the exchanges to arbitrage to and from.

But then again, it completely depends on some factors. What percentage threshold? What exchanges would your bot trade? Etc. Looks like you know your stuff already anyway(assuming you've been really creating bots for 20 years), why not just build one and try it out? If you really have 20 years experience, then heck. We should be the one asking you not the other way around.

[richard7777777]

why not just build one and try it out? If you really have 20 years experience, then heck. We should be the one asking you not the other way around.

Because I know how much time it takes to develop something like this even if you doing it on top of the already exciting frameworks. Asking here around is part of my research 

[Vispilio]

Arbitrage is a huge part of trading.

You can be sure that someone is doing arbitrage in all efficient markets, and usually using bots.

So obviously it's happening, whether you can create a fast enough script with the correct parameters to compete in the world of arbitrage trading is the question, and if you are passionate about coding trading strategies, it's definitely worth a shot,

and Python is a great language to do it in.

[ryzaadit]

The problem, profit was really small using a third parties company.

The profit can't cover rent costs from their service, also a few user got a bad accident with their asset by using a bot service. They losing his capital, that's why i don't really about a Bot/Robot trading.

[crwth]

We all know that there are a lot of inequality and inconsistencies in the market. Imagine profiting and taking advantage of that imbalance in the market. Ideally, it would be the best strategy to have the risk free strategy everyone wants to have for in trading.

This would be perfect if you could

• Trade it instantaneously when the market shows the opportunity
• Scan all the markets with this price unevenness with numerous currencies
• Control the amount of percentage price markets moves

There are a lot more advantages by using this kind of strategy, and a Bot that would automatically do all those things would be ideal. Imagine running it completely automatically and 24/7, it could be advantageous. Just like what the developers of Gunbot are doing, bitRage

[pooya87]

as someone who has a bot like this and have tried it for a long time (not recently though) i can tell you that it is always profitable BUT the problem is that such profits are not really that high to justify the effort of spending time to code it and then spending time running it. they are usually small and on top of all that, there is a huge risk involved for when the market changes.
for example the orders you have your eyes on could simply be filled the moment you want to fill them and you get stuck holding some shitcoin that you didn't want to. eventually you would be forced to make a choice of dumping it at a lower price and losing money.

[MonsterV]

I myself used to use bots in trading and well it is true, bots are profitable but that is not much, maybe only 1-2% of traded capital. But I experienced a disaster at that time, when I was busy and did not control bot that I run, at same time market changed due to whale and my bot was chaotic, my capital began to be eat by the bot.

So in my opinion, bots are really good if you are reliable enough to make a trading strategy, surely you need to think carefully in making complex algorithms so that no leaks occur when bot is run.