Arbitrage bots?

[SidJames]

I did spend some time trying to 'perfect' a bot for trading inter-exchange arbitrage.
Although as stated previously it is uncommon, it does occur and at spreads that are profitable. The main problem with trying to trade arbitrage is that you are in a race with every other arbitrage bot out there to make the trade 1st and unfortunately the main factor that will affect this is your ping to the exchange compared to everyone else. This is why large investment firms pay millions to be located as near to the exchange as possible.
Add to that bot's that are set up to try and trick arbitrage bots and you find your writing more code to avoid or escape from trades than complete them.
These reasons are why my trading platform no longer has an arbitrage bot.

[1715672804]

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[1715672804]

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[1715672804]

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[daybyter]

But at the same time, it's hard to find a good business model. So it's hard to share it at all.

[joesmoe2012]

Sharing techniques for finding spreads, and details of previous experiences that are no longer available to trade doesn't harm anyone though.

[daybyter]

I did that with my screenshots...

[Atheose0]

A friend of mine used the famous Butter Bot.From his experience there are still problems with the bot.It's actually not totally reliable.There are limitations.

Bots are still in their infancy.But they will get good and accurate soon.

[DogecoinMachine]

Whats with bitcoin-trader.biz? Is this a scam or what? Some says it's just a ponzi scheme?

[AlexMine]

Guys, I'm currently developing a cloud bot which supports an inter-exchange arbitrage (at the btc-e example). It's totally cloud-based, which means that you administrate it via the client admin panel, but your own bot process runs on the GoDaddy dedicated server. What's more, you can fully control it: manually start or kill your bot process on the server, get real-time logs, change trading strategy. Now I'm involved in tests & fixes to advance it's built-in strategies and in further development to make it perform custom strategies using simple formulas on basic variables, such as volume delta (time period, abs or rel), price delta (time period, abs or rel).
Cheers

[daybyter]

What language are you using?

[joesmoe2012]

Whats with bitcoin-trader.biz? Is this a scam or what? Some says it's just a ponzi scheme?

There claims seem pretty unreasonable and they market it like a HYIP.

[hakkzpets2]

As far as I heard,all available arbitrage bots are still complex to use and in their infancy.They are okay for highly experienced trader but not for beginners.You have to learn to use them properly before going on board.

[joesmoe2012]

As far as I heard,all available arbitrage bots are still complex to use and in their infancy.They are okay for highly experienced trader but not for beginners.You have to learn to use them properly before going on board.

This is not necessarily true, many are no longer in their infancy.

I do agree that anybody considering using a bot to trade for them should learn how to properly use it, back test it, and fully understand what it does prior to putting any real money behind it - or better yet hire someone who does know what they are doing.

[daybyter]

I'm always interested in a collab to develop such a bot.