a realistic arb. plan, buy btceUSD sell lakeUSD, just need a trading bot

[daybyter]

Well, the buying and selling could be automated without much problem. The deposit and withdrawal is usually the bigger problem. I wrote code to parse the btc-e website for withdrawal, but it won't work anymore, since there is a mail confirmation required now. Might be feasable to automate this too, with some effort.

I write bots in java, maybe we could collaborate somehow.

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[cloverme]

Don't forget to take slippage into account.
http://www.investopedia.com/terms/s/slippage.asp

Also, trading bots can malfunction, be careful.
http://www.cryptocoinsnews.com/malfunctioning-bitcoin-trader-bot-causes-extremely-high-volume-bitcoin-exchange-btc-e/

[cozytrade]

Well, the buying and selling could be automated without much problem.

Yes I thought so at first. But as OP says no cash withdrawals are considered, so we can ignore this problem.

[daybyter]

I think, I'm almost there, then...

https://i.imgur.com/0lfW5YO.png

[vigsun]

This is a funds transfer plan, rather than arbitrage plan!
Of course, the arb trading can give you a very very small profit everytime, so for earning decent money that you have to trade a very very large funds.

[thefalleng2]

But how do you guys plan to move USD back to BTC-e from Lakbetc for buying Bitcoin at lower price and than repeat the process?

[GreenCoin22]

marked, a program worth considering

[daybyter]

I think, I can provide the bot if you organize the rest. Let me know, if you are interested in a collab.

[SanMerryDro]

Do not be attracted by BTC-e price, its price is low because it charged a huge amount of deposit and withdrawals fee!

[daybyter]

If the bot considers those fees properly, that doesn't really pose a problem. But I have to admit, that calculating the fees is often a problem. Some exchanges give discounts based on traded volume etc., and it's hard for a bot to get good info here. That's why I think every exchange should have an API method, that returns the fee for a potential order.

[btceuropen]

If the bot considers those fees properly, that doesn't really pose a problem. But I have to admit, that calculating the fees is often a problem. Some exchanges give discounts based on traded volume etc., and it's hard for a bot to get good info here. That's why I think every exchange should have an API method, that returns the fee for a potential order.

do you think there is still a arb profit now?

[daybyter]

Yeah. Sure. As long as you monitor enough exchanges and enough coin types, there's always some profit somewhere. I've seen most opportunities with coins, I've never heard of before.

[igl00]

i wanted to do BTC-E -> bistampt and it didnt work heh

[GreenCoin22]

Yeah. Sure. As long as you monitor enough exchanges and enough coin types, there's always some profit somewhere. I've seen most opportunities with coins, I've never heard of before.

  I remember someone told me that there is no room for arbitrage forever since the exchange fee, until now I learned that less and less fee on exchanges, so bad the guys!

it looks that I missed many money for it, you see, how high the price at LakeBTC these days, why me always hurted 

[daybyter]

igl00: it didn't work? You had a bot, checking the prices 24/7 ?

[CUNÉGONDE]

Yeah. Sure. As long as you monitor enough exchanges and enough coin types, there's always some profit somewhere. I've seen most opportunities with coins, I've never heard of before.

  I remember someone told me that there is no room for arbitrage forever since the exchange fee, until now I learned that less and less fee on exchanges, so bad the guys!

it looks that I missed many money for it, you see, how high the price at LakeBTC these days, why me always hurted 

money is always here to wait you, never late

[BTCjust]

This program looks feasible increasingly, if the markets continue as they are now

[Nrcewker]

did you check your figures on http://bitcoin-analytics.com/#xarbitrage ?

hi, what happened with your site? I can't open it yesterday and today.

[drfiber]

I heard btc-e sometimes delays their deposits by a lot, so not sure exactly if you can pull it off but who knows.

this was several months back though, so maybe they changed in terms of service with getting deposits credit right away.