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Ethereum Arbitrage Bot

Best Ethereum Trading Bots

Best Ethereum Trading Bots

Since the appearance of the first cryptocurrency ever made, Bitcoin, a large number of other cryptocoins have appeared. One of the most noticeable coins that has emerged so far is Ethereum. Like Bitcoin in its early beginnings, it is experiencing ups and downs in its price value. This is made obvious by the 2,320% increase at the beginning of the year followed by a significant fall of 22% in July. Such frantic behavior is expected of virtual coins that show signs of future success. More and more investors are keeping their savings in this currency anticipating the currencys potential. Trading bots have been of great use for those that want to spend time away from the currency market and financial new without having to constantly fret over the markets volatility. All the trading decisions are left up to bots which follow a set of parameters and algorithms to deduce when is the best time to sell or buy. Here are a few suggestions on what bots would be best for Ethereum trading: HaasOnline uses software that incorporates user suggestions into its core trading algorithm. It is permanently changing, always adding indicators and exchanges. HaasOnlines services can be accessed by subscribing, with different licenses made to fit the budgetary needs of the customers.Their customer support comes in the form of an extensive FAQ and a Wiki. If you need further assistance, you can ask other Haasbot users on their chat or forums. HaasOnline has a wide array of diverse trading bots It offers 3 licenses based on the experience of the user and they all have different pricings. The beginner license, priced at 0.09 BTC per a 3-month period, allows you to run 2 trade bots, 2 arbitrage bots, 2 order bots and 2 script bots. It also comes with a number of safeties., indicators and insurances Continue reading >>

An Etherdelta Arbitrage Bot Written In Python3 - Ethtrader

An Etherdelta Arbitrage Bot Written In Python3 - Ethtrader

An etherdelta arbitrage bot written in Python3 Aaaaand you can expect to lose most of that profit to competition now that you posted it here. 1 - 2 years account age. 200 - 1000 comment karma. Arbitrage bots are not new on the scene.In fact arbitrage today are not so profitable as in the cripto early days. The only fact is that i've never seen one written with python, that's great. Really. There were arbitrage bots doing the exact same thing before me and there will be after. This project was for fun and thus I thought a post like this could add to the community. Anyway Im working on a very powerful v2 and I probably wont post detailed information about that online. You'll notice a lot less profit coming in from arbing between centralized exchanges for 3 reasons: 1. They're easier to implement (simple API, no need to run a node, etc) 2. Spread is lower and no bid/ask cross-overs (Since a limit buy above market price results in a market buy on centralized exchanges but not on ED. Also thinner orderbooks because less market makers due to #1) 3. There's considerable risk in depositing and withdrawing on a number of exchanges, some of them specifically stating not to arb because of random delays. I've had a transfer frozen in a Bittrex/Polo arb move for (Polo's side) twice for more than 4 days, during which the arb opportunity disappeared and the value of the coin dropped. Truth is, you'll likely find that a lot of arb events occur because of wallet deposit/withdrawal issues in the first place. There's more value than you might think in having only 1 withdrawal/deposit. Of course arb bots existed before, even on smaller exchanges like ED, but the pool of people with specifically arb on ED is incredibly small and I wouldn't be surprised if a post like this just tripled the Continue reading >>

Ethereum Arbitrage Bots Keeping Bitcoin Afloat In A Near Perfect Correlation

Ethereum Arbitrage Bots Keeping Bitcoin Afloat In A Near Perfect Correlation

Ethereum Arbitrage Bots Keeping Bitcoin Afloat in a Near Perfect Correlation Bitcoin and ethereum fell around 20% today, with nearly all other digital currencies in complete red as their total market cap falls below $100 billion. The dive appears to have mainly been caused by bitcoin as the currency faces heightened uncertainty over its future following a statement by Bitmain, one of bitcoins biggest miner, that they will hardfork on August the 1st if the flag day soft fork known as UASF goes ahead. That means the currency may split into two, which would likely create some short term chaos, so in anticipation bitcoin investors appear to be divesting, sending its price down by nearly $1,000, currently trading at $2,200 as of writing. In the process, ethereum seems to have been dragged down too, with the currency falling by nearly $100, currently trading at $308, a high it reached just two-three days ago. The two currencies have been moving downwards in sync, as if theyre one, in what appears to be a perfect correlation of sorts. Current correlation between bitcoin and ethereum. Meanwhile, the bitcoin ethereum trading pair on Poloniex shows a nearly perfect straight line during the same time range even though both currencies have plunged. A complete straight line for the bitcoin ethereum traiding pair at Poloniex. That means what is probably happening here is bots. The arbitrage bots are probably in frenzy, likely selling eth at any movement of bitcoin, sending its dollar pair down while keeping its btc ratio flatline. But can that really be true considering the ETH/BTC pair is fourth by trading volume for ethereum, although it is first for bitcoin? Logically youd think all the fiat pairs would in combination have far greater influence, but arbitrage can be free money. M Continue reading >>

Top 6 Bitcoin Arbitrage Bots

Top 6 Bitcoin Arbitrage Bots

Cryptocurrency exchanges are the convenient gateway to buying and selling bitcoin and other cryptos. As one would expect, these exchanges also create arbitrage opportunities. Taking advantage of these gaps between bitcoin prices can be quite difficult, especially when things need to be done manually. Thankfully, there are some bitcoin arbitrage bots which facilitate the process somewhat. The Crypto Arbitrage Trader bot should not be confused with C.A.T, which is a closed-source paid trading bot for cryptocurrency users. Crypto Arbitrage Traders source code can be found on GitHub . The project was initially announced in 2013 and includes support for Coins-E, BTC-E, and Vircurex. However, no major updates have occurred over the past four years, and some users complained there are a few bugs in the code. This particular bitcoin arbitrage bot can be used for different purposes, although it appears only one exchange is supported at this time. BTC-E is a somewhat popular trading platform, yet there is not always an arbitrage opportunity to take advantage of. tAPIbots source code is available on GitHub , thus allowing experienced users to implement support for other exchanges if they feel the need to do so. Bitcoin Dealer is another bitcoin arbitrage bot that can only be used for one particular exchange. In this case, that exchange is Bitstamp, which is far more popular compared to BTC-E. Bitcoin Dealer can be found on GitHub as well, although it appears the bot has not received any major developer updates for quite some time now. It is not hard to see the similarities between Bitcoin Arbitrage and Bitcoin Dealer. However, when it comes to exchanges, Bitcoin Arbitrage is more flexible, with support for Bitstamp, Paymium, and Coinbase. Using multiple exchanges increases the od Continue reading >>

Introducing Token Spread: Simple Bitcoin/crypto Spread Monitoring For Arbitrage.

Introducing Token Spread: Simple Bitcoin/crypto Spread Monitoring For Arbitrage.

People, software and process. Introducing Token Spread: Simple bitcoin/crypto spread monitoring for arbitrage. I recently launched a personal project to monitor price and bid/ask spreads for many of the popular cryptocurrencies across a handful of exchanges. Ive been tracking currencies like Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Neo and many moreacross exchanges like Bitfinex, Bittrex, Kraken, Gdax and several others. There is enormous potential for cryptocurrency arbitrage, with many signals and many opportunities each day. Some opportunities require full automation to be practical. Volume is low. Really low. Clear signals that are actionable are often constrained by volume. Bid/Ask spreads are quite high on the low-volume pairs. This introduces a lot of variability and impacts predictability of opportunity signals. Because volume is low, order books are thin. This means that the depth, or available interest at different prices is quite thin, which makes understanding the full scope of an opportunity much more complicated. For example, there may be a great trade that can net 5%, but only with a maximum of USD$3,000. The next opportunity might net 3% with an opportunity size of $5,000. And so on. Network transfer speeds are VERY unpredictable. Bitcoin (BTC) transfers between wallets can be anywhere from 10 minutes to 8 hours. Network health and bandwidth is the key factor here. BTC has different considerations than ETH, and so on. We can talk more about mining fees and their impact on these transactions, but that is largely obfuscated from the exchange investor at present. The exchanges are reasonably reliable. However, they are not even close to the level of an E-Trade or Interactive Brokers or Bloomberg Terminal. Not even close. Some of the excha Continue reading >>

Beginner's Guide To Bitcoin Trading Bots Review - Do They Work ?

Beginner's Guide To Bitcoin Trading Bots Review - Do They Work ?

Unlike the stock markets, the cryptocurrency market never closes and never sleeps, which can be a highly stressful scenario for traders and even casual investors in the industry. Users familiar with crypto investment will also be familiar with the (joyful or sinking) feeling of waking up in the morning to be greeted by a pleasant or unpleasant surprise when they check their portfolio and see large gains or losses. As a result of the volatility of the market, trading bots have become increasingly popular among traders by allowing them to remain in control of their trading at all times, with the bot not sleeping even while the trader is. In addition, a correctly specified bot allows trades to be executed faster and more efficiently than the trader would be able to do manually. The explosion of popularity in cryptocurrency has also resulted in a big increase in the number of trading bots available, either for free from open-source platforms or licensed to users in exchange for flat fees. However, it is difficult to ascertain which of them work as intended and which of them are an absolute waste of time. This post will consider the background to what exactly trading bots are and whether they work for Bitcoin trading (and more importantly, for your Bitcoin trading). It will then consider some of the best trading bots in the market today. In essence, a trading bot is a software program that interacts directly with financial exchanges (often using APIs to obtain and interpret relevant information) and places buy or sell orders on your behalf depending on the interpretation of the market data. The bots make these decisions by monitoring the markets price movement and reacting according to a set of predefined and pre-programmed rules. Typically, a trading bot will analyze marke Continue reading >>

Trading Ethereum: Making 10% Every 20 Minutes

Trading Ethereum: Making 10% Every 20 Minutes

Trading Ethereum: Making 10% every 20 minutes This is more of a "How to build your own algotrading strategy - the Ethereum edition" and not a "make money fast" blog post. It is also a real example with real returns (and real production errors that cost me money) where you can see how to identify opportunities, why algotrading is awesome and why risk management can save your ass. This is the another post of the series: How to build your own algotrading platform . I get this question almost on a daily basis. How can I find a good strategy? How can I built my own? Do I need to have a PhD in mathematics? Statistics? Newsflash: If I can write a strategy, anyone can write a strategy. Trust me on that. The only trick is to look for a simple one. Update: This post has been rewritten "at least" five times (as "The DAO drama" escalated) and it is the perfect example of a strategy doing a full circle. I started getting involved with Ethereum early on as I really liked the "run your algorithms on the blockchain" thing. When TheDAO came out, I read everything about it and loved the idea.You don't need to understand what Ethereum, theDAO, blockchain is at this point (I promise I will ramble on a another post). The same ideas apply to Forex, Stocks even Pokemon balls. As I said before, simple ideas turn into (simple?) strategies. Complex strategies turn into mayhem that is impossible to backtest and deploy without errors. I personally, have a specific way that I work. My idea in this case is that there are a couple of exchanges offering Ethereum and DAO tokens. What if there was an arbitrage between those? If something "kinda works", I am on to something. All I had to do is execute all the steps manually and write down any fees, conditions or anything that should be documented. This Continue reading >>

Bitcoin Arbitrage Opportunities: A Short Guide

Bitcoin Arbitrage Opportunities: A Short Guide

Last updated on May 23rd, 2017 at 03:08 am Bitcoin arbitrage is the buying of bitcoins on an exchange where the price is very low and selling it at an exchange where the price is relatively higher. The prices of Bitcoin vary on various exchanges, due to the fact that the markets are not directly linked, and the trading volume,on many exchanges, is low enough that the price does not adjust to the average right away. Here a great video by Andreas Antonopoulos about why these arbitrage opportunities even exist: A Simplified Example of a Bitcoin Arbitrage Opportunity The price of Bitcoin on Coinbase is $650 and the price of Bitcoin on BTC-E is $636, the difference between the prices is $14, and this is quite a decent opportunity forarbitraging. Lets say, you buy 100 bitcoins on BTC-E at the rate of $636 each and subsequently, you sell them at Coinbase at the rate of $650 each, you make $14 per Bitcoin. Lets get down to the math Price of each Bitcoin = $636 Total price = $636 * 100 = $63,600 Number of Bitcoins sold in Coinbase = 100 Price of each Bitcoin = $650 Total = $650 * 100 = $65,000 Total profit = $65,000 $63,600= $1,400 Thus, you can see that Bitcoin arbitrage seems like a wonderful opportunity to make some passive income, but there are afew barriers to it. The time it takes to verify each of the transactions (buying and selling) can add up and the exchange rate might change within that timeframe. Many exchanges require a lot of verifications in order to trade a large number of Bitcoins. Depositing fiat currency can be a time taking process (can take up to 10 days depending on your payment method). Many exchanges have fees, which I have overlooked in the given example, that you should take into account. Pay attention to the transaction volume on each exchange as you Continue reading >>

Practical Ethereum Arbitrage Experiments

Practical Ethereum Arbitrage Experiments

Inspired by anotherblogpost I decided to experiment with trading arbitrage between differentexchanges.Not so long ago there was a hardfork in the blockchain-basedcryptocurrency Ethereum. This means that we now have two Ethereums:Ethereum (ETH) and Ethereum Classic (ETC). The exchanges decided toalso support the original cryptocurrency, i.e., ETC, and so we can nowtrade ETH against ETC and the other way around. The initial idea wasthat ETHETC is such a new pair, that nobody is doing arbitrage yet. There is an API for the Krakenexchange written in python2 and an API for Shapeshift which helped me immensely. Since I like Python and Shapeshift andalready have an account at Kraken this was the way to go. The idea is to check the price of ETHETC at Kraken, and ETCETH atShapeshift and check if it is profitable to buy at one exchange andsell back at the other exchange. In Pseudocode: get fee_krakenget fee_shapeshiftwhile True { get price_ethetc_shapeshift get price_etceth_kraken if(price_ethetc_shapeshift*price_etceth_kraken*(1-fee_kraken)*(fee_shapeshift)>1) { trade } else { wait }} Naturally we can also trade the other way around. For this we needprice_etceth_shapeshift instead of price_ethetc_shapeshift and forkraken also the other way around. So the final pseudocode is asfollows. get fee_krakenget fee_shapeshiftwhile True { get price_ethetc_shapeshift get price_etceth_kraken get price_etceth_shapeshift get price_ethetc_kraken if(price_ethetc_shapeshift*price_etceth_kraken*(1-fee_kraken)*(1-fee_shapeshift)>1) { trade } else if (price_etceth_shapeshift*price_ethetc_kraken*(1-fee_kraken)*(1-fee_shapeshift)>1) { trade the other way around } else { wait }} I wrote a file kraken.py which is a wrapper around the Kraken-APIexposing the relevant functions: import krakeneximport tim Continue reading >>

Github - Kelvinau/crypto-arbitrage: Automatic Trading Bot Using Triangular Or Exchange Arbitrages

Github - Kelvinau/crypto-arbitrage: Automatic Trading Bot Using Triangular Or Exchange Arbitrages

Automatic Trading Bot using Triangular or Exchange Arbitrages If nothing happens, download GitHub Desktop and try again. If nothing happens, download GitHub Desktop and try again. If nothing happens, download Xcode and try again. If nothing happens, download the GitHub extension for Visual Studio and try again. This is an automatic trading bot using Triangular or Exchange Arbitrages. It reguarly checks and detects arbitrage opportunities, and place orders when a profit can be made. This works on any cryptocurrency pairs with minor configuration. Started with $1000 in October 2017, there were some times that this made about $40/day for a few weeks with Triangular Arbitrage on Bittrex, but as the market is getting very unstable, the profit is hard to outrun the high price fluctuation. Bittrex, Bitfinex, Bitstamp, Kraken, Gatecoin (Not maintained anymore due to its extremely low volume) Rename or copy .key_sample files under keys to .key file, and add the APIs. E.g. Create a file bittrex.key Make sure you don't push any of your API keys. Modify arbitrage_config.json for any other ticker pairs or exchanges Mock mode is enabled by default, which does not place any order and just check and show any arbitrage opportunities. To turn off mock mode and run in production, add the argument -p. The trading fee is the largest obstacle. Most of the exchanges have a 0.25% fee. The profit will be larger if the fee can be lower. Sometimes not all the placed orders are executed, so there will be some manual work to rebalance. The bot should be able to deal with this situation, such as placing a market order, instead of just cancelling the open orders. Continue reading >>

A Real Life Example Of How To Arbitrage Bitcoin And Ethereum

A Real Life Example Of How To Arbitrage Bitcoin And Ethereum

The concept of arbitrage trading has long held many a merchants fixation, especially when it can be done consistently. Arbitrage, which is the practice of simultaneously buying and selling a product or commodity for an instant profit, is usually up there along with Sports Illustrated models on a traders list of all-time favourites. Arbitrage isusually made possible by a clear differential in trading volumes between different markets. Thats because ina market where product is much more scarce, there is likely to be a somewhat higher and less consistent stream of offers. In the1970s, whencomputers made trading almost instantaneous for the first time in history, traders found they could pick up acommodity in a heavily-traded market where the price was relatively cheap andsimultaneously execute a sell order ina differentmarket where the same commodity was much more scarce, and therefore, expensive. Due to the flourishing of quantitative systems designed to spot such aberrations in the stock, bond and foreign exchange markets, there arent too many of these opportunities still lurking about any more, at least not ones retail traders can meaningfully profitfrom. Except in digital currencies. In the case of digital assets such as Bitcoin and Ethereum, in particular the past two months has represented something of a bonanza for virtual arbitragetraders. Volumes have risen sharply nearly everywhere in the world, while the primary exchangeson which digital assets trade remain somewhat cumbersome barriers to entry for many buyers. This is partly due to KYC (money laundering) hurdlesthat exchanges require in order to legally accept meaningful sized orders, and partly due to the exchanges themselves, which, depending on where they are located, often limit selling amounts to a daily Continue reading >>

Gimmer - Bitcoin Bot

Gimmer - Bitcoin Bot

Make money by renting your strategies to other customers through the bot store Multi-coin trading allowing you to select multiple coins to trade against, the bot work with Bitcoin, Litecoin, Ethereum, Dash and many others Free backtesting allowing you to test your strategy over a previous trading period to see how it would have performed based on historical data Simulator mode allowing you to trial a strategy in real time, without real currency so the user can get confidence Add from many indicators to your strategy to maximise your trading Add from many safeties to your strategy to limit or prevent any losses Choose between different trading modes and to select the format to indicators work together Arbitrage trading, make profits by trading the different coin prices between exchanges, buy bitcoin or other crypto on the cheapest exchange and sell on the most expensive. Social trading network so you can connect to other traders and discuss strategies A portfolio of bots (minimum of 2 strategies) which is based on a customer risk profile. This is aimed mostly at customers looking for a more investment focus Make loans, using the artificial intelligence to invest in the currency that has the most deficit, Bitcoin, Litecoin, Dash, Dollar, thus, earning a greater interest Onboarding process to identify the user's risk profile to create a personalised investment. Lightweight decentralized application - DAPP Continue reading >>

How To Make Your Own Tradingbot

How To Make Your Own Tradingbot

Im certainly not a great programmer, but writing this project taught me a lot (and kept me occupied). Most of my code resembles spaghetti , and if I were to refactor the python code I would use a more object orientated model. Nonetheless, I was pleasantly surprised with the results I got and the bot has made almost 100% ether profit so far. You can watch the bot frequently trade at 0xff4482de17e729e19d75d70fc005f2e4ba75905f It is an arbitrage bot. That means that it earns money from trading the difference between prices on two (or more) exchanges. As of now it is unidirectional and only trades between Etherdelta and Bittrex: they share approximately twenty eth/token pairs. Heres a diagram to illustrate how it works: Words followed by parenthesis are ethereum transactions that invoke a smart contract function call. I could have used pipermerriams python web3 wrapper to create the transactions and function calls and it would have been fairly straightforward. I needed something more reliable; a failed transaction means losing money. Every single one my GET requests needed a reply, even if the TCP packet got lost or the webserver on the other end was temporarily down. Therefore I decided to implement my own python etherscan API wrapper and used pythereum to create the transactions and etherscan to publish them. I also wrote my own requests.get decorator that is a while loop that only exits once the reply is satisfactory. Here is the code I used to encode the etherdelta json API responses as hexadecimal, rlp encoded, ethereum transactions (not for the faint hearted): The raw hexadecimal values in the closure at the bottom are the function signatures that correspond to each function. A function signature is derived from the keccak of the function and its arguments. It must b Continue reading >>

The Best Bitcoin Robot | Cryptocurrency Trading Robots 2018 | Coinlist.me

The Best Bitcoin Robot | Cryptocurrency Trading Robots 2018 | Coinlist.me

BTC Robot is almost a household name in the Bitcoin world, because it was the the first automated trading robot for crypto that emerged in the space in a big way. The formula is now well known: BTC Robot trawls the crypto exchanges looking for value discrepancies and pouncing when an opportunity presents itself. BTC Robot has been around long enough that its easy to find user experiences on the web. Reading these, youll learn that BTC Robot isnt truly idiot proof. Some people achieve incredible returns, while others struggle to break even. With experience comes better results, and fortunately BTC Robot gives you the chance to get this risk free. Their 60-day money back guarantee is a great way to try out the service, see if its for you, and potentially get out if you dont get the results you want. Of course, you can stick around if you make good money, and many users do just that! CryptoTrader is an up-and-coming crypto trading bot that has the benefit of performing all operations in the cloud. The user doesnt have to download any software, making this bot all the easier to use for beginners. CryptoTrader users have the opportunity to make money through all of the established, well-known exchanges (Coinbase, Bittrex, BitStamp, Poloniex, etc.). Another cool perk is that users can socially exchange trading strategies, and you can even make money when other users select yours! CryptoTrader is a great place to learn these complex markets. Because youll have a window into all of the popular Bitcoin trading platforms already mentioned, youll be able to see the market move in real time. Whats more, CryptoTrader can backtest any trading strategy you create or evaluate, so that you can see how these trading patterns would have performed in past real-world markets. Gekko differe Continue reading >>

Haasbot Bitcoin Bot | Automate Bitcoin And Altcoin Trades

Haasbot Bitcoin Bot | Automate Bitcoin And Altcoin Trades

Fully automate your trades on Bitfinex, BitMEX, Bitstamp, Bittrex, BTCC, BTC-E, CEX.IO, C-Cex, GDAX, Gemini, Huobi, Kraken, Poloniex, Okcoin.com and Okcoin.cn. Haasbot supports over 60 candlestick pattern indicators, which execute trades based on when specific patterns are found in the charts! Combine them with technical analysis indicators for even stronger trade signals! Our bitcoin bot utilizes industry leading indicators such as StochRSI, MACD-Histogram, PPO, Ultimate Oscillator, Ulcer Index, Regression Slope Cross, and many more. Want to configure a bitcoin trade bot to buy with one indicator, sell with another indicator, ensure your trades cover fees, and protect your investment in case the market crashes? Thats no problem with Haasbot. Haasbot utilizes the latest technology that provides you with the right set of tools to trade the way you want to and to protect your investments in extremely volitile markets. Our bitcoin bot is an all in one toolkit designed to help you get the most out of your bitcoin trades. We constantly provide updates for Haasbot to provide new features, new indicators, new insurances, new safeties, new exchanges, and new currency pairs. We also allow our users to test beta versions of our bitcoin bot software to check out new features and to get feedback to make our software better. If you run into an issue or have a question on how a specific feature or part of our software works, chances are that you will find what you are looking for on our FAQ or our Wiki. If you can't find what you are looking for, or want to chat with other Haasbot users, come by to our forums. Our bitcoin bot is designed to trade 24 hours a day, 7 days a week, and 365 days a year. Our bitcoin trading software runs with minimal resources, so you can run it in the bac Continue reading >>

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