Arbitrage Bot
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Arbitrage Bot monitors price differences from currency pairs, in relation to a , to generate a profit. The Arbitrage bot works well on exchanges that have high volume and multiple currency pairs.
Arbitrage between different exchange APIs or exchanges is NOT supported because this software does not support depositing or withdrawing coins due to security reasons.
The Arbitrage Bot works by allowing a user to choose a on a specific exchange, for which any profits will be generated in. In addition to that, the user is then prompted to change the profit threshold as a percentage. Once the user has chosen their desired profit threshold, the user can set up alternative currencies to monitor for price differences. When the Arbitrage Bot is activated, the bot will the monitor those currencies for price differences and execute trades when they reach the profit threshold. Here is an illustration of how the Arbitrage Bot works for the Bitcoin on an exchange like Cryptsy.
The Arbitrage Bot is best used with exchanges that have native support. Not all the exchanges support native and exchanges without native support may experience that the is simulated. The details as to whether or not an exchange API supports native is displayed on the exchanges API setup page.
