What is a crypto arbitrage bot?
A crypto arbitrage bot is a tool you will use that executes a series of predefined instructions based on your user-defined settings. Our custom and trading bots can vary widely in performance and complexity, but the basic premise is the same — the bots will try to take advantage of price spread discrepancies between crypto pairs on select exchanges where the opportunity has been identified.
We’ve previously written about crypto arbitrage in a prior published article, which will give you a much greater detail into the background of this proven trading strategy.
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With our latest Haas Trade Server release there are several new bug fixes and features. We’re proud to announce two new HaasBots to our line up, the Crypto Index Bot and our C# script. Our Crypto Index Bot will allow you to grow a diversified crypto currency portfolio and the C# Script bot is geared towards advanced users who want to code their own bot. There have also been various updates for API changes that were impacting HaasBot capability with a couple crypto exchanges.
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We’re proud to announce several new features, including a new HaasBot. Our Crypto Index HaasBot allows you to grow your altcoin portfolio like a professional — we’ve created a YouTube video to help understand this new trade bot. We’ve improved our Bollinger Bands technical indicator as well as updated one of our widgets.
Note: You need to have an active Haasbot license to participate in beta testing.
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We at Haasonline Software get this question a lot, whats the most basic and profitable strategy? The answer to the question is very easy, this is a strategy where the Blind Trade Indicator is used in cooperation with the FeeOvercome Insurance.
This strategy works by trading directly as soon as the fee costs are overcome. At that moment there is just a very, very tiny difference in the market price and this is the part you are earning from. Of course this kind of earnings are very small. But it shows you in a nice way how to setup the most basic and profitable strategy possible.
Please note: this strategy does NOT work properly for exchanges with 0% fee costs.
This strategy can be expanded by replacing the FeeOvercome Insurance with a Price Percentage Change Insurance. You can set the percentages inside this Insurance by hand and adapt it slightly to get some more profits from the trades.