Quote from: ahmedjamal1998 on September 18, 2017, 11:40:08 AM

I have tried arbitrage trading a few times and theoretically and on paper I was supposed to be making money.
But I ended up gaining nothing.

For example the service I used (which was actually accurate and legit) said buy "thiscoin" from Exchange A and sell on Exchange B.
I checked prices at that time on both exchanges and yes it was a profitable move. So I went and bought the coins from A and went to withdraw them. Got the deposit address from B and was ready to do it.

And then was the exclamation mark. The withdrawal fees they took for that coin (which wasn't even a well-known one) was very high. Higher than the amount I gained from the arbitrage.

Which meant that if I wanted to have a successful trade I needed to check prices, check if wallets are active, calculate profitability, check withdrawal fees, check if there's min deposit amount.
OH MY GOD !! All that just to get a few bucks ? Hell no.

So I left it once and for all.

Hello ahmedjamal1998! Thanks for your comment! Sorry to hear that you went through such a bad arbitrage experience.

There are 2 main key factors you should consider: A. the size of the arbitrage window (arbitrage opportunity may last for 10 seconds and afterwards, the entire trade chain would become unprofitable. Or arbitrage would depend on the specific amount depending on order book in each exchange. B. Crypto-exchange commissions that are charged during trades.

1. Our service provides information related to arbitrage opportunities which have the potential to stay available for an extended period of time. This is why we are planing to move to better servers as indicated in our roadmap, so that new server power would allow to generate the most precise arbitrage opportunity estimations. Such estimations are built on statistics such as: already collected arbitrage offers and current order books.

2. I have mentioned in my previous reply on the exchange commissions and that we include them in our algorithm so the profit you see already includes them. Please refer to my previous reply in this post.
You are welcome to check our current site and see if you would like to test on it or even simply review the info and provide more feedback.

Regards!