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Topic
Board Service Announcements (Altcoins)
Re: ▆ ▇ █ARBI BOT█ ▇ ▆ HFT Triangular Arbitrage [Poloniex] [OKEx] [Yobit] [Binance]
by
rsmoka
on 19/01/2020, 09:25:01 UTC
My experience with arbi bot (LFT)

The bot scans prices and searches for triangulation opportunities using limit orders ... Even if you have latency of 4ms and a conservative strategy that you put in the configuration, the bot will execute orders of 1% 5% or up to 17% I had at the activity menu.

If bitcoin has an upward trend with very sudden movements, what the bot does is execute triangulation trades and in most cases those orders are pending due to the variation in the price of the pairs while the bot tried to triangulate.

This is because the bot operates with limit orders and you must choose the price of each pair based on the order book (pair price) everyday.

It has no filter to choose minimum gain or maximum gain, leaving the user defenseless when having to do the operations that the bot wants
It has no stop loss for limit orders so you can lose a lot of the money you put in that trade (something very common in this bot) when you stay with the altcoin / shitcoin it can take months that the bot does not sell that coin.

2 scenarios about how bot works
Altcoin goes up: nice trading !! (You can do this without triangular bot...)
Altcoin goes down: you loosing money due failed "arbitrage" triangulation. So altcoin will be on hold until you, manually, sell it for assume this loss


How bot works when bitcoin price move down/up?
The bot gains profit when the bitcoin have a downward trend since it uses a trading system called bank with DCA, where it stores the stable coin to sell them when the bitcoin falls in price (trading)

The bot does not earn profit if bitcoin has an upward trend since by sudden movements using limit orders you have to keep open orders and lose money in altcoin / shitcoins

The only good thing about this bot is the dynamic batch setting
My recommendation is that to trade, you buy a trading bot ....

The owner of this bot does not use it to earn money, he has told me that he cannot create "a money maker machine" and that he will think whether to work on my proposals ...

Therefore the conclusion is that the owner earns money from bot sales, has a community of 250 people who all sell their license and there is no one who can make a profit on arbi

The treatment by the owner of the bot towards the users is painful
The answer is always the same: "You're not smart enough to make money for my bot."

When anyone who has done arbitration we know that it is based on MARKET ORDERS, with a higher percentage of profits than losses the opposite of what this bot does ...
To use limit orders (trading) and wait for the price to move up to finish the triangulation ... which, as I said, does not have a stop loss or has a filter to choose percentage of profits to reduce losses. a totally disaster

Arbi bot = money losing machine

If you think you will earn money, dont buy it. Ask the community who has bought this bot and you will see

Best regards