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Showing 20 of 31 results by elpeter84
Post
Topic
Board Services
Re: Idea for crypto arbitrage service
by
elpeter84
on 21/09/2017, 13:57:49 UTC
You can earn from this I also find some exchange wallet sites in my country have different prices in terms of buy and sell I could do arbitrage in that although didn't do it not enough funds to do so, and fundamentally speaking it is hard to do.

Thanks for your comment! If things were easy - everyone would do it and then there will be no arbitrage opportunities Smiley if you visit our web site and check the development roadmap - you will see that we plan on adding the access to arbitrage data through rest-API. This will be useful for those who will create and connect their own bots into our arbitrage data in order to automate the trading processes.
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 21/09/2017, 11:04:24 UTC
For now i dont know where is the arbitrage service for crypto. But i see somewhere there is a bot for it its called GunBot. And also for future arbitrage service there will be Cindicator. You must have their token so you can use their product. Not only arbitrage but the prediction about yhe price in crypto, stock, futures and foreign exchange.

Thanks the info! Please feel free to check out our live arbitrage service for crypto: http://52.166.79.242
Post
Topic
Board Service Announcements (Altcoins)
Re: idea for arbitrage service
by
elpeter84
on 21/09/2017, 10:58:06 UTC
Hi all! We kicked off the move and as promised I would like to share with you some “plyuh-shki” for those who supported the project:

1. The power reservation: since we have 2 servers that we support, we would then prioritize processes for those who initially supported us focusing on trade route calculations (it will not matter for the small number of users, however, a growing user quanitities will start feeling it)

2. There will be an option to display exceptionally ‘inter-exchange’ arbitrage deals (the trades within one exchange). FYI: for regular users only top 10 results will be displayed based on profitability in accordance with configured settings compliance.

3. The search of the most profitable deals will be set to be configured considering all the trade routes (standard users will have limits meaning that there will a concretization into the starting and end points or else a crypto-exchange and currencies)

4. A future option will be added to increase the depth of search with up to 10 arbitrage transactions.

5. The limit related to cycle deals will be disabled. This improvement will be a convenient option proceeded within the inter-exchange trade. As a result after 2-3 currency circles there will be an opportunity to rounds up several cycles in order to extract profit.
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 21/09/2017, 10:51:09 UTC
Hi all! We kicked off the move and as promised I would like to share with you some “plyuh-shki” for those who supported the project:

1. The power reservation: since we have 2 servers that we support, we would then prioritize processes for those who initially supported us focusing on trade route calculations (it will not matter for the small number of users, however, a growing user quanitities will start feeling it)

2. There will be an option to display exceptionally ‘inter-exchange’ arbitrage deals (the trades within one exchange). FYI: for regular users only top 10 results will be displayed based on profitability in accordance with configured settings compliance.

3. The search of the most profitable deals will be set to be configured considering all the trade routes (standard users will have limits meaning that there will a concretization into the starting and end points or else a crypto-exchange and currencies)

4. A future option will be added to increase the depth of search with up to 10 arbitrage transactions.

5. The limit related to cycle deals will be disabled. This improvement will be a convenient option proceeded within the inter-exchange trade. As a result after 2-3 currency circles there will be an opportunity to rounds up several cycles in order to extract profit.
Post
Topic
Board Services
Re: Idea for crypto arbitrage service
by
elpeter84
on 21/09/2017, 10:45:02 UTC
Hi all! We kicked off the move and as promised I would like to share with you some “plyuh-shki” for those who supported the project:

1. The power reservation: since we have 2 servers that we support, we would then prioritize processes for those who initially supported us focusing on trade route calculations (it will not matter for the small number of users, however, a growing user quanitities will start feeling it)

2. There will be an option to display exceptionally ‘inter-exchange’ arbitrage deals (the trades within one exchange). FYI: for regular users only top 10 results will be displayed based on profitability in accordance with configured settings compliance.

3. The search of the most profitable deals will be set to be configured considering all the trade routes (standard users will have limits meaning that there will a concretization into the starting and end points or else a crypto-exchange and currencies)

4. A future option will be added to increase the depth of search with up to 10 arbitrage transactions.

5. The limit related to cycle deals will be disabled. This improvement will be a convenient option proceeded within the inter-exchange trade. As a result after 2-3 currency circles there will be an opportunity to rounds up several cycles in order to extract profit.
Post
Topic
Board Services
Re: Idea for crypto arbitrage service
by
elpeter84
on 19/09/2017, 09:09:40 UTC
It is going to be hard to get big profit from this.

Hi metalbean ! Thanks for your comment. The arbitrage is one of the most profitable ways to trade. Especially on the crypto markets since the spread between proces on different exchanges is quite significant.

If you monitor our web site and search for live arbitrage trade path suggestions, you will find quite a few daily results with 1-2% profit margin suggestions. Please note that we've included the exchange fees into our calculations.
Say you run them at least 10 times a day, these are the risk-free profit gains.
Post
Topic
Board Services
Re: Idea for crypto arbitrage service
by
elpeter84
on 19/09/2017, 08:39:58 UTC
 Hi All,

The release day is coming closer and we are finalizing ‘my account’ feature and registration feature for users with personal trade routes. We are building API for those who want to create (code) their own bots and use our arbitrage finder services and/or be able to consolidate order books and live quotes from all exchanges. Also, we are finalizing the mobile phone and email notification feature related to arbitrage suggestions. For all those who plan on using our arbitrage service - we recommend to start getting to know the list of crypto-exchanges and open accounts there. The verification process for exchange accounts (to be able to have the highest limits and trade with all currencies) take some time so it’s recommended to open them ahead of time. And for those who wish to have the service to monitor the live quotes, all it takes is an additional patience.

I would like to remind once again that the we are facing the est. $500 monthly cost to maintain a new server  infrastructure, and so we are asking to support us with this project so that we can develop and maintain it until further stages.  We have added the ‘Support’ button on the top portion of our web site. The direct link is here: http://52.166.79.242/donate

The good news is that we have since past Saturday we have received 372 unique visitors so this is exciting news since we are working days and nights to make this project possible.

Another important thing - please don’t forget to send us your donation payment receipts so that we can prioritize some new beta  services for those who supported us (we will post more info about it later on)

Once we move to new servers this Thursday or Friday, you should be able to monitor live maintenance updates by visiting this link: http://52.166.79.242/roadmap

And most importantly, don’t forget that once we get the new domain name for our web site, we will setup an automatic redirect from the current to a new domain for the 1st week. Afterwards, we will disable the current domain (an old one) in order to provide more backend support for those who provided the initial donations. Remember that we will be adding the beta features for our sponsors first.

Thank you all once again! Feel free to shoot me any questions!

Best Regards,
Peter
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 19/09/2017, 08:30:13 UTC
Hi All,

The release day is coming closer and we are finalizing ‘my account’ feature and registration feature for users with personal trade routes. We are building API for those who want to create (code) their own bots and use our arbitrage finder services and/or be able to consolidate order books and live quotes from all exchanges. Also, we are finalizing the mobile phone and email notification feature related to arbitrage suggestions. For all those who plan on using our arbitrage service - we recommend to start getting to know the list of crypto-exchanges and open accounts there. The verification process for exchange accounts (to be able to have the highest limits and trade with all currencies) take some time so it’s recommended to open them ahead of time. And for those who wish to have the service to monitor the live quotes, all it takes is an additional patience.

I would like to remind once again that the we are facing the est. $500 monthly cost to maintain a new server  infrastructure, and so we are asking to support us with this project so that we can develop and maintain it until further stages.  We have added the ‘Support’ button on the top portion of our web site. The direct link is here: http://52.166.79.242/donate

The good news is that we have since past Saturday we have received 372 unique visitors so this is exciting news since we are working days and nights to make this project possible.

Another important thing - please don’t forget to send us your donation payment receipts so that we can prioritize some new beta  services for those who supported us (we will post more info about it later on)

Once we move to new servers this Thursday or Friday, you should be able to monitor live maintenance updates by visiting this link: http://52.166.79.242/roadmap

And most importantly, don’t forget that once we get the new domain name for our web site, we will setup an automatic redirect from the current to a new domain for the 1st week. Afterwards, we will disable the current domain (an old one) in order to provide more backend support for those who provided the initial donations. Remember that we will be adding the beta features for our sponsors first.

Thank you all once again! Feel free to shoot me any questions!

Best Regards,
Peter
Post
Topic
Board Service Announcements (Altcoins)
Re: idea for arbitrage service
by
elpeter84
on 19/09/2017, 08:23:34 UTC
Hi All,

The release day is coming closer and we are finalizing ‘my account’ feature and registration feature for users with personal trade routes. We are building API for those who want to create (code) their own bots and use our arbitrage finder services and/or be able to consolidate order books and live quotes from all exchanges. Also, we are finalizing the mobile phone and email notification feature related to arbitrage suggestions. For all those who plan on using our arbitrage service - we recommend to start getting to know the list of crypto-exchanges and open accounts there. The verification process for exchange accounts (to be able to have the highest limits and trade with all currencies) take some time so it’s recommended to open them ahead of time. And for those who wish to have the service to monitor the live quotes, all it takes is an additional patience.

I would like to remind once again that the we are facing the est. $500 monthly cost to maintain a new server  infrastructure, and so we are asking to support us with this project so that we can develop and maintain it until further stages.  We have added the ‘Support’ button on the top portion of our web site. The direct link is here: http://52.166.79.242/donate

The good news is that we have since past Saturday we have received 372 unique visitors so this is exciting news since we are working days and nights to make this project possible.

Another important thing - please don’t forget to send us your donation payment receipts so that we can prioritize some new beta  services for those who supported us (we will post more info about it later on)

Once we move to new servers this Thursday or Friday, you should be able to monitor live maintenance updates by visiting this link: http://52.166.79.242/roadmap

And most importantly, don’t forget that once we get the new domain name for our web site, we will setup an automatic redirect from the current to a new domain for the 1st week. Afterwards, we will disable the current domain (an old one) in order to provide more backend support for those who provided the initial donations. Remember that we will be adding the beta features for our sponsors first.

Thank you all once again! Feel free to shoot me any questions!

Best Regards,
Peter
Post
Topic
Board Service Announcements (Altcoins)
Re: idea for arbitrage service
by
elpeter84
on 18/09/2017, 19:22:05 UTC
Arbitrage is a secondary method of trading. it is a good idea as there can be quite a variation in prices between exchanges. The only drawback is the withdrawal fees from each site. Perhaps volume is the answer.

Thanks alva5763! I completely understand your concern on the exchange fees. And we have included them so all the profit results for each generated arbitrage are net after all the exchange fees. However, there are few things you should know:   

In order to make calculations more precise, we’ve included the following commission/fees from each crypto exchange: network fees, withdrawal fees and trading fees (maker/taker)

Please note that FOR NOW we’ve added the same 0,25% trade fee for all crypto-exchanges. This way it will put less pressure on our current server since the algorithm calculates the real-time data with over 1,5 trillion possible trades across all markets. If we put different fee % that each exchange charges, then I am afraid the current server will not make it and users may experience long delays in receive the data.

On the positive side - this 0,25% is temporary until we move to a better server infrastructure which we plan on in the next few weeks. Also, as you probably know 0,25% taker/maker fee is on the higher end and many exchanges charge less. So once we update the algorithm with applicable fees for each market, then the actual profit results should be higher.

Once again I encourage all of you to try our service if possible and provide some feedback! The best recommendation to us is that it brings value ($$$$$) to our guests. This way we know that we are on the right track.

Kind Regards,
Peter
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 18/09/2017, 13:29:54 UTC
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!
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 18/09/2017, 11:28:31 UTC
As I mentioned before, we are considering to turn it into a full-scale project but we first wanted to get your opinions and possibly test results to see if you guys could profit from it. Please provide your comments and suggestions. We are really looking forward to get your feedback! Thank you!

there is already a project started two months ago. i don't know if you already know. it is called rialto.ai you can find info here on bitcointalk. there was an ico that was a big success, price was 0,10 usd on ico days an now it is 0,3 stable without even proper exchange quotation. operations will go full scale in october 2017, they will pay a sort of dividend on the basis of % rialto tokens you posses, two times per year.

Hello bucciarati ! Thanks for the info ! Yeah we heard about them, however, our project is different from theirs:
We plan on providing informational services and access to crypto-exchanges while Rialto.ai is more of a trading platform with possible gateway through their own cryptocurrency.
Post
Topic
Board Service Announcements (Altcoins)
Re: idea for arbitrage service
by
elpeter84
on 18/09/2017, 09:51:33 UTC
Idea: Allow fetching arbitrage data via API and/or WebSockets.

Thanks EdeleGees - please see my above post with detailed answered on the features roadmap.
Post
Topic
Board Service Announcements (Altcoins)
Re: idea for arbitrage service
by
elpeter84
on 18/09/2017, 09:44:38 UTC
Good morning/day/evening/night to all!

Based on the positive feedback we got from different forums and with direct messages, we have decided to outline the dev roadmap for the next 2 weeks:

1. Add ‘my account’ feature - ability to sign up and login into your accounts.

2. Add ’notifications’ feature - ability to receive alerts based on selected parameters: exchanges, currencies, preferred min profit and arbitrage window width calculation. These notifications will be derived into the email (users with fake email accounts will not benefit from this feature); also alerts will be arriving through a Google Cloud message (Chrome notifications) and from the web site’s account interface.

3.  Add ’arbitrage window width’ calculation. Currently works in beta, however, in order to improve prognosis it needs additional 2 months of statistics/data.

4. Order book data support.  

5. Ability to setup a max profit amount on the arbitrage trade.

6.  Moving to upgraded servers with the ping rate of 1 ms to exchanges

7. Moving to a normal (letter-based) domain with https protocol. We received some feedback that some users cannot open the current domain we have since it gets blocked by antivirus programs.

8. Add access to arbitrage data through rest-API.

9. Ability to receive quotes and order books via web-sockets (and possibly through tcp)

10. Add ‘technical analysis information’ feature. This feature will be useful for those who do long-term trading. We already have this mechanism ready, just don’t have enough time and people to integrate it into the web site interface

11. Add ‘historical charts’ - this feature will allow to pull charts based on best prices and specific exchanges. Also, users will be able to add and save technical indicators into the chart.

DONATIONS - guys we are working very hard to get this setup ASAP based on your wishes and feedback. The monthly charge for hosting, servers and maintenance will cost us about $500 / month. So we are really hoping that each of you who will be using our service will be able to donate at least a portion to help us. Any amount will be greatly appreciated! This will help us to finish the features roadmap on time and provide you with an awesome tool/service in 2 weeks.  Later on today, we will be setting up a donation information section on our web site. For those who will be making donations, please send the donation receipts to us (we will also add contact info on the web site) and we will try to thank you with additional ‘early-stage’ benefits such as early access to beta-version, CPU and RAM support prioritization , etc.

Down the road, we plan on widening the development around the trading and investments such as: interface trading, order placements, balance reflection in charts and in interface. For these features we would need to setup a really high-end coding/encryption and protection. So these features will require more time to be completed.

Please provide your feedback/questions and I will be happy to answer them or where possible, prioritize requests ahead of time.

Best Regards,
Peter
Post
Topic
Board Services
Re: Idea for crypto arbitrage service
by
elpeter84
on 18/09/2017, 09:29:15 UTC
Good morning/day/evening/night to all!

Based on the positive feedback we got from different forums and with direct messages, we have decided to outline the dev roadmap for the next 2 weeks:

1. Add ‘my account’ feature - ability to sign up and login into your accounts.

2. Add ’notifications’ feature - ability to receive alerts based on selected parameters: exchanges, currencies, preferred min profit and arbitrage window width calculation. These notifications will be derived into the email (users with fake email accounts will not benefit from this feature); also alerts will be arriving through a Google Cloud message (Chrome notifications) and from the web site’s account interface.

3.  Add ’arbitrage window width’ calculation. Currently works in beta, however, in order to improve prognosis it needs additional 2 months of statistics/data.

4. Order book data support.  

5. Ability to setup a max profit amount on the arbitrage trade.

6.  Moving to upgraded servers with the ping rate of 1 ms to exchanges

7. Moving to a normal (letter-based) domain with https protocol. We received some feedback that some users cannot open the current domain we have since it gets blocked by antivirus programs.

8. Add access to arbitrage data through rest-API.

9. Ability to receive quotes and order books via web-sockets (and possibly through tcp)

10. Add ‘technical analysis information’ feature. This feature will be useful for those who do long-term trading. We already have this mechanism ready, just don’t have enough time and people to integrate it into the web site interface

11. Add ‘historical charts’ - this feature will allow to pull charts based on best prices and specific exchanges. Also, users will be able to add and save technical indicators into the chart.

DONATIONS - guys we are working very hard to get this setup ASAP based on your wishes and feedback. The monthly charge for hosting, servers and maintenance will cost us about $500 / month. So we are really hoping that each of you who will be using our service will be able to donate at least a portion to help us. Any amount will be greatly appreciated! This will help us to finish the features roadmap on time and provide you with an awesome tool/service in 2 weeks.  Later on today, we will be setting up a donation information section on our web site. For those who will be making donations, please send the donation receipts to us (we will also add contact info on the web site) and we will try to thank you with additional ‘early-stage’ benefits such as early access to beta-version, CPU and RAM support prioritization , etc.

Down the road, we plan on widening the development around the trading and investments such as: interface trading, order placements, balance reflection in charts and in interface. For these features we would need to setup a really high-end coding/encryption and protection. So these features will require more time to be completed.

Please provide your feedback/questions and I will be happy to answer them or where possible, prioritize requests ahead of time.

Best Regards,
Peter
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 18/09/2017, 09:23:02 UTC
Good morning/day/evening/night to all!

Based on the positive feedback we got from different forums and with direct messages, we have decided to outline the dev roadmap for the next 2 weeks:

1. Add ‘my account’ feature - ability to sign up and login into your accounts.

2. Add ’notifications’ feature - ability to receive alerts based on selected parameters: exchanges, currencies, preferred min profit and arbitrage window width calculation. These notifications will be derived into the email (users with fake email accounts will not benefit from this feature); also alerts will be arriving through a Google Cloud message (Chrome notifications) and from the web site’s account interface.

3.  Add ’arbitrage window width’ calculation. Currently works in beta, however, in order to improve prognosis it needs additional 2 months of statistics/data.

4. Order book data support.  

5. Ability to setup a max profit amount on the arbitrage trade.

6.  Moving to upgraded servers with the ping rate of 1 ms to exchanges

7. Moving to a normal (letter-based) domain with https protocol. We received some feedback that some users cannot open the current domain we have since it gets blocked by antivirus programs.

8. Add access to arbitrage data through rest-API.

9. Ability to receive quotes and order books via web-sockets (and possibly through tcp)

10. Add ‘technical analysis information’ feature. This feature will be useful for those who do long-term trading. We already have this mechanism ready, just don’t have enough time and people to integrate it into the web site interface

11. Add ‘historical charts’ - this feature will allow to pull charts based on best prices and specific exchanges. Also, users will be able to add and save technical indicators into the chart.

DONATIONS - guys we are working very hard to get this setup ASAP based on your wishes and feedback. The monthly charge for hosting, servers and maintenance will cost us about $500 / month. So we are really hoping that each of you who will be using our service will be able to donate at least a portion to help us. Any amount will be greatly appreciated! This will help us to finish the features roadmap on time and provide you with an awesome tool/service in 2 weeks.  Later on today, we will be setting up a donation information section on our web site. For those who will be making donations, please send the donation receipts to us (we will also add contact info on the web site) and we will try to thank you with additional ‘early-stage’ benefits such as early access to beta-version, CPU and RAM support prioritization , etc.

Down the road, we plan on widening the development around the trading and investments such as: interface trading, order placements, balance reflection in charts and in interface. For these features we would need to setup a really high-end coding/encryption and protection. So these features will require more time to be completed.

Please provide your feedback/questions and I will be happy to answer them or where possible, prioritize requests ahead of time.

Best Regards,
Peter
Post
Topic
Board Service Announcements (Altcoins)
Re: idea for arbitrage service
by
elpeter84
on 17/09/2017, 21:42:00 UTC
Earlier today we have added the live quotes for currencies feature which works across many crypto exchanges! Please visit our web site http://52.166.79.242 and click on 'Quotes' (new) link.
Post
Topic
Board Services
Re: Idea for crypto arbitrage service
by
elpeter84
on 17/09/2017, 21:34:34 UTC
Earlier today we have added the live quotes for currencies feature which works across many crypto exchanges! Please visit our web site http://52.166.79.242 and click on 'Quotes' (new) link.

Still trying to figure out on how to add screenshots to replies in here ?!
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 17/09/2017, 21:27:45 UTC
Great news! We have added the live quotes for currencies features across many crypto exchanges! Please visit our web site http://52.166.79.242 and click on 'Quotes' (new) link.

Still trying to figure out on how to add screenshots to replies in here ?!
Post
Topic
Board Speculation (Altcoins)
Re: Idea for crypto arbitrage service
by
elpeter84
on 17/09/2017, 15:55:33 UTC

FYI on the same 0,25% maker/taker trade fees:

In order to make calculations more precise, we’ve included the following commission/fees from each crypto exchange: network fees, withdrawal fees and trading fees (maker/taker)

Please note that for now we’ve added the same 0,25% trade fee for all crypto-exchanges. This way it will put less pressure on our current server since the algorithm calculates the real-time data with over 1,5 trillion possible trades across all markets. If we put different fee % that each exchange charges, then I am afraid the current server will not make it and users may experience long delays in receive the data.

On the good side - this 0,25% is temporary until we decided to move on with the project. Also, as you probably know 0,25% taker/maker fee is on the higher end and many exchanges charge less. So once we update the logic with applicable fees, the actual profit results should be higher.