In purely economic terms, the term arbitrage is generally used to refer to the process of buying market coins when they are at low prices on a given exchange platform then selling the coins at higher prices in a different exchange platform. For example, we have the Arbitrage platform, which is very important in online trading and promises to provide its subscribers almost 1,000 chances per month to sell and buy coins. To achieve this, then the platform has to use arbitrage trading robots to help them in determining when to buy and sell.
In general terms, these are trading bots that are programmed to connect with a users cryptocurrency exchange where they are automated to make trades on their behalf. You can practically be asleep while the bots make these transactions online. As technology keeps on changing, the crypto trading bots keep on also evolving with more sophistication and improved functionality and its overall reliance. Most developers of these programs have since refused to disclose their locations come claiming that the system is perfect and results in huge profits.
How arbitrage trading robot works
Arbitrage trading robots are computer programs that function by use of market indicators in the cryptocurrency industry to automatically detect trends and execute trades on the trader’s behalf. The arbitrage coins like the choice of Bitcoin, for example, will use an exchange bot that is tasked on finding gaps in the cryptocurrency prices found in two or more distinct exchanges. If an opportunity is found, the bot will execute the trade. Its use is on the rise as it promises quick profits which are deposited in customers account after every trade.
Examples of arbitrage trading robots
Some of the popular trading robots in this market allows traders to execute trades which have already been automated easily. They use a number of different exchanges, such as BitFinex, YoBIT, and Cryptopia. They are easy to use and understand since they allow the users to easily track down the daily trades which include the ability to trace or trail stop losses.
As well as that, there is also open source software that allows Bitcoin users to trade automatically. Users can execute common cryptocurrency trading strategies where it has the ability to calculate the market indicators and do automatic aggregations before executing any sell or buy orders. The software is not new hence its functionality is less sophisticated when compared to other advanced bots. Most of the features that people currently look for are limited.
How to use it
Most of the software used in arbitrage trade is easy to use whereby they only require one to sign up, deposit cash and command it to get started. The sign-up process requires you to verify your email address, then log in with your chosen user name and password. The last step is to make your deposit into one of the arbitrage coins, and then money comes in or out.