Poloniex Test Bot (Triangular Arbitrage Results Analysis)

I ran a triangular arbitrage algo over the weekend on Poloniex. The results were informative and have some insights that I'd like to share with you. Long story short, I won't be deploying my bot on Poloniex.
Video interview: • #38 - Shaun of CryptoW...

[@andreyl2705]

Great job. But I want to add. There are enough arbitrage situations on Poloniex. You can even successfully pick them up faster than the rest. Therefore, the problem of triangular arbitrage on this exchange is completely different. Lack of liquidity. Most arbitrage situations correspond to $1 liquidity. And since when placing an order through the API, you should not forget about the minQuantity and minAmount parameters for a trading pair, then the liquidity of $1 is very small

[@stewheart]

I bought your course on udemy. It was an incredible learning experience 😊 hope you are well sir

[@bpdigital1617]

Great video thanks!

[@juanizquierdo2649]

Great video and very self explanatory. Wish to get in touch with you for a Binance Test Bot. Thank you!

[@CryptoWizards]

Thanks Juan, admin at cryptowizards dot net

[@TaherAlblowe]

Great content, optimizing the code is also important , take for example Numpy.sum() V.S Python Array sum() is 512 times faster , thats just one example. Also coding with C is actually more faster than Python ( fact ) :) Good luck , keep it up

[@CryptoWizards]

You definitely know your stuff. Thanks for the help man!

[@Dan-py6tb]

great video, thanks for sharing!

[@BitcoinTradingEASY]

👍😎

[@greatnessakuma5538]

Man big ups. You are a true wealth of knowledge

[@BitcoinTradingEASY]

👍👏

[@CryptoWizards]

Wow thank you!

[@xavierichiza7999]

Really good video ! Do you think that Python is fast enough for this kind of High Frequency Trading ? According to what I have read, Python is very slow compared to C# or even Java. 3 seconds is a lot in HFT

[@CryptoWizards]

Thanks Xavier. I would agree with you. Python is not really fast enough. You would want to program in C/C++ and have the bot running as close geographically to Poloniex's servers as possible. Also, you would want to use a FIX API as this is faster than the traditional WebSocket or REST API approach.

[@scarlett.whit3]

Such a great video, thanks so much for uploading! Any information on how to get ahead of competition is vital these days since most people into crypto trading have pretty efficient bots out there getting the pest opportunities already, would love to see what else you have to say and share on this topic :)

[@CryptoWizards]

Hi Scarlett, many thanks! Much appreciated! Please contact us on [e-mail] to discuss further

[@HitAndMissLab]

I wander if writing code in C# would make for faster execution then Python code.

[@mayanknagwanshi]

just wanted to point out at 8:01 , when you talk about depth (volume), you also have to take in account the order book right? for example even if you get a 0.5% opportunity at a certain price, it is only limited to the number of tokens in the order book i.e. you cannot have a volume greater than the order at that certain price. I don't know if this made sense, any thoughts?

[@CryptoWizards]

Exactly right. You have to take into account the available orderbook depth.

[@TheJakeRobinson]

Valuable thought process - could you build one coin algos and then do it for each coin so you have many faster bots working in parallel? Also, have you made a video addressing the bitcoin halving in May and how this could manifest in price based on supply and demand? Price prediction? Cheers

[@CryptoWizards]

Hi Jake, that is an interesting question. Sorry for the late reply. Should you want to still discuss this please e-mail me: [e-mail]

[@CodingJourney]

Great video! As usual 😉🙂

[@BitcoinTradingEASY]

👍😜👏

[@CryptoWizards]

Thanks hey!

[@KnowledgeIsFood]

Hi, is 3 exchange and 3 also doing triangular arbitrage? Which mean 9 possible trade for triangular arbitrage? What if have 1000 btc to 3 exchange to do triangular arbitrage?

[@CryptoWizards]

Yes, it depends on what currency you are starting with. You can trade arbitrage in both forward and reverse.

[@AlanDeepARG]

Hello! I wanted to ask you ... So in summary, is it profitable to create a triangular arbitration bot? What exchanges do you recommend doing? Is Binance a good option? As for Poloniex, I don't understand what you mean by "depth" when those opportunities that last several seconds appear. Why do they appear for so many seconds? I am from Argentina and I have a hard time understanding you in some terms. Thanks and regards

[@mounirmzabi1760]

Can i contact u?

[@CryptoWizards]

Hi Alan, good question, my apologies for taking so long to reply. Can you contact me at [e-mail] so we can discuss further?

[@___Chris___]

I wonder if the same concept still works in forex (with an ECN account)... commissions are rather low on the major pairs and a latency of 1-3 millisec isn't a problem on a VPS. But then there is the question if brokers ban you for unallowed arbitrage (terms&conditions...). I already wrote a functioning robot for this but am too scared to run it in live trading for these reasons. I know this channel is about cryptos. Nevertheless: Anybody any thoughts or practical experience?

[@CryptoWizards]

Interesting question Christian! Sorry for the late reply, let's think about this and maybe set up a call over the next weeks to discuss? Please use the following e-mail: [e-mail]

[@hadherramadhanmohammed3699]

try it on demo pro if your broker is honest his demo must exactlly the same as real account .. but be careful forex is a central market any arbitrage chance will not last more than 10 seconds with floating spread that may jumped to 3x or more then eats your profits .... cfd markets designed to stole your money

[@Ozhyy16]

great result bro,, do you release the code for public?

[@CryptoWizards]

Thanks man! I've been thinking about releasing all ML and Arb code on the CW site for members. Also been thinking of doing a course to teach folk too. Let me know thoughts?

[@Cryptonomy]

congratulations, you can share your code of phyton???

[@mounirmzabi1760]

Did he share it?

[@CryptoWizards]

Was thinking of putting all code in the members area. Just comment as to what you are interested in.

[@CryptoWizards]

Sorry not yet. Was also thinking of doing a step by step course on the code...as its a lot to take in.

[@LorenzoPrimiterra]

@@CryptoWizards I'm really interested in the code! (sent you an email)

[@mounirmzabi1760]

Great job,i hope to do that but its duficlt

[@BitcoinTradingEASY]

Hello Mounir, If you want use a crypto arbitrage bot, you can watch my channel and see the fully automated bot that I am used. best regards,

[@SC4RL3T_animations]

Do you make a custom triangular bot too ?

[@hwakcingchong5180]

Price charts prove that the future comes back to the past.

[@thomaslampe775]

Hello Shaun, thanks for the great insights into cryptocurrency. We're two entrepreneurs and would like to contact you to discuss a few ideas. How can we do that? Thomas

[@CryptoWizards]

Hi Thomas, our apologies for coming back to you so late. Please contact me at [e-mail]

[@celestine.love88]

Is it always profit?

[@lukasd3802]

Does ploniex have an api? Or how you got these results?

[@CryptoWizards]

Correct, they have an API. If you have gone through one of the courses (Triangular Arbitrage for Crypto) on Udemy or through the membership, you will learn how to calculate this exactly.

[@alnoman2582]

Its still work?

[@Gary-cc8oe]

is this triangular arbitrage for forex or crypto?

[@CryptoWizards]

Crypto brother.

[@Gary-cc8oe]

@@CryptoWizards can you show us the result?

[@AlanDeepARG]

Is there any way to communicate with you directly or by mail?

[@CryptoWizards]

Hi Alan, yes absolutely, please send an e-mail to [e-mail] and we will get back to you

[@zodotaru5347]

Binance is the way

[@bennyx1281]

Hey bro y’all have a Facebook, or telegram group?

[@CryptoWizards]

Hi Benny, apologies for the late reply. You can send us an e-mail: [e-mail]. Send us your contact details so we can get in touch with you

[@Alexander-cd5ly]

Great content! Could you share your email?

[@CryptoWizards]

Hi Alexander, absolutely - please contact us on [e-mail]