Re:Cloud9Trader – Simple, powerful platform for algorithmic ...
by dclusin on Saturday July 07, 2018 @05:18PM
(#17480640)
Don't the fees negate the profitability of this strategy? How often do you see the spread between the rates achieving profitability when factoring in taker fees?
[ Parent
| on HN ]
Re:Cloud9Trader – Simple, powerful platform for algorithmic ...
by afinemonkey on Saturday July 07, 2018 @09:05PM
(#17481599)
Trades are only triggered when profit is > fees. Depending on the market there can be fairly large opportunities popping up (on the thousands) a few times an hour. In a triangle, you only need 1 of the 3 pairs to have an inefficiency in the book to trigger a trade.
During the december craze: very profitable. Now: better than not trading.
If I were american and had to pay higher taxes on short term gains, it would probably not be worth it.