Triangular Arbitrage Settings

Think of Triangular Arbitrage as finding tiny, temporary price mismatches between three different cryptocurrencies on a single exchange. Our ArbiQue bot is designed to spot these opportunities and trade them quickly to make a small profit. Here's how you can tell the bot exactly how you want it to work:

• "Auto-Off/On" - Should the Bot Trade Automatically?

  • Imagine this as the "Start" and "Stop" button for your Triangular Arbitrage strategy.

  • "Off" means "Hold On": When this is set to "Off," the bot will just sit and observe. It won't make any triangular arbitrage trades, even if it sees a good opportunity based on your other settings.

  • "On" means "Go Ahead!": When you switch this to "On," you're telling ArbiQue to actively look for and automatically execute triangular arbitrage trades whenever it finds one that meets the rules you set below.

• "Exchange" - Where Should the Bot Look for Opportunities?

  • This is like choosing which marketplace you want the bot to work in.

  • Click on the dropdown, and you'll see a list of supported cryptocurrency exchanges (like Binance, KuCoin, etc.). You can pick one or even several exchanges where you have accounts. The bot will then focus its search for triangular arbitrage opportunities on these selected platforms.

• "Amount Per Trade (USDT)" - How Much Money Should the Bot Use Each Time?

  • Think of this as setting the size of each "trade" the bot makes. Since Triangular Arbitrage often involves quick, small profits, you're telling the bot the maximum amount of USDT it can use for one complete set of three trades.

  • You'll see a minimum amount mentioned (like "Min: 50 USDT"). This is the smallest amount the bot needs to work effectively. It's important to stay above this to ensure the trades can cover fees and potentially generate profit. Be careful with this setting – it directly impacts your risk and potential profit per trade.

• "Minimum Profit (USDT)" - How Small of a Profit is Worth It?

  • This is like telling the bot, "Don't bother with a trade unless it can make at least this much profit in USDT."

  • You'll see a suggestion like "Min profit should not be less than 0.01 USDT." This is because each trade has small fees, and you want to make sure the profit is bigger than those fees. Setting this a bit higher might mean fewer trades, but each one has the potential to be more worthwhile.

• "Number Of Trade" - Do You Want to Limit How Many Trades Happen at Once?

  • This is a control switch for managing how busy your bot gets.

  • "Off" means "No Limit (Within Reason)": If you leave this "Off," the bot will try to execute as many profitable triangular arbitrage trades as it can find, as long as it has enough capital according to your "Amount Per Trade" setting.

  • "On" means "Set a Limit": If you switch this to "On," a new box will appear where you can tell the bot the maximum number of triangular arbitrage trades it should have running at the same time.

• "Number Of Trades" (Appears if "Number Of Trade" is "On") - What's the Maximum Number of Simultaneous Trades?

  • If you turned "Number Of Trade" to "On," this is where you set that limit. For example, if you enter "3," the bot will never have more than three triangular arbitrage trade sequences happening at the same time. This helps you control your capital risk and keeps things more manageable.

• "Send" (or "Save") - Make it Happen!

  • Once you're happy with all your settings, click this button. This tells ArbiQue to remember your choices. If you have "Auto-Off/On" set to "On," the bot will now start looking for and executing triangular arbitrage trades based on these rules you've defined.

Remember, these settings are like giving instructions to your automated trading assistant. Take your time to understand each one and adjust them to fit your comfort level and trading strategy. Happy trading!