Bitcoin statistical arbitrage
Recently, little-known Bitcoin (BTC) cryptocurrency attracted unprecedented hype, setting it on par with "big" currencies. Amid growing popularity cryptocurrencies trade volumes skyrocketed. Meanwhile, bitcoin trading exchanges are still very young, ineffective and lack professional players, which means that they can be successfully used for implementing various strategies like cross-exchange arbitrage. Given the bitcoin’s unusually high volatility and the fact that price differences on various exchanges often reach 20 % or even more, the potential profitability of arbitrage strategies in bitcoin market becomes huge, especially in comparison with "classical" markets. In this article we describe a unique trading strategy - Bitcoin statistical arbitrage and show how to create a MegaTrader trading robot that implements this strategy.