One of the most powerful features of Arthur is that he has the ability to notify you when there is a trade opportunity. After configuring signals on your dashboard, Arthur can notify you when there is an arbitrage opportunity or if market conditions match those of your settings.
Picking the Right Notification Threshold
A percentage threshold will notify you if any of the coins exchange opportunities reach a certain limit. For example:
In the example above we can see a signal created whenever the price of XRP is different by at least 4% across the exchanges we have chosen in our settings. However, we need to consider a few factors before jumping into this trade:
- Trade Fees (0.1%~0.2%)
- Transfer Fees (Depends on coin and exchange)
- Current market state
Generally, it’s much safer to have a threshold difference above 3%. The more exotic the coin the higher the risk that transfer fees might be high or the volume of the market is not there to support your trade and slippage will occur. For coins that are not in the top 20, we would recommend at least a 5% threshold. Top 20 coins are much safer since even if you lose the arbitrage opportunity it’s much easier to sell them later. If you don’t want to worry about the above factors you can set a notification to 10% or higher and thus only go for these much safer opportunities. Keep in mind however that they won’t come nearly as often as the lower percent thresholds.
Setting Up Notifications
In your Arthur dashboard, go to settings, then enable Notifications. We suggest Telegram Alerts as they are the fastest way to receive notifications. Any signals created that meet your criteria will be sent to your Telegram and/or email as selected. Simply enable the email toggle and enter your email to receive notifications that way, or follow the Telegram link through the Telegram setup process. It will take you to your account settings where you can link your Telegram username