I want to have semi-automatic iMacros script to help me on trading bitcoin.
First, the script has to scrape the price from various exchanges.
The price in USD
The price in CNY
After obtain those prices, we then calculate the "final price" in GBP using Google exchange rates.
Then, the competitor's price on Localbitcoins.com has to be checked.
For example, if the final price is 100 GBP and competitor's price is 110 GBP, you need to make it 109.99GBP to beat them.
However, if the final price is 100 GBP, and competitor's price is 99GBP, just close the trade, because there is no profit.
Things to note
1. On Localbitcoins.com, there is a form to change my price.
2. Prices from exchanges have to be scraped very often ( once every <1 min)
3. Competitor's prices have to be scraped very often ( once every <1 min). They also use the automatic system to beat the price.
4. We beat their price by 0.01 GBP. If they list 200GBP, we list our for 199.99GBP