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A great suggestion indeed. I've uploaded the final product to https://github.com/tmstieff/BittrexBot

Awesome! Thanks :-)

Can this also apply to Poloniex's API?

I think with little tweaking you could make it work. I don't know exact details, but Bitfinex API requests are very similar. Although keywords in HTTP string are different. For me it seems that they all use same logic.

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