Hello,
I ended up getting a lot of hate mail from people who said that I am investing and therefore what I do isn't "Beer money" so I can't go into specific details and I won't share my code. That being said here is a overview of what I am doing. If you have more questions feel free to msg me and I will reply or tell you that it's to personal but give you a general idea and maybe something for you to look into.
I would look into HFT. This is what im doing abit on a much smaller scale.
Basically my program is spread between 3 RPI. One host a DB, one looks for buy trades and the last one watches my trades and when a buy order is filled it sets up a sell order. I try and maximize the number of trades and not the amount of gains on each trade. Because of this I have it set up to buy at whatever price and then add .01 to the price and try and sell. One thing to keep in mind is that the price will (For the most part) not travel in a straight line. It won't go from 10 to 10.10 unless it was a huge order. As the price starts to rise it will go to 10.01, 10.02,10.03, back down to 10.02, up to 10.03,10.04,10.05, back down to 10.03 and so on. Every time the price moves I should be closing a trade since what I am doing is basically covering all the price points hence the "dumb down" version of trading. If I was trading stocks I would use indicators like MACD, RSI but they don't work as well on Cryptos. Also, if you use an exchange that charges fees because you don't trust an oversees exchange(Which can be risky) you have to take that into account when deciding on you gain per trade.
One thing to keep in mind is that you have to set a range on what you will trade in. You don't want to have the price spike and tie a bunch of your money up which forces you to decide if you want to wait it out or take a loss. You want a limit on how high your program will buy. Also, you want a small script that detects when the price has a sudden drop. 1/15/16 was an example of why you want to look for sudden drops in price. My program detected a drop and stopped trading, sent me a text about it and waited for me to do something. I ended up jumping in mid way with a large short order and made some good money which offset the fact that I now have some money tied up until I decide to takea loss or the price goes back up.
Right now might not be a good time to put money in anything since the stock market is being rattled by china's bad market and bitcoin is having block size issues. Litecoin doesn't have the same issues but I think we are going to still see a drop in the price of Litecoin over the next few weeks maybe months. That being said, now if the perfect time to start reading about HFT and start programming something that gets prices so you can get used to trading APIs. Hopefully by the time you have something up and running the price will stabilize and the drama will be over.
DISCLAIMER:It is possible to loose money, This is investing which is why once you get it set up you don't have to spend very much time every day doing anything. If you want something more stable you should try something else. That being said I have heard of people getting their perk rewards (or any other beermoney site) getting cancelled because the site thinks you did something funny. The only safe way to earn money is getting a job.