Is it bad for the arduino If I leave it running code 24/7?
Nope.
I have an RFremote control, it runs 24/7. Course its in powerdown sleep mode, but its still running waiting for an interrupt to occur.
CrossRoads:
Nope.
Ok cool thanks!
Be careful of things like millis() overflows and stuff like that if you're going to have something running for that long.