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Offline starspirit

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This idea has been mentioned in a number of previous posts. The idea is that as an alternative to entering a buy/sell/short order as a price, it could be entered as a price relative to the feed. The advantages in being able to do this could be that orders do not need to keep getting monitored and shifted around as BTSX moves around, which also incurs new fees, and it might be easier for market-makers to set a spread relative to the feed price. Maybe the idea has been superseded by a better approach to solve these problems, or maybe the technical difficulties are the problem? In any case, I was wondering what the status is.

Offline biophil

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Re: Are BitAsset orders relative to the feed price still on drawing board?
« Reply #1 on: October 15, 2014, 12:30:15 AM »
I would LOVE it if this were implemented. Then everybody could place a single pair of orders that acts as an auto-market-maker. It would make a lot of sense, IMO, since all btsx/bitasset trades are relative to the peg by design. Might as well make it easy and brainless in the client.

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Offline Markus

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Re: Are BitAsset orders relative to the feed price still on drawing board?
« Reply #2 on: October 15, 2014, 07:56:47 AM »
Check out this negative reply from BM
https://bitsharestalk.org/index.php?topic=9323.msg120763#msg120763

I still don't understand why it would be so difficult to implement this for buy-orders since it's already done for short orders.

Offline biophil

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Re: Are BitAsset orders relative to the feed price still on drawing board?
« Reply #3 on: October 15, 2014, 01:42:10 PM »
Check out this negative reply from BM
https://bitsharestalk.org/index.php?topic=9323.msg120763#msg120763

I still don't understand why it would be so difficult to implement this for buy-orders since it's already done for short orders.
Thanks for the link!
I'll have to defer to his knowledge of the codebase on this one, but I agree - it seems like it should take very little effort. Seems.

The thing is, automated bots would provide only a tiny marginal benefit over sliding orders. Sliding orders ARE trading bots, built into the protocol so everybody can use them.

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Offline bytemaster

Re: Are BitAsset orders relative to the feed price still on drawing board?
« Reply #4 on: October 15, 2014, 03:18:53 PM »
Check out this negative reply from BM
https://bitsharestalk.org/index.php?topic=9323.msg120763#msg120763

I still don't understand why it would be so difficult to implement this for buy-orders since it's already done for short orders.
Thanks for the link!
I'll have to defer to his knowledge of the codebase on this one, but I agree - it seems like it should take very little effort. Seems.

The thing is, automated bots would provide only a tiny marginal benefit over sliding orders. Sliding orders ARE trading bots, built into the protocol so everybody can use them.

Sent from my SCH-S720C using Tapatalk 2

The problem is the price feed lags and your sliding orders would be easily taken advantage of.   It isn't a technical issue, it is an economic one. 
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Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline biophil

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Re: Are BitAsset orders relative to the feed price still on drawing board?
« Reply #5 on: October 15, 2014, 08:05:17 PM »
Check out this negative reply from BM
https://bitsharestalk.org/index.php?topic=9323.msg120763#msg120763

I still don't understand why it would be so difficult to implement this for buy-orders since it's already done for short orders.
Thanks for the link!
I'll have to defer to his knowledge of the codebase on this one, but I agree - it seems like it should take very little effort. Seems.

The thing is, automated bots would provide only a tiny marginal benefit over sliding orders. Sliding orders ARE trading bots, built into the protocol so everybody can use them.

Sent from my SCH-S720C using Tapatalk 2

The problem is the price feed lags and your sliding orders would be easily taken advantage of.   It isn't a technical issue, it is an economic one.

That makes sense. Thanks for the explanation!

Offline Markus

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Re: Are BitAsset orders relative to the feed price still on drawing board?
« Reply #6 on: October 15, 2014, 09:42:20 PM »
Check out this negative reply from BM
https://bitsharestalk.org/index.php?topic=9323.msg120763#msg120763

I still don't understand why it would be so difficult to implement this for buy-orders since it's already done for short orders.
Thanks for the link!
I'll have to defer to his knowledge of the codebase on this one, but I agree - it seems like it should take very little effort. Seems.

The thing is, automated bots would provide only a tiny marginal benefit over sliding orders. Sliding orders ARE trading bots, built into the protocol so everybody can use them.

Sent from my SCH-S720C using Tapatalk 2

The problem is the price feed lags and your sliding orders would be easily taken advantage of.   It isn't a technical issue, it is an economic one.

I agree with that. I misunderstood your original reply; thought you were referring to technical difficulties implementing it.

 

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