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Offline alt

new dac: BTSBOTS, fund for bts trade bots
« on: December 15, 2014, 04:10:40 AM »

I  created asset: BTSBOTS
and have issued 100 million,
then I  sell these BTSBOTS for about 100 million BTS.

I have used 90% of these funds(about 90 million BTS) to run a market-maker bots at market CNY-BTS
and used 10% of these funds to run a market-maker bots at market CNY-BTSBOTS.
next, I'll give the bots ability to add issue or sub issue automatic.

Finally, I want to make the fund  run without  people's help.
I think  I can call this fund  as a DAC, any thought?

Offline xeroc

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Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #1 on: December 15, 2014, 04:21:54 AM »
AFAIK we will have relative market orders .. like:
 - buy at 99% of price (feed)
 - sell at 101% of price (feed)
making a 1% gain either way ..

I don't see why I should through my money into a bot to do that simple task for me?!
or are you going to use "more sophisticated" (read: risky) market prediction and order placing schemes like EMA stuff and so on??
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Offline alt

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #2 on: December 15, 2014, 04:40:44 AM »
AFAIK we will have relative market orders .. like:
 - buy at 99% of price (feed)
 - sell at 101% of price (feed)
making a 1% gain either way ..

I don't see why I should through my money into a bot to do that simple task for me?!
or are you going to use "more sophisticated" (read: risky) market prediction and order placing schemes like EMA stuff and so on??
because feed price have latency you can't control,
and the rule is too simple for trade.
some problem like:
1. if the price from btc38 down suddenly, you'll buy at high price.
2. if the price from btc38 up suddenly, you'll sell at low price.
3. if the rule is sell at price 0.1, there is actually a bid order at price 0.105, you can't adjust with this better price.
4. after  sell,  you  can't buy with this money automatic.
...
« Last Edit: December 15, 2014, 04:42:33 AM by alt »

Offline xeroc

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Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #3 on: December 15, 2014, 04:50:20 AM »
AFAIK we will have relative market orders .. like:
 - buy at 99% of price (feed)
 - sell at 101% of price (feed)
making a 1% gain either way ..

I don't see why I should through my money into a bot to do that simple task for me?!
or are you going to use "more sophisticated" (read: risky) market prediction and order placing schemes like EMA stuff and so on??
because feed price have latency you can't control,
and the rule is too simple for trade.
some problem like:
1. if the price from btc38 down suddenly, you'll buy at high price.
2. if the price from btc38 up suddenly, you'll sell at low price.
3. if the rule is sell at price 0.1, there is actually a bid order at price 0.105, you can't adjust with this better price.
4. after  sell,  you  can't buy with this money automatic.
...

so you basically offer an share in a trading bot .. why not .. makes sense to me .. though I wouldn't by them .. because I don't know what you are doing and your trading "engine" is also not available openly... if it was people you play it ..

though this WILL certainly become VERY (read: very very very) interesting once we have turing complete scripting that can poll external (or internal) exchange market ... it allows to implement on-chain bots ...

have I said that will be interesting to see what happens?
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Offline alt

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #4 on: December 15, 2014, 05:02:18 AM »
yes, the rule about trade is not open source,
this is based trust
because I think it's very danger once the rule is open to public
Yes, this is very interesting to see what will this bots do  :)
I have posed some trade history at this thread, and I will keep update this.
https://bitsharestalk.org/index.php?topic=11908.new#new

It's win or lose, you can see the price of BTSBOTS/CNY  :)
« Last Edit: December 15, 2014, 05:04:57 AM by alt »

Offline xeroc

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Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #5 on: December 15, 2014, 05:14:09 AM »
one more remark: put it into the UIA subforum too .. or maybe let this thread move over there
https://bitsharestalk.org/index.php?board=79.0
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Offline alt

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #6 on: December 15, 2014, 05:20:14 AM »
thanks, just find this board,
need admin help to move the thread to that board  :)

Offline consultant

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Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #7 on: December 15, 2014, 05:21:56 AM »
I thought it more like "fund" in Economic or Banking area.

By utilizing the BTSBOTS,
Firstly, you can buy/sell the BTS in a reasonable price;
Secondly, You can buy/sell a large amount of BTS while don't affect the price.

Offline testz

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #8 on: December 15, 2014, 06:14:05 AM »
thanks, just find this board,
need admin help to move the thread to that board  :)

Moved  :)

Offline monsterer

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #9 on: December 15, 2014, 04:28:36 PM »
profit graph?

maximum drawdown?
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Offline liondani

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #10 on: December 15, 2014, 04:39:38 PM »
AFAIK we will have relative market orders .. like:
 - buy at 99% of price (feed)
 - sell at 101% of price (feed)
making a 1% gain either way ..

I don't see why I should through my money into a bot to do that simple task for me?!
or are you going to use "more sophisticated" (read: risky) market prediction and order placing schemes like EMA stuff and so on??
because feed price have latency you can't control,
and the rule is too simple for trade.
some problem like:
1. if the price from btc38 down suddenly, you'll buy at high price.
2. if the price from btc38 up suddenly, you'll sell at low price.
3. if the rule is sell at price 0.1, there is actually a bid order at price 0.105, you can't adjust with this better price.
4. after  sell,  you  can't buy with this money automatic.
...
yes but that risks will not exist on next releases when orders will be possible  relative to the price feed

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Offline monsterer

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #11 on: December 15, 2014, 04:51:05 PM »
yes but that risks will not exist on next releases when orders will be possible  relative to the price feed

The risk is still there - it's called adverse selection and is a normal part of trading.
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Offline toast

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #12 on: December 15, 2014, 08:17:51 PM »
I would not call it a DAC because it does not really decentralize anything, but it is a good idea and I want to participate!
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Offline alt

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #13 on: December 16, 2014, 02:01:13 AM »
I would not call it a DAC because it does not really decentralize anything, but it is a good idea and I want to participate!
yes, it's a fake DAC, but I will make it as more as human independent
plane to do:
1. automatic increase or decrease the supply depend on BTSBOTS trade depth
2. hot backup server and automatic switch when failed.

the market for BTSBOTS/CNY have opened yesterday,  here is the history, you should buy some  :)
Code: [Select]
           time   type price(CNY/BTSBOTS) volume(BTSBOTS)    cost(CNY)
================================================================
 12-15 04:54:50   sell         0.10462      2867.58       300.00
 12-15 04:55:40   sell         0.10472      1000.14       104.73
 12-15 07:19:10   sell         0.10367      9221.22       956.00
 12-15 07:23:20   sell         0.10293      5828.94       600.00
 12-15 13:27:40   sell         0.10369      6212.23       644.16
 12-15 13:32:00   sell         0.10422      3414.07       355.80
 12-15 23:52:50   sell         0.10249     14267.19      1462.21
 12-15 23:54:10   sell         0.10250     11413.76      1169.86
 day:2014-12-15   sell         0.10314     54225.13      5592.76
----------------------------------------------------------------
 12-16 00:25:10   sell         0.10251      9130.64       936.00
 12-16 00:30:10   sell         0.10250         0.02         0.00
 day:2014-12-16   sell         0.10251      9130.66       936.00
----------------------------------------------------------------
« Last Edit: December 16, 2014, 03:47:35 AM by alt »

Offline onceuponatime

Re: new dac: BTSBOTS, fund for bts trade bots
« Reply #14 on: December 16, 2014, 02:43:55 AM »
I would not call it a DAC because it does not really decentralize anything, but it is a good idea and I want to participate!
yes, it's a fake DAC, but I will make it as more as human independent
plane to do:
1. automatic increase or decrease the supply depend on BTSDAC trade depth
2. hot backup server and automatic switch when failed.

the market for BTSDAC/CNY have opened yesterday,  here is the history, you should buy some  :)
Code: [Select]
           time   type price(CNY/BTSBOTS) volume(BTSBOTS)    cost(CNY)
================================================================
 12-15 04:54:50   sell         0.10462      2867.58       300.00
 12-15 04:55:40   sell         0.10472      1000.14       104.73
 12-15 07:19:10   sell         0.10367      9221.22       956.00
 12-15 07:23:20   sell         0.10293      5828.94       600.00
 12-15 13:27:40   sell         0.10369      6212.23       644.16
 12-15 13:32:00   sell         0.10422      3414.07       355.80
 12-15 23:52:50   sell         0.10249     14267.19      1462.21
 12-15 23:54:10   sell         0.10250     11413.76      1169.86
 day:2014-12-15   sell         0.10314     54225.13      5592.76
----------------------------------------------------------------
 12-16 00:25:10   sell         0.10251      9130.64       936.00
 12-16 00:30:10   sell         0.10250         0.02         0.00
 day:2014-12-16   sell         0.10251      9130.66       936.00
----------------------------------------------------------------

How/where do you buy some? (I don't see BTSDAC/CNY in my client)

 

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