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Offline Agent86

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Standard sell bitUSD order that tracks feed like a short
« on: October 01, 2014, 09:00:14 PM »

I just want to suggest an option when placing a standard sell order... you still enter your price and quantity as usual but you could have an optional check box that says don't sell below exchange rate (median feed).  So the price you enter then becomes the minimum BTSX you will accept for your bitUSD but you will get matched at the feed price ahead of all shorts and compete with them directly.  Priority should be first in first out.  This is more convenient than losing the spread by selling into whatever bid wall exists or having to carefully place your order just below feed price, only downside is you may have to wait a little for a buyer, but you will eventually move to the front of the line as other sell orders are matched and before any shorts execute.

Offline theoretical

Re: Standard sell bitUSD order that tracks feed like a short
« Reply #1 on: October 01, 2014, 09:11:01 PM »

Excellent idea.  +5%
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Offline Agent86

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #2 on: November 08, 2014, 05:20:49 PM »
bump.  I think this would also have a positive effect on the peg.

zerosum

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #3 on: November 08, 2014, 05:24:42 PM »
Even keeping in mind it is easy to game, because of slow moving feed price.
This will make the life much easier for a lot of folks. So, yes I like it. +5%
« Last Edit: November 08, 2014, 05:57:05 PM by tonyk2 »

busygin

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #4 on: November 08, 2014, 05:26:43 PM »
I like it too.  +5%

Offline Frodo

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #5 on: November 08, 2014, 05:35:07 PM »
I think this has already been discussed, but I can't find the thread right now...

Online Shentist

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #6 on: November 08, 2014, 05:37:38 PM »
I just want to suggest an option when placing a standard sell order... you still enter your price and quantity as usual but you could have an optional check box that says don't sell below exchange rate (median feed).  So the price you enter then becomes the minimum BTSX you will accept for your bitUSD but you will get matched at the feed price ahead of all shorts and compete with them directly.  Priority should be first in first out.  This is more convenient than losing the spread by selling into whatever bid wall exists or having to carefully place your order just below feed price, only downside is you may have to wait a little for a buyer, but you will eventually move to the front of the line as other sell orders are matched and before any shorts execute.

so it is a extra option? then it is ok with me.

Offline liondani

Re: Standard sell bitUSD order that tracks feed like a short
« Reply #7 on: November 08, 2014, 11:42:40 PM »
 +5%


I think this has already been discussed, but I can't find the thread right now...



I am trying a couple of months to convince them for something like Agent propose!
I hope now  (I am sure) they implement option's like these on the client!
Will help absolutely the peg and the market depth also....


PS3 I really think it will make a big difference when you let the users make orders (bid or asks) depended of the ratio...    [(bitAsset price) / (median price of realAsset)]
      For example :  buy x bitUSD at ratio:85% nobody would be afraid to make orders !!!!!!!!!!!!  for me that's the cut of the GORDIAN KNOT!!!!!!!!! That's the way to help the peg!!!!
      Then we see on the charts BIG BIG WALLS.... ;)

Is it a way to make orders depending on bitUSD/USD ratio?
I mean how can I put an order to buy bitUSD for example when bitUSD is 85% of USD and lower without the need to calculate it manual every time?

it would increase market depth if we could make orders depended of the ratio...  imagine an order like :  buy x bitUSD at ratio:85%


it would increase market depth if we could make orders depended of the ratio...  imagine an order like :  buy x bitUSD at ratio:85%

I like this idea.
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline Agent86

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #8 on: November 09, 2014, 05:11:42 PM »
Liondani,

I think allowing people to a place orders that execute at a user defined ratio to price feed would add a lot of overhead to sorting and matching orders.   But I think allowing regular sellers to sell at feed price may accomplish the most useful aspect without excessive overhead.  I also think people should be encouraged to set a floor rather than orders completely controlled by the feed.

Offline starspirit

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #9 on: November 10, 2014, 01:40:26 AM »
All - see this thread where it was last discussed as far as I know.

https://bitsharestalk.org/index.php?topic=10035.msg131047#msg131047

Offline valzav

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #10 on: November 10, 2014, 01:47:23 AM »
It also would be great to have Stop-Loss orders (http://www.investopedia.com/terms/s/stop-lossorder.asp)

zerosum

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Re: Standard sell bitUSD order that tracks feed like a short
« Reply #11 on: November 17, 2014, 10:25:19 PM »


While you are implementing those custom made orders, custom made for the so called Market86 Engine.



It will be real useful if one can short-sell a predetermined amount of a bitAsset...

The current situation is laughable...

 

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