Someone tells you that there is a way to increase the value of your coin and simultaneously accumulate more of it. An easy way. You can just stake your coins and get a passive income. Like you can have your own masternode with as little as $1. You might earn 0.01% per day, or 10%. Depends on the day. And you don't even take the value from someone else.
Btsbots already does pretty much what you describe, and they did not ask for funding through worker or other way. Sorry bro, but you have a tough competition here.Bts bots is not easy to use and no one knows exactly what it’s programmed to do, for example it doesn’t work from the midpoint it works from the settlement price. This is not ideal. In active markets we need the option to work from a calculated mid point.
Whenever I read promises like theseQuoteSomeone tells you that there is a way to increase the value of your coin and simultaneously accumulate more of it. An easy way. You can just stake your coins and get a passive income. Like you can have your own masternode with as little as $1. You might earn 0.01% per day, or 10%. Depends on the day. And you don't even take the value from someone else.
a klaxon goes off in my head and a big red sign reading "SCAMMER" lights up.
You cannot write a bot that trades with a guaranteed profit.
If the bot was released open source on github, and could run from Ubuntu, I'd be interested.Thanks for your input. Obviously we want everyone to profit from this but the point is to provide tools to provide liquidity and orders on the books. Wether someone profits is down to the end user. The developers will be paid a fair price for their work, they won’t do it if they aren’t happy and it won’t get voted in if everyone in the community doesn’t agree. The scale of the profits given away with 1% would potentially be massive with the liquidity this bot can potentially create and is unnecessary as the developers will be paid already.
If the bot was even hard coded to give a 1% donation from all profitable trades to a hardcoded BTS user, I'd even leave that in there to support the developers myself. Of course anyone could take that out, but if I get 99% profit from using the bot, I'd use it.
btsbots.com will not support the fork because of the unreasonable trade logic.
so if this fork happened, btsbots will stop all service for Bitshares.
include feed price source and trade bots etc.
Btsbots already does pretty much what you describe, and they did not ask for funding through worker or other way. Sorry bro, but you have a tough competition here.Bts bots is not easy to use and no one knows exactly what it’s programmed to do, for example it doesn’t work from the midpoint it works from the settlement price. This is not ideal. In active markets we need the option to work from a calculated mid point.
The point of the worker proposal is to provide liquidity providing tools to the masses so that everyone can help increase liquidity on the dex. Btsbots will never provide this. Also in the proposal it offers two additional liquidity providing strategies that btsbots does not offer (triangle arbitrage and staggered orders).
Sent from my iPhone using Tapatalk
Thankyou for your opinion, can I ask your opinion on the other two strategies we intend to provide that btsbots does not?Btsbots already does pretty much what you describe, and they did not ask for funding through worker or other way. Sorry bro, but you have a tough competition here.Bts bots is not easy to use and no one knows exactly what it’s programmed to do, for example it doesn’t work from the midpoint it works from the settlement price. This is not ideal. In active markets we need the option to work from a calculated mid point.
The point of the worker proposal is to provide liquidity providing tools to the masses so that everyone can help increase liquidity on the dex. Btsbots will never provide this. Also in the proposal it offers two additional liquidity providing strategies that btsbots does not offer (triangle arbitrage and staggered orders).
Sent from my iPhone using Tapatalk
Reference price which is calculated from multiple exchanges weighted by their volume is what actually makes btsbots useful. Reference price calculated from a single market is not robust. And, btsbots is dumb easy to use, I don't know what difficulty are you talking about. You can download its source and look what is it programmed top do any time.
Whenever I read promises like theseQuoteSomeone tells you that there is a way to increase the value of your coin and simultaneously accumulate more of it. An easy way. You can just stake your coins and get a passive income. Like you can have your own masternode with as little as $1. You might earn 0.01% per day, or 10%. Depends on the day. And you don't even take the value from someone else.
a klaxon goes off in my head and a big red sign reading "SCAMMER" lights up.
You cannot write a bot that trades with a guaranteed profit.
If the bot was released open source on github, and could run from Ubuntu, I'd be interested.
If the bot was even hard coded to give a 1% donation from all profitable trades to a hardcoded BTS user, I'd even leave that in there to support the developers myself. Of course anyone could take that out, but if I get 99% profit from using the bot, I'd use it.
From alt 9 hours ago with regards to btsbots:btsbots.com will not support the fork because of the unreasonable trade logic.
so if this fork happened, btsbots will stop all service for Bitshares.
include feed price source and trade bots etc.
Oh no. We must hurry up now.
Sent from my iPhone using Tapatalk
Thankyou for your opinion, can I ask your opinion on the other two strategies we intend to provide that btsbots does not?Btsbots already does pretty much what you describe, and they did not ask for funding through worker or other way. Sorry bro, but you have a tough competition here.Bts bots is not easy to use and no one knows exactly what it’s programmed to do, for example it doesn’t work from the midpoint it works from the settlement price. This is not ideal. In active markets we need the option to work from a calculated mid point.
The point of the worker proposal is to provide liquidity providing tools to the masses so that everyone can help increase liquidity on the dex. Btsbots will never provide this. Also in the proposal it offers two additional liquidity providing strategies that btsbots does not offer (triangle arbitrage and staggered orders).
Sent from my iPhone using Tapatalk
Reference price which is calculated from multiple exchanges weighted by their volume is what actually makes btsbots useful. Reference price calculated from a single market is not robust. And, btsbots is dumb easy to use, I don't know what difficulty are you talking about. You can download its source and look what is it programmed top do any time.
Sent from my iPhone using Tapatalk
Thankyou for your opinion, can I ask your opinion on the other two strategies we intend to provide that btsbots does not?Btsbots already does pretty much what you describe, and they did not ask for funding through worker or other way. Sorry bro, but you have a tough competition here.Bts bots is not easy to use and no one knows exactly what it’s programmed to do, for example it doesn’t work from the midpoint it works from the settlement price. This is not ideal. In active markets we need the option to work from a calculated mid point.
The point of the worker proposal is to provide liquidity providing tools to the masses so that everyone can help increase liquidity on the dex. Btsbots will never provide this. Also in the proposal it offers two additional liquidity providing strategies that btsbots does not offer (triangle arbitrage and staggered orders).
Sent from my iPhone using Tapatalk
Reference price which is calculated from multiple exchanges weighted by their volume is what actually makes btsbots useful. Reference price calculated from a single market is not robust. And, btsbots is dumb easy to use, I don't know what difficulty are you talking about. You can download its source and look what is it programmed top do any time.
Sent from my iPhone using Tapatalk
I am not against another bot. I just say that open bot already exists and works very well. Reading your OP, I felt the same way as pc expressed, honestly. Just make your proposal plausible and it will be supported by community. If you mention what experience do you have in trading or developing trading bots, this will help to gain the trust.
If the bot was released open source on github, and could run from Ubuntu, I'd be interested.
If the bot was even hard coded to give a 1% donation from all profitable trades to a hardcoded BTS user, I'd even leave that in there to support the developers myself. Of course anyone could take that out, but if I get 99% profit from using the bot, I'd use it.
Bitshares does a horrible job of reporting / P&L anyway (for now), as you can't export your trade histories more than a few blocks back.
QuoteBitshares does a horrible job of reporting / P&L anyway (for now), as you can't export your trade histories more than a few blocks back.
This is true, and this is pita. If this proposal would address P&L reporting issue, I would support this worker without asking no more questions, plus offer a donation on top.
QuoteBitshares does a horrible job of reporting / P&L anyway (for now), as you can't export your trade histories more than a few blocks back.
This is true, and this is pita. If this proposal would address P&L reporting issue, I would support this worker without asking no more questions, plus offer a donation on top.
This is not true anymore :) even if we have no infrastructure developed for ElasticSearch plugin yet ...
I have a working wrapper for it here: https://github.com/oxarbitrage/bitshares-es-wrapper with some sample urls on what can be done.
API call can be constructed to get all the FILL ORDERS from an account , check the last sample of the readme. By scraping the operation and the amounts inside i suppose the p&l can be obtained.
If the bot was released open source on github, and could run from Ubuntu, I'd be interested.
If the bot was even hard coded to give a 1% donation from all profitable trades to a hardcoded BTS user, I'd even leave that in there to support the developers myself. Of course anyone could take that out, but if I get 99% profit from using the bot, I'd use it.
Don't bother trying to donate from the profit. That's a whole huge can of worms. Profit is NOT easy to calculate from a MM bot - AND, Bitshares does a horrible job of reporting / P&L anyway (for now), as you can't export your trade histories more than a few blocks back.
Coming from a seasoned market maker, I encourage you not to code in any donations based on profit. The whole point of BitShares is that you wouldn't need to anyway - that's what the Bitshares funding mechanism is for (worker).
In any case, BitShares desperately needs more liquidity. It would be cool if this helped the average user participate in market making - love this movement! Nice work!
Bot shouldn't focus too much on profit at first. Just make a way for noobs to add buy and sell walls with X% difference from feed price. More advanced techniques can come later easily.
QuoteBitshares does a horrible job of reporting / P&L anyway (for now), as you can't export your trade histories more than a few blocks back.
This is true, and this is pita. If this proposal would address P&L reporting issue, I would support this worker without asking no more questions, plus offer a donation on top.
Trading Bots: In addition to the above, the Bitshares DEX can benefit from additional trading bots. These bots should undertake trading strategies which benefits Bitspark’s overall goal of executing remittances on-chain via the DEX without leaving Bitspark vulnerable to exchange rate risk. The easiest of such bots are market makers for similar UIAs like the above aforementioned Bitcoin UIAs. These bots will take both sides of the trade and list orders at a cascading order book depth to maximise opportunities. Additional triangular arbitrage bots would be another useful addition given the increase in available pairs with the gateway.
However, making these bots accessible to the general public and also ensuring the public is aware of lucrative opportunities on the DEX is important, therefore Bitspark will Open Source all trading bots and provide additional infrastructure for monitoring, arbitrage and trading opportunities on the DEX. The additional monitoring and promotion can be in the form of notifications on the Bitspark website, gateway, mobile app and social media channels with constant monitoring of markets providing customers simple information like “3% Buy opportunity on bitUSD/bridge.BTC available now”. The more people aware of these opportunities, the better orderbook depth for Bitspark remittances.
QuoteBitshares does a horrible job of reporting / P&L anyway (for now), as you can't export your trade histories more than a few blocks back.
This is true, and this is pita. If this proposal would address P&L reporting issue, I would support this worker without asking no more questions, plus offer a donation on top.
We very much would like to include P/L reporting, but aren't quite sure how to calculate profit. Like if you trade in the BTS:EOS market, how would you report profits? You can't do it in USD, because if both go down in terms of USD, you report a loss even if the bot has made a profit. Maybe compare the outcome to just holding the initial balance - and that on a graph over time. What do you think?
Bitspark is planning to create some bots (https://blog.bitspark.io/bitspark-and-the-future-of-zephyr-roadmap/).
Bitspark is planning to create some bots (https://blog.bitspark.io/bitspark-and-the-future-of-zephyr-roadmap/). How would you cooperate?George from bitspark joined our room a while ago and did mention they were thinking of making bots available. I’ve not heard from him since, I’ll look into this more and try and co ordinate with George. There’s no need for 2 projects that are the same, we will discuss and see if we can help them or them help us. Whichever works best and is fastest. Thanks for bringing this up.QuoteTrading Bots: In addition to the above, the Bitshares DEX can benefit from additional trading bots. These bots should undertake trading strategies which benefits Bitspark’s overall goal of executing remittances on-chain via the DEX without leaving Bitspark vulnerable to exchange rate risk. The easiest of such bots are market makers for similar UIAs like the above aforementioned Bitcoin UIAs. These bots will take both sides of the trade and list orders at a cascading order book depth to maximise opportunities. Additional triangular arbitrage bots would be another useful addition given the increase in available pairs with the gateway.
However, making these bots accessible to the general public and also ensuring the public is aware of lucrative opportunities on the DEX is important, therefore Bitspark will Open Source all trading bots and provide additional infrastructure for monitoring, arbitrage and trading opportunities on the DEX. The additional monitoring and promotion can be in the form of notifications on the Bitspark website, gateway, mobile app and social media channels with constant monitoring of markets providing customers simple information like “3% Buy opportunity on bitUSD/bridge.BTC available now”. The more people aware of these opportunities, the better orderbook depth for Bitspark remittances.
Waves now have a market making bot.
https://www.reddit.com/r/Wavesplatform/comments/7i58ut/meet_the_blackbot_a_market_making_bot_by_peter/?st=JAWBXB7P&sh=caa6ed8c
Sent from my iPhone using Tapatalk
I fully support this initiative because I recently started using the btsbots.com site to help add liquidity to the DEX, but it was a pain in the butt to do.Unfortunatly a waste of time as you only got one days use of it, it’s no longer working because of the fork [emoji23]
Thankfully, I had the support of Crypto Kong which resulted in the bot working like a charm, but without his support I would never have managed.
The addition of an easy to use bot generating tool would be a huge plus for the DEX.
I personally would learn how to use it and teach others how to set it up for themselves.
I hope that this proposal can receive enough support from the community to make it a reality.
Thanks to all those involved in putting this together and I remain hopeful that we will make this happen.
Respectfully,
Kevin Messerly
kimchi-king
The draft proposal is very well detailed and thought out. Especially the payment terms bring credibility: "The received funds will be held in escrow by the Bitshares Foundation, and released at successful delivery of milestones."
-Has any software already started being coded?
-When will the worker proposal be created?
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
We will not provide servers for the purpose. Everyone has to run the bots on their own computers or servers. Many of the market making strategies are suitable for use on computers that aren't on all the time. So it will create a very redundant swarm of decentralized bots, where everyone holds their own keys, and many their own nodes.
So market making pro's can run this on a server, and normal people plus noobs can do it on a laptop. There will be a CLI version and an installable GUI version.
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
We will not provide servers for the purpose. Everyone has to run the bots on their own computers or servers. Many of the market making strategies are suitable for use on computers that aren't on all the time. So it will create a very redundant swarm of decentralized bots, where everyone holds their own keys, and many their own nodes.
So market making pro's can run this on a server, and normal people plus noobs can do it on a laptop. There will be a CLI version and an installable GUI version.
ugh, I'm out.
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
We will not provide servers for the purpose. Everyone has to run the bots on their own computers or servers. Many of the market making strategies are suitable for use on computers that aren't on all the time. So it will create a very redundant swarm of decentralized bots, where everyone holds their own keys, and many their own nodes.
So market making pro's can run this on a server, and normal people plus noobs can do it on a laptop. There will be a CLI version and an installable GUI version.
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
We will not provide servers for the purpose. Everyone has to run the bots on their own computers or servers. Many of the market making strategies are suitable for use on computers that aren't on all the time. So it will create a very redundant swarm of decentralized bots, where everyone holds their own keys, and many their own nodes.
So market making pro's can run this on a server, and normal people plus noobs can do it on a laptop. There will be a CLI version and an installable GUI version.
So do I understand correctly that your design does not need a dedicated server node (unlike btsbots)? Is this correct?
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
We will not provide servers for the purpose. Everyone has to run the bots on their own computers or servers. Many of the market making strategies are suitable for use on computers that aren't on all the time. So it will create a very redundant swarm of decentralized bots, where everyone holds their own keys, and many their own nodes.
So market making pro's can run this on a server, and normal people plus noobs can do it on a laptop. There will be a CLI version and an installable GUI version.
So do I understand correctly that your design does not need a dedicated server node (unlike btsbots)? Is this correct?
Correct. We think it's bad practice to give private keys to a third party. However, if the lack of a bot-as-a-service is a showstopper, we are ready to consider it.
Great news! I have one concern though. It is not clear from the proposal how decentralized will be your bots. Since you plan to use funding through WP, I would expect the resulting product to belong to community and server nodes to be easy to run by anybody. Btsbots is great, but it was ran in a centralized way, and wee see what happened. Could you make any comments regarding this concern?
We will not provide servers for the purpose. Everyone has to run the bots on their own computers or servers. Many of the market making strategies are suitable for use on computers that aren't on all the time. So it will create a very redundant swarm of decentralized bots, where everyone holds their own keys, and many their own nodes.
So market making pro's can run this on a server, and normal people plus noobs can do it on a laptop. There will be a CLI version and an installable GUI version.
So do I understand correctly that your design does not need a dedicated server node (unlike btsbots)? Is this correct?
Correct. We think it's bad practice to give private keys to a third party. However, if the lack of a bot-as-a-service is a showstopper, we are ready to consider it.
No, with btsbots you don't need to give private keys to a third party, but it still has a server, where web page is hosted, bot config files for every account, price feed scripts etc. This is makes it very convenient to use, because you can run your bot on your private server, and control it from any device via btsbots.com web page, but this makes it non-trivial to fork. We can't just download the source code and run the bot, because it requires data from btsbots.com, which is down (which is very pity).