Trading Contest on the Testnet?

[cylonmaker2053]

cool, thanks for the account value calcs; i've wondered about that. we need bots to join the trading madness and then it'll be more fun

so real life OL trading platform is buggier than the testnet IMO. i'm having repeated issues trying to place orders. i'll input either the buy/sell, press the execution buttom (buy/sell) and then nothing happens. then maybe 5 minutes later i get a trade confirmation window pop up. when i try to confirm that it tells me the order has expired. kinda annoying and reduces my trading frequency.

[merivercap]

Congratulations @cylonmaker2053 !   You are the first ever Bitshares Testnet Trading Champion!

I forgot to screen shot what I had yesterday.. but it was probably around 970k test and around 960k right now.  I just took a bunch a losses on round trip trades just to make sure to get $1,000 for the day.  I was pretty much 100% long TEST on borrowed PEG.FAKEUSD and that didn't work out.  Overall there seemed to be good market depth and spreads in the market.  Good job helping to make the market!  There seemed to be others helping to provide market depth.

As for the UI:
-The issue where you had to increase the bid after clicking on an order and auto-populating the form to actually make a transaction go through seems to have been fixed.  Great!
-It's probably better to have the buy/sell order section right below the charts and above the order book on both horizontal & veritcal modes
-You used to be able to click on an a limit order deeper in the book and it would calculate the total amount to purchase.  It would be great to have that feature back. 

I learned:
The value on the upper right is based on the last trade price of PEG.FAKEUSD/TEST, not the price settlement.
The formula is TEST + PEG.FAKEUSD + TEST Collateral - PEG.FAKEUSD borrowed.
For the real network it's: BTS + bitUSD + BTS collateral - bitUSD borrowed.  (bitUSD is based on last trade price)

The contest:
-It's a great way to practice and simulate trading. 
-The $1000 per day rule is good, but to be effective you probably have to trade at least twice a day so you don't have to roundtrip at a loss to get to the quota.

Other than more people anything else you think will make this more fun?

[cylonmaker2053]

Nice run @merivercap ...my stats for the week: 0.4% weekly gain from basic market maker activities, but that's just nominal, not adjusted for changes in PEG.FAKEUSD price, borrowed amount, and asset inventory.

Any lessons learned from the week? The testnet functioned very well for me, actually better than bitshares.openledger.info.

[cylonmaker2053]

We could do a hangout about the next one if you want

cool, would love to

[fuzzy]

We could do a hangout about the next one if you want

[cylonmaker2053]

What's PEG.FAKEUSD feed based on? i thought the BTS-USD feed, but there's a slight difference. very close, though.

i'd love to get a bot running sometime soon, just not enough time until the summer to work on it. besides, my primary goal right now with trading on the DEX is just to do my part of provide liquidity. with as little trading that takes place at the moment, the dozen or so times i log into my wallet per day is more than enough to make sure i have enough open orders set up.

once we have enough trading on the DEX, it'll be fun to put together some higher level logic bots to try out different trading strategies. at the moment, i'm just focusing on market making stuff.

[merivercap]

Great!

It should include open orders.  I believe the value change is probably because the PEG.FAKEUSD value fluctuates based on the last trade.

cool. are you using a trade bot, or doing it manually? i'm unfortunately still manual these days. i'm also trading the same way i do for my real BTS account, so this is a great test case for me too

Yeah I'm trading manually, but just a few times here and there to make sure I trade $1,000 for the day.. I was hoping there would be other bots running, but we can eventually get @xeroc or @clayop to run their bots on the testnet and also hopefully help us get our own so we can have a bot battle. 

BTW the value of PEG.FAKEUSD may be based on the pricefeed instead of the last trade.  I haven't crunched the numbers yet to confirm. 

[cylonmaker2053]

Great!

It should include open orders.  I believe the value change is probably because the PEG.FAKEUSD value fluctuates based on the last trade.

cool. are you using a trade bot, or doing it manually? i'm unfortunately still manual these days. i'm also trading the same way i do for my real BTS account, so this is a great test case for me too

[merivercap]

Great!

It should include open orders.  I believe the value change is probably because the PEG.FAKEUSD value fluctuates based on the last trade. 

[cylonmaker2053]

Does my total account value in upper right include open orders? i'm guessing not, since as soon as i bought some PEG.FAKEUSD and put it up for sale, my account value dropped.

[cylonmaker2053]

it's begun!

i'm cylonmakertest1 (might have copied you on that one!)

[merivercap]

Awesome!  You can go to: http://testnet.bitshares.eu/ and create a new account and the faucet will give you an initial 1,000,000 TEST.

Let's get ready to rumble..!!!

Done! see you at high noon Wednesday. I'm your huckleberry!

btw what is your account name @cylonmaker2053 ?

[cylonmaker2053]

Awesome!  You can go to: http://testnet.bitshares.eu/ and create a new account and the faucet will give you an initial 1,000,000 TEST.

Let's get ready to rumble..!!!

Done! see you at high noon Wednesday. I'm your huckleberry!

[merivercap]

Awesome!  You can go to: http://testnet.bitshares.eu/ and create a new account and the faucet will give you an initial 1,000,000 TEST.

Let's get ready to rumble..!!!

[cylonmaker2053]

I think it will still be useful esp as a simulator for people to learn how to trade and use the platform... not many seem interested so what about a 1 on 1 battle for a week @cylonmaker2053 starting Wednesday noon ET just to get things going?  Winner gets the first ever Bitshares Testnet Trading Champion title?

Rules:
One account starting with 1,000,000 TEST. 
$1000 PEG.FAKEUSD must be bought/sold per day. 
Start Wednesday noon ET 2/24/16.  End Wednesday noon ET 3/1/16
Anyone can join in at anytime during the contest as long as they post the test account name on the thread.
Highest total TEST balance on upper right wins.

I just created a testnet account: merivercaptest1

Feel free to make any other rules or suggestions...thanks!

i'm down! how do i get my 1,000,000 TEST?