Author Topic: new dac: BTSBOTS, fund for bts trade bots  (Read 20519 times)

0 Members and 1 Guest are viewing this topic.

Offline liondani

  • Hero Member
  • *****
  • Posts: 3737
  • Inch by inch, play by play
    • View Profile
    • My detailed info
  • BitShares: liondani
  • GitHub: liondani
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

Sent from my ALCATEL ONE TOUCH 997D


Offline monsterer

profit graph?

maximum drawdown?
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline testz

thanks, just find this board,
need admin help to move the thread to that board  :)

Moved  :)

Offline consultant

  • Jr. Member
  • **
  • Posts: 37
    • View Profile
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 alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
thanks, just find this board,
need admin help to move the thread to that board  :)

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
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

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
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

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
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?

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
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

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12922
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
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??

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
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?