Author Topic: btsbots wallet release v0.0.1  (Read 93632 times)

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Offline blahblah7up

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This is interesting. Thanks yvv!

Offline yvv

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I can't get my head around how to make money on the spread in certain market conditions - like if the market is moving up or moving down.

Spread is set relative to feed price, and this controls bot behavior. When the market is moving up or down relative to feed price, btsbot starts to consume liquidity to nudge the market price to the feed price. For example, take OPEN.BTC/BTS pair. When BTC/BTS price at poloniex goes down, my btsbot starts taking bid offers pushing OPEN.BTC/BTS down too.

If the feed price is derived from trade history instead of other exchanges, it is quite unpredictable.

Offline blahblah7up

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Hi Marko,

I saw your answer to how to lock bts the other day, explaining how bitCrab had converted them to bitUSD. It was very synthetic and you seem very knowledgeable. Could you perhaps do something similar in this thread for Market Making? I can't get my head around how to make money on the spread in certain market conditions - like if the market is moving up or moving down. If it is range-bound I understand. It seems like you would either not be able to buy below the current price because the market would move away from you if it was going up, or your orders would be filled if it was moving down but you could never sell back above your buy price. Especially in an automated scenario this seems dangerous.

If you have any insight you are willing to share I'm sure many people would like to help using btsBots to provide liquidity to certain markets.

If you can't answer that's also ok.  :)

Cheers.

Offline MarkoPaasila

I would like price feeds for USD:MAID and USD:STEEM to begin with. I want to provide liquidity to many currently nonexistent markets, but I will  be very happy with these two.

Offline alt

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I'll add these this weekend.

Can you add the price feeds for thes markets and I will start market making them with bitUSD.



please take the price reference from poloniex.
Please can they be added as default market pairs on the homepage.

Offline JonnyB

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Can you add the price feeds for thes markets and I will start market making them with bitUSD.



please take the price reference from poloniex.
Please can they be added as default market pairs on the homepage.
I run the @bitshares twitter handle
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Offline alt

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If you run out of BTS you can sell your other assets for BTS in official client, right?
yes, and you can choose other asset for the fees in official client.

Offline yvv

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If you run out of BTS you can sell your other assets for BTS in official client, right?

Offline alt

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pay attention btbots's uers, you need to take care of your bots, make sure there are enough BTS for the order fees. we don't support other asset as order fee now.
account tpo-bot1 and open1, you have out of BTS already, I have sent you each 100 BTS to continue.

normally, the bots will keep at least 100 BTS for the  future fees. but if all your BTS in the order book have sold out. and always can't buy back BTS. the reserve 100 BTS will run out too.
« Last Edit: March 16, 2017, 01:50:49 am by alt »

Offline alt

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yes, better than the robot logo, I like it so much.

thanks @Yao ,I  got a  new logo and splash page for the app
actually I feel Yao's design is better, right? :)

Offline bitcrab

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thanks @Yao ,I  got a  new logo and splash page for the app
actually I feel Yao's design is better, right? :)
Email:bitcrab@qq.com

Offline xeroc

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Offline alt

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thanks @Yao ,I  got a  new logo and splash page for the app


Offline alt

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in fact you can use the same account in multi device,
the parameter will sync automatic
it means you can adjust the parameter from your smart phone even you are outside.
the other device which run the bots in your home will follow your change automatic.

Offline JonnyB

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in the android app I can't trade the market pair OPEN.BTC:BITUSD
what's wrong, can you see the  order book in the market page?
make sure the asset name is USD, not BITUSD
you can click asset OPEN.BTC in the homepage goto asset OPEN.BTC page
then click USD in the market volume panel goto market OPEN.BTC/USD page
click the market title to reverse the quote/base.

or you can click the '->' icon in the history list from homepage to jump to the market page.

it works, thanks   (i am open1 and gypsy5)
I run the @bitshares twitter handle
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