mmm, wait, how is “once a week” different from “weekly cycle”? I am not sure I understand this sentence correctly.
I like the random element, I am sure it must be somewhere embedded in the price calculation. The price frequency is a good proposal : everybody knows the algorithm, but no-one knows the execution time.
Can we please dig deeper into this?
We need a definition of cycle . Since buybacks are designed to start the cycle at low price and increase it at the end of it, it can be caracterized by : a) a total cycle length b)an initial price c)a final price d)a final time at which orders at not placed e) a pointer to the next cycle being f) price increments in % g)how often increment the price …
At each cycle beginnings we may or maynot randomise all or some of these variables. They should all have a lower and upper bound.
(parenthesis : See? not so straighforward as you guys make it sound . )
if we go with quasi random-length cycles should we replace “Sunday, 23:59 PM UTC,” with , “at some unknown point during the weekend” ?
Let’s, for the sake of convenience that walls are placed mon to thursday (like now)… This means basically that during the weekend the price is free to do whatever it wants (and also be manipulated, like it is being manipulated now?) .
Then you suggest to compute the Initial Price using the “Moving average 12 hours” ? Something is not exact here : 1) if its computed once, it cannot be a moving average, it’s an average. 2) if, it’s an average, do you suggest to make it weighted by volume? How often should volume and price be sampled?
Why do you think it won’t last? Maybe you can say “you don’t know how long it will last” .
let’s keep this ball rolling please