That’s not what I say, or try to say; the focus is wrong.
I say: the offset needs to be big enough to keep trading going on instead of just selling funds from one side.
Of course everybody is more interested to buy BTC at an offset of 0.5% opposed to 5%!
This is the important part!
I bet I could sell 31 BTC in less than an hour using NuLagoon Tube
Technically I need the motion to pass. Not keen on violating contract with the Shareholders.
The best I can do is submit it for voting now and see whether it obtains more than 50% in the last 100 blocks in the next 24-48h hours. It likely requires all datafeed providers to add it. When that happens I’m ok with changing the bot spread to 1% and subject to FLOT before the motion passes.
If I understood it right @JordanLee said there is no way to predict price movement so there will always be trading going both directions. Traders who have small enough spread WILL keep trading going on.
High frequency traders profit on micro movements of markets. I think Jordan has a point but don’t know if it’s applicable here. Hence let’s test it.
I don’t think that the current situation justifies paging them each time a postm might require their attention.
The liquidity provision is derailed at the moment.
That needs close attention.
Will be some effort to align that with BTCUSD, but I bet that’s the result from trading swings.
Good to see, that at least some trading was made at that spread.
How so?
ALP has a much tighter spread.
It shouldn’t be possible to reach your PyBot gateway orders as long as there are funds on each side of the ALP - unless there’s a wall shift or a different price feed brings your orders before those of ALP.
We are talking about Poloniex here, right?
I haven’t had a close look at Bittrex.
Not surprising. The walls disappear for a second or so when shifting every minutes. If someone or a bot executes a market buy/sell at the moment it will reach beyond the wall’s position, and get bad prices.
How about always placing order in two equal halves, and when moving, moving one half first then the second. So there is always some liquidity at one of the two walls?
Note: The columns value shows the number of stored data arrays for the pair in said time frame and is currently used for debugging purposes only. We check whether our gathered data doesn’t contain more than one data array per day. In this example the total volume for 7 days was 74084.68313822.This value is divided by the number in the columns value, which should be identical with the frame value, to get the ALix result.