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Auto bidding!

Author
Zack Korth
Livid CO.
#1 - 2012-11-27 23:38:48 UTC
While I was micromanaging my buy/sell orders, I thought of a great idea!

Lets say you have 5 widgets (we'll call em) to sell, and the market looks like this

dodixie/ 17/ 1,999,996.96
dodixie/ 6/ 1,999,996.97
dodixie/ 11/ 1,999,996.98
dodixie/ 9/ 1,999,996.99

So ya say, "Well, I should put mine up for a penny lower than that dude at the top", right? That'll do, but only until the dude lowers his sell order a penny below yours again, and you lower yours, he lowers his, and then you're stuck in the most boring form of PvP that any game ever managed to produce, or you badly need to drop a dos or tend to the baby, or whatever.. and Loots doesn't get sold.

I have a better idea!

A maximum lowest bid. Using the widgets example. I could place my sell order for 1,999,996.95 with a lowest acceptable bid being something like 1,950,000.00. So my orders would automatically lower their bid if a chode comes along and trys to lower his bid by a cent. All the way down to 1,950,000.00, If the chode placed his order at 1,949,999.00, then he would have the "first sold" item at the top of the market, and my lowest acceptable bid of 1,950,000 is then entered as the next order behind his order.

The reverse could also be done with buy orders.

I like it because it eliminates hundreds of items that are all basically the same price, and you can't edit a lowest, or highest acceptable bid offer once the order has been made. Making trading fun, you actually have to think before you just threw crap up on the market, and when you placed a lowest maximum bid that was way lower than the next guy you could feel dumb. I know how masochistic EVE players are.

Sooo, good/bad?
Ko'Ahi
Science and Trade Institute
Caldari State
#2 - 2012-11-27 23:41:48 UTC
This is what market bots do.

koahisquad - please have fun and be cool

Pls follow me on twitter at http://twitter.com/koahico tom hanks ))

Zack Korth
Livid CO.
#3 - 2012-11-27 23:42:38 UTC
sonofa..
Liner Xiandra
Sparks Inc
#4 - 2012-11-27 23:43:40 UTC
I'm quite sure all the market bots that are ruining the trade hubs out there already have a limit in place.
Zack Korth
Livid CO.
#5 - 2012-11-27 23:45:08 UTC
I thought people were just on top of ****, I probably suck at the market as a general rule, but with this new information, I mine as well walk away from it.
Wacktopia
Fleet-Up.com
Keep It Simple Software Group
#6 - 2012-11-27 23:53:57 UTC
Zack Korth wrote:
I thought people were just on top of ****, I probably suck at the market as a general rule, but with this new information, I mine as well walk away from it.


You can make money from the market without margin trading. Speculation can help you land some good ISK.

Simple example; FanFest coming up and tickets can be purchased for plex, so those prices may rise for a short while before FF.

Kitchen sink? Seriousy, get your ship together -  Fleet-Up.com

Vincent Athena
Photosynth
#7 - 2012-11-28 00:06:26 UTC  |  Edited by: Vincent Athena
Everyone would set their "lowest acceptable price", see where all the orders ends up, then adjust the lowest acceptable price in 0.01 ISK steps to outbid the other person.

We would be right where we are now.

Other ideas: If I set my price the same as the current lowest bidder, our orders get filled at random (right now its first come first served). Now I have the option to essentially say to other traders "Both you and I get a fair share" rather than saying "I get it all, you get nothing", which just is intensive to continue a 0.01 ISK war.

Or: Something like what trade bots do. Everyone who pays an extra broker fee gets their order on top for an equal amount of time. For example, if there were 6 pilots who set their orders on "auto update" the broker would update one every hour, giving all 6 pilots four 1 hour periods on top each day. (Unless someone else manually sets a better order.) Like the OP's proposal, there would be a limit I would set. But if two people set this up the result would not be a mad rush of price changes until one hits a limit, but a slow steady change over many days until the orders sold through.

Know a Frozen fan? Check this out

Frozen fanfiction

Zack Korth
Livid CO.
#8 - 2012-11-28 00:07:02 UTC
well how about CCP then, makes it into a game mechanic :)

Cause speculating on plex is total balls
Holy One
Privat Party
#9 - 2012-11-28 00:32:34 UTC  |  Edited by: Holy One
Zack Korth wrote:
I thought people were just on top of ****, I probably suck at the market as a general rule, but with this new information, I mine as well walk away from it.


Google eve market bot, kiss goodbye to innocence. Its very very easy to automate +1'ing sadly. CCP could work a little harder to obfuscate the process tbh.

:)

Skydell
Bad Girl Posse
#10 - 2012-11-28 00:44:24 UTC
The entire market would need to be rebuilt to do what you are suggesting where it wasn't something to be manipulated. Even then I don't know if it couldn't be.

Have High, Low bidding and sales in all orders and only show volumes with a median rate.

For you to automate your bid the way it is now I could with no work force your sell rates to reproc and bankrupt you on just about any order. So it goes in Meta EVE.
Bane Necran
Appono Astos
#11 - 2012-11-28 00:51:13 UTC
If someone is playing the 1 isk game with me i start undercutting them by 100k so they follow me down, and become mad.

You see posts on the market forums furious about people undercutting 'too much', and calling them the worst kind of person ever. That's me, i guess. Lol

If you can't handle the heat, don't undercut people at all.

"In the void is virtue, and no evil. Wisdom has existence, principle has existence, the Way has existence, spirit is nothingness." ~Miyamoto Musashi

Aziesta
Binal Extensions
Xagenic Freymvork
#12 - 2012-11-28 00:51:36 UTC
Another place where I would like to see something like this is auction contracts.
Rengerel en Distel
#13 - 2012-11-28 03:05:09 UTC
Bane Necran wrote:
If someone is playing the 1 isk game with me i start undercutting them by 100k so they follow me down, and become mad.

You see posts on the market forums furious about people undercutting 'too much', and calling them the worst kind of person ever. That's me, i guess. Lol

If you can't handle the heat, don't undercut people at all.


You see those posts in MD because those people are actually marketeers, and don't like random yahoos costing them isk. Market pvp is just as valid though, and if you don't mind taking the loss, "gf" i guess.

With the increase in shiptoasting, the Report timer needs to be shortened.

Mars Theran
Foreign Interloper
#14 - 2012-11-28 03:07:07 UTC
Also, market bots and their similarities aside, here's what would happen: You'd enter your auto-bidding, and it would trigger someone else's, which would trigger your,s which would trigger theirs, and eventually, the auto-bid would either need to be reset for both parties, (that would probably be before the interval timer made it available to do so), or it would just continue until everything was at a 1 ISK sell order.
zubzubzubzubzubzubzubzub
Gogela
Epic Ganking Time
CODE.
#15 - 2012-11-28 04:08:41 UTC
Actually, this sounds like a really good idea, OP. I'm on-board. That would solve the market bot problem outright and make the economy even more efficient. +1 o7

Signatures should be used responsibly...

Mars Theran
Foreign Interloper
#16 - 2012-11-28 05:42:58 UTC
Gogela wrote:
Actually, this sounds like a really good idea, OP. I'm on-board. That would solve the market bot problem outright and make the economy even more efficient. +1 o7


I smell a new Margin Trading like scam developing. Smile
zubzubzubzubzubzubzubzub
Ritsum
Perkone
Caldari State
#17 - 2012-11-28 07:08:48 UTC  |  Edited by: Ritsum
Gotta be the downer for this thread...


Why should market PvP get a big boost like that? Everyone else works for their profits so why should you guys be allowed to have the client take care of all your transactions as long as you have set the limit you are happy about?

It would be like giving low/null players the ability to be notified of what ships come into system and tell them what ship as long as the ship meets the requirements they set.

It would be like giving Mission runners / Exploration toons / Ratters the ability to instantly receive the loot of the wreck if their cargo hold had enough room and if the item is not filtered out.

Play EvE how you want to play it and do not let others dictate how you play. Evolve your playstyle to protect yourself from others! Even in "PVE", "PVP" is there, lurking in the shadows.

Sentient Blade
Crisis Atmosphere
Coalition of the Unfortunate
#18 - 2012-11-28 07:11:44 UTC
You didn't think this one through, did you OP.

All orders would, within the space of a couple of hours, drop to the lowest bid, until filled.
Rordan D'Kherr
Imperial Academy
Amarr Empire
#19 - 2012-11-28 11:29:49 UTC
Afk brokerage? I don't like.

Don't be scared, because being afk is not a crime.

Vaerah Vahrokha
Vahrokh Consulting
#20 - 2012-11-28 11:36:18 UTC
Stop playing like a bot and start analyzing the markets.

All it takes to make mounds of money is to buy when price is recovering from a low and sell when price is ripe to crash.
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