Market Discussions

The Eve Market is based on an auction system. The person who places the first order at price X first gets filled first. If you want to get filled sooner than them, you need to beat their price. If you were at an auction and bid $100 for an item and then another guy bid $100 for the same item and won the auction you would agree that something was screwed up, wouldn't you?

You don't seem to understand how cartels work.

The price you enter on a sell order is the minimum price that you're telling your broker that you are willing to sell at. Just like when you call your broker to have them put in an ask order (if he finds a bid that's higher than your ask, he'll accept it, but he won't accept one that's lower... just like the EVE market).

Similarly with buy orders and bids.


What you're asking for is a legal market bot.

I'm interested. Convo me.

Hypothetically speaking of course.

Hey!

Yo!

Interesting conversation, but not on the topic. You wanna legalize market bots? Discuss it in your own thread. Thanks

EVE's Contract system is the retail market. EVE's market is the commodities market.

Ever tried to order 20,000 Big Macs from a McDonalds?




Here's a hint. Most Cartels alter supply to achieve their ends. The ones that don't (OTEC) are just making use of highly inelastic demand for their product.

Being able to make sales at the same price as an earlier order has no impact on either (esp since most people will undercut to get a 100% chance of making the sale first), meaning that your proposal would have little to no effect*.


*It would mean that people would stop matching me with 30d orders, thinking they're gonna get the sale without undercutting.

My idea is for Buy Orders and Sell Orders that automatically "wander", in a fashion pre-programmed by the issuer.

For instance I might set up a Sell Order for 600k Widgets at 8.30 ISK p/u, with a pre-programmed "wander" that at every 3rd downtime the price shall drop by 0.01 ISK, until my minimum, which I've set at 7.90 ISK p/u.

I create the Sell Order, and then I walk away. I walk away. I do so, confident that it'll keep working for me, lowering itself, making itself more available, and eventually someone will find it attractive enough to grab it.

Same way, if you need Widgets, you set up a Buy Order for 200k Widgets at 8.01 ISK p/u, and pre-program a "wander" of +0.02 ISK every single downtime, with no maximum. Because you want those Widgets.

First of, Raindeth isn't asking or want to discuss about any features that would update your orders by automatic.
He want's to be able to set up orders at the same price as another one and have a feature that somehow distribute the sales between the different sellers.

I personally don't see the reason for this, Why would I want to share my sales with someone else?
When I set the price on my order, if the price is 1000 ISK/unit and I think it is worth my time to sell it at that price, I will sell it at 999.99 ISK also no matter what.
If I can sell it at that price someone else can do it also, unless I can control the supply. But if I can control the supply this wouldn't even be an issue to start with :-P

People who talk about any kind of legal bot activity on the market, in my eyes they must be close to ********.

Me and those around me can easily together get hundreds of manufacturing slots and thousands of orders and have the ISK to back it up. If we only had to update our orders once every 90 days, we would accept returns of 1-2%. we don't even consider us self as a big fish in the market. There are people out there with substantial bigger financial muscles that will pretty soon push out all the small or new traders out there. The return on small investment must be higher, but with regional buy and sell orders that don't have to be updated most items will reach a point were there isn't any room for small time investors

Two things.

Firstly, you shouldn't be in any situation where literally 0.01 isk sits between profit and loss. Even with minerals. If you're trying to 0.01 with minerals you're doing it wrong.

Secondly, why would I want to share my orders with anyone else? I happily slash margins pretty aggressively to ensure my order sits on top for as long as possible and fill before anyone elses. That way I can turn them around and plough the isk back into more buy orders quickly, while the rest of them are still jostling for top position to fill the rest of their own orders.