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Powster Duskshard

Caldari Provisions

Caldari State

Likes received: 0

#1 - 2013-03-19 11:40:18 UTC | Edited by: Powster Duskshard

Is there any reason to not put the longest time for buy orders/sell orders. I have thought about it a lot and it seems there is no reason to put anything but the max. You can always cancel if you need to.... I recently started doing trades of millions at a time which is not what I am used to so I need to try to save every isk I can in trades since the tax is adding up.

Rengerel en Distel

Likes received: 2,191

#2 - 2013-03-19 12:31:50 UTC

If your price is the same, the shorter time gets to be on top, otherwise it was the person that had their order in first.
If you want people to think you're only going to be a player for a short time, going with a day sometimes works.
If you're trying to undercut or go over the top, a small amount at a short time helps to limit your losses.
Probably others I'm not thinking of off the top of my head.

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

Grison Universal 936
Alex Grison Grison Universal Likes received: 936	#3 - 2013-03-19 15:33:18 UTC 2 There might be. yes

Middle-Earth 463
Samroski Middle-Earth Likes received: 463	#4 - 2013-03-20 09:02:42 UTC If you are updating your orders regularly, then there may be little point in order duration. I do not update my orders. Some slots I want to free up after a while automatically, thus set up less duration orders. Prices that fluctuate, smaller duration orders. Practically, though, 99% of the orders are for 3 months. Any colour you like.

MailDeadDrop

Archon Industries

Likes received: 396

#5 - 2013-03-20 17:17:49 UTC | Edited by: MailDeadDrop

Rengerel en Distel wrote:

If your price is the same, the shorter time gets to be on top, otherwise it was the person that had their order in first. (Underlining mine. --MDD)

This is perhaps how the UI sorts the orders, but that doesn't really matter. What matters is the order selection algorithm used by the market trade broker. That algorithm is:

For a buy: find the lowest priced sell order in a station within the buy order's range. If two or more orders have the same price, select the older order (as measured by the timestamp of the sell order's creation or last modification).

For a sell: find the highest priced buy order with a range which covers the station of the sell and which has a minimum quantity less than or equal to the sell. If two or more buy orders have the same price, select the older order (as measured by the timestamp of the buy order's creation or last modification).

Note that the oldest order is not necessarily the same as the order with the least remaining duration (what Rengerel wrote above).

MDD

Alex Grison

Grison Universal

Likes received: 936

#6 - 2013-03-20 19:33:43 UTC | Edited by: Alex Grison

MailDeadDrop wrote:

Rengerel en Distel wrote:

If your price is the same, the shorter time gets to be on top, otherwise it was the person that had their order in first. (Underlining mine. --MDD)

This is perhaps how the UI sorts the orders, but that doesn't really matter. What matters is the order selection algorithm used by the market trade broker. That algorithm is:

For a buy: find the lowest priced sell order in a station within the buy order's range. If two or more orders have the same price, select the older order (as measured by the timestamp of the sell order's creation or last modification).

For a sell: find the highest priced buy order with a range which covers the station of the sell and which has a minimum quantity less than or equal to the sell. If two or more buy orders have the same price, select the older order (as measured by the timestamp of the buy order's creation or last modification).

Note that the oldest order is not necessarily the same as the order with the least remaining duration (what Rengerel wrote above).

MDD

I have a better algorithm

while ( !Scammed && !Scammer )
{
----- Invest ( INVESTMENT_TYPE::UNCOLLATOROLIZED_LOAN );
-----CreateSafeLookingBond ( BOND_TYPE::SAFE_LOOKING_REP_GRIND );

-----if ( YouFeelLikeIt && StillRepGrinding() )
----{
----------PayInterestToInvestors ( INTEREST_AMMOUNT::PROMISED_INTEREST );
----}
----else if ( OutOfMoney() )
----{
----------GenerateExcuse ( EXCUSE_TYPE::PLEX_SALE_IS_HURTING_BUISNESS );
----}
}

yes

joyous the

Slippery Penguin

Likes received: 90

#7 - 2013-03-20 22:15:58 UTC

Back before you could highlight your own orders I used 2wk orders to make it easier for me to see within a sea of 90days.

Post highlighting I kept the 2wks while I did some manipulations. I operated within very consistent same-seller based markets, -you had a decent idea of who was who. So the thought being, other sellers would consistently see markets bought out and 2wk orders put up. Then I'd use many, "other day" orders to crash the same market while following the price down with the 2wk order. To give the illusion of other traders negating the price fix. Sellers would dump stock thinking the fix didn't work but still wanting to cash in on heightened, albeit crashing sale prices. Cancel the other day orders once the market is low enough, move the 2wk to the price fix point and buy again. Which would leave me with a market with drastically fewer sellers. Work the buys up all the while, and there ya go

I don't have time to manip anymore, so there's a lil secret and one reason to use non 90days.

Bear