These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

Is there a way to automatically cancel buy orders?

Author
Jack Dant
The Gentlemen of Low Moral Fibre
#41 - 2012-01-12 00:09:31 UTC
Mu-Shi Ai wrote:
Margin Trading is perfect for placing buy orders in extremely expensive products (think implants) that you know will move in smaller--even miniscule--volumes, and so wouldn't otherwise be worth the cash outlay. It really has nothing to do with how many people use the skill, or what percentage of people with the skill use it for those purposes. I can tell you right now that the Margin Trading "scammers" are probably smaller than any other demographic subgroup with the Margin Trading skill. Why should the skill be altered just to hobble them when it ends up ruining the skill for me as well?

Ok, but the escrow amount is a total across all orders. Say you are putting up buy orders for 5 different implant types, each for 100 mil, and you have 200 mil in wallet, and you have margin trading V.

Enter the first one, the market takes 100m from your wallet as escrow (enough to cover one purchase).

Enter the second one, so you have buy orders for 200m with 100m in escrow. This is enough to cover one purchase, and more than 24% of order value, so no isk is taken from your wallet. Same applies to the third and fourth order.

As you enter the fifth order, the total value of your orders is 500m, so 100m is not enough to cover the escrow. So 20m more are taken from your wallet.

Once someone sells to your order, your escrow is only 20m, so 80m more are taken from your wallet. If you don't have the isk for it, all your remaining orders are cancelled.

Is that acceptable?

What happens in lowsec, stays in lowsec, lowering the barrier to entry to lowsec PVP: https://forums.eveonline.com/default.aspx?g=posts&m=476644&#post476644

Amy Elteam
No Bull Ships
#42 - 2012-01-12 01:30:26 UTC
Mu-Shi Ai wrote:
Amy Elteam wrote:
Wow so many bad ideas to fix the margin trading skill.....
There's no need for 'negative balances' (people have more than one character and could circuvent that), no need to remove the skill, no need to make orders appear differently, and no need to break the skill for people using it at this time.

1) Adjust the 'minimum escrow' to be either x% of the order, or sufficient to cover a purchase at the minimum volume - whichever is greater.
2) whenever transactions occur, refresh the escrow cash from the owners wallet, if there is insufficient cash at this time then cancel the order.

Thus there will always be sufficient cash in escrow to at least cover the minimum volume.

Now, this does not remove the possibility to create orders which will only buy 24% of the item volume, but it does remove the ability to create orders that will never pay a single isk to the seller. It doesn't remove the skill, nor render it useless to a legitimate user.


So, if I only put up an order for one item, it will operate as though I don't have Margin Trading (since I would need enough to cover that one item)? That's stupid, and it breaks Margin Trading.


Margin trading is already broken, that's what this discussion is highlighting, the purpose is to make it less broken.
Mu-Shi Ai
Hosono House
#43 - 2012-01-12 01:34:18 UTC
Jack Dant wrote:
Is that acceptable?


No. It's a dumb and overcomplicated fix to a "problem" that, when looked at as part of the larger picture, is nearly nonexistent. Any change to Margin Trading that gives me less benefit for the time I put into maxing out the skill is not acceptable to me.
Mu-Shi Ai
Hosono House
#44 - 2012-01-12 01:34:49 UTC  |  Edited by: Mu-Shi Ai
Amy Elteam wrote:
Margin trading is already broken, that's what this discussion is highlighting, the purpose is to make it less broken.


How is it broken? And please don't say "Because you can put up an order that will never fill!" That scam only works if you buy the bait items, which is not at all a certainty or something that is forced upon the "victim." Nobody is entitled to have an order be there when they intend to sell to it. All the Margin Trading scam does is trigger the ephemerality that exists all the time in EVE trading. If you don't buy the bait in an attempt to sell it--and a cursory amount of market research should always tell you that the prices are suspiciously out of wack--then you don't get scammed.

Meanwhile, there are probably hundreds or even thousands of players like me using the Margin Trading skill for the wholly legitimate purpose of large-scale, region-wide trading, or for ordering low volume, high price goods. So yeah, let's break the skill for those people just to "fix" it for the few idiots whose eyes are too big for their stomachs and can't help falling for a scam.

In other news, it was also unfair for those pirates to bubble my Dominix on the other side of that gate in Stain. There should have been a message at the gate telling me what was on the other side, so I could choose to take another route.
Jack Dant
The Gentlemen of Low Moral Fibre
#45 - 2012-01-12 02:02:07 UTC
Mu-Shi Ai wrote:
Any change to Margin Trading that gives me less benefit for the time I put into maxing out the skill is not acceptable to me.

Roll

What happens in lowsec, stays in lowsec, lowering the barrier to entry to lowsec PVP: https://forums.eveonline.com/default.aspx?g=posts&m=476644&#post476644

Daddy's Princess
Federal Defense Union
Gallente Federation
#46 - 2012-01-12 02:27:23 UTC
So margin trading should be changed because people who aren't terribly clever are more important than the legit traders? Margin trading is extremely useful.

How about people stop asking to cater for the lowest common denominator in every game feature?
Syrk
Caldari Militia Supply Corps
#47 - 2012-01-12 06:19:01 UTC
Balcony Jumper wrote:
And like I said earlier.... if purchaser doesn't have the isk to fill the minimum quantity of a buy order (that they set), the order could simply be flagged a different color to make people aware that "this is buy order may not be filled".


Quote:
And, as usual, this is totally detectable by anybody who's paying even the slightest attention to what they're doing. People can and do play that game without the Margin Trading trick all the time.


Then it wouldn't hurt to make it more detectable.


This is actually a pretty good idea, but everyone is ignoring it.

Actually, it's really the best idea here because it doesn't affect legitimate use of the skill in any way, while still making the scam go away.

And for those who don't want want this scam touched: find another way of making ISK that doesn't destroy noobs.
Mu-Shi Ai
Hosono House
#48 - 2012-01-12 07:11:47 UTC
Syrk wrote:
And for those who don't want want this scam touched: find another way of making ISK that doesn't destroy noobs.


If you can find a way to "touch" this scam without changing the way the skill works, go right ahead. I don't care about the scam. I care about being able to continue doing business the way I have been, and not having to change that just to appease lazy, greedy morons who can't be bothered to perform even the slightest market research before they go buying any old thing they see for sale. Funny how those people never face an ounce of criticism.
Balcony Jumper
Caldari Provisions
Caldari State
#49 - 2012-01-12 07:25:56 UTC  |  Edited by: Balcony Jumper
Mu-Shi Ai wrote:
Syrk wrote:
And for those who don't want want this scam touched: find another way of making ISK that doesn't destroy noobs.


If you can find a way to "touch" this scam without changing the way the skill works, go right ahead. I don't care about the scam. I care about being able to continue doing business the way I have been, and not having to change that just to appease lazy, greedy morons who can't be bothered to perform even the slightest market research before they go buying any old thing they see for sale. Funny how those people never face an ounce of criticism.


Damn those lazy, greedy morons.

BTW, thanks to everyone for their input on the topic. I learned a few more things just reading the playful banter.
TR4D3R4LT
Pator Tech School
Minmatar Republic
#50 - 2012-01-12 09:22:50 UTC  |  Edited by: TR4D3R4LT
Jack Dant wrote:

Ok, but the escrow amount is a total across all orders. Say you are putting up buy orders for 5 different implant types, each for 100 mil, and you have 200 mil in wallet, and you have margin trading V.

Enter the first one, the market takes 100m from your wallet as escrow (enough to cover one purchase).

Enter the second one, so you have buy orders for 200m with 100m in escrow. This is enough to cover one purchase, and more than 24% of order value, so no isk is taken from your wallet. Same applies to the third and fourth order.

As you enter the fifth order, the total value of your orders is 500m, so 100m is not enough to cover the escrow. So 20m more are taken from your wallet.

Once someone sells to your order, your escrow is only 20m, so 80m more are taken from your wallet. If you don't have the isk for it, all your remaining orders are cancelled.

Is that acceptable?


You do realize this doesnt remove the scam just turns how it will be handled? People will use remote set buy order(1) to place them at behind lo-sec gates and/or lo-sec/hi-sec empty systems. Then they will setup second order(2) for some "normal" good that they have in abundance in the station they sit in, pref for worse price then average but yet higher then highest local buy order with volume big enough to cover the "100 m" in the order. Using another alt they setup the scam sell(3) at higher price. Whenever someone buys the scam sell, they have two opinions, either sell right away sell to themself with the other alt to the normal order (2) or camp at the gate entrance to the system where (1) is located and pop the guy. In neither 1 or 2 the guy who bought 3 will manage to get his money back. If margin trading is removed, the scammers will still keep using 1 and ensure they have same good that they are trying to scam with 3 on hand at 1's location. Easy done by first clearing the region of sell orders, then setting up buy order (1), waiting for x amount of minutes, enough to provide adequate response time, then put the scam (3) up. Someone buys the overpriced goods at (3), the scammer can either gank at gate or sell to himself the pre-placed goods/kill the buy order.

So yes, you will at most achieve couple days perioid when nobody is scammed, then the new FOTM variant catches on and the fool and his money keep on being parted.

EDIT: As for coloring the order differently, well lo-sec has huge warning signs before entering it, still new guys get daily ganked in various lo-sec systems because they found good "shortcut" that saves them time. It might cut the amount of people that fall victim but it wont remove the issue. Again even for coloring my previous explanation still shows "valid" market orders that people will bite into. The only *fix* is to have huge warning text when buying items that "this item is priced 3000% higher then market average for last month, are you stupid or what?"
Jack Dant
The Gentlemen of Low Moral Fibre
#51 - 2012-01-12 09:52:45 UTC
TR4D3R4LT wrote:
So yes, you will at most achieve couple days perioid when nobody is scammed, then the new FOTM variant catches on and the fool and his money keep on being parted.

Nice wall of text. Maybe sir would be interested in buying some paragraphs? P

Anyway, your method requires the scammer to be online at the time and fast with his fingers. If he goes afk at the wrong moment, he loses his isk. If someone sells to his order without buying from him, he loses his isk. If he tries to camp the lowsec gate, he may be popped himself, or the victim may come in a blockade runner.

And, of course, you are over complicating your scam. Just cancel the buy order the moment the sell order sells. No need to juggle orders with margin trading. This is viable now without training margin trading.

In any case, the issue for me is not the scam per se. Scams are fine in EVE. But those fake orders that can never be filled go against the basic rules of the EVE market. It's a bug that breaks how the market is supposed to work.

What happens in lowsec, stays in lowsec, lowering the barrier to entry to lowsec PVP: https://forums.eveonline.com/default.aspx?g=posts&m=476644&#post476644

TR4D3R4LT
Pator Tech School
Minmatar Republic
#52 - 2012-01-12 10:11:51 UTC
Jack Dant wrote:
TR4D3R4LT wrote:
So yes, you will at most achieve couple days perioid when nobody is scammed, then the new FOTM variant catches on and the fool and his money keep on being parted.

Nice wall of text. Maybe sir would be interested in buying some paragraphs? P

Anyway, your method requires the scammer to be online at the time and fast with his fingers. If he goes afk at the wrong moment, he loses his isk. If someone sells to his order without buying from him, he loses his isk. If he tries to camp the lowsec gate, he may be popped himself, or the victim may come in a blockade runner.

And, of course, you are over complicating your scam. Just cancel the buy order the moment the sell order sells. No need to juggle orders with margin trading. This is viable now without training margin trading.

In any case, the issue for me is not the scam per se. Scams are fine in EVE. But those fake orders that can never be filled go against the basic rules of the EVE market. It's a bug that breaks how the market is supposed to work.


Yes it will move to "being active" same way as spamming contracts in local is "active" work. Blimey, perhaps the same guy who has to "watch" his orders will start to spam contract to get most of his scam time out, we wont know but it's more then likely.

I recommend you sir, read the actual "wall-o-text" and notice the cancel order has been mentioned there. Here, let me highlight;
"Someone buys the overpriced goods at (3), the scammer can either gank at gate or sell to himself the pre-placed goods/kill the buy order."

And last I checked I answered that "fake" order part, if you remove the "fake" orders, they will just put up real orders that are possible but hugely improbable to be finished, but 0.01% likelihood for success is better then 0.001% right? The 0.001% success atm means when someone spots the scam, they bring in the goods from another region/wherever and setup to more readily available system at 0.01 isk below the scammer. Hence some fool buys from them and not the scammer and both the scammer and the scammee are left without iskies but the third person walks away with the cash.

Same ofc works for any future system, people are always able to undercut "scammers" with their own "scam" order, thus doing the only possible counter to prevent scammer from gaining isk. The only safeguard for the victim is to see when something is a scam and when not and, well, human gullibility. BTW, want to buy Navy Raven, I need a money for timecode and have to sell it at very sensible price, only 200 mil isk, trade now, now, now :P
Jack Dant
The Gentlemen of Low Moral Fibre
#53 - 2012-01-12 10:50:56 UTC
TR4D3R4LT wrote:
Yes it will move to "being active" same way as spamming contracts in local is "active" work. Blimey, perhaps the same guy who has to "watch" his orders will start to spam contract to get most of his scam time out, we wont know but it's more then likely.

Copy/pasting into local every few minutes vs logging onto the margin trading char the instant your wallet flashes. One is far more active and time-dependant than the other.

Quote:
I recommend you sir, read the actual "wall-o-text" and notice the cancel order has been mentioned there. Here, let me highlight;
"Someone buys the overpriced goods at (3), the scammer can either gank at gate or sell to himself the pre-placed goods/kill the buy order."

No it wasn't. You cancel orders by right clicking them on the order list, and then clicking on the "cancel order" menu item. This works from anywhere in game, even out of the region. You mentioned a horribly overcomplicated way to do it.

Quote:
And last I checked I answered that "fake" order part, if you remove the "fake" orders, they will just put up real orders that are possible but hugely improbable to be finished, but 0.01% likelihood for success is better then 0.001% right?

My entire point is that fake orders are a Bad Thing that breaks the spirit and mechanics of the market. If they put up real orders it's perfectly fine with me.

What happens in lowsec, stays in lowsec, lowering the barrier to entry to lowsec PVP: https://forums.eveonline.com/default.aspx?g=posts&m=476644&#post476644

TR4D3R4LT
Pator Tech School
Minmatar Republic
#54 - 2012-01-12 11:43:51 UTC
Jack Dant wrote:

Copy/pasting into local every few minutes vs logging onto the margin trading char the instant your wallet flashes. One is far more active and time-dependant than the other.


No it wasn't. You cancel orders by right clicking them on the order list, and then clicking on the "cancel order" menu item. This works from anywhere in game, even out of the region. You mentioned a horribly overcomplicated way to do it.

My entire point is that fake orders are a Bad Thing that breaks the spirit and mechanics of the market. If they put up real orders it's perfectly fine with me.


No need to login if the margin trading char is the same who spams the contract, after all the scam contracts are similar, they con people to give isk to the scammer, and the scammer has to clear the iskies somehow out of the wallet to other.

As for cancel order, that is the "/kill the order" part, note however that setting up buy order and cancelling is subject to the 5 minute timer, hence to be near 100% safe the "fastest" reply the scammer has is to sell to the order, thus being able to leg it even before the 5 minute timer is over.

Fake buy orders are no more bad thing then any other undocumented feature. Again I have no personal gain/loss if this thing gets whacked but it's moot use of development time. I would much more likely to see storefronts, + rep system for successful sales etc as time where development assets are used market wise. Yes those will in time get their scams too, scamming is like cancer, you can nurse the symptoms but unless you nuke the cancer cells they will continue to spread their crap. And that nuke certainly wont be margin trading fix nor will CCP start to ban the scammers.
Amy Elteam
No Bull Ships
#55 - 2012-01-12 18:19:05 UTC
Syrk wrote:


This is actually a pretty good idea, but everyone is ignoring it.

Actually, it's really the best idea here because it doesn't affect legitimate use of the skill in any way, while still making the scam go away.

And for those who don't want want this scam touched: find another way of making ISK that doesn't destroy noobs.


Highlighting orders that cannot complete would be an ideal solution, however, it would require the orders database to be checked and updated for every isk transaction on an account, this might significantly add to the load on the trading system. That's why I was suggesting a change that only checks orders when transactions occur as a compromise.


Scrapyard Bob
EVE University
Ivy League
#56 - 2012-01-12 19:51:06 UTC
Highlighting orders that cannot complete due to funds would probably be a good middle ground.

Alternately, just hide those orders (but not cancel them) from the market window whenever the ISK in the wallet is less then what would be required to fulfill the minimum qty order. Basically, without the ISK to buy even the minimum qty, they become a null entity for the duration until the issue is fixed.
John Bodie
Flying Zebras
#57 - 2012-01-12 23:55:49 UTC
There is no reason to show orders that cannot complete - they are just pointless spam that benefit nobody (the only reason I can think of to hide them rather than cancel them is to stop MuShiAi crying about how he has to fly round remaking all his orders everytime one is filled)

Also none of this will stop the scam - which can easily be done without the margin trading skill existing - the scammer just has to manually cancel his buy order when he sees his wallet flash as the overpriced items are bought, but at least this way takes some effort and can't be done afk on multiple alts ... do we really want the market to end up mostly spam and junk orders?
Tasko Pal
Spallated Garniferous Schist
#58 - 2012-01-13 00:46:35 UTC
Mu-Shi Ai wrote:
If by "scam," you mean it's a trick, then yeah, the Margin Trading thing is a scam. But if you mean it's an exploit, then no, it isn't. There is nothing wrong whatsoever with the mechanics of Margin Trading as it is right now.


I see you posted a lot of garbage in this thread. The simple rebuttal is that we for the most part don't care that it's a scam. It's a fundamentally broken aspect of the market. Namely, someone offers something for trade that won't go through when the trade is attempted.

My personal view on the matter is that no book order should ever promise something it can't deliver, such as buy offers that can't be covered by the funds on hand. If I put a bid for a billion trit, no minimum, but I don't have funds to cover the maximum amount, my order should cap at whatever size I can currently afford. I recognize that would be a little bit of work for the Eve servers to do, but that's really the way to do it. And the consequences lead to some fine market pvp.
Mu-Shi Ai
Hosono House
#59 - 2012-01-13 00:47:46 UTC
John Bodie wrote:
There is no reason to show orders that cannot complete - they are just pointless spam that benefit nobody (the only reason I can think of to hide them rather than cancel them is to stop MuShiAi crying about how he has to fly round remaking all his orders everytime one is filled)


Sorry, but I actually make steady ISK using legitimate trading practices. I don't go for small-fry **** like the Margin Trading scam. Nice assumption you've made though, that merely defending the Margin Trading skill (which helps me greatly in large-scale, region-wide trading) must mean I'm a scammer. Fancy logic, there, detective.

Quote:
Also none of this will stop the scam - which can easily be done without the margin trading skill existing - the scammer just has to manually cancel his buy order when he sees his wallet flash as the overpriced items are bought, but at least this way takes some effort and can't be done afk on multiple alts ... do we really want the market to end up mostly spam and junk orders?


The market isn't "mostly spam and junk orders" right now, with things the way they are. If you want it to be that way, go ahead and ruin trading skills. When you make it harder for legit traders to make ISK, they're more likely to resort to less savory tactics to achieve the same end.

But in the end, the outrage over the big, bad "Margin Trading SCAM!@*!&&!&&!(#(#^##!!!" is much like scare stories heard on local news networks, in which a single, sensational kidnapping story is used as a false indicator that kidnappings are on the rise, when in fact they have been on the decline fairly consistently for decades (in the US anyway).
Syrk
Caldari Militia Supply Corps
#60 - 2012-01-13 02:25:34 UTC
Mu-Shi Ai wrote:
John Bodie wrote:
There is no reason to show orders that cannot complete - they are just pointless spam that benefit nobody (the only reason I can think of to hide them rather than cancel them is to stop MuShiAi crying about how he has to fly round remaking all his orders everytime one is filled)


Sorry, but I actually make steady ISK using legitimate trading practices. I don't go for small-fry **** like the Margin Trading scam. Nice assumption you've made though, that merely defending the Margin Trading skill (which helps me greatly in large-scale, region-wide trading) must mean I'm a scammer. Fancy logic, there, detective.

Quote:
Also none of this will stop the scam - which can easily be done without the margin trading skill existing - the scammer just has to manually cancel his buy order when he sees his wallet flash as the overpriced items are bought, but at least this way takes some effort and can't be done afk on multiple alts ... do we really want the market to end up mostly spam and junk orders?


The market isn't "mostly spam and junk orders" right now, with things the way they are. If you want it to be that way, go ahead and ruin trading skills. When you make it harder for legit traders to make ISK, they're more likely to resort to less savory tactics to achieve the same end.

But in the end, the outrage over the big, bad "Margin Trading SCAM!@*!&&!&&!(#(#^##!!!" is much like scare stories heard on local news networks, in which a single, sensational kidnapping story is used as a false indicator that kidnappings are on the rise, when in fact they have been on the decline fairly consistently for decades (in the US anyway).


OK dude, but you seem to still be skirting the proposed fix of hiding or flagging orders that can't be fulfilled. I can see no reason to object to this, and if technically feasible, I don't know how anyone can be against this. Could you respond to this idea for a fix, instead of going off on tangents? I really think we could all agree to this.