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Player Features and Ideas Discussion

 
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Automatic price adjustment on market orders

Author
EdwardNardella
Deep Core Mining Inc.
Caldari State
#1 - 2014-12-22 20:53:33 UTC
So, anyone who has been around and working the markets long enough is aware of undercutting by .01 ISK.

I see a big problem with this. It is a task that could theoretically be completely automated rather easily. It is my opinion that any task that can be automated easily is probably going to be monotonous and boring. Monotonous and boring tasks are generally not very engaging and make for gameplay that is unapealing. Trading can be fun, being beat by .01 ISK is not, countering that by undercutting the competition by .01 ISK every 5 minutes is also not fun. This is however something can can be difficult to avoid if you want to have fun trading.

There are some things that I am aware of CCP doing to combat this issue. The first is restricting the use of automated tools to perform this task. Second, there is a 5 minute timer between order modifications. Third there is a minimum brokerage fee for order price changes. These things indicate to me that CCP also sees a problem with .01 ISK trading.

I have been thinking about solutions to this issue that are not game breaking. Here is what I have come up with so far, could it work?

Implement a feature similar to automatic bidders on auction sites. The person placing a buy or sell order would input two prices, the start price and the maximum or minimum price (depending on whether or not it is a sell or buy order). If someone else inputs an order with a start price that beats your start price but not your maximum or minimum price then your order will automatically and instantly be adjusted to beat the new order by .01 ISK (provided that their maximum or minimum does not beat yours, should it beat yours then your order will be adjusted to your best price and theirs would be .01 ISK better).

Anyone who does not want to use this feature would have the option of just setting their best price and start price as the same. Also you could have your order not be adjusted to match orders with less than a certain number of units or less than a certain percentage of the number of units that you have on sale.

One consequence of this is that prices would be closer to their actual value which should benefit people who are placing orders with immediate fulfillment.

Another is that time spent participating in .01 ISK trading will be reduced.

What does everyone think?
baltec1
Bat Country
Pandemic Horde
#2 - 2014-12-22 21:07:43 UTC
Don't be lazy.
Esmanpir
Raccoon's with LightSabers
#3 - 2014-12-22 21:35:45 UTC
baltec1 wrote:
Don't be lazy.

Roll That's not productive feedback... Big smile
ShahFluffers
Ice Fire Warriors
#4 - 2014-12-22 22:06:14 UTC
baltec1 wrote:
Don't be lazy.

Not empty quoting.
Riot Girl
You'll Cowards Don't Even Smoke Crack
#5 - 2014-12-22 22:38:12 UTC
Find a better market to invest in.
Alundil
Rolled Out
#6 - 2014-12-22 22:53:04 UTC
ShahFluffers wrote:
baltec1 wrote:
Don't be lazy.

Not empty quoting.

Neither am I

I'm right behind you

Samillian
Angry Mustellid
#7 - 2014-12-22 23:14:51 UTC
Alundil wrote:
ShahFluffers wrote:
baltec1 wrote:
Don't be lazy.

Not empty quoting.

Neither am I

Works for me.

NBSI shall be the whole of the Law

EdwardNardella
Deep Core Mining Inc.
Caldari State
#8 - 2014-12-23 00:05:42 UTC
By don't be lazy do you mean to say stay awake 24/7 monitoring my orders?
Anhenka
The New Federation
Sigma Grindset
#9 - 2014-12-23 00:14:10 UTC
EdwardNardella wrote:
By don't be lazy do you mean to say stay awake 24/7 monitoring my orders?


You will not be at the top of the list 24/7.

Deal with it.

And don't be lazy.
Komi Toran
Perkone
Caldari State
#10 - 2014-12-23 00:52:17 UTC
Eve is primarily a game of patience and determination. Your automation idea completely guts that from the market, and would rapidly destroy all margins as a consequence. Not supported.
Daria Meridian Carlile
Necromatic Inc.
#11 - 2014-12-23 01:02:17 UTC
No.

What you're requesting is basically a more efficient trade bot.

This would also ruin the game for a lot of traders, for example me :p there would be no effort in station trading and current tactics would no longer work, not to mention that you'd just end up with people making multiple orders, in short intervals, insuring that they're always above people with single orders.

Unfaithful LittleLamb Stasarik
Furry Footed Felons
Brack Regen
#12 - 2014-12-23 01:16:04 UTC
EdwardNardella wrote:
One consequence of this is that prices would be closer to their actual value which should benefit people who are placing orders with immediate fulfillment.


Why would you request a feature which guarantees you will, in very short order, be making the least possible profit from what you sell? Under your proposal you take a market in which people are either offline or do not check their orders in a timely manner, leading to higher margins due to slower order price changes and turn it into an instant downward spiral that continues 23/7 until the point of no return is met.
Velicitia
XS Tech
#13 - 2014-12-23 01:24:37 UTC
Samillian wrote:
Alundil wrote:
ShahFluffers wrote:
baltec1 wrote:
Don't be lazy.

Not empty quoting.

Neither am I

Works for me.

Where do I sign up for your respective newsletters?

One of the bitter points of a good bittervet is the realisation that all those SP don't really do much, and that the newbie is having much more fun with what little he has. - Tippia

ShahFluffers
Ice Fire Warriors
#14 - 2014-12-23 02:37:03 UTC
Velicitia wrote:
Samillian wrote:
Alundil wrote:
ShahFluffers wrote:
baltec1 wrote:
Don't be lazy.

Not empty quoting.

Neither am I

Works for me.

Where do I sign up for your respective newsletters?

Stop being lazy and make your own! P
Velicitia
XS Tech
#15 - 2014-12-23 02:43:09 UTC
ShahFluffers wrote:

Stop being lazy and make your own! P

What good does reading my own propaganda do me? Lol

One of the bitter points of a good bittervet is the realisation that all those SP don't really do much, and that the newbie is having much more fun with what little he has. - Tippia

Anhenka
The New Federation
Sigma Grindset
#16 - 2014-12-23 02:58:36 UTC
Velicitia wrote:
ShahFluffers wrote:

Stop being lazy and make your own! P

What good does reading my own propaganda do me? Lol


Eve has a fine tradition of drinking your own groups Kool-Aid.


P.S. Koolaid auto corrects to Nikolai
EdwardNardella
Deep Core Mining Inc.
Caldari State
#17 - 2014-12-23 16:43:57 UTC
Fair enough. If you guys injoy beating eachother by .01 ISK over and over who am I to complain.
Aiyshimin
Mea Culpa.
Shadow Cartel
#18 - 2014-12-23 17:19:44 UTC
EdwardNardella wrote:
Fair enough. If you guys injoy beating eachother by .01 ISK over and over who am I to complain.


Nobody enjoys it but you didn't really think this through did you :D

SpaceSaft
Almost Dangerous
Wolves Amongst Strangers
#19 - 2014-12-23 17:25:21 UTC
YES DO IT. DO IT NAOW.

I can't wait to see ten bots in jita 0.01 isking each other until the price is below the items mineral value.

11/10

Just two questions: wasn't Burn Jita in summer and didn't it use to involve shooting?

Antillie Sa'Kan
Imperial Shipment
Amarr Empire
#20 - 2014-12-23 17:34:19 UTC
Esmanpir wrote:
baltec1 wrote:
Don't be lazy.

Roll That's not productive feedback... Big smile

It wasn't a positive idea.
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