If you have been to the internal market today, you might notice a lot of 7.77 and 77.7 sized orders. That's my automated market maker. I am NOT doing any self-trades, so totally at the mercy of others filling my orders. What I do is fill in the gap between the highest bid and lowest ask with ever closer quotes. I dont bother getting closer than .001 apart that is really quite good and other market makers will squeeze inside to provide even tighter spreads.
If you look at https://steemd.com/tools you will see that my trading account "taker" is about #40 on the list with 67,000+ liquidity points. At the top of the list, accounts that self trade thousands of STEEM with itself accumulate million+ points, but these are the current rules. My quotes are so close together than they hardly ever last more than 30 minutes, so they expire or get filled and dont last the required 30 minutes to earn any points.
I wont complain, I will just post what is happening. If you think the current system is unfair, then please upvote. My goal has been to create useful liquidity, regardless of the point system, not that there is anything wrong with getting points
how much did you get, If u dont mind?
up to a whopping 67,000 liquidity points in the top 40. At this rate in about a month i might get a 1200 STEEM award, but probably not. Not self-trading is really a very poor way to get the liquidity points and I dont want to spend time fiddling with a perfectly good market making algo just to get points. As it is now, there is always a tight spread as my bot forces the spread to 0.001 on its own and all the point chasing bots need to squeeze inside the 0.001 or just clear out some space
so basically nothing from the liquidity points, abit did send me 100 STEEM as a bounty
NICE Im in the que but it tough a dont have a bot quite frankly dont have the time to even set 1 up...
I explain here https://steemit.com/investments/@jl777/boring-technical-explanation-of-my-automated-market-maker how I did it
i figure its worth 10 cents to click the upvote since it doesnt have a confirm button :)
great thanks... wow, must be nice to award yourself $0.11 for each time you reply lol!
wait so I can award my self 10 cents for upviting my comment? lol. well dat's fun.
Free moneeey, just sitting there. . . .
This is the kind of thing that makes me doubt how sustainable steem it it. I hope we can stir it in the right direction before it is bled dry. : P
Good work.
Wow @jl777 you're becoming a legend in my book. I'm new to this kind of stuff so I have to read and re-read all this to make sure I understand, but thank you for sharing. You're putting in some awesome effort this community.
As long as the bot keeps orders on the book, eventually it will earn points when the market moves. Likely will win the reward at least once everyday.
the problem is that currently due to lack of capital, i have to expire the orders after an hour, so it is only a small window of 30 minutes to 1 hour where it is able to get any points. Given enough capital, then yes, it will be many little pockets of stored value as the price moves
Try place orders less frequently and with longer expiration? Or smaller orders?
Ive been trying desperately to achieve this...
got some more points!
101,376
Congratulations, finally you got it :)
So, did the advice from @abit help in the process?
yes he advised to make a separate account and that seemed to help as I make sure the "taker" account never takes. its name is a reminder of what not to do
Teach me
relax guys you are going to burn the order book 8]
What if you share the code to people with nice no-tech explenation how to earn a few dollars just becasue you can easly run that script on vps. A few steps tutorial how to reach this for noobs. It coud be potentially beneficial for the system if many bots will make liquidity. Am I correct ?
it is based on iguana so anybody that can get iguana running would be able to run it, it is just a 300 line file.
i dont have time to do the tech support and it really isnt for newbs the way it is setup. maybe I can make it an easier to use blackbox, but the problem is you need to get steemd running, then the cli_wallet also, and that isnt really newb stuff.
also, i am making no money from this and theoretically i could lose a bit of money, so the liquidity points system would need to be updated. otherwise it is just a lot of work for nothing. i would have to add self-trading logic to earn points, but i dont really want to encourage self-trading as its only purpose is to get points and is a bit counter productive as far as providing real liquidity.
so right now there is no explanation possible about how to earn a few dollars as the points system is broken
well it seems the secret sauce is working!
637,024
need to analyze what actually happened before I can be sure why/how it got so many points
up to #13 982,500
it seems to be working decently, but I came up with a few improvements, so hopefully it will work even a bit better
Do you know you've got liquidity reward once?
block #3374400 liquidity reward: takerCheck https://steemd.com/@taker for more info.
i lost internet, i missed that. i guess taker is doing better than I thought. Now it makes sense why it had more funds that I thought it should :)
I changed it to use lower amounts for a longer period, but someone who wont be named is stuffing the books with almost 100K STEEM! I wonder who it could be
Lots of orders on book, but the account is obviously running out of liquid STEEM.
18.278 Steem $2,528.250900 STEEM on the way.. Let's see.
abit transfer 900 STEEM to taker liquidity bot fund (part 2)thanks!
At the 77.7 ordersize/one minute I think it needs about 4x the current capital
Keep in mind it isnt doing any self-trading at all, nor is it doing anything specifically to get points. it is just doing its best to create 0.001 spreads
The secret sauce is that the self traders have to fill your orders eventually, if they aren't quick enough, you'll earn points from them.
By the way I have strategies to fight current bots, but they are disabled right now, you know.
I know, you are using the "tough love" approach
Hello my name is Irina and I am a beginner of steemers. I wanted to earn a little money for the requirements as now with work it is problematic, and at me it I turned out a little SD> Steem traded and earned $40 for a spread. But now you boats reduced a spread from 2-3% to 0.05% and my transactions do what =(. Whether prompt there are some options still?
Здравствуйте меня зовут Ирина и я начинающий steemers. Я хотела заработать немного денег на свои потребности так как сейчас с работай проблематично, и у меня это немного получалась я торговала SD>Steem и заработала 40$ на спрэд. Но сейчас вы ботами сократили спрэд с 2-3% до 0.05% и мои сделки не делают не чего =(. Подскажите есть ли какие-то варианты еще ?