"he must create orders always on top of book orders".
Yes, exactly! Always stay on top of book orders buy/sell.
I think this is very important because what if the market goes up and I stuck on a "bad" buy order that is too low? I'd rather keep trading and on average I will still gain even if some trades lose, because I am making the market (the spread) between buys and sells, on average this will be at least 2%+ and sometimes the market will move my direction and I'll make much more. It will all average out.
It's just like sports betting - you don't win every bet. You just want to win 55%+, over long term, you will make more BTC this way. I don't care about 100% win rate. I will just end up having to manually reset the orders and it defeats the whole point of the program and I will just go back to manual trading. Nearly every day Cryptos move 10% plus and I don't want my orders getting left in the dust.
It seems like it would be relatively simple to add, you have a lot of settings like this already?
Does anyone else agree? What would be "prohibitive" cost to add?
Thanks!
Was this ever fixed Sampey? Does anyone know?
The problem was for advanced market makers, if a currency moved against you and the "ping pong" would take a loss, it was permanently blocked from doing so, making you have to reset the order to start trading again.
Anyone knows "ping pong" will not profit 100% of the time, although it should be 50%+ if you pick the right coins.
It should be allowed to freely "ping pong" based on the market, not your last buy/sell.
Thanks guys.