Quote from: geri on March 04, 2014, 05:49:41 PM

Quote from: Armis on March 04, 2014, 01:27:20 PM

Quote from: geri on December 28, 2013, 11:47:43 PM

After registering on Coinbase I was surprised there is no way to place my order at $600 and wait for the price to drop to meet the order.

/// 4th January:
Released: http://coinbaseorders.com/
Github: https://github.com/tomholub/coinbaseorders

The system checks the price on Coinbase every second and will buy or sell if the price is right based on your orders.

how does this work in terms of intergration with my coinbase account? take to time to explain in detail ie:

1) click on: coinbaseorders.com
2) ...

Sure,

1, open coinbaseorders.com
2, sign up with email/password (different than on Coinbase!)
3, confirm email address by clicking on a link that you receive
4, back on the app, click "connect to coinbase" button and it will take you to Coinbase website. It will ask you for permissions to Buy, Sell, view balance, and view transaction history on your coinbase account. All this is happening on Coinbase website.
5, confirm. it takes you back to coinbase orders. My app receives tokens and will use these tokens to communicate with Coinbase API to put orders on your account.
6, go to "orders" page. Put in a order that you want to buy at, say 2BTC at $550.
7, have a sound sleep
8, when the price drops down, to $550 or less, the app will connect to your Coinbase account with the tokens it has, and buy or sell appropriate amount
(9, when you don't want to use the app anymore, click on "Disconnect from Coinbase" button that will remove your tokens from my database)

- tokens are stored encrypted in database
- have to be used with my own private keys stored out of the database
- have limited privileges

The only "risk" I can think of is that the app would not buy your coins when it should, due to error, which happened to 3 few users already (of 160) and I'm solving it with Coinbase devs right now.

What happens in this scenario? (Here is an example)

-Price of Bitcoin is $700
-I have a 1BTC Buy order at $600
-I have a 2BTC Buy order at $500
-I have a 3BTC Buy order at $400
-Price of Bitcoin drops to $300

Does it execute all buy orders? Or just the first one? Is there a refractory period? Thanks. Just curious.