Quote from: phorensic on January 26, 2012, 04:27:36 AM

Quote from: RyNinDaCleM on January 26, 2012, 04:23:23 AM

Quote from: phorensic on January 26, 2012, 04:20:38 AM

Quote from: RyNinDaCleM on January 26, 2012, 03:55:47 AM

The thing is, it can, in many cases, be put up, or removed in one click. So unless they have impeccable timing, they are usually one player. At least the majority of said wall.

I'm pretty sure the big walls are mostly built by bots. I wouldn't want to be responsible for manually typing and clicking to put up or pull down a huge order. I would rely on a bot to do it in milliseconds.

Heh, I don't know if I'd trust a bot to do it. Cheesy

If the algo is just slightly off, that's one potentially expensive mistake.

Not really an algorithm necessary to place the order. There could be a simple programming statement for when to cancel the order. And yeah, placing the order could be done manually. However, I wouldn't want to stay awake for 24 hours a day watching the price and then see it spike and go OH CRAP, cancel order!! Then find out my session on Gox was expired. Then have to log in. Then click the cancel button. See what I mean? The bot could do all that in 50 milliseconds.

Good points! Especially the Gox timeout!

To do:

Bot to cancel orders, depending on momentum/speed...Check