..a little bit of history….or How the DexBot came alive …
Not so long ago a couple of members in our group, BTS DEX LIQUIDITY (Telegram channel), came with the brilliant idea of increasing the liquidity of the DEX markets by adapting the grid trading pattern from the forex trading. The basic idea of grid trading is very straightforward. Instead of placing one trade, we place multiple trades forming a grid pattern. Usually these are entered as “stop” or “limit” orders around the current price level. Grid trading is a play on market volatility. There are two reasons why it’s favored by traders. The first is that it doesn’t require you to have a definitive prediction on the market direction. The second is that it works well in volatile markets, where there isn’t a clear trend – these conditions are very common in the crypto markets. Our group was formed on October 17, 2017 by @Permie. The pic above is the record of the first message. Trying to solve one of the most underrated problems of all the crypto markets, liquidity, @Permie was soon joined by other members, Crypto Kong and @markopaasila. Ideas were put on the floor, debated and live tested. And then @markopaasila “had a dream” and wish, that some day, a bot will place the orders for him…“Ideas are the seeds of invention and actions are the fertilizers.” More ideas and strategies flooded the group, from many corners of the world and time zones.
So, with pen and paper at hand, our members set to bring to fruition their vision : create a trading system, easy to follow, easy to implement, accessible to everyone who uses the Bitshare Dex and free, yes, free like in beer..Since then many months have passed and the project evolved, a WP was made and very recently voted in, which means Marko finally got his dream come true.
for historical reasons ….The first how to guide to staggered orders by @^O^: “Guide on how to make the market between bitCNY and bitUSD for profit
I lift things up and put them down.