Topic: [ANN] Bittrex / Poloniex / Cryptsy All Coin Trading Software, Quatloo Trader. - page 73. (Read 236646 times)

Ping pong is trying to earn the spread... make sure you set the minimum price difference to a number of Sats that will cover the fees and earn you enough to make it worthwhile. this is a common practice in the stock markets, although with perhaps a bit more sophistication.

Actually A lot more sophistication!

Ping pong is the best part of it. There is always a difference between the buy price and the sell price. You basically put a buy order up, someone sells into it.  Then it will put a sell up, then someone buys into it. It's free money lol I have no idea why you wouldn't think this is like totally amazing

It is normal to experiment with the software that I just got.  I didn't like the ping-pong trading.  It's NOT for real traders.  You either want to buy or sell.  It was useful when I set it up one way only.  Because it would buy as the price changed or sold whichever I wanted.  But I couldn't really understand why would someone set it to buy and sell.

ok, but... Work or not 

GL dude!

Well, make QTL wildly successful and Markus will have time to work on Mac version!

I happen to think a lot more traders use mac than windows bud. You are catering to the smaller market right now.

Anyway I love the app and look forward to future development awesome job.

The refreshing got me at first a couple of times.  I have tested it now and again since the beginning and it has always seemed to work right.  Just make sure you are allowing for the refresh.  It gets you on order cancels sometimes too, where the order still appears after refresh until it actually cancels out and can refresh without it.  Not saying there might not be a bug, Markus will check it out if there is I am sure.  That is why he ask for feedback.

+1
 I always keep mac and use it for trading during a day. I also think it would be good to develop mac version 

@ MrMinerVa

make sure that on the first tab (=settings) when the trader is open the "refresh orderbook every x seconds" is checked and also make sure that this value is lower than your ping-pong-time value. new orders as well as deleting your old orders happens in cycles (not instant when another guy places an order into the orderbook), and the cycle is the amount of time between "max interval" and "min interval".

I noticed that too.  Had to stop it manually and cancel orders. Sometimes I couldn't catch the order in time to cancel, so it ended up as partial filled.  Sometime I lost money because someone would put an order just above me with a high price, then the order gets bought out. So small that it offsets my order.  I end up with buying at a high price. Higher than what's being offered.

Not sure on that one, it is working for me.  How are you looking at the orders?  Updating the order book?  It takes a few seconds sometimes.

Yes, I've let the timer run out several time over and it never changes.

You are letting the timer run out, right?  Because it will look and replace order.

Maybe I'm not explaining it right,

I place a sell for 100 CAP at 0.00005000
Someone else places a sell after me for 50 CAP at 0.00004999

Shouldn't the program see the other persons sell order, cancel my 100 CAP at 0.00005000 and make a new sell order for 100 CAP at 0.00004998?
If that is what is suppose to happen, it's not. My sell for 100 CAP stays at 0.00005000, their could be 10 more lower sell orders, all dropping by 1, mine just sits there unless I stop the ping-pong, manually cancel the sell order, then when I restart the ping-pong it will place my order 1 below the lowest sell order, and just sit there, never changing.

Thanks
Tom

This is what you have stated:

You have placed a sell order 1 sat below top ask.
Someone places a sell order 1 sat below yours.

So...

Top Bid
Your Bid(-1 sat)
Someone else's bid(-1 sat below yours)

This is what you have written out.  I don't see the problem you are still 1 sat below top ask.

Run multiple instances of the trader for multiple coin markets.  The Ping-Pong checks when the counter gets to zero.  You set how long or short you want it to wait to check.  A fixed amount of time or random if you check random.

Ok, I finally got above the 3000 QTL to use the full verison 

I have it working, somewhat. Not sure if I am doing something wrong or not, I've watched the videos a couple of times, but it's not working just right.

Please correct me if I'm wrong. If I place a sell order using the Ping-Pong settings, say for CAP. I set "Satoshis Below Top Ask" at 1, set the Place To Ask say at 12 CAP and check Scalp Mode, and click "Start Ping-Pong", that seems to work, the Sell order is placed 1 Satoshis lower than the highest Selling price, no problem there. But, if someone else places a sell order for 1 Satoshis less than mine, isn't Ping-Pong suppose to cancel my sell order and then place anew one 1 Satoshis below his? If so, it does not seem to be working. The order is not cancelled and a new one is not placed. Now, if I go to the "Open Orders" tab, manually cancel the order I placed, then the program will submit a new order for 1 Satoshis less than the current Selling price.

Also, am I right to assume that you can only have one Ping Pong running at a time no matter what coin/market you are selling at? I had the CAP sell setup, then I went to the 42 market, almost as soon as I did that, I noticed that my sell for CAP was cancelled (I was watching the orders on Cryptsy in another window), then, a sell order for my 42 coins was automatically placed 1 Satoshis below the high selling order for 42 coin?

Am I missing something in all this, did I set something wrong? I believe we need some more details about how the program works (or suppose to work) and it's limitations.

Thanks in advance..
Tom

It won't happen for quite some time.. I'd have to totally rebuild the app in java since im not going to just build one in objective c just for mac.  You may be right, but it just won't happen, I'm way too busy just building the new features.

I am 100% Mac OSX user, I *HATE* Windows...But, for this app it was worth installing Win7 on an old laptop, try it out, you'll never look back