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Question: What prices?
$80 - 15 (24.2%)
$90 - 4 (6.5%)
$100 - 8 (12.9%)
$110 - 21 (33.9%)
Other (comment) - 14 (22.6%)
Total Voters: 62

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Author Topic: What should I set my buy orders at?  (Read 1604 times)
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April 22, 2013, 02:43:10 PM

If BTC has been stable for 24 hours: buy $ amount (stable = a percentage updated based on recent volatility)
If BTC dips below x: buy $ amount (where x = percentage below current high for the past 12 hours, also based on recent volatility)
If BTC rises above x: sell $ amount (where x = percentage above current low for the past 12 hours, based on recent volatility)

I believe, without sources, that one or more market-making bots are using a similar strategy on Mt.Gox. If this works for you, then make bot on one of the trading software applications.

I will try it out for a while and see how it goes. I wish I knew how to program a bot, but I guess if I ever start trading at a high enough level I could outsource it. Not at this time though.. needs more testing + I don't deal with large enough volumes to make it worthwhile.
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