DEXBot Documentation Update August 2019

in dexbot •  5 years ago 

DEXBot Documentation Update August 2019
Permie

The https://github.com/Codaone/DEXBot/wiki has been updated, refined and added to. Each page is now numbered to allow easier reference between users and users of different languages as they can point out the 1.5.2 section of the wiki and all users in the discussion are on the same page.

For Example:

1.01 Welcome to the DEXBot wiki!

1.02 DEXBot Market Making User Guide: https://medium.com/@CryptoKong123/market-making-dexbot-user-guide-ae7b5808b3b6

1.03 What is DEXBot? DEXBot is an open source Market Making Bot that places trades on the BitShares Decentralised Exchange (DEX).

dexbot-demo-mod-worker

bitshares-bts-cny-ui

DEXBot-example

1.1 DEXBot is a Market Making Bot funded by a BitShares Worker Proposal. The purpose of the bot is to allow anyone to easily provide liquidity in any market on the BitShares Decentralized Exchange, the DEX. The software will be iteratively improved as easy to use as possible. There will be conservative and sane defaults for anyone to easily get started. Rather than simply holding, users can put their assets to work - adding value to the DEX - and hopefully doing so profitably. Of course no profit can be promised.

1.2 The goal of the project is to increase liquidity on the DEX and also increase the appeal of BitShares by providing more use-cases to the common cryptocurrency holder.

1.3 Since the bot is funded by the community as a whole the included strategies should increase the value of the whole. Thus, the bot will only include strategies that provide liquidity. Active trading strategies can decrease short term liquidity, adding value to the bot-operator but not the whole, and should be provided by other bots.

1.4 The bot does not have to be running continuously. The placed orders will remain on the books, and once online again the bot will update orders according to strategy. This is intentional, so that any user can make use of the bot on their own laptop. Some DEXBot modes/strategies are better suited to running the bot intermittently.

1.5 Usage

1.5.0.1 At this point the bot contains three strategies:

1.5.1 * Relative Orders, which places a buy order below, and sell order above the supposed centre price. It is suitable for established and active markets with enough participants. EXtreme caution is advised in inactive and low-participance markets; the Relative Orders feature is very likely to make losses in these conditions.

Relative-Orders

1.5.2 Staggered Orders, which is for all markets, and especially suitable for bootstrapping markets. It makes profit from volatility, and will make you lose all your money if you use it on a worthless asset. Staggered Orders should be for long-term-use on markets that the user determines to have long term value.

Staggered-Orders

1.5.3 King of The Hill. KOTH is for all markets, and simply places orders such that they are always the first in the orderbook queue. KOTH is for users who want to buy or sell an asset fairly quickly but don't want to pay the extra cost of the spread.

King-of-The-Hill

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https://github.com/Codaone/DEXBot/wiki/Installing-and-Running