Yeah I know….. mileage may vary, depends on alot of variables etc but I still think it worth noting as a point of interest so far.

So, as you have seen me talk about before, Bitshares is awesome and so far ahead of many other projects and has been so for years. However recently a worker proposal was approved (worker proposals are where people get paid by the blockchain for doing something and get voted in) for the creation of market making bot for the Bitshares Decentralised Exchange, called Dexbot. I thought it’d be fun in a personal capacity to try out the bot on a spare computer I had at home myself.

Dexbot is an alpha version of a command line and GUI trading bot that can run on the bitshares DEX when connected to your Bitshares account and wallet. The github is available here and telegram channel here. It is by no means a finished product yet and should not be used in production, only put money into the bot you’d be willing to lose.

Keep in mind my strategy was the ‘relative order’ strategy which optimally performs well in volatile markets. You place orders on the bid and the ask at some spread, when one gets taken you relist it on the other side and make a profit of the difference in between. More information is available at the Dexbot website or on Steemit. Think of it as me wanting to buy an apple for $9 then selling an apple at $11.

I thought I’d give it a go and here are my results from the start of the week till the end of the week.

Firstly some settings:

Market: BTS/ZEPH

Spread: 10%

Strategy: Relative orders

Amount: 30% of balance.

Platform: Ubuntu 16.04 and Win 10.

Ok ready? Lets get into some results so far…….

Day 1 Total Balance:

BTS Balance: 71.08

ZEPH balance: 136.66

Day 5:

BTS Balance: 42.1

ZEPH: 450.64