Sunday, January 21, 2018

Making an operational pit boss

Here we have Coinbase (GDAX) being sandbox compatible with the launch of the Bitcoin-Euro trading pit.  They define a pit boss start procedure which other trading bots can read and adapt, it is an operational definition. Essentially they are jumping the Markov chain until they get a stable window size configuration.
In order for the lunch to go more smoothly this time, GDAX will handle the process in a measured and gradual fashion. The exchange team said that the BCH/EUR market will open at first in ‘post-only’ mode for a minimum of ten minutes before entering ‘limit-only’ mode followed by ‘full trading’ mode.
Coinbase reds my blog, they must have a special deal with the censors. 

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