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| 11 Apr 2015 11:00 AM |
Ok I get how to use it but I still have some questions, thanks for reading
1. Ok usually when there is a negative spread of -1000 which is where I should convert robux to tix, the tix rate gets so low that if I were to multiply by the amount of robux I have i would lose a lot! Like it was -1000 yesterday and a tix rate of 9.0089 ... I don't get it
Let's say I'll give in 67 robux to tix at this spread
67*9.009 = 603 tickets which means I lost another 400 tickets
Can someone explain this to me please thanks |
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| 11 Apr 2015 11:03 AM |
| Nobody maths 'round these parts boi. |
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Salvum
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| 11 Apr 2015 11:08 AM |
| I could help you... if you made it clear what you were actually asking |
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| 11 Apr 2015 11:14 AM |
@thecurrencyexchange
The rules say when the spread is negative, that is the best time to do limit order system from robux to tix.
However the lower the spread the lower the tix rate, and that is the rate which I should multiply by the amount of robux I have.
So let's say the spread is -13000 which is a jackpot the tix rare goes down rapidly to BUX/TIX 15.000/9.0089
And the formula to convert robux to tix is you multiply the amount of robux you have by the tix rate which is in this case 9.009
I want to put 67 robux
67*9.009
= a number that will make me lose more than the if I converted my 67 robux to tix using market order
Clearer now? |
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| 11 Apr 2015 11:15 AM |
| My question is how do I deal with this and actually make profit |
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0leeoX
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| 11 Apr 2015 11:22 AM |
When the spread is negative, that means the two top orders are overlapping.
If there's a high enough quantity in each of the top two and it's not a "No split trades" order, then you can profit simply by using market order twice, since if you were buying robux you would have paid lower than the current best order to buy them, and if you were selling robux you would have sold higher than the current best order to sell them.
Jumping the current trades would be a bad idea because you would have bought high and sold low. |
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| 11 Apr 2015 11:28 AM |
I appreciate what you said but can you make your statements more simpler since I am a new to the limit order
In other words can you be a bit more clearer please thank you |
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Salvum
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0leeoX
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0leeoX
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| Joined: 03 Apr 2015 |
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0leeoX
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| Joined: 03 Apr 2015 |
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Salvum
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| Joined: 21 Aug 2011 |
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