Profit from bid-ask spreads the Market Maker way and receive chunky rebates in the process. Who needs more fees?
With Market Maker,
more liquidity = more monetary rebates… and 0% trading fees.
Our full-time development team sure know their way around playing with orderbooks. They’ve done a great job implementing that knowledge into MarketMaker
Exchanges like BitMex reverse their stance on fees when it comes to providing liquidity to their platform. As a reward, they pay you to trade.
MarketMaker is the latest in a long list of software we’re working on. It’s eventually been released exclusively for the community.
What is a Market Maker?
If you want to buy or sell crypto – the first step is to head to an exchange. Here, you’ll bump into other buyers and sellers of cryptocurrency.
The difference between the prices those traders are willing to trade their pairs at depends on the supply and demand for that pair.
In the order book here, we’re looking at XBT-USD on Bitmex. The green and red flashing boxes are buyers and sellers who have just placed an order.
The variation between the opposing buyer and seller’s “bid” and “ask” prices is usually referred to as the “spread” amongst traders.
If a potential customer looked at those stats, there’s a chance they’d use another platform that provides a better chance of buying or selling.
The solution for this problem is easily solved by the exchanges.
This is where we come in.
Catch you on the flip side.
When you attempt to emulate the mind of a market maker, you don’t make trades based on whether the price will rise or fall. You make trades by creating a difference between the bid and ask price… or “the spread”.
Because we place trades on either side of the orderbook, the exchanges can see that we’re taking a risk. This risk is caused by the inevitability that prices can move against us from either side.
In return for that risk exposure, we don’t get a fee. Instead, we take a piece of Arthur’s pie in the form of a monetary rebate.
We’ve got the power of the community and Gunbot’s MarketMaker to manage that risk.
We place 5 orders on either side of the orderbook with a strategic spread.
Gunbot will know when one of the trades has fulfilled and also which direction the market is, statistically, most likely heading.
As soon as it processes this information it sends an API call out to cancel and move those 5 orders previously submitted.
It will then move them up or down the orderbook in a way that correlates to the market direction.
Can you imagine trying to process and execute all that information accurately in a minute, let alone all day without stopping?
With Market Maker, this is just the tip of the iceberg.
There are several variants you can use if you have MarketMaker enabled. Variants like advanced scalping methods, sup/res, Fibbonaci and grid bots amongst others.
The Gunthy Marketplace is there for you too. It’s essentially a cheat code store for configs.
Plug in a ready made config to compete in MarketMaker tournaments where you can earn crypto just for competing!
You can also download custom scripts written from scratch by Gunbot community members like BestNAF who writes and distributes the “Anti Rekt Script” that has some mind-blowing risk management for a risky environment like MarketMaking.