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Adventures in algorithmic trading on the Runescape Grand Exchange

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Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#11

Post by partypete »

Frummy wrote: post #7
beoberha wrote: post #4

Sorry if I’m just bad at reading comprehension, but what exactly is being modeled here? It sounds like the author is just getting price data not unlike a candlestick chart. What I don’t understand is if the trading is happening within the 5 minute windows he mentions or if model is finding patterns across timeframes?

So I don’t know this stuff so I’ll stochastically parrot a reply here of my understanding of what I just read. The ML model is trained on the price spread and volume data collected with the cronjob every 5 minutes and stored in a database, and the trades with their respective data, but on previously collected data from 63 days up to 14 days earlier and then validated on the remaining later 14 days of data, apparently…

That’s right - I retrained the model every 7 days. These experiment results are from the most recent one-week period.

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#12

Post by alex1138 »

I'm not sure you can say enough good things about RS in general, aside from the very legitimate complaints the community has about the ownership, but basically it's a 20+ year game that's still getting updates, still getting new weapons and quests and level caps

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#13

Post by next_xibalba »

bboygravity wrote: post #5
nojs wrote: post #3

Haha, in the heyday of Runescape it used to be possible to simply have buy and sell orders sitting in the GE for the same rare items simultaneously, and over time they’d both get filled for a profit. I guess you would call it “market making”.

This is actually kind of how the US market works with essentially 1 market maker who is by far the largest and who also happens to be the largest political donor (100 million a year to gop alone). Oh, and like Bernie Madoff, the owner of that market maker also owns a hedge fund (which like Bernie's makes completely impossible profits year after year). The hedge fund is of course a totally seperately run business from…

You appear to be referencing Jeff Yass and Susquehanna International Group. Why are you being cagey about saying so? Their hedge fund has had losing years, whereas, as far as I recall, Madoff never reported a loss. On what information are you basing your claims?

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#14

Post by mmiyer »

next_xibalba wrote: post #13
bboygravity wrote: post #5

Earlier quoted context omitted.

This is actually kind of how the US market works with essentially 1 market maker who is by far the largest and who also happens to be the largest political donor (100 million a year to gop alone). Oh, and like Bernie Madoff, the owner of that market maker also owns a hedge fund (which like Bernie's makes completely impossible profits year after year). The hedge fund is of course a totally seperately run business from…

You appear to be referencing Jeff Yass and Susquehanna International Group. Why are you being cagey about saying so? Their hedge fund has had losing years, whereas, as far as I recall, Madoff never reported a loss. On what information are you basing your claims?

They're referring to Ken Griffin / Citadel (Securities). Not that it makes their claims any less silly in terms of fundamentally misunderstanding how markets work.

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#15

Post by Spivak »

sharperguy wrote: post #8
nojs wrote: post #3

Haha, in the heyday of Runescape it used to be possible to simply have buy and sell orders sitting in the GE for the same rare items simultaneously, and over time they’d both get filled for a profit. I guess you would call it “market making”.

I used to wake up before school, dump my entire stack of gold on the GE for bones (just the regular ones) at a few gp below average price. By the end of the day the order would usually be fulfilled. Then I'd dump them back on the market at a few gp above average price and it would be fulfilled by the morning. Most days it would net me a small profit, ocasionally prices would fall slightly throughout the day and I'd l…

How could you lose money on a standing sell order for a higher price than what you bought it for?

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#16

Post by soared »

I did this same thing but via a google sheet, really fun either how excellent the wiki’s API is. The profit per hour shown here is abysmal - you’d make more money doing pretty much anything.

I’d like to see market-level and category-level analysis on price trends (ie all magic-combat gear is trending up, or this specific item has a lagging relationship with another).

If anyone is curious, prices may be out of date but here is my profitability spreadsheet, time inputs, etc for various things using the api. This is better than the wiki since it can take into account trade limits, compare unlisted methods, hourly upkeep costs, etc. https://docs.google.com/spreadsheets/u/0/d/1iekEqInA2PwEuj1W...

You can tell likely from the methods I’m botting - turns out writing bots is even more fun than actually playing. Too bad private servers are being taken down through legal means, as I can bot there without ethical concerns.

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#18

Post by sidewndr46 »

Spivak wrote: post #15
sharperguy wrote: post #8

Earlier quoted context omitted.

I used to wake up before school, dump my entire stack of gold on the GE for bones (just the regular ones) at a few gp below average price. By the end of the day the order would usually be fulfilled. Then I'd dump them back on the market at a few gp above average price and it would be fulfilled by the morning. Most days it would net me a small profit, ocasionally prices would fall slightly throughout the day and I'd l…

How could you lose money on a standing sell order for a higher price than what you bought it for?

lots of video games charge a fee of in game currency for a transaction through an auction house or other system. It acts like a sink against inflation in the video game economy

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#19

Post by naming_the_user »

I made approx 1K GBP as a young teenager trading in RuneScape prior to the introduction of the GE.

Haggle people down to say 6 mil for a party hat I'd sell for 6.5, repeat, when I quit the game I sold it all on eBay, my mum was rather surprised when the money came in.

Hourly rate? Awful.

I very much doubt that I'd be where I am today without that experience though.

Re: Adventures in algorithmic trading on the Runescape Grand Exchange

#20

Post by knuckleheads »

I did something like this on Hypixel for a month or two. Watched the prices for inputs to various crafting recipes as well as the craft recipes output prices themselves on a loop, and whenever it hit a certain profit level, play a chime and I would go run some crafts. Easy enough to pull the info off of https://wiki.hypixel.net , and https://wiki.hypixel.net/Travel_Scrolls were the ones that most often had good returns. You needed a certain skill/level to make them, so the prices didn't even out too fast. Got tired of it eventually as the game wasn't so deep, but it's fun to mess around with for sure.
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