[bisq-network/proposals] Develop a network of Bisq merchants by adding conditional orders (#123)

mpolavieja notifications at github.com
Sun Sep 22 10:23:40 UTC 2019


> Creating a sell order order that would automatically become unavailable if the price goes below certain level makes sense and that would be a great option for all traders.

Yes. As I understood it, the sell order would be automatically disabled if there is not available another sell order from another Bisq user with the merchant´s preferred payment method (I´ll call it the **hedge order**) at a price below a specific %.   This would be the conditional order, it would automatically enable / disable if the condition is met / not met.

But another thing would be needed, if the merchant's f2f order is taken, the merchant would need to **automatically** trigger a buy order in order to immediately take the  hedge order, so he locks his fee ( 4% or whatever distance he set his order to the hedge order).  This is generally known as an **OSO order** (Order Sends Order).

The above could be applied for any Bisq participant who is willing to arbitrate two different payment methods (i.e. Revolut vs. SEPA, HalCash vs. Revolut, etc)

N.B. The f2f merchant´s order could also be hedged outside Bisq in a liquid centralized exchange such as Kraken or Coinbase, but for that a bridge would need to be developed between Bisq's API and the centralized exchange's API would (also to open an account on the centralized exchange and exposure to custody risk), so it would be a lot more complex for the user.  Not a turnkey solution. 



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