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Secrets of the Grand Exchange

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maltizok
Oct Member 2011

maltizok

Posts: 250 Silver Posts by user Forum Profile RuneMetrics Profile
I'm not sure if this is mentioned somewhere throughout all these pages of comments (only read to page 7 before making this comment so I wouldn't forget it).

With the low volume items, I've found that depending on the time of the day you can manipulate the price through the ge to drastically increase the amount of gp you make per flipped item. Now with the 4hr limits not resetting your buy offers it's not quite as profitable but I'll give an example of what I've done in the past for massive profit.

First is how I would buy mass amounts of items by "breaking" the buy limit's. Like your example I'll use the rune 2h so I'm not revealing which item im actually speaking about. Say the R2h has a buy limit of 10/4hrs, in the past I would find the margin for this item and then buy 10 of them. Lets say the margin was 2k being with 38k the price im sellin for and 36k the price i buy for. I would put in an offer for ~50 R2h (at 36k ea) and then sell 1(for 38k) of the 10 I bought. By selling that one item my offer for 50 R2h would start buying again and leave me with 19. I would continue to do this till my buy offer was completely filled then sell all of them for 38k each maximizing my profits with my entire cash stack being used.

Continued in 2nd post (ran out of room)

04-Dec-2012 00:04:20

maltizok
Oct Member 2011

maltizok

Posts: 250 Silver Posts by user Forum Profile RuneMetrics Profile
Using this same principle you could essentially set your own profit margin. For this example I'll be using archer's ring (old prices) GE value at the time was 1550k with a 10/4hr limit. I found the margin to be 1505k-1590k(85k profit per flip). By breaking the 4hr limit I put an offer in for 40rings and at 27 rings the offer stopped buying completely even after I sold all of my original 10 rings. Thinking that they had fixed the limit ending my ruse I was a little disheartend only to find a 28th ring buy just as I was about to remove the offer. After waiting nearly an hour not one more ring bought so I decided to claim my 28rings from the offer and check to see if the margin changed. I put 1 ring in to sell at 1500k and found that my buy offer updated to 29/40 and my ring sold instantly. Claiming the cash from the sell offer and looking at my buy offer I realized I had just sold the ring to myself! Reclaiming the ring and my 5k cash it occured to me that this ment something incredible, my offers were the only one on the ge for archer rings at all at that time! Now with 28rings and absolutely no competition at all I put the rings in to sell at 2105k each and went to sleep(by this time it was nearly 5am my time). When I got back on later that day I was extremely pleased to find all 28rings sold yeilding 600k profit each, more than 6x the original profit margin. For the next few days I did this until the GE value of the ring finally became to high for it to work leaving me with nearly 30m gain in just 3 days!(I was also flipping other items this entire time making it the most profitable 3 days of flipping ever for me with about 110m gained in total). Now that selling an item doesn't reset the buy offers I don't think this would be possible, but for historical ge info I thought it would be nice to share.

Great guide and many thanks for explaining things so clearly, I was already aware of how the ge worked but it's great to see written out.

-King Maltizok

04-Dec-2012 00:07:26 - Last edited on 04-Dec-2012 00:11:35 by maltizok

Finance
Apr Member 2012

Finance

Posts: 56,428 Emerald Posts by user Forum Profile RuneMetrics Profile
maltizok -- thanks for posting, glad you enjoyed the thread. Just a few things to comment on what you said.

- You can buy and sell items to yourself, yes. Either this means your offer is the best one in the GE (as you surmised), OR it means you are on your GE limit so the only offer you are able to complete is your own.

- Buying and selling stuff does not reset GE limits anymore. If you were able to buy more than 10 archer rings in an hour, then what basically happened was something like the following:

Buy 1 ring @ 00:00:00
Buy 9 rings @ 03:00:00
Buy 10 rings @ 04:15:00

As you can see, you actually bought 19 rings within 1:15:00, but only because you were actually starting two different GE limit "periods." (Check my sticky in item discussion for more on this.)

Grats on making some great profit off archer rings, though. You certainly seem to have the hang of it. EoC has indeed driven up the prices and I imagine they are quite a good flip. :)

...in fact, I may have bought one off you last week. Lol!
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05-Dec-2012 18:11:48

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