forums.rs

Forums

Secrets of the Grand Exchange

Quick find code: 98-99-806-63785618

of 60
Domingo Mon

Domingo Mon

Posts: 1,070 Mithril Posts by user Forum Profile RuneMetrics Profile
Awesome thread. I was trying to figure out exactly how the G.E. worked. My work here is done :)


So the priority of who gets money back goes to the newest offer or the oldest? or does it depend?

23-May-2016 05:37:47 - Last edited on 23-May-2016 05:39:43 by Domingo Mon

Gerben009
Dec Member 2012

Gerben009

Posts: 119 Iron Posts by user Forum Profile RuneMetrics Profile
Finance said :
Gerben009 said :
Hey, I've got a question about inactive trade offers in GE.
Does logging in on the website or companion app counts as an actual login to reset the 7 day timer?
I'm not sure, but my guess is no.
Since you can put offers in the grand exchange I thought that it would also count towards a login because you are using the ge :p
Kind regards
| Soul Wars Interface
Gerben009

08-Jun-2016 13:22:19

Finance
Apr Member 2012

Finance

Posts: 56,428 Emerald Posts by user Forum Profile RuneMetrics Profile
Gerben009 said :
Since you can put offers in the grand exchange I thought that it would also count towards a login because you are using the ge :p
Maybe, I'm not sure. The reason I guessed "no" is because the inactive offers system existed before the companion app, so it might not recognize companion app logins as "real" logins.
Community Helper

Need account help, technical support, or payment help? Visit the
Support Centre

09-Jun-2016 06:57:33

Kaptainkilla

Kaptainkilla

Posts: 2,453 Mithril Posts by user Forum Profile RuneMetrics Profile
How do the GE mechanics work when say there are tons of players buying air runes at the same price? Do older offers get higher 'weight' for allocations when airs are sold at that price? Or is it a rolls based system such as in combat? Or does buy-offer age not matter in high volume runes?

Finance, thanks for this guide! As an economics and finance major, it was a fascinating read.

22-Jul-2016 17:29:33

Finance
Apr Member 2012

Finance

Posts: 56,428 Emerald Posts by user Forum Profile RuneMetrics Profile
Kaptainkilla said :
How do the GE mechanics work when say there are tons of players buying air runes at the same price? Do older offers get higher 'weight' for allocations when airs are sold at that price? Or is it a rolls based system such as in combat? Or does buy-offer age not matter in high volume runes?

Finance, thanks for this guide! As an economics and finance major, it was a fascinating read.
The section on old vs new offers mentions this: "In the event of an exact tie in price, the older offer is prioritized.

The level of priority given to an older offer is influenced by how much older the offer is. Offers that are days older will receive near absolute priority, while offers that are placed around the same time might split about 75%/25% in favor of the older offer. So offers placed around the same time at exactly the same price roughly take turns."
Community Helper

Need account help, technical support, or payment help? Visit the
Support Centre

27-Jul-2016 00:50:18

Revenant Imp
Mar Member 2010

Revenant Imp

Posts: 2,575 Adamant Posts by user Forum Profile RuneMetrics Profile
One problem in your logic. If everyone were to NOT instabuy or instasell, then no trades would ever be made. xD Eventually one person has to give in and make the loss or there is no transaction and so its useless for everyone. So when I say "loss" it's better than stagnant (no money flow).

Other than that I want to thank you for being concise with this. I am happy that you go out of your way not only to write this, but also maintain it years later. A top guy and should become Pmod *hint*.

Also when you say its 75/25 split, is that in terms of whether the offer matches to you or is that money back/lost. Friendly Scapers (RS3 Clan) | Revenant Imp (Group Bossing) | Roaming Revenants

11-Oct-2016 20:31:22 - Last edited on 11-Oct-2016 20:33:20 by Revenant Imp

Finance
Apr Member 2012

Finance

Posts: 56,428 Emerald Posts by user Forum Profile RuneMetrics Profile
In a certain sense you're right--no trading would occur if nobody instabought/instasold something--but the only way people actually figure out the instabuy/instasell prices is by instabuying/instaselling. :P So this is how merchanting activity benefits other players. Merchants ensure that anyone trying to place a quick trade gets a fair price. The more merchants in the market, the closer you would expect the instabuy/instasell prices to become.

When I say don't instabuy/instasell something, I'm mostly talking about big purchases, in other words, purchases that are a significant portion of your account's net worth. For small purchases, you're just wasting your time attempting to save 1k.

The 75/25 split describes whether the offer matches to you. The determination of who gets money back is entirely based on who places the first offer.

Thanks for your compliment, and I'm glad you liked the guide!
Community Helper

Need account help, technical support, or payment help? Visit the
Support Centre

19-Oct-2016 13:23:26

Quick find code: 98-99-806-63785618 Back to Top