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0.2¢ eden innovations ltd

Thanks Trent, Do you know how people use these bots, trading...

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isaac1

8 Posts.

08/06/16

14:21

Post #: 17984661
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Originally posted by trent87 ↑

Hi Isaac,

Posiedon ark covered this on the 6/6/16 with a really good explanation from a post he had come across. The below was taken from his post #17965140

"funny you should ask. Because I just asked the same question on a different post . Anyway, this was a good reply and explanation by another poster.

Bot as in robot.... basically computers doing trades on behalf of people. they set in parameters and hit the go button. this way they can keep the share price, up, down or sideways as they swap parcels of shares back and forth in nano-seconds.... so it places a lower packet on the market and another bot picks it up.... they do this back and forth lowering the price. same goes for riding it up or putting pressure on stopping a run.
they are easily spotted by the tiny packets traded at odd prices and the start or end of the day.... or generally... really small parcels sometimes less then a notional "minimum" trade. Anything less than <$500 is a bot (robot)"

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Thanks Trent,

Do you know how people use these bots, trading software etc? I thought across the board $500 was a minimum trade?

Again forgive my ignorance.

EDE Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.2¢		Change 0.001(33.3%)		Mkt cap ! $8.216M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$127	77.53K

Buyers (Bids)

No.	Vol.	Price($)
55	191678441	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	27387676	19

View Market Depth

No.	Vol.	Price($)
55	191678441	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	27387676	19
0.003	51116248	26
0.004	5341034	5
0.005	303040	1
0.006	1500000	1

Last trade - 10.21am 21/08/2024 (20 minute delay)

EDE (ASX) Chart