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Grand exchange price limits


runevirage

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When you buy/sell on the grand exchange, you should be allowed to set the buy/sell price at whatever you want. However, the 5% limit should still be in place, but when the price does rise or fall to the price you set, the offer should go through.

 

 

 

For example, for a 10k item the price limits for transactions should still be 9500-10500gp, but you should be allowed to put up offers for 12k for example. The order would only go through once the price range reaches your offer, and once there are others offers to meet yours as usual.

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yeah this update would make spirit shields, party hats, 3rd age etc become the correct price people are willing to pay for them and other more widely traded items would stick to ge prices, and also reduce junk trading.

 

 

 

Edit: although thinking about it would allow you to trade money accross to accounts by charing silly prices for less desired items like being able to sell a bronze pic for 30m.

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At one point in time, I was buying and selling rune scimitars. I kept buying low, and selling high... until they refused to sell on the G.E.

 

I went away for a weekend, with them priced as low as possible, but they never sold, and the price became out of the range. It lost me about 200k - but at that time, that was 1/6 of my wealth. I was upset, selling at lowest wouldn't lower the price.

 

 

 

This idea needs a little more work, explaining the mechanism, but if its as I understand it now, I would support it. Just need a little author clarification.

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It would be good to be able to make the price automatically bind to the maximum, minimum or medium price as it changes over time.

 

I put in 75k as that is the max. It goes to 95k. Did I just make 20k?

 

 

 

Either that or I get what your saying :P

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No, this would help RWT(eg.Someome puts up junk for 100m, then gold seller puts buy offer for 100m.)

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No, this would help RWT(eg.Someome puts up junk for 100m, then gold seller puts buy offer for 100m.)

 

 

 

I don't think you understood the idea; he was suggesting that you can put an offer for lets say 10000 gps while the max of the item is 9500, and when it rises, your offer will be in place already. Kinda hard to explain it..

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It would make price manipulation too easy. The limits keep merchants from buying all the items that are on market right away.

 

 

 

No support the limits are fair as they are.

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It would make price manipulation too easy. The limits keep merchants from buying all the items that are on market right away.

 

 

 

No support the limits are fair as they are.

 

 

 

This. I don't see any real benefit to this idea.

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if you can do this with stocks irl (sell when they get to a certain price etc) then it should be doable...

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It would be good to be able to make the price automatically bind to the maximum, minimum or medium price as it changes over time.

 

I like this one better.

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It would be good to be able to make the price automatically bind to the maximum, minimum or medium price as it changes over time.

 

 

 

that is just brilliant =D>

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  • 1 month later...

i think that the limits are fine the way they are. there are other ways to make money

 

you were talking about the stock markets... they have to monitored constantly to maximise profit, so the g.e should be the same.

 

 

 

i agree with the other idea, that your bid should change as the values of items, as this will change the amount of offers at that price that your originally put(there will be more supply at the highest price, so if you put in the highest price, it should change to 'stay' the highest price.

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I don't get what the point is or how it would help.

 

 

 

Like I guess it might be good for when something is rising a lot and you can't get any at max price, so right after the GE is updated your offer would go in for a better chance of getting the item.

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It would be good to be able to make the price automatically bind to the maximum, minimum or medium price as it changes over time.

 

Why not combine the two ideas? You can put in the most you're willing to pay for the item, but the GE will only count it as at max until the GE price reaches your max bid at which point the GE just goes with what you had put in originally. For example:

 

 

 

Item X is woth 10k mid, but is hard to get even for max, so I put my maximum bid in at 12k; over the next few days the price rises above 12k. During the time it took to rise to 12k, however, I always had the chance of getting item X at max price. Once the max price is above 12k, my offer becomes and stays 12k.

 

 

 

The same could go for selling: if you want to sell something that is crashing, but don't necessarily want to lose too much, you can set a min price (or "original offer"). While the price crashes you will have a sell offer at min until your original offer becomes higher than min at which point the offer recognized by the GE becomes your orignial offer.

 

 

 

Not only would this allow you to have your offers updated after each price updates, but it would also make sure that people had the available funds to complete the offers they put up (as in, they wouldn't be able to put up an offer for something and then spend the rest of their cash before the GE buys the item for more than they offered; something that could have been dealt with in several ways (including having the funds pulled from the person's bank/inventory), but I found this to be the easiest solution) and would guarantee that they don't spend/lose more than they want to.

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Edit: although thinking about it would allow you to trade money accross to accounts by charing silly prices for less desired items like being able to sell a bronze pic for 30m.

 

 

 

 

 

good luck buying enough bronze picks to get the max price to 30m.

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i think that the limits are fine the way they are. there are other ways to make money

 

you were talking about the stock markets... they have to monitored constantly to maximise profit, so the g.e should be the same.

 

 

 

i agree with the other idea, that your bid should change as the values of items, as this will change the amount of offers at that price that your originally put(there will be more supply at the highest price, so if you put in the highest price, it should change to 'stay' the highest price.

 

 

 

What happens when a merch clan targets it, it jumps up to like 20359340695039 times its normal price in one day, and goes down the next, and you lose money.

 

 

 

Look at what most of the corrupt items went like when pvp worlds came out, you wouldn't want a max bid on them.

O.O

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