Special Buddies, online

We are proud to announce the new Special Buddies tool, available on the Online Control Panel. It works exactly as the one on the "client bot", but it is centralized and it is shared among your bots. The old tool on the client bot will not be supported anymore.

The new Special Buddy tool is not active yet: to ease the transition, it will be activated 3rd December. Before that date you need to migrate your special buddies online.

We hope you will enjoy the new tool. Having it online means that you can easily adjust the prices on your smartphone even when not in front of the pc!

Introducing the Price Consistency Tool

Hello Botters,

today we take the market back and ban speculators and raiders out of our lives forever. We are introducing a new tool, Pricing Consistency.

Take a look at any card on mtggoldfish.com: compared to paper magic (right, blue line), mtgo prices (left, red line) go up and down suddenly in short amounts of time. In the example Ashiok crossed the value of 5.5 tixs 27 times in a month. This happens because the MTGO Market is lively and very efficient. Without any protection, you could easily buy Ashiok at its highest price and sell it at the lowest, all the opposite you want to do. You can price each card manually via PersonalPrices.txt, but this is really time consuming and simply you cannot do for every card.

The goal of the Price Consistency tool is to decrease the amount of sudden spikes of cards and increase the overall stability of the market. As you see in the first graph the red line represents the current market, the blue represents the market of the future. Price Consistency will help increase your overall profit.
So how does it work? There are two sides of the table, the buy price consistency and the sell price consistency.

Sell price consistency:
For each card, your bots will automatically adjust the selling price to minimize your loss for market fluctuations. For example, if you buy a card for 10 tix and the market drops in value so that you are now selling it for 9 tixs, you will lose 1 tix if you do not have selling protection.

The % dropdown menus defines the force of the price adjustments. You can have a time decay so that a card bought long time ago won't affect the selling price too much.
100% means: if necessary, calculate the new price to save you 100% of the loss. Using the example above, this will result in a selling price of 10 tixs.
80% means: if necessary, calculate the new price to save you 80% of the loss. Using the example above, this will result in a selling price of 9.8 tixs.
0% means: no protection, simply use the current selling price. Using the example above, this will result in a selling price of 9 tixs.

You have the option to override Personal prices. Please note that if your protection percentage is set too high for too long you risk not selling the card, and therefore not re-buying it at the market value. This may result in a lower than normal inventory rotation and an overall loss in profits. Remember that some cards fall in price and if you don't keep up with the market you may be holding onto the card for too long.

Buy price consistency: 

For each card, your bots will automatically adjust the buying price to minimize your loss for market fluctuations. For example, if you sell a card for 10 tix and the market rises in value so that you are now buying it for 11 tixs, you will lose 1 tix if you do not have buying protection.

The % dropdown menus defines the force of the price adjustments. You can have a time decay so that a card sold long time ago won't affect the buying price too much.
100% means: if necessary, calculate the new price to save you 100% of the loss. Using the example above, this will result in a buying price of 10 tixs.
80% means: if necessary, calculate the new price to save you 80% of the loss. Using the example above, this will result in a buying price of 10.2 tixs.
0% means:; no protection, simply use the current buying price. Using the example above, this will result in a buying price of 11 tixs.

Happy botting!

Jason - Teamstoge

Trade Duration in Trade Log

Starting right after the downtime, all the ML Bot 6.20 and 6.21 users will be able to view trade duration in the Trade Log.
The feature has been requested for a long time and it's finally there! Now you'll be able to see who keeps your bot always buys :-)
Withdraw are timed as well.

Shady Dealings

In today’s article I’d like to point out a few things you should never do with your online card trading business. It seems to have become common practice these days to use the classified in many shady ways to deceive and cheat potential customers. While it might get you a few extra trades in the short run you will end up alienating the community and gain a reputation as a bad dealer.

The Human Bot

The first and most frequent thing I notice in terms of bot owners abusing the classifieds is setting up a classified message that includes the word “Human” in an attempt to deceive players who prefer to deal with other players.  When building a classified message it’s important to include certain key words that individuals search frequently so that you’ll get noticed, but lying to a potential customer and doing so blatantly is going to do a considerable amount of damage to your reputation as a dealer. Nothing sets me on fire as a buyer quite like searching for a card and seeing a score of bots who even include bot in their username advertising that they are humans buying or selling a card.

Spamming Classifieds

Another popular shady tactic that many people have turned to is polluting search classified search results with dozens of bots all buying chase rares with the same classified message. For example you search for Sphinx’s Revelation and seeing GenericBot1, GenericBot2 all the way up to GenericBot41 all with the same classified message saying they will pay a modest price. 

This clouds searches with dozens of results and make sorting through the classifieds for someone actually selling a card a difficult task to achieve. Being the most obnoxious person in the room isn't the best approach to making a sale.

Deceitful Advertisement

I’ve encountered frequently bots that advertise they are selling a card in a classified ad but do not actually have the card to sell. This can be very frustrating because it wastes their time as well as wastes valuable trade time your bot may have with someone who wants what you have instead of what you claimed to have had. On top of that your reputation can be tarnished as easily as a single bad experience and having a customer open a trade expecting to make a purchase to find out you are out of stock (or were lying entirely) will make a very sour affair.

Likewise, Advertising at a price that you aren’t selling at is a great way to turn people away from your service. On several occasions I have seen a bot advertising a sale price of 1 ticket when in reality the card when selected costs a ticket and change. It may seem like a great idea to get people in the door but $1.00 at the door can incite a lot of confusion and aggression from customers who feel cheated when it suddenly costs $1.99 at the register.

In For The Long Haul

If you are playing the short game you may scrape up a few bucks with dirty tricks and a disregard for your reputation. For those of us in it for the long haul dodgy methods of making sales can ultimately cost you more than they are worth. Weigh your decisions heavily and remember that repeat customers are the heart of your business.

Bot Raiders

It has come to my attention that a few bot owners feel that Wiki prices only attract scammers that buy at your lowest price and sell to you when you are the highest price. This is only partially true, Wiki also does provide a lot of good buyers to your bots as well.

Ways to protect yourself :

1: Keep your prices updated. I suggest at minimum every 24hours, therefor you can keep up with current market trends

2: Use the email feature to your advantage.  Make sure the email that you have registered with Mtgolibrary.com goes to your mobile device. This way you can see and regulate every transaction with your bots.

3. Use the Black list option. Below I will talk about how to identify a bot raider, once you have identified yours, include their name in the blacklist file.


How to identify a "bot raider"

1: If a person buys or sells just 1 card at a time to you multiple times. They do one card at a time because wiki prices is not 100% up to date meaning they don't want to buy a card from one bot at $1.30 and sell it to you at $1.40 if you have already reached your buying max for that specific card.

2: If you notice a person buying always at your lowest prices or selling to you always at your highest prices. Says for instance you noticed Tropo sold you 4 Chromatic lanterns for $.36 do a wiki search on it. If people are selling less than that, then he is a scammer.

I am a botter and personally review every transaction, I have created a nice blacklist to keep bot scammers away from my bots, just PM me to have it, maybe it can help.

Modo handle: Teamstoge