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RE: Market Making Profit Estimations on bitshares and Steem-Engine Markets - (Staggered Orders)
What about a realist who could say competition or a lack of volume will erode your profits? Simple bots can be exploited it happens every day.
Micro bids are one way to fool bots. A bot needs to see the market depth and react to new bids and asks to work most effectively but that's more hardcore programming.
There are many factors that can erode profits. To cover all aspects it would require a long serious of articles.
When using staggered orders strategy, depending on the parameters set, micro bids will have a difficult time to fool the bot.