CryptoML
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Introduction
Cryptocurrency trading bots have become popular in the trading market for two main reasons: they fit the market condition and they can do what no human trader can do. The market is highly volatile and this is a challenge because it requires high speed in data analysis and decision-making. Volume trading is another good idea in the cryptocurrency market but this too brings with it a challenge, it is laborious. Emotionally influenced trades are also undesirable in this market since they usually lead to high losses. All these challenges meet their solutions in a single technology – crypto auto-trading bots. These bots are capable of working 24/7 accurately placing the trades according to the trader's defined strategies. These bots are also fast at reading market trends and making trade orders.
Due to the critical role they play in complementing human trader, many companies have ventured in providing bot services, thus many bots are available in the market today. Bot developers have tried to incorporate different technologies into the bot system to produce highly productive trading software. Few, however, have successfully incorporated machine learning (ML) into the trading bots. One of those few bots is Crypto-ML.
About
Crypto-ML is a machine learning-powered cryptocurrency auto-trading bot and price prediction service for cryptocurrency traders and investors. Crypto-ML uses cast data sets to generate models for predicting future price movement. This software uses machine learning to generate triggers and signals. The signals belong to three categories – buy, sell, or hold. Crypto-ML uses end-to-end systematic machine learning to generate the signals. Crypto-ML models are trained and evaluated every day to keep them up to date with the constantly changing market conditions. The following are the exclusive features of Crypto-ML.
AI-Generated Signals
Most trading bots use traditional technical indicators that are often generic and not tuned to a particular situation. Crypto-ML, on the other hand, takes input from multiple technical indicators, while also tuning their parameters by trailing countless permutations. Consequently, it provides a multiple exceptionally high level of sophistication and tuning that is not easy for a non-machine learning platform to achieve.
Intelligent Stop Loss Mechanism
Stop-loss is a trigger that activates a market order when a certain price hits. This means your order will not be filled exactly at your given stop-loss price. Crypto markets experience extremely fast moves, therefore the price may blow your 2% stop loss (trigger) but execute your position at a 10% loss. Stop orders may exist but it may not solve this problem. Another challenge with stop losses is that there is no clear set point. Crypto-ML has an independent, dynamic stop-loss mechanism to exit positions before they move too far against the traders. It has an adaptive stop-loss model that will close positions based on a programmatic mechanism designed to seek optimal stop-loss levels. Crypto-ML also provides stop-loss guidance on how to set your stop losses in case you manually open and close your positions.
Machine Learning Powered Algorithmic trading system
Algorithmic trading refers to a systematic way of generating trade signals. Most trading platforms offer static algorithms for trade. As a trader using algorithmic trading, you need to ask yourself the following questions: What technical indicators do I use? What values do I set for indicators? What are the relevant historical data and time frames? The answers to each of these questions may change over time due to the changing market environment. Therefore, using static algorithms might not be very effective. Crypto-ML (though systematic) differs from most algorithmic trading platforms in that it continues to learn, evolve, and adapt. Therefore it solves the problem of evolving markets. As new market patterns emerge, these machine learning becomes smarter and more robust.
Long and Short Trade
The Crypto-ML system is optimized for both bull and bear market conditions. It provides long and short trade signals. You can initiate a long trade by purchasing with the expectation to sell at a higher price in the future thus realizing a profit. On the other hand, if you suspect that the market is adopting a bearish trend, you can activate a short trade by selling and later buying at a lower price and realize a profit.
Ease of use
The slogan of Crypto-ML is to level the playing ground for all traders – experienced and inexperienced. The aspect of using incorporating machine learning in this trading bot has greatly boosted its ease of use. As a trader, you do not need to worry about which signals to use. The intelligent software will continuously monitor the market for you and suggest you the best signals. The User interface is also intuitive hence even a new user can easily understand it. The company also provides many guides through blogs and FAQs that can help you familiarize yourself with the features of this platform.
Safety
Developers of Crypto-ML created the software with the security of the users' data and the safety of their funds in mind. This program has restricted access to your exchange account through API keys. It can only perform the trade in your account. It has no authority to withdraw your funds thus the funds remain safe with your exchange account. The platform also provides two-factor authentication (2FA) that you can activate to protect your personal data. Once enabled, the Crypto-ML login screen will ask for your username and password, and then it will ask for a one-time password from your phone’s 2FA app.
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