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Trading bots are the tools needed to solve the challenges of manual crypto trading. Bots in the crypto market are those automated programs used to trade cryptos on behalf of traders and investors.
Despite primarily having a similar goal, these bots have different features that lead to the differences in performances. One of the key bot features that attract the users in this industry is simplicity that is the ease of use. Traders should be able to customize their bots with little difficulties.
Bots like Kryll are operated round the clock, hence they can respond in real-time to the price changes in the crypto market. This makes them ideal for executing the planned transaction with ease. With its drag and drop editor feature, Krill has managed to meet the primary need of the traders in the crypto market in this aspect.
An intuitive platform that defines powerful crypto trading strategies through a simple 'Drag’n Drop flowchart strategy designer. As a trading bot, Kryll has garnered a reputation from the initial days of its inception. Kryll allows users to design and create their own basic or advanced automated cryptocurrency trading strategies in a simple way.
Users can create automated winning strategies, benchmark them through real-time sandboxes and backtest, share them with the community, and enjoy user-generated content. Kryll integrates the major exchanges, which will allow traders to centralize their portfolios and trade most easily. Below are some of the major features of Kryll.
Drag'n Drop flowchart strategy designer.
Drag'n Drop Editor allows the users to create an infinite number of strategies and test them. This feature enables users to create strategies with no coding skills.
The strategy builder is designed around WYSIWYT (What-You-See-Is-What-You-Trade) using a flow-based technology, Using connected blocks to identify strategy elements like Price triggers, Candlestick colors and patterns, and Technical indicators.
Kryll offers logical operators, market indicators, value triggers, technical analysis, media opinion mining and deep learning predictions to aid in designing effective strategies.
This algorithm offers a Stop-loss take-profit strategy that helps the users to limit the traders’ loss on a given coin. Stop-loss order is an order placed to buy or sell once the stock reaches a certain price. As a result, the trader has control of the limits of profit and losses they can have.
Kryll allows users to test their strategies virtually several times before sending them live. This is a great tool, especially to the beginners, since it will show whether the strategy is good enough for actual trade or it will lead to losses. The users can understand the efficiency of their strategies without incurring losses.
Traders can join the Kryll market and leverage the power of an experienced community of traders. They can compare the strategies and choose the perfect one.
Kryll screens the strategy publishers to ensure that they know what they are doing. To be a publisher, you must first apply and your experience vetted through your previous strategies. This process aims at limiting the number of poor strategies that might mislead the users.
Earn through Kryll tokens (KRL)
Users of Kryll can earn an income in the form of KRL. It works in such a way that a trader can share their strategy with other community members, and in turn get paid in KRL if people use the strategy.
Kryll’s design is based on the concept of ‘What-You-See-Is-What-You-Trade.’ This approach makes it one of the easiest platforms to use.
It makes the strategies simpler, thus maximizing gains. Kryll is both web-and mobile-based, hence traders can even trade when on the move via their mobile phones and tablets.
To get started, one only needs an email address, username, and password. Kryll is simple and easy-to-use, hence it’s a great tool for beginners and professionals looking to foray into the world of automated trading.
Kryll connects directly to the user's exchange account using API. The platform does not require API withdrawal rights hence ensuring that the trader's money is safe in their exchanges.
Kryll also advises the users to activate two-factor authentication (2FA) to secure their accounts. The company also advises the users to make sure that their ETH address provided on their account is a legit one to avoid fraudulent activities.
Kryll is free to create a strategy and test it. But once a trader is done testing, they are expected to use the strategies that they create and pay a specific fee to proceed. Using other community members’ strategies also attract specific fees.
Kryll platform has a live chat through which the user can communicate with the support. The platform also has a frequency asked question section that answers most of the common questions that the users ask.
The blog section on the platform is also resourceful and aimed at informing. The team behind the project are also listed on the platform with their LinkedIn address through which the users can reach them and engage them.
The company also has community and social media accounts through which the community engages. The communities include Kryll Community, GitHub, and Bitcoin Forum, and Telegram. Social media accounts include Facebook, Twitter, YouTube, and LinkedIn.