A trading terminal is a software that allows traders to set specific rules for transactions, which will then be executed automatically.
Trading terminals have become popular relatively recently, but it is hard to imagine modern trading without this tool.
Why are trading terminals so popular? As one of the reasons we consider the scheme showing the time delay between the change in the market and the trader's reaction.
- The data on the change of the quotation to the processing center is received in 0.2 seconds.
- It takes 0.3 seconds for these changes to appear on the trader's monitor screen.
- 0.1 seconds is required by the software to process the resulting change.
- The analysis and placement of a transaction spends 0.3 seconds.
- Within 0.2 seconds, the trader contacts the broker and makes an order.
- After 0.3 seconds, the order is placed on the exchange.
The delay is 1.4 seconds, during this time the price has already changed its direction several times, and the order can bring losses.
If trading terminals have become a necessary tool on traditional exchanges, cryptocurrency traders do not yet have such SOFTWARE.
Cryptocurrency trading platform from CryptoRobotics
The CryptoRobotics project creates trading software to work on cryptocurrency exchanges.
The platform is developed as an API and is designed to work in different operating systems - Windows, Mac OS, iOS, Android.
An important advantage of the CryptoRobotics terminal is that it is freely distributed and doesn’t require payment for use.
Project objective
The main objective of the project is to create a tool for algorithmic trading on crypto-exchanges. According to the calculations of the project developers, considerable increase in the number of participants in this market is expected in the coming years. To successfully manage their capital, they will need software capable of:
- show graphs of the asset the trader;
- independently process incoming signals;
- use indicators;
- to analyze the current situation;
- automatically make transactions;
- clearly follow the given algorithm.
All of these functions will help to improve trading efficiency by reducing risks and transaction processing time.
Principle of operation
The terminal connects to the cryptocurrency exchange through the API-interface. This allows to get two types of information: open (charts, quotes, transaction prices) and closed (concerning the user, the history of his transactions and the balance of accounts).
All public data is stored on a remote database and personal data is stored on a local database. The first is placed on the terminal server, and the second - on the trader's computer.
This separation protects confidential information from unauthorized access.
Features of the project
The project team states interesting features as prospects:
- Built-in trading robots that use their own trading strategy and cloud servers to increase performance and speed.
- Designer of trading robots that allow users who do not have programming skills to create and apply their own algorithms.
- Backtesting - the ability to test the created robot on historical data.
- A complete set of information on transactions with all cryptocurrencies on all connected exchanges for the entire period of their work.
- The internal platform where you can buy or sell trading robots.
- PAMM accounts that allow participants connected to them to automatically follow a strategy.
- Rating of experienced traders, PAMM account holders.
- Use of intelligent tools for efficient management of trading operations.
Token economy
Ethereum smart- contracts are used to ensure the reliability of transactions for buying and selling of trading robots and to connect built-in robots.
Recipients of funds are the owners of PAMM accounts and the creators of trading robots. Accordingly, payers are those who connect to the auto-investigation strategy of an experienced trader and buyers of software algorithms.
All these operations are paid with the help of internal ROBO-tokens.
ROBO can be bought during the ICO. It began on may 20 and will end on June 20, 2018.
Conclusion
CryptoRobotics project has a specific purpose-a trading terminal for traders. Its purpose is to increase the efficiency of capital management in exchange transactions.
Taking into account the democratic nature of the entrance to the cryptocurrency exchange, the platform will find many adherents. An additional advantage is the free software.
Since some experts estimate the number of crypto traders to be 200 million people by 2024, this is a very large market. And an early application for participation in it gives a good chance to gain a foothold and become a popular platform.
More details can be found on the links below:
WEBSITE: https://cryptorobotics.io
TELEGRAM: https://t.me/Cryptorobotics
WHITEPAPER: https://cryptorobotics.io/img/WP_ENG.pdf
FACEBOOK: https://www.facebook.com/groups/cryptorobotics/about/
TWITTER: https://twitter.com/cryptorobotics
MY BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=138387
Your photography has been very nice
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