MultiversX Tracker is Live!

Spent a year and and a half building an algorithmic cryptocurrency trading platform, and we're launching this month.

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by COINS NEWS 80 Views

Spent a year and and a half building an algorithmic cryptocurrency trading platform, and we're launching this month.

This is a really big update to give and it's my pleasure to do so especially since this project has its roots in this very sub. 6 developers alongside myself have been working on this for about a year and a half and I'm very happy to finally write this post. We named it AESIR because who doesn't love Norse Mythology.

Before I go any further, I just want to clarify something - algorithmic trading platforms are not some magical money-printing plug-and play systems, and anyone who claims they are / or are advertising it as such are a complete fraud. Algorithmic trading platforms are simply a series of tools that you use as you see fit. If you're a bad trader / lack a trading strategy and have a tendency to yolo your funds without testing, a trading algorithm won't magically make you a good trader.

We are 3 days away from finishing our closed beta and we've been communicating closely with beta testers to create a platform that users actually want to use. We are now looking at an Open Beta release for the 31st of October. To celebrate the fact that r/cc was is what brought the team together, we will be running a giveaway at the end of the month, exclusively on this subreddit.

The two main reasons for using a algorithmic trading are:

  • Automating a good manual strategy
  • Testing and creating strategies that would be impossible to run manually

For instance, one of the strategies that you can build in AESIR allows you to buy any cryptocurrency on your selected exchange that spiked my more than x% in y seconds. You could tell AESIR to scan an exchange and buy any coin that gains more than 3% in the last 5 minutes. This goes well beyond the scope of what manual trading can do, as you would never be able to analyse over 1000 trading pairs every 5 minutes. You’d need a lot of coffee for that. You can also auto buy dips or auto DCA around a Dip

As a a small, self-funded team, we are really happy that we finally have a product ready for launch. It's still a beta release so there's definitely tons of work left to do but going forward we have a pretty good idea of where we stand.

If this sounds like a project that you might want to learn more about, or apply for Open Beta early access (opening in 3 days), you can join our subreddit at: https://www.reddit.com/r/aesirofficial/

Finally, as an obligatory sneak preview, here is the Leaderboard - the social part of the application where you can see the top performing public configurations easily clone them.

https://i.redd.it/46b109danur91.gif

So yeah, that's it really. Just excited as we're moving towards releasing this application. Thanks for reading, I realised it was quite a bit. :)

Edit: Some of you asked for the Open Beta signup link so here it is: https://aesircrypto.com/signup.html

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