bitcoin. StockSharp

Principles for trading cryptocurrencies part 3

2020-09-15T12:49:16Z

Today we’re going to talk about one of the most important financial instruments is an order book. It is formed by all sell and buy orders on crypto exchange. An order book is the list of orders which uses to record the interest of buyers and sellers of chosen cryptocurrency for fiat money or any other cryptocurrency and taking in consideration the closest price of trading pair.[laugh]

Sometimes it's crucial [ninja], especially in arbitrage, to have an opportunity to trade with several order books at the same time. This option is fully implemented in S# programs. For instance, the working area of free trading terminal S#, Terminal allows the trader to configure it so that it would has the very informative picture of the whole trading process. [nerd]

Every order book gives the full information about the volume offer and its price. The number of offers is the order book depth. The ability to customize the book order depth also is important part of trade, as it gives you the ability to see the whole list of offers. It's often that in the upper part of order book are placed bid offers and in the down part is ask offers of selected security.[happy][love]

By fact, the order book shows the desire of trading of cryptocurrency at a favorable rate of a trade for a trader. When an opposite trade is appeared, trade is executed, and the pair price is changing in the direction of the executed trade. If the order doesn't have any counter offers, then it remains without any changes until the counteroffer moment or the cancel it by trader.

What we see on the picture that based on data of the order book, a trader can perform the analysis or make decision about trade move on. So for example, a trader can determine the spread of a traded pair (the difference between the first values of the bid and ask prices), as well as predict the behaviour of graph chart (if there is large buy orders, then rapid growth is highly likely, and vice versa). Therefore, having the option to customize the book order, the trader get a great flexibility in a trade that will bring a big profit and/or lesser risks.

Cryptocurrency trading strategies

2020-08-18T13:46:33Z

We’ve discussed about crypto-trading previously and today we continue our talk![happy]
Let’s take a look at one of the methods given by trader Hacker Moon and explain everything in details.
What is this method about and how to implement it? The base of this trading method is lied in a very simple action - to store your coins. The trader considers storing the several types of coins for a long-term period while monitoring the market and selling other tokens the price of within a day started to increase and vice versa.[wink]

The perform this type of trading is quite logical, right? However, you should understand and take into account that different exchanges trade different coins. And trade with various different crypto-exchanges, not just exchanges is pretty complex process and you have to be extra careful.
Most of crypto-exchanges such as Bitfinex, Binance, BitMEX and others, should be connected through connectors.

The StockSharp company developed a truly unique solution for traders, where each and single one can simply buy all required connectors in combination with our free trading platforms such as S#.Shell и S#.Designer give you a great opportunity simultaneously work with several crypto-exchanges! The use of this connection allows you to get all helpful tools and earn profit from growth of token market capitalization while the trading strategy itself don't take much of your time.[wink]

This trading technique is very simple; besides, it will decrease your risks since you handle with changing assets during the day, sell higher and buy lower. In fact, a trader does a diversification of assets by savings redistribution.[ninja]

Read more about our software programs to know and apply all possibilities and be able to fully manage your strategy by reducing risks and increasing profits.[love]

Crucial solutions in creating trading robots

2020-08-11T13:48:03Z

Traders may face a problem if they want to create trading robots and one of the issues is the lack of programming knowledge. Not every trader can be a programmer. A trader may simulate a good trading system but have zero coding knowledge. Even if you know of the programming languages very well, you might need to learn another one but if you have 0 knowledge of programming then it can be very challenging. Of course, you can buy trading robot but always keep in mind that it’s not perfect and may have some bugs or problems which lead to difficulties in modifying trading robot. [nerd]

No worries here, there’s a solution. For example, our trading software - S#.Designer. It has the functions to create trading robots even with 0 knowledge of programming with help of cubic system which represent an individual elements of trading strategies. And at the same time such strategy won't be having less functionality or reliability. S#.Designer can combine and use the blocks (cubic) of code making strategies more flexible by your wish.[happy]

Another disadvantage of trading robot is considered the lack of analyzing the current market conditions and trends. For sure, a trading robot is not an artificial intelligence and mostly depends human knowledge, however the knowledge of market with its technical analyse may minimize the problem. Using market data or other trading tools such as indicators or indexes which consist in S#.Designer in a large amount, you will be able to create a robot more loyal to the market, expand the conditions, functionality and possibilities to react to a particular trading situation. [wink]

Automated trading systems can participants of the exchange market huge opportunities for a trade, provide some benefits over those manual traders. In any market, a trading robot always perform its embedded algorithm. However, you must know, that a trading robot
only a tool and you have to know monitor its work in order to correct some problems showed up. A trader should understand that S#.Designer is not just create a robot, but also fill it with intelligence and logic, adding additional features and conditions. It also takes a step forward in creating more interactive and complex logic trading strategy that makes decision based on inputs which increases its profitability. [love]

The benefits of using a trading robot

2020-08-04T13:16:01Z

The use of trading robots nowadays is essential part of trading and its process. In today’s article we will explain all advantages and benefits along with successful approaches of using trading robots.

1) The trading robot itself can’t make a mistake but only if a trader made this mistake by creating this robot. For example by creating a trading robot with S#.API program, the user using tested and debugged libraries what makes the whole process of developing a trading robot way easier and the strategy itself is more stable. By placing an order, a correctly built a trading robot doesn't make any technical or syntactic errors, thus we don't face any failures and losses, as for example if the order has been placed manually.

2) A trading robot has a technical ability to track hundreds of quotes at once instantly react at market changes, make necessary calculations by operating with a large number of conditions and a big amount of information making the right decision correlating to the base algorithm. The API library allows you to create a robot whose speed of data processing makes it possible immediately take into account the trends and conditions of the market. Traders which don't use trading robots are forced to reduce the amount of trading tools, increase the use of time intervals (timeframes) and leave the idea of perspective but complex trading systems.

3) A trading robot doesn't have any psychological effect or influence, it works based on algorithm written in the code what makes it reliable and stable tool for placing orders and the whole trading process.

4) Once you developed a trading robot then you don't have to spend days around the monitor rather let your advisor to handle all the work and monitor 24/7 the whole trading process and put orders. Only what you need to do is manage conditions and strategy behavior by using a library.

5) Ease and simplicity of a program for creating robots - S#.Shell and stable libraries S#.API allows you to fill your trading strategy with additional features setting and installing new tools such as SMS notifications and remote control of trading systems.

We's explained some positive aspects of trading robots and in a next article we will analyse some disadvantages and try to reduce its impact on your trading strategy.