Learning automated cryptocurrency strategy: 4 steps to profit

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·@rusinho027·
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Learning automated cryptocurrency strategy: 4 steps to profit
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In February, Cryptense, a full-stack blockchain company, introduced a new decentralized platform to automatically create and execute cryptocurrency trading strategies: Kryll.io. The company also came up with an explanation about how you can earn a lot with your solution.

Strategy blocks to drag and drop
The first step to gain in line with the Kryll platform is to create a strategy based on your preferred markets, the cryptocurrencies in which you are interested and your level of participation. The strategy can be very simple or extremely advanced; the decision depends on you.

Kryll offers functional blocks that can help you. One of them, Market Trends, provides market information that includes price fluctuations, demand versus supply analysis, market predictions based on machine learning and other options. In your strategy you can also include your preferred commercial actions, such as buying, selling, dividing quantities into subsets and many others.

The most interesting feature of Kryll is Signals, a combination of recent advice from professional traders, Telegram channels or social networks. Notifications by text messages or emails will inform you about the latest developments in the market, for example, if BTC, Ripple, ETH or other currencies are growing and receiving positive comments on Twitter.

Test test for your strategy
How can you test the strategy you have built to see if it is right for you and your purposes? The best way to do it is to test your strategy against the market. Kryll allows you to execute your strategy safely before using it in the real world. By using the test environment on the platform, you can perform tests on the six months of previously recorded data.

Another option is to test the strategy as it was running in the market. This option will show how your creation works in the commercial environment in real time and, at the same time, it will protect you from real world losses in case of errors.

As soon as you have enough confidence with the chosen strategy, you can begin to implement it to build trust. For example, you can buy a new currency at a market price and then optimize it using the tools provided by Kryll.

Operating 24/7, night or day
If your strategy proves to be successful, it is the right time to use the best Krylls feature, which is 24/7 trading. Kryll. It supports exchanges around the world, including Bittrex, Poloniex, Coinbase, Cryptopia, Binance, HitBTC and many others. The company also has several dedicated servers in Europe, Asia and North America.

Cryptocurrencies are bought and sold in many different exchanges and sometimes at different prices. It is possible to benefit from the very small fluctuations between the purchase price quotes. The founders of Kryll promise that their software will allow them to execute commercial strategies in the most efficient way.

There are many risks associated with trading, and you may be concerned about cyber security, especially if you are running your strategy automatically. Fortunately, Kryll servers are under permanent DDOS protection. The founders of the company also plan to have an external security audit every quarter.

Sharing with the community
With Kryll, you can win while sharing your knowledge and ideas with other people on the platform. "We believe that collective intelligence is a great asset that will make us all more successful in the commercial market," the company said in its technical report.

The platform will offer a market section where users can share their strategies for a fee. People with excellent knowledge can help their fellow merchants and generate some profits at the same time.

The market will also feature chats about different strategies, where people can interact, collaborate and give advice to each other. Users will rate the strategies presented in the market according to their efficiency.
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