Are you a cryptocurrency trader?
Do you want to make your trades more automatic?
Or maybe, you are not sure if your strategy is profitable?
What is the biggest advantage of using programs or bots to automatize your trading? The speed of operation!
If you look into cryptocurrency market, you will see that 20-40% swings in case of few minutes are a usual part of it. Automation era is right around the corner, so a nowadays trader isn't only doing technical analysis of the chart, market sentiment or market trend but... he tries to find the best possible toolkit for trading. Wow, I have got an interesting and important answer for you - there is a project which contains many useful tools for a nowadays trader.
SIGNALS
Marketplace of data science-powered signals for trading cryptocurrencies
SGN Token presale starts on November 22, 2017: >CLICK<
All of you probably are tired right now after checking all fresh ICO projects... That's why in my post I want to present you best things from the Signals Network whitepaper.
First of all, I want to inform you about as simple as a possible way to present technical stuff in the whitepaper. You should really check at least some of this document because the team has done a really good job during "building" the whitepaper.
Market opportunity
If you are an investor, you will probably want to know why Signals could be a potentially good investment. That's why in this chapter you have got all the examples why Signals can find itself inside of cryptocurrency space: Liquidity, ICO "gold rush", Borderlessness (that's why cryptocurrency can be even bigger than right now), Ethereum platform for a project which wants to issue their tokens.
Algorithmic trading
This chapter is a perfect example why "machines" or "robots" are going to make our life at least easier. You have got a car -> you can drive from point A to point B in a case of let's say a few minutes, on legs, it will probably take more times in most cases. So, when you have got a machine that can trade without any emotions and make a position on the cryptocurrency market as fast as possible, you will probably be going to use that machine. That machine doesn't have to go to a bed and still will be more precise than a human being.
Signals Platform
The whole platform contains:
A. Indicators marketplace
Yes, we have got a basic, technical analysis, sentiment indicators. But nowadays it is a standard on platforms like tradingview or private platform from trading services. So, what is important here in a case of Signals Network project? For me custom and blockchain monitoring indicators. First is dedicated to people who have got bigger skills than a normal human and these people are able to create their own indicators. Second is about monitoring "whales" movements. That is probably one of the most important things in trading a lower market cap cryptocurrencies.
B. Signals strategy builder
This is more elaborate than you think... It is not only a possibility to enter the schema of your strategy and check that on the historical data, it is something more than that. Now it is already confirmed that Signals is going to cooperate with iExec so I can confirm that Signals platform is going to use a power of a supercomputer to bigger calculations. Also in that, you have got a flash crash detection system - a helpful tool for the trader whose haven't got nice experience when stop-loss order encounter into the flash crash situation on cryptocurrency market.
C. Strategy marketplace
If you trading more than a normal person, you will probably use tradingview services in copy-trading section. Signals Network has got that option too. You can easily check which strategies are the most profitable ones. Another interesting thing is that you can integrate 3rd party bots with the platform.
D. Data marketplace and Social network features
Do you remember that trading bot which used Donald Trump tweets to make a profitable strategy? Here on data marketplace, you're going to have data crawlers or if you want to do by yourself.. API for 3rd party streams. So by doing this, you can easily build a strategy based on social network data and not only.
To bootstrap the Signals Platform community, 20 % of Signals’ tokens are reserved for
users and early adopters.
The whole bunch of competitions for the community is going to be already at the start of Signals Network platform. Starting from indicators development, ending on the user endorsement competitions.
And in my opinion one of the most important thing from an investment perspective:
SGN is going to be a Deflationary token
After every payment made in the Signals Platform, a small amount of the currency will
be burned, making the Signal Token effectively a deflationary currency.
Link to the official full whitepaper of the Signals Network project: https://cdn.signals.network/docs/Signals-Whitepaper.pdf
SGN Token presale starts on November 22, 2017: >CLICK<
Let the whole service work for you - bet on Signals Network project!
If you have got any sort of question - ask on ANN thread or on telegram channel
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Best regards,
Cryptowiesiek/Wojteks102