software for crypto trading

Cryptocurrencies are a relatively young and promising market. You can earn a lot if you approach it withmind.

We make software for trading on Bitmex (and then on other exchanges) and would like to ask you, traders, what would be useful for you? We will definitely share the results!

The ideas are as follows:

1. Risk control

Risks are your safety net.This is monitoring your losses in one trade, one day, one month, this is the number of losing trades in a row - do you monitor these indicators? Risk management minimizes losses and creates the basis for systematic profitability.

You set loss limits for youraccounts (several accounts) - for example, maximum drawdown, number of losses in a row, risk per trade, and the application tracks your results and sends you a notification when limits are reached.Profit: automation of loss control = saving time, increasing profits due to effective control.

2. Smart feet

Forgetting to place stops? Don't want to think about them at all?

When setting limits (risk control - described above), you automate the function of stops - in other words, you don’t have to think about them. They are set themselves based on your limits.Profit: you have more time, no Problemswith a forgotten or incorrectly set stop.

3. Statistics collection

Don't keep statistics?Or do you drive it manually, and it takes a long time? Statistics plays the role of an auditor in trading (as in funds, which, by the way, systematically earn money, coincidence?) - it shows the progress of trading, weaknesses and strengths. It is necessary if you want to earn big money.

The application contains detailed statistics of your trading, the data is presented in a convenient form, the information is updated. You can track data from multiple accounts.Profit: automation of statistical reports = convenient trading analysis without collecting statistics “by hand” + you can show beautiful statistics to the fund if you use it in a remote control.

4. Recommendations based on your statistics

Any strategy should be adjusted in a timely manner - because the market is changing.

Based on the collected statistics, you receive recommendations regarding your trading strategy (for example, position size, stop).Profit: effective timely adjustment of strategy = profitability.
 

Write the numbers in the comments! Your options are welcome!