I'm more concerned if the bot/robot will be decentralised?
If it's gonna just use API's or own wallets?
The robot uses API to connect to trading accounts in yobit, bitrex, bifinex and binance at the moment. But we are working on adding more exchanges.
The robot buys and sells all you need is to fund your exchange account then activate the robot for your profitable trades
Thank you for this explaining this we all wondered how it works in more detail.
you can also view my trade today here
https://imgur.com/a/KUqI7But do you have more insight into the workings of the bot?
No feedback on this? Anyone?
Or can we get a quick review of the bot and it's functionalities?
Yeah I think we would all like to know how the bot works
here's a video by an xchangerate user
Thank you for this video, I finally managed to see how people use the app but how does it work?
I like that video too but would also like to know more about the inner workings.
INFO ON XRR
I will try to be as concise as possible... And also explain in simple terms
XRR (XhangeRateRobot) is in 2 parts; automated trading by the robot and manual trading via the CMB (Coin Monitoring Board)
The analysis carried out by the xchange rate and the primary difference is that via the manual trading the coin monitoring board you need to place the trades yourself manually on the exchange. The coin monitoring board then gives signal on when to exit the trade but with the involvement of robot, trades are executed automatically without a trader having to be online...
An image of how the CMB looks like is shown here
https://imgur.com/a/FgIZ0The CMB connects you to the activities on the exchange of your choice by aiding your analysis of which COIN you are supposed to trade using certain metrics. These metrics are broken into Frugality Ratio (FR) and Price Relativity Ratio (PRR)
First is the FRUGALITY RATIO (FR) parameter which is further broken down to
1. EXCHANGE TREND
2. MARKETCAP
3. LIQUIDITY
4. 1HR IMPACT
EXCHANGE TREND - Seeks to check the difference btw the last BUY & SELL on the exchange- If it is positive it gives a 25% Score
MARKETCAP - Seeks to capture the INFLOW or OUTFLOW of funds from the last MARKETCAP .If positive gives a 25% score and if negative 0
LIQUIDITY - Which gives you the BTC under BUY & SELL within the Last Trading Hour- If more than 0 give 25% score. It is VERY IMPORTANT to CHECK LIQUIDITY of a COIN to know How soon you can get Value on your COIN because this shows the DEMAND vs SUPPLY element on that exchange.
1hr impact - seeks to measure the BTC addition to this coin between what value it was before the change and now. If it is positive it shows 25% if its negative it shows 0
The Total Score could show 25%, 50%, 75% and 100%
A score of 100% simply says that the coin has full live activity.
The 100% does NOT however mean it is OKAY to buy the COIN. - Your Strategy is your own so you need to have strategy preferences based on your Trade Appetite.
As a Trader- You can choose to Trade often on minimum value or Trade Seldom(Not Too Often) based on high or very High metrics
I have proved over time and time again that the higher the METRICS the better the result is.
The SECOND ELEMENT is the PRICE RELATIVITY RATIO (PRR)
The PRR has so much power because it compares the actual Price and Exchange price relativity
The Total MarketCap is the total value of fiat that has gone into the purchase of that coin from all over the world.
GAP is the Global Accepted Price of a coin
CPP is the Current Perceived Price on exchanges
So we have GAP and CPP.
The GAP and CPP based on PRR are the 2 elements you should look out for when making a
buy or sell decision on a coin.
The CPP always goes towards the GAP. So the higher the PRR the better the profit potential
of your purchase.
By combining all of the above mentioned metrics, you will be amazed how this works...
See here
https://imgur.com/a/VZuaR my trades in the past 12 hours and from two days ago... despite the current trend in the market
As a privileged day trader with access to put the revolutionary CMB to work... the future of trading is limitless
