Emirion has developed a trading system based on an algorithm derived from the analysis of the interbank price delivery algorithm. The purpose of the system is to enable efficient trading in the ever-changing and volatile cryptocurrency market. Central banks dictate the price corridor within which a particular asset will be traded. Emirion's solution aims to determine this corridor and carry out successful trading based on existing patterns and obtained information.
How is this goal achieved?
The trading bot analyzes the current market, relying on previously identified and stored interbank price delivery patterns. By identifying the closest match to one of these patterns, the bot seeks to replicate the recorded price movements during trading.
As part of market research, the bot continuously analyzes the behavior of assets whose prices have sharply risen or fallen due to the influence of major institutional investors or other factors. It monitors open positions, identifies the level of interest in specific trading pairs, and ultimately identifies the most suitable opportunities for intra-day operations. It then works with liquidity using one of the nine trading models developed by Emirion's traders.
The bot engages in smart futures and spot trading of cryptocurrencies. It adheres to the risk management rule of not allocating more than 1% of the deposit to a single trade. It sets stop-loss orders in case the price deviates from the expected direction and partially takes profits when specific targets are reached.
The trading bot is not susceptible to fatigue or the detrimental emotions often detrimental to successful work. During weekends, it analyzes the information gathered throughout the week and formulates or adjusts the trading plan for the upcoming week. Profitable and successful trades are also analyzed, enabling the bot to either initiate similar trades in the future or ignore them.
These are just a few of the capabilities of Emirion's trading bot. Its trading activities are monitored by a team of traders who make prompt adjustments to algorithms and strategies when necessary.
Learn More about Emirion via coinmarketcap here:
https://coinmarketcap.com/community/articles/6463967999b0771f6dd5ca07/
Emirion's website: https://emirion.com
Note: This article is sponsored by third party and for informational purpose only and is not intended as an investment advice. Readers are encourage to carry out their own due diligence.
