Open Beta Algorithmic Crypto Trading app Æsir is here!

Sun Oct 30 2022

We’ve been in open beta for 2 weeks now and it’s amazing to finally be able to say it. We started working on Æsir in March 2021 and we wanted to build a tool that’s easy to user and to understand, but that also allows users to create complex trading strategies.

How do Algorithmic Cryptocurrency Trading Platforms Work?

In order to understand why a tool like Æsir is able to help day traders and long term investors alike in finding and executing better strategies, it’s useful to provide a top level understanding on how Æsir, as well as many other algorithmic cryptocurrency trading platforms work. At their core, they allow users to create a series of rules, that the platform is going to evaluate and execute. For instance, these rules can be as simple as a weekly DCA on a number of assets:

Buy BTC, ETH, DOT and SOL EVERY 1 Week, With an Order Amount of 100 USDT.

The algorithms on the platform will then take this user input and start evaluating these variables and once a signal satisfies these conditions, it will place a buy market order. This is just a minimal example of a trading algorithm that you can build using Æsir.

A more complex example of a trading Algorithms would be:

Buy ANY COIN on THIS EXCHANGE that GAINED more than 3% in the 2 MINUTES and the RSI is under 70.

It’s this example that truly describes the advantage of trading algorithm over manual trading. A daytrader would simply not be able to analyse over 1000 assets in under a second and make a decision based on this analysis. But here you would be able to catch a coin that’s just about to spike up in price, because you’re constantly evaluating the price of all coins on the exchange.

In a nutshell, a trading algorithm acts as an extension of your trading abilities by adding new and powerful tools in your arsenal. The way you use these tools makes a big difference and there is never a guarantee.

The Building Approach

We started by collecting information on the current players in the algo trading world, and investigated how they work. We then combined this research with the numerous reddit conversations around the kind of features that people expect from a algorithmic trading app, and apart from the usual “I want it to make me profit” we found out that many people tend to value guidance, learning and the ability to grow along with something.

Many algorithmic trading platforms out there require the user to already possess specialised knowledge before they can use the application. You can’t really completely remove complexity, since specialised knowledge is needed, but you can make it so people learn from one another, and share the knowledge collectively.

Main Æsir Features

That’s why we decided to build social mechanics into Æsir. Here is a quick preview of the Leaderboard and Copy Trading —

Leaderboard & Copy Trading

The Leaderboard displays the most profitable configurations on our entire platforms. A “Public” configuration can be cloned by anyone and the #1 configuration each month will receive a special prize. Cloning a configuration creates a copy of that algorithmic strategy on your account, and allows you to instantly use it for yourself. The Leaderboard also features gamification mechanics, while encouraging responsible trading.

Going back to the example on how algorithmic trading apps work:

Buy ANY COIN on THIS EXCHANGE that GAINED more than 3% in the 2 MINUTES and the RSI is under 70.

Æsir uses “logic layers” which are a series of user defined rules that can be layered on top of one another. For instance, Once some base options are selected, you can add logic layers to add more complex buy signals to your strategy.

Once you’ve selected a base and logic layers, Æsir will tell you exactly what the strategy that you created will do:

Test Strategy will trade USDT pairs with an order size of 10 USDT and a maximum of 3 Open Orders at a time. Assets will not be re-bought for 10 seconds. Buy and Sell signals for BTC, ETH, TRIBE, BIFI are checked every 30 seconds and an order will close when Take Profit reaches +2% or Stop Loss reaches -6%

  1. When a coin pair receives Buy Signals for 2 Moving Average(s) out of EMA10, EMA20, SMA20, and 1 Oscillator(s) out of CCI20, AO AND once any of BTC, ETH, TRIBE, BIFI have gained at least 2% in the last 10 minutes an order will be triggered.

In order for a buy order to be placed, both conditions above need agree on a buy signal. In other words, the relationship between each layer is AND not OR.

Other Features:

Thank you for reading, and I hope that you found it interesting. Æsir is live in Open Beta more and as we officially opened the gates for everyone to join — simply create an account here. As part of our Open Beta Launch, we’re also giving away free Norse Inspired NFTs here.


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