CoinRobot.AI launched an AI based crypto trading robot

CoinRobot is an artificial intelligence research project that aims to develop intelligent trading robots. The project launched its first publicly available robot.

CoinRobot.AI is the first publicly available result of an AI research project aimed to develop intelligent trading robots. The currently launched first publicly available robot specializes in increasing the number of coins. The robot is not allowed to lose coins. This is the only limitation to it. The rest can be decided by the robot.

“Stock trading, especially the crypto market, is difficult to model, although there are many algorithms, none of them are 100% accurate. “ said Dr. Forgacs, the leader of the research and development project. ”Our goal was that users should not suffer losses without human intervention. We gave the AI the instruction to trade in such a way that there is no chance of a loss as a result of the trade. The AI did this in a very simple way: it never sells the crypto, it converts the capital into each other, but only if the increase is guaranteed. After a year of BETA testing, we made sure that this can really be successfully implemented, so we have now made it public – we want to make the Robot even smarter from the usage data.”

There are many different trading robots in the market, so creating another robot by itself would not make sense. However, the goal of most of them is not to increase the number of coins owned, but to increase the value of the portfolio – which, although the concepts are similar, the difference is still significant.

The value of the portfolio is calculated based on the current exchange rate of the owned coins, so if the value of a coin falls, that position is usually closed by a regular trading robot. On the other hand, if the goal is to increase the number of coins, the current value of the coin does not affect the closing of a position. As a result, larger falls may appear temporarily in the total value of the portfolio, but in the medium and long term, if one trusts in the price increase of the coins, this strategy can result in much more certain returns.

The crypto market is very volatile, but an overall rise is expected, so a robot of this type can work most effectively in this market. Many crypto investors only hold crypto coins, hoping for a longer-term rise. CoinRobot further expands this strategy by circulating the capital in coins, increasing their number at the same time.

CoinRobot instances run from the cloud and can be managed through a dedicated website. Trading is done through users Binance SPOT Wallet – API key must be created with trading access. The good news is that the crypto is always owned by the users and can be withdrawn from the robot at any time. If it is returned later, the robot continues from where it left off. Everything is transparent, trades are sent to the user by e-mail, but everything is also available and can be changed on the website.

The robot works 24 hours a day, 7 days a week, and reacts quickly to market changes – which is also necessary for this strategy, because here the changes in the exchange rates of the coins relative to each other are important. It supports TOP coins, currently 75 (e.g. BTC, ETH, ADA, DOT…), from which users can choose which coins to hold and trade. There is no official fee for use, but the trade related resources must be covered with crypto in advance – it is calculated online at the time of registration, depending on the duration and number of coins.

The Robot is not allowed to perform any trade that may result in the loss of the number of coins. It trades only if the coin’s growth is feasible. If the crypto market falls or rises – the dollar value of the portfolio will fall or rise with it, but the number of coins should only rise. The most risky element is the crypto market and the coin itself that the user chooses. As in all cases, it should not be forgotten that crypto is still considered a risky area, everyone uses it at their own risk… CoinRobot is still a software not a financial advisor, and neither is the Team behind it. It is an artificial intelligence-based robot that works on a statistical basis for users and on behalf of users.

“The research and development continues, based on the usage experiences. The basic principles – such as that it cannot make a loss and it must always increase the number of coins – the robot can grasp the market movements better and better, so that the behavior of each coin can be handled separately and the robot can make even smarter decisions. AI is still in its infancy – but we are sure that the future is written by artificial intelligence. And we are part of it.” said Dr. Forgacs

Currently, the network of regional partners is being built, i.e. the establishment of competence centers that, knowing the local regulatory environment and the operational characteristics of the robot, can offer personalized support to all interested parties. CoinRobot gets smarter the more usage data it can build on. That is why the team opened and is building its international presence with the help of Sunshine Future Solutions Ltd., which received all the necessary rights to implement the project.

You can find more information about the project on the CoinRobot.AI website: https://coinrobot.ai or mail to office@coinrobot.ai