How to use Toridion Quantabotics on Crypto Hopper
This article explains what Toridion Quantabotics is and how it works.
What is Toridion Quantabotics?
Quantabotics’ integration with Cryptohopper provides powerful tools to help build a personalized trading signal service and automated trading robot on Cryptohopper.
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How Toridion Quantabotics works
The Quantabotics connects to the Toridion Finance API key. It pulls in data from existing trading and market trends for several forex and crypto currency pairs. It scans around three years of data to offer historical statistical analysis in a matter of seconds. Using this information, the API generates statistics on past performance and recent volume changes. It offers customizable BTC trend forecasts with user-selected accuracy levels. The Quantabot can also be used to set rules and conditions based on historical statistical accuracy, volatility, and direction of the calculated forecast of the data sources. Using these rules, the Quantabot can execute automated trades.
Quantabotics has two options:
The Switcher
It is an easy way to automatically load different trading templates into your bot when the markets change and you can’t access your computer. For example, you have 3 very different strategies for bullish, neutral and bearish markets. The changes are made manually when the markets change. But what if you can’t access your computer? That’s where the Switcher comes in! With 3 configurable Cryptohopper template options, the Switcher monitors market conditions and automatically loads the template you’ve defined as best suited to that market condition.
Volatility Protect
Developed for traders whose trading is mainly done with BTC as a quote currency. They are interested in BTC accumulation and not specifically in fiat currency. The purpose of this trigger is to protect you from large price fluctuations. It prevents your bot from buying or selling during volatile market conditions where the final price may differ significantly from the requested price. The Volatility Protect trigger calculates the market conditions every hour and considers the statistical forecast “in the next hour”. In simple terms, if BTC/USD is volatile and the forecast for BTC is to go up or down in the next hour, then a pre-selected action should be taken from those available.