6 Weeks Into Our Open Beta

I would like to start by saying that I’m excited to finally be able to write this article, and share this project with the world. After 2 years of development, we released AESIR in Open Beta for the first time. We named it AESIR because we all appreciate Norse mythology and wanted to incorporate some of it into our application.

How does algo trading work?

Before going into the Open Beta release itself, I want to just quickly explain how algorithmic trading platforms actually work, and what kind of tools AESIR provides. Algo Trading Platforms work by allowing the user 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:

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

The algorithm will then take these parameters and execute trading according to it. This is just a minimal example, you can create strategies that contain complex logic based on Volatility, Technical Indicators and other market tools —

Could also do something like this:

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 really describes the advantage of trading algorithm over manual…