SIGNALS NETWORK: THE PLATFORM THAT OFFERS INTELLIGENT TOOLS FOR THE CRYPTOCURRENCY TRADER
With the advent of new financial technologies such as cryptocurrencies, the way in which users make their investments has changed. Not only is the traditional stock exchange the main focus of interest, but more and more people have become interested in the cryptoactive market for profit, thanks to its high level of volatility.
For these people interested in obtaining profits with the rise and even with the fall of price in the cryptocurrencies, a tool that allows to carry out the analysis of the data related to the fluctuation of the market in an automatic and customizable way is the best ally. For this reason Signals Network was created, a platform that offers its users the creation of programmable trading bots that can be used by users who do not have advanced knowledge in trading or programming.
THE PLATAFORM
Signal Networks bots work thanks to artificial intelligence, providing their customers with algorithms from the data science community. Signals also democratizes the use of this technology, since anyone interested in trading can access the services of its platform, according to the information contained in its home page:
"Our mission is to democratize artificial intelligence in the crypttrading industry. Any crypto-trader armed with computational power and data science can make faster and smarter decisions, maximizing its benefits when it comes to change. That's why the Signals marketplace offers traders an array of algorithms for trading, from traditional technical analysis to the latest artificial intelligence techniques, even for those without programming skills."
Signals Network
In a video posted on the YouTube social network, the Signals Networks team explained how this platform was born at the meeting point between the two most disruptive technologies of our time, such as blockchain and artificial intelligence. Similarly, Pavel Nemec, CEO of Signals, reported on a strategic alliance with the cloud computing platform iexec, which aims to give its users the opportunity to process big data computations in a reasonable time:
According to his White Paper, the pillars of the Signals platform are data, strategies and indicators, with which each user can make the most of the constant fluctuations in the cryptoactive market.
DATA
The data are very important for the realization of any trading strategy, so Signals offers its users the possibility of accessing historical information on market behavior, as well as pages related to cryptocurrencies and social networks such as Facebook and Twitter. This information may also be provided by users, who can monetize the data in the Signals data market.
INDICATORS
For market research there are different types of indicators, with which the Signals platform works in a quantitative and qualitative way. These include the basic freemium indicators used to track the price of a cryptoactive under if-then conditions. Similarly, technical analysis indicators are responsible for finding market patterns and trends based on historical data.
On the other hand, qualitative indicators of sentiment analysis will use news about cryptocurrencies and social networks to monitor media. In the area of artificial intelligence, Signals will make available to users "artificial deep-learning neural networks, which will process time series for data analysis".
Mass wisdom, a knowledge generated through the study of the behavior of a group of individuals, is also a tool used by Signals to generate more competent and predictive indicators:
"The economist Friedrich Hayek in his essay "The use of knowledge in society" stated that an economy is organic, and that predicting it can be determined from the study of the masses. Trading related prediction markets work in a similar way, allowing users to monetize their unique knowledge by buying and selling stocks in the outcome of an event. If they predict the outcome correctly, they make a profit, otherwise they lose their money. The actual price of the event result, based on a probability of 1-100%, encapsulates and quantifies crowd knowledge."
Signals Network
STRATEGIES
Once the user has accessed the data and indicator marketplace, he or she can create his or her strategy on Signals Network. The Signals platform is interactive and easy to use. Each new trader you enter will have a Signals Strategy Creator, where you can select your preferred indicators and combine them with the signals (actions that are born in response to the indicators) of your choice, in a customized strategy.
The training center will then optimize its performance based on historical data. These strategies may be marketed to other users in exchange for SGN Tokens, Signals cryptocurrency. Here is a video that illustrates how the Strategy Creator works:
SIGNALS NETWORK ICO
The Signals Network is also offering an Initial Currency Offer (ICO) for Monday, March 12. The offered tokens (SGN) will be Ethereum's ERC20 type and will serve as currency for the trading services offered by the platform.
According to the published information, the value of the token will be gradually increased in price, since with each transaction a very small part of the currency will be eliminated, in order to convert it into a deflationary currency. The aim is to raise a maximum of $18 million. Once the distribution period is completed, the tokens will be delivered to taxpayers and listed in the main exchange houses.
Signals aims to bring its users a platform that allows anyone interested in trading with cryptocurrencies to do it in a simple way, in real time and with notifications on their mobile devices. In addition, the knowledge acquired by users over time may benefit others, since all the strategies created can be marketed in exchange for SGN. In this sense, a new era of trading could be emerging hand in hand with the creators of Signals Network.
Source: www.criptonoticias.com
