Dubai based Kingdom Mining has announced an autonomous cryptocurrency trading platform powered by machine learning and artificial intelligence, AI Trader. The 7 MW mining facility has developed an AI ecosystem that was able to mitigate its mining income shortfalls when prices fell in February and March. The team has since improved its systems and its user interface to provide the most advanced trading system to the cryptocurrency community.
What Is AI Trader?
AI Trader uses Artificial Intelligence to identify patterns from big data processed by the program to recognize trends and autonomously process buy, hold and sell orders based on current market events.
Once a strategy is chosen AI Trader begins trading on your behalf. It processes voluminous amounts of information and countless market indicators in real time to decide whether to buy, hold or sell at any given point in time and further checks numerous qualifiers prior to executing any trade.
AI Trader executes trades without emotion, without prejudice, without fatigue and can trade relentlessly for days and months. It’s lightning quick responses to changing market conditions cannot be replicated by human traders. Notwithstanding the significant risks of trading in a highly volatile market, AI Trader was developed to enhance your profit potential.
How AI Trader Deep Learning Artificial Intelligence Crypto Trading Works
The AI Trader is the next generation artificial intelligence trading ecosystem which is backed by machine learning. The platform eliminated the complexity of having to set up complex systems all by yourself. All that’s needed with the AI Trading bot is to choose a pair of choice to trade and click on the play button. The platform is already available for use with Binance and Bitmex cryptocurrency exchanges at the moment.
AI Trader Features
The platform was built with two principles in mind; for it to be simple enough for anyone, and transparency in trades placed and the reason behind it. Some of the key features of AI Trader are:
Dynamic Equity Management System:
The AI algorithm recovers losses it might have incurred during trading, getting back into the market with a higher amount in a bid to recover the loss just like humans would.
View Trading Result:
The system doesn’t leave you in the dark. A concise trading overview is accessible to show the AI’s performance over the last 30 days. It also gives users a snapshot comparison of how the AI performed in the last 30 days versus holding on to a currency.
Multiple Exchange Support:
The AI Trader is currently available to Binance, and Bitmex registered account holders. Shortly, the platform will integrate Bittrex, allowing traders on that platform also to make use of the AI at no additional cost. There’ll also be more exchanges supported in future and this will be provided at no additional cost to the existing users. Users can be at rest as AI Trader has no access to any user’s funds at any given point in time.
AI Trader Conclusion
AI TRADER currently supports the world largest Exchange, Binance for cryptocurrency trading. They also offer Leverage Trading backed by the Bitmex platform. Their team is working to integrate more exchanges on to the platform and will soon be adding Kraken, Bitrex, and Cobinhood on to their systems.
To know more about the platform you can visit their website on aitrader.ai/