XchangeRate: Implementation of Artificial Intelligence into the Cryptocurrency Trading System.
XchangeRate is a data-driven robot that uses APIs and PLUGINS from the most trusted sources including cyptocompare.com, coinmarketcap.com, and all supporting exchanges to make decisions based on the subscriber’s(user) parameters and the buy and sell attitude of the cryptocurrency market. With the utilization of a mechanism known as the Relative Strength Index (RSI), a momentum oscillator that measures the speed and varying change in price which can also be used to catalog general trends. Oscillating between 0–100, the RSI is conventionally considered to be overbought when at a price rate above 70 and oversold when below 30, signal generation is then determined by finding divergence and failure swings. These PLUGINS and APIs feeds data and unique metrics to the robot providing it with a unique analysing power. The platform is designed to be a web application that would be responsive on mobile devices and through API increasing it keeps track of the number of supported exchanges it trades, supports and advertise crowd sale.
The sole aim of the project is to enable data analysis and interpretation of derived metrics easier, linking it in real time into the market so as to increase subscriber profitability through the automated software’s unique trading analytical prowess. Through the application of Artificial Intelligence and in-depth research, the project interprets data-flow of token metric and market instruments to generate value and maximize profit. XchangeRate project is specifically designed for cryptocurrency Traders. Traders who wish to subscribe to the services of the robot would require XRR tokens to subscribe to the regular use of the robot. These XRR tokens can be acquired from XRR token holders through centralized and decentralized exchanges by prospective subscribers to the platform.
The XchangeRate robot amasses data from multiple exchange platforms giving it the efficacy to proffer intelligent filters using metrics. These data possesses structures that empowers them with a tremendous historical value which can be used for trends and trade forecasting through the utilization of Relative Strength Index (RSI). The platform also incorporates a Moving Average Convergence Divergence (MACD), which is a trend-following momentum indicator that shows the relationship between two moving averages of price. MACD can be calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA, after which a 9-day EMA of the MACD known as the signal lines is then plotted on the top of the MACD, functioning as a trigger for buy and signals.
The implementation of these structures permits for the archiving of these data assets in patterns that factors out specific user information to store data, it’s sources, strategy, time and other meta-data in a way that can be further used for reasonable trading analysis. The XchangeRate team of professionals and experts in the field of cryptocurrency takes it as an overlong commitment to leave these data which is a valuable tool for research as a contribution to market analysis.
Some useful terminologies in the XchangeRate project.
XchangeRate robot (XRR)
This is an algorithm that aids investors navigate through the complex cryptocurrency market and make expert decisions based on the subscriber’s parameters.
XchangeRate (XRR) token/coin
A utility token that can be used to transact on thexchangerate.io. This is the only token that can be used to employ the services of the robot.
XchangeRate platform
This is the web based cryptocurrency trading application embedded with an intelligent algorithm XchangeRate robot (XRR) for the ease of trade.
KYC (Know Your Client)
This is the standard form requested of the cryptocurrency investors by investment advisors and management to fill so as to be learned on the details of every investor in the cryptocurrency sphere.
AML (Anti-Money Laundering)
This is the set of procedures, laws and regulations set in place to curtail the possibility of generating income through illegal actions .
RSI (Relative Strength Index)
A momentum indicator, that compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security .
MACD (Moving Average Convergence Divergence)
is a trend-following momentum indicator that shows the relationship between two moving averages of prices.
EMA (Exponential Moving Average)
is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data .
PRR (Price Relativity Ratio)
is a ratio that compares the global price of a coin and the Ask/Bid on the exchange.
Suitability Index (SI)
is the index that measures the average rate of coin traffic or demand on a coin on an exchange.
Coin Monitoring Board (CMB)
is a console the XchangeRate robot has where the data read from over all the platforms is presented to the trader to help ease the decision making process.
FR (Frugality Ratio)
is the ratio of the total payment of a mechanism to a desired payment bound.
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