A tool that will change the approach to trading

Veles
2 min readMay 6, 2024

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Veles team has developed a new product that will be indispensable for every trader. Backtesting is used to develop and test your own trading strategies. Users can thoroughly analyze trading scenarios based on historical data.

Now it has become even easier and safer to use bots for cryptocurrency trading. Past data expands the analysis horizon to make adjustments to the algorithm settings and trading strategy. Backtests will be the main basis for trade selection and finding grounds, without which trading will no longer be the same.

Veles users can manage orders, open positions either with the full deposit or in installments, apply the necessary ways to exit a position and minimize losses. The choice of the moment to enter the market can be realized with the help of combinations of trading indicators. It is now possible to study the chart history and understand how the selected combination of indicators works in a couple of clicks.

At the disposal of users now trading history, which contains information on two thousand trading pairs and billions of candlesticks stored in the database Veles.

Veles users can analyze the profits and potential losses of selected strategies without the need to make deals and risk their deposit.

Backtests are an alternative to a demo account, with their help there is no need to risk real funds building your trading strategy.

Detailed instructions on how to use backtests in our Wiki

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Veles

Veles is a cloud service that allows an inexperienced user to automate the process of trading on the crypto market