The Future of Cryptocurrency trading has arrived

Autonio, the “Decentralized artificially intelligent trading system” will release their automated trading platform tomorrow (21st December). Autonio is a hugely exciting platform that allows you to design trading algorithms, which will automatically execute trades on Bitfinex, Kraken, Bittrex and Bitstamp.

For anyone who is looking to profit from the volatility of the cryptocurrency market, without spending all day monitoring trades, Autonio will be completely revolutionary. Not only can you design you own algorithms through the highly intuitive Backtesting and Live Demo modes, but you can also pay to follow the top traders, mean anyone can use Autonio to profit.

I spent last week designing and testing some of my own algorithms and was lucky enough to be given early access to the live trading. Autonio works by executing trades when certain parameters are met and these will be defined by your settings. In order to design a profitable algorithm, it is important to understand the indicators that are available.

The interface

The Backtesting mode is where it all begins, and I will write a separate post shortly, detailing some good strategies to finding your first profitable algorithms. What I will say is that the highly intuitive interface allows you to run large numbers of trails in a relatively short space of time, meaning that even without much trading knowledge, profitable algorithms can be designed through trial and error. With no prior experience designing algorithms, I was able to start producing profitable back-tests within half an hour.

The above backtest is just a quick test I ran to demonstrate, however this made a profit of roughly 5% over a 24 hours period.

Live Demo

Live Demo the allows you to test you algorithms in a live settings without risking any money. From the tests that I have run, this is closely compared to when running actual live trading.

Live Trading

Of course Autonio would be no use if it was unable to make money in the real world. As mentioned, I have no previous experience of designing algorithms, however I have already begun to see some truly exciting results.

Above, Autonio have produced 6% profit within 10 hours, which would total over 5,000% return in a year. I am only just starting to collect some longer term data, but I am excited to see how Autuonio works over a longer timeframe, especially when you consider compounded returns.

Algorithm Marketplace

This is the feature that I am most excited for. Also due for release on the 21st December, this will allow traders to buy and sell algorithms. Not only does this provide real value to the NIO token (link), but will also allow all traders to benefit from the platform. It will be interesting to see what these algorithms are priced at, as these algorithms could prove highly profitable.

Conclusion

While I have spent a few weeks testing Autonio, I still feel as I have barely scratched the surface when it comes to this platform. The best this about this platform is that it is remarkably easy to start seeing a profit from trial and error, and I am even more excited to see what some of the best traders can do through the marketplace. Stay tuned as I will be released more info, once the platform is released tomorrow.