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Trading algorithms can be complex and while they dominate 70% of the volume in traditional markets, they’re not as prominent (yet) in the crypto space. The Kryll team have been working to change the trading landscape by making complex bot building as accessible as ever and today they announced the platforms latest enhancements to the Kryll.io platform, designed to cater to all trading algorithm creators
The team at Kryll has strived to exceed the increasing demands of our community, and unveiled two new features today set to revolutionize your trading bot creation process. The debut of custom variables in your trading algorithms and the function to trade a fraction of your starting capital when setting your positions will reinvent your engagement with your trading bots, offering unparalleled customization options for crypto trading algorithms.
Craft and Tweak your Kryll Variables
In the realm of programming, the variable is a pivotal concept. It serves as a storage unit where you can retain information or data and employ it as per your needs. Now, envision the ability to generate and modify your own variables within your trading bots using Kryll’s user-friendly, no-code editor in just a few clicks, and leveraging this data to sharpen your strategies. This is exactly what the ‘Variable Operation’ block is designed to facilitate.
Whether you’re aiming to note down the current price of an asset, monitor the Return on Investment (RoI) of your strategy, or any other data pertinent to your trading strategy, or even compute a break-even stop, the Variable Operation block is at your service. Initialize your variables, archive data, and carry out arithmetic operations between them in mere minutes and develop even more sophisticated and personalized trading strategies leveraging this newfound flexibility.
Utilize your Kryll Variables
The ‘Variable Test’ block enhances this new toolkit by enabling you to test the value of your variables. This way, you can juxtapose your variables with each other or with system variables. With this block, you can assess whether the current price of an asset has risen or fallen compared to the price you logged during your last trade, compare the value of a counter with a certain value to construct a ‘for’ loop, adjust your stop-loss based on the leverage used, or even contrast the number of your successful and unsuccessful trades to tweak your money management strategy.
With this innovative feature, your strategy evolves into a sophisticated mini-computer capable of making more intricate decisions in a more precise way.
Enhance your Positions on Kryll
Our latest update brings forth an exciting new feature to the Buy, Long, and Short blocks. You can now express the size of a position or purchase as a percentage of the starting capital, rather than only as a percentage of the remaining capital.
While it may seem like a minor change, it significantly broadens the possibilities for your trading bots. The significance of this feature lies in its ability to simplify accumulation loops, DCA (Dollar Cost Averaging), martingale strategies, and more. For instance, if you set up an accumulation loop during a bearish period, you can opt to use a fixed percentage of your initial capital for each purchase. This eliminates the need to duplicate your conditions and calculate a new percentage at each step.
To better illustrate the benefits of this feature, consider this specific example: A basic 5-level accumulation strategy previously required a total of 25 blocks to complete.
With this new option, not only does the strategy now require just 12 blocks to implement, but it also becomes far more comprehensible, modular, and easier to manage!
Kryll’s Ace Up Its Sleeve: Its Community
The integration of customizable variables and capital-based trading on the Kryll.io platform constitutes a substantial (r)evolution in customizing your trading strategies. The amalgamation of these features endows you with unparalleled freedom to formulate, validate, and execute specific trading strategies that align with your requirements in a speedy, cost-free, and visually appealing manner! These fresh attributes exemplify the continual dedication of the Kryll community towards the development team, as well as the commitment of the Kryll team in providing its community with increasingly robust and innovative tools.
The introduction of these features streamlines and enhances the trading bot creation process, making the platform even more enticing for traders of all proficiency levels. Whether you’re a novice trader embarking on your journey in the world of algorithmic trading, or an adept algo-trader seeking more effective tools to refine your strategies, the Kryll.io platform now empowers you to accomplish this with greater ease and precision.
Despite these technological leaps, what truly fortifies Kryll.io is its community of fervent traders. No matter what hurdles the sector may encounter, we stay on course and your feedback, expectations, and suggestions continue to drive our enthusiasm to refine the platform and adapt it to your needs.
There’s no question that this update marks a significant advancement. We eagerly anticipate seeing how it will be leveraged to devise more potent trading strategies that the crypto community will be able to utilize.
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