Alchemist Trade
A technical analysis platform allows everyone to create customized trading algorithms that automatically scan and detect price movement.
What is Alchemist Trade?
Cryptos displayed on Al-Trade are detected based on customizable algorithms, which are built using trading formulae.
A trading formula is a set of mathematical instructions that define a trader's trading strategy. These settings include Indicator Combination, Timeframe, Entry Point, Target Point, Dollar-Cost Averaging Point 1, Dollar-Cost Averaging Point 2, Stop-loss Point, Risk, Reward, and Candlestick-pattern Formula.
Using the combination of technical indicators, the Al-Trade displays suitable trading pairs and notifies users when a trading pair meets specific trading strategy requirements.
Trading pairs displayed on Al-Trade are detected based on our price movement detection algorithm.
Our data are imported from Binance, and we aim to expand our sources to include Coinbase, MEXC, Huobi, etc.
Users can either follow the recommendations from Al-Trade or modify/create their own trading formulas.
Users can select trading pairs from the 3 following lists:
Standard List: Users can follow the trading recommendations that Al-Trade suggests. The formulas’ accuracy is tested and proven by THE ALCHEMIST’s trading experts.
My List: Users can modify the provided formulas or create their own formulas
Professional List: Users can create a formula to track a specific cryptocurrency.
Why the market needs a product like Al Trade?
Up to present, there are three major types of tools that assist traders with their trades, including (1) Technical Analysis Platforms, (2) Social Trading/ Mirror Trading/ Copy Trading Platforms, and (3) Trading Bots Platforms. As seen in the table below, each tool has its own set of advantages and disadvantages for users.
By incorporating all of the advantages of tools and addressing their shortcomings, Al Trade aims to automate all the grunt work of technical analysis, and eventually, revolutionize people’s way of investing as well as advance traders' financial education.
Al Trade has several features to facilitate users’ trades and tackle the limitations of the available solutions on the market.
Innovative, customizable technical analysis search engine: Generate watchlists automatically by searching the entire market for charts that match the user's specific technical conditions.
Market-moving charts: Real-time market data with hundreds of indicators and fully-automated tools to support effective and profitable trades as well as remove human errors and biases.
Game-changing alerts: Improve users' trade timing by automatically monitoring charts and sending real-time alerts.
Intuitive dashboard: Insightful and visually appealing reports on users’ portfolios to keep track of their trades and refine their long-short strategies.
Resourceful and practical crypto library: No-nonsense, only informative articles that assist users in quickly grasping each indicator as well as using Al Trade.
Vibrant Social Trading Features: Built-in Social, Real-time Chat, Livestreaming, and more features are available to support an engaging community. Users can also lease Trading Formulae from proven top-performing traders with our Marketplace.
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