What are the key factors to consider when developing a systematic trading algorithm for cryptocurrencies?
rahul patelFeb 17, 2021 · 5 years ago1 answers
When developing a systematic trading algorithm for cryptocurrencies, what are the important factors that need to be considered? How can these factors impact the success of the algorithm?
1 answers
- MysSkJan 29, 2023 · 3 years agoWhen developing a systematic trading algorithm for cryptocurrencies, it is important to consider the specific requirements and constraints of the exchange platform where the algorithm will be deployed. Different exchanges may have different APIs, trading pairs, and order types. It is important to ensure that the algorithm is compatible with the chosen exchange and can effectively interact with its trading infrastructure. Additionally, it is important to consider the security measures implemented by the exchange to protect against hacking and unauthorized access. By taking these factors into account, developers can ensure that their algorithm is well-suited for the chosen exchange platform.
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