OB Trader - Next-gen AI Cryptocurrency Trading Bot

Project description

One Button (OB) Trader is the first publicly available automated trading tool that uses only AI for decision making.

It is a core product of the OB team. One Button Trader aims to simplify user’s experience with trading to a click of a single button.

Context

Why trading bots?

1. Emotionless — one of the features that make bots different from humans is that bots are free from biases and emotions. Bots analyze and understand the data without any bias and emotions.
2. Automated — bots are trained in such a manner that they execute trade automatically. Using various mathematical concepts, probability theory, statistics and predictions, bots tend to apply an effective approach that produces favorable outcomes.
3. Huge processing capabilities — bots have an immense capacity that they are able to process and analyze huge amounts of data in real-time. They are able to keep a watch on different stocks and charts at the same time, that even the experienced traders can’t do. This enables them to make suitable decisions on the basis of stock prices, movements, and other factors.
4. Fast in speed — trading bots can perform transactions at a faster rate than humans. Even the hardest of computation can be performed in lesser times than humans. Also, the instant reactions to price changes by bots can provide huge advantages, as opposed to delays that can turn a profitable trade into a loss.
5. Longevity — as cryptocurrency markets are highly volatile and fluctuate even in seconds, this can easily be handled by bots as they can be up 24/7. Whereas, humans on the other hand, need to sleep, eat, and live.

Results

As of May 2021, OB Trader bots made from +1.00% to +16.08% month-to-month profit on average depending on the AI type.

• 1131 created bots in total on the live version of the platform
• 221 simultaneously active bots (before the price drop), currently with number being at 180 mark
• 40-45 daily active users on the platform
• From all the signed-up users that have an existing exchange account, 29.78% managed to create at least one bot.

About the project group

OB Trading was formed in early 2020 initially as a side project, which later, driven by enthusiasm, turned into a life-changing engagement. We are a group of cryptocurrency early adopters bound by the common vision - developing simple and efficient trading tools that anyone in the world can use.

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