What expertise did we use to create our AI-driven Crypto Trading Bot?
We at b-cube.ai, have developed trading strategies for cryptocurrencies, based on Quantitative Finance using Machine Learning and other mathematical models. Making use of the latest advances in scientific research and in constant partnership with academic research, particularly with Université Paris-Saclay recently ranked number one in mathematics (Shanghai ranking 2020).
Our engine keeps generating strategies, through our in-house strategy factory and is using a meta-strategy which selects at any point of time the best performing ones, in a dynamic way to adapt to the market conditions. Based on these strategies, our bots execute the trades directly in the client’s own account via API (for CEX), or via our newly developed Smart Contract (for DEX) which means that we do not hold custody of our client’s funds.
What are the results of the Bulls & Bears AI Bot?
The testing period started during the first wave of the coronavirus pandemic. That’s when the first lockdowns happened. Both the stock market and Bitcoin traders could nail the bull’s horn and put on the bear fur. This means we have also seen 20–30% falls. The price of Bitcoin was still around 8,000 one day and then fell below 5,000 the next. The situation was not too rosy.
The university provided us with its lab. We were mentored by its professors. We also got manpower in the person of Ph.D. students.
Between March and October 2020, the bot reached a 65% profit. And a major drawdown occurred in only one case. At that time, the profit already generated fell from 46% to 31%. It took 3 weeks for the drawdown to pass. After this, it did not even stop until 65%.
What expertise did we need and who were the experts behind the Bot?
1. Investment analysis
The company’s CEO, Guruprasad Venkatesha, previously worked as an investment analyst for Morgan Stanley. He founded his own portfolio management firm at the age of 16. In creating the b-cube’s bots, he performed more managerial tasks and directed the work. However, he could not have done this without his investor background.
2. Big Data architecture
There is no artificial intelligence without large data sets. The data must also be cleaned up to be usable. Who led this process was the company’s CTO, Erwan Rouzel. Erwan previously worked as a Big Data Architect for Credit Agricole. This is a banking network. And the largest cooperative financial institution in the world.
3. Quantitative Finance
When we think of this man’s name, one word can describe the feeling we feel: gratitude. Dr. Damien Challet, Professor at the French University Centrale Supélec. More than a consultant. Mentor, teacher, friend. Without his guidance, we would not have been able to create our algorithms.
The professor’s guidance was extremely useful for our own Quantitative Analyst, Nadhem.
4. AI Engineering
The story of Francois Lamothe is outstanding. An officer in the French army only worked for us while the algorithms were being developed. Francois’s work ethic is worthy of a soldier. 16 hours of intense, focused, willful work on a sunny Parisian Sunday afternoon. These days were essential for our success.
Our algorithms examine several terabytes of data per day. Crypto markets are 100% digital in nature, having huge quantities of data available publicly on the blockchain, and being highly driven by sentiments of the market. Moreover, there are huge quantities of data available publicly on the blockchain.
Even the social media feed and the news matter. We absorb these data, store, filter and process them with NLP (Natural Language Processing). Of course, this data is often too noisy. This data must be cleaned up for usage.
The bots of b-cube.ai are the result of intensive research and development. The results are not accidental, but the fruits of hard work.
But we have good news for you!
You can use it and let it trade for you. From November 2020, the Bulls & Bears AI Bot is available.
What do you need to have?
On the one hand, you need to have an account with the Binance Crypto Exchange. This is your account and the bot trades on it. So, there is no need to transfer your capital to b-cube.ai. If you don’t have an account, open it today!
On the other hand, you will need a B-cube subscription. This means you have to pay €59 a month to rent the bot. You can subscribe to this link in up to 5 minutes.
Once you have that, the bot will be integrated into your Binance account. It will trade on the account. It only gets permission to buy or sell. It can never transfer from your account. The security of your money is taken care of by Binance, which is the largest and most trusted crypto exchange in the world.
DISCLAIMER
Trading cryptocurrencies involves risk. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. Author, website or the company associated with them does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Lastly, this article is not targeted at French citizens or residents.