A cryptocurrency is a form of digital money that uses cryptography for security. The first cryptocurrency was Bitcoin, created in 2009 and is still the best known. There has been a proliferation of cryptocurrencies in the past decade, and there are now more than 1,000 available on the internet. Cryptocurrencies use decentralized technology to let users make secure payments and store money without the need to use their name or go through a bank.
suggests the most comprehensive and powerful Crypto Screener
tool for finding outperforming crypto coins
. Crypto Screener
provides a wide variety of technical criteria to screen crypto coins. The main advantage over competitor cryptocurrency screeners is that it also allows backtesting
developed coin screening strategy. The Crypto Backtester
tool allows discover how your screening strategy would be successful if you used it in the past. It is possible to specify criteria for closing a position, stop-loss, take-profit, etc. Then the trading simulator performs all trades in test mode based on the criteria and position maintenance rules. As a result, it provides a detailed report with key metrics, including profit, maximum drawdown, profit factor, mathematical expectation of a win, etc. Having this result enables a trader to optimize the trading strategy further.