The review of analytical service CoinsHarbor for cryptotraders
Blockchain adviser Nick Papirny launched analytical service
CoinsHarbor for cryptotraders.
As noted, the project will help traders to monitor
exchange accounts and analyze closed transactions and tradingstrategy more deeply. CoinsHarbors’ analytic system can be used for identifying high-quality trading bots or detailed analysis of the bots’ transaction strategy to understand how effective it is. There is also a possibility to apply several trading strategies on different exchanges and compare them in a cryptodiary.
On the main page you can find information about current balance and how much it has changed in the last 24 hours, week or month. There is also the chart of portfolio value from the moment of exchange accounts appearance, its changes over the entire period and the size of investments. Complete coins list in a portfolio, their percentage, purchase and current price are also can be found within the tool functionality. Thanks to that, it becomes immediately clear whether the user is in the black or in the hole.
In the "Analytics" section you can find detailed analysis of each coin in the portfolio. On the integrated charts from the TradingView service the user can see the entry/exit points and the average purchase price of a particular coin; below is a list of active positions and successful sales with “Delta” graph, where you can check the successiveness of the deal.
Particular attention should be given to the “Average purchase price” indicator. It is useful to know this value if some
cryptocurrency was bought through several transaction at different prices and now you want to find out whether the sale at current price will bring the profit or not.
In the “Trader's Diary” section you can find the details of all transactions made by user for the selected period: the exchange, where the transaction took place; the traded pair; how much was spent and how much was gained as a result of the sale (in US dollars or in bitcoins – choose on the top of the page) and ultimate benefit in percent.
You can also add a comment and a tag to each transaction by which it can be found in the search at the top left. Information updates very quick, so the user can track a deal in his CoinsHarbor profile within a couple of minutes after closing it on the exchange.
Not so long ago, a signal aggregator function was added to the site with their displaying on the TradingView chart. Now we are integrating and testing signal providers. Also we are developing the function backtesting signals (the emulation of trades on historical data). Very soon any trader will be able to conduct his own test of the real effectiveness of the signals from different sources.
The project is constantly updated with new features and capabilities, largely due to the fact that all members of the development team themselves are actively engaged in trading and ready to discuss the current situation with other traders in the
@coinsharbor Telegram channel.
In addition, at the moment, the function of automated trading on AI signals is preparing to launch.