Bid and ask are the fundamental definitions that every trader gets to learn, no matter what market he’s on and in what assets he trades in.

The bid-ask spread seems like a simple concept, yet it’s an important indicator. For instance, is a reflection of the supply and demand for a particular asset. The bid represents demand and the ask represents supply for an asset. The depth of the “bids” and the “asks” can have a significant impact on the bid-ask spread, making it widen significantly if one outweighs the other or if both are not robust. Market makers and traders make money by exploiting the bid-ask spread and the depth of bids and asks to net the spread difference.

Bid Price

The bid price for a given asset is the maximum price that someone is willing to pay for that asset. You can think of this as the “demand” side of “supply and demand.”

Ask Price

The ask price for a given asset is the minimum price for which someone is willing to sell that asset. You can think of this as the “demand” side of “supply and demand.”

Bid-Ask Spread

The bid-ask spread is the difference between the highest bid price and the lowest ask price for a given asset. This spread is the profit that market makers earn by buying and selling the asset on behalf of investors. As an asset’s liquidity increases, this spread decreases correspondingly.

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Trading Basics: Bid-Ask Spread was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Top30–7 (in no particular order)
@ccnguyn10886602,@alirehmat311 ,@dedemonika1 ,@goozin110 ,@reginjrsr ,@bimasakktu ,@mirachisana ,@dekhunters ,@cryptocat15 @airdrophunter_3. @helliumsonic , @cryptocourses ,@moh_rifaii ,@milatinadia ,@ilyasscrypto ,@natalie84272874 ,@itskhan7777 ,@nguync93227548 ,@tex0099 ,@linhdangnie ,@picchi8888 ,@priyankg3 ,@hengkyhks

Top 6 and 5

crypto cat

@ttopic9

Fourth Place

@valley_hoop

Third Place

@saeedanwar007

Second Place

@nikita13526216

Winner

@yanuarabednego

Congratulations to everyone and thank you once again!

The winners will be contacted by all means possible over the course of next weeks in order to submit their Ethereum addresses. If you find yourself on the prize list, please feel free to send a Twitter PM to us at any time yourself.
The distribution will take place before December 31 2019, when the reward tokens are unlocked.

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CINDX Video Contest Results are Ready! was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

CINDX focuses primarily on the crypto markets right now, but as indicated in the Whitepaper and the roadmap, there are plans to include a diverse range of markets and instruments in the future. It means there will be products available in the Marketplace, that allow investors to earn profits in various types of assets, following strategies that are dedicated to earning against a particular base asset.

So what types of assets are there in general, and what can you choose from when selecting a product on the CINDX platform?

Fiat

Fiat refers to government-issued currencies, such as the U.S. dollar, the euro. These typically are contrasted with cryptocurrencies, although those two categories are beginning to blur as governments, like the government of the Bahamas, plan to issue their own cryptocurrencies.

Fiat is usually supported by blockchain trading platforms in the form of stablecoins.

Stablecoin

Stablecoins are a special class of cryptocurrencies intended to maintain a stable price and value, in contrast to the other extremely volatile cryptocurrencies. Tether, for instance, is a project that issues tokens with value pegged to particular fiat currencies — for example, the USDT, a token designed to always be worth $1 USD. There are different types of stablecoins, backed by different assets (or even algorithms) and centralized/decentralized by nature.

Cryptoassets

Cryptoassets are assets in the form of a digital token, secured by cryptography and built on blockchain technology. The term refers to the token itself rather than the software upon which it is built. For example, Ethereum’s cryptoasset is ether (ETH). In some cases, including Bitcoin, the software and the cryptoasset bear the same name — for those currencies, you can distinguish between them because the name of the software is capitalized (“Bitcoin”) while the cryptoasset is written in all lowercase (“bitcoin,” or “BTC”).

Altcoins

“Altcoin” is a term primarily used by Bitcoin maximalists, proponents of Bitcoin who think that it is superior to all other cryptocurrencies, but recently it’s been more used to denote all cryptocurrencies that are not BTC without a negative connotation.

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Trading Basics: Types of Assets was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

A drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund. A drawdown is usually quoted as the percentage between the peak and the subsequent trough.

If a trading account has $100,000 in it, and the funds drop to $80,000 before moving back above $100,000, then the trading account witnessed a 20% drawdown.

Drawdowns are important for measuring the historical risk of different investments, comparing fund performance, or monitoring personal trading performance.

On the CINDX platform, we take into account Max Drawdown and Max Drawdown duration when calculating the product ratings every reporting period, which helps users accurately yet quickly assess the risk of temporarily being in the red when subscribing to a particular strategy.

The basis for calculating the rating is the tamper-proof trading history, verified by blockchain technology.

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Trading Basics: Drawdown was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dear community, July was an eventful month for the project, highlighted by the public testing of the platform. The results so far are encouraging(and we’re just getting started!):

- Over 108 registered users have taken part in the testing
- We have working products created by traders and actual followers earning real money
- We’re building a knowledge base and support center to simplify the onboarding process
- The dev team has got valuable feedback that will help us streamline the user experience

Dev Update

Bug Fixes:
- Key validation error fixed
- Filled group orders are now displayed correctly
- Fixed the displaying of profit chart on the marketplace
- Fixed registration issues on mobile devices
- Optimized memory consumption of the desktop version
- Corrected the displaying of username
- Fixed the issue which prevented charts from appearing in the investor control panel
- Various fixes and improvements made to Rebalancing and Synchronization functions

New features:
- Added interface tooltips
- Added displaying of external investor accounts (joining from the marketplace)
- Added filtering settings to the trade panel
- Added the option to change profit reporting period on the product card on the marketplace

Coming next:
Next couple of months we will continue rolling out usability features that our platform is lacking to this date, such as service emails and notifications, new UI components, user profile. A lot of attention will also be paid to further tweaks and optimizations of resource consumption.

Join our Telegram group or other social media to stay updated on the general project news, or take an active part as a trader or an investor in our platform testing. Thank you for following us this month!

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CINDX Monthly Update — July 2019 was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

One of the most difficult tasks for inexperienced Investors is choosing the right Manager. The CINDX platform uses its own rating system, which allows anyone to quickly evaluate not only the effectiveness of a Manager, but also to determine their specialization.

The basis for calculating the rating is the trading history recorded on the blockchain, the validity of which can be verified by anyone.

CINDX shifts the paradigm of the current Manager-Investor relationship towards depersonalized, fair-play solutions. While the industry suggests selecting a Manager based on the average results of their trading, CINDX provides full, transparent access to success and failure statistics for all Managers registered on the platform.

How does the rating work?

For better viewing experience, the main factors influencing the overall rating of a product are broken down in a radar chart with 5 values. Every product is compared to other products on the platform, so a completely filled chart represents the most competitive product on the CINDX platform at a given moment in time.

Income — Total profit(loss) made since the creation of the product

Average Income — Average of daily incomes for every day the product has been active

Volatility — Standard deviation of the Average Income values

Max Drawdown — The lowest (compared to the high watermark) point, representing the worst performance of the product since inception

Max Drawdown Duration — The longest period of time spent at the max drawdown level

The number which represents the rating is derived from these parameters above with the help of a complex formula and represents the overall attractiveness of the product on the CINDX marketplace from investors’ perspective. It goes without saying that preferences may vary from one investor to another, but whether one prefers to invest in a long or short term strategy, in a high risk — high reward or a safe product — the rating is a tool that can be useful in many cases, especially for less experienced users.

Want to get a first-hand experience with the platform? Participate in the testing now!

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CINDX — Product Ratings Explained was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

We regret to inform you that due to circumstances beyond our control, the IEO rounds that were conducted on June 25 and 27 at BitForex will be cancelled, and we will not move forward with the listing of the CINXO token at this time.

The BitForex exchange and CINDX have insurmountable disagreements in terms of listing strategy and investor rights protection, thus the collaboration with the exchange had to be terminated.

BitForex will issue refunds within 7 days from the announcement to the participants of the IEO rounds that will cover 110% of the price of purchased tokens.

The additional 10% will be covered from the funds of CINDX to provide some return to those who supported our project and as a token of gratitude to our community.

Our goal for the near future (tentatively — late Autumn 2019) to launch IEO campaign on other exchanges and platforms after getting more traction with the actual product.

The CINDX dev team has recently rolled out a working version of the product for testing and is sufficiently financed for the foreseeable future, and the development of the project will continue according to the roadmap.

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BitForex Listing and IEO Cancelled was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dear community, we at CINDX are delighted to announce that starting today our platform is going live for a month of extensive public testing!

We’d like to invite traders, investors and interested community members in general to try out the platform and provide us with feedback, streamline the overall user experience and eliminate possible bugs.

Our team is ready to present to you the following features:

• CINDX.Market module, allowing Traders to create and display their products on the platform.
• Manager’s control panel, a powerful tool, allowing to automate the management of multiple investors’ accounts via API. It also allows to accept and manage investors’ requests and conveniently analyze their performance as their accounts mirror traders’ deals on the exchange.

• Binance support, allowing existing products based on the Binance exchange to work with real money securely via API, without traders’ funds leaving their wallets. The synching between manager’s and investors’ accounts works as expected.
• Account analytics with charts that provide a detailed overview of profits, fluctuations of account balance, drawdown and other parameters.

• Rating mechanics, which help investors quickly classify products presented on the platform and assess their suitability by their own criteria.

Important notes:

The platform works with real investors’ funds and actual trading strategies via API keys, but for the sake of testing the platform we’ve disabled monetization — the platform’s fee and manager’s success fee are set to 0.00%.

The only supported exchange during the testing phase is Binance, integration of other exchanges is coming along well and is expected within the time frames announced in the roadmap.

The UI (User Interface) is a work in progress and we’re working on improving it with the help of the feedback from our testers. Tutorials are available in our Help Center.

The platform has been tested internally, but some bugs may still be discovered so we advise the testers to exercise caution and contact the team members in case of any questions.

The core functionality is safe to use, but some features like password reset, 2FA aren’t yet implemented.

Join the ranks of testers now!

Your feedback is very valuable to us, and will be used when planning our development roadmap for the near future.

We invite everyone, and traders in particular, to join our special channel for testers. We’ll help you with onboarding and make sure you receive assistance with various issues in a timely manner.

Also note, that CINDX is starting to establish a growing knowledge base and a basic support system with tickets to facilitate tracking of users’ issues.
Feel free to use the forms there to contact us, or send us an email at support@cindx.io

We’re looking forward to seeing you on our platform!

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CINDX Platform is Open For Public Testing was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Editor of algorithmic strategies with the possibility of historical testing (ASE)

This block is a highly functional code editor (C #, Python) that allows experienced developers to customize and fine-tune their strategies, but we also have a simplified system in place for creating trading algorithms based on pre-built components, that also allow a certain degree of customization.

Types of strategies created depending on their tasks:

• Buy / Sell is the main strategy that will implement the purchase and sale of an asset.
• PA (Position averaging) is a method used to distribute the value of an asset by averaging its value. This can also be very useful when the position has slipped into the red. Increasing the size of the position with DCA will also reduce the drawdown percentage.
• RS (Reverse Strategy) is trading in the opposite direction. This allows users to sell the asset that the users had bought (and it is now dropping in price) to buy back at a lower price, and then sell it at a profit.
• (TS) Trigger Strategy — these strategies can influence the trading system. For example, they can turn on / off the PA, RS, Buy / Sell.

Trading bots on CINDX.Hub

Trading bots within the CINDX system are a set of trading strategies that operate within the trading system in accordance with their own rules and TS rules if they are programmed in the trading bot. To work, a trading bot must contain at least 1 strategy of type B / S, while PA, RS and TS strategies are optional.

Algorithmic Strategies Control Panel

This block is a web interface that allows the creators of algorithmic strategies to monitor the actions of trading bots, as well as to debug and adjust them.

The block consists of several panels providing the trader with all the necessary information.

The My Bots panel is represented by blocks, each of which provides a trading robot created by the Manager / trader.

The following information is available for every robot:

1. Name
2. Status
3. Selected strategy (B\S, RS, TS AS)
4. Open position size
5. Base Asset
6. Mode ( Live/ Test)
7. P/L

In the detailed view of each bot, the user has access to the following statistics:

• Performance — General performance overview and trading history.
• Account Value — The actual amount of funds in the account on which the bot is running.
• Today’s Profit — Daily performance results.
• Portfolio Growth — Portfolio growth displayed for a certain period of time (a week, month, quarter or user-defined date range).

Lite Algorithmic Strategy Editor

This tool is a ready-made set of algorithmic trading tools created by CINDX with customizable settings. This particular option is suited for investors as well as for less experienced traders.

For Traders it will be useful as a set of ready-made bots, such as:

• Accumulation Bot — A bot that allows users to gain a position at a certain price level without affecting the price.
• Ping Pong — A simple scalping bot that will be useful in combination with manual trading.
• Market Making Bot — This one will create two or more limit orders at a given percentage of the current price. When both orders are executed, the bot will create two limit orders again.
• Order Bot — Works as a Pocket of orders in the Trade Terminal. Users can create a group of pending orders and create a rule for sending them to the exchange.
• Email bot — This bot integrates TradingView alerts received via email.
• Trend Line Bot — This bot works with line sets. The set contains 2 drawn lines and an additional stop loss.

After adding such a trading robot, the user will see it appear in their Algorithmic Strategies Control Panel.

There is also the option to use ready-made trading robots, where the user is only asked to adjust the risk level of the trading algorithm and the frequency of transactions. These tools are suitable for beginner investors and traders who are getting acquainted with algorithmic solutions.

As you can see, the functionality of CINDX.Hub is quite flexible and it caters to the needs of both experienced and novice traders, allowing the latter to get a quick start in just a few clicks, and the former to profit from their hard-earned experience by fine-tuning complex algorithmic strategies and making sure they are executed automatically just the way they planned it.

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CINDX.Hub Overview (Part 2) was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.

Ahead of the upcoming release of the improved CINDX platform, we’re excited to share with you a sneak peek of the refreshed UI that will go with the release.

This is work in progress and should be treated as such — some things may change before the release. The numbers and names are placeholders and don’t indicate real performance of the products.

As explained in one of the previous articles, the marketplace is allows investors to browse through various investment strategies presented by the managers on the CINDX ecosystem. Everyone can discover an investment strategy to match their needs, depending on the desired risk, term and market segment.

CINDX users will be able to browse through various strategies, each represented by its own card on the interface, that will display the essential information — its performance chart, the rating, the name of the strategy and its manager. A more detailed view includes a description and more analytical information that allows investors to compare strategies based on transparent historical data.

Above you can see the layout of the interface used by Traders to manage, monetize and track the performance of their strategies. In this example, the product is mirror trading — investors connect to a trader and automatically replicate his exchange orders by connecting their accounts via API keys.

The product owner (trader) can accept or decline new connection requests as he sees fit, can see his trading history with the status of every order, as well as the synchronization ratio of every connected investor’s wallet. Every fund manager can have multiple products — each represented by a unique API key, that can be managed through the control panel.

The presented version of the design is mobile-ready and the platform with all of its functionality can be accessed from almost any device. Our team is planning to conduct internal testing of the platform till the end of July to eliminate all possible bugs before the public release.

If you have any feedback or questions, feel free to let us know in the Telegram chat or by email.

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CINDX Presents Updated User Interface was originally published in CINDX on Medium, where people are continuing the conversation by highlighting and responding to this story.