Pour la version française cliquez ici.
Caution: leveraged trading can involve significant risks to your capital. You may lose the amount of your initial capital. These products are not suitable for all investors. In addition, the Future version of Kryll.io is under active development and may contain bugs. By activating this version you agree to accept responsibility for any losses incurred as a result of using this version. Do not trade with money you cannot afford to lose. Be sure you understand the risks involved !
Since the end of 2020, Kryll has opened the "Futures" version of its platform. This version now allows you to easily create and deploy your trading strategies on Crypto derivatives markets. Long (long position generating profits if the price rises), Short (short position generating profits if the price falls) as well as leverage (profit and loss multipliers) are now available on futures.kryll.io!
How does all this materialize on the platform? This is precisely the subject of this article.
What's new in the editor
Long and short blocks
The first thing to note in the editor is the presence of 3 new "Actions" blocks, two of which replace the usual Buy and Sell blocks: the Long and Short blocks.
These two blocks will allow you to interact with the market:
The Long block allows you to enter into a long position with all or part of the capital allocated to the strategy. Conversely, the Short block allows you to enter into a short position with all or part of the capital allocated to the strategy.
As with the buy and sell blocks, it is possible to set the quantity to be invested, the type of order, the purchase price, what to do in case of time out etc... For more details, please refer to the articles detailing the basic buy and sell options here or the more advanced options there.
Closing of positions and closed block
Contrary to trading on spot markets, it is not possible to hold a Short and Long position at the same time for the same pair on the futures market. Therefore, crossing a Long block will automatically close any Short position on the pair in question. Conversely, crossing a short block will automatically close any long position on the pair in question.
In order to close a position without repositioning directly afterwards, you can use the new block of this category: the closed block. This block allows you to set up take-profits in stages, and to exit the market when you want. This block works like the Buy/Sell/Short/Long blocks, it allows you to sell the position at a determined price, in market or limit mode, with a time out system etc...
Seed Capital and Leverage
Another important difference of this version of the editor is its management of the starting capital. Indeed it is a question here of buying long or short positions and not of buying or selling crypto-assets directly. The capital is thus only expressed in basic assets (here the Tether). A leverage effect will be applied to this capital when executing the strategy. This leverage can be set just below the allocated amount.
If you allocate $50 to the 10x leverage strategy, 100% Long and Short orders will place your $50 in 10x. You will then in position with +/- $500. A 10% increase in the price will generate 100% profit (10% of $500 = $50, doubling your initial bet). Conversely, a 5% drop in the price will generate a loss of 5% of the $500 so $25, half of your initial capital.
New on graphics
Long and short positions
As with Kryll spot, long positions are represented by a 'B' (buy) marker and short positions are represented by an 'S' (sell) marker. Position closures are represented by a 'C' marker.
Partial and total liquidation - CROSS and ISOLATED
Leveraged trading involves borrowing money from the exchange on which you trade, and the margin (collateral) can be managed on a cross or isolated mode. If a user opens a leveraged position in "Cross" margin mode he commits all of his capital as collateral. If he opens a position in "Isolated" margin mode only the funds he has committed to the position in question are considered as collateral for the loan. This is less risky but the liquidation price will be lower.
Example: A trade in x20 means that we pledge our bet to borrow 20 times as much. If the market rises 5% we double our bet, however if the market collapses 5% we lose 100% of our bet. If the margin mode is "Isolated", the exchange will automatically close the order to pay back before the losses are too high and the amount pledged no longer sufficient to cover the losses. If the margin mode is "Cross" the exchange will use the rest of your Futures wallet funds as a margin which can lead to heavy losses.
Kryll decided to operate only in 'Isolated' mode to protect the capital invested in the strategies. It is possible that a strategy could end up in a partial liquidation situation (not all the allocated capital was in position) or a total liquidation situation (all the capital was liquidated by the exchange). In these cases, the liquidations are represented by an orange (partial liquidation) and black (full liquidation) dot, respectively.
Nota bene: to avoid liquidation, remember to protect your strategies with stop-losses, don't bet the totality of the allocated funds each time and use leverages adapted to the risks of your trading strategy... in general, optimize the drawdown of your strategy...
What's new on the Strategy Launcher
Pair, amounts and leverages
Just like the strategy editor, the strategy launcher is getting a new look to adapt to the derivatives market. It is therefore possible to specify a starting amount and a leverage to be applied to the strategy.
In addition, you can launch a multi-pair strategy to spread the amount to be traded over several assets. In this case the maximum leverage available will be the smallest of the maximum levers. For example a strategy launched on BTC and UNI can only be launched a maximum of x50.
However, there is a limitation compared to the classic spot version of Kryll: only one strategy can be launched in pairs at a time to avoid any collision (positions, levers, etc.) between their operations.
What about the marketplace ?
The marketplace also has its "Futures" edition. This specific version, available in the first quarter of 2021, allows you to install and execute the strategies created by the community. Of course, the amplitude of the leverage effect is imposed by the creator of the strategy in order to avoid you an unexpected behavior of the strategy.
What about Terminal trading?
As you may have noticed, a new feature has crept into the Futures version of Kryll.io, the Trading Terminal!
The Trading Terminal is a powerful working environment that allows you to quickly create intelligent trading operations, but also to follow their evolution in real time and to interact directly with .
An article dedicated to this topic is available here.
In essence, the Kryll Futures edition allows you to enhance your possibilities by creating trading strategies adapted to all types of markets (bullish and bearish) and capitalizing on all the phases it goes through. Leverage effects allow you to amplify profit potential and trade even on low volatility. Beware however, these markets are more dangerous than the traditional Spot markets and can induce a loss of all capital in case of liquidation.
Kryll Future is a revolution, it's up to you to exploit it to the best of its abilities and your creativity!
Good trading to all Kryllians !
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