Huobi MENA Launches AI Trading Service
The company is partnering with AI Trader to offer the service to its clients
Huobi MENA, the Middle East, Africa, and South Asia branch of the Huobi Group, announced on Thursday that it is launching an artificial intelligence-based (AI) trading solution.
The new solution will be launched in conjunction with AI Trader – a company that offers AI-based trading to clients.
Effective immediately, the deal between the two companies will grant AI Trader’s users access to the Huobi MENA cryptocurrency exchange.
Huobi MENA users can then trade on the AI Trader platform using their API keys, with their funds remaining in their accounts. Upon the completion of a set of trades, the results are reflected in their Huobi MENA account.
“At Huobi, we believe that Artificial Intelligence is not just the future but also the present,” said Huobi MENA’s Co-Founder Mohit Davar. “The strategic partnership with AI Trader enables our users to apply the latest analytical trading tools, thus alleviating the burden on our traders.”
HFTs on Huobi MENA?
Huobi MENA users trading on AI Trader’s platform can choose between three different settings that enable them to trade in the cryptocurrency market using artificial intelligence.
One of those settings was also launched by AI Trader this Thursday along with the partnership deal.
The firm has called it the Hybrid Intelligence Trading mode and claims that it was guided by the same principles used to develop high frequency trading systems.
Users of the new system can activate technical indicators to analyse market trends and patterns to execute trades. For our more technically minded readers, those indicators include Exponential Moving Average (EMA) crossovers, Relative Strength Index (RSI), Bollinger Bands and Stochastics.
“We are thrilled to announce our partnership with Huobi MENA,” said an AI Trader spokesperson. “The partnership is a giant leap forward in our vision to bring a fundamental shift in the way crypto traders are trading today.”