Multi Market Strategies (MMS) launched on Signals Platform this week. We want to constantly improve the tools you use in your strategies and MMS offer an extra layer of refinement to work with. You can now create, deploy and follow Multi Market Strategies through the ‘Create New Strategy’ button on your sidebar and selecting MMS.

You will be familiar with the Single Market Strategies (SMS) already supported by Signals, currently live on the platform. With SMS, you can follow one asset pairing, such as ETH/BTC. Using indicators, you can analyze market movements and process any kind of data stream to inform your trades of that pair. It is a very effective way of performing in-depth analysis on one pair and many of you have already seen success using SMS. It has been the primary way that automated strategies operate in the crypto space, until now.

What is MMS?

MMS is a strategy template, which allows you to create a strategy which follows a range of asset pairings and monitors their movement at the same time. This allows you to trade across many currencies at once, choosing the most effective among them to apply your strategy to, targeting the best trading conditions. At this time, you are able to apply MMS strategies to over 70 asset pairs.

Selecting a second market using the code editor

Using MMS offers a range of new options, for example, you can run trading signals across 10 currencies and choose to trade with only the best currency with best signals setup. You can also trade specific interactions, where you follow, for example, a BTC/USDT pairing as your primary asset and, if the price rises on this ‘main’ currency, you will trade other currencies’ movements in a way that takes this principal movement into consideration. This gives you the advantage of being able to trade currencies based on their correlation to others. MMS allows you to reallocate your capital to the best-performing currency almost instantly.

As further demonstration of when MMS would be favored over SMS, we can use recent market conditions as a good example. Using an MMS strategy, we could follow an assortment of the top-20 currencies by market capitalization and effectively reallocate capital to the currency with the best actual performance and greatest potential gains over the next few minutes, hours or days. The gain potential can be calculated by an investment strategy based on technical analysis (price patterns, indicators), fundamental analysis (news), or psychological analysis (crowd behavior, game theory). When the potential for gains becomes weaker, MMS can close the opened position and will wait for the next opportunity on the same currency, or switch to a different currency.

How do I get started with MMS?

You can start creating Multi Market Strategies immediately. For more detailed information about how to create and use these strategies, please visit our Help Center. There, you will find documentation to help you in the process of defining your own MMS strategy. For those of you who simply wish to follow MMS strategies deployed by others, an option which will be launched soon, the process will be the same as it was for SMS: find a strategy you wish to follow in the Strategies Marketplace and click the follow button — as easy as ever!

Chart showing backtested trades based on the currency pair your strategy is applied to

As with any trading strategy, your multi market strategies can and should be tested thoroughly before being deployed. Just hit the backtest button to put your new strategy through its paces. Signals offers comprehensive testing of all strategies you create, allowing you to see how they would perform under real conditions using historical data. Once tested, you will receive a full report breaking down the key statistics, together with a visualization of strategy behavior across all asset pairs which your multi market strategy is using.

We are really looking forward to seeing what you guys create using this new method. It took a lot of work to implement but we’re excited to be the first platform in the crypto trading industry to offer such a powerful, dynamic tool to our users. Signals Platform is designed to give you absolute flexibility over your trading and MMS should unlock a whole new world of possibilities. It would be great to hear about your experiences with MMS so get in touch via Telegram or Twitter and let us know how you use it.

Happy Trading!

Signals Team