Oct 13, 2023

How can Anboto’s new tools improve trading execution?

First impressions review by DylTrig

DylTrig is a seasoned trader with 15 years of experience, beginning his journey in the world of stocks and options and Venture Capital before fully delving into the realm of cryptocurrency in 2017. DylTrig is the founding member of WOO Force, a group of like-minded WOO enthusiasts devoted to growing the WOO community.

The content has been created in collaboration with Dyltrig and Anboto.

—

Anboto could be a game-changing platform that brings the smart order execution tools typically reserved for institutions within the reach of retail traders like myself.

At the onset, I was able to execute trades in a way that significantly reduced my execution costs, freeing me from obsessing over precise entry prices and allowing me to focus more on market direction. This platform has also effectively minimized the fear of missing out (FOMO) and the anxiety associated with trading.

One of the standout features is the ability to confidently use limit orders without the need to flood the order book, potentially alarming the counterparty. The platform handles this process seamlessly, allowing me to execute my trades without the need to monitor every market tick.

Anboto enables me to concentrate on the specific coin I want to trade. I can set up a Time-Weighted Average Price (TWAP) hedge, which exclusively relies on limit orders, ensuring minimal price impact without constant oversight.

0:00

/1:18

Initial impressions

Anboto is an incredibly powerful tool with its lightning-fast order execution and cancellation capabilities. My trading execution has significantly improved in the few weeks I've been using the platform.

The absence of Know Your Customer (KYC) requirements and the flexibility to avoid depositing funds directly into Anboto are major advantages. The platform's innovative feature that allows placing and canceling orders at precise order book locations has improved my trading experience.

The emphasis on user security, with features like "whitelisted IP addresses" and "2FA account access," adds to the platform's credibility. Not having to store funds on the platform and the ability to link to a centralized exchange (CEX) through a sub-account further enhance security.

Final verdict: is the platform ready for professional trading?

A few weeks ago, I was asked to be an early tester of a platform that provides “smart order execution tools.” Often available only to institutional traders. These guys have made them simple to use and for retail. I absolutely battle-tested their platform through a sub-account on WOO X. With >150,000 trades, I managed to push my Sharpe ratio (risk-adjusted return) higher than ever before.

All in all, I’d say that the potential is just starting to unfold. Its capacity to connect to multiple exchanges, both centralized (CeFi) and decentralized (DeFi), coupled with its rapid order book analysis and execution speed, opens the door to numerous future improvements and possibilities.

Follow Dyltrig on Twitter

—

The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by themselves.

The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.