What does adjusting the Crypto Strategy structure mean?
It is the process of buying or selling assets to maintain an original desired level of asset allocation or change to the new desired level of asset allocation. For example, you designed your strategy to contain 50% Bitcoin and 50% Ether. Let’s say Bitcoins price rises higher than that of Ether. You may end up with Bitcoin comprising 60% of your strategy (60% of assets copying the strategy). Adjusting the structure simply means selling some Bitcoin and buying some Ether so that their shares in your strategy get back to 50% each. But let us do the complex math and trading, your job is finished with a few simple clicks.
Another look at adjusting structure is:
- changing the weights of individual assets in your strategy (e.g. if you want Bitcoin to represent 30% of your strategy instead of 50%),
- adding new assets to your strategy or
- removing existing assets from your strategy structure.
How to adjust/change Crypto Strategy structure on ICONOMI platform?
Login to your ICONOMI account, go to the "My Strategies", select the "Structure" tab, and follow the on-screen instructions.
Short description of the process: After writing down the new weights or adding new assets into your Crypto Strategy and selecting a trading algorithm you will first submit the Strategy change. Once that is done, ICONOMI will check and confirm it within a few minutes. After that, our system will calculate which assets need to be bought and which need to be sold. In the next few seconds, our system will check the prices of those assets across all exchanges where we do trading, and start executing the orders to the exchange with the best price.
Choose between three trading algorithms
You may choose between three trading algorithms when adjusting your Crypto Strategy structure. Each trading algorithm revolves around two parameters: speed of trading and price of trading:
- Slow: The default algorithm, providing users with the best market price, but with slower performance. Places limit orders (best bid/best ask) and waits for them to get filled.
- Medium: Time-weighted average price (TWAP) algorithm, trades a fixed amount of assets over a fixed period of time.
- Fast: Places multiple limit orders at best market price over a shorter period of time.
CAUTION: Selecting the “Fast” algorithm will trigger multiple limit orders at the best market price. When using it on assets with low liquidity or thin order books, this could result in very high slippage and may drastically affect the execution price.
Assets ‘Quick Look’ for easier structure adjusting
Apart from obvious information on each asset:
- charts, returns, and BTC comparison widgets
Quick Look comes with three new pieces of information:
- Assets health.
Asset health is determined by two main criteria:
- Asset daily volume
- Asset exchange availability on exchanges supported by ICONOMI trading engine.
- Max. daily volume
This is the cumulative trading volume from exchanges supported by the ICONOMI trading engine (the maximum volume we can provide for a specific asset).
Please find additional information in the blog post "How to change your Crypto Strategy - Turning 100 clicks into 1" including handy shortcuts explanation for a faster structure adjustment/change:
- Clear all
- Copy previous structure
- Copy current index
- Save as draft
- Preview button
Check the current progress of the submitted Crypto Strategy structure change
You can check the current progress of submitted Crypto Strategy structure change by monitoring the progress bars "_ _ _ _" available under "My Strategies > Overview tab > Target column".
Please find the information about adjusting the Crypto Strategy structure fee here.
And the information on how to create a Crypto Strategy here.
We want you to know everything about Crypto Strategies. Thus, we invite you to also check out other materials on the subject: “Crypto Strategies managed by ICONOMI Experts” and the articles "What is a Crypto Strategy and how does it work?" and "The main perks of having your own Crypto Strategy".