Clearing Doubts, Providing Clarity - Your FAQs, Answered for a Seamless Experience.
Algify is a powerful desktop application designed to enhance and simplify cryptocurrency trading. By acting as an aggregator for multiple crypto exchanges, Algify offers a single, intuitive user interface that streamlines the trading process. With advanced features like trailing orders and the ability to place both stop loss and take profit orders on a single position, Algify empowers traders to execute more sophisticated trading strategies. In addition to these advanced features, Algify provides essential functionality like placing simple orders, viewing charts and market data, creating price alerts and tickers, and much more.
In addition to the advanced features that aren't normally supported by exchanges, using Algify can also make trading more efficient and less time-consuming. By automating routine trading tasks, you can free up more time to focus on developing your trading strategies and making more informed decisions. With Algify, you can view all your exchange accounts in one place, providing a convenient way to manage and monitor your investments. Additionally, the app is designed to be user-friendly and easy to navigate, even for those who are new to cryptocurrency trading. Overall, Algify can help simplify the trading process and make it more accessible to a wider range of users.
The decision to create a desktop application was motivated by two main factors. Firstly, desktop applications allow for local data storage, ensuring that users' secret keys remain on their personal computers. This significantly enhances security compared to existing web-based solutions, where sensitive data is often stored on external servers. Secondly, by avoiding the need for costly web servers and infrastructure, we are able to provide our users with a wider range of features at no additional cost.
To connect your exchange to Algify, you first need to check if your exchange is supported by Algify. You can refer to our 'Supported Exchanges' page to see the list of exchanges that are currently supported. If your exchange is supported, you can then generate API keys from your exchange account profile and copy them. Then, you can add these API keys to Algify, which will allow you to start trading on the exchange through Algify's interface.
We can offer Algify for free because it's a desktop application and doesn't require costly web infrastructure. This means that each new free user costs us nothing in terms of resources. Additionally, we believe that by offering a free version of our app, we can attract more users who may eventually want to upgrade to the paid version once they see the value that Algify provides. While the free version has plenty of great features, we are actively developing additional features for the paid version, which we expect to be available in Q3 2024.
Algify is designed to run on Windows 10 and later. To get started, simply ensure that your PC has .NET Framework 4.8 installed. If it's not already installed, don't worry - the application installer will take care of it automatically for you
To get started with Algify, you need to link your crypto exchange by providing your public and private keys which can be generated on the exchange website. Once saved locally on your PC, you can commence trading on the connected exchange through Algify's intuitive interface. Whenever you execute a trade-related action in the application, it sends an HTTP request signed with the stored API keys to retrieve relevant data from the exchange. Notably, the application stores the keys exclusively on your PC to ensure your exchange account is not accessed by any third-party companies even via API.
You can install Algify on multiple PCs, but the app data will be different on each PC. If you want to access the same app data on multiple PCs, you can manually copy the data from the %localappdata%\AlgifyData folder and paste it into the same location on another PC. Alternatively, you can use cloud storage services such as Dropbox or Google Drive to sync the app data between multiple PCs. However, please note that this approach may have security implications, and we recommend that you take appropriate measures to secure your data if you choose to use cloud storage services. In the future, we plan to add a feature that will allow users to easily share app data across multiple devices.
Algify ensures the safety and privacy of your data by storing it exclusively on your local hard drive. All user data is stored in the secure %localappdata%\AlgifyData folder on your computer, and we do not send any data to our web server. Rest assured that your information is kept confidential and secure within the application. In the unlikely event of an error, we may ask for your consent to send an error log, which contains no user data, to our server for diagnostic purposes.
At Algify, the safety and security of our users is a top priority. We take every precaution to protect your data and private API keys. Our application uses a secure HTTPS connection for all network communication and all data is transmitted in an encrypted form. We understand how important it is for our users to feel that the application is safe and secure, so we never send out user API private keys from their PC. Additionally, we are constantly working to enhance our security measures and will continue to add new security features in future application releases new security features in future releases of the application. You can trust Algify to provide a safe and secure trading experience.
Secure your spot on the waiting list now! Join and enjoy an exclusive 90-day trial of Algify PRO when it launches in Q3 2024. Our standard trial is just 30 days!
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RISK WARNING: Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.