Iran Enjoys Software for Trading Cryptocurrencies via Artificial Intelligence

Hossein Malekinejad, a professor at Islamic Azad University- Delijan and Naraq branch in Markazi province said on the sidelines of Age of Hope (Asreh Omid Event) that people have worked in exchange market and other financial markets for many years focusing on indicators, technical analysis and other similar paths. We have made financial predictions by means of artificial intelligence but unfortunately they work with indicators.

“For example, if the indicator reaches a certain value, they send a text message to the person that we have named this text message as artificial intelligence,” he explained.

Giving more details on how to work on the financial markets and the exchange, Malekinejad said, “We work on the data of the financial markets by using deep learning methods, and in this way we manage the prices of various indices.”

“We have been working on this issue for the past two years and our main focus has been on cryptocurrencies, because this market is more attractive for users. We also have an artificial intelligence engine that is able to predict the prices, ceiling and bottom  prices of cryptocurrencies on a daily basis, and based on this daily forecast, we are able to give the users buying and selling signals at what number to buy and sell," he added.

“We established the "Altio Invest" platform and the Hivacryptocurrency platform in cooperation with four Azad University graduates, all of whom were my senior students,"the IAU professor went on to say.

“We have also established a website called altindata.ir, where we post daily forecasts, and users become members for free, and we also continuously announce buy and sell signals on that website so that users can buy and sell with those signals," Malekinejad explained.

“We don't have another company that is able to work with artificial intelligence in Iran and make predictions in the exchange market,” the IAU researcher underlined.

He further elaborated on their platform’s advantages and said, “One of the advantages is that the artificial intelligence scans currencies and finds the most reasonably-priced currency, which is the most suitable for trading that day. The second feature is to automate all transactions, so that there is no need to give a signal and the person trades with these signals, and the system uses that signal and carries out purchases and sales automatically.”

“The third capability of artificial intelligence is ‘copytrading’ and based on the transactions made by professionals and ordinary and non-professional people, these trades are exactly copied, and every trade that a professional makes, the same transaction is made by a novice, and in this regard, we look for investors," he said. 

The researcher added that the IAU-Delijan branch helped them design and develop the platforms

Islamic Azad University's "second step of revolution" under the title of Asreh Omid Event was held in Tehran's Mosalla from May 29 to June 01, 2022 to exhibit new achievements, equipments and products in the technological and innovation arenas in line with opening new windows towards strengthening the idea of creating ground for knowledge-based businesses at the 40th anniversary of establishment of the Islamic Azad University.

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