why do people need to run trading bots ? what's the point?
you are not going to win against professional trading bots. And you wont do any better than buy and hold investing anyway, after taxes and fees.
A good startup should add real value to the world. Your startup enables a completely pointless activity.
The platform is for traders who knows what they are doing. We have professional traders building their trading strategies on the platform.
We are working on marketplace where non-professionals would be able to invest in professional trader's strategies for profit share.
> The platform is for traders who knows what they are doing.
No, the platform is for people who think they know what they're doing. Which it's why it's a bad idea. It's a very elaborate and expensive way for people to learn that the problem is much more complicated than they initially thought.
>We are working on marketplace where non-professionals would be able to invest in professional trader's strategies for profit share
Sorry, but that makes no sense. If a professional trader created a profitable strategy, why would she share it with non-professionals and "profit share"?
Further, if a number of people started to use a profitable strategy, then it wouldn't be profitable for very long.
sure, if you are targeting professional traders, it's reasonable, but professional traders need to build their own infrastructure to be professional. in trading, infrastructure is the edge. there is no edge in using someone else's trading infrastructure.
you are providing the tools to do something no sane person should ever do. I agree you can probably find customers who will do it and will pay you for it, but it's a nonsensical activity like buying lottery tickets.
This isn't targeted at competing with billion dollar HFT firms. A trading bot can simply ping you an alert when criteria are met for you to take one trade a month/year. Or it can be more involved. But it's not instant suicide if you try. Tough, but not impossible. It can be as macro as you want, is my point.
To address your analogy, the odds of a trade going in your favour are closer to 1 in 2 than 1 in 14 million. Of course fees etc. apply, so you have to cut losers short and let winners run, but it's not comparable to a lottery. Or a casino before you go there.
It's very much comparable to a casino or a lottery. In all cases it's a losing proposition for most naive participants, but there's enough gimcrackery that naive participants can think they'll be the one to beat the odds.
The one case in which it arguably wouldn't be the same is if they were playing a positive-sum game, as with long-term equity investment. But since they're focused on hours-to-days trading, it's a negative-sum game.
This is a misconception often touted by those who think they know something.
The other side of a trade doesn't necessarily win/lose if they needed to exchange $xxxm to open a factory on another continent. Not all market activity is speculation/investment. Much of it, some say the majority, is random business activity. This skews the game theory analogy enough to make it invalid. There is enough inefficiency, noise and long term trending for a non-naive participant to profit from speculation. For now.
Whether I'm buying lottery tickets, treasury bonds or using trading bots, I take risk-reward ratio into consideration.
Others have already found a niche in automating trades with bots. Mudrex has found another niche within it by letting people easily create those bots.
In any case, Mudrex allows you to backtest and run paper trades on strategies you or others have created just to help you find a suitable risk-reward ratio you are comfortable with.
Like I said before, I invite you to try the platform. Set the fees and slippage and test your sanity for yourself.
A good startup should add real value to the world. Your startup enables a completely pointless activity.