4 ms·
Many people are criticizing mere existence of this project. I would like to however offer my support to the creators of this tool. I do fully admit number of pe
by KorematsuFred 8y ago
Many people are criticizing mere existence of this project. I would like to however offer my support to the creators of this tool. I do fully admit number of people who will use Mudrex in next 12 months and will make passive income of thousands of dollars per month will be 0. Almost 99% of the users are going to lose their money if they do live trading with this tool. And yet, I think this tool makes the world a better place.
Blaming Mudrex for people losing money is like blaming government for building road towards Casinos. Mudrex itself is not like a Casino, that would be Crypto exchanges and price movements.
Secondly, there are many many positives of tools like this. You can buy some basic books on algorithmic trading and implement some algos and gain a lot of experience in how algo trading works, what different models exist, if the models fail why do they fail and if no one makes money on algo trading why that is the case. There is a stiff learning curve that in my opinion is very valuable in itself. You will not get any new information if you lose money on slot machine but if you have spent enough time putting efforts and learning algo trading you might end up learning a lot. That knowledge itself could be very useful.
I do not expect people to invest their lifetime savings in Mudrex. Most people might spend only few $100 on this and few among them will be serious and will gain a lot of knowledge.
Kudos to Rohi, Edul, Prince, Alankar and Snehil. I wish you good fortune in battles to come. I did play with the tool extensively and I liked the design, how fast it is. I have following suggestions:
1. Whenever I click on a Backtest I should be able to fork the very specific strategy that was used for it and not the current strategy. In short, support strategy versioning. Most often I design a strategy, run a backtest, change the strategy run a backtest and I have like 10 backtests running for different variants of the strategy. Currently there is no good way to go back to the specific varient that a backtest was running.
2. Let me download some file of the strategy. I should be able to send it to my more knowledgeable friend and get feedback.