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Launch HN: Mudrex (YC W19) – Automated Trading Without Code

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Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#81

Post by therealmarv »

usgroup wrote: post #68
rohitgoyal wrote: post #52

Earlier quoted context omitted.

There are a lot of people who do research using Trading View and optimise algorithms on excel. But they don't know to code and build the whole infrastructure. Thanks for bringing this up.

Not to be a sceptic but you can’t do this ... you can’t optimise algorithms in Excel. I mean you can; you can do whatever you want but what needs to be done is a lot harder than this.

I think you underestimate the mathematical power Excel has under its hood. (personally not an Excel fan)

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#83

Post by vasilipupkin »

rohitgoyal wrote: post #62
vasilipupkin wrote: post #26

Earlier quoted context omitted.

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.

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.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#84

Post by wibble10 »

rohitgoyal wrote: post #66
daemon_beard wrote: post #20

Are you aware there is a massive (market leading, in fact) trading platform called Murex? The name is rather close isn't it? Is it intentional? Edit: I mean, if I started making say, an operating system and called my company one letter different from another company (mickrosoft? rehhat?)-- who are in the same market and have an enormous reputatation -- I'm sort of asking for trouble, aren't i?

Didn't know about this. Thanks for pointing it out. Mudrex has nothing to do with it. Mudrex came from the Sanskrit word call "Mudra" which means currency. I hope this answers your concern.

I would be carful; if you think sap people are billed a lot per day you should see how much we’re invoiced for murex consultants.

Not the sort of companies who play nice on these sorts of issues.

Just my 0.02

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#85

Post by divyanthj »

vasilipupkin wrote: post #58
divyanthj wrote: post #34

Earlier quoted context omitted.

I'd invite you to try out the platform then. We aren't offering get-rich-quick schemes. We are just providing the tools to create your own. :)

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.

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.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#86

Post by newman8r »

jvagner wrote: post #32

What do normal algo trading models look like? Are they all super proprietary so it's hard to talk about, or are there useful and representative models available for learners to dig into?

There's a lot of algo trading projects on github - https://github.com/topics/trading-strategies is a good place to start

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#87

Post by davidmr »

I’m genuinely curious about who the target customers are for this platform. In terms of simple strategies (see signals A and B, fire order, wait for signal C, exit market, profit), there’s just no chance of a startup beating the established HFT players on execution speed. In terms of sophisticated model generation, training, optimization, etc., I don’t see being able to compete with them either. Their data and computational resources are just too good. You interviewed 100s of traders; I wonder how many truly successful ones you talked to. Did you give more weight to their input than the less successful ones?

I’m certainly biased here, as I’ve spent many years building infrastructure for large HFT firms. If nothing else, it’s made it crystal clear that there’s smart money in the market and dumb money in the market. On my own, I’m absolutely the dumb money when I compare my resources to infrastructures costing $300M or more and hundreds of the brightest people around. Unsurprisingly, I keep my money in mutual funds.

I wish you the best of luck, though. I hope you prove me wrong.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#88

Post by unclebucknasty »

rohitgoyal wrote: post #62
vasilipupkin wrote: post #26

Earlier quoted context omitted.

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.

>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.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#89

Post by clay_the_ripper »

To everyone pointing out that you need an edge to trade successfully, you can’t beat HFT guys with this etc etc...this is a tool for dumb money. Just look at casinos, they make billions from dumb money. Just because you can’t beat hft traders with this doesn’t mean there isn’t demand for a tool like this. People will buy this so they are making it.

Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code

#90

Post by rohitgoyal »

davidmr wrote: post #87

I’m genuinely curious about who the target customers are for this platform. In terms of simple strategies (see signals A and B, fire order, wait for signal C, exit market, profit), there’s just no chance of a startup beating the established HFT players on execution speed. In terms of sophisticated model generation, training, optimization, etc., I don’t see being able to compete with them either. Their data and comput…

We are currently focused on strategies that typically have exposure from few minutes - few days. These don't come under the HFT set up.

Hence our target customer are people who use Technical analysis and price action.

Thanks for you time and providing the feedback.

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