Do you have any plans to support or integrate sports trading?
May I ask what platforms do you use for sports trading?
Betfair mostly, but also Matchbook, Smarkets and Betdaq.
Launch HN: Mudrex (YC W19) – Automated Trading Without Code
91–100 of 120 posts
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#92Earlier quoted context omitted.
Out of curiosity, do you also have experience trading equities/derivatives? I largely agree with you (especially the words of caution and about buying other peoples' trading infra), though I'd push back a bit on your assessment of automated trading at lower frequencies than HFT. I'm in strong agreement with you about the lack of utility for what is typically called "charting" or "technical analysis", but I don't thin…
I have a bit of experience trading derivatives, but little compared to crypto. Everything I said was specific to crypto only. A crucial distinction between crypto and equities is direct market access. Everyone in crypto gets DMA and API access with a few clicks only. Most of the low-hanging arb fruit is thus already taken or getting harder to take and moving to higher frequencies. There are still low-frequency arb op…
Just curious how much money you made in total and you’re sharpe ratio? What about win rate and how man trades you made? We could use that to determine if you have an edge (not saying you don’t).
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#93To 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.
Good point. But maybe being in HN there is high demand also for not inventing something that knowingly takes money from dumb people.
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#94To 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.
I agree with you, but if this is the case, isn't it a bit sad that YC funded something like this (or, equivalent, allowed the pivot into it)? Would YC fund a casino?
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#95How much data are you extracting or planning to extract from profitable trading strategies? This seems like a great way to crowdsource market intelligence. To quote another analogy below - It's the modern version of selling shovels, except the shovels have GPS and mass spectrometers installed, so you can later pull in from behind with excavators and dump trucks.
All the IP of the strategies remains with the user who built the strategy. We don’t extract any data from those strategies. We do have a marketplace where traders can publish their strategies publicly for other investors to test and invest in those strategies. Thanks for checking us out.
Buy like how do you guarantee that aside from saying it?
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#96Are there really people out there who can create profitable automated trading strategies with all that involves, but can’t code? Presumably they can’t test either and arent too hot on maths? Who are these people?!
As somebody who has written software for traders, I think this is an excellent question.
If somebody really has some sort of advantage such that they can be consistently profitable, then at worst they could trade manually for a bit and then hire somebody to code.
Like others, I suspect the real appeal of a platform like this is similar to the value of a racetrack. It's selling hope and optimism to people who think they are smarter than everybody else.
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#97Earlier quoted context omitted.
It doesn't sound like you've thought this through. Technical analysis isn't typically based on patterns. Banks trade using TA (see Lehman Bros Forex trading handbook - available online) - it's not strange or unusual to trade a mean reversion strategy at HFT or retail trading levels. Nor a momentum strategy, or even trend following. Nobody serious trades the candlestick patterns you're referring to in algo trading. Th…
> Nobody serious trades the candlestick patterns you're referring to in algo trading. You are correct. My definition of TA was these candlestick patterns, like the ones ("bullish engulfing") shown on the landing page. Mean reversion, momentum, etc are fundamental concepts that have solid mathematical foundations. I have absolutely nothing against these ;)
That's a screenshot you are referring to. It just shows how to connect different blocks. Like see the first gif that shows the kind of blocks we have with an example of indicator block (RSI/MACD etc).
In no way there is a sign that it will make you profit. In fact it encourage you to test your strategies on past data and live data.
Will try to make it clearer.
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#98Earlier 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.
> 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.
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#99To 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.
I agree with you, but if this is the case, isn't it a bit sad that YC funded something like this (or, equivalent, allowed the pivot into it)? Would YC fund a casino?
Well yes, I guess I should add that I don’t mean to say this is a “good” idea. I mean it’s a good idea in the sense that people will probably buy it, but bad in the sense that, like gambling, people probably shouldn’t use it.
Of course the people making it don’t want to believe it’s bad and I’m sure can cite statistics and use cases and whatever that aren’t to exploit dumb money. But it’s pretty clear that’s what it is.
Re: Launch HN: Mudrex (YC W19) – Automated Trading Without Code
#100Earlier quoted context omitted.
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. O…
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.