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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

#101

Post by clay_the_ripper »

bitcoinmoney wrote: post #93
clay_the_ripper wrote: post #89

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.

Good point. But maybe being in HN there is high demand also for not inventing something that knowingly takes money from dumb people.

Yes I agree with you 100%. I didn’t mean to condone their actions, just to point out that this is clearly not designed to beat hft, it’s designed to make a profit off of dumb money, and the more interesting debate is whether that’s morally wrong or not. Debating about strategy and hft is a distraction from the real debate which is: should YC fund a company like this?

I don’t doubt that this company can make money, and probably a lot of it. But should they?

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

#103

Post by rohitgoyal »

jtms wrote: post #102

Does your strategy creator allow for multiple time frames to be considered simultaneously?

Yes. You can define different tick intervals for different blocks. For example in one block you can select RSI with tick interval being 30 min and in another one you can select RSI with tick interval 2H. Ping on help button at the bottom if you get stuck. :)

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

#104

Post by luxpir »

wpietri wrote: post #100
luxpir wrote: post #65

Earlier quoted context omitted.

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 ne…

> 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.

Kudos on the word gimcrackery.

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

#106

Post by rajacombinator »

clay_the_ripper wrote: post #89

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.

While I agree with what you and others are saying, I just want to point out on the generous interpretation, there’s a good chance the people at YC aren’t aware of this. Possible (but less likely) that the companies founders aren’t aware of this also. There’s a lot of naive tech industry people who dive into financial markets thinking they’re like other areas that are waiting for a startup to ‘disrupt’ them - they’re not.

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

#107

Post by rohitgoyal »

marcell wrote: post #105

Curious in terms of unique users, what % lose/make money over time? How long do the losers stay on platform before exiting?

In our close beta 65% of the traders made profit. Usually people stop loss making strategies within a week or two.

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

#108

Post by jtms »

rohitgoyal wrote: post #103
jtms wrote: post #102

Does your strategy creator allow for multiple time frames to be considered simultaneously?

Yes. You can define different tick intervals for different blocks. For example in one block you can select RSI with tick interval being 30 min and in another one you can select RSI with tick interval 2H. Ping on help button at the bottom if you get stuck. :)

Oh one more question - do you use walk forward testing? Monte Carlo simulations?

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

#109

Post by sprash »

throwawaykyok wrote: post #23

What you have built looks great and I am sure a lot of work went into it. However, as someone with a bit of trading experience (running a profitable custom-built trading system myself) who has friends that lost money I would like to post a few words of warning to anyone who believes they can build profitable trading strategies on top of someone else's platform: It's extremely unlikely. While you may hear stories of p…

I disagree with the notion that your edge has to rely mainly on the infrastructure or insider knowledge. In today's markets you often have the case that very wealthy and high volume market participants have to make ends meet with rather low liquidity markets. This leaves more than enough room for small fish to arbitrate since the price allocation is flawed.

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

#110

Post by [deleted] »

throwawaykyok wrote: post #94
clay_the_ripper wrote: post #89

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.

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?

[deleted]
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