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Hi Everyone, I am Gabriele, CEO and cofounder of Coinrule. Happy to answer any of your questions.
I would never trust a service like this, but at the same time, I'm curious on how to setup the opposite of their motto: "compete with professional algorithmic traders and hedge funds. coding required!". Does Fidelity offer an API of some sort so that I can login with my normal credentials and buy/sell? I'm assuming the strategies being used here, like "Ride the Trend", are basically the same ones available here: http…
People!! Stay away from this!!! I am unsure about the sincerity of the authors of this software but in the general case the purpose of these systems is to bring dumb money into markets. Efficient markets are impossible to make money (risk adjusted positive returns) out of by active investing by definition. Dumb money is not efficient and lets the smart money (people who dedicate their lives to this) make money. Do no…
People!! Stay away from this!!! I am unsure about the sincerity of the authors of this software but in the general case the purpose of these systems is to bring dumb money into markets. Efficient markets are impossible to make money (risk adjusted positive returns) out of by active investing by definition. Dumb money is not efficient and lets the smart money (people who dedicate their lives to this) make money. Do no…
That said, it's absolutely your good right to disagree with our value proposition.
What is the point of opening this up to individual speculators? Wouldn’t it be better to launch a fund like an etf that ran the best or set of really good (historically backtested) ones and we lay people can just buy and sell shares of it?
That said, we are also going to add other asset classes in the future and this will allow users to get in and out of ETFs easily.
I would never trust a service like this, but at the same time, I'm curious on how to setup the opposite of their motto: "compete with professional algorithmic traders and hedge funds. coding required!". Does Fidelity offer an API of some sort so that I can login with my normal credentials and buy/sell? I'm assuming the strategies being used here, like "Ride the Trend", are basically the same ones available here: http…
Some brokerage accounts do come with API access. People have used Interactive Brokers to build trading bots for a long time now and there is also https://alpaca.markets/ which is developer-focused.
Hi Everyone, I am Gabriele, CEO and cofounder of Coinrule. Happy to answer any of your questions.
Hi! This is very interesting - I had a question but more so on the business side. I don't know much about finance, but what made you decide on a fixed fee pricing model than a take rate model like a hedge fund.
With fixed fee pricing we are seen by regulators as a Software provider rather than a trading platform. The other point is that user funds sit on the exchanges and we have no withdrawal rights for greater account safety, so it's easier for us to just charge a fixed fee.
Alternatively, maybe somehow support TV indicators? Not sure if "pine" (I think is the name of the language) is open source.
People!! Stay away from this!!! I am unsure about the sincerity of the authors of this software but in the general case the purpose of these systems is to bring dumb money into markets. Efficient markets are impossible to make money (risk adjusted positive returns) out of by active investing by definition. Dumb money is not efficient and lets the smart money (people who dedicate their lives to this) make money. Do no…
I would argue that the efficient market hypothesis is problematic at best and I also disagree with the characterization of our users as 'dumb money'. We are in fact quite lucky to have some very smart users with us. There are many ways you can use Coinrule, not all of them must be entirely short-term oriented! That said, it's absolutely your good right to disagree with our value proposition.
It is well established by research. It is has a good theoretical foundation. It is problematic for this business, true.
People!! Stay away from this!!! I am unsure about the sincerity of the authors of this software but in the general case the purpose of these systems is to bring dumb money into markets. Efficient markets are impossible to make money (risk adjusted positive returns) out of by active investing by definition. Dumb money is not efficient and lets the smart money (people who dedicate their lives to this) make money. Do no…
All of this is of course patently false. Be aware worik and others will try to keep you from joining markets under dubious pretenses like protecting you or caring about your individual financial sanity. Don't listen to anh of them. Don't gamble more than you can afford to lose and you shall be fine.
Here is a thought: What paid for all those shiny towers in Wall Street? Transaction costs from people "...joining markets".
Have you heard the joke about the customer's yacht?