As an algorithmic trading firm, this will be a GODSEND for us when all our algos are implemented. I haven't been this excited about a platform launch in a long long time.
Pros:- Super easy to use, very responsive and helpful team. - TradingView support coming soon (this is huge)
Cons:- Still a bit early in the stage, but from the looks of it the team is motivated to make lots new features quickly.
for data nerds like me, building the strategies might get a bit addictive :D
Pros:super intuitive
Cons:a bit pricy, but still worth it tbh
I've used ~ 10 trading systems ranging from low-level libraries to bot scripting tools to paid signals groups. This is the best of all worlds.
Pros:Simple, powerful strategy creation tools. Backtest/paper trade any strategy. Excellent support, transparency.
Cons:Name? ;-)
@imrgoyal 1. "We shall retain 30% of the Marketplace Payments and transfer 70% " 2. "We make no claims concerning whether the Content may be downloaded, viewed, or be appropriate for use outside of the United States. If you access the Site, or the Content from outside of the United States, you do so at your own risk. " When Mudrex launched today and within the first 2 hours got over 100 likes and 6 reviews, all positive, I was intrigued, especially since only yesterday, the much awaited and publicized Facebook Libra launch got only HALF those numbers in the same time span. My statistical brain was intrigued so I decided to dig, sensing potential foul play. When I then noticed that a lot of the upvotes were from new users and half of the positive reviews were from users who had never upvoted or had any prior activity on PH, things got interesting. The Mudrex launch was not a casual affair: it was carefully timed to coincide with Facebook’s Libra and ride that wave. To wit, the HUNTER of Libra yesterday is one of the MAKERS of Mudrex today. For those who know, I do in depth reviews so “here we go again”. In the comments below, I show how Mudrex although explicitly soliciting users from across the globe, is legal and made for US users ONLY, which right now form less than 30% of their overall user base. Then there is the issue of jeopardy to users who are using a product that may lead to criminal liabilities. Then I dissect the questionable business practices of charging 30% commissions AND piggybacking off users’ trading strategies. Finally, I show some of the numerous security flaws in the product itself. For the Mudrex guys(since I didn't see any female employees listed): please take these as learning points and constructive criticism. Yes I am somewhat direct but this is free feedback. I hope you can use these to make changes and better the product as it IS an interesting idea.
Pros:Good idea but terrible and questionably unethical execution.
Cons:1. 30% commissions: ridiculous. 2. For US users ONLY. 3. Mt Gox like security issues. 4. Unethical vote stacking and fake reviews.
This is my first trime trying out algorithmic trading but it was super easy for me to adopt new strategies and try them out. Highly recommend someone who is new to this.
Pros:Super easy way to do algorithm trading and learn from other pros.
Cons:none
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