Hi there, I read your WP but certain things are still unclear to me:
1. So you are making a marketplace for trading algorithms - are there any special requirements for algorithm creators? How you make sure that they are skilled enough?
2. Same question but for traders - what are the requirements to participate as a trader? Do you have to be registered or smth?
3. And the auction process looks like? Is it the part where blockchain kicks in?
Thanks
Hello and welcome!
1. So you are making a marketplace for trading algorithms - are there any special requirements for algorithm creators? How you make sure that they are skilled enough?
Anyone can be either a creator or an investor.Creators are trading algorithms developers. With Tradingene web-platform they design and test their algorithms to put them up for an auction and raise capital.To become a creator please register at tradingene.com. Our platform is running in a demo mode now, being available for everyone. If you want to try your own strategies, please send us a request via the tradingene.com/join page.The recommended creator's fee is based on algorithm's rating calculated after the out-of-sample tests.Algorithms are tested automatically with out-of-sample data. Thus we decrease the number of curve-fitted algorithms which may end up being on an auction.
2. Same question but for traders - what are the requirements to participate as a trader? Do you have to be registered or smth?
Traders are those who provide capital for trading algorithms through our auctions. All trading transactions of any algorithm are made on traders accounts.Algorithms are tested automatically with out-of-sample data. Thus we decrease the number of curve-fitted algorithms which may end up being on an auction.
3. And the auction process looks like? Is it the part where blockchain kicks in?
After you found an algorithm that fits your requirements you should click the «Participate in the Auction» lbutton and pay the auction entry fee. The bid is immediately saved in the blockchain datastore so that everyone could see the number of bids made (yet not the details of the bids. Best combinations of investment sum and creator’s success fee win the auction. After the auction encrypting keys will be available for everyone to make it clear that the auction was perfectly fair. Yet we do not disclose the names of the bids authors.The outcome of any auction will be immediately available to all participants after it is over. We do not disclose the bids authors. The winners are offered to make a smart-contract with the creator.All trading transactions are made on your account. Creators don’t have access to investors accounts.