A 'Strategy' is a combination of various conditions that define when to buy or sell a particular asset based on predefined algorithms to trade. For every trading strategy, one needs to define assets to trade, entry/exit points, and money management rules. Bad money management can make a potentially profitable strategy unprofitable.
Algorithmic Trading strategies are based on fundamental or technical analysis or both. They are usually verified by backtesting, where the process should follow the scientific method, and by forward testing a.k.a. 'paper trading' where they are tested in a simulated trading environment
The Mudrex platform enables users to make Algorithmic trading strategies without writing code.
Mudrex provides the Visual Strategy Builder, which is a simple drag-and-drop tool to rapidly create and iterate on strategies.
Below is an example of a simple Algo that a user can create
- Buy when the price drops by 2%
- Sell when the price rises by 3%
This Algo, when converted to a strategy using the strategy builder, looks like:
Users can choose from over 150+ indicators and candlestick patterns to create millions of strategies. Users can backtest these strategies to optimise them across different asset classes and further trade (paper and live) on the supported exchanges.