Use Modern Technology to Become an Algorithmic Trader

Developing a Premium Trading Platform Plan that’s worth the money

Use Modern Technology to Become an Algorithmic Trader

My AI-Powered trading platform WILL transform you into an algorithmic trader.

It does this by guiding you step-by-step through the process of developing, evaluating, and deploying algorithmic trading strategies.

A custom trading strategy developed in NexusTrade

While developing this platform, I’ve run into a conundrum. While hosting this platform is expensive, I don’t want to make the platform inaccessible to newer investors who may not know much about retail algorithmic trading.

Thus, I made the decision to make NexusTrade a freemium app.

A freemium app is an app that has basic features for free of charge, but premium features are available for purchase.

The pricing tiers within NexusTrade

While the free version of NexusTrade is capable of giving you a taste of algorithmic trading, it has a number of (fair) restrictions to keep the cost of running this platform down. For example, the free version of the app is limited in the total number of messages you can send to Aurora, the AI Assistant.

Aurora, the AI Trading Copilot

This article will explain the main differences between the free tier and premium tier of NexusTrade. I hope to answer how the free tier is suitable for newer investors and why the premium tier will literally transform you into a better trader. These lessons can be applied whether you’re a long-term investor or an active daytrader.

There are 4 primary differences between the tiers

• The trader’s interaction with Aurora, the AI Trading Assistant
• Better backtesting features, including the genetic optimization engine
• The quantity and complexity of the trading strategies
• Access to historical fundamental data

Limited Time promotion expiring April 30th

If these features convince you, I’m running a limited time promotion. If you enter the coupon code STARTERPACK2 for NexusTrade Starter Pack, you’ll get your first month for just 2 dollars!

Aurora, the GitHub Copilot of Algorithmic Trading

The best way to describe the utility of Aurora is to think of GitHub copilot. Like how Copilot is a programming assistant embedded in VSCode, Aurora is an Trading Assistant embedded into NexusTrade. Aurora makes it simple to develop algorithmic trading strategies and perform financial research.

Aurora creating an algorithmic trading strategy portfolio

The free tier of the app allows you to send 20 Basic (GPT-3) messages to Aurora in total. She will help you generate a strategy, answer questions about algorithmic trading, and more.

However, the premium version of NexusTrade is much more powerful. Not only do you get a large daily allotment of messages, but you can also access the Advanced (GPT-4) version of Aurora.

The GPT-4 version of Aurora

The Advanced version makes fewer mistakes, can have longer conversations, and has more detailed explanations for your questions.

This combination enables Aurora to be an effective copilot for advanced traders. Like how GitHub copilot allows you to code faster, Aurora will streamline the process of deploying algorithmic trading strategies and performing financial research.

Building a Better Backtesting Engine

Even though backtesting is extremely valuable and could be considered a premium feature, it’s relatively cheap to run in NexusTrade. Thus, I made the decision to allow for unlimited backtesting, regardless if you’re on the free tier or premium tier.

However, premium users have a couple of nifty options that are more suitable for a more advanced algorithmic trader. For example, they can download backtest audits, which shows a day-by-day playback of why the decisions were made in the backtests.

Downloading a backtest audit, which shows why decisions were made

Even more important, premium users have access to the genetic optimization engine.

The Genetic Optimization Dashboard

This feature is one of NexusTrade’s most powerful. It allows users to automatically find the best parameters of their strategy depending on the user’s wants and needs.

This saves the users HUNDREDS of hours. No more trying to manually update the parameters and executing hundreds of backtests. You can now find the best parameters automatically as you focus on more important aspects of developing your trading strategy.

While these backtesting enhancements for premium users are valuable for advanced traders, the core backtesting functionality available to all users is still extremely robust and more than sufficient for most retail algorithmic traders just starting out.

Quantity of Complexity of Strategies

One of the key advantages of the premium tier is the ability to create and manage a greater number of trading strategies. While free users can develop and backtest up to 3 portfolios with up to 10 strategies, premium users can create up to 1000 portfolios, each containing up to 250 strategies!

The limitations of the free tier for creating strategies

This is extremely useful. For example, with the premium version, you can have 5 different portfolios focused on maximizing long-term investment gains, while another 5 portfolio daytrades using different strategies including leveraged ETFs or volatile tech stocks.

This increased capacity allows for more diversification and experimentation, enabling premium users to fine-tune their algorithmic trading approach and potentially discover more profitable combinations.

Harnessing the Power of Historical Fundamentals

Another significant benefit of the premium tier is access to historical fundamental data. While free users can view current fundamentals for the assets they are trading, premium users have the ability to analyze how these fundamentals have changed over time.

The change in Net Income for NVIDIA

This historical perspective is invaluable for understanding the long-term trends and cyclical patterns that drive asset prices. By studying how key metrics like revenue, earnings, and cash flow have evolved, premium users can make more informed decisions about which assets to include in their algorithmic trading strategies.

Furthermore, the ability to correlate historical fundamentals with past price action enables premium users to develop more nuanced models for predicting future market movements. This level of analysis is essential for creating robust, data-driven trading strategies that can withstand the test of time.

Conclusion: Empowering Retail Traders Through NexusTrade’s Tiered Approach

The pricing tiers within NexusTrade

NexusTrade’s freemium model strikes a balance between accessibility and advanced functionality, ensuring that both novice and experienced algorithmic traders can benefit from the platform. The free tier serves as an ideal entry point, allowing users to explore the world of algorithmic trading without a significant financial commitment.

Through the intuitive interface and the assistance of Aurora, even those new to the concept can quickly grasp the basics and start developing their own strategies. As users gain confidence and seek to expand their algorithmic trading capabilities, the premium tier offers a wealth of powerful tools and resources. From the advanced version of Aurora and the genetic optimization engine to the ability to create multiple portfolios with complex strategies, premium users have everything they need to take their trading to the next level.

The access to historical fundamental data further enhances their ability to make informed decisions and develop robust, data-driven strategies. By providing a tiered approach, NexusTrade democratizes algorithmic trading, making it accessible to a wider audience while still catering to the needs of more sophisticated traders.

As the platform continues to evolve and innovate, it is poised to revolutionize the retail trading landscape, empowering individuals to harness the power of algorithms and compete in an increasingly complex financial market. Whether you’re just starting your algorithmic trading journey or seeking to refine your skills, NexusTrade offers a compelling solution tailored to your needs and ambitions.

Limited Time promotion expiring in 2 and a halve days

If you’re interested in trying out NexusTrade Premium, now is the time to do it. If you enter coupon code STARTERPACK2 for NexusTrade Starter Pack, you’ll get your first month for just 2 dollars!

This is a 90% discount, and it won’t last long. See for yourself the difference automation and AI makes for your trading.

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