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.