NEW YORK, April 11, 2024 /PRNewswire/ — MachineTrader™ has launched a pilot program that allows college investment clubs to use MachineTrader’s sophisticated trading software for free during the school semester, allowing young traders to learn to create systematic trading programs without writing code.
MachineTrader™ debuted the program at California State University, Chico under the leadership Jaycob A. Arbogast, director of the Center for Excellence in Finance, where he oversees the Student Investment Fund. The fund manages a portfolio of real money and uses the university’s state-of-the-art FinTech lab. Arbogast said, “We are excited that our students have the opportunity to learn to use this new tool. They understand that systematic trading allows them to avoid the emotional pitfalls that often defeat traffickers.”
With MachineTrader™, students can create and test trading algorithms instead of making trading decisions manually. Previously, traders looking to automate trading strategies had to learn a programming language like Python or C++ and painstakingly write code to connect their software to the broker-dealer API.
The MachineTrader™ platform offers users the ability to create flow-based processes using a visual development interface enhanced by Open AI, enabling users to create complex programs without writing code. Powered by JavaScript, logic is written automatically as users drag, drop, adjust, and connect various “nodes,” which are color-coded by function. Once algorithms are in “flow” form, they can be exported as JSON files, making them easy to reuse or import/export for sharing.
MachineTrader™ has provided each member of the student-managed investment fund with their own, proprietary, scalable AWS cloud instance, which has a dedicated IP address and eliminates the need for expensive, potentially unreliable hardware. Any algorithmic strategy that a user develops remains fully proprietary unless they choose to share it.
The platform also provides low-latency trading aggregates (open, close, high, low) for all stocks and cryptocurrencies in one-second or one-minute increments. Data is displayed with powerful charting features, including popular technical indicators.
Currently, trades are made through registered broker-dealer Alpaca Markets, although the number of affiliated broker-dealers is expected to grow.
Subscriptions are offered at $49.95/month after a 30-day free trial and include a personal encrypted AWS application instance, asset and company financials, and opinion-rated news from 80+ publications. The free demo page can be accessed at MachineTrader demo (login: demo password: 110123). MachineTrader.io Inc is headquartered in New York City.
SOURCE MachineTrader.io Inc.
