InovanceTechnologies' Machine Based Learning Platform, TRAIDE, Launched to Public Beta
- Adapting its machine learning trading algorithm for the retail trading industry is InovanceTechnologies release of TRAIDE. The product allows traders to filter for the best combinations to create automated strategies.
Last year, we wrote about InovanceTechnologies, a US based Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term that was creating TRAIDE, a machine-learning trading platform. Using technology found in block-box algorithms at hedge funds and institutional proprietary trading desks, TRAIDE was founded to allow users to create and deploy automated strategies. Using machine learning, the platform would then adapt deployed strategies to changing market conditions.
After over a year of beta testing with traders and funds, TRAIDE has recently made its public beta launch. Being released is the retail-focused interface, which allows for strategy discovery using machine learning for backtesting, but without features that adapt the algorithm as the market changes.
TRAIDE is similar to other automated strategy builders in that it offers a drop-down-like interface for creating algorithms for non-developers. Where it differs from other products is with its backtesting. Users choose between various technical indicators and fundamental news items. TRAIDE then back tests the indicators and news to reveal which combinations provided the best results. For example, users can choose the MACD and RSI indicators. TRAIDE then shows which combinations of RSI and MACD levels provided the best long and short results in the past. Users then choose the most profitable levels for the indicators to build their long and short strategy. Profitability results are calculated using the closing of trading for the next completed duration period.
Upon selection of the strategy, the results can be exported, adapted and developed as code for trading automatically. Currently, Inovance is finalizing a new version of the platform to allow for automatic exportation of strategies in MQL code for immediate deployment as Export Advisors on the MetaTrader 4 platform. Inovance has also partnered with MQL developers for users to customize development of their strategies. For EA traders, this offers the ability to add further exit strategies such as a longer duration of the trade.
Overall, the product is aimed at taking the guesswork out of having to backtest individual strategies by indicator level as the interface plots expected results across multiple technical-analysis price levels. Explaining the advantage of their visual reports and interface, Justin Cahoon, COO at InovanceTechnologies, said to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that “traders have a much better chance of finding a successful strategy by using TRAIDE’s Machine learning algorithm to find strategies than using conventional analysis.”
As part of TRAIDE’s public beta launch, InovanceTechnologies is participating in the free Forex Magnates beta testing program where they hope to gain user feedback on the interface and usability of the product. To signup to beta test TRAIDE and other new products, click here.
Last year, we wrote about InovanceTechnologies, a US based Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term that was creating TRAIDE, a machine-learning trading platform. Using technology found in block-box algorithms at hedge funds and institutional proprietary trading desks, TRAIDE was founded to allow users to create and deploy automated strategies. Using machine learning, the platform would then adapt deployed strategies to changing market conditions.
After over a year of beta testing with traders and funds, TRAIDE has recently made its public beta launch. Being released is the retail-focused interface, which allows for strategy discovery using machine learning for backtesting, but without features that adapt the algorithm as the market changes.
TRAIDE is similar to other automated strategy builders in that it offers a drop-down-like interface for creating algorithms for non-developers. Where it differs from other products is with its backtesting. Users choose between various technical indicators and fundamental news items. TRAIDE then back tests the indicators and news to reveal which combinations provided the best results. For example, users can choose the MACD and RSI indicators. TRAIDE then shows which combinations of RSI and MACD levels provided the best long and short results in the past. Users then choose the most profitable levels for the indicators to build their long and short strategy. Profitability results are calculated using the closing of trading for the next completed duration period.
Upon selection of the strategy, the results can be exported, adapted and developed as code for trading automatically. Currently, Inovance is finalizing a new version of the platform to allow for automatic exportation of strategies in MQL code for immediate deployment as Export Advisors on the MetaTrader 4 platform. Inovance has also partnered with MQL developers for users to customize development of their strategies. For EA traders, this offers the ability to add further exit strategies such as a longer duration of the trade.
Overall, the product is aimed at taking the guesswork out of having to backtest individual strategies by indicator level as the interface plots expected results across multiple technical-analysis price levels. Explaining the advantage of their visual reports and interface, Justin Cahoon, COO at InovanceTechnologies, said to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that “traders have a much better chance of finding a successful strategy by using TRAIDE’s Machine learning algorithm to find strategies than using conventional analysis.”
As part of TRAIDE’s public beta launch, InovanceTechnologies is participating in the free Forex Magnates beta testing program where they hope to gain user feedback on the interface and usability of the product. To signup to beta test TRAIDE and other new products, click here.