My understanding is that this is not possible due to legal requirements i.e., this is limited to business entities. Can someone point me to as to where can I read about this legality?
I am sure many people agree how antiquated it is, especially when psychology and risk management are such important aspects around trading.
Finally, is there someone out there who is actively working to ensure laws are appropriate in this regard?
I still assume if someone just offers something similar to an SDK, when a user actually utilizes that SDK to create a trading bot for themselves, it shouldn’t matter, and the law cannot apply. Will that be correct?
Streak would be a close cousin, however, even they require manual intervention. DDPI solves a different problem.
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Worthwhile only if one can truly build an unbiased strategy.
The problem is that automated trading doesn’t eliminate biases.
It merely shifts their manifestation.
Biases influence strategy design and implementation.
They creep into parameter settings and risk management.
Overconfidence in automation is a common pitfall.
Sorry if I wasn’t clear. I’m not talking about any strategy here. I’m not even talking about a particular algorithm that one wants to use.
My pure focus is a system where one can build whatever strategy they want if the tools that they are using are mature enough.
The dilemma there would be even if we are not building any strategy or any algorithm and we are not selling anything because all those things can be controlled at the system level and even if we can promote open source knowledge sharing and not investment advice, in my view, the current law is still against that. Isn’t that true?
And building a system can be done in an unbiased way because we would be building that on a different level of abstraction.
There are some really powerful fully automated trading systems where one can build whatever they want end to end. For what it’s worth, one can implement a poor man’s version of this on their own by using the broker provided Sdks.
If you’re just building your own bot for personal use with an SDK or something.
You’re probably fine as long as you’re not selling it or breaking any broker rules. But when it comes to offering it publicly or sharing it widely, that’s where the laws can get messy—things like licenses and investor protections start coming into play.
I’ve been messing around with tools like quantum ai investment, which automate a lot of the trading process. It’s been cool to see how much you can set it and forget it, though I still keep an eye on things. It makes trading less of a daily grind.