There are hundreds or thousends of trading bots available out there, from free to more or less big amounts they charge for. If they may be interesting to consider or not, to be honest, I havent thought about it much, because i wasnt convinced of black box systems since decades. I am still concinved, that a huge amount of money is necessary and even a couple of really high professional guys who are capable of programming a trading system properly. But the mess always is, you dont know if your approach is finaly succesful at the end. So you have to spent at least, for a beginning in a professional environment, 200-300K. With no guarantee of a profitable outcome at the end. And worse is, that at the end you realize you have to invest another 100K or 200 or even more to come to a profitable system. There are companies out there who are doin this in an insane professional way. Two Sigma for example, found by John Overdeck and David Siegel, as i remember they have more then 2000 people of stuff who are doin the job. How anybody can compeed with it? Obvious, if you made some billions in the past, it is easier in the future.
During the last months and years, the market for trading bots has developed enormously, and meanwhile, I changed my opinion to give these trading bots a chance, just to look at it! AI has a big influence there, even for myself, my hobby for developing a own trading system, because i know how to assess it, cant name it else then a hobby. But, i never developed so fast as in the last weeks and months, i never learned C#, properly, but chat GPT helps me in any questions with my half knowledge, and even my knowledge is increasing very fast. In the former days, you had to ask in the Ninjatrader forum and wait for a reply, most of the answers were just a refer to the reference book. You will always learn very good, if you are in need of something! I found so many faults and errors and got a tons of ideas how to get it better. Now,......i want to become more familiar with existing trading bots, to learn more and to meet more and different approaches. But......
UNFORTUNATELY !!!! .....nearly nobody shows informations, about the right question to ask! About the real important question to assess a trading system. Everybody are talkin about "performance", sometimes as stupid as just about the last days or only hours in the past. How the hell everbody is thinking that the past is anyhow a hint, that it will come the same in the future? Thats bullshit! The past is the past, and there is no security at all that it will happen in the future. And a past performance is not at all interesting for the future. ...... well yes, i polarize and provoke, just to wake you up, and i know that only some will understand.
So as an asset manager, what I am now for more then 2 decades, i always ask the same question, regardless if it is a property or stock or whatever investment. And, even for trading systems, i always ask the one who is showing his pitch. DONT TELL ME ABOUT HOW SUCCESSFUL YOUR SYSTEM IS!!!! TELL ME .........UNDER WHAT CIRCUMSTANCE THE SYSTEM IS NOT ..... repeat.. IS NOT WORKING! What market conditions has to occur, that the system fails. Thats the only thing i am interested in. THEN! i want to know what the fail does mean in cash and spending and if i can and will afford. Thats the decision you have to make for an assessment. Followed by the question, when, during the last years, has these circumstances take place in reality when and how often AND how likely is it that these market circumstances are happening again! That simple it is.
The market for trading bots is presumably bigger with Metatrader then with Ninjatrader, it may be worth to get to know it. Unfortunately, time is my limiting factor. My work for my clients takes a lot of time, of course besides playing golf and goin kitesurfing. ...... I predicted the property crisis in Germany three years before and protected my clients from loosing a lot of money and not get stucked in non tradeable assets.