I’m not clear why people would sell access to working algos, why not just trade them?
Hi Morpheous.
That’s a great question, and I understand why it might seem counterintuitive to lease out trading algorithms that work well. Here are several reasons why we believe it’s beneficial to do so:
1. **Capital Limitations**:
Even if an algorithm is profitable, our access to capital can limit how much we can earn. By leasing out the algorithms, others with more capital can also benefit from them, providing us with a steady income regardless of our own capital.
2. **Scalability**:
While our own trading is limited to the markets and times we can monitor, a leasing service can reach a wider audience and operate in multiple markets simultaneously, increasing the overall returns.
3. **Funding Further Development**:
The revenue from leasing is used to finance further research and development of new and improved algorithms. This creates a positive cycle where everyone benefits from better-performing algorithms.
4. **Market Testing**:
By leasing out the algorithms to different users, we receive valuable feedback that can be used to improve them. It’s a way to test the algorithms under various market conditions and with different trading strategies that we might not have thought of ourselves.
5. **Contributing to the Community**:
By sharing our algorithms, we help other investors achieve their financial goals. It’s a way to contribute to a larger investor community and create added value for more people.
We hope this helps clarify why leasing out trading algorithms is advantageous, even when they are successful in personal trading.
Many of our algos have free trial now. Try them and write back what you think.
https://market.prorealcode.com/store/nordicalgos/
Best regards,
NordicAlgos
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