Announcing TraderKit, Now in Closed Beta!
Summary
If you prefer a shorter version of the post, click here.
Motivation
Over the past six months, I’ve been working on a tool that would enhance my trading experience following years of having to jump through multiple tools and having to configure a lot just to execute specific trades. As a developer, I tend to prefer using Linux or MacOS. However, as many of you who might have experience with either platform and are traders, it might not come as a shock to find out that there hasn’t been great support for two of the most common trading terminals in the world; MT4/5 and CTrader.
While the aforementioned platforms are great and provide fast execution for trades, they do not tend to be that polished in as far as market analysis is concerned. The same also goes for coding custom strategies. As a result, platforms such as Tradingview have grown to dominate the industry as a majority of traders’ favoring analysis platforms.
As an avid user of Tradingview and a pained user of MT4/5 and CTrader on Unix systems, it has been quite the hustle trying to setup the trading terminals (mostly requiring the use of Wine, Parallels or other Virtualization tools to get things going). Additionally, one is often forced to first analyze the markets from Tradingview, and then execute the trades on another platform.
The need to constantly switch, have virtualization software installed, and having several windows open just to execute trades led me to try and find other services that could allow one to establish links between the platforms to ease my trading experience. In the next section, I’ll cover some of the range of tools that exist and how this fueled the need to craft a solution that could fit my and potentially your needs and daily workflow.
Exploration
Following my deep-seated yearning for optimization and trying to find a solution that could make trading for fluid in as far as integrating with my workflow goes, I decided to do a deep dive in the internet to find alternatives. Being a developer, I first focused on tools I could customize extensively to make them my own. While this worked at first, they all came with significant maintenance demands that I could not meet at the time.
As a result of this minor setback, I decided to explore paid solutions. Most of these ranged from some that could send alerts to your MT4/5 and would execute trades (provided the alerts were set up correctly). In this case, most of these, and actually, all the other tools I found required one to keep their own version of MT4/5 running locally or on a VPS. Additionally, you had to install an Expert Advisor (EA) which would capture the alerts, parse them and execute the resulting commands on your terminal.
At first, this seemed like an elegant solution. It would allow me to focus on analysis on Tradingview and only setup alerts if and when I needed to execute trades. While this worked for a time, I ended up having to also spend time setting up the terminal on my device. When I grew tired of that, also handling maintenance of a VPS I ended up running to keep things on Windows. Essentially, all these approaches would require some level of downtime, if you wanted to get up and running fast or in some cases, handle any troubleshooting work yourself if and when anything came up.
I have to mention that there were services which offered support whenever issues came up, but this came at an additional cost. With all these concerns, I started exploring the potential of a single service that would host all these terminals, supporting all brokers, and all one needs to do is to add their account and they are set. A platform that would allow one to send trade commands from anywhere without the need to trigger alerts. A service that could pick out the trade settings from Tradingview Buy and Sell tool, and all you needed to do is to click on a button to execute the trade. No MT4/5 or CTrader installation, no virtualization software, and no need to keep the software up to date. This was the inspiration for TraderKit.
Introducing TraderKit
TraderKit is my answer to the above concerns and more. With the TradeApi as the first service it offers, the platform aims to build tools that will make it easy for traders to focus on what they do best, while it makes every trade count. The first service that is currently in closed beta has several cool features that do just that.
Imagine yourself spotting a trade while performing your market analysis on Tradingview. You set up the trade using the Buy and Sell tool, and once done, you just click on a browser extension and all your parameters are populated. But that’s not all. Once you confirm your trade parameters, you just click Execute and without having any trading terminal installed, your trade is executed.
But wait, there’s more. You have your alerts setup on Tradingview and you are leaving for work. While on your way there, you receive a Telegram push notification asking you to confirm the trade with all the parameters you had set populated on the message. For those who wouldn’t need to confirm their settings, there’s an option to just execute without confirming any execution details.
The service also allows you to;
- Setup a trade directly on Telegram and execute it.
- Execute a specific trade on multiple accounts at the same time
- Get execution notifications on Telegram.
- And many other features.
This is not all though. We have a lot of features planned as outlined in our Roadmap. Some features include Copytrading, Adding CTrader support, Subscribing to price feeds (i.e. setting up price alerts), EA uploading and execution to specified accounts, and many more.
Waitlist
For those interested in the project, we welcome you to join our waitlist here. We will be providing access to the platform on a rolling basis in the coming weeks. All members will also be able to make feature requests that will be considered for our Roadmap. Additionally, they get a sweet discount to the subscription once pricing details have been ironed out. If you are selected to participate in the beta, you’ll receive an email invitation to get started.
🚀 Click here to signup for the TradeKit beta and get early access!
Feature List
- Seamlessly forward Tradingview alerts to your favorite messaging platforms.
- Execute trades from Tradingview alerts straight to MT4/5 (CTrader support coming soon!).
- Effortlessly extract trade settings with our cutting-edge browser extension.
- Personalize your trading experience with customizable trade confirmation options.
- And stay tuned for even more jaw-dropping features — check out our Roadmap for a sneak peek!
