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EquaMetrics to Launch RIZM: Algorithmic Trading Without Coding

Financial technology provider EquaMetrics has just brought to the market a new product that will make algorithmic trading available to all traders, regardless of their coding prowess. RIZM is a visual programming tool which promises to allow anyone to build their own trading strategy without the need for programming.

 

EquaMetrics has spent two years working on RIZM, and is now finally able to unveil its success to the public, for a nominal fee. The product will be offered with two subscription plans: $249 a month for unlimited access and $99 a month for 100 backtests, execution of five symbols per algorithm and the ability to run two live strategies at the same time. In exchange for this sum, users will be able to build a unique trading strategy by simply dragging and dropping widgets to set trading parameters, including technical indicators and even basic fundamentals. The resulting algorithmic strategy can then be backtested and executed via the could-based RIZM platform which has a live connection to the company's partners, FXCM and Interactive Brokers, through an application programming interface (API). For the moment, the platform supports trading in Forex, futures and equities, though EquaMetrics has promised to introduce additional products in the nearest future (as well as some more broker options). 

 

What EquaMetrics hopes to achieve with RIZM is "an intuitive, easy-to-use interface that will provide anyone – active professional as well as non-professional traders – access to a cloud-based platform for building, back testing, simulating and executing algorithmic trading strategies," or so Amr Mohamed, company CIO, tells us. However, we have to admit that they will be up against some very serious competition. Earlier this year, Dukascopy released a similar product named Visual JForex which also aims to allow traders with little or no programming skills to construct automated trading strategies and implement them in the broker's own JForex platform. FxPro was also quick to climb onto the automated trading without coding bandwagon with the launch of the FxPro Quant – another drag-and-drop tool, this time used for building Expert Advisors (EAs) for Metatrader 4 (MT 4).

 

Both of these products have been up and running successfully for a while now, and so far seem to be working out well enough. In contrast, RIZM has so far proven to be more of a frustration than an advantage. Even signing up for the free trial (or registering at all) is turning out to be a challenge. After unsuccessfully trying to achieve this feat of endurance for an hour, I have now become fed up with waiting for the registration form to be processed and am giving up. In any case, I was not exactly thrilled to have to provide my credit card info and choose a subscription option when I was actually promised a free two-week trial. I mean, both Dukascopy and FxPro's offers were free to use and test, and here is EquaMetrics, asking me for a $99 free demo. Dictionary, anyone? I certainly hope the company can bring RIZM up to par as soon as possible, or their two-year effort may very well go completely to waste.

 

TAGS: equametrics  rizm  algorithmic trading  algorithmic strategy  programming tool  visual programming tool 
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