Bot creator spotlight: Laika
Let’s find out, shall we?
Today, the spotlight is on the bot-creator team Laika: responsible for 16 (!) bots in the BOTS-app, and an additional 7 new bots going through their quarantine period.
The team behind Laika was already familiar with the BOTS app, and their enthusiasm made them decide to create a great number of bots for the app. “The BOTS app helped us to reach a wide range of investors that were willing to invest in our algorithms, in order to further professionalize our business.”
Even though there had always been an interest in financial markets, team Laika didn’t decide to expand until they created an algorithm to manage their own portfolios…
The first Laika algorithm was created
Steven Wisbrun, the man behind Laika, discovered his interest in programming and algorithms while studying his master degree in Quantitative Finance at Erasmus University. “We gained a lot of experience in programming and algorithms in general during our studies. The knowledge of algorithms and interest in financial markets resulted in writing theses about financial assets and some underlying stochastic relationships not visible on the surface, with exceptional academic supervision.”
“The crypto-market is relatively unestablished, leaving the opportunity to find certain anomalies and profit off of them.”
But it didn’t end there… “After developing these methods, we tried to exploit our findings by converting them to trading signals. This resulted (after a lot of backtesting, optimizing and setbacks) in our first actual trading algorithm, which we used to manage our own portfolio’s. The market is relatively unestablished, leaving the opportunity to find certain anomalies and profit off of them. Furthermore, due to the volatile nature of the underlying assets, it allows the algorithms to generate very large returns (if executed correctly). The results of these algorithms were quite successful, which is why we continued to not only develop different strategies but also searched for investors to grow the trading portfolio.”
Laika and the BOTS app
The BOTS app is a great platform for both users and bot creators. The community vibe is strong, and bot creators like Laika do all they can to connect with the users: “We try to keep close contact with our investors, to address any concerns they might have. We believe this not only increases the trust between bot creator and investor but improves upon the transparency that the algorithms might lack. We are grateful for the BOTS app for attracting such a large investor base, in a relatively short time!”
For the Laika-bots fans: no worries, team Laika will continue to provide the BOTS users with a variety of new bots: “We want to be part of this exciting journey and therefore we force ourselves to keep optimizing our provided algorithms. This makes the collaboration with BOTS very favourable! We plan to continue to improve our current algorithms, develop new strategies and grow our investor base!”
Advice to new bot creators
So what about Laika’s advice to new bot creators? “We believe it is very important to really understand why an algorithm makes a certain decision. It would be easy to simply throw a machine learning algorithm at some data, backtest it, and await what it will do trading live. Historical data is full of biases, so one must be very careful in interpreting these results. Incorrectly optimizing and backtesting on historical data can lead to substantially different results going forward.
“When not knowing exactly why an algorithm makes a decision, it can be very dangerous to use in live trading.”
“Furthermore, when not knowing exactly why a ‘black box’ algorithm makes a decision, it can be very dangerous to use it in live trading. Lastly, one should closely monitor the execution performance. As the trading portfolio grows, it gets harder to fill entire orders, so an algorithm should address these concerns and adapt accordingly.”
Join the BOTS community
Well guys and gals, that’s it for this round of Spotlight. Now, do you have any questions about the bots in the BOTS app? Please reach out to our support team. You can contact them right here. Or, if you’d like a quick fix, you can check the FAQ on our website, our YouTube channel or join other BOTS users at the BOTS Discord channel!
Are you an ambitious bot creator, and would you like to know how to get things started? Check our bot creator page!
BOTS is a tech company that has developed an app that makes it possible for anyone to start investing. You only need €50 to get started. BOTS uses automated trading strategies based on algorithms. We call these algorithms bots. These bots are tiny superheroes: they make automated investing accessible to everyone. With their help, you can invest in cryptocurrency within minutes — without any knowledge! And we’ll do you one better… In 2021, you’ll also be able to invest in stocks and other currencies through the BOTS app.
The app is free to download and quick and easy to install. BOTS currently operates in more than 15 countries, and by the end of the year, BOTS wants to be active in at least 60 countries and four continents.
Need any help with anything?
Even though automated investing is incredibly easy, you might need some time to find your way around the app and discover all the options. So if you still have questions wandering around your mind, or you just can’t seem to figure it out, please do not hesitate to contact the BOTS support department.
Don’t feel like calling our support team? Just head to the BOTS YouTube channel and browse through the dozens of instructional videos that may help you further. You are also royally invited to the BOTS Discord channel.
Ready to get started?
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.