Useless for quantitative trading
I wanted to use this for quantitative trading, unfortunately (as of August 2025) I can only advise quantitative traders (not market makers) against using this software. They did implement something called "V2 Strategies" which is supposed to enable people like me to write custom strategies, but as of now there is no way to backtest them and thus the feature becomes essentially useless.
There are two methods which they are promoting on their website to backtest these new "V2 Startegies".
- The first and intended way is using the dashboard, which seems like a straight forward process at first, but only until you realize that the dashboard only allows for backtesting of their pre-written example strategies.
- The second way they promote is to use a jupyter notebook template called "quants-lab". This again seems like a good solution at first but it has no documentation (except for a completely haphazard YT live recording from one of their cohorts) and the project seems abandoned.
- It's a bad idea to backtest on a different platform since this leads to the well-known re-implementation problem.
The bot seems to function primarily for market making. The fact that they actively promote usage for quantitative/algo trading and support for custom strategies first thing on their website is a misleading claim imo. I've seen a GitHub issue where somebody went through all of the documentation and wrote an entire strategy just to get a "Backtesting using custom script is not yet available on our dashboard". I myself wasted a bunch of time trying to use this for quantitative/algo trading that I would like to have back.
