Algocrowd is a system that develops and tests trading algorithms 24/7. Users can download these algorithms and use them for trading, also known as speculating. Users who know how to program can contribute building blocks, i.e. small pieces of code which the Algocrowd AI (artificial intelligence) will use to find the trading algorithms.
You might say: "Why should I care? I do not speculate."
Well, that is most probably not true. If you own euros, dollars, pounds, gold, crypto currencies, stocks or anything else, you speculate. To own something and to not sell or exchange it, and that includes "normal money" (dollars, euros, pounds, ...), is to speculate. By not selling whatever you own you speculate that it will keep its value. In the case of "normal money" this speculation is most probably wrong.
Algocrowd enables anyone to use well-tested trading algorithms. By "well-tested" we mean that every found algorithm has been tested on 38+ years' worth of data and that various statistical tests, such as Monte Carlo simulations and Walk forward tests, have been applied to it.
Algocrowd allows users who know how to write software to only do the work that really needs to be done by humans. Why should humans do work that can be completely automated?
If you are interested in trying out trading algorithms, but have never used one: Don't worry, that's easy! We have a blog post that explains how to do this. And you can, of course, try out trading algorithms without risking money.
Before we can dig deeper into how Algocrowd works, we need to explain a few things.