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RandBots - Mario Randholm (President & CEO) - Ask Me Anything (AMA)
Mario Randholm, CEO of RandBots, will be monitoring this thread for any questions related to the RandBots products and services.
Please keep in mind that some customer service/technical support issues are best handled through proper channels.
RandBots is a system "diversifier" platform; trading a variety of listed products such as stocks, indexes, metals, currencies and their derivatives under multiple investment strategies. They have a unique slogan "AutoTrading, Verified".
Mario's background includes Randholm & Co in Lima, where he is the Managing Partner, main trader, and a strategy developer; investing in Stocks, Futures, FX, Commodities and Derivatives. Prior to this, Mario was part of a family office in Madrid, focusing on Wealth Management and development of an investment model, focused on consistency and liquidity.
Mario's experience also includes working with BBVA in Madrid at the Proprietary Trading Desk, managing his own portfolio as well as investing in proprietary and third party Hedge Funds. Mario also has various experiences with New York firms in Manhattan, including Merrill Lynch, as an Analyst and Trader.
Mario has an MBA from IE Business School in Madrid, and a BBA in Management and Finance from Adelphi University, New York.
Below I am embedding a short YouTube video clip that quickly introduces you to RandBots:
In addition to this thread, I will also be asking Mario to stop by on occasion for a casual webinar session so members can ask their questions and receive live feedback. The date/time of those sessions will be announced here in this thread.
Feel free to ask any questions below and we'll do our best to get them answered.
The futures io "AMA" (Ask Me Anything) series is by invitation only. The purpose of the thread is to provide easy access for forum members to engage with the service providers in the industry. RandBots is also a futures io site sponsor.
Mario Randholm's futures io username is @RandBots if you want to mention him or send him a private message.
It is my pleasure to welcome Mario from RandBots for a webinar on Tuesday, October 24th @ 4:30PM Eastern US.
The topic is "RandBots AutoTrading: Bots to diversify your trading", and bullet points include:
- Only learn from the best
- The only way to learn is to do it yourself
- Main issues that RandBots solved
- My goal is to make money for you
- Trading products and strategies
- Manual Trading vs. AutoTrading
- This is a marathon until your last trade
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,384
Thanks Received: 10,206
I am unable to attend the webinar but look forward to watching the recording.
I do have a couple of questions for Mario though.
1) When I look at the performance report of their systems it clearly states under the "About the results you see on this Web site" section that "These results are based on simulated or hypothetical performance results" and that "these results do not represent actual trading". Does this mean the results displayed are purely backtests? If not is there a way to know how much of the results are live vs theoretical?
2) Strategy "B Futures" shows nothing in its Monthly Performance Results for Feb'17 but the Hypothetical Performance Chart shows that there was activity. Please clarify. (I only looked at this Strategy may be similar issues with others).
Thanks for the important questions, here you have more info.
The disclaimer is clear. Hypothetical data is shown, those records are not audited and there are plenty of issues what the disclaimer solves with that message. There are multiple implications to publicly display performance around the world.
You need to understand the limitations and regulation of the financial industry and because we trade many markets around the world and some of those have different regulation. It is better to be in the same page.
Also its important that even if, and when, a strategy is trading live capital and has live subscribers also AutoTrading, there are no two different accounts that will ever have exactly the same performance.
Here you can review some factors that can make the performance of two subscribers different from each other.
A) Leverage: Subscribers can use different leverage to trade the same strategy; this will create two different track records.
B) Fills: Subscribers trading the same system can be filled at different prices. The system can sweep the bid and if there are not enough contracts for all subscribers (liquidity) the rest of pending orders will get filled at market price. This will create two different track records. By definition, they cannot be the same because there are in two different accounts.
I do not have an issue to show my personal records if we build a meaningful relationship.
Furthermore, I encourage you visit any strategy and to click on “Show AutoTrade data”, on the right side under the performance chart. Click on the icon just before the trade time. There you can view the clearing broker and fill price of the clients that are AutoTrading.
Regarding your second question,
Currently the site shows a dash ¨ - ¨ when the performance is flat for the month.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,384
Thanks Received: 10,206
Very much liked it. It seems that autotrading and autotrading sites are definitely gaining in popularity. While RandBots doesn't have the longest track record out there, it is longer than most, and the auditable CSV/trade files give you a lot more confidence than some of the competitors. I liked the fact that @RandBots wasn't afraid to highlight some of the risks, problems, and myths, answering many questions honestly, and sometimes in ways that the asker probably didn't expect, and didn't just paint the picture that Everything is Awsome.
As an aside I found it interesting that when I started watching the recording, less than 12 hours after @Big Mike posted it, that exactly 100 people had already watched (or started watching) it.
