Verified purchaser
1st Honest Review
Ok, so needless to say, Sumolings have been around the block a bit, and only 4 reviews all with 1 purchase all being 5 tacos, and all joined the same day looks SUS. Not saying you did anything, but it is not a good look. If you did, just don't.
With that said, I came here to review the saas, not your marketing tactics. Having purchased a few crypto saas's here, I feel I have a good entry level, none professional perspective. Firstly, I found the amount of pre-built strategies very limiting, (around 16 in total). Another negative, is that the long-term show ROI from 2020, yet the short term (one would imagine day trading or wow) also show ROI on 2020/2021, this data in not useful.
Second issue, I added my Kucoin, yet did not work with any of the demo strategies, even though they said available with all pairs. So went and connected my Binance. In fairness,, your demo walkthrough on this process was good. Keeping in mind, I am a novice, though have been trading a fair bit, backtesting has always been using previous data to test current strategies, but when I tried your backtesting, it seemed to be just doing current strategies, with fake money, did I miss something?
Which brings me onto my next issues, lack of tutorials., Your TA should be people like me, novices which know enough, yet not enough, hence we need your services, but if you don't walk us through your processes, explain what your calculator looking strategy designer does, explain how to backtest and demo all things, then I may as well just learn pinescript and create my own bot. I want to love you guys, but felt each option hit me with another confusing issue. It really feels like a case of not knowing your audience. I will try and persevere, but these are my initial feelings.
alinbreaban
May 9, 2024Hey,
Great feedback for the product. Thank you for that - this is what we’re looking for from the community. We are here to get ideas on improving our solutions for beginner traders looking to expand their toolset and automate (part of) their work.
Based on the feedback you provided, I believe your experience is super valuable. I would love to have a conversation together and get more insights from you. If you're open for a 30-minute call, you can always take a slot from my calendar here: https://calendly.com/alin_vestinda/talk
I will also explain some of the open topics in the review for the community to get more info on how Vestinda works.
Showing historical data for some of the more short-term strategies is valuable from our point of view. One can see how such a strategy performs in more variate market conditions. E.g., in the past 6 months, we had an upwards market. If we only show that information, the trader cannot know how the strategy would behave in a sideways or descending market. So it is relevant to see more to anticipate how the strategy would behave in the next few months.
Kucoin integration was released recently, and we hit some temporary issues. The team worked hard over the weekend and fixed that – so everyone can now use Kucoin for trading again.
On Backtesting and Demo Trading, please make sure you read some of the tutorials available in our Knowledge Base.
Backtesting is possible for all library strategies (and for strategies created by you). Backtesting is the process of testing a trading strategy or system on historical data, to evaluate its potential profitability and risk. In Vestinda you can get backtesting results in just a few seconds. Please read more about how to do it here:
https://help.vestinda.com/article/38-what-is-backtesting-and-how-to-backtest-a-crypto-trading-strategy
https://help.vestinda.com/article/66-how-to-backtest-a-strategy-from-library
Testing the strategies in the current markets with “fake money” is the process of Paper Trading (or Demo Trading). This is also available in Vestinda, and I believe this is what you tried. You can read more on how to trade in demo mode here:
https://help.vestinda.com/article/14-what-is-demo-trading-and-how-to-invest-in-demo-mode
https://help.vestinda.com/article/67-how-to-demo-trade-a-strategy-from-library
We are missing some of the tutorials indeed and would love to have a much better onboarding process. This is going to be a focus for the next period!
To make this better, I would appreciate it if you would accept the invitation and have 30 minutes with us for a deep dive into the product.
Again, I highly appreciate your feedback and you as a person for taking the time and offering your help for us to improve. I hope you are not trying to accuse our community of being dishonest though. Some great people helped us hugely until now, giving us their time and feedback and we value them a lot.
Thanks,
Alin