[ANN] Finestel - Trading Automation for Professional Traders & Asset Managers

[Myleschetty]

The only case you must duplicate your strategies on, is when you want to run the strategy on different exchanges. If you want to run a stratgy on Binance, and OKX for example, you must run it on at least 1 account on Binance, and 1 account on OKX. Then you can run that strategy on multiple accounts on Binance and OKX.

Ok. For multi pair strategies let say 50 to 200 symbols with TWAP fan out, what’s the sustained throughput per worker, are we talking hundreds or thousands of orders/min before queueing kicks in? How do you handle websocket drop rates above appr 1, 2% during volatility, which is where many copiers start drifting state or missing fills?

[CroverNo01]

Thanks! I should clear sth, that we don't offer a but that "detects" trading opportunities itself. Your signal can do it and send it to our signal bot and it can execute orders on all of your accounts as said.

From what I understood here, your system doesn't automatically scan the market for trades, the person who wish to use your bot need to have his or her own signals or a source for signals. and then your bot excute the trade automatically across all the person trading platform, after detecting the signals.

if that is the case then, your system is not for those who are just getting started with trading, Your system is for those who are experts or experience traders, Because your bot just receive information and then act base on the information that was been sent.

Frankly speaking, I was think that your bot scans the market for trades, and then Excute those trades according to clients balance, and instructions.

Exactly
I think it was also made clearly that, they their services are for professional traders can't recall which of the threads it was made obvious and I think you're also on same understanding with me because I would love to know if their bot scans the markets and help execute trades or only just act on instructions and commands

[Joy- maker]

I think you're also on same understanding with me because I would love to know if their bot scans the markets and help execute trades or only just act on instructions and commands

Assuming you read my comment carefully, you should have understood better and not repeat same question that was already answered. At first, I was thinking that there bot scans the market for trades, and then Excute it across client trading platforms, base on client balance and instructions,  But the OP explained opposite. And their system is specifically for experienced traders, not for beginners. But, that doesn't mean that beginners can't make use of their bot. Beginners can make use of their bot, provided they have their own signals or a third party who provides them with signals.

[Finestel]

Thanks! I should clear sth, that we don't offer a but that "detects" trading opportunities itself. Your signal can do it and send it to our signal bot and it can execute orders on all of your accounts as said.

From what I understood here, your system doesn't automatically scan the market for trades, the person who wish to use your bot need to have his or her own signals or a source for signals. and then your bot excute the trade automatically across all the person trading platform, after detecting the signals.

if that is the case then, your system is not for those who are just getting started with trading, Your system is for those who are experts or experience traders, Because your bot just receive information and then act base on the information that was been sent.

Frankly speaking, I was think that your bot scans the market for trades, and then Excute those trades according to clients balance, and instructions.

You got it perfectly right!

[Mr Reporter]

From I have head so far when running an multiple account you should be more carefree understanding the one master should be very careful..,

Well and if something feel more off, can any user immediately pause or try to disconnects without even waiting for support or something..

Honestly speaking the concept matters a lot in real market conditions..

[Silverstonez]

Recently came across this thread, which I took my time to explore the Finestel system. I must say this, that their system is quite a unique one, especially for users who manage multiple accounts or trade across different exchanges, and Even for me who mostly trades spot and had breaks from trading.

Further more, the system makes it easier to organize strategies without constantly monitoring every exchange manually, And feature that caught my attention are the bulk order execution and trading groups features, Where users can manage groups of accounts independently

Well I am Looking forward to test further and see how all these tools can simplify complex trading setups, keep everything transparent and well monitored.

[Joy- maker]

From I have head so far when running an multiple account you should be more carefree understanding the one master should be very careful..,

Well and if something feel more off, can any user immediately pause or try to disconnects without even waiting for support or something..

Honestly speaking the concept matters a lot in real market conditions..

You just raised a valid point here, because running multiple accounts under one master is not something that should be treated casually.

For me, the master account should be handled with discipline, because with one wrong mistake those account that are connected to the master account will be affected and clients will suffer heavy lost.

Furthermore, clients must have full control over their funds, just in case anything looks unusual or risky they should be able to pause or disconnect immediately without waiting for support, why because risk management and quick decision making are extremely important in real market conditions.

[Myleschetty]

How are access rights handled internally when multiple strategies and operators are involved?

If an internal component or automation misfires what prevents it from cascading across all linked accounts?

[Finestel]

From I have head so far when running an multiple account you should be more carefree understanding the one master should be very careful..,

Well and if something feel more off, can any user immediately pause or try to disconnects without even waiting for support or something..

Honestly speaking the concept matters a lot in real market conditions..

That's a very good point raised. On our custom plan (enterprise) you have access to the business suite, which gives you numerous manual action controls over all your connected accounts and all your clients' connected accounts. You can disconnect them, you can stop the orders. You can pause them and much more. All these are developed for such scenarios.

[Joy- maker]

That's a very good point raised. On our custom plan (enterprise) you have access to the business suite, which gives you numerous manual action controls over all your connected accounts and all your clients' connected accounts. You can disconnect them, you can stop the orders. You can pause them and much more. All these are developed for such scenarios.

Thanks for this clarification, because having that level of control on the enterprise plan definitely add confidence, especially when managing multiple clients account.

And the ability for clients to disconnect accounts, pause execution or stop orders manually is crucial in real life situations where things don't always go as expected.

And to be frank with you, this shows how your platform is not just focused on automation, but also on giving advisors proper risk control when needed.

And In fund management having a reliable emergency brake can make all the difference.

[Promocodeudo]

We're working on launching DCA, grid, and other popular strategies as templates. Right now it's more of an execution bot for any kind of strategy you have and can send a signal.

Good to hear this, I think these are areas where some persons if not most persons will be interested in, please you guys should do, in whatever services you render there are persons that have areas of interest and if such areas are not captured, it will make them feel reluctant to fit in, am not saying other features you got aren't important or does not serve good purposes nah nah nah, although you have mentioned what I wanted to hear, I'm looking forward to see the implementation of such features.

[Myleschetty]

Many exchanges have API latency, inconsistent data and rate limits problems, this can cause delayed fills or missed orders during volatile moves, and even outages like we have seen with Coinbase disruption recently

can your platform help manage these issues reliably across accounts?

[Itz-prisigold]

From I have head so far when running an multiple account you should be more carefree understanding the one master should be very careful..,

Well and if something feel more off, can any user immediately pause or try to disconnects without even waiting for support or something..

Honestly speaking the concept matters a lot in real market conditions..

That's a very good point raised. On our custom plan (enterprise) you have access to the business suite, which gives you numerous manual action controls over all your connected accounts and all your clients' connected accounts. You can disconnect them, you can stop the orders. You can pause them and much more. All these are developed for such scenarios.

In copy trading and multi account management, the biggest fear a lot of people have is market volatility, and people are also worried about getting stuck when things are starting to go south. I think this concern is totally justified. In real market scenarios, things could change in the blink of an eye, and being able to change your actions in real time is paramount.

I also want to acknowledge the Finstel team for their clarification, the fact that the enterprise plan adds manual controls such as being able to disconnect accounts, pause orders, or stop execution shows that some risk management thought was put into the system, this is quite so thoughtful of them.

In my opinion, any multi account trading platform needs to emphasize flexibility, and emergency control options. Automating things is nice, but having an unautomated overriding system is an incredible safety hazard. With the uncertainty of the market, it is nice to know that there is a business suite that allows for manual control.

[CroverNo01]

I am also curious to know what would be your actions when there are rate limit problems and inconsistent data which probably might cause late or delayed fills and make a trader miss his order when volatility is high, as well as outages which we have seen with some exchanges in recent times, what role will your platform play in cases like this and will thy also help in managing this kinds of issues across these accounts ?

[Joy- maker]

I have been looking into finestel, and frankly speaking the platform looks structured and professional on the surface, I think there are some important questions that need to be clear before anyone commits funds or build a business around it.

Here is my question, how exactly does your platform copy trading execution work?  can followers set their own risk limits like maximum drawdown or position caps? Lastly, how does your platform deal with slippage between master account and the followers?

[Silverstonez]

My question is regarding security, because you stated it that the finestel system connects through APl keys, so how are those keys stored and protected? Are the keys encrypted properly?

What about your compliance status because I am not sure wether your system is officially registered or operating under any recognized regulatory framework.

I also need some clarification on asset managers planning to use the white label solution, how do guys help with legal compliance in different jurisdictions?

[CroverNo01]

Since you guys said that your services fit professional traders, you also ought to know that these professionals take edge cases seriously and I want to know if an exchange changes tick size or minimum notional suddenly without any prompt, will your your system adjust to it  automatically and mnid you, you'll also agree with me that professionals and trading in general would appreciate Operational stability is more important than features.

[Itz-prisigold]

My question is regarding security, because you stated it that the finestel system connects through APl keys, so how are those keys stored and protected? Are the keys encrypted properly?

What about your compliance status because I am not sure wether your system is officially registered or operating under any recognized regulatory framework.

I also need some clarification on asset managers planning to use the white label solution, how do guys help with legal compliance in different jurisdictions?

Security and compliance along with proper guidance is critical when using any trading system, particularly those that offer multi account management and API integration capabilities. It would be great if the Finstel.com team could spend some time reviewing comments such as these and respond to the many questions that have been asked by other users. As I look through the comments, it is apparent that numerous users are extremely confused, need guidance to move to the next stage, and genuinely need some clarity before making any decisions, it would be great to see the team respond to comments in this regard.

Nothing is more important to the community than assisting users with the concerns of security, legal compliance, and user guidance than the team engaging with the community.

[GxSTxV]

I suggest opening a mini blog topic in the trading section to follow up with the crypto market alongside your automation tools, even if it’s a bit different than what your platform has, you will earn more visibility.

We don’t see similar platforms like this here often, so I think being the first platform of this kind is a great opportunity for you on the forum, also a chance for many members to promote you through campaigns. My suggestion is that if you start signature or bounty campaigns, it could be a win for both sides.

[Rex1971]

I can see the idea behind Finestel is solid, but I would like to actually see some of the technical side. It would be useful if this information were made available on the website.
Specifically, I am interested in how the trading strategies and algorithms are implemented within the platform:
The types of strategies supported (e.g., trend following, scalping, arbitrage, etc.)
How trade execution and risk management are handled
Any options for algorithm customization or configuration available to users