Introduction to Emet Trading Solutions
Emet Trading Solutions or simply Emet is a company which programs automated trading strategies and indicators. Most traders are aware of the concept of automating a trading strategy. Developing EAs to trade forex on MT4 and other platforms is widespread and frequently discussed in online communities. However, if you are not an experienced coder, it does not mean that your only means to get started with automated trading is through purchasing a shifty-looking EA from the MQL marketplace. Firms like Emet offer an ideal solution for traders who know what they want but don’t know how to write the code.
About the Company
Emet is a company based in Israel, one of the most prolific tech start-up nations in the world. The business was founded in 2012 and by Vadim Epstein. Vadim is a former project manager for the extinct trading platform Strategy Runner. The team that Vadim managed was responsible for building custom automated trading strategies for clients of the platform. Following the demise of Strategy Runner, many traders left without a platform and a bot that is incompatible with any other platforms. All of these conditions were ideal for the conception of Emet.
Overview of Emet Trading Solutions
- The team has an understanding of a broad range of trading platforms and development languages.
- A development company focused on trading systems and different asset classes.
- Emet boasts a proven track record of excellence which exceeds eight years.
- The company has dozens of glowing reviews on Forex Peace Army from clients around the world.
- A fixed price for your project and a warranty to ensure the finished product does what you requested.
cTrader Development Services
Emet has experience with developing trading bots for multiple platforms. The primary service the company provides is custom development of automated trading systems. If you already have a tried-and-tested strategy, it would make sense to automate it to ensure consistency and reduce some of your screen-time or explore other approaches. To get started with building any software, you need to articulate what you want, as precise as possible. Based on your requirements, your daily routine (the forex trading part) can be performed by a program. Additionally, Emet is ideal for any conversion projects, i.e. converting an EA to a cBot.
Any custom development project entails several stages. If you already have experience in working with software development houses, this process will be familiar to you. Best practices are standardised. When it comes to building an automated trading strategy, projects typically take a few days or less, depending on complexity. The duration is associated with the level of detail provided in the initial requirements.
Step #1: Discovery and Quotation
The first step of any business relationship is to get acquainted. Emet is going to need to know more about your requirements and expectations. Based on your requirements, they will be able to estimate how much time and resources would be involved in developing your automated trading system. This initial analysis will be the basis of the entire project.
Once you accept the offer and make an initial payment, the following steps can commence.
Step #2: Refine Requirements
The final requirements must be as clear as possible to give developer-friendly directions of your strategy to coders. This stage is very collaborative. This stage is completed when the requirements are final.
Step #3: Development
Based on the final requirements you have signed off on, the development will commence. Upon completion of your trading system, the firm will test your trading bot against your initial requirements.
During this phase, you should expect much less communication from Emet as their coders get to work. As always, how long it takes to develop a piece of software depends on the complexity of the project. Since most trading systems operate on an existing platform (i.e. cTrader, NinjaTrader, MetaTrader 4 etc.) with an established framework development can be much faster than building something entirely from scratch, such as a FIX API trading bot.
Step #4: Testing and Quality Assurance
Emet will thoroughly test your trading bot before delivery. The purpose of this stage is to find any bugs or mistakes which the developers may have made. If any errors are found in the process of testing, they will be fixed accordingly and tested again.
Step #5: Delivery, User Testing and Bug Fixing
Once the testers are satisfied the project has met the requirements you agreed upon, Emet will deliver your trading system to you. However, that doesn’t mean your bot is ready for live trading. Some minor tweaks and optimisation could be required to get past the finish line. You should expect to allocate a window for testing yourself. Your final approval is what completes the project.
Step #6: Ongoing Support
Even though your product has been delivered, and you are happy with the work completed, don’t underestimate the importance of finding a company you can also depend on in the future. You may think of a new feature you want to add, and there could be compatibility issues with your trading platform or operating systems. Emet has been around for eight years, which is a good indicator that they will be around for years to come.
Multi-Platform Trading Bot Development
Most automated trading developers focus exclusively on developing Expert Advisors for MetaTrader 4. From a business standpoint, concentrating your efforts on a popular platform with a vast userbase makes sense. However, the competition is fierce, and the noise is deafening. Much of the professional automated trading community has a very narrow scope of skills.
Unlike the majority of developers out there, Emet is specialised in coding for multiple trading platforms. Emet offers custom development for trading bots and indicators for cTrader, MetaTrader 4, MetaTrader 5, NinjaTrader 7, NinjaTrader 8, MultiCharts, TradingView, Sierra Charts, Interactive Brokers, TradeStation, Thinkorswim and others. This broad understanding of several trading platforms emphasises the firm’s expertise in the field of online trading.
Confidentiality of your Trading Strategy
Naturally, confidentiality is vastly important when it comes to entrusting your secret sauce with a third party. As mentioned in the previous section, a large part of the cooperation process with any software developer is divulging your vision and knowledge in great detail. When it comes to developing an automated trading strategy, you need to map out your strategy as precise as possible. Emet takes a mature approach to this valid concern and offers all clients the opportunity to sign Non-Disclosure Agreements to protect information which you will exchange, even before you become a client.
Reputation of Emet
If you need to outsource the development of your forex strategy, it would be fair to say that you don’t know enough about software development to do it yourself. This lack of knowledge makes it a tough job to vet and verify prospective partners.
Emet has collected a vast amount of positive feedback from former clients. Besides the testimonials on the Emet Trading Solutions website, there are many more recent reviews published on the Forex Peace Army (FPA) website. FPA is well known for being the most authentic and transparent forex reviews site. The reviews on FPA primarily highlight the company’s reputation as well as provide some insights into how the company treats its clients and supports them through an entire project.
Conclusion of Emet Trading Solutions
Emet is not just an MT4 developer; their team develops for several different platforms. The company doesn’t only program forex trading systems; the team produces systems for multiple asset classes such as Futures, Options, Stocks and more.
We conclude that Emet Trading Solutions has all of the hallmarks of a trustworthy and talented automated trading system development company. Anyone with a trading strategy they wish to automate can’t go wrong by submitting a query with Emet. To start your dialogue, contact the company via their website contact form.