Business Idea: A user-friendly AI-powered platform that enables retail traders to backtest trading strategies using plain English and logical rules, removing the need for coding skills.
Problem: Many individual traders struggle with backtesting because existing tools are either too basic or too technical, especially for those without programming experience, limiting their ability to test and refine strategies effectively.
Solution: An intuitive web-based service that translates plain English logic into backtesting processes, allowing traders to easily input and test strategies without coding, making strategy testing accessible to all.
Target Audience: Retail traders, solo investors, and beginner traders who want to backtest strategies but lack programming skills or technical expertise.
Monetization: Subscription plans for different user tiers, pay-per-use testing sessions, and premium features like advanced analytics and strategy sharing.
Unique Selling Proposition (USP): The only platform that simplifies strategy backtesting for non-coders using AI-driven natural language processing, eliminating the steep learning curve associated with traditional tools.
Launch Strategy: Start with a minimum viable product (MVP) featuring basic natural language rule input and backtesting, gather feedback from early users, and iterate to add more advanced features. Promote via trading communities and social media to validate demand and attract initial users.
Upvotes: 6
Read more: REDDIT – r/Startup_Ideas