Trade copy tool for Forex/Futures/Stocks
Trade copying is very popular for retail platforms Metatrader 4 / 5. There is set of professional platforms like Sierra Chart / NinjaTrader that do not have such capability. My AIM is to cover that gap.
I am happy to announce that payments are finally done. From around 50-60 active users, 13 people decided to use paid subscription. This is one of best thing that could happen to AimFX.
11 users decided to go with premium with monthly payment.
2 users bought yearly subscription.
This gives MRR ~300 USD.
July/August - I will focus now bringing few more features.
In September - I plan to focus on marketing activities (content marketing via blog posts) and sales.
It is still hobby project where I can spent 1h in the evening to develop the product or help users.
Things are moving slowly forward and I like this pace.
Beta update -> it is still going on. I received good feedback from the team and I am working on fixing last found issues. Product itself is good quality - many traders admire how fast it was vs competition. Users do know I will be charging for the tool and all I talked acknowledge that. They see the value behind and they are willing to pay.
Plan for November and December is:
Plan for January is:
AimFX in numbers:
I already run two smaller beta tests where I invite few of mine friends. They tested well MT4 and MT5 products. Sierra chart was already tested properly. Thanks to them I collect very valuable feedback and I already fixed many things and provide few mandatory features.
One of my key focus was to create more content around how to install and configure the tool. I created video that describe the integration process and detailed instruction in PDF.
On 2nd week of August, I decided we are ready to expose product to the beta testers. At that time I had 50-60 people signed for Beta.
Around Feburary, I thought I am ready to launch beta testing. There were already >30 people signed. Given that my product is fulfilling specific need (people that want to use professional trading platform, want to trade with smaller broker due to margin/account restrictions).
I decided to go slowly, I picked first person from the list and send cold email. He agree to get credentials to the system. I earn first beta tester. I quickly realize my product is not user friendly at all. I spend few days explaining how to use it. Good I haven't send this to all people from the list.
Project work was progressing slowly. The further I went with building panel and working on the tool, the more bugs we had.
I decide to start a landing page to collect people who are interested in the tool. I quickly create wordpress landingpage with short description on what I am working on and form where you could leave your email.
Product was not ready though :)
After 1-2 years of working on side project it was nowhere close to done. It was time when decision has to be made whether let it go, or commit to. I decide to spent between 1-2h each day on working on the tool.. Core product functionality was ready, but it not "customer ready".
My goal was to complete MVP before year end, where client could configure copy rules between multiple platforms and engine would handle the rest.
Trade copying is very popular for retail platforms Metatrader 4 / 5. There is set of professional platforms like Sierra Chart / NinjaTrader that do not have such capability. My AIM is to cover that gap.