Blog
May 12, 2020

The BOTS community speaking: Roy Lenders

BOTS by RevenYOU consists of so much more than bots. Apart from its own enthusiastic team, BOTS has the luxury of a large test community and a number of parties with whom we have partnered. Today we give the floor to Roy Lenders, co-founder of Boosting Alpha.

BOTS by RevenYOU | The BOTS community speaking
BOTS by RevenYOU | The BOTS community speaking

Boosting Alpha

Roy Lenders is one of the three shareholders within Boosting Alpha. The company was founded 2 years ago and now employs five people. "Actually, we're really a club of technicians," says Roy, "we develop complex trading strategies that we, after an incredibly extensive testing phase, make ready for use." The trading strategies made by Boosting Alpha are then available as a bot in the BOTS app.

When Boosting Alpha started two years ago, the techies had three goals in mind. Of course they wanted to see their own money grow. But they also wanted to make strategies for other parties, such as BOTS by RevenYOU. The third goal is to collaborate with the large hedge funds of Wallstreet. "When we only existed for two weeks, we had already been approached by one of the largest hedge funds. Really top." According to Roy, it's not surprising that smaller companies in particular are approached by Wallstreet's big names. "Within a small company there is more room for new ideas and innovation. That becomes a lot more difficult within a company with 300 employees. "For now, that's too early for us. Developing a strategy for a hedge fund takes years of work, and it remains to be seen whether they will actually take the strategy off. We can't make that investment now. But we certainly will."

Cooperation with BOTS by RevenYOU

Meanwhile, Boosting Alpha and BOTS by RevenYOU have been working together for quite some time now. Roy is no stranger in the startup world, and through this way he came in contact with BOTS by RevenYOU. "I was referred to BOTS by RevenYOU by an acquaintance from the investment world. In the first instance I didn't act immediately, I have to admit. When BOTS came into my sights again via Sprout and Emerce not much later, I made contact with Michiel".

The cooperation between Boosting Alpha and BOTS by RevenYOU is experienced by Roy as a joint growth process. There was a lot to learn for BOTS in terms of trading experience, just as there was a lot to learn for Boosting Alpha about trading with cryptocurrency. "We already had a lot of experience with trading on 'regular' and currency exchanges. Crypto was completely new to us. Would our existing bots work just as well on a crypto exchange?" The answer was no. And so sometimes there were really times when Boosting Alpha was working almost 24/7 to develop a new strategy.

Cryptocurrency

The bots of Boosting Alpha

Right now Boosting Alpha has 7 bots running on the BOTS app. And number 8 and 9 are coming fast. "You have to imagine that every bot really works in a different way. Of course we sometimes reuse parts of a bot, but every bot really has a different philosophy as a starting point. They're all really different strategies. And that takes time."

Not so long ago we presented one of Boosting Alpha's most special bots on the website: The Power of Pi. "The constant PI is everywhere in our universe, so it probably plays a role in the financial markets as well. This bot proves it is. And it's precisely this kind of special bots that we find interesting to make." Roy laughs: "And of course it's more fun to talk about this kind of bots on a birthday than about a boring strategy".

Eventually Roy expects that they will be able to offer between 20 and 30 bots on the BOTS app. All tested extensively first, of course. And between those new bots there are also a few 'special' bots: "We are now testing a number of bots with special starting points. For example, there is a bot that trades based on Donald Trump's Twitter feed, a bot that trades based on Big Whale transactions and one that trades based on the difference between the actual and forecast of various economic figures".

Roy is convinced that the story behind the bot will become more and more important when someone makes a choice to deal with a specific bot. "This is how we're trying to respond to that right now."

The future of BOTS by RevenYOU

When we ask Roy about his expectations for the future, he is very positive. "I think your goal was to have at least 35,000 active users in the app by the end of 2020. I see no reason why that shouldn't work." As far as Roy is concerned, the strength of the BOTS team lies mainly in investment and sales and marketing. "The concept of BOTS is very appealing. It's about new technology and innovation. Two topics that will quickly appeal to users."

Roy sees the biggest challenge in the growth from crypto exchanges to equities and currency exchanges. "It's going to be quite a bump to take, because it's going to involve a lot of extra law and regulation. Also in making the bots. That doesn't mean the bump can't be taken. I certainly have that confidence."

Finally, of course we want to know if Roy himself also trades via the BOTS app. Roy laughs: "Yeah, sure. I've deposited money on all the running bots out there right now. Can I also keep an eye on the competitors while I'm making money."

Investing is for everyone

Everyone should be able to invest. And now they can. With BOTS. Together we are going to make the world of investment fairer and more transparent. Are you interested, but your question hasn't been answered yet? Take a look at the FAQs on our site. Or contact us, we will be happy to explain it to you in person.

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There is no such thing as risk-free trading. It is possible to lose (part of) your stake.