The problem with most trading bots
A trading bot is a program that executes trades automatically. In theory, that is exactly what systematic investors need. In practice, most bots have a serious problem: opacity.
You hand over API access to a system that acts on your account according to logic you cannot read, cannot verify, and did not design. When it loses money — and at some point, it will — you have no way to understand why.
Black boxes are not acceptable with real money
Trust in automation requires transparency. If you cannot see what a system is doing and why, you are not automating your strategy — you are delegating to a stranger.
The moment a black-box bot enters a drawdown, the temptation to override it, disconnect it, or abandon it entirely becomes overwhelming. Without understanding, there is no discipline. Without discipline, there are no results.
Ready to put this into practice?
Try a transparent alternative →The MiCA problem most bots have not solved
After July 1, 2026, any automated trading platform serving EU investors without a MiCA CASP licence is operating outside EU law. This includes many well-known trading bots that have not obtained or applied for authorisation.
For EU investors, this means no regulatory protections, no recourse if the platform fails, and potential account restrictions at any time. 3Commas.eu closed on July 1, 2026, with no migration of bots, strategies or settings.
What transparency looks like in practice
My Metric Trade shows you every rule in plain language before it runs. Not pseudocode. Not a settings panel. A readable summary: IF this condition, AND this condition, THEN this action, with these safeguards.
You approve it. Then it runs. Every execution is logged with the reason it triggered — the exact condition that was met, the safeguard checks that passed, and the result. You always know what happened and why.
Non-custodial, EU-native, regulated
Unlike many trading bots that operate through their own accounts or require fund transfers, My Metric Trade connects to your existing broker via API. Your funds stay with your broker — we never have access to withdraw or move them.
We are built in Estonia under EU law, pursuing MiFID II and MiCA CASP licensing via Finantsinspektsioon. 3Commas exited the EU on 1 July 2026. My Metric Trade is built specifically for the EU market.
From €9.99 per month
My Metric Trade starts at €9.99/month for the Starter plan — 30 rules, full safeguards, all connected brokers. Paper trading is free with no credit card required.
Kraken is live now. OKX, Alpaca Europe and eight more brokers are on the integration roadmap through 2027.