Amazing system but what to do?

Quote from Joab:
I have an amazing little clean system that I developed that trades the DIA or if you prefer the YM fut contract.

It gives on average 2 trades per week and trades off a 15m chart, therefor it's as boring as baking a cake.

I trade it myself but I'm also willing to share it with a few others but therein lies the problem for me.
More...
If you have so much confidence in your system then why not 10-fold or 100-fold your stakes. Increase the stakes until it is not boring anymore :)

Ursa..
 
Quote from Joab:

Non Disclosure are a must that's for sure I agree BUT what I'm more concerned with is wasting my time with fools that either.

A. Don't have the discipline to trade a boring method like this because it takes constant monitoring each 15m candle.

B. Don't have the sufficient funds

C. Will give up on it to easy.

etc..
More...


"constant monitoring"? ... most anything can be automated.
 
Quote from late apex:

In my view, you are starting at the wrong end, putting the cart before the horse. Don't worry about qualifying prospective investors at this stage, an NDA, etc. Do focus on qualifying yourself / your system. Ask yourself -- what would it take for a "disciplined trader" with a "decent size account" to be interested in what I have to offer? Such people tend to be both busy and selective, among other things.

Strikingly, your intro is silent on the issue of performance. Characterizing it as "amazing", without any supporting details, actually has the opposite, negative effect, credibility-wise. Two immediate suggestions:

1. Post a detailed performance report and a real-time (only) equity curve, for starters.

2. Trade your system live on Collective2 and start accumulating a public, third-party, real-time track record. Offer FREE subscriptions to your signals initially. While you're at it, study your (stiff) competition there and see if you can identify your competitive strengths and weaknesses.

There's much more to this process, but I'll let you reflect on that.
More...

Great advise, I've looked at collective 2 in the past but couldn't be bothered but I will look again.

Thanks
 
Quote from gnome:

What to do? Fuggetaboutit....

A successful methodology is likely working "only for now". The market will change and it won't work any longer.

The overall key to the markets is to "make hay when you've got it going", then be ready to figure out the market's "new deal" when it stops working.

You don't have IT. Nobody does. Any successful strategy is only temporary.

However, it's encouraging that you're working off of a 15-minute chart and trading infrequently. At least it's not some dumb-ass scalping play...

JMO, of course.
More...


Wrong, the method is not a market trick but takes into concideration ENVIROMENT and therefore has longevity.
 
Performance stats are few because I've only recently tested it live and backtested it manually.

So far it has a 85% success rate and averages .50 a win DIA and .25 loss.


These # only reflect the last year but I'm very confident in this, I've been in the business for many years and the method is sound.

I trade intraday with a more aggressive style so I keep myself busy.

This was just a passing ideal this morning and I wanted to see the reaction on ET
:)
 
Quote from Joab:


Performance stats are few because I've only recently tested it live and backtested it manually.

So far it has a 85% success rate and averages .50 a win DIA and .25 loss.
More...


Sorry to burst your bubble, but there is no system that trades as often as twice a week that has a win rate of 85% and a win/loss ratio of 2:1.

Such systems only exist in the past as coincidences.

They cannot work in the future because there is not that much order in the markets.

The markets are much closer to random than you think.
 
Quote from Joab:

Performance stats are few because I've only recently tested it live and backtested it manually.

So far it has a 85% success rate and averages .50 a win DIA and .25 loss.


These # only reflect the last year but I'm very confident in this, I've been in the business for many years and the method is sound.

:)
More...

You've not traded this great system in real time until only recently (in a roaring bull market), and you've only backtested for a year with two trades a week?

I hate to break this news to you, but in the past year you could have bought the DIA on just about any particular day, exercised a minimum of skill in money management, and done well.

Sorry, but I need to LOL. With system parameters like that, you'll be posting on C2 until 2024 before you build a reliable track record.
 
Quote from lindq:

You've not traded this great system in real time until only recently (in a roaring bull market), and you've only backtested for a year with two trades a week?
More...

Thanks for pointing this little factoid out.

If the OP had taken a pass at this thread:

The Best TA Book Ever Published!!! he might have had some insight into that as well.

While the title of the thread is presumptious, the book does go into detail on how to sufficiently test system(s) to determine their accuracy.

Speaking of presumptious, this thread is talking about a system which trades on the weeklies and is amazing.

The title of the thread should be re-written to say:

"System that has trade well in this amazing bull market. Any takers?"

Regards,

JJ
 

Attachments

If one had simply bought 2K shares of DIA on Monday of each week during the 12 months, and held the shares until Friday, this 'system' would have produced 72% winners and net gains of over $950. per trade.

Sound good? Of course not. The system is completely market dependent.
 
You must log in or register to reply here.
Back
Top