Are Automated Trading Systems Making Money
- Thread starter SimpleMeLike
- Start date
Thank you globalarbtrader,
Very encouraging thread. I will read your thread. Great work and congratulations on your accomplishments. And most importantly, thanks for sharing.
Has anyone on here actually managed to purchase and trade a winning system? I actually tested one system promoted on here several years ago by someone named ProfLogic. I ran the system for a month or two, but could not replicate his results. To his credit, he offered a free trial, but wanted something like $25k per year to run the system. On another forum, some guy from TradePoint Technologies was hyping his system while asserting that it was not for sale. He would post several cherry-picked screenshots and talked about how he had many college dropouts with advanced programming skills working for him. Not sure what came of that effort. From that point, I assumed that anyone with a system worth anything would not license it to strangers over the internet. They would license it only to a hedge fund.
People walk in and pitch stuff to funds all the time. Sometimes a hedge fund would take a person off the street and give them capital to trade but that's a pretty rare occurence. I would say that in 99% of cases these people turn out to be cranks and in 1% of cases talented guys that could use further development.
Kevin Davey is a legit algo trader. He uses TradeStation. He made 160k in 2014 and 300k in 2015 according to his tax returns.
https://www.tradingschools.org/reviews/kevin-davey-kj-trading-systems/
I have his book on testing trading algos. It's pretty decent for how to test your strategy for robustness. Its main con is that he is pretty stingy on giving actual ideas for setups/entries.
I'm not really into promoting "gurus" but it's cool to see profitable traders with VERIFIED track records. I generally assume that everyone who claims to be profitable without 3rd party verification is lying.
https://www.tradingschools.org/reviews/kevin-davey-kj-trading-systems/
I have his book on testing trading algos. It's pretty decent for how to test your strategy for robustness. Its main con is that he is pretty stingy on giving actual ideas for setups/entries.
I'm not really into promoting "gurus" but it's cool to see profitable traders with VERIFIED track records. I generally assume that everyone who claims to be profitable without 3rd party verification is lying.
Thank you shatteredx for response.
I am familiar with Kevin and currently reading his book. After reading his book, I may take his course once I save more money if I need more learning.
Thanks,
Unless that "everyone" is trying to sell you something, what is the incentive for them to reveal their track records or any other information?
Ps. Realized that it's in the context of people selling trading strategies - makes sense. Of course, track records can be pretty deceiving too
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...and of course I would make a grammatical error when criticizing others for the same 
Hahahahahahahahahahaha that's tooo funny...and of course I would make a grammatical error when criticizing others for the same