automated futures trading. interested in additional capital.
- Thread starter rtw
- Start date
You seem to be immature and insecure, youthful arrogance can be helpful but lashing out at everyone who doesn't agree with you is not. @bone is correct in that you cannot solicit funds from people without a proper structure. If you're caught, your account can be frozen.
Besides, your profit factor is low and the equity curve doesn't look great.
Condolences to anyone who invests with you at this point.
Besides, your profit factor is low and the equity curve doesn't look great.
Condolences to anyone who invests with you at this point.
Thank you. I disclose what I deem appropriate to disclose.
My system was trading up to 7 MNQ contracts per order (currently 5). You can read this thread:
https://www.elitetrader.com/et/threads/i-wrote-a-bot-and-gave-it-25k-to-trade.340739
My system was trading up to 7 MNQ contracts per order (currently 5). You can read this thread:
https://www.elitetrader.com/et/threads/i-wrote-a-bot-and-gave-it-25k-to-trade.340739
no. i don't do that.
i allocate much more capital per contract than the required exchange margin. and i do that for all my strategies and all instruments. my systems are designed to hold all positions across sessions monday through friday if appropriate and always liquidate everything before the weekends.
taking the maximum possible risk never works. futures trading is already leveraged up enough as it is.
i have developed around ten profitable strategies that i can trade automated on ninjatrader or tradestation, and this includes three that are just stellar. i have created several threads discussing automated trading and trading in general in other sections, you can look for them if interested.
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this week could be as good as the last few ones have been. the nq was made to move roughly 200 points before the first half hour of trading. i decided to skip what would have been the first trade of the week which showed a profit of more than $1,400 usd at one point but ended up at break even.
Sell Short 06-Sep-20 17: Short $11,416.75 $0.00 7
Buy to Cover 06-Sep-20 17: BreakEven Stop $11,416.75 $0.00
now my systems have opened a short position again. hopefully this kind of price action will continue over the next months.
and yeah, maybe there are people who would find it edifying to waste a lot of time dealing with the idiots, i don't have any time for that.
my systems could be the worst there are, as some dotards have insinuated, that could be a possibility. however, talk and posts are not cheap, but completely worthless. ¿where is the evidence that the loudmouths have superior profit ratios and equity curves? jaja. i'll wait until they show stuff that is even minimally comparable to my systems before i take them seriously.
there are some very interesting resources regarding proprietary trading firms. i have been checking out the websites listed in these links below:
https://funded-trader.com/
http://www.futuresmag.com/2019/08/11/top-40-proprietary-trading-firms
https://www.traderslog.com/proprietarytradingfirms
Sell Short 06-Sep-20 17: Short $11,416.75 $0.00 7
Buy to Cover 06-Sep-20 17: BreakEven Stop $11,416.75 $0.00
now my systems have opened a short position again. hopefully this kind of price action will continue over the next months.
and yeah, maybe there are people who would find it edifying to waste a lot of time dealing with the idiots, i don't have any time for that.
my systems could be the worst there are, as some dotards have insinuated, that could be a possibility. however, talk and posts are not cheap, but completely worthless. ¿where is the evidence that the loudmouths have superior profit ratios and equity curves? jaja. i'll wait until they show stuff that is even minimally comparable to my systems before i take them seriously.
there are some very interesting resources regarding proprietary trading firms. i have been checking out the websites listed in these links below:
https://funded-trader.com/
http://www.futuresmag.com/2019/08/11/top-40-proprietary-trading-firms
https://www.traderslog.com/proprietarytradingfirms
Can any of your system pass the TopStepTrader or Earn2Trade, etc? I think it’s your best bet.
I think none of real prop firms (like HRT, Jane, etc) will take you seriously and they don’t fund traders anyway.
There are lots of issues with settings up private funding and, personally, I would expect for you to double the initial small account within a year (via edge+max leverage) prior to getting paid anything. Of course if you had such system, you wouldn’t need funding in the first place.
When I tried to get funding (I didn’t even need money, I needed infrastructure), it went something like : So you want us to take a chance on you but you want to keep your IP? So if it doesn’t work, which is most likely, we just wasted our time, resources, and risked our capital. If it does work, we have funded your proof of concept and after a year or so you will have enough money to trade on your own or take your metrics to a competing firm? Thanks but no thanks. I am not sharing this to discourage you, just to show how these guys think. They think in risk:reward as well. Hope you find what you are looking for.
I think none of real prop firms (like HRT, Jane, etc) will take you seriously and they don’t fund traders anyway.
There are lots of issues with settings up private funding and, personally, I would expect for you to double the initial small account within a year (via edge+max leverage) prior to getting paid anything. Of course if you had such system, you wouldn’t need funding in the first place.
When I tried to get funding (I didn’t even need money, I needed infrastructure), it went something like : So you want us to take a chance on you but you want to keep your IP? So if it doesn’t work, which is most likely, we just wasted our time, resources, and risked our capital. If it does work, we have funded your proof of concept and after a year or so you will have enough money to trade on your own or take your metrics to a competing firm? Thanks but no thanks. I am not sharing this to discourage you, just to show how these guys think. They think in risk:reward as well. Hope you find what you are looking for.
well, today's session was quite boring after the first hour or so.
my system still found it appropriate to take the following swings:
Sell 07-Sep-20 01 $11,406.79 0.00 7
Buy 07-Sep-20 04: $11,444.71 ($531.00) ($536.60)
Buy 07-Sep-20 06: $11,456.43 0.00 7
Sell 07-Sep-20 12: $11,502.75 $648.50 $106.30
so, pretty much a wash.
i decided to liquidate everything before the early close. there's no reward to be had but there is not insignificant risk in holding a position for 4 hours after the price action that was observed last week between sessions and sunday at the open.
my system still found it appropriate to take the following swings:
Sell 07-Sep-20 01 $11,406.79 0.00 7
Buy 07-Sep-20 04: $11,444.71 ($531.00) ($536.60)
Buy 07-Sep-20 06: $11,456.43 0.00 7
Sell 07-Sep-20 12: $11,502.75 $648.50 $106.30
so, pretty much a wash.
i decided to liquidate everything before the early close. there's no reward to be had but there is not insignificant risk in holding a position for 4 hours after the price action that was observed last week between sessions and sunday at the open.
this is an interesting comment you make.
i have taken a look at the - trade with our money - sites multiple times. the evidence indicates that most of them are scams and they make their money (if any) from the repeated fees they charge (from failure), not from any profits their traders make. they also impose a lot of stringent rules which could make sense to try and keep risk under control in some theoretical universe but in reality just end up killing any profitable trading system. and one really ends up trading with one's own money just massively leveraged, as they ask for risk deposits and whatnot. it makes absolutely no sense for me to consider such options. if those entities were interested in making profits from trading i would expect them to approach people who have developed systems like mine, and i don't think there's any chance that could happen.
over the last few days i have taking a look at the websites of all proprietary trading firms i have found. some of them do fund remote traders and some of them do provide seeding money. i will be getting in contact with them to find out what their requirements and conditions are. and yes, i will be transparent with them as well: i'm not interested in granting any access to my intellectual property and as soon as i have enough capital to trade 5 - 8+ nq contracts (as well as other instruments) by myself that's exactly what i will do. it's just that in my case i can provide proof of concept, its corresponding track record and (almost) real time results for as long as they could wish, i'm not asking anyone to assume any risk on my systems.
I agree with this...and trading with E-Mini Micros you are likely paying 50% more in commission costs and exchange fees than with the big contracts. I know I am thru Interactive Brokers. It really sucks.