I wrote a bot and gave it 25k to trade
- Thread starter _terminus_
- Start date
The system can hold positions for many days and it can close them at any time, not on daily open only.
Banks usually don't deal with anything like this. Many of the employees in second-tier banks come from schools that teach that timing the market does not work, only investing or interest does.
It's especially bad if you're someone off the street without a well-known name to connect you.
Best to find business-minded people who are ambitious and open-minded, they are around.
Well, as they say, opportunities come when you are ready. In this respect I guess I'm only half ready. I'm still waiting to see if the returns will allow the system to go on its own, or if at some point I'll have to look for some kind of partnership.
What's your take on Collective 2 and similar services?
What's your take on Collective 2 and similar services?
I'm not a big fan. I've mostly traded capacity constrained strategies, so any competition is a no-go. Slippage is another issue -- I don't know if the signal subscribers were trading 1 contract or 100 contracts. It makes a big difference.
I've seen a few systems over the years that did really well and were solid, they always closed up and eventually used outside money. The ones remaining are mediocre to bad.
As sleazy as it sounds, I'd only sell something on C2 that worked temporarily to eventually implode.
+++ Monthly update: +6.11% in September with 4 trades +++
The (relatively) long term, long strategy is doing fine. +65.52% since inception as calculated by me, +76.70% as calculated by IB. The recent flat line in the lower graph represents the pause when the system stopped trading during the September meltdown.
In a sense, the two strategies that I was able to come up with so far can be seen as mere drawdown reducers. They just buy, with leverage, when the index is rising and go flat when it's going down.
Still working on a viable, automatable shorting strategy.
The (relatively) long term, long strategy is doing fine. +65.52% since inception as calculated by me, +76.70% as calculated by IB. The recent flat line in the lower graph represents the pause when the system stopped trading during the September meltdown.
In a sense, the two strategies that I was able to come up with so far can be seen as mere drawdown reducers. They just buy, with leverage, when the index is rising and go flat when it's going down.
Still working on a viable, automatable shorting strategy.
Not that far, but here they are for the last 6-7 years for the last strategy (MNQ):
Y axis = %
X axis = no. of trades
Note: the graph reports the series of trades as they would have occurred, but it doesn't take into account the dates. For this reason it shows no flat sections, as the trades are presented one after the other.
@_terminus_
Have you checked out https://www.worldcupadvisor.com/ (Also known as leader/follower software)
To my understanding you are charging a subscription fee based on the amount of contracts needed to trade the system. If a follower wants to have more contracts traded then they will have to pay for another subscription.
If your system is scalable and good enough - low capital requirement, low drawdown, above average returns - brokers using the leader/follower software will pimp your system for you.
Have you checked out https://www.worldcupadvisor.com/ (Also known as leader/follower software)
To my understanding you are charging a subscription fee based on the amount of contracts needed to trade the system. If a follower wants to have more contracts traded then they will have to pay for another subscription.
If your system is scalable and good enough - low capital requirement, low drawdown, above average returns - brokers using the leader/follower software will pimp your system for you.