The guy is gone, he hasn't been here in a month. He caught his fish, reeled it in, and went back to shore.
I'm looking for an edge - I can share a percentage of my profits
- Thread starter trader30
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The guy is gone, he hasn't been here in a month. He caught his fish, reeled it in, and went back to shore.
No, i've talked with him, he is still here, he's just hiding his online status.
My experience tells me it's a waste of time, you will be jumping hoops. It's exactly what other guys said early in the thread, you will be doing a lot of work for free. Not a dig at the guy himself, just a nature of the beast, it's a buyer's market.
1. If you have something that really works and looking for funding, check out prop firms. Get access to capital at 1% rate.
2. Look for people routinely investing money in ideas. They might at least pay for your time.
That's what I discovered while talking to this guy, I've taken a risk with a prop firm. $150 deposit against 25.000$ capital, works as intended until now.
$150 is a small cost compared to what's neededi n time/money to secure an investor. Don't fall for promises, you will make a misstep during review process and be disqualified or asked to do even more work for free.
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Please tell me this is a joke, right? You hooked me up to your algo and it lost money in sim every single day.
I would have to be the worst trader on this forum if I would have invested.
I spoke to most of the people who replied in this thread privately. Almost everyone was very helpful or had good intentions.
It's not a joke. We've just had a rough start. Admittedly i wasn't prepared technically for realities of providing such a presentation, which had been ironed out since. You can judge me roughly based on this experience, but i've only discovered the numerical method not three months ago and am still working on perfecting.
As to performance, we've barely had 24 hours over two sessions. My system was performing in line with behavior presented in back tests, with losing and gains trades obviously. No system evaluation of 24 hours is meaningful, judging by back tests my claim was the capability of my system to show profits over over any six week period.
Putting these disagreements aside, me diverting attention from courting an investor had resulted in further 100 man hours and approximately 500 server hours being put into the system. This effort was fruitful, i've exceeded previous just over 80% prediction capability with a stellar 80.76% (average of highlighted values, pessimistic/average/optimal, in the attachment proof of work in progress).
Had i spent this time running a sim i would be unable to push the research further, simply put i'd be out of resources to do that. In hindsight and with a little bit of luck putting a price tag on my time was the right call for me.
As to performance, we've barely had 24 hours over two sessions. My system was performing in line with behavior presented in back tests, with losing and gains trades obviously. No system evaluation of 24 hours is meaningful, judging by back tests my claim was the capability of my system to show profits over over any six week period.
Putting these disagreements aside, me diverting attention from courting an investor had resulted in further 100 man hours and approximately 500 server hours being put into the system. This effort was fruitful, i've exceeded previous just over 80% prediction capability with a stellar 80.76% (average of highlighted values, pessimistic/average/optimal, in the attachment proof of work in progress).
Had i spent this time running a sim i would be unable to push the research further, simply put i'd be out of resources to do that. In hindsight and with a little bit of luck putting a price tag on my time was the right call for me.
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No it wasn’t. The first trade alone had a bigger drawdown than all of your of backtesting.
Backtesting and sim doesn’t mean anything…..
Not here to argue with you or talk shit about any traders…just thought it was pretty crazy you came into my thread to talk negatively.
Good luck.
He reeled you in and took your money. I told you. Don't take the bait.
...sounds like a good deal. They have the potential to make a lot of money without putting any up. And if it doesn’t work than it didn’t effect their edge in anyway. In my opinion, its a risk worth taking.
This is business, not a charity case...
https://www.elitetrader.com/et/thre...percentage-of-my-profits.369184/#post-5659372
I didn’t give any money
It does sound like it if you're looking from that angle. :]
My takeaway from this whole ordeal is that you can easily get funding via a prop firm. I've found out about those only thanks to this thread. No need for a show off shell game to lure anybody in. Just pay the review fee/application fee, whatever it's called you pay an up front collateral on possible loss.
It's me against the market with few additional rules. Cheap and easy, paid $150 and am now running a $25.000 account, which will mature to pay out in mid January. In comparison, i would be running the sim for the third week now for free.
Btw, i'm looking for another edge now too. Anybody wanna tell me their trading method? Want to show me your system? Want to give me your time? I'll take it all and for FREE. Come one, come all. ;D
Oh, and i can share a percentage of my profits!
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Experienced programmer and trader here, i'm interested, i run couple of strategies myself with good results and testing few more before making them live, if you have something with track record then i can help automate it