Looking partnership for CME DMA trading.

[elabunsky]

Hi,

Have you tried R | Diamond API™ ?! market data are available in less than 250 µseconds ..

You did not read my message. As I said I tried start myself via Rithmic.
They latency from trade till report from exchange from 400 microseconds till 5 milliseconds. In peak time it's 5 milliseconds when I need entry.

 

[gmst]

Hahaha no kidding,

Look at his forex system performance

http://www.myfxbook.com/members/fxgrowthbot/forex-growth-bot/71611

That'll no doubt inspire confidence

I've never seen a breakdown like that.

I have no comments on the OP or his systems. But I just thought I will write on this particular system that you have pointed to.

I don't think its fair to point out this system of his and saying he has zero risk management skills.

Please look he started this system with 250$ and maximum equity was 8650$ in 2yrs 4mnths. Obviously he was taking huge risks but its important to see that he managed to be up for almost 2.5yrs with a smooth curve being so highly leveraged. I think this deserves a little appreciation.

Ofcourse, with so much leverage, the account is bound to blow up one day.

 

[AdrianHagh81]

What about http://www.myfxbook.com/members/fxmonetizer/fx-monetizer-real-account/870185 it's another one my trading system...

Cool comrade,

Thats a beautifull equity curve.

 

[Swan Noir]

Isn't that why you have substantive conversations away from a public board ... to find out more?

Wow, so much information missing.

The last 71 days have been a low volatility move to the upside. How does your model perform on a down day like July 31st? How did the trades go wrong during the drawdown periods during the 71 days?

Does you model hit bids and lift offers or assume fills on bids and offers?

What are the basic performance statistics? Data like average profit per RT, number of RTs per day, holding period per RT, maximum intraday drawdown and so on.

What "CME volume bonus"? The Globex fee rebate is only for trades over monthly average 150 sides per day.

What broker commission are you assuming?

If you really believe that you will be "able run 30-50 lots with average daily $300-350 profit per lot" why do you need a partner?

What do you expect the partner to put up? Just the IOM seat or the IOM seat and the capital?

Why only 30-50 lots? Why not scalable to 250 or 500 lots? Even on today's big down day inside market on ES is 1,500 by 1,500.

 

[elabunsky]

Isn't that why you have substantive conversations away from a public board ... to find out more?

I can't understand you, sorry.
DM me if you are able offer me something, please.

 

[Swan Noir]

My comment was directed at jeb9999 in response to his post.

I can't understand you, sorry.
DM me if you are able offer me something, please.

 

[jeb9999]

Isn't that why you have substantive conversations away from a public board ... to find out more?

I didn't ask anything substantive, just asking basic information.

The fact that the Globex fee volume rebate increases profits over 67% shows how marginal this is.

I wonder if Eugene has read the paper "Risk and Return in High Frequency Trading" by Matthew Baron, Jonathan Brogaard, and Andrei Kirilenko.

In particular "While the median HFT firm realizes an annualized Sharpe ratio of 4.3 and a four-factor
annualized alpha of 22.02%, revenues persistently and disproportionally accumulate to top
performing HFTs, consistent with winner-takes-all industry structure. New entrants are less
profitable and more likely to exit."

I wouldn't want to try to compete in the emini HFT world without an experienced technology team and minimum $5 million in capital.

 

[elabunsky]

I didn't ask anything substantive, just asking basic information.

The fact that the Globex fee volume rebate increases profits over 67% shows how marginal this is.

I wonder if Eugene has read the paper "Risk and Return in High Frequency Trading" by Matthew Baron, Jonathan Brogaard, and Andrei Kirilenko.

In particular "While the median HFT firm realizes an annualized Sharpe ratio of 4.3 and a four-factor
annualized alpha of 22.02%, revenues persistently and disproportionally accumulate to top
performing HFTs, consistent with winner-takes-all industry structure. New entrants are less
profitable and more likely to exit."

I wouldn't want to try to compete in the emini HFT world without an experienced technology team and minimum $5 million in capital.

I trust myself first.
And I know that it's possible with capital $250 000 and CME IOM leasing membership trade DMA.
No need hire team - I'm able do quant, development & simple admin work.