Obtaining Trading Capital

Quote from funky:

I have just recently finished developing and testing a system that requires at least $1 mil USD capital, and I want to run it on Tradestation. How do I go about obtaining this capital? I looked at some of the pro firms that let you use their capital, but they seem to require that you use their platforms. I have things completely automated and that is a must (I have, at times, 150-160 stocks trading at one time). Obviously, I could port the code over to any automated system, if I approved of it.

I thought about just running it with my measly capital, but average shares/trade will be 10-20 shares! obviously, not a good idea from a commission standpoint (unless there is someone out there that bills comissions in 10 shares, lol)

The system has a 62.5% return with a 4% drawdown, consistent for the last 4 years (its all the data i have). Trades average 2-5 days. Trades U.S. equities.

-funky
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Did you paper trade the system?
 
Quote from reid5525:

Did you paper trade the system?
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the system is fully backtested, and has been tested live for slippage. i have over 2 months of slippage #'s, so it is very precise. the only thing that hasn't been tested live is the 20 share lot fills. but i'm thinking that slippage resulting from 20 lots fills would be less than slippage resulting from a 100+ share lot fill, right?
 
why someone would loan u a huge amount of money and expect to earn a minimal return of 3-5%(bank rate), while knowing u r making 65% out of their capital? besides, u don't wanna disclose ur system to them. if u found this person or firm, can u introduce them to me? i have a system made over 200% in the last two months of 2004. i am serious.
 
Quote from funky:

the system is fully backtested, and has been tested live for slippage. i have over 2 months of slippage #'s, so it is very precise. the only thing that hasn't been tested live is the 20 share lot fills. but i'm thinking that slippage resulting from 20 lots fills would be less than slippage resulting from a 100+ share lot fill, right?
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Can the system work if 150 -160 positions are taken all at once with market orders?
 
Quote from funky:

the system is fully backtested, and has been tested live for slippage. i have over 2 months of slippage #'s, so it is very precise. the only thing that hasn't been tested live is the 20 share lot fills. but i'm thinking that slippage resulting from 20 lots fills would be less than slippage resulting from a 100+ share lot fill, right?
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Odds are it would be the same. You can also make every 5th trade and do 100 share lots. Also I think 50k and a 7 would get you 400k in buying power. You will have to pay interest of course too.
 
here is some eye candy :)

this is for $174k capital (exactly the amount it takes to raise the average share/trade to 100), using 2x margin (348k). its for the last 6 months. this is with liberal slippage #'s.

;)
 

Attachments

Here's one:

Build a slick user interface, and then distribute the output of your system in real time in the form of trading signals. You can charge a fair portion of whatever value-added your "black box" stage represents.
 
Quote from NickelScalper:

Here's one:

Build a slick user interface, and then distribute the output of your system in real time in the form of trading signals. You can charge a fair portion of whatever value-added your "black box" stage represents.
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nickel,

yeah i have thought about that. but why make other people rich? :)
 
oh, and all i have to say is, intraday trading blows. what a waste that was. i did manage to make my brokers wealthier though.

:)
 
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