Firstly, sorry to all those whose threads I mucked up airing out my early ideas.
Within - Forums âºâº Main âºâº Trading âºâº finding an edge...simple? - I posted the following thoughts (this is a simplified version):
<#'s provided for reference to the default thread pages>
<4>
What if "sharing edges" (something most traders don't want to do) itself became the edge? As a group we yield tremendous power.
As a cohesive group of individual traders we could:
(1) Attain the resources available, until now, to only a select few
(2) Move in and out of markets with relative ease
<8>
'Hi a ooiioo a,' responded with the following challenge:
I like your idea. As with many innovative /groundbreaking ideas, you as the originator of the idea will have to be the one to get it started, before anyone else will join in with you.
'Hi a ooiioo a' later elaborated on my original idea in a very encouraging way.
After posting some other thoughts <11>, I've come up with what I think to be a workable framework. The basic idea is to share trading systems and ideas in an organized fashion so as to eventually arive at a collectively produced trading system. Anyone who chooses to participate will need to submit a complete trading system and review atleast one other participant's system. The following guidelines shall apply:
(1) Clarity: In order for this to work submissions must be absolutely clear to even the most novice of trader. This is not to say that one must provide a history of EMAs, but should provide the full version of abbreviations atleast once, eg exponential moving average.
(2) There is no need to reveal any secrets: The goal is to create a new system, not steal the work of others. It is an opportunity to test out some new ideas which you may not have had time to develop.
(3) Completed Systems: A full working system needs to be submitted. If you have an idea for a good entry, but have not come up with an exit select something arbitrary like a 5% trailing stop and note that you have done this. This is necessary for two reasons. One, it helps to have a starting point for critique and backtesting. Two, as I will be compiling the submissions, I would like to standardize my procedure as much as possible.
(4) Include Backtesting: If backtesting is possible, please provide it in atleast a rudimentary form. The same reasons apply as in 3.
(5) Include a general overview your system: Its general premise, expected time frame of operation, origins, etc.
(6) When in doubt, provide details: During both the submission and review process, the more details that can be provided the quicker a system can be developed.
I will be compiling the submissions but will release the raw data to any participant upon request. The data will not be released at any point to a non-participant. After the submission date (yet to be determined) there will be at most a one week period, while I compile the data, before the peer reviews can begin. There will then be a one week period for review submission. At the end of this time I will begin a new thread to evaluate our progress. If all goes well, I'll have worked out the logistical problems bound to arise and things will then continue more rapidly.
To participate please post a reply to this effect within this thread, questions and comments will also be entertained. The submission of systems, however, will be done via email - so please do not post them here.
Within - Forums âºâº Main âºâº Trading âºâº finding an edge...simple? - I posted the following thoughts (this is a simplified version):
<#'s provided for reference to the default thread pages>
<4>
What if "sharing edges" (something most traders don't want to do) itself became the edge? As a group we yield tremendous power.
As a cohesive group of individual traders we could:
(1) Attain the resources available, until now, to only a select few
(2) Move in and out of markets with relative ease
<8>
'Hi a ooiioo a,' responded with the following challenge:
I like your idea. As with many innovative /groundbreaking ideas, you as the originator of the idea will have to be the one to get it started, before anyone else will join in with you.
'Hi a ooiioo a' later elaborated on my original idea in a very encouraging way.
After posting some other thoughts <11>, I've come up with what I think to be a workable framework. The basic idea is to share trading systems and ideas in an organized fashion so as to eventually arive at a collectively produced trading system. Anyone who chooses to participate will need to submit a complete trading system and review atleast one other participant's system. The following guidelines shall apply:
(1) Clarity: In order for this to work submissions must be absolutely clear to even the most novice of trader. This is not to say that one must provide a history of EMAs, but should provide the full version of abbreviations atleast once, eg exponential moving average.
(2) There is no need to reveal any secrets: The goal is to create a new system, not steal the work of others. It is an opportunity to test out some new ideas which you may not have had time to develop.
(3) Completed Systems: A full working system needs to be submitted. If you have an idea for a good entry, but have not come up with an exit select something arbitrary like a 5% trailing stop and note that you have done this. This is necessary for two reasons. One, it helps to have a starting point for critique and backtesting. Two, as I will be compiling the submissions, I would like to standardize my procedure as much as possible.
(4) Include Backtesting: If backtesting is possible, please provide it in atleast a rudimentary form. The same reasons apply as in 3.
(5) Include a general overview your system: Its general premise, expected time frame of operation, origins, etc.
(6) When in doubt, provide details: During both the submission and review process, the more details that can be provided the quicker a system can be developed.
I will be compiling the submissions but will release the raw data to any participant upon request. The data will not be released at any point to a non-participant. After the submission date (yet to be determined) there will be at most a one week period, while I compile the data, before the peer reviews can begin. There will then be a one week period for review submission. At the end of this time I will begin a new thread to evaluate our progress. If all goes well, I'll have worked out the logistical problems bound to arise and things will then continue more rapidly.
To participate please post a reply to this effect within this thread, questions and comments will also be entertained. The submission of systems, however, will be done via email - so please do not post them here.