Those who trade for a living have already figured out how to make money. Unless you yourself can show 2-3 years of actual trading with using the indicator, managers are not going to think twice of getting. Plus, there are many of us who can look at your indicator and eventually break it or come close to doing that, you may not realize it, but people where doing much of this in the 1990s, I, myself have over 1,000 indicators and there is just so much you can do with numbers, but everyone thinks theirs is special. If it was that special, you would be trading the heck out of it, but I am guessing you don't have funds to open an account and this is a way to do it. I doubt there are millions of traders, last I read was 60k new day traders a year based on opening accounts USA and that was several years ago, so volume is down and guessing this number is less, maybe in China there are many more. Sell it there.
Popular platforms?
- Thread starter w4rn1ng
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Those who trade for a living have already figured out how to make money. Unless you yourself can show 2-3 years of actual trading with using the indicator, managers are not going to think twice of getting. Plus, there are many of us who can look at your indicator and eventually break it or come close to doing that, you may not realize it, but people where doing much of this in the 1990s, I, myself have over 1,000 indicators and there is just so much you can do with numbers, but everyone thinks theirs is special. If it was that special, you would be trading the heck out of it, but I am guessing you don't have funds to open an account and this is a way to do it. I doubt there are millions of traders, last I read was 60k new day traders a year based on opening accounts USA and that was several years ago, so volume is down and guessing this number is less, maybe in China there are many more. Sell it there.
Yes, a good coder will be able to re-write it from scratch just by seeing it on a chart, so it is possible that "pirated" versions of it will pops up in various retails forums at some point.
I have tried to patent it in this year, but scientific methods and mathematic formulas are not patentable, so there's nothing i can do about it.
Yet there are copyright and intellectual property laws that are respected on institutional levels.
Professional traders don't use pirated software, they work on a very regulated framework and institutional platforms don't allow pirated software to circulate within their portals.
Last but not least, we are talking about an innovative but complex technical analysis method that is not easily understandable from low-experienced traders, so i don't know if it will become popular among retail-daytraders, but anyway if it does (pirated versions) that would mean popularity and free advertising, so it's ok.
Getting back to the topic of this thread, so far i've come across the following good candidates:
Professional:
Bloomberg LP
CQG
Esignal
TradeStation
So far these are the ones that comes on my radar, but i'm still looking around to see if i'm missing something, as always, any suggestion is appreciated.
Also if somebody know some serious software-development company that can help me in the development process, that would be great!
You're not making sense....you're fronting like you have lots of market experience, but are unaware of what the major trading platforms the professionals are using are. If you really think you have something...I think you're better off selling a buy/sell signal on collective2. No one is going to pay $500/month for an indicator, unless they are a sucker. Even then...you won't have them for more than 1 month
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Exactly
This is another time where lack of History, I don't recall the year, but Tradestation folks came to CME and found so many of the traders there had pirated versions of their software. Or how about trading systems, one guy has it and before you know it, most in the pits would have it in years gone by. And yes, there are some very complex technical analysis programming I had made, and no way would I consider getting copyrighted as I am smart enough not to show it to anyone and trade it automated. Why ruin it by selling it to anyone? I don't get it, if it is very good, just trade it.
Dealing with the public or any traders, if they think they can get an edge, they will do what they do.
Selling indicators real hard sell cause firms hire the brightest folks to code for them.
Why not just trade it yourself?
Likely because the indicator either doesn't work, or doesn't exist.
What would you do?
I traded with it for a decade, now I'm looking for a less stressful way of living, plus i want to share my discovery with the rest of the world.
Even if, pessimistically, one year from now 99% of traders will be using some replica versions of my product, i guess it will be great anyway, it's a big market and even a 1% share is quite a big slice.
Ohh if that's the case, I take back all the negative things I've said. We've got ourselves a saint on our hands here folks!!!!
Thanks! It is a pleasure for me to contribute to human evolution, financial markets and trading exist from centuries and it always has been more of less gambling.
But now it's time to bring light where light there isn't, the time has come to make the next step in the technical analysis science, the third millennium is here and the innovation is coming!
Fasten your seat belt.
Yeah,sure.Why would they???
I know the guy who write platforms for funds.The cost is around $100K-$150K.