Predicting Closing Prices

BlueWaterSailor said:
Do you have an actual, verifiable track record of this? Lots and lots of people "feel like" their methods are successful - at least until they actually record all the results. Nearly 100% of the time, the harsh bright light of reality turns those successes into failures.

If you find that you have a method that actually has positive returns and is scalable, I can't imagine why you'd want to sell it. If it sounds like it would be successful, but is not for a variety of more or less subtle reasons - well, there's a lot of guys on YouTube selling lots of variations of those.
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So this is where my partner and I have a difference of opinion. I feel like we should just trade the thing ourselves since it appears to work well. He wants to try to sell it.
 
Amahrix said:
1) How much do you generally gain?

2) What is holding period?

3) How do you currently manage losses?

4) What’s your biggest loss?
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1.) My average winner is 1.3x my average loser.

2.) 30 minutes

3.) I just place a stop at a level where I think the trade idea would be invalidated

4.) I don't have a biggest loss that deviates far from the average loss. There have been no large losses and that is simply due to ALWAYS using a hard stop
 
GeetPram said:
So this is where my partner and I have a difference of opinion. I feel like we should just trade the thing ourselves since it appears to work well. He wants to try to sell it.
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Do whatever works well for you. Don't try to reinvent your wheel.
 
Instead of selling me an app for say $10k that will make me a million dollars, I would rather you simply give me the million, less the $10k. What the hell. Keep an extra $10k for beer money. After all, if it would make me a million, it would make you a million, too. Over and over. Cest pas?
 
GeetPram said:
So this is where my partner and I have a difference of opinion. I feel like we should just trade the thing ourselves since it appears to work well. He wants to try to sell it.
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If you can produce a 3-year verifiable record with 60% and a 1.3 win/loss ratio...NET of spreads, commissions and fees...and if your system is scalable...then you might have a bit of interest from investors.

But, if after 3 years, you've produced those numbers, then you'd be foolish to give it up.
 
lindq said:
f you can produce a 3-year verifiable record with 60% and a 1.3 win/loss ratio...NET of spreads, commissions and fees...and if your system is scalable...then you might have a bit of interest from investors.
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I would be curious to know the percentage your system is giving you a bullish signal in this bull market :)
 
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