Price of an algorithm for automated trading.

[monty21]

Any algorithm is as smart as the person that wrote it.

Markets change and those algorithms will need to be continually tweaked... which I doubt can be consistently done successfully.

I wouldn't buy an algorithm because no one knows when the markets will change and how much time is left for profitability.

 

[intradaybill]

Quote from Unit001:

I wasn't sure if this belongs under psychology or Automated Trading section. How much would you pay for automated algorithm that guaranteed always to preform in all markets sectors and instruments. And allow 100% return a year.

While sale of such an algorithm isn't possible for obvious reason.

How much would you pay?

If you can pay for it, then you do not need it

there is the paradox you are looking for.

or maybe someone could call it a straw man argument.

 

[Corey]

Quote from intradaybill:

If you can pay for it, then you do not need it

there is the paradox you are looking for.

or maybe someone could call it a straw man argument.

How that is even close to a 'straw man' argument, I would love to know...

 

[MarkBrown]

i have published systems for free that made that much like the oddball system in active trader dec 2000 and another one in active trader may 2004...

m

btw i did sell an algo for 5 million and to my knowledge that is the most anyone has ever gotten for a single mechanical trading system. it trades of all things metals not gold or silver though think light.

 

[bwolinsky]

I said 10 million, but I have asked for $8.5 million for this one www.collective2.com/go/pairsqidqld

 

[MarkBrown]

Quote from monty21:

Any algorithm is as smart as the person that wrote it.

typically i agree with the above - only because you don't know that i have computers which make their own systems based on criteria and materials i feed it. then i have to learn what the computer has done to understand what it has found. from there i test further using a bounding method to see what conditions would have to do to make it fail working in the future. those risk params are then incorporated into the system. m

 

[MarkBrown]

Quote from bwolinsky:

I said 10 million, but I have asked for $8.5 million for this one www.collective2.com/go/pairsqidqld

wow i have never had a losing month myself. sorry about your luck! m

 

[Unit001]

Quote from MarkBrown:


btw i did sell an algo for 5 million and to my knowledge that is the most anyone has ever gotten for a single mechanical trading system. it trades of all things metals not gold or silver though think light.

if this is true, how did you solve the problem of proving it works and not giving it away until money transfers to your account?

I would ask for at least 40 million.

 

[Unit001]

Quote from bwolinsky:

I said 10 million, but I have asked for $8.5 million for this one www.collective2.com/go/pairsqidqld

At this point my opinion is that your system is worthless
equity curve looks ugly, but not only that, I would need a whole lot more data in order to see if your system is worthy anything
8 times more, and I am not kidding

you are asking for 8 million based on trades so far, sorry old boy, I would not be a buyer (at this point)

 

[Unit001]

Quote from bwolinsky:

I said 10 million, but I have asked for $8.5 million for this one www.collective2.com/go/pairsqidqld

sorry to scold you some more, but as a system designer myself, I would never trust collective 2 with it
if collective2 involves any kind of code sharing with that site
you would never see me do business with them

I call it common sense