Question about selling a strategy

[xelite777]

Long story short, I am a discretionary trader trading crude and Nasdaq. Took some heavy losses and blew up my account ( due to not following my plan and taking stupid trades). Decided to automate about 25% of the strategy I was using to daytrade, so far as expected this strategy has been profitable in forward testing. Problem is I have a profitable strategy and no capital to trade it with.

Trying to get an idea of how much one could get for the source code of such a system? Willing to sell the full source to only 1 person, no none disclosures or crap like that just as long as you didn't resell it. Written in c# for ninjatrader.

Have been forward testing it since mid April, and so far it has netted a profit of $6290 after commission trading 1 contract per trade. The strategy can be scaled up, have tested as many as 20-100 contracts per trade.

Attached the stats of the strategy.

If your trading system is profitable you could sell the trading signals (not the system itself) on trading websites like Collective2 and collect monthly subscriptions fees.

After a year and with only 50 subscribers (each paying you $100 per month for the trading signals) you would have 60K to trade with.

 

[Maverick74]

Just today on ET there is
an individual with money looking for a mentor and/or system.
an investor who made a 700 % return last year.
and an employer who will provide a 500k house.

Endless opportunity!

I hope the 1% ers never find this website. This place is ours! This is our Gold! This is ET!!!!!!!

 

[dom993]

Long story short, I am a discretionary trader trading crude and Nasdaq. Took some heavy losses and blew up my account ( due to not following my plan and taking stupid trades). Decided to automate about 25% of the strategy I was using to daytrade, so far as expected this strategy has been profitable in forward testing. Problem is I have a profitable strategy and no capital to trade it with.

Trying to get an idea of how much one could get for the source code of such a system? Willing to sell the full source to only 1 person, no none disclosures or crap like that just as long as you didn't resell it. Written in c# for ninjatrader.

Have been forward testing it since mid April, and so far it has netted a profit of $6290 after commission trading 1 contract per trade. The strategy can be scaled up, have tested as many as 20-100 contracts per trade.

Attached the stats of the strategy.

- What about the 75% that you didn't automate? Was that useless, or what kind of substitute do you have for that part now?

- Can you backtest from July 2003, or at least January 2007 and show results?

- Can it be traded at minimum position size, ie. 1 contract "all-in" / "all-out" ?

- Is this strategy designed specifically for CL? Which other markets is it profitable on?

 

[TexasTeaTrader]

- What about the 75% that you didn't automate? Was that useless, or what kind of substitute do you have for that part now?

- Can you backtest from July 2003, or at least January 2007 and show results?

- Can it be traded at minimum position size, ie. 1 contract "all-in" / "all-out" ?

- Is this strategy designed specifically for CL? Which other markets is it profitable on?

The other 75% would be a little harder to automate. And prefer to trade it manually.

The backtester in ninjatrader uses ohlc data, my strategy's logic needs to process realtime tick data to find valid setups. Therefore I can only forward test it in sim and market replay.

Yes can trade at minimum position size, and all in/out

Tested it Nasdaq, russell, crude, and natural gas.
Crude and natgas had the best risk:reward and profit

 

[dom993]

The other 75% would be a little harder to automate. And prefer to trade it manually.

The backtester in ninjatrader uses ohlc data, my strategy's logic needs to process realtime tick data to find valid setups. Therefore I can only forward test it in sim and market replay.

Yes can trade at minimum position size, and all in/out

Tested it Nasdaq, russell, crude, and natural gas.
Crude and natgas had the best risk:reward and profit

You can always use an additional 1-tick TF, and from it "manually" build the developing bar in the main TF if you need that.

Without the ability to backtest it extensively, your source code is worth nothing IMO.

 

[newwurldmn]

I hope the 1% ers never find this website. This place is ours! This is our Gold! This is ET!!!!!!!

I thought all of ET were 1%er's. I figured most guys on here started with a 5k account and now are making 300-500k/year with sharpe's in the 3+ range consistently.

 

[TexasTeaTrader]

You can always use an additional 1-tick TF, and from it "manually" build the developing bar in the main TF if you need that.

Without the ability to backtest it extensively, your source code is worth nothing IMO.

Backtesting is completely worthless. Why would I need to backtest a pattern that I know worked 10 years ago and will continue to work in the future.

Your system may work great in back testing, but you show no proof of forward testing or actual real profit.

 

[AdrianHagh81]

Backtesting is completely worthless. Why would I need to backtest a pattern that I know worked 10 years ago and will continue to work in the future.

Your system may work great in back testing, but you show no proof of forward testing or actual real profit.

Dude but dom is right you know, with backtest altough its not a guarantee
of future success but it can invalidate a strategy.

Can't you export it to multicharts.net and use the backtester tick data ability
and then post the backtest result for at least 6 months.

 

[TexasTeaTrader]

Dude but dom is right you know, with backtest altough its not a guarantee
of future success but it can invalidate a strategy.

Can't you export it to multicharts.net and use the backtester tick data ability
and then post the backtest result for at least 6 months.

This is from the multicharts wiki
"Historical data available for backtesting will, in most cases, be in the form of time-based bars (minute, daily etc.) based on a group of ticks, with only Open, High, Low, and Close prices available. "

OHLC is worthless, because my strategy needs real data to work correctly.

 

[dom993]

Why would I need to backtest a pattern that I know worked 10 years ago and will continue to work in the future.

Your OP was along the lines of "I want to sell the source code, how much is it worth" ... it is worth what potential buyers are willing to pay for it, and I gave you my point of view as one of them.