Question about selling a strategy
- Thread starter TexasTeaTrader
- Start date
Or a lifetime's worth of gourmet dinners
Someone recently asked me what I do for a living and I told them, and explained that I'm fully automating my system, and they immediately said, "Then you could sell it." Which makes absolutely no sense to me. :eek:
thanks, but not open to az residents.
And to your other comment about my system being crap. I'm not gonna go back and forth with you about that and could care less about your opinion.
I'll keep sim trading it for the rest of the year or if I find a backtester that meets the requirements and I'll post the results.
A robo-no-doji?
:eek:
I never understood why anyone claiming to have a working automated system would ever consider selling it. Unless it doesn't really work, of course.
I am guessing the RND does not come close to your discretionary performance metrics.
Have you generated any interesting results? Sounds like an advanced setup.
Well, those people claim that both systems they use perform well for them because they use them the right way. I know people making money from crappy excel and VB code. I talk often to this trader who has a TF system in FORTRAN running under DOS for the last 10 years. He only had one losing year with a small loss. If it works don't touch it. If you do not know how to validate systems properly all the hardware and fancy software in the world won't do you any good. Many programmers think that because they know how to program they will succeed in trading and then they discover the hard way how easy it is to lose money using fancy software. Finding a good system is hard.
No necessarily, Eyez.
A trader could design 10 or 20 so-so trading systems that generate, let's say 15% a year and a maximum drawdown of 10% (still a nice return on investment) and sell them quickly for a nice profit (100K for example).
And with that money he could trade his own 35% a year system on the side, without revealing it to anyone.
In other words, selling a system does not necessarily mean it is worthless, it just that system developers usually sell average or so-so systems to the public, and keep the highly performing ones to themselves.
You could be right but then I have no idea of the details. Data-mining can be problematic but in a way, isn't that what someone is doing when testing hypotheses randomly? It's tough to come up with something robust so I am surprised when someone who found one wants to sell it to someone else.
Sad to say, I don't think there's much robustness in the OP's p&f system. One trade in 7 years using eod data is a bad omen.
