Quote from elit:
...I have never really understood why you shouldn't reveal your strategy, because then other traders could exploit it, or trade it themselves, and you would thereby lose your "edge"? How?
I understand that if you found a real "holy grail" that would always make money - no matter what - then you would probably do best in keeping it a secret.
But say you have a pretty good strategy, that makes nice profits that lets you buy your ferrari etc. it's not the real holy grail but it makes you good money. If you shared your strategy on the internet, what would happen really?...
My views are via discretionary rule based methodology.
There's a discretionary element in any rule based discretionary method.
Simply, have you ever wonder why some traders using the same methods have different results (losers and profitable)???
Therefore, as long as its a discretionary method (even if its rule based)...
You are not going to lose your edge.
In fact, any lost edge in most methods is due to a changed market condition and not because every body knows your strategy.
However, I don't have any experience with automation methods and/or mechanical methods.
Therefore, I do not know if sharing such types of computer codes will cause you to lose your edge even if the market conditions has not change.
With that said, the sharing of my method has actually improved my edge because others have a different perspective and/or have made improvements...
They then
share with me their tweak of the method (entry method, stop management, exit method et cetera) sort'uv speak.
An improvement I most likely would not have discovered on my own and such helps prevent drawdown periods or decreases the duration of a drawdown period.
Last of all, as others have already hinted...most don't care how you trade even if your a profitable trader.
By human nature, we have the need to try to reinvent the wheel (do our own thing) at the risk of never becoming a profitable trader.
Mark
(a.k.a.
NihabaAshi) Japanese Candlestick term
