reveal your strategy?

[NihabaAshi]

Quote from elit:

So probably one could just post his entire strategy/system and ask people to kindly have a look at it in order to help him improve it. Maybe one would even be better off doing that.

However, something hinders the trader to do this. Many valid reasons have been posted.

In reality, you only ask someone to help improving it if you think there's a problem and it needs improvement.

However, regardless if you think there's a problem or not...

It's a normal process for someone to eventually see something (an improvement) that the designer did not see when methods are shared.

The collaboration, is how methods evolve or adapt...

Helps to reduce drawdown periods.

Yet, there's always those few...that can continue evolving their method without sharing.

Mark

 

[fearless9]

Quote from elit:

So probably one could just post his entire strategy/system and ask people to kindly have a look at it in order to help him improve it. Maybe one would even be better off doing that.

However, something hinders the trader to do this. Many valid reasons have been posted.

As far as I am concerned, I could publish my method in the WSJ.

But what is in it for me and please do not tell me that other people could help me improve it.

 

[Pekelo]

Quote from Bitstream:

lmao, u can give out pure gold yet nobody here would care and give a whoop, since we all lazy sleazy and full of mistrust. and the pride!!

Very true. Also most people don't believe that for free they can get something valuable.

I have given away some of my strategies here and I bet nobody followed them. The last time it was in this section called Even simpler profitable method, it was posted on 9/26. The Dow had a long signal then according to the strategy and it advanced 500+ points, before it gave a sell signal, but nobody played by it.

At least I haven't got a check...

 

[dac8555]

i thik most profitable strategies are very similar overall.. there are different types...but within each type there are very similar ingredients.

there are no big secrets to this game.

"strategy" is just asking people who have done ther homework how they appreoach the market. read the "market wizards" books and you will see what the "strategy"....risk control, money management.

 

[Trader666]

% wins is meaningless without avg win & loss stats. This is a common beginner's misconception.

Quote from JimmyJam:

Some of the reasons a trader might give out their system are:

1. It doesn't matter, it's based on commonly known information, not proprietary info.

2. It has an expectation of less than 50% wins ... many trending following systems are also common known, they also have an expectation of less than 50% and required good money management to actually succeed.

3. He/She has developed a superior system, and no longer trade their old system.

Now, just reverse the above listed examples and you would see why a trader would not give out their system.

Regards,

JJ

 

[RedDuke]

Quote from dac8555:

i thik most profitable strategies are very similar overall.. there are different types...but within each type there are very similar ingredients.

there are no big secrets to this game.

"strategy" is just asking people who have done ther homework how they appreoach the market. read the "market wizards" books and you will see what the "strategy"....risk control, money management.

Not true. If risk control and money management would be all that is needed, then someone by now would sure come up with a way to constantly win in roulette. As far as I know this did not happen yet.

You need the edge, and then you solidify it with discipline, risk control and money management. But if you do not have the edge, NOTHING will help. Instead of quick death, you might end up with small bleeding that will eventually kill your account.

 

[TrendSailor]

Quote from RedDuke:

Not true. If risk control and money management would be all that is needed, then someone by now would sure come up with a way to constantly win in roulette. As far as I know this did not happen yet.

You need the edge, and then you solidify it with discipline, risk control and money management. But if you do not have the edge, NOTHING will help. Instead of quick death, you might end up with small bleeding that will eventually kill your account.

Actually Ed Thorp was banned from Casinos for developing a system for consistently beating the house by using optimum betting techniques. See http://en.wikipedia.org/wiki/Edward_O._Thorp and http://www.777.com/articles/edward-o-thorp-the-man-who-beat-the-dealer

He and some of his fellow went on to developing hedge funds that used computer technology to find inefficiencies in the markets and made a fortune in options trades. Then it all caught on and inefficiencies were worked out of the market by others doing the same thing.

TS

 

[RedDuke]

Quote from TrendSailor:

Actually Ed Thorp was banned from Casinos for developing a system for consistently beating the house by using optimum betting techniques. See http://en.wikipedia.org/wiki/Edward_O._Thorp and http://www.777.com/articles/edward-o-thorp-the-man-who-beat-the-dealer

He and some of his fellow went on to developing hedge funds that used computer technology to find inefficiencies in the markets and made a fortune in options trades. Then it all caught on and inefficiencies were worked out of the market by others doing the same thing.

TS

I said roulette, not black jack, where card counting can tint the edge in your favor. With help of 0 and 00, roulette has an edge of about 5% against the player, and no matter what you do it can not be beaten. No money management will help here.

That is why I said, that the edge is the most important ingredient, if it is missing, you might as well go to casino, at least there you get free drinks served by hot waitresses.

 

[AaronCapps]

IMO, it comes down to competing for the same prices. If other people know your strategy, then they can and will place orders at the same time, meaning that you are in a race to be the first executed, or the first to place your limit/stop. Like another ET member said, in a thin market like the ER2, the extra volume could cause you to end up getting slippage. I can not think of much that would make me more aggravated then getting slippage on my own method because someone that is closer to the exchange got in a second before me.

Also i know of one time, when someone took another person's method and made their own company off of it.
The sad part is that he ended up doing a better job then the original.

 

[JimmyJam]

Quote from Trader666:

% wins is meaningless without avg win & loss stats. This is a common beginner's misconception.

Yes T666, you are correct.

I put the blurb together @ 3:0am ET, so I wasn't trying to highlight all of the key points of a winning system, just a few of them.

But since you mention it, let's make it a Win:Loss ratio of anywhere from 1:1 to 3:1 . In real life, W/L ratios are going to vary based on a number of different criteria. But lets say on a monthly basis, the system will at worse case scenario breakeven.

So there you go elit, no one is going to give away a system with a positive expectation of anywhere from 70-85% and a W:L ratio of anywhere from 1:1 to 3:1 (or higher, varies on a monthly basis, but never lower).

... and when you get one, neither should you.

JJ