Quote from Reload:
Have you guys ever visited www.collective2.com? There are a lot automated system running there, waiting for investors and subscribers....
But it is really difficult to achieve in algo trading. The randomness of market make it much much more difficult than you imaging, IMO.
Hi Reload,
there are good reasons why professionals don't use such platforms like collective2.
let me give you an extreme example.
there was a fell that ran his own automated strategies on the prop desk of a top tier bank. he's strategy would trade hundreds of tickers and he normally had around 2k positions. a lot of these positions were fake (fake trades and positions) in the risk reporting system and he would trade across multiple accounts. this was all so that no one looking at the blotter could reverse engineer the system. additionally he was not allowed to have a bloomberg terminal and not allowed to have a office phone line (figure why?).
so you have people running these strategies and they protect it like Salamon's key.. and then you expect them to put on a pedestal for all to see? I'm sure you understand what it means to have an edge right? nevermind having to disclose every trade, or better yet - use a third party platform that reads all your trades.
I can guess that if anything, the best strategies work for a short time before they they start losing money.
you must really have the money in your own entity, away from any middle party involvement to protect your business.
there are other issues too, legal etc. so in short, such like this are really a toy for retail clients who want to take part in games they probably can't in their own capacity. and yes some of them may make money, but not for too long. there are good reasons why some get paid a lot of money to manage strategies.
