Trading patent algo

[viruscore1]

The first step in your journey would be to speak with a patent attorney, who knows what it is all about. They can lead you on the path to where you need to go, if you are serious about your idea.
And that is the key...If you are serious about this "algo patent" idea, you would not be asking here. You'd be asking an attorney that knows this part of the law.
Speak to an attorney.
Speak to an attorney. Do you get it?

Thanks but you're stating the obvious. I'm having drinks with patent examiners. These are the people sitting directly on the other side of the table from the lawyers. IMHO I need one of them to join my startup...

 

[sprstpd]

And it takes one to know one. Why the name calling when someone is protecting their hard work. IMHO you just want profitable algo's for free. You're the exact type i would want protection from. You'd look good in orange.

You must think your sh*t doesn't stink. You lower humanity by your actions.

 

[sprstpd]

Why do most threads turn into penis slinging contests?

In this particular thread, it happens when people try to patent inherently unpatentable things. These patents just add friction to society's progress when they shouldn't exist. Anyone involved in these types of patents must be either supremely arrogant or supremely greedy. These types of patents are a bane to society, yet they keep happening.

 

[viruscore1]

In this particular thread, it happens when people try to patent inherently unpatentable things. These patents just add friction to society's progress when they shouldn't exist. Anyone involved in these types of patents must be either supremely arrogant or supremely greedy. These types of patents are a bane to society, yet they keep happening.

It takes more than 10,000 hours to develop a consistent and profitable system. So you're saying all their hard work should be given away to the like of you.
With software you'll see more IP protection. Obviously you don't get it, you're looking for freebie's. Well, you know what they say. You get what you pay for...

 

[lovethetrade]

It's not viable to patent an algo because patenting requires exposing it to the market so the market is aware of what it might or might not be breaching.

Once it's exposed to the market there is no way of monitoring a potential breach, almost anyone could use it without detection defeating the whole purpose of patenting it in the first place.

This was slightly incorrect, full details are not visible to the public but you will have to provide full details during the application process which increases the risk of a leak occurring.

It takes more than 10,000 hours to develop a consistent and profitable system. So you're saying all their hard work should be given away to the like of you.
With software you'll see more IP protection. Obviously you don't get it, you're looking for freebie's. Well, you know what they say. You get what you pay for...

Agree it takes 10,000+ hours to come up with a credible strategy but to think others aren't already using exactly the same or similar logic in their strategies is bit naive. I have little doubt the big investment banks and funds like Renaissance are fully aware of the logic I use in my system especially given that price behaves in accordance with that logic.

 

[lovethetrade]

This was slightly incorrect, full details are not visible to the public but you will have to provide full details during the application process which increases the risk of a leak occurring.

Agree it takes 10,000+ hours to come up with a credible strategy but to think others aren't already using exactly the same or similar logic in their strategies is bit naive. I have little doubt the big investment banks and funds like Renaissance are fully aware of the logic I use in my system especially given that price behaves in accordance with that logic.

@lylec305 That's not to say it's not your intellectual property and can't be protected by a confidentiality agreement. Whether patents or confidentiality agreements provide any real practical protection is debatable and hence why most traders that get into systematic trading become developers also.

 

[wrbtrader]

It takes more than 10,000 hours to develop a consistent and profitable system. So you're saying all their hard work should be given away to the like of you.
With software you'll see more IP protection. Obviously you don't get it, you're looking for freebie's. Well, you know what they say. You get what you pay for...

Wouldn't those involved just sign non-disclosure agreements instead of trying to go the patent route ?

Maybe my question is more about what lovethetrade is talking about in reference to "confidentiality agreements".

 

[CrashProof]

Here's the key that determines whether or not ANY idea should be patented, regardless of how brilliant it may or may not be. Can you enforce it???? If not, don't waste your efforts. There is more to lose and nothing to gain.

End of conversation... and by the way, mine is bigger.

 

[danielc1]

So, if I understanding correctly and make a simpele chart flow that illustrate that when you buy x at price y and sell x at price z, for any reason I can make up, it can be patent? If this is true, then every profitable trading system would be a patent breach, because all profitable trading system share a specific logic to make a profit... patent registration is a business and when you ask someone in that business if you can patent something, why would they say no? Every smart person can make a nothing in to something with words. Doesn't mean there is any real merrit in it and/or useable in the real world.

 

[SoesWasBetter]

"Every smart person can make a nothing in to something with words. Doesn't mean there is any real merrit in it and/or useable in the real world."

you just described bitcoin