Would you collaborate with a programmer if it meant sharing your system/research?

[alistera]

There are set rules especially iterations.

Otherwise the markets wouldn't function but you don't know them.

The success rate in life is to 20%, most everything resolves around that number including financials.

Since 2022 if you cannot sustain above 20% success rate your wealth will evaporate faster than you can make it working for nothing [WEF].

You have to go through at least 3-5 iterations for the end result, the longer you wait doing nothing you can use other people's work but so can everyone else.

 

[2rosy]

I dunno what you’ve seen. You act very arrogant and then talk in very strange percentage terms and small dollar amounts. Your terms are non-standard. I don’t know if your language translator or something else.

it makes no sense to quantify level 1, 2, 3. It’s not a video game. There isn’t some set rule on what one has to accomplish before they go to the next iteration.

Maybe they should try scrum, sprints, agile process

 

[newwurldmn]

There are set rules especially iterations.

Otherwise the markets wouldn't function but you don't know them.

The success rate in life is to 20%, most everything resolves around that number including financials.

Since 2022 if you cannot sustain above 20% success rate your wealth will evaporate faster than you can make it working for nothing [WEF].

You have to go through at least 3-5 iterations for the end result, the longer you wait doing nothing you can use other people's work but so can everyone else.

What are you talking about?

Of course you have to develop your own stuff and constantly evolve it. But what's this nonsense of you charging based on the number of iterations? Everyone is different. For virtually every sensical strategy, someone is making money and someone is losing money. That's why markets function.

 

[alistera]

What are you talking about?

Of course you have to develop your own stuff and constantly evolve it. But what's this nonsense of you charging based on the number of iterations? Everyone is different. For virtually every sensical strategy, someone is making money and someone is losing money. That's why markets function.

Everyone is so clueless these days it's staggering, if you are not planning/building the next iteration while the first runs you are behind, you either pay for that advanced knowledge to catch up or you work longer hours to catch up, no one does either, simple.

Those are not my chargeout rates, those are the people who have to be called in to fasttrack depending on how much time has elapsed between your first iteration and now, Newton's Third Law, every iteration if done correctly will get you 20% further.

The world works on a 20% success rate hence why after a few years their first strategy fails or becomes too time consuming or needs too much extra capital or keep backporting endlessly trying to stop it imploding or worse, run previously automated parts manually.

If it takes two years to build an iteration (assuming it works which most don't) then every two years you lose an iteration, by iteration 4/5 you should have something stable for a generation, while backporting new ideas in to the running version to keep it current.

This is like Development 101, I seriously have more interesting things to do than explain this, damn that's ridiculous no wonder everyone uses ChatGPT.

 

[newwurldmn]

Everyone is so clueless these days it's staggering, if you are not planning/building the next iteration while the first runs you are behind, you either pay for that advanced knowledge to catch up or you work longer hours to catch up, no one does either, simple.

Those are not my chargeout rates, those are the people who have to be called in to fasttrack depending on how much time has elapsed between your first iteration and now, Newton's Third Law, every iteration if done correctly will get you 20% further.

The world works on a 20% success rate hence why after a few years their first strategy fails or becomes too time consuming or needs too much extra capital or keep backporting endlessly trying to stop it imploding or worse, run previously automated parts manually.

If it takes two years to build an iteration (assuming it works which most don't) then every two years you lose an iteration, by iteration 4/5 you should have something stable for a generation, while backporting new ideas in to the running version to keep it current.

This is like Development 101, I seriously have more interesting things to do that explain this, damn that's ridiculous no wonder everyone uses ChatGPT.

I dont understand why you are charging someone based on iterations.

I'm not disagreeing that you should always be evolving.

But you offered to fastrack him from $/hour. Presumably the same hours as if he only asked you to help him for 1 iteration.

 

[hilmy83]

Hello all.

Long story short I have a custom trading system/program written in C# which was built to me by a professional firm over 10 years ago by now. Since the first iteration I've had subsequent upgrades up until the point where I'm mostly satisfied as it covers most bases. This is not an automated trading system, but what I call a statistical model.

The main problem at the moment with the software is that the program outgrew its original specifications (which was rather simple), such that particularly updating of data isn't as smooth as it should be considering that I use it intraday as well. Also, I've had to add some of my own calculations later on in Excel. However, it does work, although not optimally.

I wasn't really planning on doing anything more at the moment, but have now been approached by a programmer who's very eager to collaborate with me. Roughly, the deal will be that he re-writes my current model/system taking care of all present issues and adds a few new features. In return, I pretty much give him everything which I spent so many years developing and researching.

I have two concerns:

1) How can I be certain that this guy doesn't leave me in the dust as soon as I've divulged the current source code/calculations?

I know it's possible to create contracts, but I'm still a bit worried here.

2) Simply the act of sharing everything I accumulated is something that makes me conflicted. I spent a great deal of time, trial and error to deveop what I have. And then I'm simply going to hand it out to some stranger?

The obvious benefit to me is that I may be abe to finally complete my system and have at hand a much better and more efficient program without investing any money.

Additionally, there's the possible benefit of developing something even better together. If we continue working together he can quickly implement new ideas for testing, etc.

Any thoughts?

I wouldn't worry about it, especially if it's just a statistical model. Good developers have tested more ideas through their own work and from their clients then what you can possibly imagine in your lifetime.

The fact that there are good developers still offering services means most of those ideas/models are crap like someone previously mentioned.

By the way, in the 10 years that has passed, has your model been able to produce significant returns, something that a hedge fund would buy outright? I remember you keep mentioning you trade a "piker" account, but do you have other account with significant size that trades off this model that generated like 7 figs?

 

[Laissez Faire]

I wouldn't worry about it, especially if it's just a statistical model. Good developers have tested more ideas through their own work and from their clients then what you can possibly imagine in your lifetime.

The post you quoted was made over 1 year ago. Today, I know that my concerns were justified as I'm left with nothing and for all I know the developer I worked with may be continuing on his own.

By the way, in the 10 years that has passed, has your model been able to produce significant returns, something that a hedge fund would buy outright? I remember you keep mentioning you trade a "piker" account, but do you have other account with significant size that trades off this model that generated like 7 figs?

Periodically, yes, but I still have a piker account.

The initial model was created 10 years ago and didn't have much value as I quickly saw the flaws and lacks when I started using it and testing with it. The final version that I have now was only completed a few years ago after various updates over the years.

 

[DeMurph]

We all are sharing our information with the world through this social media and cookies on the google.

 

[alistera]

Presumably the same hours as if he only asked you to help him for 1 iteration.

Everyone gets what they pay for not more not less, I'm at the bottom of the ladder yet worryingly still on a higher rung than everyone, I have in-memory code sitting here used on the 2nd gen (iteration) as that is how you would progress.

Anyway I have what I need from this, I assumed given the past weeks, months, years in the world that everyone now finally understands 'big wins' don't work, but apparently the show must go on

 

[newwurldmn]

Everyone gets what they pay for not more not less, I'm at the bottom of the ladder yet worryingly still on a higher rung than everyone, I have in-memory code sitting here used on the 2nd gen (iteration) that he needs.

Anyway I have what I need from this, I assumed given the past weeks, months, years in the world that everyone now finally understands 'big wins' don't work, but apparently the show must go on

I think your English translator is failing you.