Would you ever lease your indicator?

[Crispy]

Quote from El Guapo:

Alright, too much vinegar in the urine today...

Greed rules, always will...with any system or model that produces well and is scalable, why does the creator feel the need to lease.

Generous and a willingness and desire to help others? Please... if that were the intention, those desires can easily be fulfilled through charity or there would be no costs associated with the system.

Sure, we're all unique and all have different motivations.

`

I am a terrible trader. I have tried many times over the years to beat my own personal demons. It always starts well, then I ultimately end up regretting the venture. It is simply not in my genetic cards to trade properly.

On the flip side, I am one of the best analysts there is. I have worked in the trading biz for over 10 years now and my friends, colleagues, contacts and my sole client can vouch for my skills in calling turns, targets, sentiment and uncle points. I am pretty certain was born with the ability to feel out whats going to happen next before most everybody else. But that gift was offset with the inability to pull the trigger properly.

So after years of losing money in my PA while watching everybody I spoke with daily make money on my calls I decided to monetize the skill set the best way I could. The best way for me was to build out my discretionary approach into a hard model. That took a couple years to get out of my head and onto a spread sheet. But once I had it down it was just a matter of putting the word and to all my contacts that "my IT was for sale" and got a taker.

At this point I have no desire to attempt trade myself again when I get a fat check for doing what I am good at. Analysing.

 

[Crispy]

Quote from intradaybill:

Your argument is called a strawman in logic. There is no such indicator. All known to men indicators require subjective input. This includes all trading systems. Full automation is a huge fallacy. They also require risk and money management.

I have said in the past that I know a guy who made millions trading a moving average envelope. He had his own way. Others trading the same envelope lost money.

The edge is in the word "context". I forget who is using it here contantly but he is right. It is the context that provides the edge, not the indicator or the system.

Well said.

 

[stopnlimits]

It really doesn't make sense. With the internet being so prominent, you lease your indicator and in ten minutes some third person half way around the world can get a copy of it without your knowing. Pretty soon, if the indicator is good, so many people have it that the profits it gets are diluted.

No. The general public will never have access to high quality indicators.

 

[HowardCohodas]

Quote from Crispy:

I am a terrible trader. I have tried many times over the years to beat my own personal demons. It always starts well, then I ultimately end up regretting the venture. It is simply not in my genetic cards to trade properly.

On the flip side, I am one of the best analysts there is. I have worked in the trading biz for over 10 years now and my friends, colleagues, contacts and my sole client can vouch for my skills in calling turns, targets, sentiment and uncle points. I am pretty certain was born with the ability to feel out whats going to happen next before most everybody else. But that gift was offset with the inability to pull the trigger properly.

So after years of losing money in my PA while watching everybody I spoke with daily make money on my calls I decided to monetize the skill set the best way I could. The best way for me was to build out my discretionary approach into a hard model. That took a couple years to get out of my head and onto a spread sheet. But once I had it down it was just a matter of putting the word and to all my contacts that "my IT was for sale" and got a taker.

At this point I have no desire to attempt trade myself again when I get a fat check for doing what I am good at. Analysing.

One of the best explanations of the two components of a trading system (trader, strategy) and how a good trading strategy can still fail because of the limitations of the trader.

Thanks.

 

[Rabbitone]

Quote from intradaybill:

Your argument is called a strawman in logic. There is no such indicator. All known to men indicators require subjective input. This includes all trading systems. Full automation is a huge fallacy. They also require risk and money management.

I have said in the past that I know a guy who made millions trading a moving average envelope. He had his own way. Others trading the same envelope lost money.

The edge is in the word "context". I forget who is using it here contantly but he is right. It is the context that provides the edge, not the indicator or the system.

Excellent Post…

Another way of saying this might be that my indicators work far better than anyone else’s because they meet all my goals and objectives. And so the 30+ indicators that I have built all meet the specs of my trading plan.

 

[kut2k2]

Quote from stopnlimits:

It really doesn't make sense. With the internet being so prominent, you lease your indicator and in ten minutes some third person half way around the world can get a copy of it without your knowing. Pretty soon, if the indicator is good, so many people have it that the profits it gets are diluted.

No. The general public will never have access to high quality indicators.

What about vendors selling blackbox indicators? Selling something that works and disclosing the inner workings aren't the same thing. I look at all the clowns claiming to have reverse engineered the Jurik moving average and I laugh. I can tell from my own research into adaptive smoothers that what the "reversers" are posting is sheer garbage. The general trading public already has access to high quality indicators, but most are either too cheap to pay for them or too ignorant to figure out what to do with them.

 

[Zr1Trader]

+1 I agree about context. Understanding context takes a lot of screentime and experience but it is so important for gaining a competitive advantage.

 

[SnakeEYE]

Quote from El Guapo:



1.Would you ever share it by leasing it to the general public?

2.I mean, come on, why would ANYONE do this?

1.Sure.It`s Williams` 'Alligator'

2.Don`t mention

 

[StockBagger]

if anyone has an indicator to lease and can show proof, let me hear your terms.

 

[tradeavenger]

my indicator will guarantee that you at least become a breakeven trader. Is letting go for 30k expensive?