Good Evening mikeriley, These automated strategies are unrealistic and require +$200,000 to start trading all of them.
There is a logical paradox here. Don't pay any fees until you make money. This is the rule. If he is confident in his automated strategy,
Start looking for partner again // Only one person, and put new restrictions First, you must have： 1. You have quantitative thinking and have given up the idea of subjective trading // If you are still trying manual trading, please don’t join me 2. Aged over 40, futures trading for at least 5 years 3. Be sincere and kind, we have common values, to be friends for a long time 4. Understand what it means to have automated trading that can make continuous profits? Second, what can I provide 1. 100 trading signals, and there must not be a single Wrong direction in the market of big rise/fall, CL/GC/ES, until you meet your requirements, we will discuss the terms of cooperation, and never use your own money to trade, //Currently, my strategy has an annualized rate of return of 80%. If the "slippage" problem can be solved, the net profit will be increased by 10-20%, the maximum drawdown is 5%, and the Sharpe ratio is 2-4 (different contract varieties) 2. Even if you lose hundreds of thousands or millions, I still welcome you. As long as you are a kind and sincere person, I will help you pay off all your losses. //amos.davis.any@gmail.com
my restrictions would be why would i be made drive a dirt track car race at a fair ground when i just won the indy 500? what is the obsession trading a bunch of junk markets when the sp is the best there is? focus on one and be done.
PSA: As a remedy for boredom, I reached out to this "Amos Davis" chinaman, who also goes by "David." He took the bait: Despite the anodyne "you must be sincere" and "friends for a long time", it turns out he's a charlatan. Holds himself out as an AI expert and trader of 20 years, yet doesn't understand basic market mechanics, such as the difference between tick volume and contract volume -- endless dilatory "testing" of such and specious complaints that they don't match. Farts around with a crude algorithm for comparing IB data feed to others. Communicates in an abstruse manner to veil lack of any real progress. All the while, it turns out he'd like to get your broker credentials for testing 'when you're ready.' Can share more in PM. Post your own experiences here, should be fun. Fraudsters delenda est.
You can make money through algorithmic trading. But what exactly do you mean by trading? If you're talking about day trading, forget about it. With algorithms, you can only make money in the long term. It buys and sells on your behalf. Instead of trying to beat the market, you should focus on making profits. Statistics is the biggest lie in history. A backtest is just another statistic. Therefore, a backtest is also a big lie. Even the best day trading algorithm works only until it doesn’t. In backtests, you have no real influence on the market. There’s no actual buying or selling. If you had bought there, what would other algorithms have done? You have zero impact on the ecosystem. Even If you factor in commissions, there’s slippage. Similarly, there’s the size of the orders in the book. Do you think the reason the spreads are so tight is because of us retail traders? Without market makers, those order books wouldn’t be so full. So, when you open a long or a short position, don’t forget that the person on the other side is most likely a market maker. Let me show you the final version of my algorithm equity curve, which had a max drawdown of 30% in a five-year backtest. It cost me more than $100K. Now let me show you what happened after 2023-05-10