Experience selling a trading program

Wow man not being mean just forget about it.

There is so much more that needs to be put into what you have it is ridiculous. That is if you want to be professional in your work. It just leads down a rabbit hole that I wish I never would have ventured down myself.

Now, for some constructive criticism.

1) What are you trading?

2) Your drawdown is too large.

3) We need more facts like annualized volatility, sortino, sharpe, max drawdown length from peak to trough

On top of all of this your sample size IS WAY TOO SMALL.

Also, what software have you tested this on? Are you sure you are not getting preferential fills? There is a better than 80% chance IMHO that you are depending on how exactly you are testing this.

 

As someone mentioned before, don't bother selling the system, sell the signals. Post your signals in real-time or semi-real-time and allow free access to it (website, twitter, emails, etc)...this is the test-drive period. And I'm not talking about a test drive period of 1-week. You need to be able to demonstrate consistency through a longer time frame (at LEAST a month or three) and through a good number of signals. Put yourself in the buyer's seat. What would you want to see before you plunk down $X?

Face it, nobody is going to come along and pay $10k on an unproven or unknown system.

 

Nothing special, do not even bother trying to sell it. Short testing period too. To save trouble do not try to sell anything that does not have an audited record of at least 2 years.

 

Thanks for all the input everyone.

I understand that most automated trading strategies don't last forever. Posting on here really doesn't do much for credibility anyway with the amount of trash that is posted daily.

I think the best way to go is to find a backer or set up a leasing program.

 

Listen.

Time to face the facts mang'.

Don't you think it would be more advantageous to buy the historical high quality data than waste some other guy's money chasing a dream, or most likely better put "nightmare"? Like anyone with an understanding of statistics would even balk at something like this. But the internet is a great place to lure in the unintelligent if that is your main goal. I am guessing it is a little of both for you? Trying to lure someone in while in the back of your mind this is "the one", after 10 hours of research this is probably it?

In reality this strat has most likely 1 full random week of irratic SP500 movements to totally wipe you out. With that drawdown, for sure.

Do you think you are really smarter than the market with your 15 minute candles and your historical .0000001% sample? OMG, I almost have to literally laugh - but then again I was like you once as well. I wish someone would have totally made me see what I do today.

So that is why I am relaying this in a manner that will either make you want to quit or make you work 10000000x harder. God knows it has to be that much more in depth if you want to ever have anyone on this board take you serious that has more than 6 months of lifetime investment experience in any one market or an IQ over 95.

This also doesn't even start to get into the details of you getting more than likely preferential fills and about 1000 variables I am guessing you haven't even thought of yet.

Trust me, like I said, you are about 20,000 hours away from even sniffing professional money. Don't be an idiot. Take the job at Publix or Hy-Vee depending on where you live. In 10 years you might even make assistant manager in the deli dept.

 

If you really have something that works well, you could TOPM (trade other peoples money) vs selling the program like I do. There are advantages and disavantages which I won't go into here, but here is what I did.

Traded the program for 2 years to have an actaully trading record. Also created and nice easy to understand back test chart covering 10 years. Then I found a few people that understood the risk and had some available cash. It is a slow process, but like I said, if you have something that actually works, then there will be no problem making money with it even if you don't have much money to trade like me. It will however take a little bit of time to get everything in order as there really is not quick way. Either way, take the time and do it right.

 

Buckle up, get some balls and trade it for your sell, if its any good you will know soon enough.

 

Well said.

 

Will do soon as i get some money. Kinda hard to scrape 5k together after just graduating college.

 

As stated, i KNOW I'm far away from attracting professional money. I have tested and developed this strategy since 2003 and i know it works. I just don't have money to allocate the data into a robust back testing platform, again stated in my initial post.

I have it set up for collective 2 and it is 100% automated. We'll see if it continues to work. It's called 'The British Pound' on Collective2. Bookmark it!

Also, the personal attacks are pretty juvenile. I'm not flaming or disrespecting anyone. If you view me as a naive piker, like I'm sure many others have after reading this, then please say it nicely or not at all.

I have much more trading knowledge than you would like to believe and i understand the statistics of systems. Or maybe if you have read some Taleb you would know that just because i have 10 years of historical data and great performance doesn't mean it'll be received any better by professional money.

Risk vs. Uncertainty
There is a difference my friend. I would point you in this direction:

"Risk, Uncertainty and Profit"
By Frank Knight

“There is a fundamental distinction between the reward for taking a calculable risk and that for assuming a risk whose value itself is not known,” Knight wrote.

A known risk is “easily converted into an ‘effective’ certainty,” while “true uncertainty,” as Knight called it, is “not susceptible to measurement.”