Requires 15min and 5min data, avg 1.5 trades a day on equities. By latency I assume you mean penalty from being scalped by HFT in order execution. This I don't know and I don't currently have a data based method to discover this although working on it seems interesting. Hold time is usually a few hours, so it can hold overnight and that cost has been considered. All slippage, fees and margin costs have been considered. If I'm understanding you correctly by min buying power, you could easily implement it with 10k. You would not want to start taking positions larger than depth at best price since it would have a large effect on mean return.
Ok. I had considered that but started to feel that those places are scams. Can you say from experience that they are not? The other barrier there isn i have to find a way to automate without api access, which i thought might be possible by building it with pine on tradingview and running it through there.
Well, I didn't exactly ask for money, just looking for suggestions on a way to launch a strategy when I don't have many resources. It is long/short and requires high leverage which makes it some what prohibitive since hard for poor people to get margin account.
So it actually has potential for way more than 20% annual. Also if I were to trade it myself I would pick forex, has much better volatility performance there. It requires long short and probably 200x leverage, so the barrier to get an account like that is preventing me for the time being. I mean you are right, that just 10K would actually launch this, but I don't have it or the requirements to get the proper account if I did have it. And yes, it is might conclusion that this strategy is probably in the top 10% of available strategies. A little about me, I have investigated hundreds of strategies for myself and others as a consultant maybe over a thousand and not one has ever seemed viable for the amount of effort and risk. In my experience most funds make money by amassing huge AUM and skimming from market performance, blaming the market on bad years and taking credit on good years. Or there are the firms that find a way to legally exploit the structure of the market, a prime example is HFT front running trades. Out performing the first kind is not that big a deal, a lot of their advantage is cost arbitrage. Like you could run exactly the same startegy from home, but lose case you have too much friction. Out performing the second kind is a very very big deal. I'm just here to get some suggestions from the trading community to help expand my options. Investigation of the options of the domain experts.
Won't go into it publicly, but unfortunately I have developed a disability that makes it not possible for me to work a steady job like that, which is a main reason I started working on a fully automated strategy to begin with. Ideally I would love to sell the strategy and tech off and collect a royalty of some kind and keep myself available for improvements and patches. I don't even know if that's a thing.
So if you notice, I'm not begging for money, I'm appealing to a forum of experts for advice and suggestions on how to do something. And if you look at my other responses you will see that for people with no money, starting a trade has some barriers to entry.
FTMO is trustworthy. You need to do some research because not ALL props are good. Only a few of them are good. Like Alpha Capital Group, and maybe 5ers or FXIFY. You can make a lot of money with them. They are good for what they are built for. If you can trade Forex, Gold, or Indices they are best way to accumulate some capital.
Well I literally have none. Probably hard to imagine, but actually zero. I stole crackers a few days ago. Doesn't mean I can't raise a little or get a bar job, but under most conditions it's nearly impossible to save 10k with regular job and then getting the proper account for long short and high leverage is also a barrier. I will look into those suggestions, never heard of them. Thank you!
I do know this and have actually had the experience of making a few faulty backs tests only to discover the error after being totally elated for a few days. I have run a lot of data analysis for other people including back tests. This one is solid though. I even had an old colleague of mine from grad school audit the code because I was skeptical, but its legit. Now to be clear, I actually don't know that much about trading a short term strategy on equities, so I might be neglecting some fundamental friction on those particular assets, but I know about crypto and forex pretty well, and that analysis is complete and solid.
Awesome. Thank you for the legit sincere suggestions. I will totally disagree with you on the back-testing though. Prepared properly a back-test should be pretty close to the truth. That has been my experience in the past anyway. If you don't believe me, give me a shot at something you're toying with or something you have already been working and I'll prove it. But also seriously thanks for the advice. Just kinda thing I was looking for.