I personally prefer strategies that have a backtested result, which can easily be uploaded. That way it can reduce the "observation" or "out of sample" period dramatically. At the moment there are no limits on how many offerings (published trading ideas) a publisher can offer.
This world is getting so complex... 1099 in the US, SSN in Switzerland, AOE in Austria.... I think you get the picture. Each country has their own rule, but they all have one in common: If you have income, you have to declare it. So the best way for each publisher is, to declare his income.
- Futures? - Intraday? - Are the signal providers flagged by real money traded ( by the signal provider) or hypothetical? - How is the signal acted upon bu subscriber? Autotrading?
Signals can either be entered manually (acting upon daily email) or downloaded to Wealth-Lab software for order placement (manual or automatic). We're considering this, at the moment our choice of instruments is reflected in this post: https://www.elitetrader.com/et/threads/introducing-wealthsignals-com.337484/#post-4955876 Hypothetical. -Eugene
To be more specific, WS runs the orders every minute to execute the trades as realistic as possible. Limit and stop orders are executed are executed during the day.
so the signal providers don;t risk any money in the market! also if the signals are provided on EOD then when are they supposed to be executed? between close of day and next day open thing can happen globally!
I am not saying they do or not do risk money in the market. I would think they do so but it is not verified at the moment. WS is focused on the US market. So right now the orders have to be published before the US market opens. Execution takes place during the normal trading hours. I agree, a lot can happen between the close of the day and the next days open. However, from my 40 years experience you can avoid the overnight pain by not leveraging too much. I can see that there is a large interest in intra day trading and we work hard to include it.