This bull market is rife now with cash poor people with "awesome trading bot" sales pitches. Trade for yourself. Build up your own funds. Stop begging.
Are you a deposed prince on whatsapp? You like what you hear and wire $10K to your backer? What TF nonsense is this?
There is a tail chance he might be a genius systematic trader. My prior, obviously, is that he's a scammer or an idiot.
you’ve been hanging out here for a while, didn’t get what you want yet. i suggest you hire your employees in stamford ct initially, lot of smart guys there. or trade your own money in mes and mnq, if any good, you already make some. 1m is not required.
Sorry, but it seems you do not trust in your own work. So you want someone else risking his money. In case there is a bigger loss, it is not your money and not your loss. But in case you win, you will get a good portion of that gains. Because you could easily start trading micro Futures from the beginning and then scale up quickly and easily if your risk adjusted returns are true what you say. You probably would loose 6 months or up to 1 year max. when you do scale up on your own. And third you need a license to take a million from third parties as this is not allowed to do privately. Usually it is not worth the efforts until you want minimum 8 digits AUM, but then again a marketing and sales division is also required and you need to spend a lot of time on meetings with potential investors. You also can apply for a job, but you can easily get kicked out after they have your algorithm and then you are left with nothing and they can easily destroy any alpha in no time with enough money invested there. So the best option is to be quiet and trade it on your own and scale up quickly. But it seems you do not know this, so I guess your algo is just another one in a thousand that has some alpha for 6 up to 12 months and then it is completely gone and you have to start from the beginning. I have not found any fine consistent fully automated strategy that did work longer than 12 months in realtime, and even here I was just lucky as the time was favorable in the markets for those strategies. So be prepared for the worst that you cannot make any decent money out of your latest findings/results.
If you're going to commit to this... please use line breaks/paragraphs. Regardless, what you wrote is ridiculous. Like there are no CTAs <$100MM. Marketing and sales division. Check.
Not sure what you mean. By gathering capital, he doesn't have to disclose the secret sauce of his algo. With 8% max drawdown, why not gather as much capital as possible and ramp up asap? Btw, he is probably looking for high net worth individuals. If one has $20M to invest, why not allocate $1M away from blind sp500 indexing, to put into this or some other algo? You gain diversification benefits as his algo has nothing to do with sp500.
This comes off as very dismissive. I am sure the high net worth individuals who look into this deal will be asking for more trading stats beyond the 8% max drawdown as part of their due diligence. No need for the OP to disclose all the stats publicly here as poor traders like me don't have the capital anyways.