lol, please spare me this bs. Posts like this ensure I will never ever in my lifetime host with you. How creepy. Seriously dude, there are people out there who murder for 1000 USD. Can you believe it? So, tell me you can guarantee nobody of your employees does not steal code for 100,000 USD? If you dont have employees how can you proof you won't be in financial trouble, have a sick son who needs medical treatment and your business is close to going bankrupt and that you are not tempted to take a peek and possible sell couple gems to those who know how to use such code? Do you have proof? Of course you dont, and you dont need to but please respect others for being skeptical and cautious in a natural way.
you are wet behind the ears in the same way that you looked like a complete beginner in the systematic trading optimization thread a while ago. Regarding your comments about retail traders you show an amazing lack of intellect as well: Why do you think all those bucket shops run "trading competitions" where you are only eligible to enter if you host your strategy on a "secure" server with them. How about MT5, how about many other shady Russian retail charting packages (I will not name them here) that have algorithms built in to harvest strategy ideas? How about shady retail brokers that offer to host your strategies on their servers for proximity hosting purposes (please do not make me laugh out loud, it just sounds funny: proximity hosting in combination with EL strategy code, or Ninja Trader strategies...;-) Whether it is worth it and whether they find something of value is an entirely different story. Fact remains that yes, there are uncountable situations where retail brokerages, vendors, data services, and the like have attempted to steal code. If you deny that then it only shows how little you actually know about financial services. Case closed!
100% Agree. And if someone Fails in trading, it is certainly not because the strategy has been stolen. Some People use it to Point their fingers at someone else to blame others for their failure (95% lose over the long run). A good and Successful Trader will ALWAYS make Money - no matter how many People know about the strategy.
Pro, the question is not whether a good trader will always make money -- of course they will. I had a friend of mine who found a fascinating niche in the travel industry and built it into a bonanza. He then discovered that two of his employees had found a way to fleece him for about $100,000 over a year. He documented it, had them arrested and recovered the funds plus interest on a three year payout. Each of them were later victims of their own bad karma ... both were mugged and suffered brutal (but in no way life threatening) beatings shortly after the three year payout was completed. Karma truly is a bitch. My point is that all the while they were stealing from him he was not only making money, he was making a great deal of money. More money then he ever dreamed his niche would ever be able to generate. Nonetheless there was a leak that needed to be plugged.
No. I don't see any reason why anyone would need to follow in real-time for an extended period unless they are trying to copy trades. That was just to give them a little feel for the program.
This happens all the time. Did you read the article on google employee stealing PPC keywords from somebody who was making alot of money with it? Yes he was convicted but this shows money can corrupt where you least expect it.
According to www.cmegroup.com "Issues and Insights for Starting a CTA Business" Q Transparency Transparency is a delicate issue between a manager and investor. Some investors insist on separately managed accounts not only to achieve complete transparency, but also to have ultimate control over the account. Many other investors are satisfied being in a pooled vehicle. CTAs who are not overly concerned about outsiders analyzing their trading in order to âreverse-engineerâ their process, may provide complete transparency. More often, all customers receive periodic snapshots of positions with an agreement that investors may check on the portfolio whenever they desire. Open communication with investors is in many ways more important than mechanical transparency. UQ