If your trading system is profitable you could sell the trading signals (not the system itself) on trading websites like Collective2 and collect monthly subscriptions fees. After a year and with only 50 subscribers (each paying you $100 per month for the trading signals) you would have 60K to trade with.
- What about the 75% that you didn't automate? Was that useless, or what kind of substitute do you have for that part now? - Can you backtest from July 2003, or at least January 2007 and show results? - Can it be traded at minimum position size, ie. 1 contract "all-in" / "all-out" ? - Is this strategy designed specifically for CL? Which other markets is it profitable on?
The other 75% would be a little harder to automate. And prefer to trade it manually. The backtester in ninjatrader uses ohlc data, my strategy's logic needs to process realtime tick data to find valid setups. Therefore I can only forward test it in sim and market replay. Yes can trade at minimum position size, and all in/out Tested it Nasdaq, russell, crude, and natural gas. Crude and natgas had the best risk:reward and profit
You can always use an additional 1-tick TF, and from it "manually" build the developing bar in the main TF if you need that. Without the ability to backtest it extensively, your source code is worth nothing IMO.
I thought all of ET were 1%er's. I figured most guys on here started with a 5k account and now are making 300-500k/year with sharpe's in the 3+ range consistently.
Backtesting is completely worthless. Why would I need to backtest a pattern that I know worked 10 years ago and will continue to work in the future. Your system may work great in back testing, but you show no proof of forward testing or actual real profit.
Dude but dom is right you know, with backtest altough its not a guarantee of future success but it can invalidate a strategy. Can't you export it to multicharts.net and use the backtester tick data ability and then post the backtest result for at least 6 months.
This is from the multicharts wiki "Historical data available for backtesting will, in most cases, be in the form of time-based bars (minute, daily etc.) based on a group of ticks, with only Open, High, Low, and Close prices available. " OHLC is worthless, because my strategy needs real data to work correctly.
Your OP was along the lines of "I want to sell the source code, how much is it worth" ... it is worth what potential buyers are willing to pay for it, and I gave you my point of view as one of them.