Securing successful strategy from the broker stealing it

Discussion in 'Professional Trading' started by yoyotrader, Apr 27, 2020.


  1. can it be done manually?
     
    #161     May 16, 2020
  2. henry76

    henry76

    I don't really agree with last few posts , accept that highly profitable traders are rare, but there are some , if you read stock mkt wizards etc you find a lot of secrecy regarding actual methods, which seems a normal reaction to me. So I sort of agree with qaz , and the more successful the more the interest, at some point it must get really difficult to keep secret, not just programmers , but maybe even people like regulators , wasn't there are recent scandal involving a report on how serious corona was going to be in the states?
     
    #162     May 16, 2020
    shh likes this.
  3. virtusa

    virtusa

    What is a third party platform? And how to avoid them?
     
    #163     May 16, 2020
  4. qaz

    qaz

    Any trading platform that is not developed by the broker themselves but able to connect to the brokerage. Eg. medved trader, sterling trader, das trader, etc. Some Brokerages do use white label trade platforms so do be careful of those too.

    ps. I'm not insinuating that the above companies are involved in any shenanigans. They are just examples.
     
    #164     May 16, 2020
  5. virtusa

    virtusa

    I have the impression that almost no brokerages have their own platform.
    So platforms that appear on many brokerage are less safe? I would think that a platform that is offered by many brokers would be safer than an own platform. I would think that an own platform can easily be manipulated, while a platform that is used by many brokerages would be less manipulated as it is offered at many places and would have more risk to be exposed.
    Many big brokers offer several different platforms, these are all third party platforms. I see that AMP offers about 40 platforms.
     
    #165     May 16, 2020
  6. qaz

    qaz

    I believe they are mostly big brokerages that have their own platform. Smaller brokers like Tastyworks have their own too but are probably more rare.

    The point I was highlighting here is using a 3rd party trading platform, you are potentially exposing your trading habits to an additional party, as opposed to using the broker's own in-house platform. An extreme example is you are trading for a prop firm. The prop firm uses sterling trader, and TDA as the broker. The prop firm sees your trades via logs(in addition to your "sharing" sessions), Sterling might send logs of your trades to their server, TDA executes and tracks all your trades. That is 3 potential parties having a look at your trades and track record.
     
    #166     May 16, 2020
    shh and virtusa like this.
  7. Interesting
     
    #167     May 16, 2020
  8. shh

    shh

    For people who do not have multi-layered strategy and depend on price action of for example AMD to trade AMD (linear input -> linear output), one solution could be to request dozens of charts of AMD (different time frames and different indicators) at the same time; then make a decision (based on the criteria that actually matters) in sth like excel, and then route the buy/sell/shortsell/buyback signal for execution to the broker.
     
    #168     May 17, 2020
  9. shh

    shh

    Brother I like your non conventional way of thinking. But I have my doubts. It cannot be that we benefit from the brokers interference both on a momentum and mean-reversion style. Maybe the concept of averaging down is somehow Ok on equities because of the natural updrift. But I am sure on sth like the FX, where the monkeys shake the trees, your approach will be dangerous. The point of bringing up FX to compare, is to suggest that maybe it is the equity updrift that is helping you, which you perceive as front running.

    Do you also short sell stocks sometimes?
    I have to read your thread to be a better judge. For now my comment is generic.

    Cheers,
     
    #169     May 17, 2020
    henry76 likes this.
  10. volpri

    volpri

    I only trade the eminis (Mostly ES) and micros like MES. It has been years since I traded stocks.
     
    #170     May 18, 2020