a little while ago some guy opend a thread wanting to know "what his system was worth" at first i didn't toke it serious but after a while it made me think a bit.. short story about 18 months ago a friend of mine gave me a call if i was interested in purchasing what he tought would be a great EOD system for trading german indices and their future's hoping to split the systems costs with me. as i only trade forex and i am pretty sceptical about so called "holy grail"systems so i have thanked him for the offer but told him i wasnt interested. about 1 month later he contacted me again telling me he had purchased this system 2 weeks ago but having problems coding it as the system came with a manual/discription only and asked me to give him a hand coding it. i agreed. it was a 30 page pdf file ( which could be reduced to 5-6 if you toke out all the candlepattern pictures ) so he send me the file and i tried to make something of it but only managed to succesfully code the "long" side of the system. this may sound pretty amatauristic for you people who are coding for years but i dont consider myself to be a great programmer. the basic concept excist out of easy rules no "hightec"indicators pretty simple but the problems was on the algo side of the system.it excists out of patterns wich wehre specificly and only for the german indices with many different rules inside a "mayor"rule after completing the long side with stoplosses it had a amazing performance but was trading long only and therefor was only about 40% of the time in the market a month later i gave it another try as i seen it as a challenge to myself to complete this system; iafter a couple of weeks it was then finally trading long and short. i couldn't believe my eyes when i saw the results of the first backtest as i had never seen a profitfactor of around 7 with 75% profitable trades rr 2,8:1 and 87% in the market, i have tried this system on all german indices TECDAX HDAX GDAX MDAX etc and their Future's performance was superb even if it was a little less for some indices as a small test to make sure it was robust enough i also tested it on intraday timeframes ( which wouldnt be prfitable after commissions on the small tf's ) but i could bent and twist whatever i wanted it kept beeing profitable altough it wasn't working on US indices i emailed the skript to my friend letting him know i had succes but he told me he now thought the system was focussing to much on "only" the german indices. hmmm ?? ( why he purchased it and what was he expecting ? ) i told him about the performance the system was achieving but he said he lost interest; i couldn't believe my ears as i know how much he has payd for this system ???? now over a year later the system is still in my software and once in a while i open it to remember meself this was my first big "coding"project and i felt good knowing i could code the system rules where others had their problems as i sayd i only trade forex and i am not planning trading this system altough it does make me a little dizzy everytime i open it it is a daily system, on the F-DAX it had a max DD of about 900 points wich would need a 30-40K account to overcome this in worst time ( still under 10% max dd) for the last year since finishing the coding of the system it produced another 2700 index points in the DAX after 3 point spread till today and 28000 index points since 1996 the beauty about the system is all orders are this bar on close orders no limit order so positions are only entered at the end of the trading session and therefor could easily be tradet in the evening ( GMT+1 ) true etf's now i am litle confused about what to do with this system as it is gathering dust... i havent advertised with it nor did i write it in some kind of forum untill today i dont wish to go to collective2 or some kind of website with it as i dont want to put to much effort in it and i have put to much effort in it to please someone by giving it to him even if i dont use it myself hmmmm maybe i should start doing some indices.. makes me think if this wouldnt be better of in the Journals section ... if you find spelling failures you may keep them as english isn't my native language
Batter up!! Wow this system sounds amazing. Are you offering to sell it? If your friend bought it , what was the name of the system and how much did he pay for it? What platform are you running it on? do you have some back test results to show? Cant wait to read more!!
other DAX-underlyings showing simular results, no need to post them all i guess as for the FDAX my data ends january2008 therefore the late down move is unfortunally not included some results for these tree, profits expressed in indice-points MDAX net prof 24387 profitfac 5.55 nr trades 196 % profitable 60.22% avg win/avg loss 3.78 avg trade prof 124.43 trading days 4805 days percent in market 81,33% GDAX net prof 25160 profitfac 5.19 nr trades 198 % profitable 71.27% avg win/avg loss 2.10 avg trade prof 127.07 trading days 4805 days percent in market 85.14% FDAX net prof 18673 profitfac 7.59 nr trades 138 % profitable 72.46% avg win/avg loss 2.88 avg trade prof 135.32 trading days 3506 days percent in market 87.48%
made by tradestation no commissions included but it doesnt effect the systems much as avg profit/trade is pretty high and nr trades on the low side sorry but would not be very wise to anounce what has been payed for the ats considering i could decide to sell it myself one day
Since someone gave it to you, the right thing to do would be to give it to someone else. You're not planning to sell what that belongs to someone else, are you? I'm sure that lots of folks here would be eternally grateful if you post the rules
i would like to avoid the tought that i could possibly sell somiting which i am not the owner from as i have been given promision to do whatever is best in my interest with it. this ats didnt fall into my lapp wenn i was sleeping but costs me alot of effort to make it the way it is now.i even have recieved appologies for not sooner letting me know that the counterparty lost interest in it as it was commonly known that i was putting alot of free time in the scripting, therefore i do need see the need to give it away if the system will be sold or not is still hangin in the air as it still is something im proud about alltough i dont trade it meself because it doesn't fit my current needs
So instead, you are here on EliteTrader, trying to hint that people should buy it from you, get some PMs, make some $$$... Is that about right?
Why not give the sytem out for free since you don't seem to be interested in the money that it can make for you? Something stinks here... Ooops, must be all the BS!