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Fair price for ATS

  #26 (permalink)

Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Zoethecus View Post
That's an idea for sure. Fortunately, this trades ES so you could plow a lot without diluting the edge.

So, Mike, what would this be worth to you if you felt the results could continue in a similar fashion?

I feel that the results will not continue. My opinion is traders should not pursue automation as a means to be successful in trading. Too many are lured in by false hopes and cherry picked charts. Too many believe just because a strategy made $900 a month in the past means it will in the future. Few understand backtesting and curve fitting. Fewer still understand proper forward testing. In the end, most people I've met that pursue automation do so because they are either lazy or foolish ("I just want a strategy that can earn $1,000 a month with low risk"), or are trying to find a short cut for their own pitfalls in their own discretionary trading (ie: failure to take responsibility for their actions, wanting to place blame elsewhere).

No need for me to say more.

Mike

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