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Hi guys, new to this forum, but been trading for about 20 years both institutionally as well as pa. I am currently looking for a systematic strategy with a proven out of sample track record that I can lease. Pretty flexible when it comes to contracts traded etc, just no scalping. Pm me....
Thanks
Ben
Can you help answer these questions from other members on NexusFi?
Anybody that has been able to successfully create a turnkey system like this will never sell it as they can make a hell lot more money using it than selling it.
20 years of experience should show you that there is no easy way to buy a system and make money off it.
There are lots of systems out there that claim to do what you do, but for obvious reasons none of them actually work (or at least there's not one that has proven that it does). I would encourage that you read the disclaimer at the bottom of any page that does and you'll see how all of them have a disclaimer that their system has not been proven outside of sim.
Roll up your sleeves and get dirty my friend.
Yesterday's excellence is today's standard and tomorrow's mediocrity
Depends...I know of several systems where trades would be skipped due to risk being too high even if the account had $1 million in it. I have seen this in LTTF systems that target extreme diversification in attempts to reduce both volatility and drawdowns. Thus, unless someone is well-funded it may be more profitable to sell said system.
@Ben123 - I do not have any system to sell, but based on your initial post, you did not give any indication at what type of systems you are looking at, i.e. LTTF, swing, day-trading, etc.
Yeah thanks, figured as much. This is not for my personal use, but for a business relationship (guess I should have specified). I bet there are some great systems out there with no backing due to lack of the right opportunity and such. As far as trading it yourself, if you have a system making 20% per year with reasonable drawdowns doesn't mean you have the means to generate income from it by trading your own account. Anyways, I hear you and not overly optimistic but you never know.
Mostly swing trading, but can also be intraday as long as it is not overly busy (2-3 trades per day is ok), so no scalping. No specific contract, but not outside the normal 30 - 40 liquid ones.
Business relationship is different, so I would advise that you stay away from websites that pull on trader's heart strings.
I think you might want to take a different approach to find hidden talent that has a system but doesn't have adequate funding.
In 20 years you must've developed a great network, I'd suggest flexing it for any potential 'diamond in the rough' people
You could also look at systematic trading competitions and hope that the firms running it made some errors that could give you leads on the best systems there. There was a thread on FIO a couple of months ago about a competition for systematic trading, I did a quick search but I can't remember the name (it was also featured on the FIO twitter).
Reach out to FundSeeder, they verify results and must have lots of successful automated systems in there. Their model helps connect investors to traders
I hope this helps.
Cheers.
Yesterday's excellence is today's standard and tomorrow's mediocrity
@SoftSoap - any discussion relating to selling systems will be purely academic in nature. While it seems appealing to sell systems to hedge funds, I think the chances of success are probably slimmer than becoming a profitable trader on your own.
@Ben123 - you could try and contact kevinkdog on this forum. He may have some of the expertise you are looking for, but I am not sure if he sells any of his systems.
