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Have you came across isystems.com, and what's your opinion?
The site rents algos and will sell you signals for a monthly fee per algo.
To me, this sounds counter-intuitive to all good teachings about this topic. Why?
- We know a system could be profitable in a Tradestation env. and NOT profitable when run over another source of data like IQFeed. This is caused by various differences in handling the data - especially for futures, like back-adjusting, etc. So as far as I'm concerned, those algos could run on purely <random generated> data. There's no specification of where does the data come from.
- We only see the profit of those algos in their "ideal" setup - with their own data, etc. Customer performance can only be worse and who knows what's the profitability of customers following their signals is.
- Liquidity is a player - Algos always assume they get a fill while in the markets you might not. No idea of what's the decrease in profitability for those algos for various degrees of slippage.
- It's well known your own "monkey" (copyright FT71 ) will mess with your trades, when the homework is not yours and you don't know how the Algo works, so you cannot trust it fully. And you cannot trust it fully, as you know the picture those signals sell is not true because the other mentioned reasons.
- It's interesting their services started to be offered by various brokerages, Stage5 include.
To me, this sounds like another path to ruin disguised in a "pain free holy gail" algo journey to unexisting fortunes.
But I'm open to your comments
Hi guys,
I am also interested to know if anyone has any personal experience with the automated isystems platform?
The backtested results for some of the algo systems are certainly ...interesting, but if someone could give their experience on what it's actually like to have real money vested into any of the automated trading solutions (and not just a sim account) that would be great.
We have implemented the iSystems services and the automated execution of trading.
I do not think you can talk in terms of "personal experience" because there are many systems with a variety of results.
Therefore, the experience will vary on the performance of the system that was chosen.
Prior to use of this automation engine, I must have spent 10 hours on this to develop a due diligence process in the system selection. These systems can not be chosen blindly based on performance only. There are many variables that you can consider prior to choosing one. I find that the execution and reporting of the systems is one of the highest calibers out there.
THERE IS S SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING. PAST PERFORMANCE IS NOT INDICTIVE IF FUTURE RESULTS.
Matt
Optimus Futures
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
It is my pleasure to welcome Anthony Giacomin from Stage 5 Trading and Walter Gallwas from iSystems on Thursday, April 27th @ 4:30 PM Eastern US.
The title for this webinar is "Introducing iSystems with Stage 5 Trading", and bullet points include:
- 650+ Automated Trading Strategies to choose from
- Clients start and stop systems via the platform online, not requiring any actions by the broker
- Manage your account live with the Award Winning S5 Mobile Trader, S5 Trader, and S5 Trade Analyzer!
- Once you have access, you will have 24-hour liquidity and 100% transparency.
- Does not require an LOD (letter of direction)
- The account is set up as a SELF DIRECTED Account. One account and trade as many systems as you like.
- Process for a system to get added to S5 iSystems
- Backtest, Forward Test and Live Trading
- This gets into more detail on how we test and post-performance
State of the art development tools.
- SDK systems are developed using modern Microsoft technologies, the same way regular software and websites are coded.
- Smooth learning curve for experienced trading systems developers. Programming language is very similar to other platforms (EasyLanguage, Ninja, C#)
- Completely free for developers. Not only tech support, but also software tools, historical market data, etc.,
- SDK strategies are compiled into machine code, so developers' intellectual property is protected (no source code is needed)
I need and can share some helps about iSystems coding!
In particular, in Trading Motion SDK I need to code in C# the following conditions in advanced order method:
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If time is 12:00am then enter a long stop order with a stop price of current bar + 5 ticks.
if time is 13:00am and the order above is not filled yet then cancel order.
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I am using iSystems with my AMP account since months and it works great. What I really love is that it lets tradings totally hands free. I am using 2 different trading systems and it looks to work efficiently and sharp.
There are several systems coming from different developers and firms. I think that what really matters is to choose the right systems or the one that fits our needs.
I too have had a go with the isystems for the past few months. Still no holy grail, but some of the systems did managae to make some money while others either lost or breakeven so far. Overall, my account is still breakevenish after comms and fees. I did get rid of some of the systems that was losing me , which in hindsight wasnt a really bad decison or good but less stressful to watch.
Just fyi, some systems regarding gold (gc) can have insane slippage more so than other more liquid products i have tried thus far.
) will mess with your trades, when the homework is not yours and you don't know how the Algo works, so you cannot trust it fully. And you cannot trust it fully, as you know the picture those signals sell is not true because the other mentioned reasons.
