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looking for a system generating $150 - $200 profit/ day/contract
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looking for a system generating $150 - $200 profit/ day/contract

  #21 (permalink)
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artemiso View Post
I'm completely against TST if you're implementing an automated strategy, because most of their requirements are arbitrary and quite frankly, meaningless - unless they're assessing your psychometric ability to take orders from authority without questioning, in which case they should draft you into the army rather than fund you as a trader:

- trade a minimum of 10 days
- always implement stops with an open position
- only trade permitted products, during the permitted times
- achieve an Average Net P&L greater than $0 for each product traded
- achieve an Overall Winning Day percentage of 55 or greater
- ensure my Largest Losing Day will not hit or exceed my Daily Loss Limit
- ensure my Account Balance will not hit or exceed my Trailing Max Drawdown

None of that seems unreasonable or arbitrary for what is essentially a prop shop funding unproven traders. And even if you don't like those rules, they certainly are very logical from their POV.


Last edited by skoa; November 6th, 2014 at 10:13 AM.
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  #22 (permalink)
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skoa View Post
None of that seems unreasonable or arbitrary for what is essentially a prop shop funding unproven traders. And even if you don't like those rules, they certainly are very logical from their POV.

- always implement stops with an open position
- ensure my Largest Losing Day will not hit or exceed my Daily Loss Limit
- achieve an Average Net P&L greater than $0 for each product traded
- ensure my Account Balance will not hit or exceed my Trailing Max Drawdown
These are effectively saying, "Don't be unlucky."

- trade a minimum of 10 days
Too short to make any meaningful conclusion.

- achieve an Overall Winning Day percentage of 55 or greater
Why 55? What about 54.99%? 55.01%? Strategies can be successful regardless of the 'winning day percentage', and besides, if that's the number that matters to them, this shouldn't a 10 day experiment - in which they actually should only focus on funding either strategies that have close to 0% winning days ("home run" style) or close to 100% winning days rather than close to 50% because the uncertainty is maximized at 50%; moreover, since the uncertainty will be symmetric, they should be willing to fund strategies with less than 45% winning rates as well as they are willing to fund strategies with greater than 55% winning rates.

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  #23 (permalink)
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artemiso View Post
- always implement stops with an open position
- ensure my Largest Losing Day will not hit or exceed my Daily Loss Limit
- achieve an Average Net P&L greater than $0 for each product traded
- ensure my Account Balance will not hit or exceed my Trailing Max Drawdown
These are effectively saying, "Don't be unlucky."

- trade a minimum of 10 days
Too short to make any meaningful conclusion.

- achieve an Overall Winning Day percentage of 55 or greater
Why 55? What about 54.99%? 55.01%? Strategies can be successful regardless of the 'winning day percentage', and besides, if that's the number that matters to them, this shouldn't a 10 day experiment - in which they actually should only focus on funding either strategies that have close to 0% winning days ("home run" style) or close to 100% winning days rather than close to 50% because the uncertainty is maximized at 50%; moreover, since the uncertainty will be symmetric, they should be willing to fund strategies with less than 45% winning rates as well as they are willing to fund strategies with greater than 55% winning rates.

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I`d add,if you have a winnig streak in one or two days in a row - stop for the month!

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  #24 (permalink)
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Cachevary View Post
I`d add,if you have a winnig streak in one or two days in a row - stop for the month!

You can't do that either, apparently you have to continue trading even if you met the profit target for the entire combine. They critique consistency.

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  #25 (permalink)
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Itchymoku View Post
You can't do that either, apparently you have to continue trading even if you met the profit target for the entire combine. They critique consistency.

What combine has to do with what i wrote in this thread?

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  #26 (permalink)
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Cachevary View Post
What combine has to do with what i wrote in this thread?

I thought you and artemiso were talking about tst combine rules?

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  #27 (permalink)
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Itchymoku View Post
I thought you and artemiso were talking about tst combine rules?

Ok,got it.No,i just added another thought to those ''not being unlucky'' rules with which i agree and actually implement them into my strategies.I know a little to none about the combine rules.

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  #28 (permalink)
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Cachevary View Post
Ok,got it.No,i just added another thought to those ''not being unlucky'' rules with which i agree and actually implement them into my strategies.I know a little to none about the combine rules.

They should have a combine option where if you pass you can pay for the combine with your own trades you make money with of theirs. Their whole strategy is basically betting that newbie traders will fail which is smart on their side, but since most fail it does leave a bad taste in the mouths of the defeated. Hmmmm....Do you think they even be profitable if they took on my business model where the trader doesn't have to pay the fee but instead takes a pay cut after they get funded with the money they make? That's an interesting thought to think about

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  #29 (permalink)
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It`s up to them what they should or should not.There are lots of different models.Take or leave,so to speak.

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  #30 (permalink)
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NYC, NY, United States
 
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The answers were probably scary


Did it occurred to anyone that the OP only asked the question and never replied? Seems like hard work is scary.

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