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Looking for feedback on a futures signal service I am considering starting
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Created: by thankswillie Attachments:0

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Looking for feedback on a futures signal service I am considering starting

  #11 (permalink)
Germany
 
Trading Experience: Intermediate
Platform: Other
Favorite Futures: ES, YM, 6E
 
Posts: 2,665 since Feb 2013
Thanks: 5,093 given, 6,541 received

Depending on your returns, available time, and objectives: A lot of relatively well-known traders, asset managers,
signal sellers etc. chose the following short cut to gain credibility and attention:

Standings ? World Cup Trading Championships

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  #12 (permalink)
New Orleans, Louisiana
 
 
Posts: 8 since May 2017
Thanks: 0 given, 1 received

That seems like a really good idea, and I would like to sign up. Looks like I'm a little late to the game for the 2017 calendar year, but I'm open to doing anything to establish credibility and to prove myself.

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  #13 (permalink)
New Orleans, Louisiana
 
 
Posts: 8 since May 2017
Thanks: 0 given, 1 received


Also, your method seems a lot more cost effective for me and easier than having a private auditing firm come in and look at everything. This seems like the best route to go to establish credibility.

Thank you for your suggestion!

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  #14 (permalink)
Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,410 since Sep 2010
Thanks: 2,341 given, 3,561 received


thankswillie View Post
I have been trading the system live since about last September. It has been generating an average of about seven trades per month, with some months having several more than that and other months having many fewer. So, I am definitely far short of the 18 months you mentioned there.

I did go back with about two years of data to see how it would have done and it had similar results, but we all know that doesn't count for much because trader psychology changes when live money is on the line.

You can use services such as Striker or iSystems to generate LIVE results.
I like the fact that you do not have a high amount of trades, but again in all reality, you need to build a track record is that verified. By the way, most retail traders seek daily signals, so your best bet is actually looking for people who are more of investors who are in it long term. Just my 2 cents.

If you need help getting hooked up on any of these services or need to see how an audited track record looks like (net of all fees) please PM Me.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #15 (permalink)
New Orleans, Louisiana
 
 
Posts: 8 since May 2017
Thanks: 0 given, 1 received


mattz View Post
You can use services such as Striker or iSystems to generate LIVE results.
I like the fact that you do not have a high amount of trades, but again in all reality, you need to build a track record is that verified. By the way, most retail traders seek daily signals, so your best bet is actually looking for people who are more of investors who are in it long term. Just my 2 cents.

If you need help getting hooked up on any of these services or need to see how an audited track record looks like (net of all fees) please PM Me.

Thank you,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

I don't think I need something quite that sophisticated, to be honest. My system is an end of day system that generates trades that are supposed to be good within 48 hours. I'm tempted to go into the trading journals part of this site and open one and post each time there is a trade since it seems easy and is definitely cost effective

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  #16 (permalink)
Market Wizard
Gits (Hooglede) Belgium
 
Trading Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,962 since Sep 2013
Thanks: 2,413 given, 5,545 received


thankswillie View Post
I have been trading the system live since about last September. It has been generating an average of about seven trades per month, with some months having several more than that and other months having many fewer. So, I am definitely far short of the 18 months you mentioned there.

I did go back with about two years of data to see how it would have done and it had similar results, but we all know that doesn't count for much because trader psychology changes when live money is on the line.

8 * 7 = 56 trades, this seems from a pure statistical point of view a very "limited" sample
8 months as a testing period is also a very "limited" window of time

the good news is that you are able to make profit, and you don't need to "sell" the service
you can simply exploit it for yourself and try to leverage it to the max

in my opinion, you can do several things:
- see if the same method works on any other instruments (in order to have a higher number of trades)
- just continue and if it keeps working, you will build your track record over time

Is the method 100% algorithmic or is there a discretionary component ?
in the later case, do you have an idea how to handle issues like:
- liquidity (during NY sessions, this may be a no brainer on ES, in overnight, this might be something different
- do you only publish the entry signal ? or also the exit ? how will you handle filled / not filled ?
- do you have a idea of what is the liquidity on which the model works and where it breaks ? (simple statement, if you fire many zombie/slave orders, there will be smart people who will go after the liquidity of the stops in case of less liquid market conditions)

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  #17 (permalink)
Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,410 since Sep 2010
Thanks: 2,341 given, 3,561 received


thankswillie View Post
I don't think I need something quite that sophisticated, to be honest. My system is an end of day system that generates trades that are supposed to be good within 48 hours. I'm tempted to go into the trading journals part of this site and open one and post each time there is a trade since it seems easy and is definitely cost effective

What I offered is not sophisticated per se, rather a solution that would create tranprnancy for your method.
If you have an EOD system then you can submit orders by email as well.

I think your cost of $500 per month is rather high, but you can a cost of a "per unit" to your subscription.

Lastly, you are more than welcome to post your trades but if they are any good, they will be copied by many and hence the edge of your system will be eroded over time. Via a paid subscription you can control the number of lots you can control.
We can help you create a display that would give a good stat page for people to evaluate your system.

I will PM you a page that will show how we display stats for vendors we carry with positive track records.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #18 (permalink)
Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,410 since Sep 2010
Thanks: 2,341 given, 3,561 received


rleplae View Post
8 * 7 = 56 trades, this seems from a pure statistical point of view a very "limited" sample
8 months as a testing period is also a very "limited" window of time

.....

Agreed. Sadly, these systems with very few trades can go (potentially) into a serious drawdown and they may need manual intervention for the sake of cash management because the stops may be way far.

Thanks,
Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #19 (permalink)
Raleigh nc/usa
 
 
Posts: 6 since Jan 2017
Thanks: 14 given, 1 received

If the system is really 90% accurate consistently, I would trade the pee wee out of it myself and make a fortune. Do you really need the hassle of an advisory service? It's all good until one day it doesn't work, and people start complaining.

As others have said, regardless of how much you charge, people will start to share it, and the value will be eroded.

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  #20 (permalink)
Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,410 since Sep 2010
Thanks: 2,341 given, 3,561 received



putncall View Post
If the system is really 90% accurate consistently, I would trade the pee wee out of it myself and make a fortune. Do you really need the hassle of an advisory service? It's all good until one day it doesn't work, and people start complaining.

As others have said, regardless of how much you charge, people will start to share it, and the value will be eroded.

Every trader should leverage to the level that his nature(risk tolerance) allows it.
There are decreasing returns when you start trading above what your mind perceives as a reasonable risk.
If the account grows one can attach certain levels of lots to it so the fluctuations on the larger equity would not cause you to deviate from your method.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results,

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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