As an advocate and believer of the superiority of ATS (automated trading systems) over discretionary trading, I propose a challenge whereby all interested discretionary traders enter the competition against one of my systems. The winner simply gets bragging rights and no money changes hands--I don't want to violate any local jurisdiction wagering or gambling laws.
Here are the ground rules. Please add any comments to improve this idea.
A) All participants must register their "system" with Collective2--pay the fee--and post the appropriate link so the public can see those results. The equity funding for the account wil be $25,000. All systems will trade one contract only. There shall be no C2 subscription fees offered to the public while the challenge is in effect.
B) The challenge will run for 180 days, at which time the final results as posted by C2 will determine the winner.
C) Any and all disputes will be decided by Big Mike in his sole discretion and not subject to further review.
Last edited by Big Mike; July 30th, 2010 at 03:37 AM.
Reason: moved from Feedback to TH
Sorry zoethecus, I think this is completely useless.
What we could gain from it as traders? Nothing.
This would be a wrong target for a trader: to prove he is right on something.
Trading style is, and will always be, a personal thing.
I'm fine with discretionary, you're fine with sistematic, that's good, as long as we both gain.