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Fair price for ATS


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Fair price for ATS

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  #51 (permalink)
Antwerp, Belgium
 
Experience: Beginner
Platform: Multicharts, Ninjatrader
Trading: EUR/USD
 
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Posts: 4 since Sep 2010
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200$ a month, if the low DDs persist this one could make more. Zoethecus, did you factor in creative position sizing techniques (market's money approach etc) in your backtesting?

S

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  #52 (permalink)
chapel hill, nc
 
Experience: Intermediate
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IMHO, we need to differentiate a hedge fund and ATS. Successful hedge funds do not rely solely on ATS. If at all they use ATS, they know when to cut it loose. Obviously long term profits on any ATS is 0. That is essentially the Efficient Market Hypothesis (folks interested in theoritical maths can further read about it)...

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  #53 (permalink)
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009



stevenvdv View Post
200$ a month, if the low DDs persist this one could make more. Zoethecus, did you factor in creative position sizing techniques (market's money approach etc) in your backtesting?

S

No.

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  #54 (permalink)
 
 
Posts: 1,176 since Nov 2009


Big Mike View Post
I feel that the results will not continue. My opinion is traders should not pursue automation as a means to be successful in trading. Too many are lured in by false hopes and cherry picked charts. Too many believe just because a strategy made $900 a month in the past means it will in the future. Few understand backtesting and curve fitting. Fewer still understand proper forward testing. In the end, most people I've met that pursue automation do so because they are either lazy or foolish ("I just want a strategy that can earn $1,000 a month with low risk"), or are trying to find a short cut for their own pitfalls in their own discretionary trading (ie: failure to take responsibility for their actions, wanting to place blame elsewhere).

No need for me to say more.

Mike

I have to disagree with the part about those automating strategies are either lazy or foolish... at the end of the day, when you trade, you follow a plan... which are rules, and yes not all rules can be defined by code to follow which is why there is also discretion when trading as our experience becomes the rules over time...anyhow, if rules can be followed then they can be coded and as such automated to react much faster and process more information than we can real time... now, the only thing i find foolish is when people tend to over-optimize and not walkforward and test their strategies; just like people who trade in simm and think they can trade with real money because they were succesfull in simm.. .. to summarize, if one has a discretionary method that works, why not automate it? ... btw, that does not mean set and forget it... as no system is infallible.. just my 2cents.

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  #55 (permalink)
 
 
Posts: 1,176 since Nov 2009

Zoe... I would suggest that in order to make the data gathering for your analysis more relevant that you could perhaps create a poll that would list subscription ranges.. $0-50, $50-100, $100-200, $200-300, $300+ ... that way the data would be easier to analyze ... and you could avoid opinions that were not related to the goal..

everyone will always have their own opinion formulated on their own experienced...

as to the question, I would say assuming the system had a trial, 10-20 days, which would enable one to perform ones own testing against multiple markets, on replay data, etc... I would say a range of $100-$200 would be "acceptable" to me assuming it can be cancelled at any time and prorated.. and also, I will add one more thing... vendor support and their ability to take feedback and collaborate would be critical... and if they limited the number of subscribers to a given number or not in order to maintain whatever edge they might have found..

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  #56 (permalink)
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

Since the overall futures.io (formerly BMT) response was weak reflecting, I think, a general lack of interest in ATS. I am only disclosing the fees, not the vendor.

2 Week trial license: $9.95

Monthly license: $399

6 Month license: $1890

Lifetime license $ 3990

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  #57 (permalink)
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Zoethecus View Post
Since the overall futures.io (formerly BMT) response was weak reflecting

You get out what you put in

If you want more ATS stuff here, start sharing ATS's...

Mike

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  #58 (permalink)
United States of America
 
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Big Mike View Post
You get out what you put in

If you want more ATS stuff here, start sharing ATS's...

Mike

Likewise.

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  #59 (permalink)
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Zoethecus View Post
Likewise.

I have shared the full source of several that I have written.

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  #60 (permalink)
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Zoe,

I'm curious. Do you write your own code for your ATSs? If so, then you understand what it takes to write the rules and I would appreciate some help writing more effective rules specifically for the JMA method that I'm using.

Mike Winfrey

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October 21, 2010


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