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Jack,
As someone who has used futures truth's software but never submitted
a system to them I can only say that I find it highly doubtful that they
would try to steal your system. There is truly very little new in terms
of system trading I have seen over the past several years. There is
more of a focus on money management algorithims but in terms of
indicators I haven't seen anything new worth trading money on in years.
Here's an idea - instead of submitting your system for tracking and then
selling/leasing it for 2k/yr assuming it's great - why don't you instead
open a real account and trade it. There are many numerous groups - MAR,
barclays, hedgeworld, etc - that will post your results assuming of
course you have an audited statement. From here you could actually
raise capital and trade your system. Even with a small amount of
outside capital ( ie 5M ) you will earn substantially more of your ideas
from the 2% plus 20 than you ever will selling your system to someone
else. Think about it - why do you never see systems available from
moore capital or dunn or even from the smaller cta/hedge fund types?
The answer is simple - if it truly works the designer/trader will
utilize that great american trait of capitalism to find a way to make
the most money for himself ( and in the process for his clients).
People who sell their systems are doing so becuase they could not
attract capital to fund the system. Back to the futures truth question
- I have bounced ideas of people there many times. Am I afraid they are
going to steal my ideas. I couldn't care less. I trade within my own
style and within my own risk/drawdown characteristics which is nique to
each person, like a fingerprint. If you truly feel you have a system
that you are comfortable with email me privately and I can put you in
touch with some places that fund traders - but be prepared. They won't
try to steal your code but they will grill you to death on parameter
overfit, extensive testing and disaster scenarios.
Brian
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