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foucs on money management is a waste of time -
IF the base model does not have the necessary
"edge".
And in fact, there are new models emerged over the
past few years not available to the public that
perform very well during both 1999 and 2000, for 2001
we have to see.
Excalibur cannot test these new models as the design
of Excalibur just cannot handle it, period.
The good news is that nor TS can do it at all :)
-Lawrence
--- brian <polar@xxxxxxxxxx> wrote:
> 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
>
=====
Lawrence Chan http://www.tickquest.com
Home of trading tools NeoBreadth and NeoTicker series
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