|
PureBytes Links
Trading Reference Links
|
"Mr. Hill is currently involved with Futures Truth. Futures Truth is a
bi-monthly publication dedicated to bringing out the truth of publicly
offered trading systems. Futures Truth is the authority on systems and
system trading. Through this endeavor, Mr. Hill has seen literally thousands
of trading systems. Past and Present. Good and Bad. Public and Private.
If anybody knows trading systems, I think its a good bet that John R. Hill
does. ***He used this same knowledge*** as well as knowledge from
practically 45 years experience successfully trading to design these
systems.
This knowledge is available to you now."
http://staffordtrading.com/
>I can only say that I find it highly doubtful that they
>would try to steal your system.<
They don't call it stealing, they call it using the "same
knowledge."
BW
>From: brian <polar@xxxxxxxxxx>
>To: omega-list@xxxxxxxxxx
>Subject: Why futures truth doesn't care about stealing your system
>Date: Fri, 30 Mar 2001 08:21:40 +0100
>
>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
>
|