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Welcome to the world of selling trading systems - where there is a great
deal of well-earned distrust on the part of professional traders and lots of
competition. Without a proven real-time trading record, you are unlikely to
obtain a job or large cash payment for any system. The large institutions
already have payrolls loaded with advanced degree specialists in computer
science, mathematics, artificial intelligence and other disciplines related
to trading systems development. Your best route may be to lease the system
to a number of individuals, however you are going to need funds for
marketing and you are still going to need an independently certified
real-time track record or you will have to provide a long enough free trial
period for your prospects to become comfortable with the system. Good luck.
Earl
----- Original Message -----
From: Bryan Finnegan <TeamData@xxxxxxxxxxxxxxxx>
To: Real Traders <Realtraders@xxxxxxxxxxxx>
Sent: Wednesday, August 25, 1999 8:46 PM
Subject: Recovering Investment in Trading System
> After 4+ years of effort, I have finally developed a Tradestation trading
> system that I am happy with. It consistently works on almost any chart,
in
> any time frame. My problem is I don't have any funds to trade this system
> and I have ABSOLUTELY NO DESIRE to sell it on the open market. I have
over
> 1,000 hours invested in developing this system and the hundreds of
attempts
> that came before it. Now I have a system that is robust enough to allow
me
> to
> recoup part of my investment.
>
> The hurdle is: if I don't have the money to trade it, and I am unwilling
> to sell it to other traders, the only options I can come up with is to
> license the software to an institution, or perhaps take a job with a
> mutual fund or brokerage firm. This would be a career change for
> me, I now work as a systems analyst/business manager.
>
> I am appealing to the group for the following:
> 1. Anyone had a similar situation? How did you deal with it?
> 2. Anyone located in Northern Ohio interested in hiring a person with
my
> skill set?
> 3. Any RealTraders ever go through the experience of licensing a
trading
> system
> to large institutions or hedge fund?
>
> BONUS: I am serious in this e-mail and would appreciate as much input as
> possible.
> To anyone who can help, I will provide a "general insight" that helped me
> get over the hump.
>
> Thanks
>
> Bryan Finnegan
> Cleveland, OH
> 440-333-3378
>
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