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Re: Recovering Investment in Trading System



PureBytes Links

Trading Reference Links

I may be wrong ,,but I think Club 3000 will test and moniter a system realtime
and publish the results ,,,,no address or web site do a search

Earl Adamy wrote:

> 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
> >