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Re: Recovering Investment in Trading System



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I think you mean 'Futures Truth' not Club 3000

Doug

Bryant Tharp wrote:

> 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
> > >