Results validation with our demo and proposal to add demos in the Marketplace
08/05/2022 at 2:43 PM #198556
Probably one of the most important topics about the MarketPlace revolves around the veracity of the results.
Since we started, we were offering trials and demos to interested people or already customers who ask about other systems. Over time we changed and re-thought about how, when and why to offer it (believe me that it’s not an easy question in fact, not depends only on a way to demonstrate the veracity). In fact, a few months ago we decided to make trails only in exceptional or specific cases, because we never find a direct relation between the results that a customer had during a trial period and the sells/subscriptions after the period.
But let’s see the main goal of this post. We were publishing the systems with past expiration date (using dates already expired and then not usable in ProOrder); but since April 2021 (as far I remember), we changed the way used to offer our demo: our demo allows to continue backtesting it in future, without expiration.
In fact is so simple: we only have to export the systems with the option in the middle named “Non modifiable code”. This non-modifiable ITF files exported have no visible code and will continue working (just in BT, not in ProOrder). Then, we have a simple way to allow to potential customers not only to see past results, they can continue see the positions in live (yes! It means that our entry signals are public, we know it)
You can download our demo here for understanding and to see our systems too, of course:
Then, how to believe the results shown in the BT of the ITF files? Just because it was exported days or months ago (each file depending on the publication date of each system). We will agree with that if you develop today a system, stores the ITF in local and you forget it……….if in 2024 you run a backtest and the system won 10k since was exported…..you can be sure that you lost the opportunity of win these 10k, is it? (Of course considering the BT vs market conditions, spread, etc, etc….this is another topic)
Our proposal is to allow to do the same in the product pages of the MarketPlace, allowing people to run an updated backtest of the system before buy it. We made this proposal to admins a few days ago, we really want that all providers can compete in equal conditions.
Adding a few images of the messages above. We are opening this thread to allow to see your opinions. I tried to be brief (difficult for me). I prefer that you indicate if it is understood and that proposals and questions arise.
Cheers08/05/2022 at 3:51 PM #198565
Sorry, I missed to add one of the most important consequences: Users will be able to validate the Out Of Sample period, because the release date is visible and the idea is that will be a demo ITF file for each update (something like a table with ITF and release date would be fine, is it?)08/05/2022 at 5:56 PM #198581
This sounds like it might be a step forward in the Market Place! Thank You!
Unless I am doing something wrong, the files don’t download, just a message shows … see attached.08/05/2022 at 6:02 PM #19858608/05/2022 at 6:06 PM #198588
Just download the whole ZIP with the button at right (see the image). Google Drive manages the ZIP showing a kind of preview that not allow to download file per file.
Thanks for the interest. I would like to hear more thoughts!
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