Trading codes for automatic trading
- This topic has 17 replies, 9 voices, and was last updated 1 month ago by
.
-
Having given great thought as to why people do it, I am convinced it is about scaling
selling/renting out algos because of scaling is in fact one of the good reasons for doing so. but if I think just a bit more, from my perspective it is quite mediocre solution – it is still extremely slow scaling, it’s scaling without leverage related to capital of the buyers/investors. one of the most serious and most fair solutions is probably anyway something what’s practiced in the industry: atracting capital to your trading and participating in profits of your investors in case trading is profitable – and in some way participating also in losses by being obliged to trade same algos/portfolio with your personal money (that puts one’s “skin into the game” – very crucial and totally absent in the “game” of bot-sellers here and on other platforms). in these modern times such possibilities to run your own public “hedge fund” are available even for “you and me”, as I was mentioning here in my answer to “morpheous”: https://www.prorealcode.com/topic/why-publish-an-algorithm/
1 user thanked author for this post.
Thanks Justisan. I had already read your reply about this actually. I have an account with them and I agree, it is an excellent model combining Prop firm ideology with individual capital attraction opportunity. The competition is fierce and one must have a track record that can compete and of course, either learn mt5 or outsource the job. Then there are running costs attached. A great option for the creator of this thread CK.
Then of course, one must think…is that my focus or should I focus on my own game? For me, I am a scalper also and can double ANY amount of money in 6-18months. The challenge then becomes work availability, self care and controlling one’s external environment ie. blocking everyone out and NOT drawing from the account or compounding too soon leaving you vulnerable to very toxic psychological DD. Someone has to PAY for that time, either savings or in this case my wife and it’s a tall order. Not a situation everybody has access too and then it becomes a team based approach. I’m no Tom Hougaard, maybe 1/5th of his ability. Reality is it’s a 10+yr journey and requires unwavering commitment. For those who don’t have the time/conditions or inclination then third party options correctly costed out to manage expectations and time frames is probably better than traditional investment approaches.
Interestingly, last night I spent 4hrs costing out slowbots vs housing in Australia. Even a slowbot that beats the market can be scaled considerably, risk adjusted to the risk taken from a bank loan. Although the house provides a place to live, here in Oz property is used for speculation and it is disgusting. A cheaper rental providing a life one otherwise could not afford allows for a fraction of the risk without the need for two full-time jobs. Slowbots BEAT a house on every metric with double the output.
If the author of this thread CK, was to find a reliable slowbot and check it’s output after costs they would probably still beat the house over a 5yr period. Now it becomes a trust/belief issue, and that is why we do it ourselves!
IMO It’s all about CAPACITY vs expectations divided by time. But I won’t bang on about that again.
Coincatcha, thanks a lot for the insights into y0ur refreshing uncommon thinking (not only in this post above), and mentioning those severe trade-offs one is facing as a trader, trade-offs of which probably quite nobody thinks in the beginning of his ventures and adventures in the business of trading markets. one as well quite sure does not expect in the beginning, that there is/will be not only financial drawdowns but also “phsychological DD” (what a great expression!). it’s in fact appalling to see all these crowds streaming in to the markets, looking for “best bot”, “best indicator”, expecting that others (allegedly “knowing” something) will put an ATM in one’s appartments with unlimited access to unlimited cash. instead of making his own thinking, own investigations, comming down to earth and putting thousands of hours in own homework… you mention the Danish guy Tom, and in the past I too happened to read/hear/see what he was publishing on web, intersting/inspiring materials. so not for you – who definetly knows all that – but for others who might be interested I am quoting below what he was posting few years ago about efforts/focus in relation to trading.
“I found this quote from a lady, who successfully lost weight and kept it off: Maintaining weight loss is not a lifestyle. It is a job. It’s a job that requires not just time, self-discipline, and energy—it also takes up a lot of mental real estate. To maintain weight loss over the long term I have had to make it my top priority in life.
Allow to rephrase the last paragraph, this time in the words of me: Maintaining a steady equity curve is not a lifestyle. It is a double-time job. I have no job security to fall back on. It requires self-discipline, a lot of time and a lot of energy. To maintain my performance, I have to be mindful of so many other things in my life, how I eat, how I sleep, how I exercise, how I rest, how I prepare mentally. It is a top priority in my life.”
cheers
justisan
2 users thanked author for this post.
Find exclusive trading pro-tools on 
