Lets Create A Trading Team
I've just talked to a good friend of mine, Ash Fogelberg, who is a genius at options trading (see him at tradermentors.com), he is interested in the concept, so he will join. This will give the team yet another insight through the eyes of an options trader, which could also prove extremely valuable.
Hey everyone.
Ive been trading forex for some time now, and have just shifted from CMS to Neuimex, because they have a metatrader platform and I can have my account donominated in euro's. Since i live in europe that eliminates the currency risk on my trading account. I used to get around this by simply having a permanent hedge position, but this costs 2% a year because of the interest differential. Anyone on here using Neuimex? If so i would be interested in hearing your comments...
Anyway, the reason I started this thread is that I am very interested in getting a few people together to form a little trading group. Maybe say like 4 or 5 people who each have something to bring to the table. To create a team so we can bounce ideas of each other and get 5 different perspectives. I specialise in long term system development, with a trading objective being to make 40% a year. I also bring to the table about 2 years experience of system testing on Wealth-Lab.
Now what I am looking for is:
1 expert MQL IV computer programmer
1 expert Daytrader
1 expert Long-Term trend follower
1 expert Fundamental trader
1 expert Wealth-Lab user
I think a this could yield tremendous benifit, as we can get 5 quite different perspectives. For example on a subject such as system testing, optimising is an issue that can be discussed long and hard, because there isnt one right answer (as with most other ideas in trading). It is important to know the conceptual reasons behind optimising, as to know when it is a usefull tool, which can lower risk, volatility and increase profits AND when it is a destructive tool that curve fits your strategy and renders it un-robust for future trading.
Please let me know if anyone is interested in this.
Nick FrandsenHow you classify expert. With trading results or exp.
What is your ultimate goal mean vision.
Thank you,
SFX
Hey SFX thanks for your interest, ill try clarify what i mean...
How do i define expert...?
Someone that has been in the industry for at least a few year and is making consistent money. I think most people know within themselves, if they are honest with themselves, which level they are at, if you can not be this honest with yourself then you wont cut it as a trader!
Basically If you think you have something to offer then let me know.
What im looking to create is a strategic alliance between a few good traders to continue our develpment at a faster pace.
Thank u for your fast response.
I firmly believe in research and development with synergy.
I have one doubt about your linking in between long-term with short term traders.
The interim difference in between them distinguishes them very drastically.
If I am a day trader I won't consider long term prospect, on the other hand fundamentals are very important for me if I am a long term trader.
I think synergy will be most effective if it is coming from different direction of same kind for example short term stock, forex, and option trader and/or long term stock, forex, and option trader.
Fundamental effect of news over short term and long term. How market supposes to behave based on news, and how we incorporate this sentiment in our eas.
It is all about automation as this market is all about time; no body can sustain good decision rational after keep watching graphs for 24 hrs for straight more then 5 days.
Your idea is great but how you are going to incorporate entirely different type of traders..........
In my view, who can sustain instead of how much he can sustain, is very important for me. We, average, almost spend 2 to 5 years of our life in this bumpy market and we are still here which I think qualify us as an expert, as far as skills are concern, it depends upon the method you are following, for example people are making fortune just to following Vegas 4 hr trading method. On the other hand big tech scalpers are making good money too. One of my fellow fundamental trader predicted nzd is going to sink within 3 to 5 months and same think happened. Every one of us can make money if we sit together and create a synergy based on your idea.
Thank you,
SFX
I think i understand where you are comming from.
You are saying that it would be better to have a group of traders who are trading the same style instead of 5 radically different style? Is this right or have i understood you wrong?
Anyway, I respectfully disagree, In my opinion the strengh is from the diversity of opinion, for example if I backtest a strategy over the last 20 years and get good consistent results, except there was a period beween 1997-1999 where the system had a larger than average drawdown, then I would be able to ask the fundamental trader whether he could notice anything drastically different which should be the cause, I would also ask the long-term trend follower and the wealth-lab user.
The fundamentalist may reply that this was one of only two periods in the last 20 years when the economy actually shrank according to real GDP which lowered speculative interests which quitened the markets.
The long term trendfollower might reply that this period had and extremely low ADX value on long term chart, as compared to the rest of the 20 year period.
I can then take these comments and consider building a filter around them to protect me and pause my trading if these conditions should reappear. I may choose not to and instead go for another option, but basically Im just trying to show you all how this style of alliance could be benificial.
For any new viewers, please read the first post.
I think i understand where you are comming from.
You are saying that it would be better to have a group of traders who are trading the same style instead of 5 radically different style? Is this right or have i understood you wrong?
Anyway, I respectfully disagree, In my opinion the strengh is from the diversity of opinion, for example if I backtest a strategy over the last 20 years and get good consistent results, except there was a period beween 1997-1999 where the system had a larger than average drawdown, then I would be able to ask the fundamental trader whether he could notice anything drastically different which should be the cause, I would also ask the long-term trend follower and the wealth-lab user.
The fundamentalist may reply that this was one of only two periods in the last 20 years when the economy actually shrank according to real GDP which lowered speculative interests which quitened the markets.
The long term trendfollower might reply that this period had and extremely low ADX value on long term chart, as compared to the rest of the 20 year period.
I can then take these comments and consider building a filter around them to protect me and pause my trading if these conditions should reappear. I may choose not to and instead go for another option, but basically Im just trying to show you all how this style of alliance could be benificial.
For any new viewers, please read the first post.You got me right.
However, I don't know what happened 20 years ago, I was infant. 
So you are in process of making system which will work that long, so how data mining will work here in forex word.
I have another idea why not we gather traders who are expert in differenct techniques, in addition to your idea. For example, If I think i am good at reversal then why not I kick in when market is start reversing and stop trend follower traders. etc.
Thank you for your great idea. 
Bye,
SFX
frandsen_finance
1 expert Wealth-Lab user
Why are you restrictive to 'Wealth Lab'?
The CockeyedCowboy
I am interested in joining a team but first i have to work on my trade management still i am ready 
-sonic
LOL Sonic
LOL Sonic
ok i wait for next 2 years .. heh
-sonic
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Hey everyone.
Ive been trading forex for some time now, and have just shifted from CMS to Neuimex, because they have a metatrader platform and I can have my account donominated in euro's. Since i live in europe that eliminates the currency risk on my trading account. I used to get around this by simply having a permanent hedge position, but this costs 2% a year because of the interest differential. Anyone on here using Neuimex? If so i would be interested in hearing your comments...
Anyway, the reason I started this thread is that I am very interested in getting a few people together to form a little trading group. Maybe say like 4 or 5 people who each have something to bring to the table. To create a team so we can bounce ideas of each other and get 5 different perspectives. I specialise in long term system development, with a trading objective being to make 40% a year. I also bring to the table about 2 years experience of system testing on Wealth-Lab.
Now what I am looking for is:
1 expert MQL IV computer programmer
1 expert Daytrader
1 expert Long-Term trend follower
1 expert Fundamental trader
1 expert Wealth-Lab user
I think a this could yield tremendous benifit, as we can get 5 quite different perspectives. For example on a subject such as system testing, optimising is an issue that can be discussed long and hard, because there isnt one right answer (as with most other ideas in trading). It is important to know the conceptual reasons behind optimising, as to know when it is a usefull tool, which can lower risk, volatility and increase profits AND when it is a destructive tool that curve fits your strategy and renders it un-robust for future trading.
Please let me know if anyone is interested in this.
Nick Frandsen