Design, Validation, Trade – What next?

[TrentRothall]

I’ve desiged, validated, tested, and have now been trading my system(s) for over a year, and while I’m not making huge gains I am comfortable with where I am at and how my systems are operating; that was the exciting part.

I haven’t had any troubles in pulling the trigger or wanting to tinker with the system so far, so I have been placing trades and letting them tick over.

Now I am searching for what next, I have made several different types of systems and I am always testing new things but obviously there is only so much capital available and systems that you can run without running into other problems such as commission drag.

Because it literally only takes about 20 minutes a day to do the trading I feel like I can be using my time (which I have a fair bit of) more productively to further my trading options either now or into the future.

I’m wondering what others have done in the past that they found helpful (profitable or not) or things that they have on their to-do list in the future to look into. I feel like I was lucky enough to skip the beginners cycle because I stumbled onto The Chartist/Nick straight into my trading journey, which luckily kept me on the right path.
Cheers

[ScottMcNab]

Have you listed to the Jack Schwager interview in Better System Trader Trent ? Episode 100….he is part of one of these funding companies that tries to match aspiring traders with sources of capital…maybe a long term goal could be to keep designing/developing systems but with the potential for large capital injection…maybe with futures and/or fx….and then try and develop a track record using these systems …Norgate may have the data for these ? …just a thought

[TrentRothall]

Cheers Scott, i’ll have a listen and check it out!

[SaidBitar]

Trent I totally understand you, it becomes boring but in beautiful way and honestly still better than 9-5 job which i still do.
And as you mentioned designing more and more systems will require bigger and bigger capital.

So if you find the answer tell me

[RobGiles]

Hi Trent,
That’s fantastic. If the systems are producing good results, surely there’s a business there waiting to be launched trading High Net Worth’s money? Scott’s idea would be worth looking into.

[TrentRothall]

Thanks Rob,

Did you ever know a guy named James Starling from your trading pit days? huge guy 6″6 120+ kg

[ScottMcNab]

Hi Trent, I was trolling through some old folders and found a MOC system that made me think of your post. I abandoned that line of investigation as it would have required me to monitor the market during the day to get the entry….required price to open in a certain position and then required change from the open of a certain percent or atr multiple

While there was nothing special about that system as it was, it does open up some additional coding options if you were able to monitor the market and place the entries during the day…maybe could try a weekly system so only had to do that for one day a week rather than all of them

I imagine it would have to achieve significant returns or add sufficient diversity to current systems to make it worth it though

[RobGiles]

HI Trent
Apologies for the delayed reply. Yes I do. James and I worked together at Colly Cotton on the risk management / trading desk. Great fella. Big brain. Say hi if you know him.

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