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How do you know he isn't risking his own capital? Cory, you are off topic. You are more than welcome to post here on topic. Thanks for your cooperation.
Why are we forced to make a decision simply based on two screen shots? You don't believe a vendors prior reputation and experience has any bearing whatsoever? You've never visited a vendor website that has cherry picked charts or backtest reports? Or you think just because a backtest has 135 trades and a 10 month history, that is enough proof for you that it is going to continue making $900 a month?
It is late, I do not wish to argue. People will always be searching for the holy grail. No doubt, if you post the vendor here and a URL, many people will flock to it with great interest. But you should try and open your eyes a bit more. I believe it was Dr Brett that said immediately after entering a trade he starts to analyze the trade from the opposite angle, for instance if he is long he immediately starts asking himself why he should instead be short. In other words, you need to look for what you may have missed. It's not about second guessing, it is about making sure you weren't being fooled.
No good luck needed needed Mike. I have no vested interest in this--it is an academic exercise for me. I have personally backtested the results and I stand by those I have posted.
Obviously, this has hit a personal nerve with you. Given your history with your own ATS, I understand.
After having tested a "large" number of ATS over the last 6 years, I would pay 0 upfront for it. BUT I will pay 20% of the profit on an annual (or semi-annual, not quarterly or monthly) basis.
Just a thought, but what would you pay if you instead gave your funds to a money manager who had a track record? Typically "two and twenty". That is 2% of the money you give him is his base payment per year, and he then gets to keep 20% of the profits.
You can work that math backward to see what your monthly costs should be.
In other words, you would pay only for performance regardless if you took the trades? That is not the way this works.
The vendor is selling subscriptions on a month-to-month basis with a no penaltyand cancellation at any time. that is to say, your commitment is for 30 days only. There is a pricing plan for a long term commitment, but that is not part of this exercise.
I am with Mike on this one. I pay nothing until the vendor proves himself.
Lately I have wondered whether there are new vendors emerging after hacking through Aardvark or Hurley here on futures.io (formerly BMT) and claiming that work as their own (strats of which were never meant to be traded as is). Before we know it, it shows up all over Collective2 and people are buying into it based solely off one equity curve. Wait...
That's what we are all getting asked to do here right?
Well I guess I still better answer the question. What is the going rate for an investment manager? 2 or 3% of profits? If you are good enough then you could even charge .5% of profits because everyone would want you to trade their money.
Don't get defensive, Cory. You are smart enough after reading the posts to know what is on or off topic. The choice is yours if you want to be relevant.