Travis is a sensitive little flower, you all know this thread will destroy him right ? .....
If you cant do the time don't do the crime.
Travis is a sensitive little flower, you all know this thread will destroy him right ? .....
I see Travis got caught with his trousers down, 30 usernames that he was using to vote up his thread. What's he selling?
Who would buy anything from someone who is not yet profitable?
His name should be removed from the ballot altogether for ballet fraud. You need an absolute deterrent to prevent others from trying it.
Peter
Splitlink,
I think he deserved a bit of stick, he had created 30 user names on T2W. Obviously he was on some sort mission to vote himself up to number one in the T2W awards and then use that to run some other sort of vendor operation. If he hadn't broken the rules so spectacularly he wouldn't have drawn any attention to himself.
You mention that people added in money which suggests they had already given him money. I thought 40k total was mentioned. T2W never ceases to amaze.
So, he set to work and developed 120 (yes you heard that right) 120 automated systems all profitable over a 10 year back test. To cut a long story short he managed to obtain interest from some investors to trade their margin with these 120 automated systems and this is what happened. The investors added in new margin to a max (if memory serves me correctly) of 160k and at the time the final margin was added a precipitous peak-valley drawdown in excess of 30% of the account occurred, a drawdown that had trading continued stiill has not ended some 3 months on.
To some extent it was the 'discretionary part of mechanical/automated trading ' that resulted in this eventuality in that Travis was still manually/discretionarily choosing which of the 120 automated systems should be traded at what time and with how much risk, albeit with an evolving methodology for doing so based around the Sharpe ratio of each individual system.
he had 120 curve fitted systems that didn't work.
The only way that you could feasibly make automation work is if you actually knew how to trade first.
the probability of him succeeding with those systems with whatever combination, is very low to non-existant.
G/L