Willingness to share strategy in public
- This topic has 12 replies, 9 voices, and was last updated 4 years ago by
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Dear All,
If there is a poll function, then this topic can have a statistical view easily 🙂
Personally, I’m willing to share some working strategies for community benefit and also for getting new ideas to improve. If there is a strategy shared in forum where I use it then improve on it, then for sure to share it as give back.
How willing are you to share your strategy in public (Forum, Library, Blog) and what is your take for strategy sharing (pro and con)?
I’m not siding to whether should or should you not share your strategy, but more to see different point of view. There is nothing wrong for either side of the choice.
I thanks for those who are sharing their strategy that benefits me and community.
PS: I noticed PRC library has less and less people sharing their strategy, not sure why
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Thank you for sharing your code.
Actually there are many strategies in the library and some of them are very popular and profitable, some share good ideas but maybe would need some improvements, some are just good examples on how (not) to write code and they are worth while reading and practicing with.
Also some screeners are nice ideas that could be converted into a strategy.
Compared to strategies and screeneres, there are tons of indicators! They are easier to write and they involve less responsability (though not legal reponsability). Some of them are just statistics, some are just embellishing other existing indicators with graphics. Moreover, indicators can be used by manual traders, strategies cannot!
Writing an indicator that identifies candlestick patterns is fairly easy, just a bit time consuming, while coding a strategy on those patterns that have been identified is way more difficult.
When you trade manually and a pattern is identified you have time to think about it, analyze the market from different views and maybe enter (or not) at market 1 or two minutes AFTER the pattern is identified. A strategy cannot wait, when a candle closes and a pattern is identified it has to enter or not to enter without having a chance to visualize the market but acting upon conditions set days or weeks before by a programmer. They are more prone to errors because there’s no human decision in them.
Moreover, people fear that sharing their code could help someone make them better for themselves and make them profitable, while the original one may not be good enough.
Anyway, there are some good ideas and code in the library and in many posts. It’s just a matter of testing, coding, debugging, make changes….. in a word TIME! But it can be rewarding spending it.
a good strategy will loss their edge once become public, so likely might have customized it to be unique. It is a myth or truth?
Definitely a myth. How would one hundred or one thousand people could make move a country index just with a trading strategy used on their own trading account with a CFD broker?
top coders on this forum don’t share their most profitable algorithms
Haha, I think so. But I can understand, since the effort to build a profitable algo is very large, what is in for them to just share it? It is hard to see others will just take advantage, while they spent days and nights for it and such effort is not rewarded. I think that’s why @Nicolas started the market place. Looking forward, but seems postponed.
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Nobody doing it big with their own custom tools and systems with decades of blood, tears, failures and margin calls will share their code with the public. This is not something to even debate about and is simple as that. Those who debate just haven’t been in the game long enough to realize how hard is to become profitable alone on the consistent basis and not even talking systematic. Thats a whole different ball game. Yes, there are people winning but only a small % and they are very smart, have tremendous amounts of real experience and are living, breathing and eating markets fwiw. It is such a tough game that the room between loss and win is small af and everything has to be done with exact precision as per your edge considering you have one. So making your code public goes straight out the window imho. That being said I wish everyones best of luck and smooth sailing!
Regards,
Bel.
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