>I would just stop.
>I would start with small amounts to test it and then increase only if it works well.
>When they make an error, the chance is still almost 50%-50% that it produces win or loss.
Where I was going with this was that it is usually the speed at which the system can trade that can make a win or loss. So you're saying that you would put a timer on the system and only allow it to trade once every minute, or once every five minutes?
This is possible.
>> Intraday strategies can generate a lot of capital quickly (or lose it twice as quickly)
>the amount is specified by the order
Its not really the order size but the frequency at which the orders are executed.
>> Trading daily / weekly / monthly trading is a little less intensive than intraday but still requires some work.
> same program, same work in principle. Start with daily,weekly and then maybe proceed to
> hourly,minutely,millisecondly when it work well.
Yes that plan would work. (Just turn the juice up on the system!)
>> They might also be able to host it and maintain it for you as well.
>good !
>I just submit the money and my program
>> But as with all service based contracts this would most likely come at some cost.
>> Fixed price 100/day 1000/month?
>> Per trade? 2$ 5$ ?
>> Worse yet... Per share? ugh!
>> (no idea... just throwing out conversation numbers)
>> After fee's does the strategy still make money?
>fees will go down. There are no broker-costs once everything is automated.
>It just makes sense, so it will come earlier of later IMO.
>(in countries that legally support it.)
There should always be a broker fees.
OpenQuant only connects you to a broker like Interactive Brokers for automating your trading system.
OpenQuant still needs to talk to a broker to execute the orders.
And the fee's that I mentioned above are in addition to the broker fees.
These fees would be the monthly maintenance charges from the hosting company.
You mentioned "legally" a couple of times.... I think I see where you're going with this.
So do you mean legally support it because the hosting company could fall under OSC regulation because they are providing a financial gateway?
Hmmmm... interesting...
Just to give you an answer... Sorry... I don't know of anyone offering retail OpenQuant hosting.
QuantHouse (will host SmartQuant/OpenQuant solutions for you at the exchange) but from what I've read they only deal with institutional traders and I can't even begin to imagine what the hosting fees are like.
Taking a slight step back...
Really, its not too difficult to download and run OpenQuant.
After watching the videos and playing around with it you should be able to get the hang of running things fairly quickly. As for strategy development you would need to get the hang of C# which could take some time.
But are a large number of C# tutorials out there.
For maintenance...
Scripts can be setup to automate the nightly download of data run optimization scripts.
You'll probably still want to review the historical back tests and keep an eye on things.
If you don't want to do this yourself you could always start up a company and hire some software contractors to do it for you and get them to maintain it. ( This might also get around any OSC concerns. )
At this point the discussion starts to sound a bit like that Barenaked Ladies song...
http://en.wikipedia.org/wiki/If_I_Had_$1000000 =D
Anything is possible with a strategy that can consistently generate winners.
=D
CS