Contribue to building a shared trading strategy

good day to you all. i've been tinkering with an idea but am still trying to figure out how to put it across in clear and concise way. i'll give it a go.

i have a strategy which is about 80% complete and i thought to invite a few other INTERMEDIATE traders on the board to participate in developing this strategy to a workable model.

i am wanting to open a private room for this but am posting here to see if there is any interest first. obviously this will all depend on the moderators/admin permitting a private room (or social group i think it's called?) for this purpose, so the go ahead will not come from me but from them.

i am looking for people who have some market knowledge and who have experience of both REAL profit and loss - size doesn't matter (...where ave i heard that before?). i am not looking for complete newbies who have not yet done much of their own work and i am not looking for experienced traders who are already profitable. it doesn't matter how many posts you've made although a few would be helpful in assessing your level of understanding and intentions on the board so far.(i'd prefer hearing from people who have posted around 200 times or LESS).

i believe that where i am now struggling to complete this strategy a combined effort will not only help me to achieve this goal, but will help all who become involved as well. as i say, i believe my system to be about 80% complete so that is a large contribution on my part. i am willing to share this in it's entirety with strangers in return for some input from you (if your input is not workable that's no problem, as long as you are willing to make a contribution).

i've been reading these boards for about three years now so i have some idea of who is who (although i'm aware there is a vast silent majority). what i don't want is disruption or unconstructive criticism and arguments among participants which is why i've decided to go with the private group on invitation only basis. i would like it to be a haven for intelligent thought and development that will enrich those who take part - even if you dislike the system and decide it's not for you. that's fine too. hopefully you will still benefit in some way but if you choose to leave hopefully you would also have gained something.

what does my system comprise so far? it is purely technical at this point and is based on price action and support/resistance mainly. it also includes prediction and projection levels based on simple observation. there are no indicators required as yet (although momentum and ADX have proven useful at times). i have the exit strategy and money management done. the entry setups is the difficulty because this system does require a definate entry point. of course, i always know where this was in hindsight. this is the area where the system is needing development so if you have good entry ideas but perhaps having difficutly with the other two aspects of your own trading stategy, this may be a perfect project for you to get involved in.

i don't want to be wasting anybody's time and i don't want to be wasting mine either. so if you think this could be of GENUINE interest to you, please PM me or post a comment and i'll let you know how things are progressing. i'm looking for about 4+ people (don't want too many as i don't want to be spending my time in administrative nightmare trying to keep track of who's who, if you know what i mean).

i will not be teaching/training/advising in any capacity whatsoever - so if you're looking to learn something, you're in the wrong place. it won't be a case of me banging on about something while hundreds can read my posts if they choose to. i don't have a system to 'teach' and i'm not selling anything. this project will be highly interactive but has to consist of group members who are comfortable with the arrangement and with each other. and of course there has to be a level of trust and sincerity as well. so please only PM if you have a genuine interest. i will fully explain the system so far if there is indeed any interest and of course once the room is setup.

many thanks

I am afraid purely technical strategies are just not for me... Good luck!

Might be an idea to let bods know which particular market or markets you're interested in as that will have a significant impact on interest.

In which part of Ireland and you based?

thanks for your reply, bramble. it doen' really matter about which market because this system will work in any market. don't want to be 'tying' anyone to the system or making them feel they should trade a certain instrument or even follow all the rules. but if someone can get something useful out of it and also maybe contribute, that's all i'm after really.

co kildare (wicklow) - bout half hour from dublin

thanks for your reply, martinghoul but the system is only BASED on technicals. that is the structure. but it also plays over any time scale so other market analysis and fundamentals would be a great addition and indeed valuable. i'm open to all ideas - of course if they could translate into a technical entry that would be ideal. but i'm also trying to keep it real simple.

Two things worry me here:

1. Why would you prefer people who have posted 200 times or less? That doesn't make sense to me at all. And;

2. How can you say the system will work in any market before it works in any market? How do you know that?

hey there, megamuel. to answer your questions -

1) the reason i said i PREFER around 200 posts is because i assume members who have posted this much are still making enquiries rather than contributions. i reckoned that once members are making regular contributions they're either going to be too advanced and perhaps critical of the system as it is so far OR they could be the disruptive types which isn't going to work well. but someone like you, for example, would be perfect (just been reading your journal) so you'd be more than welcome if it interests you at all - i just wouldn't want to be wasting your time. btw, i have an entry rule very similar to mrcharts there on your first trade that would have got you in at the same level and another before that as well. ok, so to sum up if anyone else is reading this - the 200 posts is not that important, it's just a guide.

2) secondly, this system is by no means complete thats why the invitation for people to help develop it into something workable and to the benefit of all involved - (two brains better than one and all that). but i have applied it so far to all time frames on futures, stocks, currencies - and it works well. commodities are slightly different though to be honest and a little more room has to be given there, but i don't trade commodities so haven't really looked into it that.

anyway, i'm not trying to sell anyone a complete system here - if anyone else is reading and there is any confusion please re-read my opening post. very briefly, the system is largely made up of well known rules with one unique angle (or i assume unique, i could be wrong). and even this is very simple but just does not seem to be widely spoken about or even mentioned - yet i find it very effective especially as regards managing the trade and exits. anyways, hope this answers your question. i'll be off reading more of your journal...

why dont you just reveal all your plan here, then anyone interested will give their suggestion and improvement.