Stolen strategy!

Harrystyles

Junior member
10 1
Hi all,

Not 100% I'm posting in right section here but I'll get straight to the point:

Without going into too many details I've got a strong suspicion that the prop firm whom I trade with have figured out my strategy and distributed it to some other traders (who they back).

1. Anyone else experienced anything similar to this?!
2. Is there ANYTHING I can do about this (fairly sure I know the answer but ANY advice on action I could possibly take would be great - I worked damn hard on that strategy for it to just be nabbed!)
3. Any ideas on how I can protect myself from this in the future?

Kind Regards,

Harry.
 

Lightning McQueen

Moderator
4,935 788
I wouldn't worry none harry. it's your strategy, you put the hard work in on it so know how it works and if and when there are any market changes you and you alone will be able to adapt, the other chumps will be left high and dry. just carry on with it and keep things closer to your chest in future.
 

counter_violent

Legendary member
11,279 3,005
Hi all,

Not 100% I'm posting in right section here but I'll get straight to the point:

Without going into too many details I've got a strong suspicion that the prop firm whom I trade with have figured out my strategy and distributed it to some other traders (who they back).

1. Anyone else experienced anything similar to this?!
2. Is there ANYTHING I can do about this (fairly sure I know the answer but ANY advice on action I could possibly take would be great - I worked damn hard on that strategy for it to just be nabbed!)
3. Any ideas on how I can protect myself from this in the future?

Kind Regards,

Harry.

Is this an automated strategy or manually traded ?
 

counter_violent

Legendary member
11,279 3,005
I manually trade it but it's a mechanical rule-based strategy

I'm guessing that your risk managers were only doing what they are paid to do which is go over everyone's trades to check performance. Maybe the pattern is easily discernible once numerous examples have been studied. Lets face it, if they like what they see, then for sure they are going to get others to trade in a similar way. It's all about the money !

Have you spoken to other traders who you suspect are trading your system? There is a chance they don't even know it's your system.
 
Last edited:

Harrystyles

Junior member
10 1
I'm guessing that your risk managers were only doing what they are paid to do which is go over everyone's trades to check performance. Maybe the pattern is easily discernible once numerous examples have been studied. Lets face it, if they like what they see, then for sure they are going to get others to trade in a similar way. It's all about the money !

Have you spoken to other traders who you suspect are trading your system? There is a chance they don't even know it's your system.

I think you've hit the nail on the head counter violent. The risk managers get slice of the overall office performance so unfortunately are highly incentivised to propagate anything half decent. Haven't spoken to any other traders yet as I don't want to draw ANY more unnecessary attention to my strategy!

Not sure what to do as I worked real hard on that one & I'm already seeing deminished returns because of the extra volume in the market :cry: got one or two further ideas but massively disincentivised to implement them in case they get nabbed again!
 

counter_violent

Legendary member
11,279 3,005
I think you've hit the nail on the head counter violent. The risk managers get slice of the overall office performance so unfortunately are highly incentivised to propagate anything half decent. Haven't spoken to any other traders yet as I don't want to draw ANY more unnecessary attention to my strategy!

Not sure what to do as I worked real hard on that one & I'm already seeing deminished returns because of the extra volume in the market :cry: got one or two further ideas but massively disincentivised to implement them in case they get nabbed again!

Well I'm not sure if you need the job and their facilities, but the alternative assuming you have a verifiable audited track record, might be to seek alternative backing or if you have enough working capital, scale down and go it alone.
 

Lightning McQueen

Moderator
4,935 788
I think you've hit the nail on the head counter violent. The risk managers get slice of the overall office performance so unfortunately are highly incentivised to propagate anything half decent. Haven't spoken to any other traders yet as I don't want to draw ANY more unnecessary attention to my strategy!

Not sure what to do as I worked real hard on that one & I'm already seeing deminished returns because of the extra volume in the market :cry: got one or two further ideas but massively disincentivised to implement them in case they get nabbed again!

if you are seeing diminished returns then it must surely follow the others are seeing a similar result. you must adapt, if indeed they're following you then surely you know what they're going to do, so change, formulate accordingly and take their money. a man of your calibre should be able to figure it out.
 

Forexmospherian

Legendary member
39,928 3,301
Not sure what to do as I worked real hard on that one & I'm already seeing deminished returns because of the extra volume in the market :cry: got one or two further ideas but massively disincentivised to implement them in case they get nabbed again!

Hi Harry

Just out of interest - what market was it being used on ? and what type of volume was you using ??

Cheers


F
 

itspossible

Senior member
2,796 569
Harry%20Styles%20at%20BBC%20Radio%201's%20Teen%20Awards%202012

You are not hatching something are you Arry;)
 

tagpole

Junior member
23 1
Hey harry, can you PLEASE email me your SECRET strategy ...so I can sell it to Mr VinceSLIMBALLzione for a quick £500,000 CASH :LOL:
 

Harrystyles

Junior member
10 1
Hi Harry

Just out of interest - what market was it being used on ? and what type of volume was you using ??

Cheers


F

It can be used on any market so long as the signals exist (I've probably traded circa 20 markets with it this year) clip is risk based so on more volatile/high tick value markets size is decreased but generally between 50 & 100 lot clip, occasionally more.
 

neil

Legendary member
5,167 749
slowly, slowly catchee monkey

Harry%20Styles%20at%20BBC%20Radio%201's%20Teen%20Awards%202012

You are not hatching something are you Arry;)

I was thinking along the same lines:LOL:

If you had a sure fire rip snorting way to make money then why trade in a prop shop? Why not go it alone? And I am sure you are not writing in the hope that people might pm you to bid for your "system" and I am probably being cynical thinking that this could be a build up to a sales pitch. After all, it's nearly Christmas and people really believe in good will to all men :innocent:
 

counter_violent

Legendary member
11,279 3,005
It can be used on any market so long as the signals exist (I've probably traded circa 20 markets with it this year) clip is risk based so on more volatile/high tick value markets size is decreased but generally between 50 & 100 lot clip, occasionally more.

I suppose it's true that an edge can erode if it becomes widely known but given that you have traded it across a wide selection of instruments leads me to think that changes in the markets in general are at play.
It's also possible that algo's have picked up on the trade signature left in the markets and are busying themselves watching for activity.

Interesting thread.
 

Harrystyles

Junior member
10 1
Well I'm not sure if you need the job and their facilities, but the alternative assuming you have a verifiable audited track record, might be to seek alternative backing or if you have enough working capital, scale down and go it alone.

Unfortunately pretty much all my trading is high-volume so I'm a bit limited in where I can trade as I need real low rt costs. Anyone know of any prop firms which may be able to offer this (although it may be a big assumption that I wouldn't have the same problem elsewhere?!)?

Alternative backing sounds interesting although (embarrassingly :eek:) I'm not sure what you mean by an 'audited' track record exactly? Verified by an accountant?!

Many thanks for the help so far guys.
 
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