Trading for a Hedge Fund

[SCFX]

Does anyone know if a hedge fund would take an individaul with a modest trading track record (not been doing it for a vast time, 6 month track record, possitive!) and his own algorithms? My programmer has told me that my algorithms are of institutional quality from her 20 yrs of trading and programming experience......... I have an MSc in a quantatative subject (finance) which might help with these type of firms. ohh.. i also have 18 months as a traders assistant in a old skool trading firm.... what do u think my chances are?

I'm just getting so damn bored of working from home, i'm a sociable person and getting to the end of my tether. Need some capital backing and some people to work around.... Prop firms, hedge funds etc are all options i guess...

Cheers Charlie

 

[leovirgo]

any luck? any offers?

All the best,..

 

[TWI]

Which markets are you covering and what is the broad methodology?

 

[SCFX]

Hi TWI,

thanks for replying to my thread. My algorithms are fully automated and are designed with technical indicators (some proprietary) and basic technical theory(volume and price mainly). Some parts of my models are traded with a slight statsitcal view i.e when the market get to X % of the daily ATR the model might start looking for reversal as the market will only exceed such a price range a small % of the time... these sort of ideas i might use to add to the basic technical system. Also my stops and targets are some what dynamic in that they expand and contract as volatility expands and contracts in the market.

I trade mainly CME and CBOT (ER2, ES, YM) products but did until recently also trade FX ( i have other systems which i have designed and tested which have good track records on FX markets too). I did trade the DAX until a few months back but found the execution quite inferior to CME and CBOT exchanges.

On the FX i will usually trade off 60 min + time frames usually looking for anything from 50+ pips ... on the futures i trade off 1 and 3 min charts on the ES i'm looking for about 2 to 3 points on both systems, ER2 i'm looking for about 1 to 1.5 points and the YM for about 15 to 20 points. I believe i could trade off higher time frames as these might allow me to trade with more volume should i ever need to. My systems are mainly picking tops and bottoms on the futures and more directional on the FX. however, i am also developing a directional model for the futures.. but this takes much much much time to develop properly.

Although the market have been very directional over the past 2 days and my systems are counter trend my account has not been damaged by this.

Hope this is enough info.

Thanks

Charlie

 

[SCFX]

oohh i also use intermarket analysis.. very importnat as a confirmation for some of my entries. I have this all programmed so that the algorithm before entry looks to another instrument to see if this supports my entry.

thanks Charlie