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StatArb Pro 250,000 USD (By statarbpro)

Gain : +17.81%
Drawdown 7.99%
Pips: 352.1
Trades 128
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Manual

StatArb Pro 250,000 USD Discussion

PipGnostic
TheCyclist
Aug 26 2012 at 00:37
724 posts
And you do realise you can't do a Statarb using two pairs as you are in fact creating a synthetic pair?

EurUsd vs GbpUsd is in fact EurGpb and so forth. To do what you're claiming you are doing you'd have to trade baskets against each other. Not pairs. Say a Eur basket vs a Usd basket which is tadaaaaaa...EurUsd.

Capiche....?!

statarbpro (statarbpro)
Aug 26 2012 at 01:15
55 posts
TheCyclist posted:
That is a supremely crap website. Screams internet marketer. Why someone who has $500k will try flog EA's for $300 is also a mystery.

Well not really. I wouldn't touch this with a barge pole.


TheCyclist posted:
And you do realise you can't do a Statarb using two pairs as you are in fact creating a synthetic pair?

EurUsd vs GbpUsd is in fact EurGpb and so forth. To do what you're claiming you are doing you'd have to trade baskets against each other. Not pairs. Say a Eur basket vs a Usd basket which is tadaaaaaa...EurUsd.

Capiche....?!


Posts like this are born of ignorance. You're the typical guy with a million posts who obviously knows it all. You're obviously frustrated as well and I feel for you. I was in your shoes many years ago. This isn't an easy market to trade.

Almost every post of yours on Myfxbook is inflammatory and derogatory. You talk down to everyone like you're the chosen one. I wouldn't expect a post in this thread to be any different I suppose, but your signature says 'show me your pips' so I feel obligated to show you about 21 THOUSAND doing what you say can't be done or I'm wrong in doing.



The next time you decide to come here and want to debate the merits of Statistical Arbitrage (which can be done either in baskets or pair against pair), come with something more substantial than name calling. Oh, and if you can, back it up with results. I mean, I took the time to read a few of your posts. You talk a LOT, but can you trade? Do you have a system that works?

Time to come with the results or be forever relegated to the 'just another guy talking smack' crowd.

I'm a pretty nice, down-to-earth guy, but when someone comes here, posts nonsense that is based entirely on ignorance with the intention of nothing more than starting trouble and questions my integrity... I'm sorry dude. Put up or shut up.

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PipGnostic
TheCyclist
Aug 26 2012 at 01:47
724 posts
Ya I can trade. API none the less. Not a MT jockey.

So which bit I said about the statarb was wrong? You need to trade pairs to do it. Fx is a pair already!

Pips of course mean nothing. You should know that.

I don't buy a word you're saying. I think you're a web marketer.

And my posts are derogatory as I mostly go after the most obvious con's, half of which was two guys called Bruce and Zero under different id's.

One of them did jail time for cheque fraud while the other lost over $100 000 of clients funds. But that was ok because 'it wasn't his money'...

So ya, I tend to be derogatory. Especially when I see something like this, a guy with a $250 000 trading account selling $300 Ea's? Who doesn't seem to understand that you can't do a statarb using instruments that are already pairs?

C'mon man...

statarbpro (statarbpro)
Aug 26 2012 at 02:20
55 posts
Let me see? You cannot do Statistical Arbitrage with forex pairs? That's what you're saying? Because I've kind of made a career out of it.

What is statistical arbitrage if not the comparison of two or more timeseries (or in this case price series) with high correlation or cointergration and high covariance and trading them long and short after they have breached a level that is beyond statistical norms?

I could arb coconuts and the Q's provided the timeseries passed muster and I could normalize the positions for deposit currency. A PAIR of price series is what's needed. Doesn't matter if it's a currency pair or a stock.

As far as my financial status and the price of the EA, how many retail traders would I get it out to, to help if I sold it for $500K a pop? Or as a FIX black box ( yeah.. API trader too). The answer is very few.

This is FOR the 'MT Jockeys' as you so derogatorily called them. This is FOR retail traders to use. The price and the platform are catering to those people.


PipGnostic
TheCyclist
Aug 26 2012 at 02:59
724 posts
Yes you can't, if you're trading pairs against each other you're creating synthetic pairs, which in turn will have a single data series. Which of course you can then go set against another synthetic data series. The possibilities are endless aren't they?

Can save yourself half the spread by just trading the actual pair you're creating.

And I've been a MT jockey for decades myself, much to my irritation.

I just don't see someone with a large account selling Ea's. Period. Especially not with a purpose built web marketing site like that.

Doesn't help to pull the I'm helping people card. You're not. If you want to help people give it away. Your account is big enough, you don't need the money...

PipGnostic
TheCyclist
Aug 26 2012 at 03:00
724 posts
I'm surprised you don't throw in something free if I buy in the next half hour...

statarbpro (statarbpro)
Aug 26 2012 at 03:31
55 posts
TheCyclist posted:
Yes you can't, if you're trading pairs against each other you're creating synthetic pairs, which in turn will have a single data series. Which of course you can then go set against another synthetic data series. The possibilities are endless aren't they?

Can save yourself half the spread by just trading the actual pair you're creating.

And I've been a MT jockey for decades myself, much to my irritation.

I just don't see someone with a large account selling Ea's. Period. Especially not with a purpose built web marketing site like that.

Doesn't help to pull the I'm helping people card. You're not. If you want to help people give it away. Your account is big enough, you don't need the money...


1) Create a synthetic out of the CADCHF USDMXN (that's actually one that's produced great results in the past 24months). I dare you to make that into one data series. You see, not every arb opportunity has a cross. Take 56 currency pairs. Now pair them up and take all 1500 (1540 if memory serves?) permutations of them. Less than 10% have crosses that are available to the average trader or that have liquidity in any tradeable amount. Your arb opportunities would be severely limited.

2) Of course I had a 'marketing site' built. I had a product to market. I don't see where the crime is in that. I also don't see what makes it a 'scam.'

3) I could give it away, you're right. I have costs associated with it and a lot of time invested in it therefore I chose not to. Again I'm not seeing a crime in that either nor anything that makes it a 'scam.' I think people should be fiscally rewarded for hard work. Plus, something of value is seldom free.

TheCyclist posted:
But carry on McDuff. I vote scam.

I'm surprised you don't throw in something free if I buy in the next half hour...


I would ask you to never come back to this thread :) but do pop in in a month, 6 months, or a year and really.. no hard feelings, but at if any point you're a convert and can see that what I'm doing is actually of value, stop in and say hello.

I get that a lot of folks get sold on marketing rather than performance. I get your skepticism, but I stand by my claim. The performance has been there, is there now and will be there well into the future.

Again, all the best.

statarbpro (statarbpro)
Aug 26 2012 at 03:55
55 posts
And with this, I'll leave it as I really do find arguing over the internet silly and a bit pointless. Here are 2 successful arbs closed out this week. Pay attention to the first arb pair. The EURDKK GBPCAD registered as a good opportunity and you can see that a) it was successful and b) that there is no cross rate or synthetic pair to trade in this instance.



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stevewalker
stevewalker
Aug 26 2012 at 08:30
1439 posts
you can shows pips with Loss in balance. this shows nothing. positive Pips + posıtıve Balance shows the profibility.

I will wait and see.

good luck.

walker

statarbpro posted:
TheCyclist posted:
That is a supremely crap website. Screams internet marketer. Why someone who has $500k will try flog EA's for $300 is also a mystery.

Well not really. I wouldn't touch this with a barge pole.


TheCyclist posted:
And you do realise you can't do a Statarb using two pairs as you are in fact creating a synthetic pair?

EurUsd vs GbpUsd is in fact EurGpb and so forth. To do what you're claiming you are doing you'd have to trade baskets against each other. Not pairs. Say a Eur basket vs a Usd basket which is tadaaaaaa...EurUsd.

Capiche....?!


Posts like this are born of ignorance. You're the typical guy with a million posts who obviously knows it all. You're obviously frustrated as well and I feel for you. I was in your shoes many years ago. This isn't an easy market to trade.

Almost every post of yours on Myfxbook is inflammatory and derogatory. You talk down to everyone like you're the chosen one. I wouldn't expect a post in this thread to be any different I suppose, but your signature says 'show me your pips' so I feel obligated to show you about 21 THOUSAND doing what you say can't be done or I'm wrong in doing.



The next time you decide to come here and want to debate the merits of Statistical Arbitrage (which can be done either in baskets or pair against pair), come with something more substantial than name calling. Oh, and if you can, back it up with results. I mean, I took the time to read a few of your posts. You talk a LOT, but can you trade? Do you have a system that works?

Time to come with the results or be forever relegated to the 'just another guy talking smack' crowd.

I'm a pretty nice, down-to-earth guy, but when someone comes here, posts nonsense that is based entirely on ignorance with the intention of nothing more than starting trouble and questions my integrity... I'm sorry dude. Put up or shut up.

statarbpro (statarbpro)
Aug 26 2012 at 13:38
55 posts
stevewalker posted:
you can shows pips with Loss in balance. this shows nothing. positive Pips + posıtıve Balance shows the profibility.

I will wait and see.

good luck.

walker


Seriously? I'm convinced that people just don't pay attention or post here just with the intention of starting trouble. Stevewalker, you yourself posted this screenshot a few pages ago which if you look down a bit it clearly shows both 21,000+ pips and a 53% gain.



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