Trade-Ideas Support Forum

Execution Consulting => Trade Ideas Custom Strategy Forum => Topic started by: TradeIdeas_DA on August 03, 2012, 01:28:44 pm

Title: Pricing Schedule and Deliverables
Post by: TradeIdeas_DA on August 03, 2012, 01:28:44 pm
Deliverables

As part of its Execution Consulting Services, Trade Ideas offers the following:
Deliverable Example(s) can be found here: http://forums.trade-ideas.com/index.php?topic=861.0

Pricing Schedule

Pricing as of October 2012. 
Total amount for the above, payable by credit card, to get scheduled: $1100
We can deliver new strategies within Execution Consulting Services from scratch for $250/per.

UPDATE 2017/2018:
The creation of strategies developed by Trade Ideas, as described in the Deliverables above, is now integrated into Trade Ideas' Premium subscription which includes the innovations in A.I., aka HOLLY.
Execution Consulting is not a service that is presently offered at Trade-Ideas. 

If you have any questions, please contact us here in the forum or at executionconsulting@trade-ideas.com
Title: Re: Pricing Schedule and Deliverables
Post by: youngamerican68 on August 03, 2012, 03:51:22 pm
Am I correct that this works out to being able to purchase the oddsmaker with the addition of you guys creating 2 strategies for the user which includes all future tweaks?
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas_DA on August 03, 2012, 03:59:18 pm
You are correct. We think it makes the technology even more compelling to provide with a proven starting point that's built around the way you trade.  It makes the adoption of the technology into your trading routine all the easier. 

We have not put a sunset timeframe on 'all future tweaks' but if we need to we will.  The OddsMaker is supposed to execute on the 'teach a man how to fish' vs. feeding him a fish model.
Title: Re: Pricing Schedule and Deliverables
Post by: youngamerican68 on August 03, 2012, 04:22:47 pm
Can you explain a bit of the process in how the strategies are developed? I am assuming that you have created a computer modeling program similar to the oddsmaker that will back into a strategy? Would you be willing to do a video on youtube showing an example of the process and what is produced, without of course disclosing the elements of the strategy. I am trying to grasp exactly how this is done. Thanks
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas_DA on August 03, 2012, 04:53:48 pm
We are simply listening to your input on how you like to trade (see the Getting Started thread in this Execution Consulting section of the forum, http://forums.trade-ideas.com/index.php?topic=857.0) and then actually using The OddsMaker's latest optimization features to build a strategy that is ideal for these market conditions. 

If you look at the latest videos of the OddsMaker on our YouTube page http://www.youtube.com/TradeIdeas, you'll see the equipment we're using in the process of making a working, profitable strategy that's yours.
Title: Re: Pricing Schedule and Deliverables
Post by: youngamerican68 on August 03, 2012, 07:11:13 pm
Ok thanks for the explanation. So you are using the odds maker, not some other program, to develop the strategy. I got the impression that the strategy was created by a more advanced internal program that has not been released. I am a little behind on the oddsmaker capabilities and will watch the videos this weekend. Is it at that point where I can put in bunch of alerts and filters and tell it to give me an optimized strategy or does it still take a lot of user participation to get something appropriate? Can I, for example, tell the oddsmaker to show me a long strategy for stocks which have reported earnings within the past 2 days and have gapped down a certain percent today and the oddsmaker will then give me a strategy which is ready to go? If yes I am getting excited!
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas1 on August 03, 2012, 07:22:23 pm
This is the part you pay for.  What we have is a custom piece of software internally that does exactly what you say.  It was designed specifically for this execution consulting type business.  It is in essence a machine learning algorithm that looks at all the filter and alert values and helps identify the best predictive values based on the higher level general settings that we input based on your feedback.  You can then work with all the settings on your own via the optimization features.  The internal algo is not designed for public use just for internal use to help us help the end user. 
Title: Re: Pricing Schedule and Deliverables
Post by: youngamerican68 on August 03, 2012, 07:26:17 pm
"You can then work with all the settings on your own via the optimization features" by this do you mean the oddsmaker? 
Title: Re: Pricing Schedule and Deliverables
Post by: Barrie Einarson on August 03, 2012, 07:54:45 pm
I will answer that and say Yes.  Once you run a strategy through The Oddsmaker, there is an Optimization tab that you can click on.  There you can see things like the best time of day that the strategy works, the best price range etc.  So even though the strategy that they develop for you might work very well, you may find that it works the best during power hour and with stocks between  $40.00 and $50.00 - in other words, you will increase the odds of a better outcome by seeing where the most profitable trades are.






Title: Re: Pricing Schedule and Deliverables
Post by: youngamerican68 on August 03, 2012, 08:25:12 pm
thank you
Title: Re: Pricing Schedule and Deliverables
Post by: Barrie Einarson on August 04, 2012, 01:56:50 pm
One of the real values of The Oddsmaker is this.  Once you have a strategy that you have created or one that TI has developed for you, now you have the opportunity to tweak it.  For instance, the strategy may work well for several weeks but then market conditions change and the results aren't as good.  What to do?  Which filter do you adjust and by how much - or maybe it's a combination of the filters - or maybe you have to add a filter - the point is that by using The Oddsmaker, you can quickly make some adjustments to see how they affect the profitability of the strategy.   
Title: Re: Pricing Schedule and Deliverables
Post by: bollywoodboy on August 04, 2012, 07:24:23 pm
Bruin how has your system been treating you lately after its run of winners? As to the consultation services, how far back does the in house computer go in determining the strategy? What is considered an optimized strategy? 70% winners? 80% winners? 3:1 winners vs. losers? What are we talking here as far as the results you are producing.  What if I tell you I want you to create a long only strategy for a break of 3 days highs and the best result is a break even strategy? Then what.  I think you guys need to post an example of what you are producing in this service as the description is a bit vague and it is not clear what one's expectations should be.  Thanks
Title: Re: Pricing Schedule and Deliverables
Post by: Barrie Einarson on August 04, 2012, 07:47:45 pm
It is more the profitability that you are looking for - in theory, you could have a system that has 30% winners, 70% losers but if those winners are giving you a 1:5 RR and the losers are 1:1, then you still have a winning strategy.

As far as my personal strategy is working, it is still working great.  I have learned to be a little more selective in what alerts will work better than others.  An obvious consideration is looking at support ( this is a short strategy) so if I see an alert triggered at e.g. 34.65 and there is a ton of support at 34.50, I may not take the trade.  So there is still a human element when considering a trade.

Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas_DA on August 04, 2012, 10:22:59 pm
Thank you bbruin as always for excellent feedback and advice.

Thank you also bwboy.  I will post a redacted image and description of what a deliverable looks like.  But we do what you describe.  We deliver results that produce positive net gains with clear advantages given the way you expect to trade e.g., if you only trade 3x/day vs 3x/hour. What's the definition of a clear advantage? It's your own in a sense combined with what we show you as possible. The purpose of the custom design is to create a strategy and plan you are comfortable trading - not something unfamiliar to you. See bbruin's remark about the thought process that's still required.

Bottom line: in our conversation to build your strategy, we'll arrive at shared expectations.

Edit: Deliverable Example(s) can be found here: http://forums.trade-ideas.com/index.php?topic=861.0
Title: Re: Pricing Schedule and Deliverables
Post by: newyorktrader on August 05, 2012, 10:55:28 am
Long time lurker here. This service sounds right up my alley. I would like to see the image of the typical deliverable as well. Since we are all here to make money, isn't the best approach to just tell you I want to trade once a day and risk no more then X dollars and give me the best the computer has got? The risk in this is that the approach stops working the day one begins trading it or goes into a steep drawdown as that has happened to me using a mechanical system, which is what this sounds like unless I am wrong? This market changes its mind more then my wife so most systems need constant tinkering, is that included in the price so that this system is kept fine tuned?
Title: Re: Pricing Schedule and Deliverables
Post by: Barrie Einarson on August 05, 2012, 12:21:06 pm
As I said in a previous post, you should still use common sense with any alert that you get - I don't use it as a purely mechanical system.  However, once I'm in a trade, I have more confidence about staying in the trade and not worrying about some of the gyrations that may take place after I have entered the trade.  I honestly can't say that about any other strategy that I have developed on my own.

With The Oddsmaker, you can tweak it on your own but TI offers 2 months of support to help you to refine the strategy if it is not performing as you think it should be.
Title: Re: Pricing Schedule and Deliverables
Post by: newyorktrader on August 05, 2012, 12:28:13 pm
bbruin what did the computer strategy come up with that you didn't see on your own? Did it come up with a combination of alerts/filters that you would not have thought of?
Title: Re: Pricing Schedule and Deliverables
Post by: Barrie Einarson on August 05, 2012, 02:42:50 pm
There was one filter that it used that I wouldn't have thought of but it was more about the actual values for the filters that the algorithm produced that I never would have used.  As an example, you might put a Current Volume filter of 3 or 4 or 5 - but you would never put 3.48 - and that's what the computer might come up with as optimum.
Title: Re: Pricing Schedule and Deliverables
Post by: bollywoodboy on August 05, 2012, 06:55:13 pm
Bruin did you have a trading premise going in as to what you wanted? Is the algo merely data mining and combining alerts and filters which show amazing back testing results? This would be curve fitting to get an impressive system which will have no bearing on future performance.
Title: Re: Pricing Schedule and Deliverables
Post by: Barrie Einarson on August 06, 2012, 09:07:54 am
I am almost 100% a day trader so I was looking for a day trading strategy.  I also don't like to hold more than 2 positions open at the same time so I wasn't looking something that was going to deliver many alerts during the day.  I would say that the average # of alerts I'm getting is 5 - for me that is perfect.

Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas1 on August 06, 2012, 10:45:05 am
You are correct about working with the system.  I also want to thank everyone for the posts and helping each other.  The computer is great at figuring out what is working over the last turn.  That last turn is 30 days.  We start with a fundamental approach to strategy building.  When we speak to a client we asses if the client likes continuation plays, consolidations plays, reversals, time frames etc.  So we start with the human aspect.  Then we ask the computer to help us isolate the most predictive elements of this type of pattern over the last 30 days.  The beauty about the end result is that it gives you the freedom to focus more on the management of the trade versus the stock selection.  You can use the system exactly, you can trade around it some as well.  There are opportunities on different sides.  But at the very least you know that you are applying technology in the best way that it can be applied.  Today in a very competitive market with fluctuating volatility this type of analysis is about as good as it gets. 
Title: Re: Pricing Schedule and Deliverables
Post by: newyorktrader on August 06, 2012, 07:27:42 pm
Tradeideas1 do we have a fair amount of time to work with you and the computer to come up with something satisfying. I am a nitpicker so If I want to change gears with a strategy is that a problem? My first ideas as to what I want to do might not be profitable.
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas1 on August 08, 2012, 10:35:28 am
We work with you for two months on the first set of strategies to continue the correlation process.  We also show you and teach you how to use the optimizer inside the OddsMaker.  Then we of course can build new ones from scratch for $250. 
Title: Re: Pricing Schedule and Deliverables
Post by: newyorktrader on August 18, 2012, 05:05:30 pm
Does this service work with custom filters created in the formula editor?
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas1 on August 18, 2012, 06:06:23 pm
Yes, in fact your custom filters are a guarantee that your strategy is that much more unique to you.  Great question!
Title: Re: Pricing Schedule and Deliverables
Post by: bollywoodboy on September 05, 2012, 08:24:37 am
Is there anybody else out there who can speak to their experiences with the custom execution?
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas1 on September 06, 2012, 11:47:39 am
As many of you now already know first hand.  We work hard to work with you throughout the whole execution consulting process.  Designing strategies is an art form and every strategy is different based on your inputs.  The more you can tell us the more we can help you!
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas_DA on October 04, 2012, 08:36:35 pm
I am answering a question here from a post made elsewhere in the forum:

Quote
Posted by: othermbx
« on: October 03, 2012, 09:12:08 PM » Insert Quote
Lots of questions on how this works:

1) Do you already have a library of different setups that have been optimized, available for a fee? That would be interesting.
2) Or do you always start with the customer's top list / alert and optimize ONLY that (even though you may possess a similar strategy that is far superior)?
3) How does pricing work?
4) If the strategy needs re-tweaking when market conditions change, is that a whole new engagement or is there a support provision in the original engagement?
5) Are you doing the optimization manually or do you run an optimization engine? If the latter, is that something available through a subscription model?
6) I imagine that at the end of the day, there's only a narrow set (I'm guessing 3 or 4) of filters that are the key to all winning strategies. After the initial consulting engagement, the customer is obviously aware of this... and so the chances or repeat business drops to near zero. How do you guard against that (I'm guessing I'm not going to like the answer).

OK, lots of question. Just so we're on the same page, "Go jump in the lake you nosy/cheap b*stard" is a perfectly acceptable answer!

Answers:

1. We would not call it a library.  It's more like style guidelines we follow currently that get us (and our customers) great results.  The style guidelines are like rules for dressing yourself: never wear plaid on plaid, avoid parachute pants and knit ties, and dark suit, dark tie, and white shirt always look good, etc.  Rules for fashion change, of course, and we always try to stay ahead of the curve (and always check your fly!)

2. We always start with the answers our customers give us to the questionnaire in the Getting Started thread: http://forums.trade-ideas.com/index.php?topic=857.0.  Sometimes it's not a strategy given to us, but a list of stocks and times when they were traded that give us an idea how a customer trades.

3. Pricing: http://forums.trade-ideas.com/index.php?topic=858.0

4. We work with you for two months on the first set of strategies to continue the correlation process.  We also show you and teach you how to use the optimizer inside the OddsMaker.  Then we of course can build new ones from scratch for $250.

5. We are running the optimizations semi-manually, using a piece of software that is not even in beta-testing yet and that 1 day, may be commercially available.

6. You'd be surprised at how different the strategies are - different strokes for different kinds of folks trading.  Add to that just how much the success of a strategy depends not on the FILTERS used but rather the TRADING PLAN parameters i.e., what time of day the strategy is traded, how long the holding period, etc.  Mix in all these variables and you get a wide range of what's successful.  And then it all has to be rediscovered again when the market evolves and changes.
Title: Re: Pricing Schedule and Deliverables
Post by: othermbx on October 04, 2012, 10:32:53 pm
This sounds great, thanks.
Title: Execution Models for Intra-Day Money Making, Training Program by Trade Ideas,
Post by: Weilogix on January 13, 2014, 06:02:49 pm
I am interested to konw about custom designed execution model for intra-day trading system for cheaper stocks($0.10-2.00 only). I have so far set up few models but I need  to consult news related to upswing stock,short term and mid-term charts plus intra-day tick by tick 1 or 2 minute and above charts. I wonder why Trade Ideas donot offer at least one free set up up for all Annual Members and then charge $250 from the second one. Many good Chart Companies offer free training city by city to the regualar members. Donot get me wrong, Trade Ideas helping me money , and it is outstanding,but I would like to see a more precise system module formula  which should work every time if it matches your module. Let us request Trade Ideas to offer one FREE module formula according to member's need. Any one has any other ideas?
Title: Re: Pricing Schedule and Deliverables
Post by: Barrie Einarson on January 13, 2014, 09:21:19 pm
Hi .. Trade Ideas offers one hour of free training.  Also, if you right click an Alert window and then click on Configure, Strategies, you will see that there are many built-in strategies available to subscribers - Bullish, Bearish and Neutral.

",but I would like to see a more precise system module formula  which should work every time if it matches your module." 

If by the above statement you are looking for a strategy that will work 100% of the time, unfortunately, that just doesn't exist.  The Oddsmaker can be used to optimize a strategy but you will never get 100% success 100% of the time.

Cheers

Barrie Einarson
Trade Ideas Trading Room Moderator
http://forums.trade-ideas.com/

Title: Re: Pricing Schedule and Deliverables
Post by: TopGun on August 04, 2016, 03:57:01 pm
Is the custom programming service still available?
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas_DA on August 05, 2016, 07:49:05 am
We do!

Here's how to get started: http://forums.trade-ideas.com/index.php?topic=857.0

Also note this thread: http://forums.trade-ideas.com/index.php?topic=858.msg2869;topicseen#msg2869
Title: Re: Pricing Schedule and Deliverables
Post by: GainHunter on July 23, 2017, 08:13:09 pm
If I purchase this will I be able to completely edit the strategy myself say six months from now if market contusions change? Will the oddsmaker still work then? What happens if I don't have an active TI membership? Will it all stop working at this point forward?
Title: Re: Pricing Schedule and Deliverables
Post by: TradeIdeas_DA on July 24, 2017, 12:46:45 pm
Hi,

If you are referring to the Execution Services where Trade Ideas can create and model a custom strategy according to your trading preferences, then yes, you always edit the strategy as often as you like. This service is $250/per strategy. The results of the strategy are dependent on you being a Trade Ideas subscriber. Otherwise, you will not have access to the data on which the strategy scans for an opportunity. It will also require subscribing at the Premium level in order to have access to the OddsMaker, which will allow you to continually modify the strategy's settings in light of market conditions.

Best,

DA