I am looking to partner with an extremely talented individual, or firm, to develop a fully automatic, algorithm trading machine. The finished product will scan a universe of instruments in different time frames, locate and execute trades according to my criteria. The program should be written specifically for this project and not rely on generic software such as TradeStation, Meta Stock, etc.
The applicant must have had professional experience in the development of algorithmic trading. Samples of previous projects would be very helpful.
This will be on a share the rewards basis only; I will contribute the methodology and you contribute the programming.
Theory of my methodology
Picture a pebble dropping into a still pond. Before the pebble even hits the water, your mind can imagine what the ensuing ripples will look like. This is because you have seen it, perhaps millions of times during your life. Picture a bowling ball dropping into a still pond. You may not have seen it as much, so your mind does a quick search and possibly comes up with the word chaos, or something similar. Actually, apart from the size of the splash the result would be the same; ripples/waves that eventually “settle” into a “natural rhythm.”
The same thing happens in any free traded market. When small pieces of news come out, there will be small ripples/waves. When big pieces of news come out, there will be big waves. There is always a wave in progress. It is impossible for there to be motion without a wave rhythm. By following a precise set of rules and adjusting the time frame on an “as needed” basis, developing waves will not be able to escape detection.
By now, a quant reading this may have realized that what I am attempting to do falls somewhat outside the boundaries of regular ALGOs; no pairs trading or curve fitted algorithms. Wave trading does not have fixed parameters set by a “tested” standard deviation. Wave trading is a natural rhythm that constantly repeats itself with no need for curve fitting in bull or bear markets. The parameters are self adjusting according to the size of the Wave.
I have been developing this methodology for over forty years and I am convinced that, with the right partner, “we” can develop a fully automatic algorithmic trading machine. The finished product will not be designed for retail. Ideally, it will be leased to hedge funds, banks and other financial institutions and command huge royalties.
If you would be interested in such a project you can email me with your specific thoughts on how you could contribute to this project.
Please reply to Bill.Wolfe@WolfeWave.com. All replies will be held in strictest confidence.
Sincerely,
Bill Wolfe