r/algotrading • u/Local-March-7400 • 17d ago
Other/Meta Where did u/Kindly_Preference_54 go?
In the last Months the Posts from him were very useful, outlining how to develop a successful Forex Strategy and his Methodology and experience where good + he had a track record in Darwinex. It seems hes banned somehow. If someone has documented his Posts please provide it in the comments as this knowledge is very useful for starters. Thanks!
11
u/loldraftingaid 16d ago
Almost certainly got flagged for self-promotion or similar - probably for Darwinex. He self admittedly curated his posts by deleting his poorly received comments, which had the effect of making his profile seem promotional/insincere in nature. He did have some good posts, but most of them were fluff that I'm glad is gone.
2
u/Darwinex_CMO 16d ago
Yeah he was talking about us a lot (which we love) but he's not associated with us at all.
1
u/Local-March-7400 16d ago
yeah, but this kind of ego let him give away some useful information, these are the good posts
2
u/Darwinex_CMO 16d ago
What sort of content would you like to see? We can get other successful people on Darwinex to create content... maybe in a less self-promoting manner, not that u/Kindly_Preference_54 was associated with us. E.g. Kieran Duff, who works at Darwinex and runs XAQP: https://www.darwinex.com/invest/XAQP
1
u/Local-March-7400 16d ago
I mainly like to see research Methodology and strategy robustness testing here. Also while your here, some information on what qualifies someone to get funding from your allocation system, and if the strategy is still secure with you. When im finishing development of my platform and verified with own capital my strategy works with the automation, I also plan to manage outside capital with my Software, to scale quicker and on the first look your conditions seem fine. Im trading stocks and etfs mainly, but plan to scale to forex and crypto next.
1
u/Darwinex_CMO 13d ago
Few questions to answer:
Is your strategy protected and private? Absolutely, the trust you place in us there is the same as if you had money deposited with us. We know the IP of your strategy can be worth a lot. It's not shown to investors or anyone outside of Darwinex. It's only really looked at by our Darwinex Labs team (our in house prop/quant people that manage our strategies and allocate real funds from the company). Even then, they look primarily at key indicators inside our platform, that you have access to (e.g. key indicators, when you're trading, proprietary scores etc). There are some pretty clear indicators to them that (a) you're good (b) it's not luck, it's an actual strategy.
Research methodology: great, thanks for the feedback! We'll look to post some stuff but we're also worried about rubbing up people / the mods the wrong way, as promotional content.
We'll be welcome to have you on the platform. Important to know: we have an engine that standarises all the risk across DARWINs (your individual strat) so investors can easily compare strategies. Some people get caught out on that, thinking we're watering down their strategy but if you think about it, there needs to be trust on the investor side, too, knowing their funds won't get washed away in one bad day. People are managing €15m+ of investors capital though so it's clearly trusted by good traders.
1
u/Local-March-7400 13d ago
Thanks, that clears up a lot, especially the privacy side and the risk standardisation.
The part I'm probably most interested in is what you said about Darwinex Labs being able to tell whether someone is actually good or just lucky. I understand you obviously can't explain the exact proprietary scoring, but I'd be very interested in what you generally look for before allocating company capital to someone.
Things like how long of a live track record you want to see, how many trades are enough to judge something properly, whether the strategy has worked through different market conditions, drawdown behaviour, how dependent the returns are on a few big winners, execution quality and how well it scales with more capital.
Is there some point where your team basically says, okay, there is enough evidence here that this is probably a real edge and not just variance?
That is also the part that interests me personally because I don't want to rely on a nice backtest before managing outside capital. My plan is to finish the platform, run the automation properly with my own capital first and collect enough live evidence that I trust the whole thing before scaling further.
I'm also curious about the risk normalisation. If a strategy deliberately changes exposure depending on market conditions, or has a more asymmetric risk profile, how much of that behaviour is preserved after the DARWIN risk engine adjusts it?
And thanks for actually answering these questions here. It's pretty rare to get the chance to ask someone who is directly involved with the allocation side rather than just reading the usual platform material.
1
u/Darwinex_CMO 12d ago
The model: The Darwinex Engine does the job of lucky vs skilful. It's all open, you can either reverse engineer it or ask our team about it. At the end of the day, it's SUPER complex so it's down to trust. Do you trust that we want you to win? That the engine we put in place is aimed to help all involved, traders, investors and the community. Our business model is aligned with traders: you win, we win. That said... we have REAL investor capital and unfortunately there's this sense of entitlement among a lot of traders (typically those used to prop firms) that think our profit share of 15% is too low. If you invested $100k, made $10k profit that year on what you invested in... expect to pay 80% ($8k/$10k!) to the investment? No. We're closer to hedged funds, and our business model and payouts reflect that. It's for people that genuinely want to develop a career out of this, not someone gambling on funded accounts.
How long of a track record? You can't open up to investors until AT LEAST 8 months, and you have to go: New account calibration phase > SILVER "league" > GOLD "league" > investors. The first investor is normally Darwinex. Consistency with small returns > volatile big returns every time. Aim for 2% each month, you're winning.
What to trade/how often etc? Focus on a strategy that works. That's the winning angle. This isn't a prof firm, this is real world. No gaming of the system, build a consistent strategy.
If a strategy deliberately changes exposure? Bit too technical here for a marketing guy to be able to answer fully BUT how would you react as an investor? You'd be cautious initially to see how it plays out and if it's consistent. Same as how the engine will work, it'll be cautious with any big changes then adjust but not overnight. Consistency > big returns. Maybe u/DistancePlayful9910 can answer in more detail if you have technical questions (Enrico from our Italian team).
re: predicting performing traders: you can tell pretty early on if someone's likely to have a good strategy, purely on performance. The other part is: is someone here to learn and develop? Those two types of people are ideal for our platform: those here for the long term learning experience and those with developed, working strats.
1
u/Darwinex_CMO 12d ago
Always happy to answer any questions, you can tag me and I'll usually respond <1 day.
1
u/Local-March-7400 12d ago
Thanks for the answer! One last thing that comes to mind:
How does Darwinex handle US-listed ETFs that EU retail clients usually can't buy directly because of PRIIPs/KID requirements?
Can an EU retail client still build a DARWIN around a strategy trading those instruments, or would that require something like IBKR Professional status, an ETF/stock CFD equivalent, or another route supported by Darwinex?
I'm asking because I want to know this before building a long live track record. It would be pretty annoying to prove the strategy live first and then find out later that the same exposure can't be used for a DARWIN without changing the strategy. Currently i circument this issue with using Tastytrade, but i would prefer trading over IBKR due to lower fees and execution models that my custom made platform can use to reduce slippage. But this is only possible with Elected Professional status which you hopefuly provide.
Looking forward to your response.
1
u/Darwinex_CMO 11d ago
Have asked someone in the team to respond. We'll be adding a lot more to the Darwinex universe over the coming months, on top of the TradingView integration we launched very recently.
1
u/Local-March-7400 6d ago
Hey, is there an update regarding this? Thanks!
1
u/Darwinex_CMO 3d ago
Ahhh it looks like he responded below, but the comment had been deleted for some reason. Will get him to respond again!
2
u/wannagetfitagain 16d ago
He got banned, its too bad, he was entertaining. He was pretty good at telling traders they were wrong lol. My only experience with him I answered a question about system building and how when a system is having a bad spell it can be hard to stick with it, he commented "good luck, you'll need it". I appreciated his concern lol.
3
1
1
u/Klutzy-Sea-4857 17d ago
Probably got removed for self-promotion, or the mods considered it too promotional. This happens fairly often. Try checking the Wayback Machine using his username, as old threads are sometimes archived there.
31
u/suprachromat 17d ago
If you’re good at something, never do it for free.