Ivan Roloff & Terry Li - Google Meet
Source: Notion | Last edited: 2023-10-31 | ID: e57fd1a0-64e...
- Neural Shell Trader Download & Login Info
Action Items
Section titled “Action Items”- Terry to share the New Shell Trader program with Ivan
- Terry to share the login details for the New Shell Trader program with Ivan
- Ivan to look into the New Shell Trader program and see if it is valuable
- Terry to provide download link and license, login information for New Shell
Summary
Section titled “Summary”- Terry and Ivan discussed a Google spreadsheet outlining the terms of a potential partnership. This included a profit sharing agreement, a starting capital of $100, and a Safety Net Reserve Fund (SNRF) to mitigate potential losses.
- The SNRF would be distributed back to the partner on a period-by-period basis, with the delay determined by the agreed upon Trailing Maximum Accessible Drawdown (TMAT). The capital injection percentage would be based on the NAD after and settles ATS fee.
- The company has a set of criteria that must be met in order for a settlement to occur, including a minimum frequency of trades, a minimum number of trades, and a minimum acceptable return.
- The company is willing to negotiate base pay for high performance traders, but the maximum amount of capital they are willing to dedicate is five million dollars.
- Terry and Ivan discussed the differences between partnering with external investors and employing internal traders. They discussed the benefits of having employees who can share their know-how and accelerate the process faster.
- Terry and Ivan discussed the importance of having a mechanical system in order to backtest and determine if a strategy is worth pursuing further. They also discussed the importance of having a clear set of parameters and logical thinking when trading manually.
- Terry and Ivan discussed the possibility of automating Ivan’s trading system to increase trade frequency and profitability.
- Terry suggested that Ivan share his ideas for indicators so that Terry can build a system for him. They also discussed the need to do due diligence on the brokerage firm they will be working with and the importance of having a cost-effective broker with good execution and low commissions.
- Terry and Ivan discussed the importance of customer service when selecting a broker, as well as the trading toolbox available with MetaTrader
- Terry and Ivan discussed the need to compare brokers in terms of fees and services, and the possibility of sharing costs for additional tools. They also discussed the importance of setting predetermined levels for stop loss and profit target, and the need to consider the minimum account size for larger accounts.
- Terry will provide Ivan with a program called New Shell Trader, which can be used to configure and do basic back testing on the forex market.
- Terry suggested that Ivan use the NST system to identify profitable periods and drawdowns in order to program an automated trading system.