1. An interesting idea. What's the purpose for assembling a few traders who trade their strategies (across different time frames) on a currency pair? As it's on a public forum I can only think that it's an educational journey.
2. What would be demonstrated by this journey?
3. (i) The weekly trader will do very little work. The daily trader will do more, while the 4hr trader works the hardest. The profits from each time frame will be determined by the system edges during the period traded. I won't assume which one makes the most as the position size and amounts risked by each system will influence this.
(ii) The reward/max DD of the portfolio will be better than one or more of the individual systems.
(iii) A trading group can do better than an individual? [ Maybe, maybe not. ]
4. I've always declined invitations to trade with others as what I do suits me and my lifestyle. If I was working with others and missed a huge move in a market because it happened on one of my tennis evenings. How can I explain to others in the group that my tennis evenings are more important to me than a trade for the group?
5. IMO trading groups break down quickly as they're not fully supportive. Group leaders rarely accept members with differing opinions.
1. Yes the primary purpose would be educational, both for the participants and any that followed the thread.
2. That a variety of strategies/tactics re. entries/exits/hedges/risk management can exist within a single overarching trade. Currencies lend themselves particularly well to the multi-time frame type of trade (that is my opinion more than proven fact).
3(i). Time frames can be anything that suits the participants. Someone may want to scalp 1 day a week, while generally considering a weekly position. No person is locked into any particular time frame. What we couldn't have however is trader A placing a short term trade and trader B taking it off to do something else. But we are all adults and have respect for other's opinions.
3(ii). Possibly. That is something that will either be demonstrated or not as the case maybe.
3(iii). Again, proof or not, will be in the pudding. I have a number of thoughts on this. In theory, yes. In practice, it might prove not to be the case.
4. That is part and parcel of the contract. The group cannot be reliant on a single party to make trades etc. One trader cannot be expected to monitor the market 27/6. This, I would expect to be a strength rather than a liability. For example: I am NZ based, which is a slightly different time zone to you. If we are talking a short term trade, say a 4 hr trade: it could be a tactic that I open it, you close it. The time zone, aiding efficiency. There are multiple ways (many currently unthought of) in which this could work. All that would really be expected is that each trader provide, say once a week/day (frequency to be agreed), some input in the form of their own analysis, which could form the basis of a trade, taking profit, hedging, etc.
5. Which is entirely possible. Equally possible is that it works better than expected. In this case, there is no 'leader', this is a group of experienced traders with disparate styles who are participating through choice. By choosing to participate, it would be inferred that egos be checked at the door. To be honest, I don't think it would be an issue. Successful trading is about an open mind with strong convictions lightly held.
The number would have to be relatively small to facilitate coherence, but large enough to generate differing viewpoints and approaches. I'm thinking a minimum of 4 and a maximum of 6 might be the number. Any approach is fine, mechanical, discretionary, macro/micro all could be valid.
jog on
duc