046: Perry Kaufman discusses strategy development and the issues and mistakes traders make when creating robust trading strategies.
Better System Trader3 Apr 2016

046: Perry Kaufman discusses strategy development and the issues and mistakes traders make when creating robust trading strategies.

I’m sure we all want to create trading strategies that perform better and last for longer but there are a number of issues we need to look out for when developing robust trading strategies, some are well-known and some perhaps aren't.

In this episode we’ll be talking with Perry Kaufman about strategy development and more specifically some of the issues that can catch us out when creating trading strategies. Perry raises some interesting points about optimization that may not be well known plus he shares loads of tips to creating more robust strategies.

Perry writes extensively on markets and strategies, having published fourteen books and has just released a new book on building algorithmic trading strategies, which we'll be discussing in this episode.

He has worked and consulted to a number of successful CTA, investment and prop trading groups, creating systematic trading and hedging programs.

This is also his 2nd appearance on the podcast, appearing as a guest way back in Episode 10.

Topics discussed
  • The most robust type of systems
  • How your choice of optimization values could be misrepresenting your results and how to choose parameters that give a more accurate picture
  • The mistakes traders make when analyzing optimization runs and tips to doing it properly
  • How to really determine if a new trading rule is robust
  • Reducing risk by using multiple parameters
  • What the number of profitable runs in an optimization can tell you about the robustness of a strategy
  • Why diversifying across strategies instead of across markets could be a better approach
  • The challenges of building robust strategies using Genetic Algorithms and Neural Networks

Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

Avsnitt(242)

002: Brent Penfold discusses trading principles, money management, risk of ruin and how to overcome greed, hope and fear in trading

002: Brent Penfold discusses trading principles, money management, risk of ruin and how to overcome greed, hope and fear in trading

In this episode with Brent Penfold we cover fundamental topics that impacts traders of all levels, from beginner to advanced. We talk about some of the psychological issues traders face, the principles all traders need to accept to be successful, that elusive Holy Grail of trading and an extremely important mathematical concept that can identify if you’re going to blow up your account, so don’t miss that. The guest also provides actionable tips and tricks to overcome these issues along with a simple method to determine if a strategy is broken, which could save you lots of money and stress. Topics discussed: How to trades 24 markets actively and be finished by 9:30am The simple reason why most traders fail The principles all traders need to accept to be successful The one mathematical measure that can tell if you'll blow up your account - don't miss this! The Holy Grail The most important aspect of trading How to remove hope from your trading How to combat greed The impact fear can have on your trading and a hot tip to overcome it A simple method to determine if your strategy is broken, this tip could save you loads of money!   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

19 Apr 20151h 12min

000: Welcome to Better System Trader

000: Welcome to Better System Trader

Welcome to Better System Trader, the podcast where expert traders share tips, tricks and actionable insights to improve trading results. In this episode I introduce Better System Trader, what its all about, what to expect, and a little background on myself.   Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

11 Apr 20155min

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