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That's great! Sci started a thread at XTO, easy to watch posts...

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Thanky

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14/01/19

17:02

Post #: 37110109
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Originally posted by wilfran1pm ↑

Originally posted by Thanky

Hey @wilfran1pm @sci9249 @radx @VVX565 +others

Excellent discussions last week!

I listened to a bunch of the podcasts Sci posted and did some other searching and reading about Amibroker and Bandy wilfran suggested. Really a shift in my mindset tbh.

Few take aways:

-basic models / approaches likely more suitable to avoid curve fit (finding huge returning backtests that are likely to fail going forward by something not foreseen or excluded by over optimising)
-back testing / testing basic ideas are a good way to find suitable trades / edges
-strategies that work across markets are likely more robust or will have more longevity
-difference between momentum and mean reversion strategies, markets favour either at different times
-strategies don't work forever, need to review, revisit, retest periodically
-its ok to deploy multiple strategies, don't need to find the one big system.
-a simple system that can minimise drawdowns during recessions / bear markets that invests in a ETF reinvesting dividends will outperform money managers.

I've had probably a couple dozen other realisations listening through but have been quite passive so far rather than noting everything down.

I'm quite motivated to keep listening, taking notes and ultimately choose a software or process to test or replicate basic systems to get into the mindset.

What is the best place for us to continue to chat? STT weekly threads are a great melting pot but its obviously quite fast paced and the changing threads mean its easy to miss posts etc. Should we create a thread in XAO or XJO with Algorithmic trading topic selected?
Hi Thanky - I'm more than happy to be involved in such a discussion. It looks like you are certainly on the right track. I'm convinced that the strategy of using a system or systems with a proven positive edge, rather than a strategy that merely looks for one or two highly speculative potential multi-bag returns, is the best and most professional approach to consistently making money in the markets. As I think you realise now there isn't a simple solution to achieving this. I was hoping that there would be a thread dedicated to systems and algorithmic trading when I joined HC but I couldn't find one, and now yes I think we should create one.
I'm happy to post my ideas and discoveries and any of the analysis work I do using Amibroker. I'll leave it to you to create the thread if that's OK. Tag me when you do and we can start the conversation.

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That's great! Sci started a thread at XTO, easy to watch posts there etc. I'll tag you there now. Appreciate your willingness to share some ideas and discussions, especially as you're ahead of most on here. Agree there's no simple answer to systematic trading, but its a process and way of thinking that may lead to some insights to begin with. I'm starting to narrow down to Amibroker as its mentioned frequently around the place by lots of different people, including in podcasts Sci shared. Seems to be the go, I'll make a decision shortly and likely start by simply copying some basic tests to see how it goes.

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