74 min listen
005: Kevin Davey discusses important aspects of system development, the best systems to use, the correct backtesting process and how to be a successfu…
005: Kevin Davey discusses important aspects of system development, the best systems to use, the correct backtesting process and how to be a successfu…
ratings:
Length:
64 minutes
Released:
May 3, 2015
Format:
Podcast episode
Description
Kevin Davey talks about how we went about winning the trading competition, the type of systems you want for the future, some very important aspects of system development that will cost you money if you ignore them, what you need to do before you start trading a strategy and what skills you need to be a good system developer. He offers some really valuable insights and provides an excellent process to system development so you do not want to miss it. Topics discussed: Why goals and objectives are so important in trading How to use "the monkey test" to validate entries and exits Which type of systems adapt better to future conditions Why walk forward testing is so important and when you shouldn't use it How often should you re-optimise your systems Why ignoring Monte Carlo testing can cost you money Why you shouldn't start trading a strategy immediately after you've finished testing it How to eliminate bad systems before risking your money on them Adding or removing systems from your portfolio Why you need to determine when you will stop trading a system BEFORE you start trading it What skills are required to be a good system developer 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.
Released:
May 3, 2015
Format:
Podcast episode
Titles in the series (100)
010: Perry Kaufman discusses applications of market noise, mitigating price shocks, volatility and using the Information Ratio to monitor strategy performance.: Perry Kaufman discusses market noise, the impact it has on trading styles and how it can be used to determine which strategies suit a particular market. We also talk about price shocks and how to mitigate their effects, how to use volatility in... by Better System Trader