Sources of inspiration?
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Any books, blogs, websites etc. that anyone can recommend as sources for ideas and inspiration?If you haven’t come across the ‘Chat with Traders’ website (also on YouTube) it is worth listening to any of the interviews. Those below I rate as the best of the interviews related directly to automated trading:
Your daily dose of inspirations: http://quantocracy.com/
(Aggregation from many quantitative finance blogs).
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Chat with Traders is good, but one podcast that is completely focused on systematic and automated trading is ‘Better System Trader’. I’ve listened to it a lot.
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These interviews (3 in total) with systems trader Viet Dang are worth a watch:
https://www.youtube.com/watch?v=66shZam5bJU
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To name but a few, I’d recommend the work and analysis of:
Jack Schwager – Getting Started in Technical Analysis – This book more than any other turned me into a profitable discretionary currency day trader.
Kevin Davey – As note above, the most comprehensive guide to build algo systems.
Earik Beann – Created Wave 59 platform – unique approaches in the way to think about markets.
Joe Krutsinger – Interviews with successful mechanical traders.
Joe Ross – Options expert.
Linda Bradford Raschke – Swing Break Out Trader.
Cynthia Kase – Oil trader with an oscillator that produces 78% successful entry prediction. (W/out a good exit strategy any system will fail, Kase created the Dev Stop.
John Ehler – Applying Rocket Science to Trading, eliminating linear relationships for logarithmic ones, cycle theory expert.
Curtis Faith – Former Turtle and S/ware developer of Trading Blox.
Van K. Tharp – Thorough examination of psychology and technical aspects of trading.4 users thanked author for this post.
Used to dig a lot in the past in this website (recurring patterns and their gain ratio for stocks/ETF/index..)
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Big fan of Kevin Davey here as well, but i have not signed up for the strategy factory, its way way too expensive for me. Also from reading his book, watching some courses and listening to him on some podcasts, i dont think he can really offer me alot more than simply giving me strategies for free if i make good strategies for him. I sometimes dont even trust my own systems, im not gonna be running a bunch of other peoples systems that might look bad on PRT data anyways. He has a couple of good books and smaller pdf like books where he gives away a bunch of entries and exits as well, its good to get inspired but i havnt really found anything really usefull from him except his methods for creating and testing systems.
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Hi @Kris and @Jebus89, I got into his work from reading his “Building Winning Algorithmic Trading Systems” book. I like his thorough approach to building and testing systems, in fact he just recently released an article/videos (via email) about this: https://kjtradingsystems.com/walkforward-testing-for-algorithmic-trading.html
and after he does that he puts the results into his free Monte Carlo simulator Excel sheet (whether you believe this is accurate is up to you), which at least gives some idea of how things might turn out: https://towardsdatascience.com/improving-your-algo-trading-by-using-monte-carlo-simulation-and-probability-cones-abacde033adf
and after he’s done all that, he doesn’t trade it until he’s put the systems on demo! Like I said he’s thorough… 🙂
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Yup his process on “how to build…” is very good. I was very glad to find that most of his process, was already parts of my process. So when i read that book (about 1 year after i got into algotrading) i realized that i was pretty much “On the correct path” according to him, and i used his books for some good tips and tricks you can apply to your own process. This gave me alot of confidence in myself and my systems..
What i would very much like to see (but probably will never see) is the following:
How many systems is he running, and what % part of that portfolio is his own systems vs his “students” systems?
A track record of his whole portfolio with exact trade numbers etc..
Some of his systems just look… so god damn good on the backtests, and if he has 100 of those + 100 of his students similar looking systems going, this man should be very very very rich, no?
Dont get me wrong, i got a portfolio of systems myself and real life = some systems are bleeding money, some are flat and some are winning. Unless they all end up profitable your not gonna be super rich in 1 year, but he has done this for so long.. I would imagine if he runs all those insane systems that he should be super-rich?
Found this, dont know how credible it is but looks legit?
https://www.tradingschools.org/reviews/kevin-davey-kj-trading-systems/
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Yeah, can you trust those lind of sites, Ive got an author friend and one of those sites said he was worth £5m. It was total nonsense.
I always felt a human could outperform an algorithm but that’s trading one or two instruments. With diversification an algo can easily trade 15 instruments, as long as they’re daily systems and not all 3 minute scalpers. Davey’s smart to be that well diversified. Look what happened to Long Term Capital Management Hedge Fund though when they thought they were diversified and yet all their diversified assets got hit with liquidity issues during the late 90’s Asian currency crisis….
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