Ever had a strategy that looked like it was broken and wondered if you should stop trading it or not?

Strategy failure (or periods of poor performance) are just a part of trading, but how you deal with it can have a HA-YUGE impact on your overall results… so how do you detect when a strategy is failing?

How do you work out if you should stop trading it or just give it some more time?

In this episode of BST Live, trading champion Kevin Davey joins us to discuss how to detect when a strategy is failing, including:

• Why looking at a single equity curve is not giving you the full picture,
• How to determine the potential ranges of future strategy performance,
• Using Statistical Process Control to monitor trading strategies and which metrics are best,
• How Probability Cones can give traders a more informed view of strategy performance (and when a strategy could be broken),
• What do to when a strategy over-performs (the answer may not be what you think!),
• Should you turn a strategy back on if it recovers after extremely poor performance,
• How a really good backtest can actually be a predictor of bad performance,
• Plus, much more!

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.

Are our roles as traders coming to an end soon?

Is AI and ML (that’s Machine Learning, not Money Laundering or Meat Loaf…) going to take over the trading world?

Trading veteran Bob Pardo from Pardo Capital joins us to discuss these topics plus much more, including:

• How AI is missing common inputs used by human traders,
• Modeling the expertise of human traders using Expert Systems,
• The dangers of using computers to blindly create strategies,
• Retail edges vs Institutional edges and how private traders can compete,
• The lifespans of edges (are they getting shorter?),
• The Dynamic Statistical Profile of strategies and taking strategies offline,
• Correlations (and how correlation can be a 2-edge sword),
• Objective functions and when it doesn't matter which one you choose,
• Using performance feedback and indicators on equity curves,
• Adaptive trading systems, fitting your process to your objective and much more!

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.

DSP and Cycles expert John Ehlers, joins us to discuss all things optimization, including:

• Why optimization is a statistical process and how to assess the results properly (including what to look for at “the 50% line”),
• How much data you should REALLY use for reoptimization and why many traders use way too much data (and the impact it has on trading strategies),
• The 3 best fitness functions to use in reoptimization and the dangers of a popular metric that can lead to over trading,
• What the speed of optimization results can potentially tell you about strategy robustness,
• The only 2 things that count when assessing a strategy (yup, just 2!),
• Plus, much more.

Also, if you want to discover more of John’s Cycles and DSP techniques, John is running his annual workshop for the very last time this year (he’s retiring to go fishing and build model aeroplanes). The workshop is run over 4 evenings (US time – Oct 19-23) and it’s 100% online so no travel or quarantine required. For more info, visit: http://bettersystemtrader.com/jeworkshop2020 

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.

High-performance trading coach Steve Ward from TradeAtYourBest.com discusses:

• How to find the best opportunities during challenging times,
• Why shifting perspective is such a critical skill for high-performance,
• How to overcome internal resistance to become more adaptable,
• “Learning vs Earning” and how to improve your chances of longevity in trading,
• How to integrate being flexible with the “follow the system” approach of algo/systematic trading to be better prepared for whatever the market may hold,
• Key actions traders should be doing right now to prepare for an unknown future in the markets,
• Plus, many more practical tips to improve trading performance.

And if you want even more practical tips on high-performance trading, you should check this one out:

For the first time ever, Steve is running the 6-week "Trade At Your Best Trading Psychology Course" to teach private traders (he usually only works with institutional clients) the mindset and mental skills required to succeed in the markets, and close the gap between potential and actual returns.

So, if you want to see what knowledge, insights, and techniques Steve reveals to his Insto clients behind closed doors, this could be your only chance. (Have to admit I’m intrigued too…)

The program starts next week, you can find more details about the program at http://bettersystemtrader.com/taybcourse

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.