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Better System Trader

If you’re looking for inspiration, motivation and practical advice on improving your trading results, Better System Trader delivers every week. Each episode brings you an expert trader who shares their own story, along with the steps, both good and bad, that they’ve taken on their path to success. With a focus on actionable insights, the tips and tricks used by the experts contain loads of value, providing you with insanely practical tips and tools you can start using TODAY. Improve your trading with Better System Trader.
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Now displaying: April, 2021
Apr 28, 2021

World Cup Trading Championship runner-up Scott Welsh joins us to discuss how "breaking the rules" and doing the opposite of "traditional" trading approaches can lead to higher returns, including:

  • "Burning the ships" and how limiting beliefs are hurting traders,
  • Why traders should "start from the end" and work backwards,
  • Why it's good to see losing in your trading,
  • The 80/20 rule and why "getting the star" beats diversification,
  • How to achieve real-life trading that’s better than the backtest,
  • Selection bias - is it really so bad?
  • Why you should say “screw you” to people who tell you that you can’t do it,
  • Plus, doing the opposite to conventional trading wisdom, breaking the rules with indicators, strategies that never break, trading platforms, beating buy and hold, small profit targets, and much more.
Apr 12, 2021

Numerical Computing specialist and author Timothy Masters joins us (in his only ever interview) to discuss trading strategy development and validation techniques, including:

  • Why trading strategies fall apart in live trading,
  • How luck impacts trading strategy results and the impact of selecting the 'best' trading system,
  • Why trades in an out of sample dataset are NOT representative of future trades,
  • 3 ways to use Monte Carlo Permutation tests in trading strategy development to avoid overfitting, evaluate strategy robustness and assess the quality of your strategy development process,
  • The danger of using out of sample trades to compute the probability of drawdowns,
  • Entropy and information of indicators and why it's important to strategy development,
  • How stationarity really impacts trading strategies and what strategy developers can do about it,
  • Using Walk Forward to determine how robust a strategy is in the market,
  • Incomplete Beta Distribution to track strategy deterioration,
  • Bootstrapping, granular Profit Factor, the predictive ability of technical indicators, counter-trend trading and much more.
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