Quant trader Ernie Chan from PredictNow.ai joins us to discuss how to predict the profitability of trades using machine learning, including:

• Unconditional probability and the problem with win% in backtest reports,
• Why “conditional probability” is much more useful for a trader and how to apply conditional probabilities to capital allocation,
• Why you should use Machine Learning for risk management and capital allocation only (and not for building trading strategies),
• Why feature selection and feature importance ranking are so valuable,
• Plus, the best ML techniques for prediction, how simple should trading strategies be, insights from cluster-based feature selection, do these techniques really work, ML as a crystal ball 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.

Richard Metzger from Quantsys.net joins us to discuss how to combine algos using state-based market design techniques for more consistent trading performance, including:

• Why it's important to be sceptical of your algos,
• The main causes of poor algo performance and how state-based market design can address these issues,
• How to define market states into "buckets" and why you should keep them simple,
• Combining state-based algos to create a system, plus
• Adjusting inputs for market states, combining strategies in Tradestation, market states vs regime filters, 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.

Mandi Pour Rafsendjani from High Performance Trading joins us to discuss tips and techniques to perform like a world champion, even under times of stress and uncertainty, including:

• The 2 types of fears that lead to stress in trading,
• Self-image and accelerating trading performance,
• The 3 different areas to look at when dealing with stress,
• "Protective Pessimism" and positive vs negative thinking,
• The "3M's" to check when a strategy stops working,
• The "Queens Gambit" strategy to performance improvement, plus
• How to recover from larger drawdowns, overtrading, Wim Hof and yoga, self-talk, mindset and why the market is like an “all you can eat” buffet you can keep going back to – yum!

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.