10:50 what factors you consider to develop the system, 19:00 what metrics you use to charge the perfomence results , 21:38 monkey test , simple system work better,
notes:- 1. Establish some goals and objectives 2. Choose a market 3. get some trading ideas validate them - monkey test , randomness to validate the idea is worthit or not 4. keep it simple [ Find the simplest solution possible] 5. set a schedule for reoptimizing 6. Monte carlo simulation 7. don't get emotionally attached to the system 8. Develop trading system that support the end goal 9. Keep going until you develop something Trading is the hardest way to make easy money - Kevin Davey
10:50 what factors you consider to develop the system, 19:00 what metrics you use to charge the perfomence results , 21:38 monkey test , simple system work better,
He make it sound so symple to back testing and I am having such a hard time building my strategy
notes:-
1. Establish some goals and objectives
2. Choose a market
3. get some trading ideas
validate them - monkey test , randomness to validate the idea is worthit or not
4. keep it simple [ Find the simplest solution possible]
5. set a schedule for reoptimizing
6. Monte carlo simulation
7. don't get emotionally attached to the system
8. Develop trading system that support the end goal
9. Keep going until you develop something
Trading is the hardest way to make easy money - Kevin Davey
good notes, thanks jack
So his system consists out of an algorithm with indicators?
Hey T- yup, it's algo trading.
Thanks!