Algo trader using automation to bypass human flaws · Bert Mouler
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- เผยแพร่เมื่อ 22 พ.ค. 2024
- EP 142: Using creative thought and automation to bypass human flaws w/ Bert Mouler
It was exactly 100-episodes ago when I first had Bert Mouler on the podcast. This week, I’m joined by him again for a second interview…
Bert is an algorithmic trader with a serious focus on machine learning. His trading decisions are driven purely by data, and he goes to great lengths to remove human bias and flaws through the use of automation.
While listening, I encourage you to keep an open mind and mull over Bert’s creative thoughts. Then if you have any questions afterwards, you’re welcome to post in the comments area at chatwithtraders.com/142.
Full show notes for this episode, available here: chatwithtraders.com/ep-142-bert-mouler/
Rewatching this for the 10th time probably, very impressed with how Aaron is able to come up with the right followup questions and steer the conversation.
Bert literally just explained 5+ algorithms that I've been working on. Insane.
Juan Soto he's brilliant right? To those who know what he's taking about, he's really sharing some key info here yet most don't get it.
how do i start algo trading, not sure were to start
@@FUGENTVJDM Learn python, then pandas then zipline.
@@FUGENTVJDM just use tradingviews pinescript for a head-start
Pine script sucks ass for ML homie
Great interview. I'm still stumped as to why a good majority of the commenters didn't get any points from this.there are tons
1) Look for newer markets with "not so smart " people on the other side
2) systematize yourself to get rid of bias
3) trading systems that are actually profitable can in fact be super simple. There are people out there with a shit ton of money and thousands lines of codes getting NOWHERE.
4) see what tasks you are currently doing which you can automate
5)create additional edge by negotiating commission terms with your broker
The list goes on. Listen again if it sounds a bit abstract or google if there is vocabulary you don't understand. Stop fucking whining
I'm new to trading, but am a software developer by profession and am interested in automating aspects of technical analysis
Some things i picked up were the pros and cons of machine learning in this context. Things i noticed:
Pros:
-Remove trader bias through automation
-compete easier in markets where people dont automate vs much. Dont have to beat everyone, just a few
-Find correlations with results that would otherwise take years to understand or might never be seen
Cons:
-algorihms cant take into consideration external factors like rumors, effect of regulations etc. It only works with data
-seems that you should still monitor what the algorithms are suggesting and dont go completly on autopilot. Eg one should understand the market and the sample that one is targeting instead of a blind, shotgun spray approach.
Anyway i'm sure i've missed more, but these are just some things i noticed.
I think i missed, many nuances due to limited understanding of markets and complex machine learninf principles
Thank you for bringing him back for another interview, I found a lot of value in the way he talks about trading opportunities and arbitrages. Especilly the relationships between different things he talks about is of interest and will definitely come in my summary of this episode, thank you so much, Aaron!
One of the most informative podcast.
Aaron is deserving of high praise for being able to extract some golden nuggets on a sophisticated subject matter from someone who is clearly highly specialized.
It would be great to have some introductory, actionable, step by step process on how to begin to attack this as a retail trader.
Good
Technical
1. Heuristics / Cognitive Biases / Logical Fallacies
2. Systems Thinking / Rule Based
3. Scientific Method
4. Learning Process: Book
Thanks for the info you bring big dawg! life changing info and your method is exclusive. Leaving from the pros is the best way to become one. Also that intro music is lit my boy ! lol Im staying tuned !
You should have him on once a month! His ideas about genetic algos for trading have made me bank!!! He should do a regular show about generalization and finding tricks to find algos that continue to work well on unseen data!!!!!!!!!!
Nice video with great comment...
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This guy is very very wise.
I LOVE this dude. He's a truth seeker.
wow that was actually really helpful.
Just because he's "all over the place" doesn't meant what he's saying doesn't hold valuable information. The man clearly does high frequency arbitrage trading, to exploit inefficiencies in market pricing and other attributes. He's really specialized so a lot of it may sound like jargon but try to grasp the overall idea. There are inefficiencies in many forms and he's challenging us to find them and make money off of it.
Thanks for another amazing episode Aaron and Bert!
Bert Mouler, I really like the way you think! I'm currently developing (.net) kind of genetic optimization engine, based on some of your ideas that I listen on your first episode. Would be great to talk to you someday.
If you have no idea what his saying...I know 100% what he is explaining. It's so clear
The moment he mentioned INDIA it got more exciting for me. P.s I am Indian 😊
Another fantastic interview with Bert, Aaron! Gleaned lots of nuggets again out of this interview. By the way, I did not see his company website listed, so here it is: www.profluentcapital.com/
Is it possible to transfer this knowledge to cryptocurrency trading? And How? Thanks.
I get that some people here are turned off by his over use of "you know" "i dont know" etc, however there is a tonne of useful information in this interview that you are all forfeiting.
your loss, fellas.
"I don't know"
Note future arbitrage is not easy
"You have to take money from somebody"... I disagree : if I open a buy someone who sells benefit from my buy, we can both make money if price goes up, then down .... as it always does. Price don't move from one point in a straight line...
are you stupid? do you not know how the market works?
money isn't made out of thin air, if you profit someone has to give that money to you.
this isn't some game where if you are correct you are rewarded with money, this is a game where if you are correct you TAKE money from someone who is incorrect.
I always pick up some great points form chat with traders most of the time, but I couldn't actually pick a single point of interest from what this guy was talking about. As another has commented, he's all over the place. After listening, I still don't know what he does.
CyberWookiee the fault lies with you, not Bert nor Aaron. He's doing high frequency tradimg, exploiting inefficiencies.
He's all over the place
@@grimskull416 he's all over the place
I hate bashing on other traders. But hmmm yea, maybe another round of interview? More constructive perhaps?
Jesus Christ, give the guy a break. He isn't a professional communicator. He doesn't owe anyone a slick delivery. If you didn't hear anything useful then the problem might be with your focus or comprehension
everything is algo, if you know how to code you can loose all of your money or may be make lots of money, maybe, maybe!
This guy is all over the place. Struggles to make a coherent point.
Jesus this guy.... first talks so much abt how little you know yet so sure of himself. So much basic stuff presented as the greatest knowledge in the history of markets. Yeah the hfts with armies of phds are doing real simple things. Sure.
too complicated for me.
Is it just me or this guy seems incoherent or immaterial in his answers?
Rambling...
Meh
Disappointed in this interview.
I love trader automation and quant trading, but this did not add anything, a bit over the place and nothing concrete. This is definely not in my favorites interviews.
Dude sounds drunk