by Adrian Reid | Stock Trading Systems
Search for “quantitative trading” and you get a very specific picture of who is allowed to do it. A maths or physics degree, probably a master’s. Fluent Python, ideally C++. Tick data, machine learning and a desk at a hedge fund or a bank. Page one...
by Adrian Reid | Trading Strategy
Six gold systems built on price alone failed my testing. So I stopped looking at gold and started watching the market that drives it – US interest rates. Here is what 22 years of data says about gold and interest rates, and how one market can tell you when to...
by Adrian Reid | Famous Traders
Richard Dennis is the Chicago commodities trader who settled an argument by proving that trading can be taught. In 1983 he recruited a group of novices, trained them for about two weeks in a mechanical trend-following system, funded them with his own money, and let...
by Adrian Reid | Famous Traders
Ed Seykota is the trader who put trend following on a computer. In 1970, working at a brokerage house, he began testing mechanical trading rules using punched-card computers, and in doing so helped create the discipline now called systematic trading. He is better...
by Adrian Reid | Trading Strategy
Mean reversion and trend following are opposite bets on what price does next. Mean reversion assumes that a sharp move away from a normal level tends to snap back, so it buys weakness. Trend following assumes that a move underway tends to continue, so it buys...
