BO06: Identifying the best trading rules

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 24 October 2018

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

In any systematic trading strategy choosing the right combination of parameters for your model or approach is critical. So today, I wanted to share a valuable takeaway from a conversation with Bill Dreiss, where we discuss his thoughts, experience and approach to identifying parameter sets which I think you will find to be rather different to most managers. Bill and I discussed this as well as many other super interesting aspects of trading from his 40+ year career and I think these lessons will benefit you immensely.

Listen to the full episode here.

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Transcript

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0:00.0	Hello everyone and welcome back to another edition of our best off top traders series,
0:06.0	where we share segments that we love and that we think you will enjoy and find valuable.
0:12.0	My name is Niels Kastroblaston and today I want to touch on a really important topic.
0:17.0	You see in any systematic trading strategy, choosing the right combination of parameters
0:22.6	for your model or approach is critical. So today I wanted to share a valuable takeaway from a conversation
0:29.5	will Bill Dreis, a true wave-riding legend where we discuss his thoughts, experience, and
0:36.0	approach to identifying parameter sets,
0:39.0	which I think you'll find to be rather different to most managers.
0:43.6	Bill and I discuss this as well as other super interesting aspects of trading from his
0:49.1	more than 40 year career, and I think these lessons will benefit you immensely. If you want to listen to the
0:56.4	full episode, just go to top traders on pluck.com forward slash 93. So without further ado,
1:04.1	here is Bill.
1:09.0	Pretty much universal and timeless.
1:11.6	I think that go back in history.
1:15.6	Yeah.
1:16.6	Yeah, they go back in history as far as you want to go and then we'll go into the future as far.
1:21.6	You know, I agree with all of that, Bill.
1:23.6	And it's interesting because there is obviously still so much resistance. I think it's fair
1:28.4	to say by a lot of people, certainly on the investor side, to embrace this and you always have
1:35.0	to justify, you know, why trend following works. And, you know, even if it has a year or two of
1:42.3	under average performance, then it's like it's, it's,
1:46.2	it's their case for why it has stopped working and it's never going to work again.
	...

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