You know the concept: you have some Cash saved up, you give it to one of the Trend Following Wizards, they give you a very decent return over the long run and take their share of the cake in return for it: EVERYBODY’s HAPPY! Or are they you?… Let’s explore the impact of fees charged [...]
Entries Tagged as 'Trend Following'
Are wizards really worth their fees?
October 27th, 2009 · 2 Comments · Strategies, Trend Following
Tags: fees·Trend Following
Why Trend Following works: look at the Distribution
October 21st, 2009 · 7 Comments · Strategies, Trend Following
One of the most important underlying concepts that contribute to the success of Trend Following is the fact that the strategy is based on the non-normality of market returns. Let me explain. Trend followers position themselves to profit from and capture the “fat tails” exhibited in market returns distribution. In a fat-tail distribution (Power law, [...]
Tags: dave harding·distribution·fat-tail·levy·mandelbrot·power law·Trend Following·winton capital
What can the Whipsaw Song by Ed Seykota teach you?
October 9th, 2009 · No Comments · Off-track, Trend Following
Ed Seykota is a hugely succesful trend follower. He also keeps a very low-profile. You will not see him on CNBC, so any sort of public appearance where he can distil some of his wisdom is a rare “gift”. The main message of the song is to “stick to the rules” – which is a [...]
Tags: Ed Seykota·Trend Following
Welcome to my online repository of research and insights on automated trading system development