Sorry getting this old thread alive, but there's something that's needs to be spoken out. About 1 year ago he updated his performance page, removed the actual performance numbers and instead it's only some nice looking charts.
E.g. The US momentum strategy chart, one barely sees SP500 down there, the momentum strategy looks awesome. However this year SP500 is at new highs wihle the momentum strategy it's not. The actual reality is not even close to what that chart is saying.
I queried Nick in the past about this unfortunate change, he said he changed it because the actual numbers were confusing. I fail to see how the actual numbers were confusing and this performance chart not...
Anyway in the past years seems that the chartist is investing a lot in marketing. Not that it's a bad thing, but sometimes makes one wonder.
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I tend to agree with you here. Charts and graphs are a good way to mask the unflattering truths that lurk behind many trading strategies. It would be nice to get a clearer picture of things by seeing actual figures like the Sharpe or Max DD.
That said I think if you asked Nick he would be happy to disclose any info as he does seem like a legit guy.
That said I think if you asked Nick he would be happy to disclose any info as he does seem like a legit guy.
Anyway, is anyone trading The WTT?
There are much bbetter traders out there. You must look for yourself. No one will talk about a service that makes money. All the talk is about losers using curvefitted systems.
I've been trading WTT for over two years now. Well, it's my code based on the ebook, with one intentional difference and a universe of ASX stocks I spent some time coming up with.
Performance since the start of the year (including brokerage but not including dividends):
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WTT is a weekly system, buying on open on the first trading day of the new week if a 20 week high is made on the previous week's close. Add an index filter which stops entries during downtrends. Stops are set to risk no more than 2% of total equity to start with and tightened if the index filter shows a downtrend. Enter twenty positions as they come up and hold them until they indicate a sell.
I've added some position scoring to the system to try to pick better candidates if the number of buy signals exceeds the amount of cash on hand. It probably doesn't make much difference overall.
Nick also posted (when his forums were public) stating that he avoids any stocks under takeover even if they trigger a buy signal, and to sell any held stocks two weeks after a takeover offer being made public. I've been doing this and it avoided a few stocks that just stagnated after a buy signal, so running a system backtest since I started trading gives worse results than I have received by trading the signals but ignoring those stocks under takeover. So it should mean that the historical backtests I ran were also a bit pessimistic.
I'm curious you managed to get the 20% flipper to work - I coded that one up too, and couldn't get decent results from the ASX no matter what I did with it. Well, the backtests were profitable, but not by enough to justify the time and effort and paperwork to actually trade it.
I'm planning on running it as a weekly and the MR system which is a daily.
Is the MR system the same as what is used for the US high frequency strategy? The US HFT strat potentially puts out a large number of orders. You need a way to manage how many trades actually get taken, ie. only fill the first x number of trades, kill the rest.
You will need a API to trade it as designed, which he has. It also allows bulk upload of trades into IB's TWS too. It would take <15mins a day to run the system
I've been trading WTT for over two years now. Well, it's my code based on the ebook, with one intentional difference and a universe of ASX stocks I spent some time coming up with.
Performance since the start of the year (including brokerage but not including dividends):
View attachment 67698
I've been trading WTT for over two years now. Well, it's my code based on the ebook, with one intentional difference and a universe of ASX stocks I spent some time coming up with.
Performance since the start of the year (including brokerage but not including dividends):
View attachment 67698
Here is an example of how running two portfolios can smooth out the returns. I only went back three years in this example. Its best to only ever test a minimum of 2 years as i believe EOD systems need two years of results to be fair to the systems capability.
The first one is the Flipper, followed by the combined results and the last one is the MR system on its own.
Here is an example of how running two portfolios can smooth out the returns. I only went back three years in this example. Its best to only ever test a minimum of 2 years as i believe EOD systems need two years of results to be fair to the systems capability.
The first one is the Flipper, followed by the combined results and the last one is the MR system on its own.
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