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KJ Trading Systems Kevin Davey - Ask Me Anything (AMA)
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KJ Trading Systems Kevin Davey - Ask Me Anything (AMA)

  #91 (permalink)
Elite Member
Dallas,TX
 
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kevinkdog View Post
I mix it up. Different instruments, different timeframes, different strategy types, etc. To keep it simple, I have a handful of ES strategies - I trade each in its own account. That keeps things simple (for me). There are other ways to do this - trading multiple strategies in the same account for the same instrument.

Hope this helps!

Kevin

Kevin - out of diff strategies, do you do day trade and swing trade?

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  #92 (permalink)
Market Wizard
Cleveland Ohio/United States
 
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emini_Holy_Grail View Post
Kevin - out of diff strategies, do you do day trade and swing trade?

Thanks for the question. Most of my strategies are swing trade, lasting days to weeks (one even last months). I have a few day trading strategies, but many more swing.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #93 (permalink)
Trading Apprentice
NGP MS India
 
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kevinkdog View Post
If you have no parameters, and did no optimization, then you'd just evaluate the strategy performance on unseen data. Technically it is walkforward / out of sample, although there is nothing to do, other than evaluate the single strategy performance during the time in question.

What are your goals for annual return, and for maximum drawdown? Do either of these strategies meet your goals? I use my goals to determine if a strategy is acceptable. It either is, or it is not. Maybe both are acceptable to you, maybe neither. If both are, then you have to decide which one best meets your goals, or trade both if possible (I don;t understand why you can;t trade both together if they are different indexes)...

Thanks kevin!

my goal is more than 200% for competion for less dd, ok with different position size if needed.

Cant trade them as all of them are successful only with one index ,with other index DD is huge cant cover up in longer version and on top of it all the strategies give trades opposite of each other. working on pair trade or option trade on them.

working for competition...confused to trade only one index or trade basket of stocks (for competition only)...


In long term view what u find more stable/successful with risk reward( option day trading/ option swing trading/ futures index day trading/ futures index swing trading/ basket of stock options or futures /day/swing)


thanks
happy trading

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  #94 (permalink)
Market Wizard
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haraj View Post
In long term view what u find more stable/successful with risk reward( option day trading/ option swing trading/ futures index day trading/ futures index swing trading/ basket of stock options or futures /day/swing)

I'm not sure any one of those is more "stable" than any other. It all depends on your strategies.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #95 (permalink)
Elite Member
Como, Italy
 
Futures Experience: Advanced
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Hi Kevin, I have one doubt I'm asking myself. I have some automated systems and all passed walk forward and have good montecarlo results and backtested over 15 years. I'm trading them live since two years and I'm profitable. They are all intraday.
When I launch walk forward, usually one time every 6 months it suggests me some inputs to use for the next 6/12 month. I never moved my inputs, my theory is that something should not work at the best of the optmization otherwise is fitting so better to stick to some input and keep adding strategies to diversify, but now I'm also asking myself that market changes and maybe I should change my inputs as walk forward suggest me, maybe once a year or so...
I add that inputs suggested by walk forward would not substancially move strategy results, but still are an improvement and maybe a way to keep a strategy in tune with the market.
what do you think? Thank you in advance

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  #96 (permalink)
Market Wizard
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montanajtt View Post
Hi Kevin, I have one doubt I'm asking myself. I have some automated systems and all passed walk forward and have good montecarlo results and backtested over 15 years. I'm trading them live since two years and I'm profitable. They are all intraday.
When I launch walk forward, usually one time every 6 months it suggests me some inputs to use for the next 6/12 month. I never moved my inputs, my theory is that something should not work at the best of the optmization otherwise is fitting so better to stick to some input and keep adding strategies to diversify, but now I'm also asking myself that market changes and maybe I should change my inputs as walk forward suggest me, maybe once a year or so...
I add that inputs suggested by walk forward would not substancially move strategy results, but still are an improvement and maybe a way to keep a strategy in tune with the market.
what do you think? Thank you in advance

If I ran my initial walkforward optimization and I re-optimized (and possibly changed parameters) every 6 months, if I went live with the strategy, I would still do the same thing (that is, re-optimize and adjust parameters every 6 months if needed).

I don't see the logic in doing an initial re-optimization every 6 months, going live, and then deciding to re-optimize at some different frequency than 6 months. But if you see benefit in doing it this way, then you should do what feels right to you. After all, at the end of day, you (and not I nor anyone else) have to live with the results.

I hope this helps!

Kevin

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #97 (permalink)
Elite Member
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Thank you, I have never changed my parameters in two years. My doubt came from a reading I made…I think it was Robert Pardo and he was saying that the more your strategies have a short time frame the more you need to re optimize frequently.
But I guess there isn't a general rule.

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  #98 (permalink)
Every Day I'm a n00b
San Tan Valley, AZ/USA
 
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Hi Kevin, big fan, xoxo and whatever :P

Anyways, I like the concept of your SF webinar, but I'm too novice to step that far forward. Would you say that I can learn the same/similar concepts in just your book?

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  #99 (permalink)
Market Wizard
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FABRICATORX View Post
Hi Kevin, big fan, xoxo and whatever :P

Anyways, I like the concept of your SF webinar, but I'm too novice to step that far forward. Would you say that I can learn the same/similar concepts in just your book?

Thanks!

The book and the Strategy Factory workshop I run are 2 different things - you do not need to do one to do the other.

The book teaches all the basic things you need to know to create mechanical trading strategies.

The workshop teaches all the basic things you need to know, plus it walks you through a few example strategies, plus I spend a lot more time talking about diversification, and creating multiple strategies to work together. It is more for intermediate level traders. It is ideal for people who have tried to create strategies, but had no success. I follow up with support, and my goal is to get you developing your own strategies.


How much of a novice are you? My book assumes you know about trading and futures markets a bit. It doesn't teach you trading basics - I suggest books by @decarleytrading (Carley Garner) or Brent Penfold for that.

By the way, if you order my book, shoot me an e-mail with the order confirmation. I'll give you 5 bonus reports free, as part of the 1st anniversary of the book release.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #100 (permalink)
Every Day I'm a n00b
San Tan Valley, AZ/USA
 
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Thank you Kevin @kevinkdog for your time.

I am very novice. I have a managed acct with an algo trader (5 years now), and have been interested for some time. Now I have the career that gives me the time to make this a hobby. The owner of the algo shop has been a mentor for me, so while my learning has been very succinct (cutting out BS) I am still in the early stages.

I have a background in cognitive psychology (hobby, not professionally) and know that we can't be trusted to be consistent, so algo has been my focus.

I'm in the reading phase, and have been devouring your blog and others. I have most of the books you mentioned on your site on my list, but haven't pulled the trigger on yours yet. Those 1 star reviews have quite the effect, being that we're innately risk averse lol. After speaking with you, however, I will download soon.

I will look at the SF program in the next year.

Thanks for being awesome. You're a family man and I'm proud of you for keeping your family in focus. Good work

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