KJ Trading Systems Strategy Factory - futures io
futures io



KJ Trading Systems Strategy Factory


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one risingfire with 12 posts (76 thanks)
    2. looks_two kevinkdog with 8 posts (9 thanks)
    3. looks_3 SMCJB with 6 posts (15 thanks)
    4. looks_4 vmodus with 6 posts (11 thanks)
      Best Posters
    1. looks_one ilkan10 with 9 thanks per post
    2. looks_two DobermanTrading with 7.5 thanks per post
    3. looks_3 risingfire with 6.3 thanks per post
    4. looks_4 SMCJB with 2.5 thanks per post
    1. trending_up 20,962 views
    2. thumb_up 173 thanks given
    3. group 33 followers
    1. forum 55 posts
    2. attach_file 5 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

KJ Trading Systems Strategy Factory

(login for full post details)
  #1 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received

So, interestingly enough, this is my first post on BigMikeTrading and I never thought it would be in the form of a review. I joined the forum several months ago, did a lot of reading, did a lot of testing, and eventually came across Kevin Davey's posts. Up until that point I had been trying various automated strategy techniques using NinjaTrader, but was never happy with any of my results. It had never occurred to me that perhaps the answer to my dilemma was multiple "good enough" strategies rather than one whiz-bang strategy in one or two markets.

So in March I decided to take his workshop.

One week after the workshop I wrote him this review:

----------------------

It has been one week since I took Kevin Davey's Strategy Workshop. The workshop itself was well structured and packed with real trading methodologies born from Kevin's trading experience. Kevin is one of those rare breeds in this industry -- both extremely knowledgeable as well as down-to-earth pragmatic and honest. The candor with which he speaks during the workshop is a breath of fresh air. He brings an amazing systematic mind to his trading process and clearly details each step of the process, from testing to implementation. He provides charts, worksheets, and strategies that he trades with his own money. Since his strategies are written in TradeStation's EasyLanguage, I needed to convert them to NinjaTrader. This proved more involved due to some differences between TS and NT, but Kevin remained helpful and available each step of the way with the conversion process. His responses to my emails would always occur on the same day, if not the same hour! This is an amazing benefit of the program -- to have his attentive expertise available 6 months after the workshop. All-in-all, I am extremely happy with both the value and quality of his workshop and support!

----------------------

So, needless to say, I was pretty excited! But the next few months were grueling. Using the processes learned in the workshop, I began first working with algorithms I had already developed in NinjaTrader. One or two came very close to passing all the workshop parameters, but always fell short. It was frustrating! I couldn't come up with one strategy that passed muster.

During this time Kevin was highly responsive to both my questions and frustrations--cheering me on when I needed encouragement and providing direction when I was stalled.

Finally, after failed strategy after failed strategy, I wrote one that passed the gauntlet of metrics he laid out in the workshop. This gauntlet is, I believe, invaluable to weeding out the chaff from the grain.

For me, the primarily problem I had was believing a strategy could be simple. I can sometimes drown in the sea of complexity and, often times, make things more complicated than they need to be. Kevin kept directing my attention to simplify. And so I did. I still can't believe that some of these strategies even work--some less than five lines of logic code!

So here it is six months later. Kevin has continued to remain responsive to all my emails. I have several strategies ready to trade in various markets. They have passed Kevin's gauntlet and I have been sim trading them over the past month. I am, at the time of this writing, ready to throw the "on" switch, quite literally tomorrow morning.

So after six months of effort it is now time for the rubber to meet the road. I believe I have good odds of success because of Kevin's systematic approach to trading, the guidance I have received from him, and the rigorous gauntlet he has created for strategy development.

So perhaps my next post will be to see how I did. But I am happy to answer any questions that others might have about Kevin's workshop. I have had such a positive experience to date, and see that positive experience extending forward.

Dave

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Easylanguage Contract info
EasyLanguage Programming
Multichart NET set signal parameters different than the …
MultiCharts
NT8 connectivity by FXI API to unsupported brokers?
NinjaTrader
Weather services for trading NG
Trading Reviews and Vendors
Is there a way to rename an existing trade?
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
128 thanks
I finally blew up an account
41 thanks
Big Mike in Ecuador
27 thanks
The tiyfTradePlanFactory indicator
27 thanks
EdgeProX from Edge Clear
23 thanks
 
(login for full post details)
  #3 (permalink)
 DrRumpy 
Canada
 
Experience: Beginner
Platform: MetaTrader
Trading: Currency
 
Posts: 45 since May 2014
Thanks: 25 given, 32 received


Fantastic update. Thanks for sharing your review.

Reply With Quote
The following 2 users say Thank You to DrRumpy for this post:
 
(login for full post details)
  #4 (permalink)
 DobermanTrading 
SE Asia / Canada
 
Experience: Intermediate
Platform: FXCM's Trading Station
Broker: Darwinex, FXCM, Tradingview
Trading: Forex and CFD's
 
Posts: 114 since Jun 2010
Thanks: 26 given, 109 received

Hi,

Even if you don't take the workshop, Kevin has uploaded a couple of hour long videos on Youtube recently.

top notch no b/s stuff in there, everyone should check it out.

[yt]https://www.youtube.com/channel/UCjTZtWVBchDTJuxy_7GjySQ/videos[/yt]

cheers,

Totantaz

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 12 users say Thank You to DobermanTrading for this post:
 
(login for full post details)
  #5 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


DrRumpy View Post
Fantastic update. Thanks for sharing your review.

Thanks. Off to a good start this morning. Strategies seem to be running fine and positions have been entered. It's been nice to switch from sim to live!

Started this thread Reply With Quote
The following 2 users say Thank You to risingfire for this post:
 
(login for full post details)
  #6 (permalink)
ilkan10
Izmir Turkey
 
 
Posts: 14 since Jul 2015
Thanks: 3 given, 26 received

I attended Kevin's workshop at the end of March 2015. Before entering the workshop, other than buying and holding stocks, I've been trying to discretionary trade forex for almost 3 years. At the beginning of 2015, I decided to give up discretionary trading for personal reasons and wanted to move on to system trading.

Kevin's book was the 2nd book I read on the subject and I was quite impressed. Read some other books, but I knew I needed help. I sent a mail to Kevin through his website and got a reply the same day. After I explained my situation, I decided to learn Easylanguage, because I needed to basic skills for coding. Almost a month later, I sent him another mail and he clearly told me NOT to take his course but to consider it in the near future. Too much was going on in my personal life at the time and that's why he gave that advice but still I never heard that from any trading mentor.

Three things convinced me to attend the course later...
1) He's a real trader. He proves that by his Futures World Cup degrees.
2) His book.
3) Telling me not to take his course.

His course is very well organized. The live session is long, and he goes through a lot of stuff but the way he organized the PDFs, videos and the spreadsheets makes it really easy for you after the session. Even though they're divided into 5 or 6 sessions, the PDFs are still long but he small notes so you can find the most important parts easily.

I think the best part is the 6 month email support. He replies to your mails really quickly even if you're not his student. After being a student, you reach him by another email address and he's so quick to get back to you, it's like chatting. You can ask him anything related to trading. My Easylanguage skills are quite basic, but improving everyday thanks to him. When I have an automation problem, even I talk to Tradestation trade desk, I always get better answers from Kevin.

It wasn't easy to start after the workshop. I set a goal and that is to produce at least one strategy (according to the Strategy Factory rules) per month starting with June. I was stuck till Kevin hosted a free webinar called "My Favorite Entries." (not quite remember the title) I basically copied his entry idea, added a condition, an exit and that was my first strategy. After the first one, things got much easier. I'm now incubating 12 strategies. Kevin also helps you to find ideas other than his webinars. He recommends you books and magazines. Before the workshop, I thought that finding ideas was going to be the hardest part. Now I have so many ideas to test, time is not enough...

Kevin formed "Strategy Factory Club" where the students submit their strategies which passed the course's rules. After 6 months of incubation process, the profitable strategies are shared among the profitable strategy creators. And Kevin shares one of his strategies with the profitable strategy owners. So it's a win win situation for the profitable strategy creators.

After the webinar, Kevin shares 3 strategies with you. With the free strategy on his site, you already have 4 strategies ready to trade.

Now a little about the downside...
You have to have basic coding knowledge. Yes, basic is enough. You don't have to write hundreds of lines to create profitable strategies. As Kevin says "Simple is better."
Kevin trades futures, so you have to be well funded to trade his strategies or to trade futures generally. Though he was kind enough to send me an ETF version of one of his strategies. But beware that the strategy club participants submit strategies for futures. If you're not well funded to trade 5-6 futures strategies, you might consider creating strategies for ETFs and Forex.

If you're not sure, read his book and sign up to his mailing list so you're informed on his upcoming free webinars.

This has been an amazing journey for me so far. I'll update this post and share the results of strategies which are in incubation process.

Sabo

Reply With Quote
The following 12 users say Thank You to ilkan10 for this post:
 
(login for full post details)
  #7 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


ilkan10 View Post
Now a little about the downside... Kevin trades futures, so you have to be well funded to trade his strategies or to trade futures generally.

That's a good point about a well funded account. I was originally going to start with $20k, which is doable for 3 or so strategies (if you consider margin + potential drawdowns). I decided to start with a larger account size so that I could trade more strategies, but a colleague of mine is doing well on $20k with 3 strategies. I am thinking that this might be a good "minimum" starting place.

And so far, so good since going live two weeks ago. The account is up 10% since starting and has not suffered a drawdown yet that would eat into the original equity. I feel very fortunate for that because that certainly could not have been the case -- it could have easily started in drawdown.

I'm currently trading ES, EMD, JY, HT, PL, W and will soon add soybeans.

All these strategies have been designed according to Kevin's workshop parameters.

Started this thread Reply With Quote
The following 7 users say Thank You to risingfire for this post:
 
(login for full post details)
  #8 (permalink)
 DobermanTrading 
SE Asia / Canada
 
Experience: Intermediate
Platform: FXCM's Trading Station
Broker: Darwinex, FXCM, Tradingview
Trading: Forex and CFD's
 
Posts: 114 since Jun 2010
Thanks: 26 given, 109 received

another good video from Kevin (KJ Trading Systems) fresh from traderkingdom youtube's channel.

check it out


As always comes off as really genuine guidance, I know I know ... i'm a fanboy

also mentions futures.io inside it

cheers,

totantaz

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to DobermanTrading for this post:
 
(login for full post details)
  #9 (permalink)
 tkoutris 
ellicott city md
 
Experience: Intermediate
Platform: ninja
Trading: cl,gc,yn,beans
 
Posts: 10 since Nov 2015
Thanks: 1 given, 2 received

Rising fire,

How is your system trading doing?
Thx

TK

Reply With Quote
The following user says Thank You to tkoutris for this post:
 
(login for full post details)
  #10 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received



tkoutris View Post
Rising fire,

How is your system trading doing?
Thx

I think I would like to answer that with "Things I Have Learned..."

The system, on the whole, is sound. But I ran into some obstacles during Oct and Nov. I decided to pause the system during December so that I could reassess and restart trading in January.

So what happened during Oct and Nov? Three of the strategies performed just as expected--they did well and were within acceptable drawdown limits for me. But four of the strategies ended up on rocky ground. And then I ended up on rocky ground.

I made some novice mistakes that I really never thought I would make again. Never underestimate the strength of personal history repeating itself and be prepared for it to happen. In that regard, I was blindsided by my own fear-of-loss reaction to trading when several of the strategies began to show repeated losses. Even though they had not yet hit the "turn off" point I had previously defined for each strategy, my confidence was shaken and I became reactive. I turned a couple off, only to turn them back on later, and then off again. Obviously this violated the integrity of the strategies themselves and resulted in worse losses than if I had just left them alone.

Okay... so that was all "my bad." Lesson learned (again) and time to regroup. My total loss for that lesson was about $8k total during Oct/Nov trading. Had I just left all the strategies run as-is, my total loss would have been around $6k. I am actually very fortunate because the strategies that were performing well did a good job offsetting the losses.

In the scheme of things, even a $6-8k loss is acceptable drawdown for my account size. However, I suspect that four of the seven strategies are no longer seaworthy. At least they will need more time to prove themselves than I had given them. Kevin refers to this proving period as "incubation" and it is part of his system design to avoid the types of losses I sustained. These particular strategies could have benefited from this "wait and see" approach. And I would probably have a bit more hair on my head, too.

So the end result is that (1) I have learned a valuable lesson and (2) have three strategies that are solid and performing well. My intention is to bring that count up to five so that I can begin trading again in January.

Started this thread Reply With Quote
The following 8 users say Thank You to risingfire for this post:
 
(login for full post details)
  #11 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received

I did a bit of forensic analysis yesterday that sheds more light on the performance of the strategies--specifically which ones performed well, which ones did not, and why.

Here are the strategies in the date order they were developed with profit results up to end of Nov:

JY 60min - May-Nov - ($1,700)
PL 240min - Jun-Nov - $10,000
S 240min - Jul-Nov - $1,400
*C daily - Jul-Nov - ($2,500)
*EMD daily - Aug-Nov - ($3,200)
PL 60min - Aug-Nov - $11,300
*HG daily - Sep-Nov - ($6,700)
*W daily - Sep-Nov - ($2,300)

The JY 60min strategy was the first one I developed. It was developed following all the guidelines using Kevin's development process except one -- the "incubation period."

This is a period used to run the strategy on live *unseen* data. Thus, if I wanted to develop a strategy that I wanted to use today (12/17/2015), then I would develop that strategy only using data up to about 3/1/2015 -- a 9 month window of data that has not been included in the development process. If the strategy passes all the development hurdles and benchmarks (and there are several in Kevin's approach), then the last test is to see how it performs on that 9 months of unseen data. If it continues to perform well, it passes and can be traded. If not, then the strategy is either scrapped or reassessed. However, there is danger in reassessing at this point as you no longer have the 9 month window of unseen data to use as a final testing period, and the risk of "over optimizing" or running afoul of data mining bias runs high.

I misunderstood this when I was developing the JY strategy and used all the data -- right up to the current date.

The PL and S strategies were developed with an incubation period test at the end of the development process.

The strategies that are starred (*) are special. They were developed using algorithmic builder software. Those strategies were more difficult to fit within Kevin's development framework in terms of testing period time frames. Thus, they could not benefit from his entire benchmarking process and may have been over-fit/over-optimized to the data.

So looking at the results:

The JY strategy did not do well -- it did not benefit from being tested on unseen (incubation) data. Instead, this testing happened in real-time, showing that the strategy may not be viable because of negative performance.

The strategies built with algorithmic software ALL had negative balances in real-time. What misled me is that the ones that were developed in the Jul/Aug were doing well in sim mode testing, but then as fate would have it, they went south when I started live trading in Oct.

So the pool of strategies that strictly adhered to Kevin's guidelines were (I developed these using ideas I got from various sources on the web and in forums.):

PL 240min - Jun-Nov - $10,000
S 240min - Jul-Nov - $1,400
PL 60min - Aug-Nov - $11,300

The ones that did not (all except JY were from algorithmic builder software):

JY 60min - May-Nov - ($1,700)
C daily - Jul-Nov - ($2,500)
EMD daily - Aug-Nov - ($3,200)
HG daily - Sep-Nov - ($6,700)
W daily - Sep-Nov - ($2,300)

It doesn't take rocket science to see a pattern here.

Only time will tell if the unprofitable strategies are simply in draw down and will recover. But this is why the final hurdle of testing on unseen data is important. Depending on how poor the performance during that final testing period, it can be an indication that your strategy is not working as expected or simply needs more time to prove itself.

And had I simply traded the strategies that, in retrospect, were probably the "safest" (since they strictly adhered to the development process)? I would have shown a profit rather than loss.

Trading ES (one of Kevin's strategies), PL 240min and S 240min: Oct/Nov: $5,200 -- gain

Trading ES, PL, S, JY, C, EMD, HG, W: ($6000) -- loss

I'll continue to track the strategies that are running negative balances to see if they ever recover or ultimately fail. But I certainly won't be putting money on the table for them any time soon!

Hope this helps.

Started this thread Reply With Quote
The following 8 users say Thank You to risingfire for this post:
 
(login for full post details)
  #12 (permalink)
 tkoutris 
ellicott city md
 
Experience: Intermediate
Platform: ninja
Trading: cl,gc,yn,beans
 
Posts: 10 since Nov 2015
Thanks: 1 given, 2 received

Interesting to see if it is purely just a drawndown.
So you have only traded or tested one of Kevins strategies,,,ES?
Thx

Reply With Quote
 
(login for full post details)
  #13 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


tkoutris View Post
Interesting to see if it is purely just a drawndown.
So you have only traded or tested one of Kevins strategies,,,ES?

I have only traded his ES system, but have tested other systems that he has made available. Check out his website--he has made some of his other work publicly available (such as a soybeans system, gold, etc.). Last I tested these worked well, but had more drawdown than I wanted.

Started this thread Reply With Quote
The following user says Thank You to risingfire for this post:
 
(login for full post details)
  #14 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,096 since Dec 2013
Thanks: 3,405 given, 8,116 received

@risingfire and @ilkan10 do you have any further updates on your Strategy Factory attempts?

I must admit to have taken his course this week and was both impressed with KJ & the courses content, and thoroughly enjoyed attending it.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
(login for full post details)
  #15 (permalink)
ilkan10
Izmir Turkey
 
 
Posts: 14 since Jul 2015
Thanks: 3 given, 26 received


SMCJB View Post
@risingfire and @ilkan10 do you have any further updates on your Strategy Factory attempts?

I must admit to have taken his course this week and was both impressed with KJ & the courses content, and thoroughly enjoyed attending it.


After taking the course, my goal was to submit a strategy to Strategy Factory Club every month. And I did...

Incubation period is completed for 6 of my strategies. 3 of them failed and 3 of them passed. None of the failing strategies are straight failures. What I mean is, the drawdown isn't near their historical max drawdown. Looking back again, I definitely wouldn't submit one of the strategies. I don't know your experience as a system trader but as time passed, I got a better feeling of what's optimized or not.

I strongly recommend you to retake the course after a couple of months. There're lots of valuable information. If you attend again, it will definitely help. (I don't mean to watch the recording again.) Just tell Kevin 2 weeks before. And of course he won't charge you. After attending again, I realized that I was over optimizing a bit here and there unintentionally. Also, I try to use less inputs compared to Kevin so I again don't over optimize unintentionally.

Good luck!

Reply With Quote
The following 6 users say Thank You to ilkan10 for this post:
 
(login for full post details)
  #16 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


SMCJB View Post
@risingfire and @ilkan10 do you have any further updates on your Strategy Factory attempts?

I have dropped back to sim/paper trading at the moment. I turned the system back on in January with my strategies plus Kevin's ES strategy from the webinar, only to suffer an extreme drawdown that forced me to turn the system off since I was very close to my own personal loss thresholds. Kevin's ES strategy suffered one of the worst drawdowns in its history (consecutive repeated losses totaling $10.5k over 2 1/2 months) and my strategies did not compensate, but rather experienced drawdown also, magnifying the effect and resulting in a $20k drawdown. Not good with a $55k account.

But here's the thing. I had developed strategies last year in June, July, August and Sep and started running these with real money in Oct. (I had also, unfortunately, turned on a couple of untested strategies that were created using automated strategy-builder software (see my previous posts) that all performed poorly.)

However, had I simply traded the strategies I developed plus Kevin's ES strategy, I would be showing a profit today, despite the huge drawdown. But since I did not run the system continuously during that time and dealt with losses from the auto-built strategies, I experience loss rather than profit.

So I am having a mixed bag experience. On the one hand I can see where the combined multi-strategy system has a huge amount of merit. In theory the diversification should even out the equity curve. But in practice, with a small account, there is some measure of luck involved. Starting the system back up in Jan was just bad luck as it just happened to hit a period of large drawdown and took my account down to critical levels in March. I suppose at $35k I could have continued to keep the account trading, but it was enough to shake my confidence in the system. And, of course, the irony is that despite the large loss, the trading system did recover by early May. That is a painful pill to swallow.

So I am honestly not sure what to do at this point. I am experiencing "loss aversion" and am afraid that if I turn them back on, it may simply hit another drawdown period that could wipe the account out. So I have stepped back to reevaluate.

Recently my son sent me some "tidbits of wisdom" that seems pretty appropriate at this stage of the game and seems to sum up my experience:

1. Every mistake is a successful step the learning process.
2. Finding the cause of the error is the next step.
3. Next, develop a potential solution.
4. Apply the solution and observe the results.
5. Review and reevaluate
6. Repeat this process for any new or returning mistakes.
7. Never repeat a method that resulted in an error for the same scenario in the same circumstances.
8. Stupidity is doing the same thing and expecting different results.
9. Be open-minded to the potential of relevant variables outside of your awareness or comprehension.

So I am in step #5. I removed untested/unprofitable strategies. I recognize that I made the classic mistakes of reacting emotionally and turned the system off when I should have kept it on (and vice versa). I have sim-traded the tested strategies (in their original form) since Oct 2015. There was a $20k drawdown that was too severe for me. Was that just bad luck or inherent in the system?

So now what? Am I falling prey to step #8 if I just turn the system back on?

Here is a snapshot of what *would* have happened if I ran the system correctly and continuously starting Oct 2015. This is a spreadsheet I wrote to test the combining of multiple strategies.



The red line displays the equity drawdown. Notice I turned the system back on at the worst possible time -- Jan declining into March. The medium colored blue line is the equity balance (hits $20k end of Dec 2015). I could only trade one PL strategy, so chose PL-60min, the better performer. As of May 15, the equity profit would have been ~ $11.5k. But monte carlo return/drawdown is 1.59 at 6% risk of ruin for combined strategy results. The analysis only included Oct 2015 to May 2016, about 7 1/2 months.

Started this thread Reply With Quote
The following 6 users say Thank You to risingfire for this post:
 
(login for full post details)
  #17 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,096 since Dec 2013
Thanks: 3,405 given, 8,116 received

I thank you both @risingfire and @ilkan10 for your detailed responses. Good luck to you both.

Reply With Quote
 
(login for full post details)
  #18 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


SMCJB View Post
I thank you both @risingfire and @ilkan10 for your detailed responses. Good luck to you both.

@SMCJB, some further reflections I wanted to share. As with @ilkan10, I had some strategies pass Kevin's Strategy Factory Club, and some fail. But as with ilkan10, they were not complete failures (just not profitable enough to pass the 6-month requirement) and Kevin encouraged that I continue to incubate them. Two of them that "failed" took off and would pass by club standards today (my JY 60min and S 240min).

The club has a lot of benefits, one of which is to receive strategies that can be added to your own "cache". I chose two that I have been tracking and have added them to the portfolio spreadsheet to see how they would have combined with trading starting Oct 2015. All the strategies I've included in the spreadsheet have been "live" for at least 9-11 months. The results are much better!

Just adding ONE club strategy (KC Daily) more than doubled the profit, reduced drawdown and took the overall MC return/dd from 1.59 to 5.53. Plus, the required capital reduced to ~ $30k to run all 5 stategies.

Here are those results:


Another combination of strategies... one of the club strategies I received was created by Kevin--a JY 360min strategy. His JY strategy did better than mine, so I'll swap mine out for his. One of the daily ES club strategies performed better than his ES, so I'll swap his out for that one. The following are the results:


The results improve more. Drawdown is about the same, but profit rises to $42k and return/dd soars to 14.58.

Now, one last test. I turned the clock back to Oct 2015, when I started live trading to see what the system was telling me about the original strategies -- 3 that I developed at that time and Kevin's ES.



The analysis was saying that I could expect a $19k drawdown and needed approx $31k to run the system. And that is almost exactly what happened over the past 7 1/2 months. I turned the system off when I hit a $20k loss. But that was just about when the strategies recovered and made over 1/2 that back over the next couple of months.

So all this tells me several things. Kevin's system approach *does* work for small accounts. I have learned to write strategies that do succeed. I need stronger emotional discipline to weather the drawdown -- my own analysis was telling me what to expect! And if I felt that the drawdown was too much for my emotional makeup, then I needed to be patient and wait for a better mix of strategies that had a better chance at less risk. And, lastly, Kevin has said time after time that strategy incubation (running sim real-time) has saved him thousands of dollars... it's time to take that to heart and listen up!

Started this thread Reply With Quote
The following 7 users say Thank You to risingfire for this post:
 
(login for full post details)
  #19 (permalink)
 Dionysus 
Monterey, CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: CL
 
Posts: 80 since Jan 2014
Thanks: 28 given, 99 received

I just wanted to weigh-in briefly and say that while I have not taken his course, in my dealings with Kevin over the years I can vouch for him as a skilled and competent trader, and even more than that, a skilled teacher, and one that seems to share freely and not hold back the 'secret sauce', as it were. . . this is an extreme rarity, and more than I can say for myself.

As if he even NEEDS more praise, at this point. . ! I just wanted to toss my two cents in for character reference.

Reply With Quote
The following 3 users say Thank You to Dionysus for this post:
 
(login for full post details)
  #20 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


Dionysus View Post
I just wanted to weigh-in briefly and say that while I have not taken his course, in my dealings with Kevin over the years I can vouch for him as a skilled and competent trader, and even more than that, a skilled teacher, and one that seems to share freely and not hold back the 'secret sauce', as it were. . . this is an extreme rarity, and more than I can say for myself.

As if he even NEEDS more praise, at this point. . ! I just wanted to toss my two cents in for character reference.

I appreciate the kind words! I have enjoyed our e-mail discussions about trading!

Kevin

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #21 (permalink)
 gumdr0p 
Illinois
 
Experience: Intermediate
Trading: Futures
 
Posts: 56 since Apr 2015
Thanks: 72 given, 16 received


risingfire View Post
So all this tells me several things. Kevin's system approach *does* work for small accounts. I have learned to write strategies that do succeed. I need stronger emotional discipline to weather the drawdown -- my own analysis was telling me what to expect! And if I felt that the drawdown was too much for my emotional makeup, then I needed to be patient and wait for a better mix of strategies that had a better chance at less risk. And, lastly, Kevin has said time after time that strategy incubation (running sim real-time) has saved him thousands of dollars... it's time to take that to heart and listen up!

@risingfire

Your posts are very detailed and informative. Any further updates? I love the graphs.

Reply With Quote
The following 3 users say Thank You to gumdr0p for this post:
 
(login for full post details)
  #22 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,096 since Dec 2013
Thanks: 3,405 given, 8,116 received


gumdr0p View Post
@risingfire

Your posts are very detailed and informative. Any further updates? I love the graphs.

+1

Reply With Quote
The following 2 users say Thank You to SMCJB for this post:
 
(login for full post details)
  #23 (permalink)
 gumdr0p 
Illinois
 
Experience: Intermediate
Trading: Futures
 
Posts: 56 since Apr 2015
Thanks: 72 given, 16 received


risingfire View Post
This is a spreadsheet I wrote to test the combining of multiple strategies.

Is the spreadsheet something above and beyond the workshop, or is this something central to what Kevin teaches? In other words, are all of his students writing and using spreadsheets like this?

Reply With Quote
 
(login for full post details)
  #24 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


gumdr0p View Post
Is the spreadsheet something above and beyond the workshop, or is this something central to what Kevin teaches? In other words, are all of his students writing and using spreadsheets like this?

From the looks of it, @risingfire took concepts from the class and created his own spreadsheet to suit his needs. He is a pretty astute programmer/developer. I have some similar spreadsheets, and I am always willing to share what I have, and/or help students create their own versions. The more knowledge of Excel (pivot tables, macros, charting, etc.) the more we can do.

For the workshop, I keep the spreadsheets fairly simple, and those that want more can just ask.

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to kevinkdog for this post:
 
(login for full post details)
  #25 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


gumdr0p View Post
@risingfire

Your posts are very detailed and informative. Any further updates? I love the graphs.

Thanks, gumdr0p. I began live trading again last October, and it has been a much better experience than when I began trading before that. I stopped trading sometime around March last year and spent the Spring/Summer/Fall sim trading. I should have done that first--but I was so confident that I was ready and that the strategies that I and others (from the club) were ready to go.

As you'll glean from my posts, some of the strategies should never have been traded, and the ones that were good suffered sizable drawdown. Just bad luck/bad timing, but enough to trigger my fear response and throw self-confidence out the window.

I watched a set of strategies recover and then perform over those months and got a handle on my fear response so felt i was ready to re-enter the fray in October with a set of strategies that I had been monitoring now for several months.

Oct and Nov were profitable -- I was up 18%. Then Dec ate virtually ALL of those profits and took the portfolio down to 1%. Fortunately I was not as reactive as earlier 2015 and was able to re-assess both my own tolerance levels and the reasons for such wide fluctuation in performance. I decided that, although a couple of the strategies had a proven track record for performance/profitability, that they just weren't for me. Too volatile for my blood. So I turned them off.

By the end of Jan, my trading account is up 8% (accounting for closed positions only) and current trades are showing profit (but, of course, who knows what will really happen until the positions close).

So I've learned that I am one of those people who would rather a high success win rate rather than lots of losses (i.e., low win rate) with infrequent big wins -- even at the sacrifice of some profit. I would rather sleep better at night and make less money than sleep less and make more.

Started this thread Reply With Quote
The following 3 users say Thank You to risingfire for this post:
 
(login for full post details)
  #26 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


kevinkdog View Post
From the looks of it, @risingfire took concepts from the class and created his own spreadsheet to suit his needs. He is a pretty astute programmer/developer. I have some similar spreadsheets, and I am always willing to share what I have, and/or help students create their own versions. The more knowledge of Excel (pivot tables, macros, charting, etc.) the more we can do.

For the workshop, I keep the spreadsheets fairly simple, and those that want more can just ask.

Yes, I am finding that, for me, the value of Kevin's workshop has been in the concepts and methodologies that I am able put into my own mental framework. My programming expertise has been both a asset as well as a hindrance. Kevin is much more comfortable with "fuzziness" and strategies that may have several inefficiencies in them. I think this "fuzziness" is important to being successful in trading as it creates "breathing room" and adaptability for market changes that a tightly-fit strategy simply cannot cope with. It also allows the space to be wrong and be okay with that.

My programming expertise makes me a bit of a perfectionist -- or perhaps the other way around. And this is just not a good way to approach trading as there is no perfect model in trading. So I've been trying to learn from Kevin and his more relaxed, successful approach.

Now with that in mind, Kevin gave a "booster" workshop last summer where he walked us through the development of a strategy real-time. The strategy idea he used came from Michael Harris' book "Short-Term Trading with Price Patterns" published back in 2000. Kevin had tried several price patterns in the book that Harris had applied to ETFs. Kevin applied these to various futures' market and found one that had pretty excellent results in unleaded gas.

But my "structured mind" was really bothered by this. How can a price pattern that was derived from the ETF QQQ work well with the futures RB? It seemed to random to me. But then again... need to be willing to be more fuzzy.

And I was really intrigued with Harris' work with price patterns, as some of my strategies were based on time-honored price patterns in the market. So I bought Harris' book, subscribed to his blog and am currently working on a price pattern system that synthesizes Kevin's workshop methodologies as well as Harris'. I hope to have a beta of this system running in another month or two, feeling that it will be more in line with my own trading style.

So there's the update! Meanwhile, current v1.0 system strategies are running and performing well.

Started this thread Reply With Quote
The following 7 users say Thank You to risingfire for this post:
 
(login for full post details)
  #27 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,096 since Dec 2013
Thanks: 3,405 given, 8,116 received

Thanks @risingfire excellent update.
Good Luck to you in your trading.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
(login for full post details)
  #28 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


SMCJB View Post
Thanks @risingfire excellent update.
Good Luck to you in your trading.

Thanks so much; I appreciate your good will. It's certainly been a tougher road than I expected!

Started this thread Reply With Quote
The following user says Thank You to risingfire for this post:
 
(login for full post details)
  #29 (permalink)
 Vozdovac 
IL
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES
 
Posts: 17 since Aug 2011
Thanks: 13 given, 16 received

Great thread! Any update?

Thanks

Reply With Quote
The following user says Thank You to Vozdovac for this post:
 
(login for full post details)
  #30 (permalink)
 risingfire 
Raliegh, NC
 
Experience: Intermediate
Platform: Tradestation, Multicharts
Broker: Tradestation, Interactive Brokers
Trading: Several
 
Posts: 31 since Apr 2014
Thanks: 104 given, 91 received


Vozdovac View Post
Great thread! Any update?

The Harris-based pattern system I developed works great finding price patterns, but I have not yet found a satisfactory method of pattern selection that would have a true edge to trading. I have tried all manner of methods, from cross-market verification, various correlations, backtest results, etc. Finally I put the project on hold and have simply been trading strategies that use Kevin's methods that scour various sources, from books to Internet to magazines, etc. This has been yielding good results. While I think that machine learning approaches can also yield good results, I have not managed to find a way to separate the "random luck" of those results with "true edge" results.

Started this thread Reply With Quote
The following 3 users say Thank You to risingfire for this post:
 
(login for full post details)
  #31 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,096 since Dec 2013
Thanks: 3,405 given, 8,116 received

Since this thread is seeing some action I will add my experiences.

As I mentioned I took Kevin's course back in May'16. While I have a lot of experience trading none of it was with automated strategies like this. At this point I have only entered the Strategy Factor Club twice, but am proud to say both of them passed. So right now I am trading 5 strategies live, the two that passed the club, Kevin's ES strategy many have mentioned, an RB strategy, and the final strategy is one I got from one of my passing club months.

After several months of a flat but noisy equity curve, the last 9 months have performed much better. Late in August I put in a new equity high, but then Hurricane Harvey hit and I took a large loss on the RB system and two of my equity systems got stopped out at the same time. So two weeks ago I put in my largest drawdown to date, but have already made half of that back.

I was one of the 27 people to attend @kevinkdog's event in Cleveland last weekend. Before going I must to admit to being a little burned out having spent a lot of time "flogging Tradestation to death" to quote a friend. Now I feel rejuvenated and am ready to tackle the next round of system development.

Reply With Quote
The following 9 users say Thank You to SMCJB for this post:
 
(login for full post details)
  #32 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,071 since Feb 2017
Thanks: 2,352 given, 2,237 received

I took @kevinkdog's Strategy Factory course yesterday, on the recommendation of @numberjuani. The price was high (but comparable to other courses), so we had to decide if it was a worthy investment. I can honestly say this is the best money I have ever spent on trading. The focus is on building automated strategies and lots of them. This course is an extension of his book ("Building Winning Algorithmic Trading Systems").

I wrote about it on my journal, if you are interested: Attack of the Robots. I don't want to have to write it again, but here are a few highlights:
  • 8 hours of training, with Q&A throughout
  • A solid methodology to build ideas into automated strategies
  • Managing a portfolio of automated strategies
  • A ton of content, including tools and some ready-built strategies to get started
  • Kevin is brutally honest and as transparent as can be
The only downside to this course, or rather limitation, is that the code provided is in EasyLanguage, so any code provided would need to be ported to your platform (I am guessing Multichart users are okay). The course is still suitable for anyone developing algo trading systems, as it is not system dependent. The content applies to any automated trading system.

We have already been building strategies in TradeStation (with EasyLanguage) for years, but we were missing something. The missing something was the content in this class. The first two hours addressed a ton of issues (one of which is the 'quest for perfection'), which we will be integrating into our processes starting tomorrow.

This course has changed how we will do business moving forward. The course will pay for itself in money not lost and I'm sure in profits later. If you are thinking about taking this course, you can PM me and I will give you my honest assessment.

~vmodus

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to vmodus for this post:
 
(login for full post details)
  #33 (permalink)
 numberjuani 
Agoura Hills, CA USA
 
Experience: Advanced
Platform: Tradestation&Multicharts
Broker: TradeStation
Trading: Futures & Equities
 
numberjuani's Avatar
 
Posts: 127 since Apr 2019
Thanks: 9 given, 98 received


vmodus View Post
I took @kevinkdog's Strategy Factory course yesterday, on the recommendation of @numberjuani. The price was high (but comparable to other courses), so we had to decide if it was a worthy investment. I can honestly say this is the best money I have ever spent on trading. The focus is on building automated strategies and lots of them. This course is an extension of his book ("Building Winning Algorithmic Trading Systems").

I wrote about it on my journal, if you are interested: Attack of the Robots. I don't want to have to write it again, but here are a few highlights:
  • 8 hours of training, with Q&A throughout
  • A solid methodology to build ideas into automated strategies
  • Managing a portfolio of automated strategies
  • A ton of content, including tools and some ready-built strategies to get started
  • Kevin is brutally honest and as transparent as can be
The only downside to this course, or rather limitation, is that the code provided is in EasyLanguage, so any code provided would need to be ported to your platform (I am guessing Multichart users are okay). The course is still suitable for anyone developing algo trading systems, as it is not system dependent. The content applies to any automated trading system.

We have already been building strategies in TradeStation (with EasyLanguage) for years, but we were missing something. The missing something was the content in this class. The first two hours addressed a ton of issues (one of which is the 'quest for perfection'), which we will be integrating into our processes starting tomorrow.

This course has changed how we will do business moving forward. The course will pay for itself in money not lost and I'm sure in profits later. If you are thinking about taking this course, you can PM me and I will give you my honest assessment.

~vmodus

HI @vmodus Im glad it worked out. I had a similar experience in which just the first two hours where jaw dropping. Kevin does a heck of job outlining both what works, and what doesn't work. I'm 100% sure its the best money I spent in trading. Also, lets not forget he gives you strategies that are great and you can just get home, turn them on, and make the money back.

Reply With Quote
The following 4 users say Thank You to numberjuani for this post:
 
(login for full post details)
  #34 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


vmodus View Post
I took @kevinkdog's Strategy Factory course yesterday, on the recommendation of @numberjuani. The price was high (but comparable to other courses), so we had to decide if it was a worthy investment. I can honestly say this is the best money I have ever spent on trading. The focus is on building automated strategies and lots of them. This course is an extension of his book ("Building Winning Algorithmic Trading Systems").

I wrote about it on my journal, if you are interested: Attack of the Robots. I don't want to have to write it again, but here are a few highlights:
  • 8 hours of training, with Q&A throughout
  • A solid methodology to build ideas into automated strategies
  • Managing a portfolio of automated strategies
  • A ton of content, including tools and some ready-built strategies to get started
  • Kevin is brutally honest and as transparent as can be
The only downside to this course, or rather limitation, is that the code provided is in EasyLanguage, so any code provided would need to be ported to your platform (I am guessing Multichart users are okay). The course is still suitable for anyone developing algo trading systems, as it is not system dependent. The content applies to any automated trading system.

We have already been building strategies in TradeStation (with EasyLanguage) for years, but we were missing something. The missing something was the content in this class. The first two hours addressed a ton of issues (one of which is the 'quest for perfection'), which we will be integrating into our processes starting tomorrow.

This course has changed how we will do business moving forward. The course will pay for itself in money not lost and I'm sure in profits later. If you are thinking about taking this course, you can PM me and I will give you my honest assessment.

~vmodus

I am glad you found value in the course!!

Thanks for the kind words. I appreciate it!

Kevin

Follow me on Twitter Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
(login for full post details)
  #35 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


numberjuani View Post
HI @vmodus Im glad it worked out. I had a similar experience in which just the first two hours where jaw dropping. Kevin does a heck of job outlining both what works, and what doesn't work. I'm 100% sure its the best money I spent in trading. Also, lets not forget he gives you strategies that are great and you can just get home, turn them on, and make the money back.

Thanks for the shout out, I really appreciate it. I do recommend a little caution and patience with the strategies I provide, though.

Thanks for the comment!

Follow me on Twitter Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
(login for full post details)
  #36 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,071 since Feb 2017
Thanks: 2,352 given, 2,237 received


kevinkdog View Post
Thanks for the shout out, I really appreciate it. I do recommend a little caution and patience with the strategies I provide, though.

Thanks for the comment!

Yeah, we are careful to vet pretty much any new idea, strategy, or indicator that comes across our trading desks.

~vmodus

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to vmodus for this post:
 
(login for full post details)
  #37 (permalink)
 Tanvo 
Amsterdam Netherlands
 
Experience: Beginner
Platform: IB
Trading: ES
 
Posts: 10 since Oct 2020
Thanks: 18 given, 4 received

The workshop looks promising when reading your experience!

Reply With Quote
The following 2 users say Thank You to Tanvo for this post:
 
(login for full post details)
  #38 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


Tanvo View Post
The workshop looks promising when reading your experience!

Since I no longer have a "ask Me Anything" thread, feel free to PM me any questions, or contact me via e-mail.

MODS: please delete this reply if you feel my response is inappropriate.

Follow me on Twitter Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
(login for full post details)
  #39 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,071 since Feb 2017
Thanks: 2,352 given, 2,237 received


Tanvo View Post
The workshop looks promising when reading your experience!

You can ask me whatever you want about the Strategy Factory, and I will give an honest answer, either here or PM. I don't work for Kevin in any way, shape or form....

~vmodus

Enjoy everything!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to vmodus for this post:
 
(login for full post details)
  #40 (permalink)
 FastNCurious 
saint louis MO
 
Experience: Intermediate
Platform: TradeStation
Trading: NQ, ES, YM, CL, GC
 
FastNCurious's Avatar
 
Posts: 119 since Oct 2017
Thanks: 77 given, 126 received

I can't speak highly enough of Kevin's Strategy Factory course. I am a recovering discretionary trader who learned the hard way that I am not equipped to make good decisions in the market place without set rules to follow. I knew early on in my trading that there had to be a way to automate trading rules and succeed in the market place but I thought it was all too complex and that I was way out of my league. That was before I found Kevin Davey on YouTube.

Keep in mind, there are thousands of hucksters selling BS on YouTube but when I came across Kevin's videos it was like a breath of fresh air because I could tell he wasn't trying to sell some BS strategy that made him rich. He was explaining how to do what I always wanted, which was test for myself and see the results of my own strategy development.

So far I have been trading live for 4 months and I have achieved a net profit return that beats some of the markets best returns on an annual basis. I don't know if this will continue but I have never traded with such confidence before. I will say that algo trading, like discretionary trading, is not for the faint of heart but several times when I thought I was going to lose on a trade, the very next day I achieved new highs. If I was discretionary trading I probably would have pulled the plug to soon only to take an unnecessary loss. This happened sooo many times before!

For me, Kevin has been life changing and I can't wait to see what the future brings for my Strategy Factory.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to FastNCurious for this post:
 
(login for full post details)
  #41 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,096 since Dec 2013
Thanks: 3,405 given, 8,116 received

@FastNCurious, Cleveland in April? @vmodus will be there. If it's anything like the last one (Sep'17?) it will be like the Strategy Factory course on Steriods. Plus you get to meet me! (and also that Kevin guy who I have heard is an okay guy as well!)

Reply With Quote
The following 2 users say Thank You to SMCJB for this post:
 
(login for full post details)
  #42 (permalink)
 Tanvo 
Amsterdam Netherlands
 
Experience: Beginner
Platform: IB
Trading: ES
 
Posts: 10 since Oct 2020
Thanks: 18 given, 4 received

What are the costs and programme of workshop/meetup in cleveland?

Reply With Quote
 
(login for full post details)
  #43 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


Tanvo View Post
What are the costs and programme of workshop/meetup in cleveland?

Sending you a PM...

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #44 (permalink)
 FastNCurious 
saint louis MO
 
Experience: Intermediate
Platform: TradeStation
Trading: NQ, ES, YM, CL, GC
 
FastNCurious's Avatar
 
Posts: 119 since Oct 2017
Thanks: 77 given, 126 received


SMCJB View Post
@FastNCurious, Cleveland in April? @vmodus will be there. If it's anything like the last one (Sep'17?) it will be like the Strategy Factory course on Steriods. Plus you get to meet me! (and also that Kevin guy who I have heard is an okay guy as well!)

I will def be there. Its official. I am there the first week and I think @vmodus is coming the same week.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to FastNCurious for this post:
 
(login for full post details)
  #45 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,071 since Feb 2017
Thanks: 2,352 given, 2,237 received


SMCJB View Post
@FastNCurious, Cleveland in April? @vmodus will be there. If it's anything like the last one (Sep'17?) it will be like the Strategy Factory course on Steriods. Plus you get to meet me! (and also that Kevin guy who I have heard is an okay guy as well!)

Kevin? Never heard of him.

~vmodus

Enjoy everything!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to vmodus for this post:
 
(login for full post details)
  #46 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


vmodus View Post
Kevin? Never heard of him.

Maybe we'll take an FIO group photo!!!!

Follow me on Twitter Reply With Quote
The following 3 users say Thank You to kevinkdog for this post:
 
(login for full post details)
  #47 (permalink)
 FastNCurious 
saint louis MO
 
Experience: Intermediate
Platform: TradeStation
Trading: NQ, ES, YM, CL, GC
 
FastNCurious's Avatar
 
Posts: 119 since Oct 2017
Thanks: 77 given, 126 received


kevinkdog View Post
Maybe we'll take an FIO group photo!!!!

I'm sure we will!!! I'm pretty excited about it! It is going to be great! I'm still trying to find my own strategies to contribute to the club but I am very much a newb at this point.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to FastNCurious for this post:
 
(login for full post details)
  #48 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,071 since Feb 2017
Thanks: 2,352 given, 2,237 received


FastNCurious View Post
I'm sure we will!!! I'm pretty excited about it! It is going to be great! I'm still trying to find my own strategies to contribute to the club but I am very much a newb at this point.

As we tell the kids in sports: trust the process.

Have a great weekend!

~vmodus

Enjoy everything!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to vmodus for this post:
 
(login for full post details)
  #49 (permalink)
goodoboy
Houston
 
 
Posts: 208 since Dec 2016
Thanks: 122 given, 131 received

Hello Kevin,

I am reading your book now. I have a question for you please, if it is fair to ask please.

For your strategy factory course:

1. From your experience and other students experience, ideally what type of year/monthly returns can I possibly expect to receive using the course to building diversified algo systems? I know there are no guarantees, I am just asking so I honestly keep myself realistic on goals. Is my goals spreadsheet below ideal, too un realistic, too conservative?

2. Does you course adjust for traders as myself with $20K trading account balance? Maybe a small portfolio.

Thank you very much.

Attached Thumbnails
Click image for larger version

Name:	yearly goals.png
Views:	39
Size:	37.1 KB
ID:	311066  
Reply With Quote
The following 3 users say Thank You to goodoboy for this post:
 
(login for full post details)
  #50 (permalink)
 FastNCurious 
saint louis MO
 
Experience: Intermediate
Platform: TradeStation
Trading: NQ, ES, YM, CL, GC
 
FastNCurious's Avatar
 
Posts: 119 since Oct 2017
Thanks: 77 given, 126 received

I started with less than 20k and in less than one year I went way above my goal of 50% growth. I donít expect every year will be as easy as this last one but I am way more confident in the process and the strategies Iíve implemented. I would say only 1-2 are my own strategies I created. The rest are from the course and from the club bounties.

But I would say 50% growth in your algo trading account would be a good place to start. Maybe even less.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to FastNCurious for this post:
 
(login for full post details)
  #51 (permalink)
 kirkvan 
Edmonds, WA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage/Dorman
Trading: CME Futures
 
Posts: 36 since Nov 2013
Thanks: 86 given, 22 received


FastNCurious View Post
I started with less than 20k and in less than one year I went way above my goal of 50% growth. I donít expect every year will be as easy as this last one but I am way more confident in the process and the strategies Iíve implemented. I would say only 1-2 are my own strategies I created. The rest are from the course and from the club bounties.But I would say 50% growth in your algo trading account would be a good place to start. Maybe even less.

I see those results as quite an accomplishment. Congrats!

Reply With Quote
 
(login for full post details)
  #52 (permalink)
goodoboy
Houston
 
 
Posts: 208 since Dec 2016
Thanks: 122 given, 131 received


FastNCurious View Post
I started with less than 20k and in less than one year I went way above my goal of 50% growth. I donít expect every year will be as easy as this last one but I am way more confident in the process and the strategies Iíve implemented. I would say only 1-2 are my own strategies I created. The rest are from the course and from the club bounties.

But I would say 50% growth in your algo trading account would be a good place to start. Maybe even less.

Thank you so much FastNCurious for the response. I appreciate it.

Reply With Quote
 
(login for full post details)
  #53 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
Thanks: 1,598 given, 5,971 received


goodoboy View Post
Hello Kevin,

I am reading your book now. I have a question for you please, if it is fair to ask please.

For your strategy factory course:

1. From your experience and other students experience, ideally what type of year/monthly returns can I possibly expect to receive using the course to building diversified algo systems? I know there are no guarantees, I am just asking so I honestly keep myself realistic on goals. Is my goals spreadsheet below ideal, too un realistic, too conservative?

2. Does you course adjust for traders as myself with $20K trading account balance? Maybe a small portfolio.

Thank you very much.

Can't answer; could be considered self promotion. Sorry.

Follow me on Twitter Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
(login for full post details)
  #54 (permalink)
goodoboy
Houston
 
 
Posts: 208 since Dec 2016
Thanks: 122 given, 131 received


kevinkdog View Post
Can't answer; could be considered self promotion. Sorry.

Thank you for the response Kevin,

I understand and I do not want any trouble at all with anyone. Sorry if I caused any issues.

When you get some free time, no rush at all, can you please email. Take your time. Thank you.

Reply With Quote
 
(login for full post details)
  #55 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,071 since Feb 2017
Thanks: 2,352 given, 2,237 received


FastNCurious View Post
I started with less than 20k and in less than one year I went way above my goal of 50% growth. I donít expect every year will be as easy as this last one but I am way more confident in the process and the strategies Iíve implemented. I would say only 1-2 are my own strategies I created. The rest are from the course and from the club bounties.

But I would say 50% growth in your algo trading account would be a good place to start. Maybe even less.

This is very good to hear and thank you for sharing @FastNCurious .

@goodoboy , I expect certain % of growth and honestly would be happy with anything over 20%. My unofficial goal is 'beat the S&P 500'. My results are better than that, thanks to what I have learned from the Strategy Factory. The difficult part for some folks is sticking through a system during a drawdown. It takes discipline to not pull the plug. For example, I was seeing a large drawdown earlier this month in one system, which was within my expected drawdown parameters, but would have been painful if I let it get to me. I took all the signals and currently have a position that makes up those losses.

I don't want to discourage you, but 20k is a small account and it will limit what you can trade and your diversification, until you are able to grow your account. It can be done, as FastNCurious shares. If you take the course, I strongly recommend submitting strategies to the Strategy Factory Club. Having one winning system and receiving the awards and bounty have been a huge boost to my inventory of tradable systems and gives me the flexibility to style my portfolio to my risk tolerance and goal of diversity. It also does great things to your self-esteem to pass the 6 month incubation.

I will send you an email with some info that you may find useful.

~vmodus

Enjoy everything!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to vmodus for this post:
 
(login for full post details)
  #56 (permalink)
goodoboy
Houston
 
 
Posts: 208 since Dec 2016
Thanks: 122 given, 131 received


vmodus View Post
This is very good to hear and thank you for sharing @FastNCurious .

@goodoboy , I expect certain % of growth and honestly would be happy with anything over 20%. My unofficial goal is 'beat the S&P 500'. My results are better than that, thanks to what I have learned from the Strategy Factory. The difficult part for some folks is sticking through a system during a drawdown. It takes discipline to not pull the plug. For example, I was seeing a large drawdown earlier this month in one system, which was within my expected drawdown parameters, but would have been painful if I let it get to me. I took all the signals and currently have a position that makes up those losses.

I don't want to discourage you, but 20k is a small account and it will limit what you can trade and your diversification, until you are able to grow your account. It can be done, as FastNCurious shares. If you take the course, I strongly recommend submitting strategies to the Strategy Factory Club. Having one winning system and receiving the awards and bounty have been a huge boost to my inventory of tradable systems and gives me the flexibility to style my portfolio to my risk tolerance and goal of diversity. It also does great things to your self-esteem to pass the 6 month incubation.

I will send you an email with some info that you may find useful.

Thank you so much vmodus for taking time out your day to respond to me honestly. Yes, 20K is small, but I have to start somewhere and be happy about that until my account grows. Learning and having the right process is much better than having a bigger account size right now for me.

Thanks,

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > KJ Trading Systems Strategy Factory


Last Updated on March 29, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts