I am a long time lurker of forexfactory.com but finally took the plunge to create an account and take part. There is not a lot of quantitative talk on the message boards, more centered around chart analysis so never felt I would be any help.
I consider myself a Quantitative Trader and have been doing that style of trading for about 7 years. (Prior to that I was chart based and did that off and on for about 11 years)
A lot of people feel that Quantitative analysis involves computer programming, sophisticated back-testing software, complicated formulas, etc. but in reality, it can be done with Microsoft Excel and historical data. Those two things and a knowledge of Excel can help anyone test theories/ideas and see how those theories have held up for particular periods of time.
What is Quantitative trading according to investopedia.com
Quantitative trading consists of trading strategies based on quantitative analysis, which rely on mathematical computations and number crunching to identify trading opportunities.
I do not want to make too long of a first post but do want to cover a few goals I have for my journal.
#1 Offer up some alternative ways to trade that I feel are more clear and concise
#2 Share some alternative portfolio/trading analysis above what is shown in the forexfactory trade report analysis
#3 Share thoughts and ideas that got me to the point I am in my trading today (basically what I have discovered over the last 7 years)
#4 Show how easy it is to utilize excel even for those who have not even opened up the application on their computer
#5 Showing how keeping it simple is most of the time the best route. Too complicated of a system in the Quantitative world for the individual is a recipe for disaster in my opinion. The extremely complicated methods of the big Quant firms, like Renaissance Technologies, are being developed and maintained by the best of the best PhDs from MIT, Princeton, etc. Know your limitations.
What you will not get from me
#1 Great Excel skills - I keep my excel sheets simple and idiot proof. The moments I tried to get too complicated with my formulas were the moments I screwed up my trading
#2 Programming - Can't do it. Tried to learn it. Wasted two weeks of my life when I could have dedicated it to analyzing Excel sheets.
#3 Great Statistical skills. The threads here that I have been drawn to in the past have all been statistical driven. I use statistics but my level of knowledge is so much lower than some of the very smart folks here who use stats.
Hope everyone has a great trading day
I consider myself a Quantitative Trader and have been doing that style of trading for about 7 years. (Prior to that I was chart based and did that off and on for about 11 years)
A lot of people feel that Quantitative analysis involves computer programming, sophisticated back-testing software, complicated formulas, etc. but in reality, it can be done with Microsoft Excel and historical data. Those two things and a knowledge of Excel can help anyone test theories/ideas and see how those theories have held up for particular periods of time.
What is Quantitative trading according to investopedia.com
Quantitative trading consists of trading strategies based on quantitative analysis, which rely on mathematical computations and number crunching to identify trading opportunities.
I do not want to make too long of a first post but do want to cover a few goals I have for my journal.
#1 Offer up some alternative ways to trade that I feel are more clear and concise
#2 Share some alternative portfolio/trading analysis above what is shown in the forexfactory trade report analysis
#3 Share thoughts and ideas that got me to the point I am in my trading today (basically what I have discovered over the last 7 years)
#4 Show how easy it is to utilize excel even for those who have not even opened up the application on their computer
#5 Showing how keeping it simple is most of the time the best route. Too complicated of a system in the Quantitative world for the individual is a recipe for disaster in my opinion. The extremely complicated methods of the big Quant firms, like Renaissance Technologies, are being developed and maintained by the best of the best PhDs from MIT, Princeton, etc. Know your limitations.
What you will not get from me
#1 Great Excel skills - I keep my excel sheets simple and idiot proof. The moments I tried to get too complicated with my formulas were the moments I screwed up my trading
#2 Programming - Can't do it. Tried to learn it. Wasted two weeks of my life when I could have dedicated it to analyzing Excel sheets.
#3 Great Statistical skills. The threads here that I have been drawn to in the past have all been statistical driven. I use statistics but my level of knowledge is so much lower than some of the very smart folks here who use stats.
Hope everyone has a great trading day
Model 3 All Time Pips:
-464