005 Kevin Davey discusses system development, the best systems, backtesting and more [AUDIO ONLY]

[@LukaszAdams]

10:50 what factors you consider to develop the system, 19:00 what metrics you use to charge the perfomence results , 21:38 monkey test , simple system work better,

[@paulojustinianookubo]

He make it sound so symple to back testing and I am having such a hard time building my strategy

[@Jarnold01]

So his system consists out of an algorithm with indicators?

[@BetterSystemTraderPodcast]

Hey T- yup, it's algo trading.

[@jack_sparrow1049]

notes:- 1. Establish some goals and objectives 2. Choose a market 3. get some trading ideas validate them - monkey test , randomness to validate the idea is worthit or not 4. keep it simple [ Find the simplest solution possible] 5. set a schedule for reoptimizing 6. Monte carlo simulation 7. don't get emotionally attached to the system 8. Develop trading system that support the end goal 9. Keep going until you develop something Trading is the hardest way to make easy money - Kevin Davey

[@BetterSystemTraderPodcast]

good notes, thanks jack

[@Bobylly]

Thanks!