Thursday, August 08, 2013

Our small world wide web of trend followers

I am delighted to note that our small band of committed, trend following traders is starting to reach all corners of the globe. With members already in the UK, mainland Europe and North America, we had our first trader from Australia join the mentoring programme earlier this week.

Of course, a robust trend following method can be applied to any market in any part of the world. In developing the system, I have been careful to avoid any form of optimisation - I want to use the hardiest method, not necessarily the optimal method. As Larry Hite said in Market Wizards "It's amazing how rich you can get by not being perfect".

A lot of people think that trend following is old hat, or too simple to work in the modern markets - that's fine. Quite often, those people will be taking the other side of our trades. And when we lose (which is often!) good risk control will ensure that our losses are kept to a minimum. The proof is in the pudding, as the results here show.

The general consensus among the traders following the system is they like its simplicity and effectiveness, when applied with good risk control. This allows them to look at the markets and its movements objectively, to avoid making predictions or trying to pick tops or bottoms, and to participate fully without being wedded to their computer. When this is all added up, it culminates with the essential end result - profit!

If this appeals to you, then go here.

To see what others have said, please go to the testimonials page.

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