Ep. 1105: A Double Punch with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Power of Backtesting Software
After leaving the hedge fund industry I began discussions about consulting and managing some capital for aqueduct capital, a local proprietary trading firm. The authors contain the usual mixture of grizzled, ex-live traders and naive youths all day trading at half of the futures contracts. But the boss was particularly proud of his quantitative team which consisted of a couple of 20-somethings, toting PCs running off the shelf backtesting software package. He's only been here a month and he's already come up with 50 new trading rules that are profitable in backtest, he explained the boss.
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