The Importance of Simple Rules in Trading

Nicolaus Mills: The simpler systems are usually the better ones. Why add complexity if you don't get paid for it? Sure. You have to get paid a lot to add complexity. Otherwise, the complexity is not worth having there. It's much less likely to work because it's probably just over optimized use. If yesterday's price is high than it was a year ago, then we go long. Not because short. And on a diversified basket of futures,. So this is something that would similar demonstrate in the set, maybe a more classical way of doing trend following.

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