About Trend Following Hacks: 10 Backtested Strategies Fully Revealed:
This value-filled introduction to trend following begins by explaining why the classic trend following approach has been a staple for retail traders and hedge fund managers alike.
The four typical trend phases—volatility contractions, breakouts, pullbacks and reversals, are then illustrated.
10 profitable trend following strategies, each targeting a specific trend phase mentioned above, will be explained in complete detail. For each strategy, the particular indicator/price pattern that forms the backbone of the strategy will first be introduced, covering its calculation and practical applications. Additional strategy elements, such as entry filters and exit conditions, will then be detailed. A precise 11-year backtest from January 2011 to December 2021 will be run for each strategy, illustrating its long-term historical profitability. At the end of the book, a link to download automated versions of all 10 strategies is provided.
The author proceeds to explain how curve fitting—one of the greatest pitfalls of strategy development—often occurs inadvertently, and offers five practical tips to minimize it.
Finally, the book concludes by introducing the benefits of automated trading, robustness testing and diversified portfolio trading. Links to the relevant strategy development software are included.
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Author Bio:
Weiheng is an independent trader and content creator at TradingTact.com.
Weiheng is on a mission to demystify the successful tools and techniques available to retail traders, empowering them to create efficient income streams.
If you want to learn to create your own strategy development workflow, or get new trading ideas, or even download free automated strategies, be sure to check out TradingTact.com!