Video review of "Developing a Multiple-Strategy Trading Program"

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Most traders attempt to find the single most robust trading strategy possible by looking for one set of rules or one trading technique which works over the entire history of the market. Such systems do not take into consideration the fact that price shocks can quickly turn a quiet, sideways market into a very volatile and highly discretionary one.

A system that works in a sideways market will probably not work in a volatile one, and vice versa. While discretionary traders can adapt instantly, disciplined systematic traders are often caught in a time lag before their formulas can catch up to the new market profile.

In this workshop, Perry Kaufman shows you how to create a multi-strategy approach that can switch rules, strategies, and techniques automatically (or even get you out of the market altogether during some periods) depending upon events in the market which can cause unpredictable price shocks. Perry explains how these price shocks can skew the results of many trading systems, allowing them to show unreasonably high profits or unreasonably low risk. Using these new principles, Perry guides you through the process of developing the tools you need to create your own programs. He shows you how to apply them to a short-term trading system. Perry uses extensive TradeStationTM examples. He provides you with code, which you can easily modify for use with other software packages.

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