Visitors are welcome. First visit free, subsequent visits $40.
9:30 am–9:45 am: Welcome and Introduction
9:50 am–12:00: Three Huddle Groups
The aim of the huddles is to allow members to gather together for an informal, but useful and constructive, discussion about a topic of mutual interest. Each huddle will have a facilitator to coordinate the discussion and encourage everyone to contribute and learn from each other’s experiences.
There will be 3 huddle groups to choose from; the topics and facilitators being:
>Entry & Exits and Trade Management - Jerry Bongard
>Candlestick Price Action – Greg Rowbottom
>Ichimoku Kinko Hyo (Ichimoku Cloud) – Bobby Pawagi
The plan is to have at least one rotation so members can attend two of the huddles.
12:00–1:00 pm: Lunch
1:00 – 2:10 pm: Market Analysis & Selected Charts Patterns – Tim Young
The Traders’ Equation of Reward & Risk is well known but Al Brooks says in his book - ‘Reading Price Action Bar by Bar’ - most traders leave out the probability of success of a trade. In this session an extract of a podcast of his explanation on this point will be played.
To expand on how to find the probability of a pattern, examples will be taken from Thomas Bulkowski’s book ‘Encyclopedia of Chart Patterns’ wherein he gives his statistical analysis of over 40 patterns.
2:10 pm–3:20 pm: Backtesting and Forwardtesting – Tim Young
Futures Magazine, January 2012, contained an article by Jean Folger titled ‘Back vs. forward testing: Test twice (or more), trade once’ wherein she made the following point:
‘Traders eager to begin trading in a live market frequently make the mistake of relying exclusively on backtesting results to evaluate a system’s potential. Backtesting, which refers to the testing of a trading idea on historical data to verify how a system would have performed during a particular time period, can produce misleading results. It’s important to have a more complete approach to trading system evaluation.
Because backtesting is only part of a proper evaluation process, focusing on backtesting results alone can lead a trader to believe he or she has a rock-star trading system when, in fact, the system may perform poorly in other phases of testing and, eventually, during live trading. Finding positive correlation between backtesting results and other phases of testing, including out-of-sample and forward performance testing, is vital in accurately assessing the viability of a trading system’.
This presentation will consist of videos covering the aspects of testing as well as an example of a simple backtest in the Amibroker charting software.
There is a lot of information about this topic on the Internet-of-Things and the following site is one containing some useful tips – www.tradingheroes.com.
3:30 pm: Meeting Close
Next meeting: Sat, 11 Aug 2018 9:30 am - 3:30 pm
Next Meeting Venue: Community Meeting Room 2, Logan Central Library, 26 Wilbur Street, Logan Central, Logan City QLD 4114
Next speaker: To Be Advised
Future meetings: Generally of the second Saturday of each month.
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