Evolution Crude Oil uses a breakout strategy for day trading crude oil futures and aims to profit from strong intraday trends. All trades are closed by the end of the day session.
Evolution Gold gave back some earlier profits this month. See performance for previous months for comparison. Evolution Natural Gas had a small profit this month. We’re working on integrating live trading charts and testing Evolution Crude Oil for launch.
Stay tuned for a series of more detailed posts on what to expect when starting a trading system. In brief: Even for trading systems with short-term positions, it’s best to have a long-term mindset.
Returns for any single trade or a single month can vary positively or negatively. It may be more appropriate to consider larger periods of time, like quarterly or yearly performance. For example, we can see in the hypothetical historical performance reports that all 12 month periods are profitable, but several individual months are not.
No honest system developer would or should guarantee future performance from either hypothetical or actual past performance. These reports should simply be used as a guide for setting expectations on what may happen. Past performance is not necessarily indicative of future performance.
Please review the hypothetical performance disclaimer at the bottom of the page before making any investment decisions and consult your broker.
We were interviewed for the February issue of the Striker Report. Below is an excerpt from the interview.
Chris Degiere, Founder of Trading Technicians
Program(s) Developed: Evolution Gold Trading System
Interview Date: February, 2014
Interviewed by John F. Gallwas, Founder of Striker Securities, Inc.
Chris Degiere is the founder and principal of Trading Technicians, a Silicon Valley company that develops and markets futures trading systems. Chris is a software engineer and consultant with more than 17 years of experience in the technology and financial industries and has been an active trader and system developer since 2007.
John Gallwas: Tell us a little about yourself and what led you to starting Trading Technicians?
Chris Degiere: I’ve been interested in the financial markets since the dot-com bubble in the late 90s. A lot of money was made and lost during that period and I had my own naive part in it. After the bust I set out to learn all I could about alternative investment strategies to hopefully beat the next downturn.
Mechanical trading strategies and money management techniques were a great fit for me with my software automation and data engineering background. Being able to code seemed like a good advantage and I started building my own trading systems for TradeStation and scripting a lot of the discovery and testing process. Automated trade execution also freed up the time I’d otherwise be glued to charts during market hours so I could keep working on research and development projects.
It took a while before I made significant progress. I launched Trading Technicians mainly so I could lower the barrier to entry to alternative investment technology like this for others. Trading system development is difficult and time consuming and there’s so much emotional stress involved with active trading that I saw an opportunity to offer a valuable service to other traders and investors.
John Gallwas: As an active trader yourself, why would you want to sell your trading systems to other traders?
Chris Degiere: One of my original goals was to develop trading systems that worked well with small accounts. My private trading is still modest and geared more towards account growth so it’s not an immediate source of income for me. By keeping profits in the account I can better utilize position-sizing techniques to grow the account faster. Leasing my trading systems helps cover some of my costs so I can focus on research and development and trade to the fullest potential.
I think the Striker platform is also a great place to build a public track record, and accountability is a terrific motivator. Already I’ve met a lot of traders, investors, and experts in the industry that I might not have otherwise met if I had stayed private. By offering a service to the public I get to talk with people and learn from their experience and find out how to focus on what matters most.
What is autotrading or broker assist trading?
Trading Technicians develops automated trading systems for commodity futures trading.
Investors seeking diversification and exposure to short-term quantitative trading in commodities can have a trade-assist broker execute our automated trading systems for you.
You grant discretion to the assisting futures broker and they execute trading signals generated by our automated trading systems directly in your account.
What are the benefits of using a trade-assist broker?
Even fully automated trading systems require dedicated time and supervision during market hours. Many investors do not have the time to make sure every trading signal is followed and orders are properly filled. Even with the time it is often psychologically difficult to follow a trading system in an unbiased and disciplined way.
There are risks and costs associated with trading on your own that are often also overlooked. Futures brokers specializing in automated trading systems have already invested in technology and infrastructure for reliability to protect against hardware and software problems, network connectivity issues, and data feed errors that can plague active trading.
Many trade-assist brokers who execute automated trading systems also have direct exchange access and highly optimized order routing systems to improve execution speed and fills.
Trade-assist brokers also report accurate performance. Some trading system developers may only display hypothetical performance and not properly account for the real costs of futures trading such as slippage and commission. These brokers audit the live performance of automated trading systems and act as an additional level of verification to build confidence.
Finally the broker is an expert advisor and can discuss the benefits and risks of using automated trading systems for your specific financial situation. They can recommend an account size to best trade a system for your level of reward and risk tolerance.
How do I get started with automated trading systems?
You can subscribe to our automated trading systems for a small monthly fee or discounted quarterly or yearly fee. The assisting futures broker can help with an easy setup process. If you do not already have a supported account, they can help you fill out the forms and set one up.
After subscribing and account setup, a “letter of direction” is provided to the trade-assist broker granting them limited power of attorney to execute trades on your behalf. Once live, the trade-assist broker takes the upmost care to execute our automated trading systems faithfully and ensure that every signal generated by the system becomes a filled order as quickly as possible.
See the Evolution Gold Futures Trading System page for more information.
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