In partnership with:
CME Group

59 The Systematic Investor Series – October 29th, 2019

On the show today, we cover some of the dangers of investing in something based on its story alone, how market environments can change while the behaviour of participants stays the same, why Trend Followers rely on secret fundamental information being baked into price, the importance of avoiding Outcome Bias,  how cockroaches behave in ways that should be the basis of any robust Trading System, and Niels explains how to use the Top Traders Unplugged Trend Barometer.  Questions we answer this week include: Do you prefer simple or exponential Moving Averages? Should you use the closing price or the settlement price? Do you measure ATR from the closing price or settlement price?  How would you best illustrate trend strength over particular periods of time?

If any listeners would like to leave us a voicemail message to play on the show, you can do so here.

Learn more about the free-to-use Top Traders Unplugged Trend Barometer here.

You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting

Get a free copy of my latest book "The Many Flavors of Trend Following" here.

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@TopTradersLive, @RJparkerjr09 and @MoritzSeibert

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Episode Summary

0:00 - Intro
0:50 - Live event recap
6:00 - Macro recap from Niels
9:55 - Weekly review of returns
12:45 Niels describes his trend indicator
16:40Top tweets
34:55Questions 1/2: Scott; Do you prefer a specific type of moving average? Do you use settlement or last trade in your models?
38:50Question 3: Carl; Do you calculate ATR using the closing price (versus entry price)?
40:30Question 4: Nathan; How do you articulate the current volatility environment versus history?
50:00Performance recap
51:40More live event comments

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