Kind of strategy: technical, mixed
Timeframe: h1 and higher
Entry rule: candlestick patterns, momentum indicators, mean reverting indicators
Exit rule: candlestick patterns, fixed stops and fixed targets
Risk management: 0.01 every 800€ ; 1 trade per market
Portfolio: 5-10 markets (forex)
Kind of strategy: technical, mixed
The main difference from LSC and KVL is that CVL is more diversified.
It is multistrategy and multitimeframe not only multiasset.
So I want to give more details about the portfolio.
EURUSD : patterns
EURJPY : patterns
AUDUSD : patterns
GBPUSD : patterns
EURCAD : patterns
USDJPY : momentum
GBPJPY : momentum
USDCAD : mean reversion
EURAUD : mean reversion
For the patterns strategy also the exit is with patterns.
For momentum and mean reverting the exit is with SL and TP.
My initial intention was to wait one year of trackrecord but it will happen at Easter so I anticipated by one week.
The fist complete year of trackrecord has been celebrated with the first Darwinia allocation:
I am very happy to have 3 competitive uncorrelated darwins.
Unfortunatelly the allocation is not full, 50k/90k but it is my fault, I had to start upscaling before.
The upscaling process has taken the whole month to 4500 but min equity at the beginning was only 2400 .
Curent DD is really disappointing but IMO there is nothing to change to the portfolio:
The DD is due to internal correlation, no clear losers to remove.
The performance of the darwin is worse than the strategy, this is due to a drop of VaR.
I am doing my best to keep VaR stable but it is not so easy especially for systems with trades lasting many days.
Agree. Var is a difficult beast to contend with, when it goes lower.
There is an impressive difference from RS 8 an RS 9 , with 9 the risk manager is much more efficient.
WOW -27% in one calendar month…
This is a record I wasn’t looking for…
If I had understood well, CLV is a trend follower algo right? If so, how it did perform during this big trend down in GBP USD ? (just in this pair, this month)
The strategy running on GBPUSD is not a trend follower but patterns.
GBPJPY is a trenfollower and performed bad.
All the algos, working with different markets, different setups and timeframes decided to go south this month…
This is CVL that has essentially no investors.
Above you can read the detailed explaination of the DD.
No casinò just unexpected internal correlation.
Yes, CVL had a few investors and still has, so because they are not many you don´t care about them?
LSC has lost 9%, 8% and 21% in May, June and July…and also has investors. This is the third year in a row with negative results.
And KVL is not much better than the other two.
Investors don´t live out of explanations (everybody can offer explanations and excuses for poor performance), they invest to make money no to hear excuses.
When your results match your words, then you´ll gain my respect as a trader, in the meantime you should be way more humble, and of course respect more the work of your colleages, even if you don´t like their work.
It is me and my friend @forexelate (darwins PFI PFD PFQ ) on 2 different porfolios, 1+2=3 .
We work together since many years.
My trading match my rules and I am 100% consistent to my declared strategy.
You confuse return with credibility.
this is a disappointed investor…
Change the rules, they are nor working.
When you have your mouth full of words like robustness, consistency, rules, long term results, etc…and after 3 years your Darwins have negative results, obviously your darwins are not consistent, not robust, no long term results, nothing, no edge.
The ONLY thing that matter here (for traders and investors) is MONEY. Everything else is bull crap.
I prefer people like Outsidethebox who admit to be an aggressive traders instead who has those nice words about robustness, consistency, long term results, blah, blah, blah…but it is just words no results. At least who invest in Outsidethebox know what is investing at, no surprises.
So, you have lost any credibility you had left. Of course, this is my opinion, and I´ll change my mind when you prove with results (no nice words) that you know what you are doing.
When the picture will be more complete I will remove the losing components.
This CVL Darwin is quite a sight. Like honestly, how can you define that as good trading? Or better said, how can you spout off all over the place professing your advice and God-like instructions, when you have made so little profit or even losses? None of my three Darwins, as was pointed out above, are even close to breakeven, and they have quite lengthly track records.
And you confuse your strategy with “a good strategy leading to positive returns”
Thanks. I don’t get many positive comments these days.
It is nice to have one every now and then.
Time to not look back and run my three strategies so that people don’t have so many complaints… although I have learnt the hard way that as a fund manager you will always have either:
- jealous people
- people who are good at telling you what they think you should do
- good investors who stay silent
- investors who don’t practice healthy investing maxims like not jumping ship when a strategy approaches its max drawdown or not adding to their investments in a good strategy that has a bad month or period
Maybe I am not profitable but I do what I say, that is credibility.
Conservative risk and conservative claims, drawdown will be recoverd following a defined strategy.