Jane Fox is a student on Larry Connors and has had success at adapting his mean reversion systems. Here’s some of her insights on how she made the system her own
I listened to the podcast she was featured in. I got the impression that she didn’t know of selection bias. When I tested Larry’s systems they all had a degree of selection bias in them.
Doesn’t mean they won’t work, but I much prefer your methods Nick
From their website. This should take care of the selection bias.
If there are more trades than the algorithms will allow, QiT uses a technology called “Slots” where each position in the portfolio is allocated a slot. All trades that fit the rules are sorted on their respective HV(100) and the trades with the higher HV will be put into a slot. This means we trade the more volatile stocks for research as shown us those to be the better candidates for trading.
From their website. This should take care of the selection bias.
If there are more trades than the algorithms will allow, QiT uses a technology called “Slots” where each position in the portfolio is allocated a slot. All trades that fit the rules are sorted on their respective HV(100) and the trades with the higher HV will be put into a slot. This means we trade the more volatile stocks for research as shown us those to be the better candidates for trading.
Last post on Twitter is 3 years ago.
I would say, like so many of these services, you can have the best system or analysis, but getting clients is a different skill set. Tony Sycamore was very similar – great coverage, very professional, but after 3 years he only had 4 paying clients.