ALGO TRADING CHEAT CODES: Techniques For Traders To Quickly And Efficiently Develop Better Algorithmic Trading Systems by Davey Kevin

Author:Davey, Kevin [Davey, Kevin]
Language: eng
Format: epub
Published: 2021-05-05T16:00:00+00:00

Figure 32 - Successfully Catching This Trend Is Easy - Right?

Market Wizard Dr. Van Tharp (whom I learned a lot from, and whom I usually agree with) breaks down markets into 3 phases:

Bull Market

Bear Market

Flat Market

And within each market type, he defines 2 main characteristics:

Volatile Market

Non-Volatile Market

Figure 33 - Volatile and Non-Volatile Market Regimes

So, when you take all the combinations, you have 6 unique market types. Makes sense.

The theory behind all these market types is this:

Just find out what type of market you are in, and then simply trade a system that is best suited for that market. Sounds easy, doesn’t it?

Sadly, reality (from what I’ve found) is not that simple. Referring back to my party story, it would be similar to getting a party invitation, but without a start or end time, or even a date. Arrive too early, and you’ll be bored waiting for others. Arrive too late, and maybe most of the fun has already occurred before you got there!

Worst case, you miss the party completely - not a good thing. Same thing on the back end. Stay too long, or leave too early, and chances are you’ll miss something entertaining.

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