Melbourne - Thursday 14th July at 5:15pm for 6:00pm
Date: Thursday, July 14, 2016 At 18:00
Duration: 2 Hours
4:30 to 5:50pm: Networking - Coopers Inn
282 Exhibition Street (corner of Little Lonsdale Street (maybe in the upstairs function room).
Drinks will be subsidised so make sure to collect a drinks ticket from a committee member at the door (note new start time).
5:45pm onwards at the Telstra Conference Centre
Level 1, 242 Exhibition Street, Melbourne (Corner Exhibition and Lonsdale Streets).
Enter from the corner of Lonsdale Street, and head up the escalator, or via the internal plaza from the rear of Coopers Inn. Parliament railway station is not far away.
Possible car parking options
Secure Parking 59 Lonsdale Street
Wilson Parking 150 Lonsdale Street
Wesley Uniting Church (JM Car Parks) 140 Lonsdale Street.
Visitors are welcome. First visit is free, subsequent visits $40. Membership is encouraged.
5:30pm: Telstra Conference Centre
Sale of Dinner - with-drink Tickets $25. Please pay by cash.
6:00 pm Member Speaker: David Coe – IT Engineer and Trader
Topic: The March of Trading Technology - from the Desktop PC to a powerful Smart Phone in Your Hand
Trading technology has evolved from the preserve of stockbrokers and major trading institutions with their large trading rooms, to a wide range of cost-effective applications running on home PCs and laptops, through to now a myriad of applications for today's smart phones and tablets.
Relatively low cost 3G and 4G services and quite common Wi-Fi data services have made trading on mobile platforms a worldwide phenomenon. This presentation will review what has driven some of this change and sample a few application options which are available on most Smart Phones.
David Coe developed an interest in Bonds/Shares in 1977 (whilst in United Kingdom) and later bought Shares/Stocks, initially via employee share plans and then obtained long dated Options via employee share plans. David discovered the ATAA after seeing an ATAA conference advertisement in The Age Green Guide in 2003. In 2007 he became a trader in the FCT Group.
David has been a private Investment and Futures trader using CQG, WebIRESS and Ninjatrader. David holds a Honors Degree in Electrical Engineering from the University of Canterbury.
6:40 Break (and last minute dinner orders)
6.45pm: Member Speaker – Alan Clement - Independent Trader and Trading Strategy Developer
Topic: Trading Strategy Development in Practice
How do we know if any particular set of trading rules are better than any others? How do we know what sort of metrics our own discretionary system produces? How do we know the effect of adding a stop loss or a profit target to a system? The only way to answer these questions is to test our ideas against a long-term price history of the market we are intending to trade. This will produce metrics for return, drawdown, expectancy, trade frequency and win rate - giving us expectations of what the strategy is capable of before we throw real money at it. Of course many traders and investors think this process is difficult to master and that you need to be some sort of computer whiz to achieve it. In this practical presentation with a difference, Alan will seek to dispel this myth and show, with real world examples, that this can be achieved by most of us with just basic computer skills.
He'll take a basic set of rules and demonstrate in real time on the screen, how rules can be translated into instructions that back-testing software can understand. He'll generate the metrics of the system and then refine it by adding additional filters and various entry and exit rules. This will be your chance to participate and add your own additional rules to try, thereby influencing the final outcome of the system. We will then see, with each iteration, what the effects these additional rules have on the system performance.
This interactive workshop-style of presentation will be something different and will provide an interesting insight into the life of a quantitative system developer. It may even inspire you to learn the art of back-testing for yourself!
Alan Clement is a trading strategy designer and independent trader with 25 years’ experience in the financial industry. Following a successful professional career in both investment management and investment banking, he now manages his own independent trading business. His main focus is in the design and development of quantitative trading systems that trade on multiple markets. He also provides development services, consultancy and training in quantitative methods to private and institutional traders and investors. Alan is an IFTA Certified Financial Technician (CFTe), Australian Technical Analysts Association Councillor and occasional contributor to Quantocracy. His market analysis, selected trading strategies and details of his system development training programme can be found at www.helixtrader.com You can also contact Alan directly at firstname.lastname@example.org
8.15 pm: Dinner and more networking: Coopers Inn, 282 Exhibition Street.
Please note minor changes with the new networking/dinner venue: $25 for a main course and one drink (tap beer, house wine or soft drink). Please order dinner before the meeting in the normal way (after 5:30pm at our own Dinner Desk in the Telstra Conference Centre).
Further information: Paul Ash - Victorian ATAA Council President
Phone: 03 8804 1726 (AH) or 0414 836 063
Next meeting: 11th August 2016
Next speaker: Tolly Sakellariou
Future meetings: Generally on the second Thursday of the month.