Ep. 134: Robert Carver on How To Build Successful Trading Strategies
- By Bilal Hafeez
- 1 min read
Robert is a systematic futures trader, writer, and researcher. He is the author of several books on systematic trading including ‘Systematic Trading: A unique new method for designing trading and investing systems’ and the upcoming ‘Advanced Futures Trading Strategies’. Before becoming independent, Robert worked for AHL, one of the leading systematic hedge funds, which is part of the Man Group. He was responsible for the creation of AHL’s fundamental global macro strategy, and then managed the funds multi-billion dollar fixed income portfolio. In this podcast we discuss:
- Systematic vs discretionary trading
- How to avoid overfitting and better back-tests
- Which frequency of trading works best?
- The importance of trading costs
- Why to use futures
- The problem of leverage
- The statistics of building models
- Momentum strategies
- Carry strategies
- Mean reversion/value strategies
- Sharpe ratios and skew
- The difference between trading at an institution vs on your own
- Whether one should use ETFs and smart beta strategies
- Books mentioned: Liar’s Poker (Lewis), The Predictors (Bass), Fear Index (Harris)
You can learn more about Robert’s books and research here.
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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)