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Ep. 653: Alexander Elder Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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Robustness: The Blind Spot for Smart People

I'm always struck that smart people, when they first start to think about trend following or systems trading, get this idea in their head of, OK, an indicator says to do this at level this. If 11 works and 12 doesn't, well, you're using your own method, toss it out the window, look for a new one. It's like driving a car: You can drive some 15-year-old Buick; as long as you know how to drive, you will drive them all about the same good. Why? Because of your personal skill. And this idea, this idea that if you only create a perfect system, the market will open up and start trading

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