Is Tom Hougaard the real deal?

TrAndy2022 said:
Sorry but you seem not that much experienced. Your ORB strat is mediocre for me, because the Sharpe is only about 1.2. I would not call this a strat where you can make consistent profits. I would call a strat higher Sharpe > 3 as such. Because on a Sharpe 1 strat you need many years to compound your profits to get really rich from.
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Not a good strat only mediocre, with Sharpe around 1.2. That is what I meant on Toms his strats. He was lucky in those few years where he could make 2000% returns per anno, which is not possible with the strat above (if you trade fully systematic).
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My Sharpe is < 1 yet I am doing just fine in the last decade and a half with a CAGR > CAGR of QQQ.

With a Sharpe of > 3, you can easily be a billionaire by now? Are you? Just curious.
 
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Laissez Faire said:
Money management on it's own is not an edge and moving your SL to breakeven quickly is generally not a good idea as you'll often get stopped out of a good entry and may have to chase the market leading to a worse price with more risk. If you know what you're doing (which you should), you need to hold your positions with confidence all the way to your target.

From what little I've seen of this guy and from the results he's posted (inconsistent), it's possible he's just gotten lucky (and unlucky afterwards) or that his strategy works only for a very narrow set of market conditions. Overall, his stuff seems like basic retail stuff.

The stuff on money management seems solid enough, though, i.e., never average a loser, cut losses and add to winners. To trade profitably directionally, you need to know a bit more of course.

If his followers are disappointed or mad because he didn't deliver, that's on them. The idea of just following a guy's calls hoping to get rich seems ridiculous to me.
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I meant to ask you and Noah, after observing him all these years, are you able to figure out how and what method he trades, i.e., does he use indicators, etc.?

Thanks for your time sir.
 
ironchef said:
My Sharpe is < 1 yet I am doing just fine in the last decade and a half with a CAGR > CAGR of QQQ.

With a Sharpe of > 3, you can easily be a billionaire by now? Are you? Just curious.
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No there is no such strategy holding on for more than just a few months. I was lucky while I traded for a real hedge fund remotely apart from my other prop firm activities. There is no such fine strategy at all. Sharpe 1 strats there are some and widely known too. But do not expect to make more than 20% per year with 20% max. Drawdown too.

And he, Tom, is just trading some pattern stuff. ORB is one of his US markets strat. The other on EU markets is kind of mean reverting. Just watch his latest youtube live videos and you know all your answers to your questions.
 
TrAndy2022 said:
No there is no such strategy holding on for more than just a few months. I was lucky while I traded for a real hedge fund remotely apart from my other prop firm activities. There is no such fine strategy at all. Sharpe 1 strats there are some and widely known too. But do not expect to make more than 20% per year with 20% max. Drawdown too.

And he, Tom, is just trading some pattern stuff. ORB is one of his US markets strat. The other on EU markets is kind of mean reverting. Just watch his latest youtube live videos and you know all your answers to your questions.
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ORB looked very impressive. Was it real time or backtest data?

And what is ORB?

Thanks
 
ironchef said:
It is OK and more power to him if he can get funding from a pro firm.

With a Sharpe of >3, he should be able to quickly use his profits to start trading on his own.

Not too many are able to trade their own funds, especially those just starting out.
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You think anyone with experience trading for hedge fund or has strats of sharpe >3 for even few months need retail prop firms like FTMO? So like you said, that person is either a noob or blew up so much.
 
ironchef said:
It is OK and more power to him if he can get funding from a pro firm.

With a Sharpe of >3, he should be able to quickly use his profits to start trading on his own.

Not too many are able to trade their own funds, especially those just starting out.
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I do not trade with prop firms anymore and I also left the hedge fund. I just trade my own personal account.

Again there are no high sharpe strategies going forward or when traded live. You can be lucky for a few months but usually this is just an eye wash and data snooping bias. That is why I concentrate on discretionary trading. And yes Money Management itself is an advantage. Trailing your SL and scaling in itself produces an edge because you minimize risks while you can maximize profits when you are just correct on market direction.

Also I think the prop firm era is over. It can be cheated meaning it can be arbitraged. For profitable traders on personal broker accounts the advantage on such prop firms are gone. There is no big money to be made here from. These days are over. Most prop firms are just scam artists, when it comes to payout day. They will refuse to pay you, your hard earned trading profits with ridiculous reasons. I made same experience here. That is why I left.
 
hilmy83 said:
You think anyone with experience trading for hedge fund or has strats of sharpe >3 for even few months need retail prop firms like FTMO? So like you said, that person is either a noob or blew up so much.
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You have narrowed view, I was just making some extra money kind of risk free for me as I had profitable strategy. Also the hedge fund was small and they did not allow me much assets to trade with. So I boosted my monthly trading income with additional prop firms. That is all.

You are too negative. I hope your trading is fine actually ?.
 
ironchef said:
ORB looked very impressive. Was it real time or backtest data?

And what is ORB?

Thanks
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Just look at the link here in this thread, there is all you need. And yes it is only backtest here. You cannot be sure it will go forward as backtested, as always. You can also have 2 years no profits with this kind of strategy. Just as reminder.
 
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