The Northman Trader....

qlai said:
Seriously?

"We consider him a legend thanks to his stunning performance - a thirty-year track record (audited) of 41.6% compound returns."

https://www.businessinsider.com/interview-with-a-trading-legend-part-i-2011-3
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Yes, seriously, one of the biggest frauds. Read the links I posted. After 1996 he has only presented trading records for two years. The performance he claims is based on his own attestation and not verified by anyone. Biggest fraud. Ask @guruleaks1 in Twitter.
 
syswizard said:
This guy was last discussed about a year ago:
https://www.elitetrader.com/et/posts/4378628/
What bothers me is that he is so hung-up on this concept of mean-reversion using the 5 period EMA.
But he has no backtesting results and no actual trading results using his "concept".
How does he know the 5 period EMA is any better than the 7, 10, or 13 period EMA's ?
I mean at one point in time the concept looks good......but I think not in whipsawing markets....as there is definitely a trend component to this. Plus the fact that he does not account for or adjust for volatility makes me wonder.
https://northmantrader.com/2018/01/03/yearly-charts/?subscribe=success#blog_subscription-5
I'd love to backtest this thing, but what are the exact entry and exit rules ?
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It being a weekly chart and 5 period, would be 25ema on a daily, was/is he looking for time decay on options? I think too many traders have rigid definitions on how to use indicators or charting. "EMA(5)" can be seen as S/R,(buy the EMA when EMA is rising or 62% pullback) EMA(5) used as charting pattern like Dec 2015 completing H&S on indicator itself whereas price does not define same-so divergence occurs in a different way. Megaphone pattern(breakout entries often lose) on price ending in June 2016, yet on EMA showing higher H/L. "Freebars" price bars not touching EMA is clear indication in few bars can expect reversal or pullback. The angle of the EMA compared to the angles of price bars can be similar to a spread or an additional indicator to show volatility. I rather use Bollinger's and price reversal patterns for reversion to the mean. "ATR" works well or simply 4 of 6 outside/below recent price action to show "ATR". When EMA cutting through bars then buy low/sell high but go with trend of one bar ago. So like if one bar ago EMA sloping down, take todays low and past 1-3 day's highest high and sell at 62% retracement. When bunching of lows/highs/closes, can expect possible reversals.

Instead of using someone's rules of entry, just easier to develop one's own. More often this is done, one better understands what works and what does not. As one develops more skills, you can develop a dozen different kinds of signals. Test and keep the best and shelve the rest.
 
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