Owl Bundle User Group Quarterly Update - Q1 2024

by Philp Wu in collaboration with Griffin Cooper, Dr Ken Long, and Chris White

We are delighted to share with you our latest developments and accomplishments within our Owl Bundle User Group.

Objectives:

Our study group is focused on developing various Swing trading strategies, aiming to achieve better risk-adjusted returns than SPY buy and hold. We understand the importance of diversification and risk management, so our approach involves customizing strategies to adapt to different market conditions to minimize risk and maximize profits.

Our Unique Approach:

What differentiates our study group is the development of Swing trading systems based on Dr. Ken Long's strategies and techniques. By leveraging the powerful EdgeRater tool, we are investigating enhanced strategies aligned with Dr. Long's principles. This focus is intended to empower our members with skills in systematic trading.

Progress Update:

Since our last update, significant progress has been achieved. Our sessions have been dedicated to mastering the effective utilization of EdgeRater, enhancing our infrastructure of indicators and tools based on Dr Ken Long’s techniques. Through comprehensive tutorials and interactive exercises, our members learned new skills in strategy development, parameter optimization, and risk management.

Systematic Approach:

Our journey follows a structured 12-step process, ensuring thorough analysis and continuous improvements:

Initial Backtesting: Evaluate overall strategy performance.

Multifactor Analysis: Understand strategy performance across various conditions.

Entry Strategy Development: Tailor entry strategies to specific conditions.

Parameter Optimization: Fine-tune entry parameters.

Exit Strategy Development: Refine exit strategies for optimal results.

Risk Management and Position Sizing Optimization: Enhance risk management techniques.

Monte Carlo Analysis: Assess strategy robustness under various scenarios.

Further Optimization and Refinement: Continuously fine-tune strategies.

Correlation Analysis between Strategies: Analyze strategy relationships for diversification.

Deployment and Monitoring (Incubation Period): Implement strategies in simulated environments.

Deployment and Monitoring (Live Trading): Transition to live trading with real capital.

Monitoring and Capital Allocation: Continuously adjust strategies based on performance.

Currently, we are applying these steps to Dr Ken Long’s Mechanical Swing Systems, with a specific focus on developing exit strategies.

Collaboration and Support:

A cornerstone of our success is the collaborative partnership of Dr Ken Long’s Owl Group with EdgeRater. The combined expertise has proven invaluable, enabling us to fully leverage refine strategies with increased confidence.

Join Us on Our Journey:

Our members are all students of Dr Ken Long’s trading methodologies as taught in our Applied Systems Development course. In the Owl Bundle User Group, our focus to a systematic approach ensures that each step is guided by detailed analysis and continuous improvement. We meet weekly via Zoom on Sunday evenings, and our sessions are recorded. Please contact us if you have questions at admin.support@ablewaytech.com. Join us as we navigate the path to trading success together! This is a recording of one of our user group meetings: Link

We extend a warm welcome for interested traders to join our Owl Bundle User Group.

Happy Trading!