Editorial Reviews. Review. “Following the Trend is an absolute must read for anyone with an Follow the Author. Andreas Clenow. + Follow. Andreas F. Clenow. ISBN: pages. January Following the Trend: Diversified Managed Futures Trading () cover. Andreas Clenow. · Rating details · ratings · 10 reviews. During bull and bear markets, there is a group of hedge funds and professional traders which.

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If however you are willing anvreas adapt and move to folllowing strategies, your chances will greatly improve. If you apply a standard trend following model on stocks, you will lose. In one particularly innovative chapter, Clenow creates close replications of some of the best and largest trendfollowing funds by combining his set of simple, non-optimized rules with variations in portfolio composition and volatility level.

Follow the trend is your friend. Only one instrument, holding for 1 day, 3 Curve fitted, to realize past performance is unreal due to diminishing returns.

During bull and bear markets, there is a group of hedge funds and professional traders ansreas have been consistently outperforming traditional investment strategies for the past 30 odd years.

Modelling strategies on equities properly require total return series and dividends details. I wouldn’t even try to argue that moving average strategies are dumb, and if so much funds use them it only shows what idiotic place we’re in where idiots “manage” money and pretend to be kings of the world. Inside the Black Box: I can assure you that real hedge funds are a little more sophisticated and are fully aware anreas the special situation in stocks.


Aaron rated it it was amazing May 15, That’s not an advisable course of action. Andrsas the short leg of your strategy. Steven Resman rated it really liked it Feb 25, Want to Read saving….

Andreas Clenow – Following the Trend

Classic trend following will fail on stocks. February 8, Premium followinh Comments 11, Views. The operative word here being ‘standard’. You need to analyze the total return series, trade the price series and have logic in place for how to handle the dividends when they come in. Most trading books skip over it. Trend following is all about following the price. Adapt your rules to reality and overlay satellite strategies where needed. Winning Strategies and Their Rationale.

Most people simply ignore the difficult parts and hope for the best. Don’t be fooled into thinking that you’ve got more diversification with 50 stocks than with After all, I do employ quantitative models based on trend following logic on single stocks in quite large scale myself in my business.


Wiley Trading

Please read our Privacy Policy. Momentum strategies provide a solution and a much higher success probability than trend following. At least it’s changing with diminishing returns. This should include, the Wiley title sand the specific portion of the content you wish to re-use e.

Some models that I’ve been using for many years produce very attractive returns on single stocks. You end up mainly trading beta anyhow. June 13, Articles 8 Comments 17, Views. As for the cousin, well, going on anecdotal evidence anything is possible.

There’s a good reason why most professionals who apply models similar to trend following to stocks call them momentum models. Grounded in verifiable evidence.

Curtis rated it liked it Jul 01, I do this for a living. I have no reason to say that something works or does not work, unless that’s based on experience and research. But complete in the sense of also addressing position sizing, psychological aspects and much of the practical minutiae.