This is a summary of links featured on Quantocracy on Friday, 12/25/2015. To see our most recent links, visit the Quant Mashup. Read on readers!
Build Better Strategies! Part 2: Model-Based Systems [Financial Hacker]Trading systems come in two flavors: model-based and data-mining. This article deals with model based strategies. The algorithms are often astoundingly simple, but properly developing them has its difficulties and pitfalls (otherwise anyone would be doing it). Even a significant market inefficiency gives a system only a relatively small edge. A little mistake can turn a winning strategy into a