CTA strategy digital currency

1.

CTA strategy is called commodity trading advisory strategy, also known as managed futures. Commodity trading consultants predict the trend of commodities and other investment targets, and conct long, short or long short two-way investment operations in the investment through derivatives such as futures and options, so as to obtain investment returns from traditional stocks, bonds and other asset classes for investors

Trend trading is to eliminate market noise through a large number of indicators, set trading system, judge the current market trend, and then establish positions, and the critical points of adjusting positions are specified by specific computer algorithms. The reason why trend trading of CTA strategy is successful is not only because investors believe that the market is not so effective, but also because they observe that there is a trend in the market

the impact of the event will lead to the rapid rise of the value of the subject matter in the short term, but the price will take a period of time to rise, and then the price may continue to rise beyond its value. In the meantime, the trend following strategy can buy and make a profit

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CTA strategy research method: analyze the volume and price data of a single variety in history, including opening price, closing price, highest price, lowest price, trading volume and position, extract the law of probability advantage, which is the factor or strategy in the common sense, And this rule is implemented with code, and it is assumed that this kind of rule will still exist in the future

At last, this kind of rule is used to judge the future direction of varieties, such as opening, closing, increasing, recing and so on. Generally speaking, CTA strategies that have evolved so far are basically automatic transactions, but there are still transactions supplemented by manual judgment

CTA funds are more likely to appear in the form of trust investment, and the main source of income is profit sharing rather than management fees, which is different from the existing securities investment funds and closer to private funds

therefore, compared with the public offering of securities investment funds, only investors, managers (fund companies) and custodians (commercial banks) participate, and the rights and obligations of all parties are relatively clear and different. CTA funds involve more stakeholders and are more difficult to manage. It will also be a huge challenge for regulators

2.

The full name of CTA is commodity trading advisors, also known as managed futures

it is a form of fund organization in which professional fund managers use the funds entrusted by customers to invest in futures market and option market, and charge corresponding management fees

As a strategic method of investment, CTA is essentially a set of rules. It has strong regularity and many investment categories are included. It is an important way to realize the diversification of investment in asset allocation. At present, CTA is graally becoming one of the basic asset allocation of mature investment institutions

extended data

the quantification of CTA -

in terms of investment methods, CTA funds can be divided into two categories: one is subjective CTA, that is, the fund manager subjectively judges the trend and decides the trading time based on the fundamentals, research or trading experience; The second type is quantitative CTA, which is to establish a quantitative trading strategy model through analysis, and make investment decisions based on the trading signals generated by the model

comparatively speaking, using quantitative method to invest in futures can obtain income and manage risk well at the same time. Quantitative CTA can avoid subjective irrationality and stop loss in time in case of loss or withdrawal, so as to avoid risk effectively

3.

1. CTA is not just a commodity. The CTA strategy of stock index futures can be transferred to other asset classes at a very low cost

2. For stocks, it is a diversified investment

CTA can be quantified, risk control is easy to understand, and strategy can be very effective

4. Is to write the program, let the program automatically order

5. Why is CTA strategy suddenly on fire< The CTA strategy of stock index futures can be transferred to other asset classes at a very low cost<

CTA is called commodity trading advisors fund. In the past, this strategy was only for many commodities, but now it basically covers most of the asset markets, such as interest rate futures, bond futures, stock index futures, foreign exchange futures, base metal futures, precious metal futures, and so on Almost all kinds of futures, such as energy futures and agricultural procts futures. Therefore, the current definition of CTA should be called managed futures

there is a saying on investment that is not familiar with it, so you can do almost everything except stock index futures. Therefore, some CTA strategies, technical accumulation and strategy model of institutional investors only need to re fit the trading volume and data, and modify some parameters slightly. Basically, they can be used. The cost of strategy conversion is relatively low

2. For stocks, it's a diversified investment

initially, it started from making commodities. Traditionally, stocks, bonds and cash are called basic assets. Commodities are non-traditional asset investments, so commodity based strategies are also called alternative strategies. The so-called alternative strategy is that the return to return ratio is different from that of the stock market, so it is concive to diversification. From the empirical research in the United States, from 1990 to 2013, the correlation between S & P 500 index and CTA index is about - 0.10, which shows that CTA strategy is independent of the stock market, and commodity assets and stock assets can form complementary. Therefore, when the direction of a shares is not clear, the allocation of CTA fund is diversification

3. CTA can be quantified, risk control is easy to understand, and strategy can be very effective<

in recent years, domestic funds have focused on quantification, because it is easy to back test, less human intervention, and easy to control the risk of channels. Quantitative CTA funds use mathematical and quantitative trading models in fundamental and technical analysis, and make investment decisions according to the buying or selling signals generated by the models. At present, although this kind of strategy has capacity limitation, it can generally achieve an annual rate of 15-20%, so it is very attractive

because it is quantified, trading systems can be generally divided into two types: trend trading strategy and counter trend trading strategy. Has the final say which is the specific fund manager.

trend trading is to use a large number of different indicators to find the current market trend, and then establish a position, waiting for the end of the trend. The cycle can be within a day or a few weeks, and different periods limit the use of funds, but whether the trend ends or not is the only standard for position change. Therefore, you will find that in a bull market, the trend tracking strategy makes a lot of money, Moreover, in the process of the bull market rapidly turning to bear market, such foundations turn around very quickly, backhand short, and continue to earn short money. Therefore, the trend strategy has a great advantage when the bull and bear market is changing quickly or the trend is changing obviously. Unlike the general alpha strategy, which is not afraid of bear market and bull market, trend CTA is not afraid of anything when the trend is obvious, bull

but this strategy also has weaknesses. If the trend is not obvious and the market goes up and down, then this trend strategy will lose a lot because of stop loss. The counter trend trading CTA fund strategy will be profitable at this time. This kind of strategy usually uses reverse indicators such as price and trading volume to find the turning signal of the trend, and then establishes the position. So fund managers need to judge what strategy to use, there is no unchangeable secret to make money

in short, CTA strategy is a good choice for asset allocation in the post index futures era (temporary). For stock investors, to diversify investment, we should not only diversify assets, but also diversify strategy.

6. There are two main ways of commodity investment: direct investment and indirect investment. Direct investment includes the purchase of spot goods such as gold and futures; Indirect investment includes the purchase of stocks of Companies in the commodity sector, the purchase of commodities ETF funds or private placement of CTA strategies. Commodity investment can be divided into two categories: commodity related companies are the main participants in the futures market, and some indivial investors are active in precious metal trading; C Ta (c o m o d i t y t r a d i n g a d v i s o r s) is another kind of main trading group, most of which are institutional investors“ At present, the managers of 500 + private funds and 17000 + private funds in the whole market can be found in the app of "B e t a financial planner". At the same time, there is a detailed evaluation of the procts, a comprehensive visual interpretation of the proct income, the value of the procts and the value of the procts Risk, fund manager and fund company.

7. Let's talk about a misunderstanding of the CTA strategy of the public, that is, they think that CTA trades in futures. Because futures have leverage, they will burst their positions, and the risk is very high. In fact, this is confusing the traditional futures trading and CTA strategy

what is the difference between CTA fund and traditional futures trading

traditional futures are traded according to people's subjective judgment, while CTA fund is a kind of strategic fund that uses machine judgment and operation to make futures investment according to the trading signals generated by the quantitative trading strategy model

compared with human beings, machines are less emotional, more rational and more disciplined. Therefore, one of the characteristics of CTA fund is that its investment style is stable and its income range is stable, and its risk and withdrawal can be calculated

in such a mature hedge fund market as the United States, CTA fund is favored by the majority of institutional investors. At present, it accounts for about 20% of the total volume of global hedge funds, which is not a niche strategy.

8. The full name of CTA is commodity trading advisors, namely & quot; Commodity trading Consultant;, Also known as managed futures, it is an investment manager recognized by NFA (National Futures Association), registered with CFTC (Commodity Futures Trading Commission) and regulated. CTA generally refers to the institutions or indivials that gain profits by providing customers with trading advice on options and futures or directly participating in actual trading through managed futures accounts. In foreign countries, CTA is generally employed by the commodity fund manager (CPO) of a futures investment fund

9. CTA fund is mainly based on CTA strategy. At present, CTA fund is mainly private fund. CTA (Commodity Trading Advisors) is to manage futures funds. From the perspective of investment targets, CTA funds mainly trade commodity futures contracts and financial futures contracts. Because they are traded in the futures market, CTA funds can choose to be long and short. That is to say, they can be long when they rise and short when they fall, so they can earn money from the trend

warm tips:
1. The above information is for reference only, and the actual situation is subject to the fund company
2. Investment is risky, so we should be cautious when entering the market
response time: December 2, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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