Algo Convention: Why Veteran Investor Tom Basso Cautions Traders Against Using More Filters

Traders should use technical indicators or filters carefully because more parameters would restrict the viability and robustness of the trading strategy, according to Tom Basso, founder and president of Trendstat Capital Management.“In the pursuit of finding the perfect trade, which is 100 percent reliable, you end up not taking a trade with so many filters layered on top of your trading system,” he said on the sidelines of Algo Conv...