STA Blog

The Stop Hunter hits the City: With wise words and impressive stats

Stephen Hoad, founder and CEO of The Stop Hunter is based in Canterbury, Kent and rarely comes up to town. He did so for the first time in four years yesterday (14th) in order to speak at the STA’s March 2023 monthly meeting. The title of the talk, ‘Gaining an Edge in Systematic and Algorithmic Trading using Renko Charts’ wasn’t exactly snappy but the presentation was packed with valuable detail and often frank insights into his methods and mind-set.

With a long career in banking and hedge funds behind him, his maths degree comes in useful with game theory, something he enjoys – as well as golf. Also handy are his strong IT skills because he, like so many today, are working with vast data sets. His funds include equities, indices, foreign exchange, commodities, crypto and a little fixed income.

Working at a Japanese bank many moons ago, he picked up several of their technical analysis tools of which Renko is clearly his favourite. Before claiming that ’’Renko is the Japanese equivalent to point and figure [charting]’’, he checks that the STA’s guru on this subject isn’t in the room. The key with both these charting methods is to get the block/box size right. Then he also suggests taking into account the relative volatility of the instrument under scrutiny. Overlaying Ichimoku clouds onto the Renko blocks, then adding perhaps two Western oscillators, where Stochastics appears to be his favourite, he builds and back tests his models .

Working on a relatively short time frame, where long term for him is about 8 days, he has therefore shortened his time units from daily to 3-hours, hourly and 1 minute. Interestingly he uses correlation risk in order to avoid duplication in his funds, yet some of these appear to hold many currency pairs. This despite the cache of markets he covers running into the hundreds.

Showing us detailed examples of his system – which has an App alerting him to new trades – his accounting is done by automatic emails and snazzy ways to keep constant monitoring. He says: ‘’building a successful system is not just about coding’’ so he’s now planning to start a retail copy-trading option. For details contact info@thestophunter.co.uk and/or subscribe to his YouTube channel.

Posted in Finance, Markets, STA news, Technical Analysis, Technical Analysis Courses, Trading, Trending
Tags: , , ,
Disclaimer

The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.

Not ready to join? Stay Updated

If you want to learn more about membership and being part of the STA, sign up for our updates so we can keep in touch.

  html
  text

Monthly Meetings

The STA holds 11 monthly meetings in the City of London, including a summer and Christmas party where canapés and refreshments are served.

MORE INFO

Latest Videos

As a service to our members, many of whom are unable to attend all our monthly meetings, we have been making videos of meeting presentations for several years.

MORE INFO

STA Libraries

The STA has an extensive library of classic technical analysis texts. There are over 1000 books in the collection. It is held at the Barbican Library with a smaller...

MORE INFO

Market Technician

Latest research and news

More Info

World Class Tutors

STA Course Lecturers

More Info

Membership

Be part of something special

More Info

Blog

View latest posts

More Info