Mark P. Fahimi
President, Trade Like Pros LLC.
Program(s) Developed: Zeus Swing, Power Es, Poer TF, Power NQ QUant ES, Quant Gold, Quant NQ, Quant TF
Interview Date: November, 2014
Interviewed by John F. Gallwas, Founder of Striker Securities, Inc.
Mark Fahimi graduated from Toronto's York University, Canada's 3rd largest university, in 2000, majoring in computer science. In 2003, after years of developing trading systems for other financial organizations, he became interested in the rapid growth of hedge funds and the role of automated trading systems. Demand for quantum market analysis was high due to multiple trends and the increasing complexity of the markets. This created a need for individual traders have access to pricing and risk models to compete in the marketplace. In 2003 Mark gathered a team of professionals in mathematics, finance, and computer software programming, to form Trade Like Pros LLC, in Toronto Canada, moving to Los Angeles, California in 2010. The team's objective: "Provide traders and frequent investors with real world fully automated quantitative trading systems and portfolios." Their goal is to offer traders scientifically designed trading systems and portfolios that would avoid crashes, have minimum drawdowns, and generate consistent returns.
John F. Gallwas: How do you define quantitative trading systems "quants" ?
Mark Fahimi: Quantitative trading is a scientific approach based on hypotheses and empirical testing. Wikipedia defines Quants: "The Rocket Scientists of Wall Street". Quants trading systems, used widely by sophisticated hedge funds, are also accessible by system developers like Trade Like Pro LLC. As financial markets become more complex the demand for the design of trading systems by experts who not only understand complex mathematics models but that can provide these products to traders will continue to increase.
John Gallwas: What are the risk / reward objectives for your algorithmic trading systems?
Mark Fahimi: We have two major trading system groups, the Power-Trading Systems and the Quant-Trading Systems.
++++ Power strategies: Winning trades average +$900 and losing trades average -$480.
++++ Quant portfolios: Winning trades average +$1,900 and losing trades average -$770
John Gallwas: What are the capital requirements for you trading systems?
Mark Fahimi: Algorithmic trading is growing rapidly across all types of financial instruments, accounting for over 73% of U.S. equity volumes in 2011 (Reuters and Bloomberg). At Trade like Pro LLC we offer two algorithmic strategies. The Quant strategies requires $7,500 capital to trade. Our Power strategies require $25,000, because these systems are based on the use of multiple positions.
John Gallwas: Do your trading systems require periodic updating and if so is it scheduled or event driven?
Mark Fahimi: Most our systems are "position or swing trading" and the holding time, depending on the market, can vary from days, weeks or even months. In this type of environment, our systems are designed to be self-correcting and do not need to be adjusted overtime.
John Gallwas: Do you have any new products that you can share are with us now?
Mark Fahimi: As a matter of fact, we recently finished two new systems designs for Russell 2000 mini futures (TF) and NASDAQ Mini futures (NQ). The Systems are called Power-TF and Power-NQ and they run on 60 min time periods. Although the shorter time intervals generate more activity, the objective is to allow these swing trading programs to catch shorter term market cycles.
This interview is for informational purposes only and is not intended to be
a solicitation of any kind. Trade only with risk capital. The risk of
trading can be substantial and each investor and/or trader must consider
whether trading systems are a suitable investment.
There is a risk of loss in trading. It is the nature of commodity and securities trading that where there is the opportunity for profit, there is also the risk of loss. Commodity trading involves a certain degree of risk, and may not be suitable for all investors. Derivative transactions, including futures, are complex and carry the risk of substantial losses. Past performance is not necessarily indicative of future results. Please read additional risk matters on our web site, www.striker.com. It is important you understand all the risks involved with trading, and you should only trade with risk capital. This communication is intended for the sole use of the intended recipient.
About this report The information and links on this website are for informational purposes. The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Striker is a member of the National Futures Association ("NFA"), the Managed Funds Association ("MFA"), and the National Introducing Broker Association ("NIBA"). Striker is registered with the Commodity Futures Trading Commission ("CFTC"), and was formerly registered with the Securities Exchange Commission ("SEC"). Additionally, Striker is a former member of the Financial Industry Regulatory Authority ("FINRA"), and the Securities Investor Protection Corporation ("SIPC"). FINRA is the largest non-governmental regulator for all securities business in the United States. Please read Striker Disclosure Statement for the additional disclosure.
The trading performance cited throughout our web site is based on actual trading history, unless otherwise noted. The starting account balance is based on the system developer recommendation. Striker tracks actual performance by recording and maintaining each trade ticket for each system generated. The performance information assumes that no additions or withdrawals have been made. The rate of return for all systems disclosed in the Striker Report is cumulative from the day the system actually started trading at Striker. We maintain a "life" track for all 3rd party systems. We do not necessarily base our records on any particular client account. No one particular customer has achieved these results. The percentage returns reflect inclusion of commissions and fees.The actual percentage gains/losses experienced by investors will vary depending on many factors, including, but not limited to: starting account balances, market behavior, the duration and extent of investor participation (whether or not a client takes all signals for a system) in the specified system and money management techniques.
Striker is a revolutionary concept in action: an international, professional team of brokers dedicated to trading only for clients. It bears repeating: unlike most other brokers, Striker does NOT trade futures for itself or any of its employees. This policy has been in place from the start in order to guarantee that our entire focus remains on the interests of our clientele. Striker believes that when brokers are allowed to trade for themselves (or have in-house trading practices) there is a strong potential for conflict of interest, as the broker may place more importance on his own trading activities (or that of his firm's) than on those of his clients. Finally, Striker has no financial ties to system developers, so there no bias or pressure on how we report the actual trading results posted in our client section. This section is designed specifically for Striker's clients, so they may audit their results on a daily, weekly, monthly, or annual basis.