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Richard Saidenberg is a CTA and an independent futures trader. After receiving a B.A. degree in economics from the University of Michigan, Rick worked on the floor of the American Stock Exchange as a specialist clerk and later an arbitrage clerk. Later, in the Major Market Index options pit, Rick was exposed to mechanical systems trading. He has traded his own account, using his own tools and mechanical systems, for fifteen years. To speed up his research and development effort, Rick became an accomplished programmer of trading systems. As a logical extension of his talent, Rick provides custom programming of indicators and trading systems to users of TradeStationTM and SuperCharts. In 1995, Rick joined SoundView Advisors, a CTA in White Plains, New York. He is currently head trader for SoundView's managed account program, which specializes in S&P day-trading and currency futures position trading. SoundView received the Managed Accounts Report award for "The Advisor with the Highest Return" in 1996. Rick traded stocks initially, but soon switched to trading stock index options, then indices and futures. Among the notable and widely traded systems Rick has created and programmed are R-Breaker and R-Levels, two totally objective systems for day-trading index futures contracts. Both R-Breaker and R-Levels have consistently appeared in Futures Truth's top ten lists of performance for trading systems available to the public. In the May/June 1996 issue of Futures Truth, R-Breaker ranked as the number one system since its release date.

Here's one of Richard Saidenberg's recent presentations.

The Advantages of Trading with a 100% Mechanical Approach - Part 1


Expert: Richard Saidenberg
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 40 pages
Availability: Now
Average Rating:


Rick discusses the advantages and disadvantages of mechanical systems trading. Rick believes that anyone can trade profitably by using purely mechanical systems. He details a success-oriented trading plan and points out several pitfalls that can hinder the success of a systems trader. Rick shows you a breakout system, a reversal system, and a combination system that incorporates both breakouts and reversals. He provides you with complete trading rules for entries and exits for each system.

Rick demonstrates how to read performance reports. He highlights the crucial statistics necessary to identify profitable systems in real-time trading. You will learn how to adjust a system's parameters to suit your own trading style. Parameter changes either make a system more aggressive (with more frequent trades and higher total net profit) or more conservative (with fewer trades, fewer drawdowns and a higher percentage of winning trades). Finally, Rick discusses a new twist on diversification. Instead of trading several unrelated markets, he shows how to concentrate solely on one market and diversify by trading several unrelated systems.


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The Advantages of Trading with a 100% Mechanical Approach - Part 2


Expert: Richard Saidenberg
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 23 pages
Availability: Now
Average Rating:


In this presentation, Rick Saidenberg discusses the advantages and disadvantages of mechanical systems trading. Rick believes that anyone can trade profitably by using purely mechanical systems. He describes the innermost details of developing a successful trading plan. You will learn the exact pitfalls that can hinder the success of a mechanical system.

Rick shows you the steps required to develop a breakout system, a reversal system, and a combination system that incorporates both breakouts and reversals. He provides you with complete trading rules for entries and exits for each system. You will learn to use the tools you need to develop a trading system and strategy best suited for your style of trading.

Building upon his 1995 presentation, Rick demonstrates how to develop as well as read TradeStationTM's performance reports. He highlights the crucial statistics that enable you to identify profitable systems in both hypothetical and real-time trading. Rick elaborates on the new twist on diversification discussed in the previous year's workshop — concentrating on one market and diversifying by trading several unrelated systems.


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