Online Workshop 28/29 November 2020

Days
Hours

“Universal Trader”
A Strategy Master Class
Enjoying 10+ years of positive out-of-sample performance

Bonus: Workshop will be followed by 90 days of live trading

Saturday and Sunday 28th and 29th of November 2020.

Time: 9:00am to 5:00pm Sydney, AEST.

Please note attendees will be required to sign a Sale Agreement containing a non-disclosure clause.

Attend my Workshop and learn
Universal Trader’s 4 amazing key strategies;
  • Key Level                        for retracement trend trading
  • Key Breakout                  for breakout trend trading
  • Key Swing                       for mean-reversion trend trading
  • Key Exhaustion               for trend termination trading or top & bottom picking
  • Universal Trader             Combination of all 4 strategies
that;

Apart from learning 4 amazing universal trading strategies attendees will also receive an education on the impact and importance of money management and trading psychology. Attend my Workshop and receive an all-round trading education.

Workshop Essentials
When:                          28/29 November, 2020.
Time:                            9:00am – 5:00pm Sydney, AEST
Where:                         Online
Price:                            AUD5,500
Requirement:               Skype
                                     Open mind
                                     Preparedness to work hard.
Web page:                   Workshop – Universal Trader
Repeaters:                   Repeaters receive a 50% discount. Please contact me directly.
                                     [Note: Repeaters are traders who already own KL, KB, KS & KE.]

Questions:                   Please do not hesitate to contact me at bpenfold@tpg.com.au.
Book a place:              Book a place at my Online Workshop

Workshop Takeaways
Robust Strategies:         Learn 4 key strategies enjoying 10+ years of positive out-of-sample performance

  • Key Level                        for retracement trend trading
  • Key Breakout                  for breakout trend trading
  • Key Swing                       for mean-reversion trend trading
  • Key Exhaustion               for trend termination trading or top & bottom picking
  • Universal Trader             Combination of all 4 strategies

Flexible Portfolios:         Learn 4 key strategies that can be traded on small to large portfolios
PortX³:                           Learn my proprietary PortX³ micro portfolio construction technique.
                                      A game changer for those who can only afford, or prefer to trade, a small portfolio of markets.
Documentation:             Receive each strategy’s comprehensive and detailed manual
Results:                         Receive all historical trades in excel files to assist with validation
Video Recordings:         Receive 6-month access to the Workshop’s recordings
Bonus Live trading:      Enjoy 90-days of live trading watching me personally trade the strategies in real markets, with real money

Hi it’s Brent Penfold here.

Many thanks for visiting and considering my 2020 Workshop.

This year will certainly be remembered. The year of COVID-19. A global pandemic that unleashed extreme worry, extreme volatility and extreme central bank intervention. I don’t think there is anyone on this planet that has not been either directly, or indirectly, effected by COVID-19. It was the perfect ingredient to create extreme uncertainty in global markets.

Uncertainty at any time can cause many traders to hesitate, procrastinate and question their decisions. However extreme uncertainty can cause extreme paralysis, causing many traders to miss many good trading opportunities.

While many see uncertainty as an obstacle, the experienced trader does not.

They see uncertainty as an opportunity.

They don’t allow the public blanket of doubt to cloud and distort their trading decisions. They actually embrace it, knowing taking the “public” difficult or uncertain trade is usually the right one.

But to do it successfully traders need to follow a good trade plan, a good trade plan for all conditions. A trade plan that can be used during both bull market and bear market cycles, a trade plan that can trade both trending and mean-reverting markets, one that can trade within either expanding or contracting markets and one that can trade through a global pandemic.

A trade plan such as Universal Trader.

A robust trade plan that I’ll be teaching in my 2020 Workshop.

 

Thanks for a great and productive workshop, Brent. Skype made it possible for traders like myself to learn about your work, which otherwise would not have been possible that easily. It was really great to be in company of like minded traders. Looks like i have got a lot of work slated already for myself ... 🙂 Regards

N.S. Canada

This Workshop will be the first time I’ll be teaching my complete Universal Trader methodology. A methodology that comprises 4 100% mechanical strategies enjoying 10+ years of positive out-of-sample performance. Four diversified but complimentary strategies that are designed to trade a portfolio of diverse and liquid markets under all market conditions, regardless of whether markets are in a bull or bear market cycle, regardless of whether markets are trending or mean reverting, regardless of whether volatility is expanding or contracting and regardless of whether the world is suffering through a pandemic. Universal Trader, through its 4 individual but diverse and complimentary strategies, are universal across all markets and under all conditions.

If you’re looking for either;

  • more certainty in such an uncertain world, or
  • for a different way to trade, or
  • for robust strategies enjoying 10+ years of positive out-of-sample performance, or
  • a chance to learn from an actual trader

then this is one Workshop you can’t afford to miss.

Not only will you be learning 4 fully disclosed systematic strategies enjoying 10+ years of positive out-of-sample performance, but strategies that you can watch be traded live for 90 days by me in real markets with real money. This bonus element of the Workshop is no big deal for me as I trade these strategies day in day out.

Attendees will also receive 6-month access to the Workshop’s video recordings to help reinforce their understanding of the 4 strategies and material I teach.

Below you’ll find additional information concerning my Workshop. At the bottom you’ll find some frequently asked questions.

If you have a question/s please do not hesitate to send me an email at bpenfold@tpg.com.au.

If you do decide to attend my Workshop I’ll look forward to meeting you online over the 28th and 29th November.

Sincerely
Brent Penfold

Key Features and Benefits of my Universal Trader Workshop

Traders who attend my Workshop will be learning 4 simple, yet effective methodologies;

  • Key Level                        for retracement trend trading
  • Key Breakout                  for breakout trend trading
  • Key Swing                       for mean-reversion trend trading
  • Key Exhaustion               for trend termination trading or top & bottom picking
  • Universal Trader             Combination of all 4 strategies

Methodologies whose robustness is without question as evidenced by their 10+ years of positive out-of-sample performance since release. In addition you’ll be learning about the importance and power of proper money management and you’ll be learning a unique technique to master your trading psychology.

For more detailed information on each individual strategy please follow the above links however let me please expand on their key features and benefits below.

Robustness

Key points

  • Evidence of robustness:10+ years of positive out-of-sample performance
  • Reason for robustness:
    • Absence of data mining
      • Strategies trade all markets
    • Absence of excessive curve fitting
      • Homogeneous setups
        • Same setups for all markets
        • Same variable values for all markets
      • Asymmetrical setups
        • Same patterns for BOTH buy and sell setups
        • Same variable values for BOTH buy and sell setups
      • Simple setups
        • Price and pattern based
        • Few rules and filters
        • Few traditional variable dependent indicators
      • Simple trade plans
      • Absence of complexity

Hi Brent,

I’ve transferred (the money) to your account…. appreciated … I think this will be my sixth workshop – they are always good value and always interesting.

I’ve seen a lot of things over the years….but your strategies are simply wonderful – their simplicity makes them wonderful. Anyone who is willing to put the work in to code up the strategies will see the value in the workshop.

T.W. Australia

Every trader needs a strategy that works.

Or more specifically, independent evidence a strategy works.

Not assurances. Not impressive back-tests. Not picture perfect historical equity curves. Not inspiring metrics. No. Traders require evidence. Evidence to show a strategy is effective. The best evidence is time since release. Time is the magic ingredient. Time since release to demonstrate it works. To provide evidence it works. To provide evidence it’s robust.

Without a “robust” strategy traders would not be able to survive and or prosper in the markets.

Robustness is the single most important attribute any strategy can have: an upward sloping equity curve post release date. And the more time the better. Like 10+ years better.

There is no other trading dimension that comes a close second. None. No individual marvellous metric. No incredible insight. No astonishing announcement. No. Simple, unambiguous evidence a strategy actually works post release. Robustness. Not its accuracy. Not its average profit. Not its expectancy. Not its drawdown. Not its UPI. Not its profit to loss ratio. Not its R-multiple. Not its SQN. Not its CAGR. Not the smoothness of its historical equity curve. No. What is important is whether the strategy has enjoyed a positive performance post its release. Is there TIME to show it has enjoyed a positive out-of-sample performance?

Or in plain layman terms. Does it work?

[Side bar. For those of you who have read my books you’ll know I rank ROR as the single most important concept in trading. Which I do. However, here I’m discussing strategy, and in terms of this particular focus, a strategy’s robustness is the single most important attribute a methodology can have. When I widen my focus from strategy to overall trading ROR takes the pedestal, where naturally a robust strategy’s positive expectancy has a profound impact on ROR.]

As you are probably already aware most strategies are not robust, rarely surviving past their commencement post release.

But not Universal Trader.

Universal Trader is comprised of a portfolio of individual strategies.

Individual strategies that were built over 10+ years ago following sensible design principles.

Key principles designed to minimise the risk of both excessive curve fitting and data mining, the twin evils of strategy development.

Using sensible design principles has ensured Universal Trader has become a robust strategy. Its positive performance since release demonstrates its robustness. Robustness in spades.

Although all traders desire robustness, very few experience it.

But traders need more then desire, they need to actually acquire it. Acquire a strategy robust enough to survive and prosper.

A strategy capable and robust enough to identify positive expectancy setups regardless of market direction and market conditions.

Regardless of whether markets are in a bull or bear market cycle, regardless of whether markets are either trending or mean reverting within each cycle and regardless of whether markets are experiencing an expansion or contraction in volatility, traders require a strategy capable enough to navigate them safely through the unexpected twists and turns that appear constantly throughout the markets.

A strategy such as Universal Trader.

Each individual strategy has been released before, or since 2010.

Collectively this demonstrates Universal Trader has enjoyed 10+ years of positive out-of-sample performance.

A robust out-of-sample performance that very few commercially available strategies or Workshops can offer. Very few.

Simple, Logical, Systematic, Evidence Based and 100% Fully Disclosed

Key Points

  • Strategies embrace simplicity employing few rules and few filters
  • Strategies employ logical rules to identify unique parts of market structure that capture positive expectancy trades
  • Strategies are systematic being 100% rule based with clear instructions on;
    • When to trade
    • Where to enter
    • Where to place stops
    • Where to exit
  • Strategies are 100% objective
    • They require no interpretation, personal opinion or judgment
  • Strategies are 100% evidence based supported by historical scrutiny
  • Strategies are fully disclosed with nothing held back

Hi Brent,
Just to confirm I have received the Key Level trading system book in the post, thankyou for getting it to me so promptly. I love the simplicity of the strategy 'not a wave count in sight!' thanks so much for sharing it.

Kind Regards

P.A. Australia

Complexity kills strategies. Complexity mistakes market noise for market signals. In my experience one of the greatest drivers of strategy success in system design is simplicity. Simplicity in rules, simplicity in logic and simplicity in application following clear instructions on when and where to trade. All 4 key strategies, once learnt and understood, embody simplicity.

Easy to Trade

Key Points

  • Strategies have clear and easy rules to follow on;
    • When to trade
    • Where to enter
    • Where to place stops and
    • Where to exit
  • No special software (apart from a spreadsheet) is needed to find setups
  • Only a spreadsheet and access to daily data is required to find setups
  • No need to give up your day job as orders are placed between day sessions
  • No need to monitor markets as orders are “set and forget”
  • Following clear and precise rules simplifies the trading process

All the strategies are easy to trade. They all have clear and unambiguous instructions on how to trade. Armed with the rules, a spreadsheet and access to daily data (such as https://www.barchart.com/) traders are able to manage open positions, find new setups and prepare market orders.

Certainly the more experienced traders who are able to code up strategies will find it easier to trade the models. They will certainly find it easier to run their own back-tests to validate the performance. However to trade the strategies the bear minimum are the rules, a spreadsheet and access to daily data.

In addition, because the strategies operate off daily bars,  there is no need for traders to give up their day jobs as orders can be enter on a “set and forget” basis between trading sessions. There is no need to waste your time watching the markets intra-day.

Trade All Key Components of Market Structure

Key Points

  • Strategies are diversified and complimentary to each other
  • Strategies are designed to capture a unique part of market structure;
    • Key Level                      to trade retracements
    • Key Breakout                to trade breakouts        
    • Key Swing                     to trade mean-reversions within the trend
    • Key Exhaustion             to trade trend terminations (top and bottom picking)

Universal Trader represents a portfolio of diversified but complimentary individual strategies that are each capable of identifying and trading a unique part of market structure.

I've been following Brent's work since 2013, and I'm still trading many of his systems with real money in real time.

His systems are unique in that they do not heavily depend on traditional indicators, are 100% mechanical, have little to no parameters to optimize to keep it working, and works in multiple markets and time-frames (a key sign of robustness).

What's more, it works with smaller accounts, and yet it can scale with position sizing. They are not by any means perfect, and you need to do some work, but that's the reality of this business.

He also provides great support after the sale. I must have sent him dozens upon dozens of emails and spreadsheets trying to get our backtests to match, and he always got back to me personally in a timely manner.

I highly recommend his Idx24 and UTT programs - it would set you years, if not decades, ahead in your trading!

M.L – USA

Whether the market structure is trending, mean reverting or terminating within either a bull or bear market cycle and regardless of whether volatility is expanding or contracting, Universal Trader has a strategy to capture it.

  • Key Level                        for retracement trend trading
  • Key Breakout                  for breakout trend trading
  • Key Swing                       for mean-reversion trend trading
  • Key Exhaustion               for trend termination trading or top & bottom picking
  • Universal Trader             Combination of all 4 strategies

As its names suggests, the strategy is universal, universal for all types of market conditions.

Trade All Markets

Key Points

  • Strategies have not been data mined to only trade on a select few good markets
  • Strategies can trade all markets including, but not limited to;
    • Currencies
    • Interest rates
    • Indices
    • Energy
    • Metals
    • Grains
    • Softs and
    • Meats

As its names suggests, the strategy is universal. Universal not only for all types of market structures, directions and conditions, but universal for all markets including but not limited to currencies, indices, interest rates, energy, metals, grains, softs and meats. In addition the universal nature of the strategies means the patterns for both buys and sell setups and the variable values are the same for all markets.

Trade All Timeframes

Key Points

  • Strategies come with flexible trade plans to suit different traders;
    • Immediate term (1-3 days)
    • Short-term (5-7 days)
    • Medium-term (20-30 days)
    • Long-term (30+ days)

The two greatest drivers behind profits is trend and time.

Trend represents the line of least resistance where the profits are easiest to gather.

Time represents the opportunity to gather more profit.

The more time in a trade the more opportunity for profit.

For example a day trader holding a position for only a day has much less profit potential then a trader who will hold a position for 5+ days. However there are psychological challenges to holding winning positions for long periods of time. Universal Trader’s strategies recognize this challenge with traders and consequently have various trade plans to choose from.

An Immediate-term trade plan where the average length of trades is 1-3 days, a Short-term trade plan where the average length of trades is 5-7 days, a Medium-term trade plan where trades can be held on average for 20-30 days, and a long-term trade plan where trades can be held on average for longer then 30+ days. These alternative trade plans makes Universal Trader flexible for all traders and their individual preferences for time spent in the market.

Trade All Market Conditions

Key Point

  • Strategies are dynamic, adaptive and comprehensive enough to trade in all market conditions such as;
    • Bull markets
    • Bear markets
    • Trending markets
    • Counter-trend, choppy, mean-reverting markets
    • Expanding volatile markets
    • Contracting volatile markets

Hi Brent,
I totally LOVE your Book, read it twice the last days! OMG, sooo many take aways and gold nuggets, and I am trading for 19 years now.... Awesome job, thanks!

M. Austria

Universal Trader’s 4 strategies have consistently beaten the market over the last 10+ years since their release, despite the changing times and conditions. Their historical performance before 2010 has also been good. Since the 1980s global financial markets have experience every possible shock you can think of. From the 1987 crash, the 1990s Savings and Loan crisis, the LTCM and Asian currency crisis, the 2000 technology crash, the 2008 GFC and this year’s COVD-19 panic crash, the markets have seen just about everything. And through it all Universal Trader’s 4 strategies have performed.

Universal Trader represents a portfolio of strategies for all market conditions. Regardless of whether markets are in a bull or bear market cycle, regardless of whether markets are trending or are in a counter-trend, choppy or a mean-reverting mode and regardless of whether markets are experiencing expanding or contracting volatility and an external shock. Universal Trader’s 4 amazing key strategies can trade all market conditions.

Trade All Sizes of Portfolios – Introducing PortX^3

Key Points

  • Strategies can trade all portfolios, from small to large, depending on traders’ individual account sizes and risk tolerances.

Each trader will have different amounts of risk capital and different levels of risk tolerance. Some will only want to, or be able to afford to trade a small portfolio. Others may want to and may be able to trade larger portfolios. Regardless of the level of risk capital and risk tolerance Universal Trader’s 4 strategies can trade any size of portfolio.

However please be aware traders with smaller accounts can be disadvantaged on two counts;

  1. Underperformance: Generally smaller portfolios vis-à-vis larger portfolios, can suffer the risk of under performance as it’s never known which markets will trend, when they will trend and for how long they will trend. Smaller portfolios, by definition, will trade less markets, increasing the risk traders will miss out on some markets that experience great trends.
  2. Data mining: Traders with smaller accounts are forced to make a deliberate decision on which few markets they trade. They’ll usually be influenced by a market’s historical performance, preferring to pick the better performing markets over the poorer performing ones. As inevitable as night follows day yesterday’s good performing markets are generally never tomorrow’s best performing markets, resulting in smaller traders falling into and suffering from the classic trap of data mining.

So unfortunately traders with smaller accounts can suffer a double whammy. The risk their smaller portfolio will not contain those markets that will experience great trends and secondly, the risk of picking yesterday’s winners who will usually become tomorrow’s losers.

Emm. What to do?

Well during my Workshop I will be teaching for the first time my proprietary PortX³  portfolio construction technique.  A rule based methodology that allows traders to construct independent, objective and sensible micro portfolios that will help minimise both risks.

I believe learning my PortX³ technique alone will be worth the price of admission to my Workshop.

On my web site you’ll see how I’ve selected my personal “P24” portfolio based on the objective and independent criterion of diversity and liquidity.

If you’re able to trade 24 markets then you don’t need any further help.

If you can’t I suggest a number of smaller portfolios I refer to as “P2”, “P4”, “P8” and “P16”.

Please refer to the following page; Portfolio

However despite the sensible logic behind the micro portfolios there is another and superior approach to creating smaller portfolios that I’ll be teaching during my Portfolio Construction session. Once attendees learn my powerful PortX³ technique for portfolio assembly they’ll never again have to fret about the decisions they make when selecting one market over another.

My technique is universal and can be used across all markets, not just futures.

It’s objective, rule based and does not require any subjective interpretation or personal opinion.

As you can see below Universal Trader performs well over all sizes of portfolios, regardless of whether they’re small (4), medium (8), large (16) or extra-large (24).

After attending my Workshop attendees will learn first hand how to create each portfolio, where the only variable is the number of markets a trader can afford to trade. Once a number of markets is determined they’ll then just follow the rule based construction technique I’ll be teaching and voilà, they will have created an arms-length, independent and objective boutique portfolio where no personal and subjective opinion and decisions have been made. :o)

Take a look for yourself. :o)

Portfolio: 4 Markets

Portfolio: 8 Markets

Portfolio: 16 Markets

Portfolio: 24 Markets

As I’ve said, I believe learning my PortX³ technique alone will be worth the price of admission to my Workshop.

Affordable

Key Points

  • The cost to attend the Workshop is the price of one bad losing trade.

As you may be aware each individual strategy is available off my website;

  • Key Level                                  $1,650
  • Key Breakout                            $3,300
  • Key Swing                                 $2,200
  • Key Exhaustion                         $1,100
  • Daily Study Guide (90 days)       $490

Individually they require a $8,740 purchase.

Collectively, through my online Workshop, they’re all available for only $5,500, the price of one bad losing trade.

A universal truth about trading education is that for most traders, it’s expensive. Usually very expensive. And it’s expensive for the simple reason lessons are learnt the hard way, through trading losses. The Market is a demanding taskmaster. Going forward traders can either continue to pay the market’s high price for education or they can choose to attend my online Workshop and pay someone who actually trades (like me) a fair price for no-nonsense insights and positive out-of-sample strategies. It’s your choice.

When you compare the cost to participate in my Workshop to the same as suffering one bad trade, I think it puts the cost and the importance of attending, into perspective.

No Need to Give Up Your Day Job

Key Point

  • No need to give up your day job
  • Orders are placed between day sessions
  • No need to monitor the markets as orders are “set and forget”

It’s a myth to believe you have to commit fulltime to the markets to trade successfully. As the strategies trade off daily bars traders just need to get organized after a day session has completed. From collecting data to managing open positions and finding new setups it can all be done before the start of the next day’s session. And once orders are prepared they can be entered on a “set and forget” basis where stop instructions are entered/placed at the same time as the entry instructions.

By attending my Workshop traders will learn how to trade like a professional while still maintaining their day job.

They’ll learn how to trade without having to sit in front of their trading screen 24 hours a day.

They’ll learn how one hour a day will allow then to identify their trading opportunities.

They will learn how to prepare orders with entry, stop and exit instructions.

They’ll learn how to “enter, set and forget” their orders.

They’ll learn how to trade smart, like I do.

Bonus: 90 Days of Live Trading

Key Points

  • Enjoy 90-days of live trading watching me personally trade the strategies in real markets, with real money

As a bonus attendees will be able to watch me trade the strategies live for 90-days following the Workshop. The live trading component is all designed to reinforce attendee’s knowledge of the strategies and to help build new daily habits. This 90-day live trading component makes my Workshop unique within the industry of trader education. However it’s no big deal as I trade my own strategies every day.

To my knowledge, I believe I’m the only trader who will not only teach you the theory and techniques, but who will also allow their Workshop attendees to watch them personally trade live for 90-days executing the strategies with real money, in real time and in real markets. Some Workshops will provide live trading over a weekend but I’m not aware of any who will do so for 90-days.

An added bonus to the live trading component is that attendees will see how I treat my trading as a business. A business without the emotion that usually sabotages most traders. Attendees will see how my rule based strategies are 100% objective and do not require any interpretation and or subjective judgment on my behalf. The live trading will re-enforce attendee’s knowledge and application of the strategies and help build new daily habits. Attendee’s will learn how one hour of preparation each day will prepare them for success in trading. Attendees will learn how repetition over 90-days of live trading will reinforce their new knowledge, create new powerful trading habits and create new confidence to set them on the path towards trading success.

The Objective is to Become Successful

Attendees will learn 4 robust 100% mechanical strategies along with money management and trading psychology. By watching me trade live for 90 days attendees will learn how to eliminate fear and hesitation from their trading. They will learn how to establish the discipline necessary to follow each strategy and they will learn how to develop good trading habits. They will learn how to gain the strength to take their losses without wavering. They will learn how to eliminate fear, doubt and hesitation. They will learn how to avoid over-confidence and the dangers associated with it. They will learn how to maintain discipline and consistency. They will learn how to become a successful trader.

Attendees will learn the complete rules for Universal Trader’s 4 amazing key strategies, all 100% evidence and rule based, which have enjoyed 10+ years of positive out-of-sample performance.

From the 4 strategies attendees will learn;

– which market to trade
– when to trade
– where to enter
– where to place stops
– where to take profits

Attendees will learn an effective money management technique.

Attendees will learn an effective approach to trading psychology.

Attendees will enjoy 90 days watching me trade live Universal Trader in real markets with real money.

After 90 days of live trading attendees will learn how to trade;

– without fear
– without doubt
– without hesitation
– without mistakes
– with confidence
– with discipline
– with rules
– with purpose

Attendees will receive the comprehensive manuals for Universal Trader’s 4 strategies.

Attendees will receive a complete trade history file for each strategy in excel.

Although my Universal Trader strategies are simple to understand and learn, they’re not painless to trade. They do lose and suffer drawdowns. They will bruise you. But at least they are real. And being real makes them verifiable. Verifiable, real and simple strategies. Strategies that have not been curve fitted to historical data using a multitude of indicators.

Summary

For the price of one bad trade you can accelerate your trading education.

By attending my Workshop attendees will commence the establishment of their own trading business. They’ll walk away with not just one or two trading strategies but 4. They will have a ring side seat as they watch me trade live. They will enjoy a live trading program where they can engage in dialogue with a professional trader. They will commence their ascent to becoming a successful trader.

Really this Workshop is good value.

For the price of one bad loss, you’ll not only receive a thorough explanation of Universal Trader’s 4 key strategies, but you will also be able to reinforce your understanding and knowledge of the strategies for 90-days as you watch me trade it live. You’ll also receive 6-month access of the Workshop’s video recordings for re-watching, reviewing and reinforcing your understanding.

If you’re serious about both your trading education and trading career then this is a Workshop you must attend.

I hope you now have a better understanding of what attendees will learn during my Workshop.

I hope you now have a reasonable insight into Universal Trader.

I hope I’ve done a good enough job to have you understand Universal trader is robust as shown by its 10+ years of positive out-of-sample performance.

As I’ve mentioned each individual strategy is available off my website;

  • Key Level                                  $1,650
  • Key Breakout                            $3,300
  • Key Swing                                 $2,200
  • Key Exhaustion                         $1,100
  • Daily Study Guide (90 days)       $490

Individually they require a $8,740 purchase.

Collectively, through my online Workshop, they’re all available for only $5,500.

If you wish to benefit from this 30%+ saving you will need to attend my online Workshop.

Please don’t hesitate as places are limited. Sign up and commit today to learn how I use Universal Trader to help navigate my way through the uncertain world of volatile global markets.

If you have any questions please do not hesitate to e-mail at bpenfold@tpg.com.au.

Workshop Essentials
When:                          28/29 November, 2020.
Time:                            9:00am – 5:00pm Sydney, AEST
Where:                         Online
Price:                            AUD5,500
Requirement:               Skype
                                     Open mind
                                     Preparedness to work hard.
Web page:                   Workshop – Universal Trader
Repeaters:                   Repeaters receive a 50% discount. Please contact me directly.
                                     [Note: Repeaters are traders who already own KL, KB, KS & KE.]
Questions:                   Please do not hesitate to contact me at bpenfold@tpg.com.au.
Book a place:              Book a place at my Online Workshop

Workshop Takeaways
Robust Strategies:         Learn 4 key strategies enjoying 10+ years of positive out-of-sample performance
Flexible Portfolios:         Learn 4 key strategies that can be traded on small to large portfolios
PortX³:                           Learn my proprietary PortX³ micro portfolio construction technique.
                                      A game changer for those who can only afford, or prefer to trade, a small portfolio of markets.
Documentation:             Receive each strategy’s comprehensive and detailed manual
Results:                         Receive all historical trades in excel files to assist with validation
Video Recordings:         Receive 6-month access to the Workshop’s recordings
Bonus Live trading:      Enjoy 90-days of live trading watching me personally trade the strategies in real markets, with real money

Book Now and Take Back Control

As you know no one can remove the uncertainty that surrounds both the markets and trading. However where there is uncertainty there is also opportunity. Opportunity for those who are prepared. Those who are prepared with the correct knowledge Universal Trader will give them, a portfolio of 4 strategies whose robustness is demonstrated by 10+ years of positive out-of-sample performance. Performance very few commercially available strategies can offer.

So if you’re looking for either;

  • more certainty in such an uncertain world, or
  • for a different way to trade, or
  • for robust strategies enjoying 10+ years of positive out-of-sample performance, or
  • a chance to learn from an actual trader

then this is one Workshop you much attend. If you wish to treat trading as a business with an edge rather then an interesting diversion, then book now and secure your place for my online Workshop. Don’t delay as places are limited.

Yours sincerely,

Brent Penfold
Futures Trader
Author
Futures Adviser
Director, Brent Penfold Futures Pty Ltd.

Workshop FAQ

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Cost

Q. Do you offer a money back guarantee if I don’t like your Workshop and strategies?

Unfortunately not. I fully disclose everything and once seen, it can’t be unseen. I’m sorry.

Q. I have been burned in the past by up-sells, and proprietary subscriptions, etc., Is everything to understand the 4 strategies included in the AUD5,500 Workshop price or are there extra costs?

Everything is included in the Workshop. The strategies and few indicators I use are fully disclosed. There are no after Workshop add-on sales pitches. There are no add-on subscriptions. Everything is fully disclosed.

NDA – Non-Disclosure Agreement

Q. You say attendees will need to sign a non disclosure agreement. Why do you require one when your Workshop is an online event?

It’s because I take my IP seriously. It’s an unfortunate situation in this enterprise of trading where very little works. Despite hundreds of books written on trading few share ideas that work and are durable through time. My ideas work and are durable with 10+ years of positive out-of-sample performance, so I value them very highly. I ask attendees to also value them very highly by agreeing to not disclose them to third parties.

Beginners

Q. I’m a novice without much trading experience when it comes to share trading. Is your Workshop suitable for beginners?

First up I’m a futures trader so you need to understand that the markets I’ll be discussing are futures … which are derivatives that are based on an underlying cash market like the SP500 index, gold, crude oil, corn etc.

I actually believe futures are the best security for active trading and therefore are superior to trading shares. You can read more about why I believe futures are superior for trading at the following link;

Why Futures?

If you believe the process of trading comes before the actual markets, instruments and timeframe someone trades, then my Workshop is ideal for beginners. It will open your eyes to what actually works. Following a good process of trading is applicable to all markets and all securities across all timeframes, whether its shares, forex, options, warrants, CFDs or futures.

However, for beginners I’d suggest you first consider the following course of action. If you do, and what you read and learn resonates with you, then certainly consider my Workshop.

For beginners I’d suggest its best to start with first reading my two books;

For the price of these two books you’ll get a real insight into real trading, not the fantasy rainbow picture pushed by the endorphin peddlers.

The two books will also give you an insight into how I view and approach the markets.

If you like what you read I’d then suggest you do my introductory Truth About Trading video course. It’s inexpensive at AUD149.99 and it will be money that you will not regret spending. I actually think it will be the best AUD149.9 you will ever spend on your trading education.

If you like what you learn, and your objective is to embrace a good process of trading, which is primary to secondary considerations like markets, instruments and timeframes, then my Workshop would be suitable for you.

My Workshop is also ideal for experienced traders who spend many years struggling to gain profitability and feel like it’s a hopeless task.

I will also say that because I’ll be sharing a lot of information it will appear overwhelming at times for a beginner trader. That’s the bad news. The good news is that it’s all good information and attendees will have 6-months access to the Workshop’s videos …so they’ll have plenty of time to re-watch, pause and rewind etc to fully grasp the ideas.

Q. If after the 90-days of live trading I’m still unsure of the strategies will you still be able to offer any assistance?

Yes. Any trader who has ever attended any of my Workshops can still ask me a question whenever they like.

So I won’t be disappearing after 90 days. If you have any questions please do not hesitate to ask me.

Also please remember you will have 6-month access to the Workshop’s video recordings.

CFDs

Q. Do the Universal Trader strategies translate to a derivative market like CFD’s? Or is it all just purely Futures contracts only.

I really can’t say as I don’t trade CFDs. All I can say is that both derivatives, Futures and CFDs, are based off the same underlying physical cash market, so you’d expect them to behave/trade the same way so I’d expect Universal Trader would work on CFDs. But I can’t say it with any authority as I’ve never traded CFDs.

 

Online Workshop

Q. I may have to miss part of the Workshop. Will there be video recordings made available so I catch up on what I miss?

Yes. I will be recording the Workshop and attendees will receive 6-month access to the video recordings.

Q. I assume the $5,500 cost of the Workshop is in Australian Dollars, am I correct?

Yes, the cost is in AUD.

Q. Will a video recording be made available?

Yes. Attendees will have 6-month access to the Workshop’s video recordings.

Q. I know the Workshop will be recorded and the recording will be available afterwards. It is very unlikely, but If I suddenly have other important commitments over that weekend and I cannot attend the live workshop, can I watch the recordings on Mon/Tues/Wed to catch up on everything before I attend your 90 days live trading?

Yes. You can watch the recordings following the workshop weekend. It’s my plan to give attendees a week to process the information before commencing live trading.

Account Size

Q. What account size would I need to trade your 4 strategies?

This is a problematic question for me since if falls into “personal” advice which I’m not licensed to give. In addition not every trader is the same in regards to their individual risk appetite (drawdown tolerance), financial position (amount of risk capital) and investment objectives.

However, from a general perspective Universal Trader’s 4 strategies are flexible enough to be used by all traders regardless of account size or risk tolerance. Flexible in that traders can choose to either trade all 4 strategies or just one or two. Flexible in that traders can use either one of four trade plans depending on their preference on how long they’d like to hold trades. Flexible in that traders can choose the number of markets they’d like to trade.

Traders with say only a $10,000 account could choose to trade only one strategy over one or two markets, depending on their own level of individual risk tolerance.

For help in determining what is an appropriate account size to trade with you can refer to the following link: Starter Account

For initial help in determining what is an appropriate portfolio to trade you can refer to the following link: Portfolios

For additional help on determining an even better approach to creating mini portfolios attend my Workshop and learn PortX³, my proprietary micro portfolio creation methodology.

Data

Q. What data provider do you use?

I use Norgate’s Premium Data service from www.premiumdata.net/

Software

Q. I can see attendees will receive all historical trades in an excel file to assist with validation. You say you do all your own programming in VBA for Excel. Will attendees also receive your excel file where all the systems are already programmed in it?

Unfortunately no. I’m not a software/charting guy. I only make available and teach the methodologies that I fully disclose. Apart from the trade history file which I supply in excel I do not provide any software. I’m sorry.

Q. Your FAQ section indicates that you do all of your programming in visual basic for excel. So if you already have the strategies programmed in excel then why don’t you offer them to attendees? Your Workshop page makes it sound very easy to trade where attendees will not need to give up their day job. If attendees have to follow a lot of manual chart instructions then it’s going to take a lot longer time.

Although I do all my own programming in VBA for excel I’m not a programmer.

My VBA excel models are good enough for me, but they’re not polished/professional enough for third party sale.

Without a doubt attendees who can code up the models in their trading/charting software will be a better positioned to both validate and trade the models. Software without a doubt speeds everything up.

I will be encouraging attendees to code up and validate the strategies, but software is not essential to do it. My strategies, once known are relatively straight forward. But checking historical trades is time consuming.

Once a trader knows and has validated the strategies and gets organized, they should be able to spend no more then an hour each day managing open positions, finding new setups and placing orders before the day session starts.

Orders are placed on a set and forget basis.

There is no need to watch the markets intra day.

But it will take hard work to study, validate and get organised.

As I say on my Workshop page a requirement to attend is an open mind and preparedness to work hard.

Q. Is it correct all I need to trade your strategies is a spreadsheet?

Yes. You’ll also need access to daily data for the markets you’d like to trade. Certainly if you’re able to code the strategies in your preferred charting program it will be easier to trade and perform back-tests. However, armed with the strategy rules, a spreadsheet and daily data, you will be able to identify the setups and trade plan.

Q. Would you be able to provide the code behind your 4 strategies?

Unfortunately no. Although I do all my own programming in VBA for Excel (Visual Basic for Application) I’m not a software guy. I do not offer/sell software with my strategies. My whole focus is to fully disclose all the trading rules behind the strategies I’ll be teaching. Nothing is locked, hidden or held back. Naturally people can contact me if they have any questions. No worries at all.

Q. Can you help me in programming your strategies?

Where I can I will.

However you have to understand I’m not familiar with the current back-testing packages available today. Although I owned Trade Station 4 back in the 1990s I only opened it a few times to realize that Easy Language didn’t look that easy! So I went off and taught myself VBA (Visual Basic for Applications) for Excel.

But if I can help, I will.

Q. I use MultiCharts exclusively, although I can use Tradestation as a possible alternate. Will this be adequate to be self sufficient?

Although I don’t use either MultiCharts or TradeStation (I use VBA for Excel) I believe they should be fine for two reasons;

  1. What I do, once it’s understood, is relatively easy and
  2. They are both leading charting programs.

Q. Do you use any software like e.g.TradeStation/Multicharts to generate trades according your strategies?

No. For software I do all my coding in VBA (Visual Basic for Application) for Excel.
And I enter all my orders manually into Interactive Broker’s Trader Workstation.

Q. Can you recommend an appropriate trading/charting program?

This is a difficult question for me as I haven’t used a third party trading/backtesting program since 1998 when I purchased Trade Station 4, only to realize Easy Language wasn’t that easy! I subsequently threw myself into learning VBA (Visual Basic for Application) for Excel and have used it ever since. So unfortunately I don’t have any first hand experience with any current commercially available off the shelf packages.

However students of mine do use the following packages that you may like to review;

  • AmiBroker
  • Multicharts
  • Trade Navigator
  • TradeStation
  • Trading Blox
Orders

Q. Can you please list the type of futures order that the UT systems will be using? I use Interactive Brokers TWS for my stocks and futures trading. I only want to use simple futures order. I don’t want to do complex ones.

The majority of entry orders are on “stop”.

This is a screen shot of the first page of my current IB TWS orders.

Strategies

Q. How many strategies will you be teaching and what kind are they?

I thought I was clear one that. :o)

I’ll be teaching 4 strategies, that when combined, become Universal Trader. Three are trend trading while the fourth is a top and bottom picker looking for trend terminations.

  • Key Level                        for retracement trend trading
  • Key Breakout                  for breakout trend trading
  • Key Swing                       for mean-reversion trend trading
  • Key Exhaustion               for trend termination trading or top & bottom picking
  • Universal Trader             Combination of all 4 strategies

Q. I can’t imagine I’d be able to trade all four strategies straight away, either due to time or account size constraints. Can you recommend one strategy I should focus on first?

Each strategy is designed to capture a unique part of market structure. I suppose it’s really up to the individual trader’s preference. If you prefer to wait for a retracement before committing to a trend trade, then I suggest you focus on Key Level. If you prefer breakouts, concentrate on Key Breakout. If you prefer mean-reversion trading start with Key Swing. If you have a predisposition to pick tops and bottoms, master Key Exhaustion. It’s really your choice.

However, if your preference is to build your account size then I’d suggest first focusing on and mastering Key Breakout as it’s the most successful strategy out of the 4, both a on risk-adjusted (its UPI is 2.2) and efficiency (its CAGR is 30%) basis.

Q. What timeframes do your strategies trade?

First up I trade off daily bars. Some of the strategies require weekly data, but that can be created off daily data. The strategies come with a choice of various trade plans as I know each trader has their own preferred holding period for open trades. So trader’s can choose either of the following trade plans;

  • Immediate-term            (1-3 days)
  • Short-term                    (5-7 days)
  • Medium-term                (20-30 days)
  • Long-term (KS only)      (30+days)

[Please note Key Swing does have one pattern which has a long-term trade plan where winning trades can be held for 30+ days.]

Q. Are your strategies similar to the Donchian/Turtle breakout strategies?

No.

Q. Could you share the nature/concepts/idea/belief behind the 4 strategies you’ll be teaching?

Three of the strategies are trend trading. The fourth is a top and bottom picker looking for a trend termination. All my strategies essentially trade repetitive patterns that attempt to capture either a trend continuation movement or a trend termination event.

Q. Will you share your development or evaluation process?

It’s not my plan to, however no doubt during the Workshop I may discuss where the original idea/s came from. However if you wish to learn how I develop strategies you should get yourself a copy of my Universal Tactics of Successful Trend Trading (Wiley, 2020) where I discuss my process.

Q. Can you please tell me the SQN score of each of your strategies?

Yes.

                                               SQN

  • Key Level                      5.1
  • Key Breakout                7.5
  • Key Swing                    5.1
  • Key Exhaustion            3.0
  • Universal Trader          10.3

Now before you get too excited I think I need to share with you my thought’s on Van Tharp’s SQN metric.

And since not everyone reading this will be familiar with Van’s SQN I think I’ll need to spend some time unpacking it.

Please refer to the following page for my thoughts on SQN. Van Tharp’s SQN

Q. How many indicators and optimisable variables are in the strategies?

Good question. If you have read my books you’ll be aware that I’m not a fan of variable dependent indicators that can be tweaked to produce the prefect equity curve.

On my website you’ll see my strategies have the following number of variables;

  • Strategy                                    Variables
    Key Level                                     2
  • Key Breakout                               1
  • Key Swing                                   4
  • Key Exhaustion                           4

The only two traditional indicators my strategies use are the (4)ATR and (200)Moving Average.

Now although the variables can be adjusted/optimised … I’d suggest you keep them as they are as they have done the strategies well as evident by their positive 10+ years of out-of-sample performance.

Q. Do your strategies have any bias to the long or short side?

Great question. No. All strategies are both homogenous and asymmetrical. Homogenous in that each strategy uses the same setup for all markets and uses the same variable values of all markets. Asymmetrical in that each strategy uses the same pattern (but reverse) for both buy and sell setups and they use the same variable values for both buy and sell setups.

Please understand these homogenous and asymmetrical attributes are the key reasons for Universal Trader’s robustness as evident by its 10+ years of positive out-of-sample robustness.

If you view the split in profits for Universal Trader you’ll see the profit is split 57/43 between buy and sell setups. There is no bias to either the long or short side.

Universal Trader Performance

Q. Are the 4 strategies you are going to present and teach based on daily data?

Yes. I only trade off end of day data so I only use the open, high, low and close. I don’t use volume. Some of the strategies do use weekly data but I build the weekly bars off my daily bars.

Q. Do your strategies work off intraday data? Or have you tested them on intraday data?

No. All my strategies are based on end of day data. I’m not a day trader so I haven’t tested my strategies on intra-day data. However, being universal in nature, I wouldn’t be surprised if the strategies did have an intra-day edge, but that is only my opinion and is not based on any historical scrutiny.

Live Trading

Q. Do I have to watch the markets to trade your strategies?

No. I follow a “set-and-forget” process where I trade off end-of-day bars. Once a session has finished traders can start to look for a strategy’s pattern setup they’d like to trade. If a setup exists then they can email/enter their order instructions (entry/stop/exit etc) before the next day session starts. Once everything is entered they can relax or forget the market/s until the following session ends. Although I trade multiple strategies over multiple timeframes over 32+ markets I do not watch the markets. My daily operational job is to collect/download my end of day daily data, run my models which search for new setups and monitor open positions. I will then enter all the new order and trade management instructions before the markets open. Once I have done that I can “set-and-forget” or be relaxed about the markets. So there is no need to watch the markets or leave your day job. :o)

Q. It looks like all the futures you trade are in the US. Does this mean I have trade during the US open hours?

Yes and no.

Yes, if you wish to trade the same futures as me. Your orders will need to be live during the US open hours.

No, in that you don’t have to be awake during US hours. You just need to have entered your orders on a “set and forget” basis (entry and stop) before the start of the US day session.

For myself, since I’m based in Sydney, Australia, I make sure my orders are entered before the next day session begins in the US. As a result I’m asleep when my orders get triggered during the US session. When I wake up I get to work checking my IB Traders Workstation to see what was triggered and what was not.

Q. How will the 90-days of live trading work?

I’ll deliver my 90-days of live trading through my Daily Study Guide.

The Daily Study Guide has two parts, the setups and a chart example.

For the setups I will send out an email detailing each markets’;

  • Trade management instructions for all open positions and
  • Trade orders for all new setups

Before attendees open the email they should attempt to work out the trade management instructions and new setups for themselves. They should use my email as a checking mechanism.

The second part includes a detailed chart example for one particular strategy’s setup. Included in the chart example is a copy of my orders.

The Daily Study Guide will go out before the start of the next day’s session.

Now the whole point of my Daily Study Guide emails is not for me to do all the work but to allow attendees to check their own daily analysis and order preparation against mine. If there are any discrepancies attendees can then email me with their question/s.

I believe it’s only through daily repetition of seeing strategy setups develop live in real markets that we as traders can really learn a strategy and really create new and sustainable trading habits.

Q. I know the Workshop will be recorded and the recording will be available afterwards. It is very unlikely, but If I suddenly have other important commitments over that weekend and I cannot attend the live workshop, can I watch the recordings on Mon/Tues/Wed to catch up on everything before I attend your 90 days live trading?

Yes. You can watch the recordings following the workshop weekend. It’s my plan to give attendees a week to process the information before commencing live trading.

Q. I see that the Workshop will be recorded which I’ll need since I most likely will not be able to attend live. I see there is a bonus component where we can watch you trade live for 90 days. Will the live trading be recorded as well for me to watch?

No, the 90 days of live trading will not be recorded. I’ll be delivering my live trading through my Daily Study Guide that will contain a copy of my orders before the markets open. You can read more about the Daily Study Guide here;

Daily Study Guide