LEARN TO TRADE a portfolio of low-touch, rules-based, quant trading strategies, in 6 weeks.
Here's James explaining what Trade like a Quant bootcamp is going to teach you and why this will change your trading approach for the better...
Successful trading is HARD.
Every trader starts with a lack of respect for how hard it is to make consistent trading profits.
They jump from idea to idea. They overcomplicate things. They pass over high-probability edges in favor of heroic ideas that are unlikely to pay out.
In this 6 week course, you'll learn a simple, high-probability, quantitative approach to trading that can work for you, the non-professional trader.
Your trainers, James and Kris, will guide you step-by-step through the process of setting up a portfolio of 3 low-touch, rules-based trading strategies.
These are simple strategies based on economically-sensible, quantifiable market edges.
This is our simplest, most practical quant trading course to date.
We concentrate on the simple things that work: the things that turn money into more money.
Part-time trading for long-term success.
Trade like a Quant is a program aimed unashamedly at the part-time retail trader.
You'll learn "the simple stuff you can do that works." No obfuscation. No jargon. No complicated math. No bullsh!t.
You don't need to be a math genius, rock star coder, or experienced trader to make money in the markets.
Trade Like a Quant Bootcamp will keep you on a straight-and-narrow path.
Learn how the game really works, then play it right
Here's an overview of what you'll learn in bootcamp...
The trading strategies we'll teach you will set you off on the right foot.
But what we really want you take away from the course are:
As we build out your portfolio you'll learn:
We'll give you everything you need. Just bring an open mind and some enthusiasm.
Join the Waitlist for our next Bootcamp.
Enrollment open 27 September - 4 October 2021.
Here's what some of our past students have to say about their Robot Wealth bootcamp experience...
Is this Course for You?
Trade like a Quant is for anyone who is serious about capturing financial market returns.
It's about making money in the most effective way possible - not LARPing around with marginal stuff, drawing lines on charts, or messing about with quant vanity projects.
You'll focus on high-probability edges that can be traded by anyone. We aim the course at the part-time trader - but the techniques are applicable whether you want to trade part-time, full-time, or get a job in finance or trading.
Being able to see the market for what it is, and make money out of it is a superpower.
We are full-time quant traders, but we don't expect you to be.
The techniques you'll learn are those we've discovered through decades of quant analysis and trading. It's sophisticated, but it's also simple.
This is stuff you can apply:
All we ask is you put a few hours aside each week and are open-minded and serious about what really works in the markets.
You're not going to learn feel-good platitudes or hifalutin math concepts here.
What is important and what makes money isn't always what people expect. And it's often not what people WANT it to be. It's not about "picking a trading style that matches your personality" or "cutting loses short and letting your winners run". And it's not about the latest and greatest machine learning algorithm or quant finance technique either.
What makes money in the market is exploiting real edges in a simple, robust, consistent manner.
That's what you'll learn in this course. It's not a course in trader psychology or mathematical finance. It's about finding and exploiting real edges in the highest probability way possible.
By the time you finish the course, you'll have all the tools and techniques to be able to do this yourself.
Join the Waitlist for our next Bootcamp Intake
Enrollment open 27 September - 4 October 2021.
What's Included? Where Does It All Happen?
Trade like a Quant is a fully-supported learning experience, with live support from the RW team.
6 Weekly Course Modules
At the start of each week, a new module will be released. Each module consists of:
Weekly Live Webinars and Workshops
On the first day of Bootcamp we'll jump on Zoom together, say hello, introduce ourselves and set expectations for the next six weeks.
We run a weekly content review webinar and Q&A session. We review the essentials of the week's lessons and stay on the call until we've answered any questions you have.
These webinars usually run for about 2 hours - but everything you need to know happens in the first hour, and you're free to jump off at anytime.
Don't worry if you can't attend every week. The calls are all recorded and made available a few hours later - along with any accompanying slides or other material.
The weekly webinar covers the essentials you need to keep up.
Even if you can't make it through all the course material and assignments each week, if you attend (or watch the replay) every week - you'll be able to keep up.
Vibrant Slack Channel for Real Time Discussion
You'll be invited to join our dedicated private Slack Workspace.
This is where you'll connect with your fellow Bootcampers, as well as seasoned RW Pro members, who have been working with us for a while.
On Slack, you can discuss the course content (or anything else to do with trading) with us in real-time.
We're online all the time, and our members are available 24/7. There's a whole team helping you out.
More testimonials from past Bootcampers...
Here's what you'll learn. The Complete Curriculum.
Here's a summary of what we explore over the 6 weeks of Bootcamp...
If you're an early enroller, you'll have immediate access to the Slack community. So introduce yourself, say hello, and spark up any discussion with us and the team.
You'll also have access to bonus background material from previous Robot Wealth courses, which you can review at your leisure.
In this module, you'll build up a model of the market as it really is. (Rather than what you'd like it to be!)
Then, together, we'll build up a game plan for success as a retail trader.
We'll ask questions about the structure of the market and its actors, and we'll build up a simple model. This insight allows us to define our core strategy to extract market returns.
By the end of Week 1, you'll have a good mental model of the market, and a realistic game plan for your trading portfolio.
If you start a business venture, it's clear you need an obvious, reliable way to make money.
"I'm smart and hard-working" is not a business case.
You need a stonkingly obvious way to get paid.
We want business cases that stack up. Something a 5 year old might believe would make money.
So we look at successful trading approaches of the past and present for clues.
We look at market-making, ETF arbitrage, commodity carry, trend-following, pairs trading, risk premia harvesting, crypto basis arb, and more.
We'll put together a very simple low-frequency risk-premia harvesting strategy.
It uses the predictable nature of volatility to manage asset and portfolio volatility.
This can be traded using US ETFs, UCITS ETFs or futures contracts.
It forms the base of our portfolio: a stonkingly obvious high-probability edge that you can believe in.
We close the week with a discussion on how to not screw up your best edges by overcomplicating them.
By the end of week 2, you'll have implemented the bottom of the pyramid. You'll have a "stonkingly obvious high-probability edge" you can be confident about.
Now you've got a "stonkingly obvious high-probability" edge in the bag. We can start looking at slightly more competitive games which exploit market inefficiencies.
Your risk premia harvesting strategy is "win-win". Nobody needs to "lose out" for you to harness excess returns there. That's why we can believe in it.
Exploiting market inefficiencies is "win-lose", at least if you think about expected returns. Your excess returns come from "buying from someone too cheap". Or "selling to someone too expensive". Someone loses out.
So how do we do find these opportunities?
And how do we make sure we are the ones that get the opportunity to trade these inefficiencies? Given there are are more sophisticated, faster players trying to do the same thing?
These are the questions we'll explore together in this module.
By the end of week 3, you'll have a good idea of what an exploitable market edge really looks like.
You'll have a systematic process for finding exploitable edges. No more will you be stuck in the retail trader "Backtest Cycle of Doom" loop - trying random stuff and hoping it works.
This week, you'll look at three simple trading strategies which exploit large fund trading flows around the turn of the month.
As always, you'll start by thinking about the structure of the market and the players in it.
So we look to exploit these effects in the simplest way possible. Whilst being mindful that every time we trade we lose a little bit of money (The Mortal Sin of Trading Too Much.)
We'll show you how we designed three simple trading strategies to trade these edges. When you combine the strategies, the whole can be greater than the sum of their parts.
We'll conclude Week 4 with a discussion on some of the gritty realities of trading. And the experience of trading under conditions of massive uncertainty.
In Week 1 we played with random data and observed what the experience of trading with a known edge felt like. Now we add the uncertainty of never really knowing if we have an edge.
We'll discuss how to deal with this uncertainty, both practically and emotionally.
Practically, you'll learn it is crucial to understand the effect you are harnessing. You'll set up simple analytics to track the drivers of those effects. This helps you not to be dependent on noisy decaying P&L to know when to adapt or pull a strategy.
Emotionally, you'll explore random data and simulations to start to "feel the randomness in your bones". You don't want to be "Fooled by Randomness" into making rash decisions
By the end of Week 4 you'll have:
You'll now have implemented a set of strategies in the next tier up on the pyramid.
In Week 5, you'll be adding a new strategy to your portfolio that straddles the two layers of the pyramid.
This simple strategy exploits the time-varying volatility risk premium. It's a low-frequency strategy which can be traded using VIX ETPs or (micro) VIX futures.
By the end of week 5 you'll:
Week 6 is when it all comes together.
This week you’ll learn a sensible, quantitative approach to portfolio management.
You'll learn how to put simple trading strategies together to create a high-performing portfolio.
You can create extraordinary results at the portfolio level from many noisy strategies using "ensemble" methods.
Or, as we like to say, “Trading More S**t”.
By the end of week 6 you'll understand:
You won't be left with your hands waving in the air.
We’ll show you exactly how to manage the three strategies we’ve been through together.
And you will know what you should do with your next addition to your systematic trading portfolio.
We finish the course with a discussion of what's next, and the reassurance that "There Will Always Be More Trades".
The trader needs to balance confidence and humility.
You must never pretend that trading is not hard. You must never think you’ve got it all figured out.
A certain amount of anxiety that you are losing your edge is appropriate.
But you must be confident in your ability to find new trades.
You are smart.
You have good tools.
You have solid strategies.
You have a solid approach to the markets.
You have examples of good, quick, pragmatic research.
You have tried-and-tested strategy frameworks.
You have realistic expectations about the Mayhem.
You have a team of people who will help you and share ideas.
There will always be new trades and new ideas.
You just need to stay relaxed, think clearly, don’t get greedy, stay true to the fundamentals, and generously give your time to others.
Join the Waitlist for Bootcamp
Enrollment open 27 September - 4 October 2021.
Meet your Instructors
"I’ve traded every day for the last 20 years. I spent the first 10 in institutional finance and tech, then founded a data analytics and quant prop trading organization in New Zealand, trading futures spreads and equity volatility. I'm currently setting up a crypto trading desk. I work in the RW community every day, mentoring traders and helping them turn ideas ideas into profitable trades."
"After a 10-year engineering career, I became a hedge fund quant and later consulted with Asia-Pacific’s biggest fund managers on AI and ML before settling in to quant prop trading. Working with the RW community brings me an immense amount of satisfaction."
Member since April 2017
"It would take years to grasp these concepts via books and coding...."
"Bootcamp is a live trading algo development workshop. If I were to read books and learn to code by myself, it would take years to grasp the concepts that are presented in the Bootcamp. For example, we learn about "parameter space", the steps of developing strategies or not to over rely on the backtest results.
Kris and James are showing us how professional quants and traders develop their strategies and both are not hiding any tricks that make money in this Bootcamp. Retail trading is tough and I am glad I participated this Bootcamp so that my learning has accelerated. "
Member since August 2018
"It's like working at a quant hedge fund....."
"RW Bootcamps are the best thing going in trade education I have found. Going through the whole process start to finish lets you get a real feel for what goes into a successful strategy. Plus you get to have team generated code at the end that is better than what any of us could do on our own!
It's like working at a quant hedge fund if you could use the code yourself! Highly recommend Robot Wealth to anyone looking to put time into developing this skill set!"
Member since December 2018
"Bootcamp is an amazing ride that brought my trading skills to the next level"
"My understanding of how to theorize, research, test and develop new trading strategies has advanced tremendously – in any market. I learned a lot of new stuff from our Robots in Chief as well as from other dedicated and talented members, and I feel much more confident in developing my own ideas both in R and directly in Zorro.
This also inspired me to put together a trading framework that let's trade multiple strategies in one Zorro script, which is a powerful tool that can potentially save trading costs (one of the few really certain outcomes you can and should try to control when embracing the mayhem). All in all this Bootcamp was an amazing ride that brought my trading skills to the next level!"
"If you're coming from a retail background then buckle up. Trading is tough and you're likely unaware of what real trading is. You may also be unaware just how much easier it is having a community of pros and like James and kris on hand practically 24/7.
I went from getting scammed by FX signal providers to trading many FX alphas built by us in the community.
Trading is complex, involving multiple disciplines, but stick with the guidance of the community and you'll make it."
Member since June 2019
"Trading is the hardest game in the world but, thankfully I don't have to take on the challenge alone. With a community of 300+ highly motivated and intelligent members, you get to develop trading strategies relying on quantitative research techniques that professionals use.
Joining Robot Wealth has not only made me a better trader but, a better data scientist as well."
Member since November 2019
"Bootcamp is a full-frontal introduction to systematic trading. You won't find this anywhere else without spending years trawling through scientific and mathematical papers.
Kris and James are welcoming, inclusive, fun and literally happy to share their lifetime's of work."
Member since November 2019
Bootcamp feedback directly from participants
Even more comments lifted straight from our Slack community
If you have any pre-purchase questions about RW Pro, we are happy to help. Email us at [email protected]
For a full explanation of the curriculum:
Absolutely! We built this course specifically because we were tired of digging through dense books just to find the fundamental skills and approach we needed to start. This is the dream resource we wished we had when starting our trading journeys. Now it's yours.
Bootcamp is the most efficient way we know of to go from little systematic trading experience to acquiring the approach, tools and strategies that can grow your capital.
Whether you are more comfortable spectating in your first Bootcamp, or want to contribute as much as you can, you're welcome to join us. So long as you are willing to put in the work.
No! You won't need to write code.
We assume you can use Microsoft Excel or Google Sheets.
Definitely! Welcome to a new world of trading.
Many of our members who've discovered quantitative techniques are not only more successful, but are less emotionally reactive and have rediscovered their passion of trading.
We recommend at least 3-4 hours per week to keep on top of the course material, assignments and to be involved in the community - but you can get more involved if you wish.
The other great thing about our community is accountability. We keep each other humble, help each other, and are more likely to contribute a little bit every day, rather than letting trading slide off your radar completely. Consistency is key, we'll help you achieve it.
If you're really pressed for time, you can keep up by attending the weekly webinar, or watching the replay.
Content Modules will be released every Monday. This includes videos, written material and assignments.
6 Weekly Q&A webinars will be held during the Bootcamp on Thursday. You can turn up and ask any question that is on your mind. Recordings are posted shortly afterwards and you can submit questions to be addressed in advance if you wish.
Ask any questions anytime on Slack. You can engage in discussion with us, your fellow Bootcampers, and RW Pro Community members at any point on Slack.
You'll never be left with your hand waving in the air.
Our Bootcamp Slack communities are a hive of activity. You'll not only get help and insights from your pro trader instructors Kris and James along the entire journey but from your fellow teammates throughout Bootcamp.
Being an international community, you will always have other community members around to talk to.
Questions are also addressed at the weekly live webinars and these sessions are always recorded and posted online for you to review if you're unable to make the live session.
No. To quote our RW mantra: "Trade broad, trade small, trade humble".
Of course you need money to make money, but we recommend starting with an amount of capital that you are financially and emotionally able to lose without dire consequences, in a worst case scenario.
That being said, our goal is to make your money grow, and as long as you have realistic expectations about what can be achieved with a small retail-level account, you're in great company!
That's fine! It would mostly be redundant, because you simply don't need expensive setups to do well.
You'll need a broker you can trade ETFs with (or a paper trading account if you're not ready to risk real money just yet).
Everything else will be provided to you.
We supply everything you need as part of Bootcamp.
The course will be taught through a combination of video lessons, weekly live webinars, presentation slides, written materials and our Bootcamp Slack channel.
We find this combination works well for those on a very tight schedule who struggle for free time, so they can stay on top of things more easily.
Timezone is not an issue as all live webinars are recorded and the worldwide breadth of our membership means that you'll find someone online in Slack 24/7.
When you complete Bootcamp you'll be invited to continue trading with us as a RW Pro member!
There are 4 huge advantages to being a RW Pro member:
1. You'll get access to The Lab - our trading collaboration portal
Think of The Lab as like a trading firm for individuals.
The Lab is our collaboration portal for all things trading. It includes a Knowledge Repository, trading Edge Database and Research Hub for collaborating on research projects and sharing data, tools and a peer-review process.
By sharing their progress and working together, our members progress faster and farther than they ever could on their own.
2. You get to work personally with us in "Alpha" Bootcamps
These are our members-only Bootcamps. We create these shoulder-to-shoulder with our RW Pro community and they align with the needs of our trading firm. That is, we research strategies that we intend to trade with the community.
You'll gain first-hand exposure to the gritty and unpredictable world of real-time trading research and development, as we tackle each new challenge together — it's a professional trading firm, but for retail traders.
You'll literally research and trade by our side and in real-time.
3. You get to join the RW Pro community
You don't have to go back to working alone after Bootcamp is complete...
In the Pro community, discussion and support isn't limited to a particular Bootcamp. We discuss everything trading — so long as it's fun, useful or can make us money.
You'll also get on-going support and development for the strategies you built in Trade like a Quant Bootcamp, from us and 400+ others!
4. You get access to the RW Insider Research Blog
In these posts you'll follow the stream of consciousness behind a fully-functional trading operation — seeing how we decide which opportunities to investigate, react to market conditions and ultimately come up with new trades.
In RW Pro we'll give you everything you need to get your trading journey off the ground and thriving with far less time, frustration and expensive mistakes.
You don't have to be a genius or even a profitable trader yet, but we want people who are committed, realistic and who will one day want to help others achieve success in trading.
RW Pro is offered only to those who complete a Bootcamp with us, so we can better manage who enters our closest circle of traders. We share our life's work inside this group, and we want to keep it as focused and results-driven as possible.
This Bootcamp is different to Zero to Robot Master and all other bootcamps we've run previously. Trade like a Quant bootcamp includes no automation no coding, and the trading strategies use ETFs rather than FX.
The reason for the change is that we're relentlessly focussing on the fundamentals and we want the content to be as simple and practical as possible. The intent is to help you become brilliant at the basics - the things that will set you up for a lifetime of sustainable, sensible trading.
The strategies can be traded by hand with a very small time commitment. They also lend themselves to automation, but we won't cover that in Bootcamp.
In terms of next steps after Bootcamp, first and foremost, you'll gained have an appreciation for the most important aspects of running a serious systematic trading operation:
Once you've got that stuff nailed, you're on your way and are very well placed to develop your trading operation further. The most obvious next step would be finding more things to trade. Perhaps, depending on your goals and ability to commit time, you might think about automation.
If you'd like to continue with us after Bootcamp, we can help develop your trading operation further. You'll get the opportunity to join RW Pro, which is our membership community. There's more about RW Pro in the next FAQ.
We offer Bootcamps approximately every quarter, however there is no set schedule. The vast majority of our time is spent with the RW Pro group working on strategy research sprints, deep dives into topical trading issues and supporting regular day-to-day trading operations.
We plan to run Trade Like a Quant bootcamp again in the second half of 2021.
RW Pro is our membership group. We share most of what we trade with this group and provide ongoing, real-time mentoring and support. Essentially, we "pull back the curtain" on our trading operation and share with the group our research, decision-making processes, and ultimately, our trades.
The Lab is a suite of tools for collaborative research and trading that we developed for the Pro group. It includes cloud-based research tools, access to our data library, a repository of edges that we've researched in the past or want to look at in the future, plus code for the trading strategies that came out of that research. We encourage members to actively contribute to The Lab and we provide personalised feedback on research that members submit.
In a nutshell, the intent of The Lab is for two things to happen faster than they otherwise would:
If RW Pro and The Lab sound amazing, it's because they are. It's like a quant trading firm for independent traders and aspiring independent traders. There is nothing else quite like it.
We won't be using Zorro or any coding or automation during Bootcamp.
Trade like a Quant bootcamp is focused on the fundamental lessons of running a systematic trading operation. We wanted to exclude anything that might detract from or obscure those important lessons - so there's no coding, no automation, and no heavy quant stuff. The strategies are specifically designed such that a time-poor, part-time trader could manage them by hand with a small monthly time commitment. They do lend themselves to automation, which you may want to consider doing at some point after Bootcamp.
We have some training material around Zorro in our RW Pro membership group, which Bootcampers are invited to join at the conclusion of bootcamp.
We only accept people who've completed an introductory Bootcamp (such as Trade Like a Quant) because:
RW Pro membership is offered to all Bootcampers in the final week of Bootcamp so if you join Trade like a Quant today, you can be a RW Pro member within 6 weeks.
Yes - definitely!
Our Bootcamp and RW Pro membership cohorts comprise people from all across the globe. We've had hundreds of Bootcamp participants from the northern hemisphere who have successfully completed Bootcamp and continued on to join RW Pro.
We run the live webinar sessions at alternate times each week (11am and 11pm London time) to try to accommodate everyone at least some of the time.
All the webinars are recorded and made available for viewing soon after for Bootcampers to watch at their convenience.
If you can't make the webinar, you can submit questions you'd like answered ahead of time on Slack and we'll address them during the session.
James and/or I are usually around on Slack enough that we cross paths with all timezones between us, and - due to the diversity and global depth of our member base - you can almost always find someone online in Slack at any time of the day or week.
This is not quite right. We use quant analysis and market knowledge to find opportunities (as well as less glamorous approaches such as talking to other traders!).
Backtesting is literally the final step in the process and really only serves to confirm that the thing that we researched could indeed be harnessed with simple trading rules under modeled cost constraints. It's a common misconception, but backtesting isn't a research tool at all.
The hardest thing for non-native English speakers who join is for Bootcamp is making sense of Kris' Australian accent! But thankfully, James does most of the talking, and he speaks a lovely, clear version of British English.
In addition to webinars and video content, we also provide written content, which you can consume at your own pace. Your interaction with us will mostly be via the written word on Slack and submitting questions in webinars via the chat feature.
Also, if you did find that the language barriers were insurmountable, we will of course provide a full refund. Rest assured that if you wanted to, you can try out Bootcamp risk-free.
The strategies each backtested to a Sharpe ratio of approximately 1.
As a volatility-managed portfolio, they backtested to approximately 1.5. This is a reasonable question that deserves a reasonable answer. But I also know from experience that many people read way too much into backtest statistics.
The truth is that a backtest is quite useless for setting future performance expectations - it's highly dependent on the actual specification of the trading rules, which makes it difficult to conclude useful information about the edge itself. So please don't do use backtest statistics for setting performance expectations.
On the other hand, a backtest is quite useful in helping us figure out if a particular edge could have been harnessed in the past, using simple trading rules, and under realistic cost constraints. This is what we actually use backtests for, and perhaps surprisingly, it's the very last thing we would normally do when we research a new edge. And by the time we've done enough research to justify a backtest, we have a very good idea of what it will look like anyway! But a backtest is useful in that sense.
Things that are actually quite useful in forming a view on whether a particular edge is worth pursuing in the future include:
There's more detail about these questions and how we'll answer them in Bootcamp in the outline of the course curriculum.
In a normal day, we're trading US equities, equity options, futures, FX and crypto.
We're currently undergoing a significant pivot towards crypto in our own trading because we think there are incredible opportunities there right now. We're currently running a crypto Bootcamp for our RW Pro members in parallel with Trade Like a Quant.
Join the Waitlist for Bootcamp
Enrollment open 27 September - 4 October 2021.