Cta, namely commodity trading consultant, is an institution or individual who gains profits by providing trading advice on futures and options to customers or directly participating in actual transactions by hosting futures accounts. In the traditional sense, cda fund investment is limited to commodity futures.
? However, with the development of global futures market in recent years, cta funds gradually expand their investment fields to almost all futures products, including commodities, stock indexes, bonds, currencies, foreign exchange and so on. However, cta has low correlation with other assets or strategy types, so it plays an important role in asset allocation and trading strategy.
? The data shows that since 20 18, domestic cta strategic funds have always maintained excellent annual positive returns, with an average annualized rate of return as high as 12. 17%, ranking first among all kinds of strategies, with the maximum withdrawal of 2. 16%, which is only in the middle and lower level among all kinds of strategies. It can be seen that the domestic cta strategic fund product income is relatively high, and there is no progress.
? All trading strategies used by cta can be basically divided into two categories, trend trading strategy and counter-trend trading strategy. Trend trading strategy is the most widely used trading strategy in cta. Trend trading cta uses a large number of different indicators to remove market noise, find the current market trend, and then establish positions. They spare no effort to move the moving average, volume, cycle theory and so on are widely used indicators of trend trading cta. According to different time periods, cta of trend trading can be divided into short-term trading. Mid-line trading and mid-long-term trading contrarian trading usually use the reverse indicators such as head and shoulder shape, breakthrough shape and volume to find the turning point of the trend, and then build hatred. Whether it is trend trading or contrarian trading, c t a attaches great importance to the risk management of positions. ?