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An interview with Mr.Rickey Cheung the systems developer from HongKong.

As a pioneer in alternative investment solutions and systems trading, team Striker is made up of an international crew of professionals including Linda Song from China, and Eiko Izumi from Japan. We are proud to interview an emerging international System Developer, Mr. Rickey Cheung. Conducting this interview is Martin Lembak, from Czech Republic.

Martin: Hello Rickey! Please tell our readers a bit about yourself. What led you to develop S&P 500 futures systems, and how did you get started?


Rickey Cheung: Sure! I have been trading various futures markets since 1985, and roughly 10 years ago I started focusing only on day trading the S&P and S&P e-mini contracts. Like most beginners, I lost money when I first started, but I didn't give up and I took my experience as a lesson to learn. After years of reading, researching and working with models, I began to trade with success. As I am based in Hong Kong, I have had to adjust my lifestyle to be awake during the market times in Chicago, but the reward of successful trading has made it all worth it. In June 2002, I eventually developed a good trading strategy that leads to consistent winning in day trading the S&P. At this point, I began to think in terms of being a System Developer, which I am today.

Martin: You have developed several systems ?tell our readers a little something about each of them.


Rickey Cheung: The most popular models are named RC Success, RC Advance and RC Power. RC Success is more aggressive, RC Advance is moderate, and RC Power is conservative. My models suit different traders' needs. All RC Models have robust and forward looking inherent characteristic indicators. After the models are written and put to the test, all the above criteria need to be verified to ensure good systems as in all RC models. This means no curve fittings at all. Interested parties can visit my web at rc3200.com.

Martin: What software platforms are RC Models using?


Rickey Cheung: RC Models use Tradestation, and are written in easy language protected by DLL files.


Martin: What do you think is the real edge of your RC Models in comparison to other systems?


Rickey Cheung: The real edge of RC model is the RC Indicators which measure the intraday strength and weakness of the market, and act accordingly. It is NOT based on the past winning patterns that most systems incorporate. Most systems trade on past patterns (a few days or longer), whereas my systems have forward-looking characteristics.

Martin: If somebody is interested in your systems, what are the possibilities? Are you selling or leasing systems, or both?


Rickey Cheung: We offer our systems throug Striker, because Striker is not in the system development business, and is not a CTA. This way, we are comfortable knowing the Striker will protect the secrets of RC Models. What caught my eye about Striker was the "No-Conflict" broker message on their web site. Moreover, I appreciate that the brokers and employees at Striker allow no house trading, so they have eliminated the conflicts-of-interest issues. And, I have to say, it is delightful that Striker has team member Linda Song, from China, and team member Eiko Izumi Gallwas, from Japan. Striker's unique because my customers can get support in Chinese and Japanese language this way! So far, RC has a small client base, as we have only leased a few copies to customers who are qualified. The truth is that we are afraid of hackers. Many trading systems have been hacked, and the only and best way to protect my interest and user interest is not to email out any models. This will have long term benefit to the model performance.


Martin: Is there a message you would like to convey to our readers?


Rickey Cheung: Trading is challenging, interesting but difficult. There are always only 5 to 10 % consistent winning traders in this negative-sum game. I think this also applies to trading systems, that only 5 to 10 % trading system can win consistently. If one does not have a winning edge, one should not trade. With my growing reputation, I have offered private, one-on-one classes to students in Asia, and have charged them between $150,000 to $200,000 U.S. dollars for my knowledge. I demand that they be honest before I teach them, because I'm very aware that I probably charge the highest tuition for a one-on-one trading seminar in the world. I'm happy to share that all my students are doing well today, and that they are pleased. And, now as a System Developer, I hope more people can benefit from my systems and hopefully, profit!


Martin: Thank you Rickey, and good luck with your endeavors. We are going to end this interview by a quote from John Hill. Your systems are currently being reviewed by Futures Truth magazine, and your web site has a quote from John Hill, President. Striker Vice-President William Gallwas spoke with John Hill this morning:

William Gallwas, Vice-President Striker: Hello John. I understand you have been following Rickey Cheung. We have been trading his models with actual trades here at Striker, and the systems, particularly RC Advance and RC Success, show promise. What is your impression?

John Hill, President Futures Truth: Rickey was an unknown entity a few years ago on my radar, but today he is emerging with some promise. His models are good, and his technology is unique. The back testing is good, and I think Rickey is someone to keep a good eye on.

 

The Team Striker
Striker Securities, Inc.
Chicago Board of Trade Building 37th Floor
141 West Jackson Boulevard
Chicago, Illinois 60604
312-987-0043, 800-669-8838

www.striker.com

 

 

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