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.
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
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.
What software platforms are RC Models using?
Rickey Cheung: RC Models use Tradestation,
and are written in easy language protected by DLL files.
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
If somebody is interested in your systems, what are the
possibilities? Are you selling or leasing systems, or
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
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,
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:
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?
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.
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141 West Jackson Boulevard
Chicago, Illinois 60604