 Richard Saidenberg is a CTA and an independent futures trader.After receiving a B.A. degree in economics from the University of Michigan, Rick worked on the floor of the American Stock Exchange as a specialist clerk and later an arbitrage clerk. Later, in the Major Market Index options pit, Rick was exposed to mechanical systems trading. He has traded his own account, using his own tools and mechanical systems, for fifteen years. To speed up his research and development effort, Rick became an accomplished programmer of trading systems. As a logical extension of his talent, Rick provides custom programming of indicators and trading systems to users of TradeStationTM and SuperCharts. In 1995, Rick joined SoundView Advisors, a CTA in White Plains, New York. He is currently head trader for SoundView’s managed account program, which specializes in S&P day-trading and currency futures position trading. SoundView received the Managed Accounts Report award for “The Advisor with the Highest Return” in 1996. Rick traded stocks initially, but soon switched to trading stock index options, then indices and futures. Among the notable and widely traded systems Rick has created and programmed are R-Breaker and R-Levels, two totally objective systems for day-trading index futures contracts. Both R-Breaker and R-Levels have consistently appeared in Futures Truth’s top ten lists of performance for trading systems available to the public. In the May/June 1996 issue of Futures Truth, R-Breaker ranked as the number one system since its release date.
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