Andrea Unger

SIAT Scientific Committee Member. CEO presso Unger Trading S.r.l.

Born in Tuttlingen (Germany) on 2/12/1966.
Graduated cum laude in Mechanical Engineering in 1990 at the internationally known “Politecnico di Milano” and member of MENSA Andrea became an independent trader in 2001 and focused on development of trading Systems. In 2004 he attended a seminar of Larry Williams to improve his skills and in 2005 he won the TopTraderCup in futures division with over 60% performance in 3 months. the same year he won the monthly race of the Tcup organized by the Italian broker IwBank with over 50% in one month. The obtained results allowed him to become honorary member of the “National Investment Consultant Organization” and to become graduated “honoris causa” in “Portfolio Management and Asset Allocation”.
In 2006 his mathematical mind led him to publish the first book in Italian language about Money Management .
In 2008, Andrea became the first Italian trader to win the most famous trading championship all over the world, he won The World Cup Trading Championships® in the futures division with an astonishing 672%.
In year 2009 Andrea became the first back to back winner of the competition in nearly 20 years winning again with 115%.
And in 2010 Andrea became the first trader ever winning the competition three years in a row ending first with 240%.
In 2012, after PFGBest bankruptcy Andrea enters the newly organized Q4 contest scheduled from October to December and wins with 82% performance.
Andrea is also a member of SIAT, the Italian Technical Analyses Organization member society of IFTA (International Federation of Technical Analysts) and is part of the technical committee of this society.
Andrea has been invited as a speaker to several important financial events in Italy (Milan, Rimini, Rome), Germany (Aschaffenburg, Frankfurt, Lohr am Mein) , Czech Republic (Prague) , China, Malaysia, Singapore, Dubai and New York.




CPU, Eyes and the Markets

Trading approaches follow today mostly 3 ways, the first is the well know discretionary approach based on chart studies, a second one is a pure algorithmic way to study and trade the markets and a third uses Algos to dig into data and general technical inefficiencies.
We don’t consider the third approach as that is nearly not even a trading game any longer transformed into a CPU battle to be faster in reading and acting.
Looking into the other two we notice that the pure algorithmic approach tries to start from the chartist way of reading the markets and automate what humans do; yet what the eyes see, filtering important information, is caught by the computer and a rough translation of most discretionary techniques is most often a failure, on the other hand the computer can analyze many more scenarios than any human being could even consider so these two approaches continue to move on parallel tracks never finding a meeting point.