Book : Building Winning Algorithmic Trading Systems, Website

-Titulo Original : Building Winning Algorithmic Trading Systems, Website A Traders Journey From Data Mining To Monte Carlo Simulation To Live Trading (wiley Trading)

-Fabricante :

Wiley

-Descripcion Original:

Review Winner, 2014 Trading Book of The Year - Superior Trading And Resource (STAR) Award - TraderPlanet Winner, 2016 Trading Book of The Year - Superior Trading And Resource (STAR) Award - TraderPlanet Kevin Daveys book, Building Winning Algorithmic Trading Systems, is a complete description of developing trading systems. He begins with some personal anecdotes, including his experience and success in the World Cup Championship of Futures Trading, all of which create a background, and establish both credibility and rapport. The majority of the book is devoted to a step by step discussion of trading system development techniques. He covers everything-- goals, objectives, data, backtesting, optimization, validation, position sizing, and trading management. The topics are fully and clearly explained.The advice is realistic and practical. I highly recommend this book.- Howard Bandy - Author, Quantitative Technical Analysis: An integrated approach to trading system development and trading management, Modeling Trading System Performance and other quantitative trading booksGreat Eye Opener for Anyone Getting Into Automated Trading I typically dont buy trading books anymore having read 100 already. Why? Because most are the same regurgitated thoughts, patterns, analysis and strategies. I recently met Kevin on LinkedIn. After swapping a few emails, I quickly realized that he understands how to build and trade systems. His book is a simple and quick read even if you dont know anything about systems or programming. If you want a true taste of what its like to build trading systems you should read his book. - Chris Vermeulen, Founder of AlgoTrades Kevin Davey has a unique understanding of systems and the markets I have only seen in a few people over the years. 90% of trading books written today are useless. This book impressed me. This book is a must read for anyone who is interested in trading using a systematic approach. I put this book on my list of the top 50 most useful books on trading of all time. - Murray A. Ruggiero, Jr. - Chief Systems Designer at Tuttle Tactical Management, Contributing Editor of Futures Magazine, Author of Cybernetic Trading Strategies and Using Easy Language 9.X. Develop your own trading system with practical guidance and expert adviceIn Building Algorithmic Trading Systems: A Traders Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his secrets for developing trading systems that generate triple-digit returns. With both explanation and demonstration, Davey guides you step-by-step through the entire process of generating and validating an idea, setting entry and exit points, testing systems, and implementing them in live trading. Youll find concrete rules for increasing or decreasing allocation to a system, and rules for when to abandon one. The companion website includes Daveys own Monte Carlo simulator and other tools that will enable you to automate and test your own trading ideas.A purely discretionary approach to trading generally breaks down over the long haul. With market data and statistics easily available, traders are increasingly opting to employ an automated or algorithmic trading system-enough that algorithmic trades now account for the bulk of stock trading volume. Building Algorithmic Trading Systems teaches you how to develop your own systems with an eye toward market fluctuations and the impermanence of even the most effective algorithm.Learn the systems that generated triple-digit returns in the World Cup Trading ChampionshipDevelop an algorithmic approach for any trading idea using off-the-shelf software or popular platformsTest your new system using historical and current market dataMine market data for statistical tendencies that may form the basis of a new systemMarket patterns change, and so do system results. Past performance isnt a guarantee