Beyond Technical Analysis: How to Develop and Implement a Winning Trading System (Wiley Finance) - Hardcover

Chande, Tushar S.

Hardcover

ISBN 10: 0471161888 ISBN 13: 9780471161882

Verlag: John Wiley & Sons Inc, 1996

Inhaltsangabe

Book by Chande Tushar S

Über diesen Titel

Reseña del editor

This disk/book offers a detailed, specific methodology for designing, testing, and implementing a trading system. Additionally, the techniques Chande presents, along with software, should allow the reader to estimate how well he or she can cope with the day-to-day pressures of implementing the system when their capital is at risk and emotions are involved. Disk 1 provides a program enabling users to write a trade plan, create orders, rate their confidence for specific trades, and run P&L statements. Disk 2 is a demo disk for Secure Trade Management Software.

Nota de la solapa

Beyond Technical Analysis A bulletproof trading system is essential for trading success. You also need an effective system for trading to implement that trading system consistently. Otherwise, your trading experience will be stressful at best and insanely inconsistent at worst. Though you can always get a "canned" black-box trading system, few traders ever stick with them for long: experts agree that the ideal system for each trader is unique to his or her trading styleproprietary systems created by the individual. Now acclaimed system developer Tushar Chande shows you how to create "real-world" systems that meet your trading needs. A stimulating mix of cutting-edge techniques, timeless principles, and practical guidelines, Beyond Technical Analysis offers a comprehensive methodology to develop and implement your own system, bridging the gap between analysis and execution. Chande begins with a crucial first step: assessing your trading beliefs. As he points out, "Your beliefs about price action must be at the core of your trading system. This allows the trading system to reflect your personality, and you are more likely to succeed with such a system over the long run." Once youve pinpointed your beliefs, you can then build effective systems around them. To help you construct and use these systems, Chande starts with the basics and ends at the state of the art. With easy-to-read charts and numerous examples, Chande explores the following: Foundations: diagnosing market trends, the perils of optimization, setting initial stops, selecting data, choosing orders, and understanding the summary test results New systems: trend following, pattern-based, trend/anti-trend, inter-market, filtered and extraordinary market opportunity systems, plus variations Equity curve analysis: measuring smoothness, portfolio strategies, monthly equity curves, and triggering effects Money management: risk of ruin, projecting drawdowns, changing bet size Data scrambling: a new method to generate synthetic data for testing A system for trading: starting, risk control, compliance, full traceability To foster consistent execution, Beyond Technical Analysis provides software that enables you to "paper trade" your system. A demo disk of Chandes $ecure trade management software and data scrambling utility will let you test your system on "true" out-of-sample data and track your emotions and P&L as you transition the system from computer table to trading desk. A complete, concise, and thorough reference, Beyond Technical Analysis takes you step-by-step through the intricacies of customized system design, from initial concept through actual implementation.

Details zur Ausgabe

• Verlag: John Wiley & Sons Inc
• Erscheinungsdatum: 1996
• ISBN 10: 0471161888
• ISBN 13: 9780471161882
• Einband: Tapa dura
• Sprache: Englisch
• Anzahl der Seiten: 288