Creating Successful Algorithmic Trading
THE NO-FRILLS APPROACH TO BUILDING SUCCESSFUL ALGORITHMIC TRADING SYSTEMS
When Perry Kaufman started creating automated systems to trade in the early 1970s, the very idea was demeaned by professional traders as "ridiculous." Now, high-frequency trading is attacked for its unfair advantage that "steals money from the ordinary investor." In A Guide to Creating a Successful Algorithmic Trading Strategy, Perry puts the power in your hands by pulling back the curtain on algorithmic trading.
Whether you're a professional trader or money manager looking to perfect your own automated trading system or an individual investor who wants financial control with today's technological advantages, this compact guide gives you a sophisticated approach to building successful algo trading systems in a user-friendly, how-to format. More than merely a step-by-step book to backtesting, this expert guide culls the author's vast experience over forty years, through all types of markets, to illustrate why achieving success in trading is not about buying and selling at a profit, but fully hinges on developing the right trades and then managing their risk. The proven guidelines inside for building a reliable trading system from the ground up give you the necessary theory and historical perspective to develop your system with confidence and the technical know-how to fine-tune it to your specific parameters and risk. Keep the expertise sought after the world over at your fingertips to:
- Include the right depth of rules in your algorithms
- Avoid common traps at each step of development and testing
- Know exactly when your algo system is ready to stop paper trading and make real profits
From developing insights as a trader and turning those insights into profitable strategies all the way to the critical realities of trading for a living this masterpiece guide boils down more than four decades of high-level experience into a clear framework that lets you compete with the experts.
Auteur | | Perry J. Kaufman |
Taal | | Engels |
Type | | Hardcover |
Categorie | | Economie & Financiƫn |