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The Encyclopedia of Trading Strategies
ISBN: 0070580995     Date Published: 2000-02-29     Author(s): Jeffrey Owen Katz Ph.D., Donna L. McCormick
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Hardcover
McGraw-Hill
376 Pages
 
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06/20/2013 01:24:02
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Editorial Review - Book Description:
The Encyclopedia of Trading Strategies is for traders who want to take the next step to consistently profitable trading. The authors--themselves seasoned veterans of the futures trading arena--pinpoint the trading methods and strategies that have been shown to produce market-beating returns. Their rigorous and systematic backtesting of each method, using the same sets of markets and analytic techniques, provides a scientific, system-based approach to system development...to help you assemble the trading system that will put you on the road to becoming a more consistently profitable trader.
 
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Total Reviews: (32)
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110 of 114 People found the following review helpful.

Good principles, good start for programming systems, November 11, 2000 ByRonald Davis (portland) - See all my reviews This review is from: The Encyclopedia of Trading Strategies (Hardcover) The authors cover the ground of "Build a Trading Program" quite effectively. They have presented results using systems built around traditional technical indicators and their own "standard exit" method. These they use to show how to evaluate systems. This brief summary understates considerably the material presented on entries.Differing entry techniques (limit, stop & market)are examined in the context of each "system." The reader is thus exposed to both the methodology of statistical evaluation and to "how it feels" to use this technique or that. The authors actually start the book with an introduction to data types, availability and time frame; the bare-bones of needed statistical material; simulators (programs to simulate trading); and, optimizers and optimizing. I scanned the material, due to my own familiarity with it. It seems like good background. One point I've not seen elsewhere is the suggestion to optimize for high Student-t...
 
64 of 65 People found the following review helpful.

Indispensable for automated trading system builders!, April 5, 2001 ByDr. Gavin R. Ferris (London, UK) - See all my reviews This review is from: The Encyclopedia of Trading Strategies (Hardcover) Most books on trading assume either that the reader never got to college, or else that they never left. This one, however, is different, rapidly bringing the technical but non-specialist reader up to speed in the principled construction of automated trading engines.If you have a reasonably numerate background, perhaps with some software development experience, and have found yourself drawn to the concept of constructing your own mechanical trading system, you owe it to yourself to read this text. Quite simply, it is superb. The authors begin by describing the core components of a sound system, including the application of statistical inference and the selection of appropriate sample sets for back-testing. They then go on to provide a set of normalised comparisons of various trading 'rules' for entry and exit (e.g., breakouts, MAVs, oscillators, neural net predictors, etc.) together with discussion of optimisation systems (such as simulated annealing and genetic refinement). The...
 
83 of 87 People found the following review helpful.

A Complete Insight Into Encyclopedia of Trading Strategies, April 23, 2003 ByTradingmarkets.com (Los Angeles, CA) - See all my reviews This review is from: The Encyclopedia of Trading Strategies (Hardcover) The Encyclopedia Of Trading Strategies provides a solid foundation for developing the skills and knowledge base to develop one's own set of quantifiable trading rules and for developing a reliable trading "system." The book begins laying the foundation with a description of the tools necessary to construct a system. Data -- the cleaner, naturally, the better -- is the point of departure. A discussion of simulators -- software that allows you to simulate trading -- ensues and walks you through the mechanics of interpreting output and determining their reliability and power. A discussion of optimizers, or tools that find the best possible solutions to a problem follows, critically describing the major types of optimization and products available and how to achieve success, or failure, in their implementation.Statistics for systems analysis are the next tool detailed. Without statistics, there is no way of knowing whether the profits (or losses) resulting from a tested system...
 
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