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Quantitative Trading Strategies (The Irwin Traders Edge Series)
ISBN: 0071412395     Date Published: 2003-07-16     Author(s): Lars Kestner
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Hardcover
McGraw-Hill
256 Pages
 
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06/20/2013 01:24:37
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Editorial Review - Book Description:
Harnessing the Power of Quantitative Techniques to Create a Winning Trading ProgramLars Kestner Quantitative Trading Strategies takes readers through the development and evaluation stages of today`s most popular and market-proven technical trading strategies. Quantifying every subjective decision in the trading process, this analytical book evaluates the work of well-known `quants` from John Henry to Monroe Trout and introduces 12 all-new trading strategies. It debunks numerous popular misconceptions, and is certain to make waves--and change minds--in the world of technical analysis and trading.



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Harnessing the Power of Quantitative Techniques to Create a Winning Trading ProgramLars Kestner Quantitative Trading Strategies takes readers through the development and evaluation stages of today`s most popular and market-proven technical trading strategies. Quantifying every subjective decision in the trading process, this analytical book evaluates the work of well-known `quants` from John Henry to Monroe Trout and introduces 12 all-new trading strategies. It debunks numerous popular misconceptions, and is certain to make waves--and change minds--in the world of technical analysis and trading.
 
Customer Review:
Total Reviews: (17)
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49 of 51 People found the following review helpful.

Easy to follow, but not much insight., September 5, 2003 By"yin_luo" (Toronto, ON CANADA) - See all my reviews This review is from: Quantitative Trading Strategies: Harnessing the Power of Quantitative Techniques to Create a Winning Trading Program (McGraw-Hill Trader's Edge Series) (Hardcover) This is probably a book for ordinary investors, but certaily not for "Quant". The book is definitely very easy to follow. However, other than a few technical analysis tools, Kestner didn't really address quantitative investing. He just provided a few computer printouts for a few technical strategies - no fundamental data or "real" quantitative tools were ever used. If you don't have the math/statistics/finance backgroud, but want to learn how to systematically use technical analysis, buy this book. For serious Quants, don't worry about it.
 
85 of 97 People found the following review helpful.

Don't buy this book, May 26, 2005 ByIr Balli (London) - See all my reviews This review is from: Quantitative Trading Strategies: Harnessing the Power of Quantitative Techniques to Create a Winning Trading Program (McGraw-Hill Trader's Edge Series) (Hardcover) I am trading since 10 years, lead two hedge funds and I am about to finish my study in Msc of Mathematical trading and Finance. This is the first review I wrote, because I always found it helpfull if somebody prevented me from buying a useless book. This is definitely useless book! Lars Kestners 11 new trading strategies described as "new" are at least 20 years old (moving average crossover, MACD, stochastic crossover, momentum, 3 in a row to mention some). The author has the nerves even to document how negative this straegies performed. Hence his stragies are old and were already at that time useless. The infomation content is appart from the title, the name of theauthor and the price = zero. Any novice that is able to spell "technical analysis" knows more about trading systems than this book teaches you. I don't even to mention that the this book has nothing to do with quantitative except you declare a moving average, a log function or the ADX...
 
20 of 22 People found the following review helpful.

Not substantive enough, October 18, 2005 ByAtherton Reader (Atherton, CA) - See all my reviews This review is from: Quantitative Trading Strategies: Harnessing the Power of Quantitative Techniques to Create a Winning Trading Program (McGraw-Hill Trader's Edge Series) (Hardcover) I must agree with reviewer Ira Balli from London below. This book lacks substantive information regarding the quantitative methods and therefore is merely an introduction to quant ideas that have been discussed in the marketplace. Of course, anyone who might have proprietary and successful quant methods would be foolhardly to disclose them, so one should not expect that from any public writer. As an alternative, some of the chapters covering quant strategies in "Trade Like a Hedge Fund : 20 Successful Uncorrelated Strategies & Techniques to Winning Profits" by James Altucher may be easier to read as introductory work.
 
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