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Technical Trading Systems for Stocks & Commodities
ISBN: 0934380457     Date Published: 1998-11-26     Author(s): Charles Patel
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Wasendorf & Associates Inc
204 Pages
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06/20/2013 01:35:19
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Editorial Review - Book Description:

This book is a gold mine of information for systems-oriented traders and should be regarded as a major contribution to the body of literature on the topic.

Most books on systems deal primarily with the steps and procedures involved in developing your own system, such as data selection, issues of optimization and curve-fitting, testing procedures, and evaluation of performance.

In contrast to others, this book is a collection of 82 systems already developed, with precise entry and exit rules already established.

The editors provide a short, detailed summary for each system. They leave no ambiguity whatsoever: Every step of the process for calculating signals is shown with exact mathematical precision and clarity. Many of the systems discussed come from well-known system developers and authors, amont them Larry williams, Don Worden, Richard Arms, Benjamin Crocker and Welles Wilder.

Of special note are eight systems developed by the late Richard Donchian, who never published his methods in any formal fashion and on whose work there is no reference material available in any form. I believe the systems detailed in this work encapsulate most of the technical work that Donchian developed, with the exception of such moving-average methods as his well-known 5-and 20-day system.

Many of the systems described herein were actually developed years ago, but in most cases, the original publications are no longer available in print. These would include such examples as William Dunnigan`s Thurst Method, George Cole`s Method, the Midian-line Method popularized by Dr. Alan Andrews and Gerald Appel, and the volume-based methods of Joseph Granville.

Customer Review:
Total Reviews: (3)
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16 of 17 People found the following review helpful.

Mediocre / unorganized, September 24, 2000 ByArnaldo Leon - See all my reviews This review is from: Technical Trading Systems for Commodities and Stocks (Hardcover) If you consider 10-day, 20-day and 40-day Donchian channel breakouts as 3 "different" systems, then yes, this book offers ~80 "different" systems. What peeved me was the fact that there were only 30 or so unique systems in the book. The other 50 were variations on the same theme. Half the book deals with various sorts of funky moving averages... not interesting, and not very useful. Also, the readability is extremely poor. It's a good buy at $15, but definitely not worth $50.
19 of 21 People found the following review helpful.

It depends what your looking for., August 29, 1999 By A Customer This review is from: Technical Trading Systems for Commodities and Stocks (Hardcover) The book gives the formulas for over 70 trading systems to be put into your computer. If that is what you are looking for then the book is great. Myself,I was looking for more how to stuff then math formulas of trading systems. I wanted to know how the systems worked and to have an explaination for them. The book does not do this. Again it gives you the formulas for some trading systems. For me that was way over my head considering I dont have a clue in how to program that stuff into my computer. So again it depends what your looking for.
7 of 7 People found the following review helpful.

System Traders Only, March 26, 2004 ByTracy D. Cline "tdcline94" (Broken Arrow, OK) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Technical Trading Systems for Commodities and Stocks (Hardcover) This book describes trading systems and I'm very happy to have found it. I have been trading futures for about a year now by the seat of my pants. I realized that it is extremely important to have a system to give you the necessary indicators to buy and sell, but none of the literature I've read up to this point described the system in enough detail to actually put it to use. I've read many futures trading books that describe money management, risk management, the importance of having a trading plan and system, but they never went into enough detail about specific systems. This book is a how-to book on trading systems. I'll admit there are only several main trading systems described with different "twists" to them, but if you are looking for the details regarding the main trading systems in use today this book is for you. This book contains the recipes required to implement a trading system.
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