Screen LibraryBuilding reliable trading systems tradable strategies that perform as they backtest and meet your risk-reward goals /
Award winning system developer explains how to create, test, and implement a profitable trading system/b Traders have long been drawn to the idea of translating their strategies and ideas into trading systems. While successful trading systems have been developed, in most cases, they work very well f...
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| Main Authors: | |
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| Published: |
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| Literature type: | eBook |
| Language: | English |
| Series: |
Wiley trading series. |
| Subjects: | |
| Online Access: |
http://onlinelibrary.wiley.com/book/10.1002/9781118656617 |
| Summary: |
Award winning system developer explains how to create, test, and implement a profitable trading system/b Traders have long been drawn to the idea of translating their strategies and ideas into trading systems. While successful trading systems have been developed, in most cases, they work very well for a period of time in specific markets, but perform less well across all markets in all time frames. Nobody understands this better than author Keith Fitschen'a thought-leader in trading system development'and now, with iTrading Strategy Generation + Website/i, he shares his extensive experience in this field with you. iTrading Strategy Generation/i skillfully explains how to take market insights or trading ideas and develop them into a robust trading system. In it, Fitschen describes the critical steps a trader needs to follow, including: translating the market insight into a rules-based approach; determining entry and exit points; testing against historical data; and integrating money management and position sizing into the system.ulliWritten by an award winning system developer who has actively traded his systems for thirty years/liliIntroduces new ideas on money management and position sizing for different markets/liliDetails exactly what it takes to build, test, and implement a profitable technical trading systemliliA companion Website contains supplementary material, including Excel spreadsheets designed to rate the strength of entry signals and provide money management guidance based on market volatility and portfolio correlations/ul Written with the serious trader in mind, iTrading Strategy Generation/i is an accessible guide to building a system that will generate realistic returns over time. |
| Item Description: | Includes index. |
| Carrier Form: | 1 online resource (ix, 291 p.) : ill. |
| ISBN: |
9781118635810 (electronic bk.) 1118635817 (electronic bk.) 9781118635612 (electronic bk.) 1118635612 (electronic bk.) 9781118656617 (electronic bk.) 111865661X (electronic bk.) |
| Index Number: | HG6046 |
| CLC: | F830.91 |
| Contents: |
Building Reliable Trading Systems; Contents; Preface; Chapter 1 What Is a Tradeable Strategy?; Realistic Return/Risk Expectations; Metrics to Use in Gauging Tradeable System Performance; Know Yourself; Conclusion; Chapter 2 Developing a Strategy So It Trades Like It Back-Tests; Curve-Fitting; Curve-Fitting Using Good Development Practices on a Small Amount of Data; Curve-Fitting Is proportional to the Number of trades in the Development Sample; Testing the Hypothesis that Curve-Fitting Is Proportional to the Number of Trades in the Sample Using Real Trade Data; Testing for Curve-Fitting. BRAC ExampleBRAC versus Out-of-Sample Testing; Last Word on Curve-Fitting; Other Impediments to a Valid Back-Test; Assuming Every Point in a Bar Was a Trade Point; Dual Orders within a Bar; Realistically Accounting for Transaction Costs; Limit Order Mania; Conclusion; Chapter 3 Find the Path of Least Resistance in the Market You Want to Trade; Markets Are Different: Daily Bars; Results of the Three-Step Process for Stocks; Results of the Three-Step Process for Commodities; Results of the Three-Step Process for FX Pairs; FX Pairs Are Generally Considered Great Trenders. Counter-Trend-Following Stock Entry ObservationsConclusion; Chapter 5 Trading System Elements: Exits; Reversal Exit Signals (Stock Example); Exit Stops (Stock Example); Time-Based Exits (Stock Example); Profit Stops (Stock Example); Reversal Exit Signals (Commodity Example); Exit Stops (Commodity Example); Catastrophic Stops; Trailing Stops; Time-Based Exits (Commodity Example); Profit Stops (Commodity Example); Conclusion; Chapter 6 Trading System Elements: Filters; Trading-day-of-the-week Filter (Stocks); Longer-Term Trend Filter (Stocks); Volatility-Based Filters (Stocks). |