Beyond Technical Analysis: How to Develop and Implement a Winning Trading System (Wiley Trading)
Language: English
Published by Wiley, 1996
- Hardcover
- Used
Seller: Flamingo Books, Menifee, CA, U.S.A.Flamingo Books
AbeBooks seller since August 22, 2013
Condition: Used - Very good
US$ 32.95
Quantity: 1 available
Add to basketItem description from seller
1997 Wiley (New York), 7 1/4 x 10 1/8 inches tall hardcover in publisher's unclipped dust jacket, green paper-covered boards, gilt lettering to spine, x, 267 pp. plus computer disk in pocket at rear of volume. Very slight edgewear to covers. Otherwise, a very good to near fine copy - clean, bright and unmarked, seemingly unread - in an only slightly edgeworn dust jacket which is nicely preserved and displayed in a clear archival Brodart sleeve. ~SP21~ [2.5P] A comprehensive guide for designing, testing, and executing proprietary trading systems for the futures and equities markets. The book's central thesis is that 'canned' or 'black-box' systems rarely lead to long-term success because they do not align with a trader's individual personality and beliefs. Instead, Chande provides a methodology for traders to build their own 'real-world' systems. The book is divided into two primary parts that bridge the gap between technical analysis and actual execution: * Development and Testing: Focuses on how a system performed on past data, covering basic rules, design foundations, and new systems (e.g., trend-following, pattern-based, and inter-market systems). * Future Performance & Risk Management: Explores how a system might perform in the future through equity curve analysis, risk control, and money management. Contents: Developing and Implementing Trading Systems; Principles of Trading System Design; Foundations of System Design; Developing New Trading Systems; Developing Trading System Variations; Equity Curve Analysis; Ideas for Money Management; Data Scrambling; A System for Trading; Selected Bibliography; Index; About the Disk. …
Seller Inventory # SP21-0262-15430
- Title
- Beyond Technical Analysis: How to Develop and Implement a Winning Trading System (Wiley Trading)
- Author
- Chande, Tushar S.
- Publisher
- Wiley
- Publication year
- 1996
- Condition
- Very Good
- Dust jacket
- Very Good
- Binding
- hardcover
- Language
- English
- ISBN 10
- 0471161888
- ISBN 13
- 9780471161882
- Item weight
- 40 ounces
- Dimensions
- 7x1x10
Now acclaimed system developer Tushar Chande shows you how to create "real-world" systems that meet your trading needs. A stimulating mix of cutting-edge techniques, timeless principles, and practical guidelines, Beyond Technical Analysis offers a comprehensive methodology to develop and implement your own system, bridging the gap between analysis and execution.
Chande begins with a crucial first step: assessing your trading beliefs. As he points out, "Your beliefs about price action must be at the core of your trading system. This allows the trading system to reflect your personality, and you are more likely to succeed with such a system over the long run." Once you've pinpointed your beliefs, you can then build effective systems around them.
To help you construct and use these systems, Chande starts with the basics and ends at the state of the art. With easy-to-read charts and numerous examples, Chande explores the following:
- Foundations: diagnosing market trends, the perils of optimization, setting initial stops, selecting data, choosing orders, and understanding the summary test results
- New systems: trend following, pattern-based, trend/anti-trend, inter-market, filtered and extraordinary market opportunity systems, plus variations
- Equity curve analysis: measuring smoothness, portfolio strategies, monthly equity curves, and triggering effects
- Money management: risk of ruin, projecting drawdowns, changing bet size
- Data scrambling: a new method to generate synthetic data for testing
- A system for trading: starting, risk control, compliance, full traceability
To foster consistent execution, Beyond Technical Analysis provides software that enables you to "paper trade" your system. A demo disk of Chande's $ecure trade management software and data scrambling utility will let you test your system on "true" out-of-sample data and track your emotions and P&L as you transition the system from computer table to trading desk.
A complete, concise, and thorough reference, Beyond Technical Analysis takes you step-by-step through the intricacies of customized system design, from initial concept through actual implementation.
Acclaim for Tushar Chande's revolutionary approach for developing and implementing your own winning trading system
"Tushar Chande provides insightful but clear-cut techniques which will enlighten the savant as well as the newcomer. I would urge traders of all levels of experience to apply Chande's tremendously useful strategies!" — Charles Le Beau President, Island View Financial Group Inc., author, Computer Analysis of the Futures Market
"The chapter on 'Equity Curve Analysis' alone will share with you concepts which have cost large trading houses millions of dollars to discover." —Murray A. Ruggiero, Jr. Contributing Editor, Futures Magazine President, Ruggiero Associates
"Tushar Chande is an accomplished quantitative technician, but in this book he's gone far beyond grinding numbers. His coverage of system development is the first thorough treatment disclosing both specific trading systems and the practicalities of their implementation." — John Sweeney Technical Editor, Technical Analysis of Stocks & Commodities magazine author, Maximum Adverse Excursion: Analyzing Price Fluctuations for Trading Management
"For any aspiring CTA, this is a must-read on developing [his or her] trading system." — Rick Leesley Jack Carl Futures
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About the Author
"About the title" may belong to another edition of this title.
Flamingo Books
Menifee, CA, U.S.A.
AbeBooks seller since August 22, 2013
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