New Trading Systems and Methods (Wiley Trading Series) / Edition 4by Perry J. Kaufman
Pub. Date: 02/25/2005
As markets evolve, so must the strategies used to trade them. No one understands this more than Perry Kaufmanone of today's most respected futures experts. For more than twenty-five years, traders have turned to Kaufman's classic Trading Systems and Methods for complete information about the latest, most successful indicators, programs, algorithms, and… See more details below
As markets evolve, so must the strategies used to trade them. No one understands this more than Perry Kaufmanone of today's most respected futures experts. For more than twenty-five years, traders have turned to Kaufman's classic Trading Systems and Methods for complete information about the latest, most successful indicators, programs, algorithms, and systems. Now, in New Trading Systems and Methods, Fourth Edition, Kaufman thoroughly updates his bestselling guideadding more systems, more methods, and an extensive array of risk analysis techniquesand shows you the best ways to trade today's futures and equities markets. The companion CD-ROM, which contains TradeStation® code and Excel spreadsheets, has been added to help you electronically implement the systems and methods mentioned throughout the book.
New Trading Systems and Methods, Fourth Edition provides you with a complete understanding of the tools and techniques needed to develop or choose a trading program that is right for you. It begins with a discussion of basic concepts, including definitions, how much data to use, how to create an index, some statistics and probability, and other tools that will be used throughout the book, then moves on to techniques that are most important to tradingidentifying the trend and momentum. Other chapters are organized by common grouping so that you can compare the different ways that similar problems have been solved. The systematic approach to charting has been significantly expanded in this edition, showing how various patterns can be compared to other systematic methods, or how techniques such as identifying support and resistance, or channels, can be computerized. Examples include a wide range of futures and stocks.
New Trading Systems and Methods, Fourth Edition doesn't attempt to prove that one system is better than another, because it's impossible to know what will happen in the future or how you will cleverly apply these techniques. Instead, it tries to evaluate the conditions under which certain methods are likely to do better and the situations that will be harmful to specific approaches. By grouping similar systems and techniques together, you'll be able to personally compare the differences and study the results. Seeing how analysts have modified existing ideas can help you decide how to proceed and give you an understanding of why you might choose one path over another. Since no trader can be successful without controlling risk, this edition also includes expanded coverage of portfolio allocation, which will allow you to efficiently balance trading exposure.
As the competition for trading profits gets keener, you need to look for more innovativeand sometimes more extensivesolutions. You need strategies that are different from those of other traders. You need the tools, skills, and awareness that only New Trading Systems and Methods, Fourth Edition can provide.
Table of Contents
Chapter 1: Introduction.
Chapter 2: Basic Concepts.
Chapter 3: Charting.
Chapter 4: Charting Systems and Techniques.
Chapter 5: Event-Driven Trends.
Chapter 6: Regression Analysis.
Chapter 7: Time-Based Trend Calculations.
Chapter 8: Time-Based Trend Systems.
Chapter 9: Momentum and Oscillators.
Chapter 10: Seasonality.
Chapter 11: Cycle Analysis.
Chapter 12: Volume, Open Interest, and Breadth.
Chapter 13: Spreads and Arbitrage.
Chapter 14: Behavioral Techniques.
Chapter 15: Pattern Recognition.
Chapter 16: Day Trading.
Chapter 17: Adaptive Techniques.
Chapter 18: Price Distribution Systems.
Chapter 19: Multiple Time Frames.
Chapter 20: Advanced Techniques.
Chapter 21: System Testing.
Chapter 22: Practical Considerations.
Chapter 23: Risk Control.
Chapter 24: Diversification and Portfolio Allocation.
Appendix 1: Statistical Tables.
Appendix 2: Method of Least Squares.
Appendix 3: Matrix Solution to Linear Equations and Markov Chains.
Appendix 4: Trigonometric Regression for Finding Cycles.
Appendix 5: Fourier Transformation.
Appendix 6: Construction of a Pentagon.
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