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Anonymous
Posted November 23, 2003
Where do I begin? The book is a survey of trading systems wrapped in technical analysis within a software framework. And that is the genius of the book: it ties everything together for the mechanical trader. While the text seemed familiar, it covered bits and pieces that I haven't seen before in other books. So, one can learn about pairs trading and float analysis but even better have a free code framework for multiple trading systems. For example, the programmer is able to select among several position sizing models taken from Tharp's book. Moreover, modules for trade management are provided to implement stop losses and profit targets. Yes, the systems run out of the box, but I can see why some will be disappointed. These guys aren't handing over the Holy Grail, but then who does? That is not to discount a few of the systems in the book -- they were clearly designed by inventive programmer(s) with sound principles. In fact, two of the systems test very well historically. Given the proliferation of pattern-based trading, I believe this book advances the ball by providing more (yet not complete) accountability by authors of trading books. So is this book for professional stock traders? Yes, in the sense that it presents a disciplined approach to trading multiple systems and unifying these systems through a common trade management model. The code is modular and could (may) have been written by a very good software engineer. The only deficiencies are the lack of system settings for each chart and comprehensive performance results for all of the systems. I recommend this book and am a satisfied customer.
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Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted September 2, 2002
I was hesitant at first to buy a book that wasn¿t from one of the big publishers but took a shot. Unlike some of the trash that¿s been foisted on the public the past few years, this is an elegant piece of work. I know this may sound trivial, but there isn¿t a typo in the whole book ¿ nice to see someone actually edit a book without rushing it to market. The charts and examples are beautifully laid out. Here¿s another thing: the size of the book is 6 x 9, which means I can jam it in the backpack unlike some of those oversized Bible-like monstrosities with lots of flowery words.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted September 2, 2002
This is the real deal, and I truly believe that this book has some revolutionary concepts. They developed a pattern recognition system that recognizes combinations of bar patterns, candlestick formations, and breadth indicators. They also automate some of the recent interesting work from Steve Woods and his float analysis stuff, not to mention a complete pair trading system. The book emphasizes the automation aspect more than trading system design, and I would have liked to see them step through the design of one of their systems from conception to implementation, but certainly I had a lot of ideas just from reading the book. I sense the authors have a lot more to give and look forward to future editions of the book. I would like to see them eventually include code for other trading platforms such as MetaStock or WealthLab.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted November 28, 2008
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