Trading Systems and Methods, + Websiteby Perry J. Kaufman
When it comes to the last word on trading systems, one name stands out from the rest, internationally: Perry J. Kaufman. Not coincidentally, for nearly thirty years, the book that traders of every ilkfrom first-time day traders to veteran position tradershave turned to for in-depth, how-to information on the latest and best practices in trading… See more details below
When it comes to the last word on trading systems, one name stands out from the rest, internationally: Perry J. Kaufman. Not coincidentally, for nearly thirty years, the book that traders of every ilkfrom first-time day traders to veteran position tradershave turned to for in-depth, how-to information on the latest and best practices in trading systems has been Trading Systems and Methods.
That's because, with each successive edition, Perry Kaufman went to extraordinary lengths, personally reviewing, testing, and comparing scores of technical indicators, charting techniques, algorithms, trading software, and trading systems. He carefully winnowed out those that had outlived their usefulness and he introduced newer tools and techniques, more suitable to the trading environment of the moment. All done in an effort to bring his readers the freshest, most comprehensive, and authoritative coverage of systematic trading strategies, tools, and techniques.
In keeping with that tradition, the Fifth Edition of the classic guide has been substantially revised and updated for the realities of a post-financial crisis world. It now features expanded coverage of risk controlfrom the level of the individual trade to the portfolio, and everything in between. It also contains dozens of updated and entirely new charts and examples, along with more programs and spreadsheets. And the companion website has been fully updated with TradeStation, Version 9 (with accompanying source code) and Excel 2010 spreadsheets.
But Trading Systems and Methods is more than just an encyclopedia of contemporary quantitative techniques and programs. It is also a handy primer, providing you with the knowledge and skills you need to choose or design a system perfectly suited to your trading style and goals.
Writing in clear, accessible prose, Kaufman schools you in the basics, walking you through everything from how much data to use and how to create an index, to how to measure risk and how to integrate basic statistics and probability into your trading system. He gets you up to speed on the full range of trading essentials, including trends, momentum, arbitrage, and more. And he provides you with a complete understanding of each method and technique coveredhighlighting the similarities between them and describing useful variations on manywhile providing expert tips on how to deploy each to your best advantage.
As the markets evolve, so must the strategies you use to trade them. Arming you with the tools, skills, and acumen you need to keep ahead of the pack and achieve the kinds of returns you want and deserve, Trading Systems and Methods, Fifth Edition is an indispensable tool of the trade.
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