Trading Systems That Work: Building and Evaluating Effective Trading Systems

Author - Thomas Stridsman ... [Goo?] [Posters]

This Hardcover Book item from McGraw-Hill was reviewed on 7-Nov-2008.

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1) Hardcover Book Trading Systems That Work: Building and Evaluating Effective Trading Systems by McGraw-Hill. This is good for programmers. It´s a bit beyond me but I still got some useful stuff out of it that gave me an edge so that made it worth it. If someone is a programmer, this is your book. He´s great and gets you thinking.¤

2) Hardcover Book Trading Systems That Work: Building and Evaluating Effective Trading Systems by McGraw-Hill. remember: there is no such thing as a free lunch..you have to build systems yourself and test test test and then optimise a bit.(I said a bit :-)¤

3) Hardcover Book Trading Systems That Work: Building and Evaluating Effective Trading Systems by McGraw-Hill. If you want a caned system, this is not the book for you. What this book will teach you is how to evaluate a system that you are developing. It is a little hard to read, but the excel formulas are worth it.
It covers the essetials of a good trading system (entry, exit and money management) and explains why not all good trading systems are profitable. (All profitable trading systems must be good first).¤

4) Hardcover Book Trading Systems That Work: Building and Evaluating Effective Trading Systems by McGraw-Hill. Very good book for serious system developers. Most books on the topic present a system, optimize it so it fits a particular market, show couple of very convincing graphs and voila, here is the contribution to the trading science.

In this book the author presents system development in the context of portfolio trading: a robust system should work in a variety of markets. Stridsman takes you through his process of testing a system, from setting the data, to performance measures. Results of his systems, by the way, are not "fantastic", and that for me adds credibility. Analysis of his systems is done in a statistical manner, so that all aspects of a system are set up using statistical methodology, as opposed to conventional wisdom. A lot of work is also done in an attempt to introduce some degree of predictability in the author´s trading approach. Aspects of system design are discussed in sophisticated detail: MAE, MFE, kurtosis, different types of drawdown, trade efficiency etc.

His optimization techiques are interesting. This is the first time I have seen the use of surface graphs to present two-variable optimization.

Not once in this book I have sensed an advertisement for the author´s methods. The author simply discusses his approach. There is no hype, exclamation marks. The book is very concentrated and packed with ideas, which can be applied to any other system or markets. I don´t think it would be possible to make it any shorter.

Good value for money if you like quantitative approach to trading.


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5) Hardcover Book Trading Systems That Work: Building and Evaluating Effective Trading Systems by McGraw-Hill. If you´re building a computer based trading system, this title offers some interesting insight. There are several example trading systems that implement commonly used system features, and these systems are analyzed and commented on. But this is far from a blueprint--the methods used are too rough to actually use as defined, and the descriptions are very confusing in many places. Included TradeStation code is a bit easier than most to understand, but that´s not saying much. Every time I read this book, I feel like my time would be better spent reviewing Conway & Behle´s "Professional Stock Trading: System Design and Automation", which covers much of the same material but with considerably more coherance.¤

6) Hardcover Book Trading Systems That Work: Building and Evaluating Effective Trading Systems by McGraw-Hill. Today’s computer trading programs can be a godsend to traders looking for an extra edge. They can also be filled with dangerous—and expensive—pitfalls for the uninitiated. Trading Systems That Work reviews and analyzes today’s major software programs, and helps traders determine which will work best for their personal trading style and habits—and which could actually work against them. Emphasizing Tradestation and Excel (the two most popular software trading programs), this valuable guidebook covers all aspects of building, understanding, and evaluating a system. Traders will keep Trading Systems That Work handy for its: *Clear, step-by-step assistance with intricate systems *Techniques to evaluate the true performance of any system¤

Page Updated: Robert N. Goolsby, 5-Dec-2008, 007135980X639785324416, 950-0X0-4X0-7X0-640-530-8

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