Customize your trading plan for greater profits using the mostpopular charting software The majority of professional and individual traders use somekind of trading software on which to base their strategies. Withover 100,000 users, the most popular trading software today isTradeStation, published by TradeStation Technologies. While thissoftware is favored by many, TradeStation's computer language canbe confusing, especially for the novice. TradeStation Made Easy! is the first and only book to explainexactly how to use the unique computer language behind thisbestselling software program. It is not meant as a replacement forthe TradeStation manuals, instead it will cover the essence ofprogramming in EasyLanguage and focus on a consistent set of dataand an elementary system throughout. * An easily understood guide to TradeStation that also providestips for the user in designing a personalized trading system * Endorsed by the software provider TradeStationTechnologies * Written in a straightforward manner, that is accessible evenfor those with little computer experience TradeStation Made Easy! fills a much-needed gap in thisarea and puts the basics of EasyLanguage in perspective. With it,you'll be able to write simple and intermediate programs that willaccurately express your theories and ideas about whatever marketinterests you.
The updated edition of the guide to building trading systems that can keep pace with the market The stock market is constantly evolving, and coupled with the new global economic landscape, traders need to radically rethink the way they do business at home and abroad. Enter Building Winning Trading Systems, Second Edition, the all-new incarnation of the established text on getting the most out of the trading world. With technology now a pervasive element of every aspect of trading, the issue has become how to create a new system that meets the demands of the altered financial climate, and how to make it work. Giving voice to the question on every trader and investor's lips, the book asks, "How can we build a trading system that will be paramount for our increasingly stressed markets?" The answer? Establish mechanical trading systems that remove human emotion from the equation and form the cornerstone of a complete trading plan and with greater agility, characteristics that are more important than ever given the kinetic pace of the markets. Presents an all-new strategy for trading systems that will show traders how to create systems that will work in the twenty first century Expert advice from highly respected trading authority, George Pruitt Includes a new website featuring updated TradeStation code and shows how to use the world's best investment software platform to develop and utilize trading systems that really work Once again paving the way for traders who want to adapt to their environment, Building Winning Trading Systems, Second Edition combines expertise in indicator design and system building in one indispensable volume.
Customize your trading plan for greater profits using the mostpopular charting software The majority of professional and individual traders use somekind of trading software on which to base their strategies. Withover 100,000 users, the most popular trading software today isTradeStation, published by TradeStation Technologies. While thissoftware is favored by many, TradeStation's computer language canbe confusing, especially for the novice. TradeStation Made Easy! is the first and only book to explainexactly how to use the unique computer language behind thisbestselling software program. It is not meant as a replacement forthe TradeStation manuals, instead it will cover the essence ofprogramming in EasyLanguage and focus on a consistent set of dataand an elementary system throughout. * An easily understood guide to TradeStation that also providestips for the user in designing a personalized trading system * Endorsed by the software provider TradeStationTechnologies * Written in a straightforward manner, that is accessible evenfor those with little computer experience TradeStation Made Easy! fills a much-needed gap in thisarea and puts the basics of EasyLanguage in perspective. With it,you'll be able to write simple and intermediate programs that willaccurately express your theories and ideas about whatever marketinterests you.
Develop your own trading system with practical guidance and expert advice In Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his secrets for developing trading systems that generate triple-digit returns. With both explanation and demonstration, Davey guides you step-by-step through the entire process of generating and validating an idea, setting entry and exit points, testing systems, and implementing them in live trading. You'll find concrete rules for increasing or decreasing allocation to a system, and rules for when to abandon one. The companion website includes Davey's own Monte Carlo simulator and other tools that will enable you to automate and test your own trading ideas. A purely discretionary approach to trading generally breaks down over the long haul. With market data and statistics easily available, traders are increasingly opting to employ an automated or algorithmic trading system—enough that algorithmic trades now account for the bulk of stock trading volume. Building Algorithmic Trading Systems teaches you how to develop your own systems with an eye toward market fluctuations and the impermanence of even the most effective algorithm. Learn the systems that generated triple-digit returns in the World Cup Trading Championship Develop an algorithmic approach for any trading idea using off-the-shelf software or popular platforms Test your new system using historical and current market data Mine market data for statistical tendencies that may form the basis of a new system Market patterns change, and so do system results. Past performance isn't a guarantee of future success, so the key is to continually develop new systems and adjust established systems in response to evolving statistical tendencies. For individual traders looking for the next leap forward, Building Algorithmic Trading Systems provides expert guidance and practical advice.
"I vowed to one day write a book so that other novices would nothave to go through the same grueling process to learn abouttrading."--Sunny Harris With a surge in the number of people trying their hand at tradingtoday--baby boomers, retirees, individual investors--it's moreimportant than ever to develop a solid working knowledge of therudiments of this potentially profitable practice. Trading 101 is aclearly written, concise, and thorough introduction to thebasics. The author, renowned for her successful Trading 101 seminars,creates an indispensable reference covering everything fromcharting techniques and trading vehicles to technical analysis andcurrent market buzzwords. With easy-to-read charts and graphssupplementing the text, this is an invaluable resource for completeinformation on: * The whats and the how-tos: What is a put? What is a call? How doI place a trade? How do I select a broker? * Fundamental analysis and its economic indicators -- leadingindicators, real GDP, interest rates, productivity * Developing your own trading system--design, costs, backtestingthe system, and evaluating your performance * Obtaining fundamental data--bulletin board services, commercialdata vendors, the Internet, chart services * Setting up your trading as a business -- developing a businessplan, legal and tax questions, back office services * Discipline--sticking to your system, finding coaches that canhelp you stay motivated, keeping a diary Trading 101 also provides details on which newsletters offerdependable investment advice, how to choose the best discountbrokerage, and which of today's computers and financial softwarepackages are the best for planning and evaluating trades. Complete with glossary, bibliography, and listings of networkingand educational meetings on the Internet, as well as beginnerseminars and conferences, software vendors, and recommended books,this comprehensive, easy-to-use guide is the one to have in handbefore entering the unpredictable and competitive world oftrading. Praise for Trading 101 "Trading 101 should be required reading for every new orprospective futures trader. It provides more solid information andall-around knowledge than any other book I've ever seen on thesubject. It receives my unqualified endorsement and takes top placeon my list of recommended titles for futures traders."--EdwardDobson, President, Traders Press, Inc. "Trading 101 is a great idea. There was nothing like this when Istarted out. The novice trader now has a place to start the search.Oh, the time it would have saved me!"--John Bollinger, CFA, CMT,President, Bollinger Capital Management, Editor, The Capital GrowthLetter "Sunny has done a great job in bringing a highly complex anddiverse topic to the level of human understanding--must reading forevery new trader."--Jake Bernstein, author The Investor's Quotient,Second Edition
Andrew Goodwin, a highly successful registered investment advisor, has produced a treasury of professional trading tactics while employed with two famous hedge funds. This is a collection of trading systems and techniques with specific entry and exit rules. TradeStation TM code is provided for most, and TradeStation TM users will have a field day working with this collection of original ideas.
Easing Into EasyLanguage - Foundation Edition: This is the first book in the series and is designed for the beginner who wants to learn as much of the basics of EasyLanguage so that they can program their ideas, plot them on a chart and then back test them. UPDATE - REMEMBER YOU GET OVER 4 HOURS OF VIDEO INSTRUCTION with the purchase of the book! This book takes you from looking at a blank screen and scratching your head to developing trading systems that use indicators such as RSI and Stochastics, Fixed Fractional money management, and protective stops and profit objectives. All sample code will be provided via website download and the author will have support videos available to readers. Complete trading systems will be provided for demonstration purposes. From these templates the reader can use the code as a "Foundation" for further investigation. Again this is a beginners edition and the subsequent books in the series will build upon this edition. The only prerequisite required is the ability to create a chart in either TradeStation or Multi-Charts and then open the TradeStation Development Environment (TDE) or the PowerLanguage Editor (PLE). All code will be provide in an ELD (EasyLanguage Archive) and can easily be imported into TradeStation or Multi-Charts. For those who use TradeStation, workspaces will be made available. Other platform users, such as MultiCharts, will be able to create workspaces by the descriptions in the books. Even if you want to start developing intra-day systems, you should start with the Foundation Edition to build a solid knowledgebase of EasyLanguage. Before you can learn Calculus you must go through Algebra first. The second book in this series will cover everything you want or need to know to test minute bars.
This is not just another book with yet another trading system. This is a complete guide to developing your own systems to help you make and execute trading and investing decisions. It is intended for everyone who wishes to systematise their financial decision making, either completely or to some degree. Author Robert Carver draws on financial theory, his experience managing systematic hedge fund strategies and his own in-depth research to explain why systematic trading makes sense and demonstrates how it can be done safely and profitably. Every aspect, from creating trading rules to position sizing, is thoroughly explained. The framework described here can be used with all assets, including equities, bonds, forex and commodities. There is no magic formula that will guarantee success, but cutting out simple mistakes will improve your performance. You'll learn how to avoid common pitfalls such as over-complicating your strategy, being too optimistic about likely returns, taking excessive risks and trading too frequently. Important features include: - The theory behind systematic trading: why and when it works, and when it doesn't. - Simple and effective ways to design effective strategies. - A complete position management framework which can be adapted for your needs. - How fully systematic traders can create or adapt trading rules to forecast prices. - Making discretionary trading decisions within a systematic framework for position management. - Why traditional long only investors should use systems to ensure proper diversification, and avoid costly and unnecessary portfolio churn. - Adapting strategies depending on the cost of trading and how much capital is being used. - Practical examples from UK, US and international markets showing how the framework can be used. Systematic Trading is detailed, comprehensive and full of practical advice. It provides a unique new approach to system development and a must for anyone considering using systems to make some, or all, of their investment decisions.
A newly expanded and updated edition of the trading classic, Design, Testing, and Optimization of Trading Systems Trading systems expert Robert Pardo is back, and in The Evaluation and Optimization of Trading Strategies, a thoroughly revised and updated edition of his classic text Design, Testing, and Optimization of Trading Systems, he reveals how he has perfected the programming and testing of trading systems using a successful battery of his own time-proven techniques. With this book, Pardo delivers important information to readers, from the design of workable trading strategies to measuring issues like profit and risk. Written in a straightforward and accessible style, this detailed guide presents traders with a way to develop and verify their trading strategy no matter what form they are currently using–stochastics, moving averages, chart patterns, RSI, or breakout methods. Whether a trader is seeking to enhance their profit or just getting started in testing, The Evaluation and Optimization of Trading Strategies offers practical instruction and expert advice on the development, evaluation, and application of winning mechanical trading systems.
An award winning system developer explains how to create, test, and implement a profitable trading system Traders have long been drawn to the idea of translating their strategies and ideas into trading systems. While successful trading systems have been developed, in most cases, they work very well for a period of time in specific markets, but perform less well across all markets in all time frames. Nobody understands this better than author Keith Fitschen—a thought-leader in trading system development—and now, with Trading Strategy Generation + Website, he shares his extensive experience in this field with you. Trading Strategy Generation skillfully explains how to take market insights or trading ideas and develop them into a robust trading system. In it, Fitschen describes the critical steps a trader needs to follow, including: translating the market insight into a rules-based approach; determining entry and exit points; testing against historical data; and integrating money management and position sizing into the system. Written by an award winning system developer who has actively traded his systems for thirty years Introduces new ideas on money management and position sizing for different markets Details exactly what it takes to build, test, and implement a profitable technical trading system A companion Website contains supplementary material, including Excel spreadsheets designed to rate the strength of entry signals and provide money management guidance based on market volatility and portfolio correlations Written with the serious trader in mind, Trading Strategy Generation is an accessible guide to building a system that will generate realistic returns over time.
