A Guide to Creating A Successful Algorithmic Trading Strategy E-Book

Perry J. Kaufman

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Wiley Trading Series
• Sprache: Englisch

Seitenzahl: 190

Veröffentlichungsjahr: 2016

Beschreibung

Turn insight into profit with guru guidance toward successful algorithmic trading A Guide to Creating a Successful Algorithmic Trading Strategy provides the latest strategies from an industry guru to show you how to build your own system from the ground up. If you're looking to develop a successful career in algorithmic trading, this book has you covered from idea to execution as you learn to develop a trader's insight and turn it into profitable strategy. You'll discover your trading personality and use it as a jumping-off point to create the ideal algo system that works the way you work, so you can achieve your goals faster. Coverage includes learning to recognize opportunities and identify a sound premise, and detailed discussion on seasonal patterns, interest rate-based trends, volatility, weekly and monthly patterns, the 3-day cycle, and much more--with an emphasis on trading as the best teacher. By actually making trades, you concentrate your attention on the market, absorb the effects on your money, and quickly resolve problems that impact profits. Algorithmic trading began as a "ridiculous" concept in the 1970s, then became an "unfair advantage" as it evolved into the lynchpin of a successful trading strategy. This book gives you the background you need to effectively reap the benefits of this important trading method. * Navigate confusing markets * Find the right trades and make them * Build a successful algo trading system * Turn insights into profitable strategies Algorithmic trading strategies are everywhere, but they're not all equally valuable. It's far too easy to fall for something that worked brilliantly in the past, but with little hope of working in the future. A Guide to Creating a Successful Algorithmic Trading Strategy shows you how to choose the best, leave the rest, and make more money from your trades.

Leseprobe

The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered—some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future. For more on this series, visit our website at www.WileyTrading.com.

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A Guide to Creating a Successful Algorithmic Trading Strategy

PERRY J. KAUFMAN

Cover image: Top: © Raimundas/Shutterstock; Bottom: © argus /Shutterstock Cover design: Wiley

Copyright © 2016 by Perry J Kaufman. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

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ISBN 978-1-119-22474-7 (Hardcover) ISBN 978-1-119-22476-1 (ePDF) ISBN 978-1-11-9-22475-4 (ePub)

CONTENTS

Acknowledgments

Chapter 1: A Brief Introduction: The Ground Rules

My Objective

The Ground Rules

The Process

Basic Trading Systems

Chapter 2: The Idea

Begin at the Beginning

The Idea Must Match Your Trading Personality

I Need a Fast Payout

Withstanding the Test of Time

Chapter 3: Don’t Make It Complex

A Word About Noise

Integrated Solutions Versus Building Blocks

More Rules, Fewer Opportunities, Less Success

Chapter 4: Why Should I Care about “Robust” If I’m Trading Only Apple?

Is It Robust?

Another Dimension

But Which Parameter Value Do I Trade?

Multiple Time Frames

Is One Trend Method Better Than Another?

Chapter 5: Less Is More

Volatility Cuts Both Ways

Bull Markets Happen When Everyone Is in Denial

Chapter 6: If You’re a Trend Follower, Don’t Use Profit-Taking or Stops

The Dynamics of a Trend Strategy

It’s Getting Harder to Find the Trend

The Eurodollar Trend

Where Do You Place Your Stop?

What About Profit-Taking?

Entering on a Pullback

Which Is the Best Trend-Following Method?

Chapter 7: Take Your Profit If You’re a Short-Term Trader

What’s Bad for the Trend Is Good for the Short-Term Trader

If You Can’t Use Stops for Trend Following, Can You Use Them for Short-Term Trading?

There Are Always Exceptions

Chapter 8: Searching for the Perfect System

Looking at the Results