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Informationen zum Autor PERRY J. KAUFMAN is a leading investment consultant with more than forty years of experience in the equity and derivatives markets. He is the author of twelve trading books, including Trading Systems and Methods, Fifth Edition; A Short Course in Technical Trading; Smarter Trading ; and Global Equity Investing . Perry continues to be a pioneer in the use of computer models for making financial decisions. Klappentext THE NO-FRILLS APPROACH TO BUILDING SUCCESSFUL ALGORITHMIC TRADING SYSTEMS When Perry Kaufman started creating automated systems to trade in the early 1970s, the very idea was demeaned by professional traders as "ridiculous." Now, high-frequency trading is attacked for its unfair advantage that "steals money from the ordinary investor." In A Guide to Creating a Successful Algorithmic Trading Strategy, Perry puts the power in your hands by pulling back the curtain on algorithmic trading. Whether you're a professional trader or money manager looking to perfect your own automated trading system or an individual investor who wants financial control with today's technological advantages, this compact guide gives you a sophisticated approach to building successful algo trading systems in a user-friendly, how-to format. More than merely a step-by-step book to backtesting, this expert guide culls the author's vast experience over forty years, through all types of markets, to illustrate why achieving success in trading is not about buying and selling at a profit, but fully hinges on developing the right trades and then managing their risk. The proven guidelines inside for building a reliable trading system from the ground up give you the necessary theory and historical perspective to develop your system with confidence and the technical know-how to fine-tune it to your specific parameters and risk. Keep the expertise sought after the world over at your fingertips to: Include the right depth of rules in your algorithms Avoid common traps at each step of development and testing Know exactly when your algo system is ready to stop paper trading and make real profits A cornerstone principle of this succinct guidebook is simplicity, and from the underlying trading best practices to designing the systems themselves, a straightforward approach is preferred and proven to win the day. Many algorithmic systems fail when they are finally launched into the market, but A Guide to Creating a Successful Algorithmic Trading Strategy will show you the pitfalls and process for greatly improving your ability to succeed. Once you've read this book you'll want to reread it again and again until you've made it part of your own way of working. From developing insights as a trader and turning those insights into profitable strategies all the way to the critical realities of trading for a living--this masterpiece guide boils down more than four decades of high-level experience into a clear framework that lets you compete with the experts. Zusammenfassung 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. Inhaltsverzeichnis Acknowledgments xi Chapter 1 A Brief Introduction: The Ground Rules 1 My Objective 2 The Ground Rules 3 The Process 3 Basic Trading Systems 6 Chapter 2 The Idea 9 Begin at the Beginning 9 The Idea Must Match Your Trading Personality 11 I Need a Fast Payout 12 Withstanding the Test of Time 13 Chapter 3 Don't Make It Complex 15 A Word about Noise 17 Integrated Solutions versus Building Blocks 18 More Rules, Fewer Opportunities, Less Success 19 Chapte...
