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Building Winning Algorithmic Trading Systems, + Website: A Trader’s Journey From Data Mining to Monte Carlo Simulation to Live Trading (Wiley Trading)

Amazon.com Price:  $38.48 (as of 08/05/2019 17:00 PST- Details)

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Description

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 all the process of generating and validating an idea, setting entry and exit points, testing systems, and implementing them in live trading. You can 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 on the way to enable you to automate and test your own trading ideas.

A purely discretionary approach to trading most often breaks down over the long haul. With market data and statistics easily to be had, traders are an increasing number of 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 probably the greatest algorithm.

  • Learn the systems that generated triple-digit returns in the World Cup Trading Championship
  • Develop an algorithmic approach for any trading idea the use of off-the-shelf software or popular platforms
  • Test your new system the use of 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 on the lookout for the next leap forward, Building Algorithmic Trading Systems provides expert guidance and practical advice.

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