When it comes to the last word on trading systems, one name stands out from the rest, internationally: Perry J. Kaufman. Not coincidentally, for nearly thirty years, the book that traders of every ilk—from first-time day traders to veteran position traders—have turned to for in-depth, how-to information on the latest and best practices in trading systems has been Trading Systems and Methods.
That's because, with each successive edition, Perry Kaufman went to extraordinary lengths, personally reviewing, testing, and comparing scores of technical indicators, charting techniques, algorithms, trading software, and trading systems. He carefully winnowed out those that had outlived their usefulness and he introduced newer tools and techniques, more suitable to the trading environment of the moment. All done in an effort to bring his readers the freshest, most comprehensive, and authoritative coverage of systematic trading strategies, tools, and techniques.
In keeping with that tradition, the Fifth Edition of the classic guide has been substantially revised and updated for the realities of a post-financial crisis world. It now features expanded coverage of risk control—from the level of the individual trade to the portfolio, and everything in between. It also contains dozens of updated and entirely new charts and examples, along with more programs and spreadsheets. And the companion website has been fully updated with TradeStation, Version 9 (with accompanying source code) and Excel 2010 spreadsheets.
But Trading Systems and Methods is more than just an encyclopedia of contemporary quantitative techniques and programs. It is also a handy primer, providing you with the knowledge and skills you need to choose or design a system perfectly suited to your trading style and goals.
Writing in clear, accessible prose, Kaufman schools you in the basics, walking you through everything from how much data to use and how to create an index, to how to measure risk and how to integrate basic statistics and probability into your trading system. He gets you up to speed on the full range of trading essentials, including trends, momentum, arbitrage, and more. And he provides you with a complete understanding of each method and technique covered—highlighting the similarities between them and describing useful variations on many—while providing expert tips on how to deploy each to your best advantage.
As the markets evolve, so must the strategies you use to trade them. Arming you with the tools, skills, and acumen you need to keep ahead of the pack and achieve the kinds of returns you want and deserve, Trading Systems and Methods, Fifth Edition is an indispensable tool of the trade.
I read every version of this book. It is my reference book of choice a large majority of the time. So I rushed out to get this one as soon as i heard it was available. There's a lot of new content in here as well as updates to previous examples given. But on the website if your actually using that to reconstruct the examples your going to run into problems. I have been talked with Wiley and have identified at least 7 missing, or incorrect files in the downloads. I have yet to see much of an update on that front. They told me they have to talk to the editor. I think having the website material and being able to work with the programs yourself is crucial aspect for this book. It loses a lot of that with broken or missing files. I would give this 5 stars but the missing files really bring it down for me.
At $70+ This book looks expensive... But it is not. It is a steal.
Kaufman does a fantastic job of describing standards, methods, systems, variables etc. in a straight forward manner. Precise, consistent and illustrative.
He covers everything I had though of... And then some. Awesome.
All claims are backed up by research and references... Even the programs and ideas are included. Ready to copy/paste into TradeStation software (or adapt to other platforms).
I was very positively surprised... Especially because programs and indicators similar to those included normally sell for 100's of greenbacks!
Look no further. Buy this. You will be glad you did! its a huge book, bought it for the curriculum of CMT level 2 exam. seems like it has everything a trader needs.
Product Details :
Hardcover: 1212 pages
Publisher: Wiley; 5 edition (January 29, 2013)
Language: English
ISBN-10: 1118043561
ISBN-13: 978-1118043561
Product Dimensions: 7.2 x 2.1 x 10 inches
More Details about Trading Systems and Methods, + Website Wiley Trading, 5th edition
or
Download Trading Systems and Methods, + Website Wiley Trading, 5th edition PDF Ebook
No comments:
Post a Comment