Following the Trend / Wiley Trading Series (ePub)

During bull and bear markets, there is a group of hedge funds
and professional traders which have been consistently outperforming
traditional investment strategies for the past 30 odd years. They
have shown remarkable uncorrelated performance and in the great
bear market of 2008 they had record gains. These traders are
highly secretive about their proprietary trading algorithms and
often employ top PhDs in their research teams. Yet, it is possible
to replicate their trading performance with relatively simplistic
models. These traders are trend following cross asset futures
managers, also known as CTAs. Many books are written about
them but none explain their strategies in such detail as to enable
the reader to emulate their success and create their own trend
following trading business, until now.

Following the Trend explains why most hopefuls fail by
focusing on the wrong things, such as buy and sell rules, and
teaches the truly important parts of trend following. Trading
everything from the Nasdaq index and T-bills to currency crosses,
platinum and live hogs, there are large gains to be made regardless
of the state of the economy or stock markets. By analysing year by
year trend following performance and attribution the reader will be
able to build a deep understanding of what it is like to trade
futures in large scale and where the real problems and
opportunities lay.

Written by experienced hedge fund manager Andreas Clenow, this
book provides a comprehensive insight into the strategies behind
the booming trend following futures industry from the perspective
of a market participant. The strategies behind the success of this
industry are explained in great detail, including complete trading
rules and instructions for how to replicate the performance of
successful hedge funds. You are in for a potentially highly
profitable roller coaster ride with this hard and honest look at
the positive as well as the negative sides of trend following.