Profitability and Systematic Trading
(Sprache: Englisch)
A well-known name in the field of trading system development outlines an effective approach to trading today's marketsIn order to make the most informed decisions in today's markets people need to use the appropriate models and careful analysis. That's why...
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A well-known name in the field of trading system development outlines an effective approach to trading today's marketsIn order to make the most informed decisions in today's markets people need to use the appropriate models and careful analysis. That's why Michael Harris has created Profitability and Systematic Trading. This book is a high-level trading resource that contains the author's unique Trading System Synthesis, a quantitative approach to profitability, risk, and money management that traders can use as building blocks in developing new strategies.Michael Harris (New York, NY) started developing mechanical trading systems in the late 1980s while working for Wall Street firms. He has been an active trader since 1989 and is currently the President of Tradingpatterns.com and Director of Harrison Investments, Inc.
Inhaltsverzeichnis zu „Profitability and Systematic Trading “
- Preface- Acknowledgments
- Disclaimer
Part I. Foundations
Chapter 1. The Market
- A Trader's Perspective
- Futures, Equity and Forex Markets
- Which Market Should I Trade In?
Chapter 2. The Zero-Sum Game of Trading
- The Counter-Argument
- The Winners and Losers
- Zero-Sum Trading Markets
- Rare Exceptions to the Rule
- Dealing With the Realities of The Zero-Sum Game
Chapter 3. Trading Methods and Time Frames
- Trading Methods
- Trading Time Frames
Part II. Profitability and Risk
Chapter 4. The Profitability Rule
- Qualitative Versus Quantitative
- Derivation Of The Profitability Rule
- The Fundamental Law of Trading Strategies
- Effect of Commissions on Profitability
- Profitability and Trading Time Frames
- Examples
Chapter 5. Risk and Money Management
- The Probability of Ruin
- The Fundamental Law of Risk and Money Management
- Position Sizing
- The Risk Percent Method
- Martingale versus Anti-Martingale Betting Strategies
- Risk and Money Management Plan
- Examples
Part III. Systematic Trading
Chapter 6. Analysis of Trading Systems
- Simplicity versus Complexity
- Trading System Modeling
- Trading System Development and Back Testing
- Pitfalls of Back Testing
Chapter 7. Synthesis of Trading Systems
- From Analysis To Synthesis
- The Process Of Synthesis
- Analysis Versus Synthesis
- Examples of Trading System Synthesis
- At The End of the Day.
- Appendix A: Codes for Selected Price Patterns
- References
- About the Author
- Index
Autoren-Porträt von Michael Harris
Michael Harris started developing trading systems in the late 1980s while working for Wall Street firms. He has been an active trader since 1989 and is currently the President of Tradingpatterns.com,a software development company he established in 1999, and Director of Harrison Investments, Inc., a fund management and financial consulting firm for offshore institutional investors and hedge funds. Harris holds a bachelor's degree in mechanical engineering and two master's degrees-one in systems engineering and another in operations research.
Bibliographische Angaben
- Autor: Michael Harris
- 2008, 208 Seiten, Maße: 24 cm, Gebunden, Englisch
- Verlag: Wiley & Sons
- ISBN-10: 047022908X
- ISBN-13: 9780470229088
Sprache:
Englisch
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