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

3.5
ISBN-13: 9781118778982
ISBN-10: 1118778987
Edition: 1
Author: Kevin Davey
Publication date: 2014
Publisher: Wiley
Format: Paperback 288 pages
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Book details

ISBN-13: 9781118778982
ISBN-10: 1118778987
Edition: 1
Author: Kevin Davey
Publication date: 2014
Publisher: Wiley
Format: Paperback 288 pages
Category: Business , Economics , Engineering , Computers , Database

Summary

Acknowledged authors Kevin Davey wrote Building Winning Algorithmic Trading Systems, + Website: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading (Wiley Trading) comprising 288 pages back in 2014. Textbook and eTextbook are published under ISBN 1118778987 and 9781118778982. Since then Building Winning Algorithmic Trading Systems, + Website: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading (Wiley Trading) textbook received total rating of 3.5 stars and was available to sell back to BooksRun online for the top buyback price of $ 20.60 or rent at the marketplace.

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 the entire process of generating and validating an idea, setting entry and exit points, testing systems, and implementing them in live trading. You'll 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 that will enable you to automate and test your own trading ideas.

A purely discretionary approach to trading generally breaks down over the long haul. With market data and statistics easily available, traders are increasingly 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 the most effective algorithm.

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

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