Description: Building Winning Algorithmic Trading Systems : A Trader's Journey from Data Mining to Monte Carlo Simulation to Live Trading, Paperback by Davey, Kevin J., ISBN 1118778987, ISBN-13 9781118778982, Brand New, Free P&P in the UK "Award-winning trader Kevin Davey explains how he evolved from a discretionary to a systems trader and began generating triple-digit annual returns. An inveterate systems developer, Davey explains the process of generating a trading idea, validating theidea through statistical analysis, setting entry and exit points, testing, and implementation in the market. Along the way, Davey provides insightful tips culled from his many years of successful trading. He emphasizes the importance of identifying the maximum loss a system is likely to produce and to understand that the higher the returns on a system, the higher the maximum loss. To smooth returns and minimize risk, Davey recommends that a trader utilize more than one system. He provides rules for increasing or decreasing allocation to a system and rules for when to abandon a system. As market patterns change and system performance changes and systems that performed spectacularly in the past may perform poorly going forward. The key for tradersis to continue to develop systems in response to markets evolving statistical tendencies and to spread risk among different systems. An associated website will provide spreadsheets and other tools that will enable a reader to automate and test their owntrading will learn:- The systems Davey used to generate triple-digit returns in the World Cup Trading Championships- How to develop an algorithmic approach for around any trading idea, from very simple to the most complex using off-the-shelf software or popular trading How to test a system using historical and current market data- How to mine market data for statistical tendencies that may form the basis of a new systemDavey struggled as a trader until he developed an algorithmic approach. In this book, he shows traders how to do the same"--
Price: 53.37 GBP
Location: Castle Donington
End Time: 2025-02-05T23:08:46.000Z
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Book Title: Building Winning Algorithmic Trading Systems : A Trader's Journey
Number of Pages: 288 Pages
Publication Name: Building Winning Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading + Website
Language: English
Publisher: John Wiley & Sons INC International Concepts
Item Height: 234 mm
Subject: Finance, Computer Science
Publication Year: 2014
Type: Textbook
Item Weight: 510 g
Author: Kevin J. Davey
Item Width: 189 mm
Series: Wiley Trading
Format: Paperback
