Monday, January 19, 2009

Beyond Technical Analysis: How to Develop and Implement a Winning Trading System

 Beyond Technical Analysis: How to Develop and Implement a Winning Trading System

Acclaim for Tushar Chande’s revolutionary approach for developing and implementing your own winning trading system

Tushar Chande provides insightful but clear-cut techniques which will enlighten the savant as well as the newcomer. His coverage of system development is the first thorough treatment disclosing both specific trading systems and the practicalities of their implementation."–John Sweeney, Technical Editor, Technical Analysis of Stocks & Commodities magazine; author, Maximum Adverse Excursion: Analyzing Price Fluctuations for Trading Management.

The book gives a very systematic way to the trading system development and the guidelines on the "performance" measurements. Highly Recommended !

In this book, acclaimed technical trading system developer Tushar Chande shows individual and professional traders how to develop and implement a winning trading system, and how to test its future performance through computer simulation. Users can "paper trade" their personal trading system before using it in the real world, accurately estimating how well they can cope with the day-to-day pressures of implementing the system when their capital is at risk and emotions are involved.

It is an effective book on getting you to analyze your risk, and he even gives you the 1-1/2% and 2% risk of ruin tables to do that. Nice of him to do the programming so that we can determine which is the right risk amount to take on each trade at the lower end of the percentage scale.

His equity curve chapters are also important in helping to shed light on how to look at performance in a meaningful way. This is one of the most useful books available today -- in a sea of not so useful books.

The value of this book is that it has a few fairly original ideas (and more than a few conventional ones) that can form the basis for further research. Some of the material may be beyond the novice trader, but intermediate to advanced mechanical traders will probably find something of value here. And Chande's discussion of equity curves and data scrambling is significantly better than many other books on the subject.

Download Here:

Password is :

No comments: