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Type of bind: Hardcover
Dewey Decimal Number: 332.6
EAN num: 9780071359801
ISBN number: 007135980X
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Quantity: 1
Page Count: 358
Printing Date: November 20, 2000
Publishing house: McGraw-Hill
Sale Popularity Level: 187508
Studio: McGraw-Hill
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Product Description:
Today’s computer trading programs can be a godsend to traders looking for an extra edge. They can also be filled with dangerous—and expensive—pitfalls for the uninitiated. Trading Systems That Work reviews and analyzes today’s major software programs, and helps traders determine which will work best for their personal trading style and habits—and which could actually work against them. Emphasizing Tradestation and Excel (the two most popular software trading programs), this valuable guidebook covers all aspects of building, understanding, and evaluating a system. Traders will keep Trading Systems That Work handy for its: *Clear, step-by-step assistance with intricate systems *Techniques to evaluate the true performance of any system
User popularity level:
Rated by buyers -
This is good for programmers. It's a bit beyond me but I still got some useful stuff out of it that gave me an edge so that made it worth it. If someone is a programmer, this is your book. He's great and gets you thinking.
Rated by buyers 
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remember: there is no such thing as a free lunch..you have to build systems yourself and test test test and then optimise a bit.(I said a bit :-)
Rated by buyers -
If you want a caned system, this is not the book for you. What this book will teach you is how to evaluate a system that you are developing. It is a little hard to read, but the excel formulas are worth it.
It covers the essetials of a good trading system (entry, exit and money management) and explains why not all good trading systems are profitable. (All profitable trading systems must be good first).
Rated by buyers 
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Very good book for serious system developers. Most books on the topic present a system, optimize it so it fits a particular market, show couple of very convincing graphs and voila, here is the contribution to the trading science.
In this book the author presents system development in the context of portfolio trading: a robust system should work in a variety of markets. Stridsman takes you through his process of testing a system, from setting the data, to performance measures. Results of his systems, by the way, are not "fantastic", and that for me adds credibility. Analysis of his systems is done in a statistical manner, so that all aspects of a system are set up using statistical methodology, as opposed to conventional wisdom. A lot of work is also done in an endeavor to introduce some degree of predictability in the author's trading approach. Aspects of system design are discussed in sophisticated detail: MAE, MFE, kurtosis, different types of drawdown, trade efficiency etc.
His optimization techiques are interesting. This is the very first time I have seen the use of surface graphs to present two-variable optimization.
Not once in this book I have sensed an advertisement for the author's methods. The author simply discusses his approach. There is no hype, exclamation marks. The book is very concentrated and packed with ideas, which can be applied to any other system or markets. I don't think it would be possible to make it any shorter.
Good value for money if you like quantitative approach to trading.
Rated by buyers 
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If you're building a computer based trading system, this title offers some interesting insight. There are several example trading systems that implement commonly used system features, and these systems are analyzed and commented on. But this is far from a blueprint--the methods used are too rough to actually use as defined, and the descriptions are very confusing in many places. Included TradeStation code is a bit easier than most to understand, but that's not saying much. Every time I read this book, I feel like my time would be better spent reviewing Conway & Behle's "Professional Stock Trading: System Design and Automation", which covers much of the same material but with considerably more coherance.
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