Free shipping on all orders in the USA!

Foundations of Trading: Developing Profitable Trading Systems using Scientific Techniques

ISBN: 9780979183867
Publisher: Blue Owl Press, Incorporated
Publication Date: 2016-08-24
Number of pages: 168
  • Sale
  • Regular price $27.94

Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.


The trader's universal goal:
To have confidence that the signals generated by the trading system precede trades that provide rewards adequate to compensate for the risk.
... The key word is confidence.
... The primary limitation is risk.
This book presents an approach to developing profitable trading systems using scientific techniques, melding together several key aspects:
... Personal risk tolerance.
... Profit potential of the financial issue being traded.
... Data analysis.
... Adjusting the model to fit the data.
... Validation to estimate future performance.
... Comparing alternative use of funds.
... Determining whether the system is working or broken.
... Computing a proper position size to maximize account growth while holding drawdown within the trader's tolerance.

Customer Reviews