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Book: The Encyclopedia of Trading Strategies :: Book
Date: Thursday, 08 January, 2009 :: 18:45
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The Encyclopedia of Trading Strategies
List Price: USD $60.00
from USD $30.99
Product Group: book
Manufacturer: McGraw-Hill
Studio: McGraw-Hill
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Editorial Review: Product Description
The Encyclopedia of Trading Strategies is for traders who want to take the next step to consistently profitable trading. The authors--themselves seasoned veterans of the futures trading arena--pinpoint the trading methods and strategies that have been shown to produce market-beating returns. Their rigorous and systematic backtesting of each method, using the same sets of markets and analytic techniques, provides a scientific, system-based approach to system development...to help you assemble the trading system that will put you on the road to becoming a more consistently profitable trader.
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Reviews:
Average Customer Review: 
Summary: Deceiving name
Date: 2008-12-17 - 
Comment: As a software engineer I needed a book that will teach me some trading strategies that I can program and bought this book hoping to find a list/ideas of trading strategies, as you expect from Encyclopedia. Unfortunately this is the most not practical book I have ever read, if you think you'll be able to trade after reading this book you're wrong!
It has academic theoretical discussions about trading systems by testing the most simple and basic setups just to tell you that they don't work if you trade them automatically (crossing MAs, breakouts etc). I'm sorry but you don't need to have Phd to know that, they don't even try to come up with a strategy that work!
Who can benefit from this book? If you are in your Master/Phd studies and looking for theoretical trading academic book, no doubt this is for you, all the rest try something else...
0 of 1 people found the following review helpful:
Summary: A must read if you plan to trade
Date: 2008-08-26 - 
Comment: Anyone planing on or currently trading using technical analysis should read this book. The lessens inside can help prevent loss of savings.
This book takes a careful look at various types of technical indicators and trading strategies that use technical analysis, the types of methods commonly found in charting software and technical analysis books. For me the bottom line is that making a consistent income from trading, using technical analysis, is difficult. (Losing money is not so difficult).
The software referenced in the book and available for a relatively small price, is in my opinion very powerful, but difficult to master (C++ source code that must be compiled, debugged for your compiler, and modified to create useful systems).
1 of 1 people found the following review helpful:
Summary: Review of simulation results
Date: 2008-08-25 - 
Comment: This book provides an overview on the type of strategies available and shows the results done on the different strategies. For system developers it is useful to know that most strategies - pure trending, oscillators etc do not perform well at all!
What is lacking is a more thorough analysis of the different methods. Overall a useful book which highlight the pitfalls which system developers will fall into.
2 of 2 people found the following review helpful:
Summary: A good starting point for a systems trader
Date: 2008-07-28 - 
Comment: The book should be compulsory reading for any aspiring systems trader.
The testing methodology is thorough, and they cover many of the more common approaches to systems trading as well as a few that many will find a tad too esoteric. My only complaint is that the book could present us with more detailed stats on the tested systems. In e.g Way of the turtle (a much less comprehensive text) the author does an excellent job of presenting stats on any tested system, including a number of important measures you will not find in the Encyclopedia. Overall, I still believe it is a must read. For beginners I also recommend the following books (for starters):
Way of the Turtle (Faith)
Evidence Based Technical Analysis
Design, testing and optimization of trading systems (Pardo)
Also, check out the Trading Blox forum at tradingblox.com for
tons of useful info on systems trading.
* s p e c t r e *
5 of 5 people found the following review helpful:
Summary: I liked, but it could be better
Date: 2007-03-24 -
Comment: I liked this book.
it presented many ideas and a right pragmatic approach to test a trading system.
I found tough the statistics part, but it's not an author's fault: it's statistics.
in the final part I found many repetition (many pages might be saved just writing: " hey, for this system we apply the same said at pag. xyz..").
Only two things remained a mistery to me (but I'm not much intellingent..): why didn't the author make any test for longer horizons? in the end, the strategies never approached a longer term trading strategy: usually the trades last few days.
maybe it's not worth? the author doesn't tell us
ah, and it's not an encyclopedia: why did he choose this name?
this is the second mistery...
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Trading Systems That Work: Building and Evaluating Effective Trading Systems
Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals
Design, Testing, and Optimization of Trading Systems
Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis (Wiley Trading)
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