Mechanical Trading Systems

by Richard Weissman

in Books / Market Psychology, Systems

A wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theory

Mechanical Trading Systems examines the development process for choosing and using mechanical trading systems in conjunction with trader psychology. This book discusses:

- the advantages and disadvantages of mechanical trading systems
- the dangers in system development and how to avoid them
- the optimal methods for back-testing trading systems
- position sizing and other risk quantification tools
- methods of improving rates of return on investments without significantly increasing risk.

Most importantly, through a detailed examination of various types of unsuccessful trader personality traits (e.g., fearfulness, greed, and impatience), the book recommends different types of trading systems for a diverse array of trader types.

Publisher: John Wiley & Sons

Publish date: 2005

Edition: 1st

Format: Hb

Pages: 256

Isbn: 0471654353

Ranked #97 of 172 Books



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