Trade with the Odds: How to Construct Market-Beating Trading Systems

Trade with the Odds: How to Construct Market-Beating Trading Systems

(Hardback) 978-1-118-16434-1 (e-Book) 978-1-118-22620-9
Anthony Trongone, PhD, CFP, CTA
HB & e-Book
Nov 28, 2012
John Wiley & Sons
Trading is all about managing probabilities. In Trading with the Odds, Anthony Trongone explains that the quest for developing a perfect system, which drives most traders, is fruitless. Instead, traders should focus on developing the analytic and trading skills necessary to stay in tune with the constant evolution of the financial markets. He emphasizes the importance of testing and monitoring trading strategies and raw market data as a means of developing an edge over other traders who are unwilling to get their hands dirty and dig into the data on a continuing basis.

Importantly, he shows that Excel, a program almost all traders are familiar with, can be utilized to measure virtually every important aspect of trading system performance and to search for tradable market patterns. In addition, the book includes several applications that will allow you to calculate current market conditions and market patterns based on time of day, intermarket relationships, and other factors.

Underlying Trongone's approach is the conviction that traders must constantly innovate in response to the market, and those that rely on static analysis, will fail to reach their potential or achieve the results they expect.
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