Selasa, 18 Juni 2013

[I177.Ebook] Fee Download Quantitative Trading Systems, 2nd Edition, by Dr Howard B Bandy

Fee Download Quantitative Trading Systems, 2nd Edition, by Dr Howard B Bandy

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Quantitative Trading Systems, 2nd Edition, by Dr Howard B Bandy

Quantitative Trading Systems, 2nd Edition, by Dr Howard B Bandy



Quantitative Trading Systems, 2nd Edition, by Dr Howard B Bandy

Fee Download Quantitative Trading Systems, 2nd Edition, by Dr Howard B Bandy

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Quantitative Trading Systems, 2nd Edition, by Dr Howard B Bandy

Too often, trading systems that looked good last year, in an advertisement, or during computer back-testing, lose money as soon as you start trading them. This book explains why that happens, and gives detailed techniques for developing systems that will be profitable.

  • Sales Rank: #392964 in Books
  • Published on: 2011-06-01
  • Original language: English
  • Number of items: 6
  • Dimensions: 10.00" h x .85" w x 7.00" l, 1.79 pounds
  • Binding: Perfect Paperback
  • 376 pages

Review
I want to thank you for your excellent, no superb, clarity in describing mechanical trading systems and the issues therein. I have several shelves full of books from all the 'authors' and I have gleaned much over the years even though some of the 'authors' have led me down false paths. I was impressed by your book (which led me to the conference) and the workshop added to it dramatically. For me it was a worthwhile trip. --Robert G

Hi Howard... I just got your book. I've started reading your book and it is well presented. Looks very interesting and is philosophically aligned with my book "Evidence Based Technical Analysis." I hope it gets the circulation it deserves. I wish you success with your book. --David A.

About the book, fantastic. I'm enjoying every moment of it. A slow read because you trigger so many thoughts that I'm mostly going of on a tangent and then testing and checking but in the end a very enjoyable experience. If anybody on this side of the world wants a reference you are more than welcome to point him in my direction. In the end the whole experience turned out positive, one for your helpfulness and second the material in the book. Thank you so much for your effort, I really appreciate it. --J.M., South Africa, email

Hi Howard... I just got your book. I've started reading your book and it is well presented. Looks very interesting and is philosophically aligned with my book "Evidence Based Technical Analysis." I hope it gets the circulation it deserves. I wish you success with your book. --David A.

About the book, fantastic. I'm enjoying every moment of it. A slow read because you trigger so many thoughts that I'm mostly going of on a tangent and then testing and checking but in the end a very enjoyable experience. If anybody on this side of the world wants a reference you are more than welcome to point him in my direction. In the end the whole experience turned out positive, one for your helpfulness and second the material in the book. Thank you so much for your effort, I really appreciate it. --J.M., South Africa, email

About the Author
Dr. Howard Bandy has both the formal education and practical experience required to write this book. He has degrees in mathematics, physics, engineering, and computer science. He was a university professor of computer science and mathematics, and university dean. He began research and application of modeling, simulation, statistics, and artificial intelligence while in graduate school. He is the designer and programmer of a commercially successful computer program to time entries and exits. He was a senior research analyst for a Commodity Trading Advisory firm, where he held a Series 3 license. He is a regular speaker at international conferences, author of five books related to the design, analysis, and management of trading systems. And a consultant to trading companies and individuals.

Most helpful customer reviews

22 of 22 people found the following review helpful.
A major contribution to the theory, understanding and practice of Quantitative Technical Analysis
By Amazon Customer
I discovered Dr Howard Bandy’s “Quantitative Trading Systems” using Dr Google in 2008 while I was looking for some support while learning Amibroker, the trading toolbox. Over the previous 16 years I had moved my financial market trading from fundamental to technical and then from general technical to something more mechanical involving back testing, monte-carlo and risk analysis. This reflected my dual experiences in corporate life, I had many years in Information Technology (Operations Research, Analysis, and Programming) and also years in Management Accounting. My earlier trading platforms were not adequate for my growing focus – I needed something faster and more comprehensive and my software reviews caused me to select Amibroker. Dr Bandy’s first book provided a great deal of excellent Amibroker sample code – a really good starting place.

However, I quickly realised that the book was far more than this. It presented the most logical framework for understanding financial markets, trading models and trading systems that I had yet seen. Perhaps it arrived at a time when I knew enough, and had enough experience, to know what I was looking for – even if it was not the purpose of my original internet search! Shortly after reading the book I flew from Australia to Las Vegas to attend a two-day seminar delivered by Howard – it did not disappoint. The book and the logic models presented so clearly within, have stood the test of time and have become an integral part of my trading approaches.

Since 2008 I have read and re-read “Quantitative Trading Systems” many times, I regularly come across something I may have let slip, or gain a new insight. I still extract snippets of code. The book covers a very broad range of subjects, it looks at the clear advantages of Quantitative Analysis over both traditional Technical Analysis and Fundamental Analysis. It demonstrated how statistical analysis, computer code and robust intellectual “models” can effectively “test” trading ideas and then quantify both potential profit and risk. Many different trading approaches are both described, examined and tested. Amibroker code is provided so you can run the tests yourself on current data, nothing is hidden, nothing assumed.

In Dr Bandy's later books, particular areas in this book are examined in greater detail. Again, in later books there are some more sophisticated approaches to issues addressed in this book. This results in different methods being proposed particularly for position sizing. This book however, is still the ideal starting point for some-one wanting a broad grounding in the theory (logical framework) and practice of trading the financial markets, particularly if you are moving from traditional technical methodologies or fundamental analysis. It is especially useful if you intend to make use of the code provided for use in Amibroker (or similar after translation).

Dr Howard Bandy is new to Amazon but I (along with others) have been following his work closely since 2008. Howard’s work has revolutionised my trading. I have been an active trader, managing family funds for more than 20 years. I am a long term member, office bearer and former National President of the Australian Technical Analyst Association (ATAA) and also a director of IFTA. Over the years I have been a keen student in the field of Technical Analysis and have consumed many books on the subject. Some of my past favoured authors have included David Aronson, Ralph Vince, Larry Connors, Mark Jurik, Perry Kaufman, Benoit Mandelbrot, Nassim Taleb, John Bollinger, Thomas Stridesman and Katz & McCormick.

From my personal trading experience I strongly recommend “Quantitative Trading Systems”, along with Dr Bandy’s later books, to any financial market trader interested in fully understanding and developing competent quantitative trading systems.

9 of 9 people found the following review helpful.
The one book that should be in every serious trader's library
By Alan Clement
This book is quite simply the definitive guide to using a quantitative approach to trading and investing in the financial markets. Geared towards a statistical analysis of trading ideas to determine their suitability and reliability, this book is a far cry from traditional technical analysis books full of chart patterns and baseless claims. Rather Bandy's guide breaks his approach into bite-size chunks, with easy to understand detail, including actual coding examples that can be applied using the popular Amibroker software. By the end of the book you will have a thorough understanding of how to take your own trading ideas through design, build and test, to be able to uncover the historic metrics for them.

I discovered this book a number of years ago and it quite literally changed my trading approach overnight. If I had to cite one book which turned me into a consistently profitable trader, it would be this one. I thoroughly recommend it both to beginners and seasoned campaigners alike.

4 of 4 people found the following review helpful.
Useful Book For Experienced Trading System Developers Who Are Developing Their First Trading System In Amibroker
By justsomeguyinla
This was a hard book for me to rate. On one hand, I thought this book covered quite a bit of ground on trading systems and provided a good introduction to AmiBroker. On the other hand, with a nebulous title like "Quantitative Trading Systems" and a back cover that listed topics ranging from principles of system design and testing to Monte Carlo analysis I thought this book covered many key concepts without much depth (e.g. risk management, position sizing). In the end, I thought this book was more of an introduction to AmiBroker with some pearls of wisdom sprinkled in than a general trading system development book that happened to choose AmiBroker to illustrate points. I was seeking the latter.

I appreciated the discussions on how to properly test systems and how to use basic statistics to determine if my trading systems were broken. And I did download AmiBroker and code a few examples from the book and they did work, so no dings for providing broken code. But the discussion of trend following systems was disappointing to put it mildly. The (light) discussion of position sizing was buried in the Monte Carlo section where Dr Bandy explains position sizing requires a lot of thought and testing (and pretty much leaves it at that). Also, this book pretty much avoids the topic of option trading even as a simple substitute for trading the underlying (probably because AmiBroker doesn't natively support it). And unfortunately, after I finished reading the book and wanted to go back to revisit some topics Dr. Bandy brushed on, I couldn't find references to them in the index.

Overall, I would recommend this book to people who already have some experience developing trading systems and who want to quickly port over their work to AmiBroker.

See all 9 customer reviews...

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