Systematic Trading: A unique new method for designing trading and investing systems
| Author | : | |
| Rating | : | 4.88 (750 Votes) |
| Asin | : | B014J5LNSY |
| Format Type | : | |
| Number of Pages | : | 473 Pages |
| Publish Date | : | 2018-01-14 |
| Language | : | English |
DESCRIPTION:
The framework described here can be used with all assets, including equities, bonds, forex and commodities.There is no magic formula that will guarantee success, but cutting out simple mistakes will improve your performance. This is a complete guide to developing your own systems to help you make and execute trading and investing decisions. It is intended for everyone who wishes to systematise their financial decision making, either completely or to some degree.Author Robert Carver draws on financial theory, his experience managing systematic hedge fund strategies and his own in-depth research to explain why systematic trading makes sense and demonstrates how it can be done safely and profitably. You'll learn how to avoid common pitfalls such as over-complicating your strategy, being too optimistic about likely returns, taking excessive risks and trading too frequently.Important features include:- The theory behind systematic trading: why and when it works, and when it doesn't.- Simple and effective ways to design effective strategies.- A complete position management framework which can be adapted for your needs.- How fully systematic traders can create or adapt trading rules to forecast prices.- Making discretionary trading decisions within a systematic framework for position management.- Why traditional long only investors should use syst
He was responsible for the creation of AHL's fundamental global macro strategy and then managed the fund's multi-billion dollar fixed income portfolio before retiring from the industry in 2013. He initially traded exotic derivative products for Barclays investment bank and then worked as a portfolio manager for AHL - one of the world's largest systematic hedge funds - before, during and after the global financial meltdown of 2008. Robert, who has bachelors and masters d
"The days of Richard Dennis and his "turtles" with their alleged 100% per year profit are long gone Robert Carver is more modest--and more realistic. He has clearly thought about what makes a good systematic trader and a good systematically-driven portfolio. Reading this will benefit all traders." - Perry Kaufman, author of Trading Systems and Methods, 5th Edition (Wiley, 2013); . " Brenda Jubin, Reading the markets"A remarkable look inside systematic trading never seen before, spanning the range from small to institutional traders. Carver explains how to properly test, apply constant risk, size positions and portfolios, and my favorite, his "no rule" trading rule, all explained with scenarios. At the same time he has more to offer the investor or trader who has a spark of creativity
Substance over Style I have just finished reading this book for a second time. If you subscribe to the notion that money management is the most important part of any trading system this one is for you. This book does an excellent job of laying out a compartmentalized approach to building a systematic money management overlay for a quantitative trading system. In full disclosure, this. Excellent book, and not just for systematic traders Salemite This book covers many aspects of systematic trading from a practitioner's perspective. You will find many books, blogs, etc. that cover how to build trading rules. This book goes much beyond trading rules and answers very crucial questions for people with many backgrounds. How do you evaluate trading rules? Are there any rules of thumb that would tell you all you . "Probably the best available book on systematic trading" according to Andreas Clenow. Solid book on real systematic trading. Rob goes into a level of depth which most trading book authors either deliberately avoids or simply lack knowledge of. Rob's background in the industry is beyond reproach and the informational contents of his book shows his experience and depth of knowledge. It is rare with authors willing to take the time to explain at this