Tradings Systems That Work

Provides guidelines for designing and building a profitable trading system. This book provides: techniques for researching and building a mechanical trading strategy; techniques to evaluate the performance of various systems; and methods to measure drawdown, both within individual trades and for entire strategies. Guidelines for Designing and Building a Unique, Powerful, and Profitable Trading System Successful trading is more than just a series of single, isolated activities, each fighting its own battles in a dog-eat-dog marketplace. It is instead a system, in which all components work together to ensure that each trade is well protected, easy to implement, and capable of generating a steady stream of low-risk trading returns. Trading Systems That Work shows you how to combine today's best available information and techniques into a simple system that works for you--across all markets and market conditions. Look to this clear, step-by-step book for: Guidelines for implementing a consistent money management program Portfolio composition techniques to ensure maximum profit potential--while minimizing exposure to unnecessary risk Strategies to exercise proper risk management through stop losses, profit objectives, and more Whether you are a multimillion-dollar institutional investor or an independent trader with a $10,000 account, your trading system--and your comfort with that system--will spell the difference between long-term success and failure. Let Trading Systems That Work help you design a strategic, well-thought-out trading system, one that puts you in complete charge of your trading fortunes. When it comes to designing a trading system, serious traders don't have time to reinvent the wheel. Instead, they generally incorporate the proven, time-tested systems…