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Davey, Kevin

Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading

Davey, Kevin - Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading, ebook

79,35€

Ebook, ePUB with Adobe DRM
ISBN: 9781118778883
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Develop your own trading system with practical guidance and expert advice

In Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Training, award-winning trader Kevin Davey shares his secrets for developing trading systems that generate triple-digit returns. With both explanation and demonstration, Davey guides you step-by-step through the entire process of generating and validating an idea, setting entry and exit points, testing systems, and implementing them in live trading. You'll find concrete rules for increasing or decreasing allocation to a system, and rules for when to abandon one. The companion website includes Davey's own Monte Carlo simulator and other tools that will enable you to automate and test your own trading ideas.

A purely discretionary approach to trading generally breaks down over the long haul. With market data and statistics easily available, traders are increasingly opting to employ an automated or algorithmic trading system—enough that algorithmic trades now account for the bulk of stock trading volume. Building Algorithmic Trading Systems teaches you how to develop your own systems with an eye toward market fluctuations and the impermanence of even the most effective algorithm.

  • Learn the systems that generated triple-digit returns in the World Cup Trading Championship
  • Develop an algorithmic approach for any trading idea using off-the-shelf software or popular platforms
  • Test your new system using historical and current market data
  • Mine market data for statistical tendencies that may form the basis of a new system

Market patterns change, and so do system results. Past performance isn't a guarantee of future success, so the key is to continually develop new systems and adjust established systems in response to evolving statistical tendencies. For individual traders looking for the next leap forward, Building Algorithmic Trading Systems provides expert guidance and practical advice.

Keywords: Trading, Building Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading, Kevin Davey, automated trading, automating trading, trading algorithm, DIY trading system, alternative trading system, market analysis, trading strategies, investment strategies, automated trading software, increasing returns, mastering the market, developing trading systems, trading system process, analyzing market data, investment data mining, analyzing market patters, adjusting algorithmic trading systems

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2014
Language
en
Edition
1
Series
Wiley Trading
Page amount
288 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9781118778883
Printed ISBN
9781118778982

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