In Quantitative Trading: How to Build Your Own Algorithmic Trading Business by Dr. Ernest Chan teaches independent traders how to implement algorithmic trading and challenge institutional traders in this practical guide.
The text is organized according to the step one should take to begin trading quantitatively. The book will teach traders how to find viable trading strategies, how to backtest your strategy using Excel and MATLAB, how to build and then implement an automated trading-system to execute your plan, how wind down or scale up your strategies according to profitability, how to manage risks and money and how to incorporate advanced concepts used by professionals in day-to-day trading activities. The author does not delve into complicated theories. Instead, he uses simple techniques and tools to help readers gain a competitive edge over institutional traders.
The text is organized into 8 chapter topics. These are: The 3 Ws of Quantitative Trading, Fishing for Ideas, Backtesting, Setting Up Your Business, Execution Systems, Money and Risk Management, Special Topics in Quantitative Trading and Conclusion.
Quantitative Trading: How to Build Your Own Algorithmic Trading Business was published by John Wiley and Sons in 2008 and is available in hardcover format.
Learn successful strategies and tips on how to implement independent algorithmic trading and get ahead of institutional traders.
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