Quantitative finance collector
C++ Matlab VBA/Excel Java Mathematica R/Splus Net Code Site Other
May 16

Quantitative Trading Strategies: Harnessing the Power of Quantitative Techniques to Create a Winning Trading Program

Posted by Bill at 08:27 | Paper Review | Comments(0) | Reads(10502)
This article is a short review of the book “Quantitative Trading Strategies: Harnessing the Power of Quantitative Techniques to Create a Winning Trading Program”, which is published by McGraw-Hill Trader's Edge Series, and was written by Lars Kestner.

This book is more for the person who is just beginning their career in quantitative trading, as opposed to the old-time experienced professionals. It is not too technical, therefore most people should find it is quite easy to read and understand.

In it you will learn some of the following, MACD under price oscillators, channel breakouts, dual moving average crossover, relative strength index stochastics, volatility breakout, and momentum trading.

Many of these approach’s where heavily used in the industry twenty years ago, and may not be viable options today. That being said, understanding the fundamentals of any discipline is extremely important, and learning a little bit of history never hurt anybody.

If you are using a software package like TradeStation, the book will teach you methods that you can utilize to develop your own computer code and trading system with. However, the book itself does not supply any code. In the book you will learn how to start with a simple straightforward concept, which later you can use to create a tool based on your own individual philosophies and personality.

There is very little, if any mathematical examples discussed in the book. Instead, the author attempts to supply you techniques or theories that you can utilize to cultivate your own models with. Probably the most important strategy you will learn in the book are “Money Management” skills, which are instructed based on the writers pass experience in this industry.

The final review of “Quantitative Trading Strategies: Harnessing the Power of Quantitative Techniques to Create a Winning Trading Program”, is neither positive or negative, since the value you receive from it will largely depend on what stage in your career you are at presently. If you are a hedge fund manager that has been doing quantitative trading for many years now, you will probably not get too much from it. If you are just starting to take an interest in this subject, you should probably acquire the book, since it will teach you a great deal of background information you will need to advance yourself in this industry.


Tags: ,
Add a comment
Emots
Enable HTML
Enable UBB
Enable Emots
Hidden
Remember
Nickname   Password   Optional
Site URI   Email   [Register]