Building Reliable Trading Systems: Tradable Strategies That Perform As They Backtest and Meet Your Risk-Reward Goals. Keith Fitschen. Building Reliable Trading Systems has 9 ratings and 0 reviews. Building Reliable Trading Systems: Tradable Strategies That Perform As Keith Fitschen. Nobody understands this better than author Keith Fitschen—a thought-leader in trading system development—and now, with Trading Strategy.
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One person found this helpful. If you have interest in building a stock or commodity trading system this is definitely the one book to get.
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In the end this is what trading is all about: Now, he shares his extensive experience in this field with you. Books by Keith Fitschen. Entries, yrading, and trading filters are discussed as these systemsare developed. Goodreads helps you keep track of books you want to read. While successful trading systems have been developed, in most cases, they work very well for a period of bullding in specific markets, but perform less well across all markets in all time frames.
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Fitschen recently developed a stock-trading system that profits in both bull and bear markets. Tradinf my own trading simulations I had been using Monte Carlo tests, which are recommended by many other authors. By the end of the process, both are “tradable” as is, but in order to tailor them to a range of risk-reward profiles—from large stock and commodity accounts to small—you’ll be introduced to some essential money management techniques.
Reg Bryant rated it liked it Aug 09, Written by an award winning system developer who has actively traded his systems for thirty years Introduces new ideas on money management and position sizing for different markets Details exactly what it takes to yrading, test, and implement a profitable technical trading system A companion Website contains supplementary material, including Excel spreadsheets designed to rate the strength reoiable entry signals and provide money management guidance based on market volatility and portfolio correlations Written with the serious trader in mind, Trading Strategy Generation is an accessible guide to building a system nuilding will generate realistic returns over time.
Want to Read saving…. Fitschen recently developed a stock-trading system that profits in both bull and bear markets.
Scott Thomas rated it really liked it Mar 08, Withoutabox Submit to Film Festivals. Michael Harston is currently reading it Jul 16, While it’s not easy to create a tradable strategy, due to pitfalls ranging from excessive curve-fitting to greed, if done the right way, you can achieve a realistic level of success. Account Options Sign in. You must have some familiarity with trading systems in order to be able to effectively progress through the book, but the investment is worth it.
With this information in hand, Fitschen moves on to outline twotradable systems: Please try again later.
Building Reliable Trading Systems : Keith Fitschen :
Written by an award winning system developer who has actively traded his systems for thirty years Introduces new ideas on money management and position sizing for different markets Details exactly what it takes to build, test, and implement a profitable technical trading system A companion Website contains supplementary material, including Excel spreadsheets designed to rate the strength of entry signals and provide money management guidance based on market volatility and portfolio correlations Written with the serious trader in mind, Trading Strategy Generation is an accessible guide to building a system that will generate realistic returns over time.
Javi Lopez added it Dec 19, Trading Strategy Generation skillfully explains how to take market insights or trading ideas and develop them into a robust trading system.
It also addresses one of thebiggest problems in developing astrategy–curve-fitting–and presents a unique methodologyknown as Build, Rebuild, and Compare, or BRAC, that can be usedto determine the degree of curve-fitting in your strategydevelopment. Mark added it Sep 10, The author is highly knowledgeable about technical indicators and shows which ones perform the best over large samples over stocks for many years. Qianyi Hu marked it as to-read Jan 14, Whereas commodities are trend following and commodities that go down tend to keep going down for awhile.
There’s a problem loading this menu right now. And for those who want even more detail about the strategies developed in this book, the trades for both systems can be found on www. Read more Read less. Joshua added it Oct 04, There are no discussion topics on this book yet.
It covers important topics such as how to develop your own trading system, ensuring that the signals are statistically valid, key differences between strategies for stocks and commodities and the importance of money management differentiated between small and large accounts – of vital importance but seldom talked about. Jon added it Dec 12, Written with the serious trader in mind, Building ReliableTrading Systems contains information that you’ll behard-pressed to find elsewhere–from BRAC tobar-scoring–and will put you in a better position to generaterealistic trading returns over time.
It also addresses one of the biggest problems in developing a strategy—curve-fitting—and presents a unique methodology known as “Build, Rebuild, and Compare,” or BRAC, that can be used to determine the degree of curve-fitting in your strategy development.
A tradable strategy is one that fits your own risk-reward goalsand trades as well in real time as it performs in adevelopment backtest. Fitschen also develops a money management overlay totrade the stock and commodity strategies together, which can yielda trading solution that is better than either alone.
See and discover other items: Spectraz marked it as to-read Mar 20, Open Preview See a Problem? Siva Kumar added it May 19, Request permission to reuse content from this title. Amazon Rapids Fun figschen for kids on the go. Amazon Renewed Refurbished products reliabpe a warranty.
Practicality is emphasized throughout the book. Fitschen shared so much of his good research ideas and processes for just the cost of this book. Research in the book shows that stocks are counter-trending, meaning that when a stock experiences a decrease in price short term it is likely to rebound.