05470nam 22006974a 450 991044978100332120200520144314.00-470-42152-51-280-26578-797866102657870-471-73097-1(CKB)1000000000244135(EBL)221221(OCoLC)57471263(SSID)ssj0000200084(PQKBManifestationID)11173087(PQKBTitleCode)TC0000200084(PQKBWorkID)10220195(PQKB)10832952(MiAaPQ)EBC221221(CaSebORM)9780471730972(Au-PeEL)EBL221221(CaPaEBR)ebr10114157(CaONFJC)MIL26578(EXLCZ)99100000000024413520040706d2005 uy 0engur|n|---|||||txtccrMechanical trading systems[electronic resource] pairing trader psychology with technical analysis /Richard L. Weissman1st editionHoboken, NJ John Wiley & Sonsc20051 online resource (241 p.)The Wiley tradingDescription based upon print version of record.0-471-65435-3 Includes bibliographical references (p. 205-206) and index.Mechanical Trading Systems; Contents; Preface; Acknowledgments; Chapter 1: Dispelling Myths and Defining Terms; DISPELLING THE MYTHS: THE INEFFICIENT MARKET AND THE HARD ROAD TO PROFITS; TECHNICAL ANALYSIS: A DEFINITION; MECHANICAL TRADING SYSTEMS: A DEFINITION; DEFINING THE TIME FRAMES; TECHNICAL ANALYSIS: WHY IT WORKS; TYPES OF TECHNICAL INDICATORS: TREND-FOLLOWING AND MEAN REVERSION; Chapter 2: Mathematical Technical Analysis; TYPES OF TECHNICAL INDICATORS; TREND-FOLLOWING INDICATORS: INDICATOR-DRIVEN TRIGGERS; PRICE-TRIGGERED TREND-FOLLOWING INDICATORS: DONCHIAN'S CHANNEL BREAKOUTMEAN REVERSION INDICATOR-DRIVEN TRIGGERS: OSCILLATORSChapter 3: Trend-Following Systems; PRELIMINARY CONSIDERATIONS; TWO MOVING AVERAGE CROSSOVER; ICHIMOKU TWO MOVING AVERAGE CROSSOVER; THREE MOVING AVERAGE CROSSOVER; ICHIMOKU THREE MOVING AVERAGE CROSSOVER; MACD; DMI; DMI WITH ADX; CHANNEL BREAKOUT; BOLLINGER BANDS; SOME COMPARISONS; GENERAL RULES OF THUMB; CUTTING THE TAILS OF A SYSTEM'S DISTRIBUTION; PSYCHOLOGICAL PROFILE OF A TREND-FOLLOWING TRADER; Chapter 4: Mean Reversion Systems; CONSIDERATIONS IN ANALYZING INTERMEDIATE-TERM MEAN REVERSION TRADING SYSTEMSTREND-FOLLOWING MEAN REVERSION SYSTEMSNONDIRECTIONALLY BIASED MEAN REVERSION SYSTEMS; PSYCHOLOGICAL PROFILE OF AN INTERMEDIATE-TERM MEAN REVERSION TRADER; FADING THE LOSING SYSTEM; Chapter 5: Short-Term Systems; LIQUIDITY AND VOLATILITY; BACKTESTED RESULTS; SWING TRADING WITH 2-HOUR BARS; MEAN REVERSION SYSTEMS USING 60-MINUTE BARS; NONDIRECTIONALLY BIASED MEAN REVERSION SYSTEMS; MEAN REVERSION SYSTEMS USING 30-MINUTE BARS; 15-MINUTE BAR SYSTEMS: RSI EXTREMES WITH 50-HOUR MOVING AVERAGE FILTER; 5-MINUTE BAR SYSTEMS: RSI EXTREMES WITH 16.67-HOUR MOVING AVERAGE FILTERPSYCHOLOGICAL PROFILE OF A SHORT-TERM TRADERChapter 6: Knowing Oneself; TRADER PSYCHOLOGY: EVER THE SAME AND PERPETUALLY CHANGING; TIME FRAMES, TRADING SYSTEMS, AND PERSONALITY TRAITS; Chapter 7: System Development and Analysis; SYSTEM DEVELOPMENT ISSUES: AN OVERVIEW; BENEFITS OF MECHANICAL TRADING SYSTEMS; PITFALLS OF MECHANICAL TRADING SYSTEMS; OPTIMIZATION PROCESS; SYSTEM DEVELOPMENT PROCESS; DATA ANALYSIS PROCESS; TRADING SYSTEM PHILOSOPHY STATEMENTS; MEASURING TRADING SYSTEM PERFORMANCE; Chapter 8: Price Risk Management; PRICE RISK MANAGEMENT ISSUES: AN OVERVIEWSTOP-LOSS PRICE RISK MANAGEMENT FOR TRADING ACCOUNTSTWO SCHOOLS OF PRICE RISK MANAGEMENT; STOP-LOSS PRICE RISK MANAGEMENT; VOLUMETRIC PRICE RISK MANAGEMENT: MARTINGALE AND ANTI-MARTINGALE STRATEGIES; VALUE AT RISK: AN OVERVIEW; BENEFITS OF VALUE AT RISK; PITFALLS OF VALUE AT RISK; STRESS TESTING; PSYCHOLOGY OF PRICE RISK MANAGEMENT; MECHANICAL TRADING SYSTEMS, DRAWDOWNS, AND TRADER CONFIDENCE; Chapter 9: Improving the Rate of Return; THREE TYPES OF DIVERSIFICATION; DIVERSIFICATION OF PARAMETER SETS; MECHANICS OF TRADING SYSTEM DIVERSIFICATION; PSYCHOLOGY OF TRADING SYSTEM DIVERSIFICATIONChapter 10: Discretion and Systems TradingA wide variety of flexible trading systems that combine sophisticated technical analysis with trading psychology theoryMechanical Trading Systems examines the development process for choosing and using mechanical trading systems in conjunction with trader psychology. This book discusses the advantages and disadvantages of mechanical trading systems; the dangers in system development and how to avoid them; the optimal methods for back-testing trading systems; position sizing and other risk quantification tools; and methods of improving rates of return on investments without significantly inWiley trading.Investment analysisSpeculationElectronic books.Investment analysis.Speculation.332.63/2042Weissman Richard L907504MiAaPQMiAaPQMiAaPQBOOK9910449781003321Mechanical trading systems2258245UNINA