tailieunhanh - Professional Stock Trading System Design and Automation

II In the movie Pi, Max Cohen is a brilliant number theorist trying to detect hidden order in the chaos of the stock market, an infinitely long string of numbers scrolling through the universe. During his relentless pursuit of the answer, he is stricken with migraine headaches, confronting powerful antagonists along the way. His singular obsession exemplifies the never-ending search for the ultimate solution - a master key to the market. | Professional stock Trading System Design and Automation FIRST EDITION With 140 Chart Examples MARK R. CONWAY AARON N. BEHLE k .PX I AST -Đriilỵ i 1150 00 I I I I 1130 00 I 1120 00 Ị I ị I 10 31 9 2001 4 5 6 7 10 11 We shape our buildings and afterwards Our buildings shape US. Winston Churchill Preface The most incomprehensible thing About the world is that It is at all comprehensible. Albert Einstein The beginning of a trading career is filled with excitement independence freedom and the potential to make money. After building up a starting stake and reading as many books about the market as possible the new trader is ready to wade into an ocean of stocks with a raft of ideas. As the trader soon discovers however a good idea does not always translate into a good trade. A long string of losing trades will have the trader jumping from one idea to another without realizingthat having a system is just a single cornerstone oftrading success. The most popular trading books focus on technical analysis and pattern identification suggesting an underlying order to the stock market. Unless the trader has a framework for trading these patterns the process of trading can be both subjective and overwhelming. When certain patterns stop working the trader will abandon them just before they resume working again resulting in a never-ending quest for profits. This is the first book to give a trader a complete automated framework for trading stocks a model that encompasses money management position sizing order entry and a set of trading systems. Nothing is left to chance during the execution process while the trader is freed to create. The model imposes discipline on the mechanics of trading not on the creative aspects of system design. The reader should have several years of trading experience and a background in technical analysis. Proficiency in either trading systems development with a language such as EasyLanguage or software development .