Book description
The ultimate guide to trading systems, fully revised and updated
For nearly thirty years, professional and individual traders have
turned to Trading Systems and Methods for detailed information
on indicators, programs, algorithms, and systems, and now this fully
revised Fifth Edition updates coverage for today's markets. The
definitive reference on trading systems, the book explains the tools
and techniques of successful trading to help traders develop a program
that meets their own unique needs.
Presenting an analytical framework for comparing systematic methods
and techniques, this new edition offers expanded coverage in nearly
all areas, including trends, momentum, arbitrage, integration of
fundamental statistics, and risk management. Comprehensive and
in-depth, the book describes each technique and how it can be used to
a trader's advantage, and shows similarities and variations that may
serve as valuable alternatives. The book also walks readers through
basic mathematical and statistical concepts of trading system design
and methodology, such as how much data to use, how to create an index,
risk measurements, and more.
Packed with examples, this thoroughly revised and updated Fifth
Edition covers more systems, more methods, and more risk analysis
techniques than ever before.
- The ultimate guide to trading system design and methods, newly revised
- Includes expanded coverage of trading techniques, arbitrage,
statistical tools, and risk management models
- Written by acclaimed expert Perry J. Kaufman
- Features spreadsheets and TradeStation programs for a more
extensive and interactive learning experience
- Provides readers with access to a companion website loaded with
supplemental materials
Written by a global leader in the trading field, Trading Systems
and Methods, Fifth Edition is the essential reference to trading
system design and methods updated for a post-crisis trading
environment.
Perry J. Kaufman has over thirty years of experience in the
equity and derivatives markets. A prominent expert on systematic
trading, he travels internationally, lecturing to funds, governments,
and portfolio managers. He began his career in the aerospace industry,
working on the navigation and control systems of the Gemini
space program. The markets captured his attention in the early 1970s,
and he was one of the first to develop computer models for making
market decisions. Kaufman developed a portfolio optimization program
that operates on disjoint equity series output from a trading
environment. He has created market-neutral strategies, stat-arb
trading methods, short-term program trading for cash, and derivative
market instruments for institutional and commercial applications.
Kaufman was the first chairman of the advisory board of the Vermont
Securities Institute, and has served on the Director's Committee of
Columbia University's Center for the Study of Futures Markets,
founding the Journal of Futures Markets. In 2002, he taught a
landmark course in systematic trading at the graduate school of Baruch
College. Perry Kaufman is the author of several popular trading books
including A Short Course in Technical Trading and Alpha Trading.
