Beyond Technical Analysis: How to Develop and Implement a Winning Trading System

✍ Scribed by Tushar S. Chande

• Publisher: John Wiley & Sons Inc
• Year: 1997
• Tongue: English
• Leaves: 177
• Series: Wiley Finance
• Edition: Har/Dskt
• Category: Library

✦ Synopsis

Unique book/disk package helps traders develop and forward-test a high-performance trading system In trading, a winning system is everything. Without a systematized methodology on which to base their actions, traders quickly succumb to market fear and confusion and watch helplessly as precious profits vanish. And while it is theoretically possible to buy a canned trading system, most experts agree that the best system is proprietary to each trader—developed, implemented, and tested by the individual to suit his or her exact requirements. In this book/software package, acclaimed technical trading system developer Tushar Chande shows traders how to develop a winning trading system, and how to test its future performance through computer simulation. The result? Users can paper trade their personal trading system before using it in the real world, accurately estimating how well they can cope with the day-to-day pressures of implementing the system when their capital is at risk and emotions are involved. Disk 1 provides a program enabling users to write a trade plan, create orders, rate their confidence for specific trades, and run P & L statements. Disk 2 is a demo disk for $ecure Trade Management Software.