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The Evaluation and Optimization of Trading Strategies
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The Evaluation and Optimization of Trading Strategies Hardback - 2008 - 2nd Edition

by Robert Pardo

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Summary

With all of the changes in communications, technology, and trading styles, a thorough and comprehensive working knowledge of how to properly design and test strategies has never been more important than it has become in today's extremely competitive markets. That's why Robert Pardo has created The Evaluation and Optimization of Trading Strategies, Second Edition. For anyone planning to employ algorithmic or mechanical strategies in their trading, this book offers the information you need to properly understand and execute them.

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From the publisher

A newly expanded and updated edition of the trading classic, Design, Testing, and Optimization of Trading Systems

Trading systems expert Robert Pardo is back, and in The Evaluation and Optimization of Trading Strategies, a thoroughly revised and updated edition of his classic text Design, Testing, and Optimization of Trading Systems, he reveals how he has perfected the programming and testing of trading systems using a successful battery of his own time-proven techniques. With this book, Pardo delivers important information to readers, from the design of workable trading strategies to measuring issues like profit and risk. Written in a straightforward and accessible style, this detailed guide presents traders with a way to develop and verify their trading strategy no matter what form they are currently using-stochastics, moving averages, chart patterns, RSI, or breakout methods. Whether a trader is seeking to enhance their profit or just getting started in testing, The Evaluation and Optimization of Trading Strategies offers practical instruction and expert advice on the development, evaluation, and application of winning mechanical trading systems.

From the jacket flap

It would be an understatement to say that the world has changed dramatically in the sixteen years since the first edition of Design, Testing, and Optimization of Trading Systems was published in 1991. With all of the changes in communications, technology, and trading styles, a thorough and comprehensive working knowledge of how to properly design and test strategies has never been more important than it has become in today's extremely competitive markets. Robert Pardo argues that a trading strategy can only be properly evaluated and successfully traded when profit and risk have been measured precisely and accurately--which can only be done through computerized testing. In this updated and revised edition of his classic work, Pardo, a professional money manager and renowned expert in the design and testing of trading strategies and computerized trading applications, provides a clear-cut and specific road map for traders who want to transform a trading idea into a tested, verified, properly capitalized, and profitable automated trading strategy.

Pardo shows that the benefits of correct testing and optimization vastly outweigh the effort required to learn and master their proper application, and sets forth in detail the correct way to formulate, test, and evaluate a trading strategy. He explains how to properly optimize a trading strategy, incorporate out-of-sample data in the testing of a strategy, perform Walk-Forward Analysis, develop a trading strategy profile, and judge real-time trading performance with respect to the trading strategy profile developed via historical testing. In addition, he identifies the symptoms of overfitting--optimization that has "gone bad" and resulting in false conclusions and offers guidelines to avoid it.

The trading game has never been as large or as lucrative as it is today. Nor have the markets ever been more efficient than they are today. Yet traders the world over continue to make profits. Why? They have found an edge. For anyone planning to employ algorithmic or mechanical strategies in their trading, this book presents, in a straightforward and accessible style, the edge that you can use to obtain and enjoy the fruits of profitable trading.

Details

  • Title The Evaluation and Optimization of Trading Strategies
  • Author Robert Pardo
  • Binding Hardback
  • Edition number 2nd
  • Edition 2
  • Pages 368
  • Volumes 1
  • Language ENG
  • Publisher Wiley, New York, NY, U.S.A.
  • Publication date 2008-01-01
  • Illustrated Yes
  • Features Bibliography, Dust Cover, Illustrated, Index, Price on Product - Canadian, Table of Contents
  • ISBN 9780470128015 / 0470128011
  • Weight 1.25 lbs (0.57 kg)
  • Dimensions 9.3 x 6 x 1.3 in (23.62 x 15.24 x 3.30 cm)
  • Category Business / Economics / Finance
  • Library of Congress subjects Investments - Data processing, Futures - Data processing
  • Library of Congress Catalogue Number 2007038106
  • Dewey Decimal Code 332.645

About the author

Robert Pardo is a recognized expert in the design and testing of trading strategies and computerized trading applications, and a long-standing professional money manager. He is founder and President of Pardo Capital Limited, a professional money management firm; Pardo Group Limited, a consulting firm; and Pardo Analytics Limited, a proprietary market analysis services firm. Since 1983, Pardo has continuously updated his software as well as designed, programmed, and documented versions of various commercial trading applications. He has worked as a consultant with world-class trading firms such as Goldman Sachs, Transworld Oil, and Daiwa Securities, and created the XT99 trading platform as a joint venture and ongoing strategic alliance between Pardo Capital Limited and Dunn Capital Management. Contact Robert at rep@pardocapital.com, or go to his Web site at http//www.pardocapital.com.

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The Evaluation and Optimization of Trading Strategies: 314 (Wiley Trading)

The Evaluation and Optimization of Trading Strategies: 314 (Wiley Trading)

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The Evaluation and Optimization of Trading Strategies: 314 (Wiley Trading)
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The Evaluation and Optimization of Trading Strategies: 314 (Wiley Trading)

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The Evaluation and Optimization of Trading Strategies
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The Evaluation and Optimization of Trading Strategies

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The Evaluation and Optimization of Trading Strategies

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Trading Strategies 2e

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The Evaluation and Optimization of Trading Strategies, 2nd Edition

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The Evaluation and Optimization of Trading Strategies
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The Evaluation and Optimization of Trading Strategies

by Pardo, Robert

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The Evaluation and Optimization of Trading Strategies (Wiley Trading)
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