12:45 AM
Beyond Technical Analysis: How to Develop and Implement a Winning Trading System
Posted by Tauke Saham
Beyond Technical Analysis: How to Develop and Implement a Winning Trading System
by Tushar S. Chande
"Nothing is easier than developing a trading system by the usual process of trial and terror..."
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.
A step-by-step guide to creating trading systems for individual trading beliefs and profit objectives. Written to accommodate both the beginner and the expert, with an overview of strategies, testing techniques and technical analysis, plus an introduction to the author's Chande Comfort Zone method.
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.
A step-by-step guide to creating trading systems for individual trading beliefs and profit objectives. Written to accommodate both the beginner and the expert, with an overview of strategies, testing techniques and technical analysis, plus an introduction to the author's Chande Comfort Zone method.
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