This book is an indispensable tool for an individual trader who is struggling to build a successful trading system and strategy. Squinting at price charts and drawing lines on those charts have become caveman's tools in the 21st century markets. Large trading firms, institutional banks, hedge funds and even savvy alpha traders have moved past traditional trading methods and making trades using advanced mathematical algorithms and formulations to produce the highest risk adjusted returns. They have learned to play at the level where regular individual retail trader cannot even follow let alone to compete. Ramesh has been trading Forex and the US Stocks/ETFs for over 20 years with great success and he reveals his strategies of building successful trading systems using the 10/20/30 Rule. He wants to equip retail forex traders to have the same firepower in trading like the big banks. The first part of the book provides a full bird's eye view of forex fundamentals and some of the key elements in forex that are conveniently omitted and can be costly to a trader when such advice is not taken. After establishing a strong forex foundation, in the second part, the book dives in to guide the reader in ways of designing, optimizing, and evaluating a forex trading strategy using a quantitative approach without complex mathematical formulation. The author's main goal for this book is to equip retail trader with the ability to generate and build their trading system using quantitative rule based approach where only hedge funds and institutional firms have the know-hows. The author introduces a unique 10/20/30 Rule for trading system development, and walks with the reader with a real case example. Showing how a mediocre system can be transformed to a winner by implementing the components of the 10/20/30 Rule. Also, the 10/20/30 Rule is not just about backtesting a system. Backtesting a poor system will produce a poor backtested result. Under the hood, the 10/20/30 Rule uses a powerful yet simple method that brings out the full potential of a trading system a reader can apply and achieve better results. These are powerful techniques that are revealed in this book.
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Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.