October 2015
Intermediate to advanced
704 pages
23h 13m
English
book
Technical Analysis: The Complete Resource for Financial Market Technicians, Third Edition
by Charles D. Kirkpatrick II, Julie R. Dahlquist
Content preview from Technical Analysis: The Complete Resource for Financial Market Technicians, Third Edition
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Chapter 22. System Design and Testing
Chapter Objectives
By the end of this chapter, you should be familiar with
• The importance of using a system for trading or investing
• The difference between a discretionary and a nondiscretionary system
• The mind-set and discipline required to develop and trade with a system
• The basic procedures for designing a system
• The role that risk management plays in system design
• How to test a system
• Standard measures of system profitability and risk
We have covered most of the methods used by technical analysts to analyze the trading markets. We now enter into the field of how to utilize this knowledge to produce profits and reduce risk. Any constant and consistent management of assets requires money ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.