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The New Trading Systems and Methods, 4th Edition (Wiley Trading) |  | Author: Perry J. Kaufman Publisher: John Wiley & Sons
List Price: £90.00 Buy New: £51.00 as of 9/9/2010 04:52 BST details You Save: £39.00 (43%)
New (28) Used (8) from £49.99
Rating: 3 reviews
Media: Hardcover Edition: 4th Edition Pages: 1200 Number Of Items: 1 Shipping Weight (lbs): 4.5 Dimensions (in): 10.1 x 7.3 x 2
ISBN: 047126847X Dewey Decimal Number: 332.644 EAN: 9780471268475
Publication Date: March 24, 2005 Availability: Usually dispatched within 1-2 business days
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| Customer Reviews: Comprehensive and well-explained theoretical & practical book July 24, 2010 Ben Finn (UK) 1 out of 1 found this review helpful
Though I am not an expert on this subject (or at least, only on parts of it), this is clearly a thorough and pretty comprehensive book.
It includes full details of numerous trading strategies for a wide range of instruments, with particular emphasis on statistics and use of computers, which are well explained. It includes recent techniques such as the use of evolution to optimize strategies and portfolios. It covers both theoretical and practical considerations of trading and developing strategies. At over 1100 pages (plus a CD-ROM) it is a pretty encyclopedic work.
I do have some suggestions for improvement, however - most of which could be achieved by some thorough editing:
1. This fourth edition was published in 2005, but includes a lot of material presumably from much older editions, some of which is rather dated. (For example, various of the computer examples are written in Fortran and/or for the Apple II!) Some of this could be cut.
2. It is quite repetitive, perhaps because the reader is expected to use it as a reference work rather than read it from cover to cover (as I did). I think it could do with some reorganizing to remove these repetitions and thereby make it both shorter and better structured.
3. The index has various omissions, and there are quite a few typos.
I agree... November 21, 2009 nick_rev_1 (Canterbury, UK) 5 out of 5 found this review helpful
I agree with the last review (Michael Pokrass). I have this book and rate it very highly.
I have now read a lot of trading books. Many books rated very highly by customers don't seem to cut the mustard so far as I am concerned - perhaps not because the books are bad, maybe more because they are not what I am looking for as a budding system-trading developer. Sometimes they are 'one idea' books (I won't name them here, but two very popular works spring immediately to mind).
This is different. It is a comprehensive compendium of trading systems ideas together with supporting trade-station code. It includes ideas for further research by the reader, which is actually very helpful, and even indicates those areas which the author considers would likely be promising.
Includes day-trading and swing to medium to longer-term ideas, with more focus on the shorter time frames.
Yes it's expensive, but this is a huge work (1200 pages) and is actually relatively good value at the reduced price amazon charge.
comprehensive and useful October 14, 2008 Michael G. Pokrass 6 out of 6 found this review helpful
This is an excellent buy for anyone interested in creating a working trading system. It can be read cover to cover or used as a reference. It is a comprehensive guide and would be useful to both beginners and experts. I have read a number of books on the subject and would rate this in the top 3.
The first few chapters on charting are almost identical to Mr. Kaufman's Introduction to Technical Analysis so don't buy both books.
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