Robert Pardo – Design Testing And Optimisation Of Trading Systems
Description of Design Testing And Optimisation Of Trading Systems
A practical, hands-on guide to setting up, adjusting, and trading mechanical systems that requires no computer or programming skills!
Here’s everything you’ll need to develop and verify each stage of a profitable trading strategy, from formulation through testing to real-time trading. Armed with the author’s battery of easily accomplished testing and optimization techniques – many never before published – you’ll design a workable trading strategy, reliably measure its profit potential and risk, and then test to see if it works in real-time trading.
No matter what your level of trading expertise, now you can swiftly isolate and eliminate the causes of trading failure and make the decisions essential to profitable computerized trading. You’ll discover:
The seven major components of mechanical trading strategies and their uses
When and how to use fast, accurate and realistic computer simulations to evaluate a strategy’s trading performance without risking precious capital
The best ways to tailor a trading strategy to fit the unique personalities of widely different markets
What to expect from a trading model in real-time trading
This book helps you develop, evaluate, and apply a winning computer trading system that suits your specific needs.
What will you learn in Design Testing And Optimisation Of Trading Systems?
On Optimization
Trading System Development
Trading System Structure
The Rules of Simulation
Search and Judgment
Exercises in Testing
Optimizing the Trading System
The Evaluation Of Performance
The Many faces Of Overfitting
The Evaluation of Real-Time Trading
About Robert Pardo
Robert Pardo is the President and CEO of Pardo Capital Management, LLC and is its primary strategist and portfolio manager. Robert has been instrumental in laying the initial foundations of what have become industry-wide algorithmic software applications, advancing how systematic trading is done today.
Robert expressed his ideas about the testing and development of trading systems in his highly regarded book titled The Design, Testing and Optimization of Trading Systems (DTOTS), published by J. Wiley & Sons in 1991. This book — referred to in the industry as the “Black Bible” — has long enjoyed the international acclaim of the trading community and is widely considered a trading classic. He updated DTOTS in 2007 in a renamed and greatly expanded 2nd edition The Evaluation and Optimization of Trading Strategies.
