Algorithmic Trading: Winning Strategies and Their Rationale: 625 (Wiley Trading)
Product ID: 62310885
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Praise for Algorithmic TRADING “ Algorithmic Trading is an insightful book on quantitative trading written by a seasoned practitioner. What sets this book apart from many others in the space is the emphasis on real examples as opposed to just theory. Concepts are not only described, they are brought to life with actual trading strategies, which give the reader insight into how and why each strategy was developed, how it was implemented, and even how it was coded. This book is a valuable resource for anyone looking to create their own systematic trading strategies and those involved in manager selection, where the knowledge contained in this book will lead to a more informed and nuanced conversation with managers.” ―DAREN SMITH, CFA, CAIA, FSA, Managing Director, Manager Selection & Portfolio Construction, University of Toronto Asset Management “Using an excellent selection of mean reversion and momentum strategies, Ernie explains the rationale behind each one, shows how to test it, how to improve it, and discusses implementation issues. His book is a careful, detailed exposition of the scientific method applied to strategy development. For serious retail traders, I know of no other book that provides this range of examples and level of detail. His discussions of how regime changes affect strategies, and of risk management, are invaluable bonuses.” ―ROGER HUNTER, Mathematician and Algorithmic Trader Review: Excellent Book - Clearly explained concepts, along with code snippets to apply the strategies straight away. The best book I have read on the topic. Highly recommended! Review: Great book - This book is great. I'm a software developer and have always been interested in learning about the algorithms behind trading.
| Best Sellers Rank | 250,996 in Books ( See Top 100 in Books ) 1,186 in Personal Finance (Books) 1,572 in Professional Finance |
| Customer Reviews | 4.4 out of 5 stars 200 Reviews |
J**A
Excellent Book
Clearly explained concepts, along with code snippets to apply the strategies straight away. The best book I have read on the topic. Highly recommended!
A**S
Great book
This book is great. I'm a software developer and have always been interested in learning about the algorithms behind trading.
T**S
Segundo libro de este excelente autor.
El libro profundiza aun más que su primer libro de Trading Cuantitativo en el Trading Algorítmico planteando estrategias concretas para probarlas.
R**.
Bridging Market Dynamics and Mean Reversion Tools
This is certainly a worthwhile book. Importantly, it is rare in its integration of insights into market dynamics with a discussion of their most appropriate accompanying statistical tools. As the first reviewer accurately described, "in effect it is an ideal primer for the quant newbie". To that end, it is important to zero in on "primer" and "newbie". Many experienced investors and traders understand the pitfalls and benefits of algorithmic trading. Unfortunately, many newbie quants seem to have little idea of the biases and unrealistic results in their approaches. This makes it difficult for experienced portfolio managers to communicate their insights about markets and securities and relate it to the mathematical and statistical framework of their quant teams. To that end, I'd expand the first reviewer's definition and say that this is a very valuable primer for highly experienced market professionals who are looking to expand their quantitative framework. Algorithmic Trading: Winning Strategies and Their Rationale makes this process easier through its unique combination of broad generalizations and specific examples. As such, it can be a point of discussion and specific statistical work on algorithmic strategies. Chen has done a great job of building a bridge for communication, testing, and discussion of trading strategies. This book provides the foundation blocks for approaching and understanding mean reversion strategies in a quantitative framework.
M**J
Great book on complex subject matter.
This book hits all the major important points and issues related to Algorithmic trading. If you don't have personal experience with this type of trading it will certainly fast track your knowledge. Second book I've read from Ernst, looking forward to reading the 3rd.
C**S
Five Stars
Excellent explanation of quant strategies, with accompanying theoretical background and matlab coding
C**N
Not profitanle systems
Most of those trading systems do not produce good results in today's markets
Trustpilot
1 month ago
2 weeks ago