Building Winning Trading Systems with Tradestation, + Website

by George Pruitt

The updated edition of the guide to building trading systems that can keep pace with the market The stock market is constantly evolving, and coupled with the new global economic landscape, traders need to radically rethink the way they do business at home and abroad. Enter Building Winning Trading Systems, Second Edition , the all-new incarnation of the established text on getting the most out of the trading world. With technology now a pervasive element of every aspect of trading, the issue has become how to create a new system that meets the demands of the altered financial climate, and how to make it work. Giving voice to the question on every trader and investor's lips, the book asks, "How can we build a trading system that will be paramount for our increasingly stressed markets?" The answer? Establish mechanical trading systems that remove human emotion from the equation and form the cornerstone of a complete trading plan and with greater agility, characteristics that are more important than ever given the kinetic pace of the markets. Once again paving the way for traders who want to adapt to their environment, Building Winning Trading Systems, Second Edition combines expertise in indicator design and system building in one indispensable volume.

Genres: Finance

416 pages, Hardcover

First published December 10, 2002

Reviews

[Bernd · Rating 3 out of 5]

With its largely product-specific focus (Tradestation 6, early 2000s) this book comes across a bit dated. While much of the general Tradestation and EasyLanguage concepts and references are still applicable to more current versions of the product, much of this material has been freely available on Tradestation.com. IMHO, the main value of this book is in chapter 5, about "Measuring Trading System Performance and System Optimization". Again, concrete product references are outdated, but the concepts elaborated are timeless and very relevant (e.g. how to measure consistency of any trade strategy/system)

[stoictrader · Rating 4 out of 5]

If you want to create your own indicators for data analysis & programming is not your thing then Easylanguage programming lang is for you. Tradestation started using extensively, later Multicharts adopted it (I use multicharts since it allows third party data feed easily & lot more user friendly) This book will surely help you at initial stage. There are few interesting indicators author coded & added for readers as extra bonus. You can backtest & use if you like.

[Lois]

I wanted a book to learn Tradestation and I was a bit disappointed with this one. The first 25-30% of the book teaches the basics of tradestation and its development IDE. However, there is some good information on building algorithmic trading systems later on.