Weekend Trend Trader

by Nick Radge

The Weekend Trend Trader is a trading strategy designed for people who want a simple to follow trading plan that trades just once a week. An ideal investment strategy for people who work full time but are actively planning for their retirement. Weekend Trend Trader is designed for and tested on the US stock Market. The Weekend Trend Trader strategy is a turnkey strategy that uses no discretion. In other words the strategy has a set of rules and users should understand why they entered a trade and when and how they will exit. Because the rules are strictly and mathematically defined we are able to back test the strategy on historical data. This enables us to understand the strategy's nuances and therefore better understand how the journey to success will be travelled. The strategy is a combination of several tools that 1.ensures you will always be aligned with the trend of the broader market, 2.enters positions at specific points and with reasonable confirmation, 3.manages existing positions with a trailing stop loss, 4.defends existing positions if the trend of the broader market reverses, 5.outlines how much to invest in each position. We will fully step through each of these points in detail and slowly build the system from the ground up. Nick Radge is Head of Trading and Research at The Chartist, Australia, Nick has extensive experience designing and testing trading strategies. Nick actively trades both the US and Australian stock markets alongside his clients.

48 pages, Kindle Edition

First published November 14, 2013

Reviews

[Jodie · Rating 4 out of 5]

Very good system

I like this book a lot. Straight to the point, gives you the system and the simulation numbers to back it up. So many books fail on giving the actual system. I gave 4 stars because it lacks more in-depth here’s why the system works and how it was tested. Overall, if you’re looking for a systematic trend trading system - this book gives you one.

[Greg · Rating 3 out of 5]

A quick read giving a straight forward strategy based on moving averages. Probably the most interesting part of this short ebook was the authors take on trailing stops and his method of giving a trend space to playout.

Maybe it's worth more than 3 stars, because maybe it's a strategy that would work, I honestly haven't gone and really looked at it much though. It does make logical sense though. Another reviewer pointed out that the book seems to end rather abruptly, and it kind of does. It's not often you read the last page of a book (I guess this is more of an ebook thing than a physical book where you could see that there are no more pages to come) and are a little surprised that it's just over. The book ends with an offer to buy some sort of indicator or scanning method for some trading platform for the low cost of $699 AUD, which led me to wonder did anyone take him up on buying this because I'm pretty sure this strategy could be easily coded into something like TOS in less than five minutes.

[J MACKAY · Rating 4 out of 5]

But wait! There's no more!!

It was very good as far as it went.Then just stopped. Most people will have to splash out on Amibroker and The Chartist programme to realise the strategy potential. I found that rather disingenuous and dissapointing. I really enjoyed his book about Australian traders (especially Scott Barlow)so was expecting much more. I feel slightly conned.

[Renkly Biri]

I do my test on some randomly selected stocks of the last 10 years but ıt dissappointed me. At first glance it seem " Oh my God! I found my holy grail" but NOT.
I think the Authors examples on the book was seleceted on purpose.
The system easy to follow but requires strong patience because sometimes it takes years to get in and out.