Automated Stock Trading Systems: A Systematic Approach for Traders to Make Money in Bull, Bear and Sideways Markets

by Laurens Bensdorp

Consistent, benchmark-beating growth, combined with reduced risk, are the Holy Grail of traders everywhere. Laurens Bensdorp has been achieving both for more than a decade. By combining multiple quantitative trading systems that perform well in different types of markets—bull, bear, or sideways—his overall systematized and automated system delivers superlative results regardless of overall market behavior.

In his second book, Automated Stock Trading Systems, Bensdorp details a non-correlated, multi-system approach you can understand and build to suit yourself. Using historical price action to develop statistical edges, his combined, automated systems have been shown to deliver simulated consistent high double-digit returns with very low draw downs for the last 24 years, no matter what the market indices have done. By following his approach, traders can achieve reliable, superlative returns without excessive risk.

212 pages, Kindle Edition

Published March 31, 2020

Reviews

[Jonathan Birnbaum · Rating 3 out of 5]

Bensdorp walks through how you can build a systematic stock trading strategy that is an ensemble of uncorrelated systems that provide, as written, phenomenal results.

Basically, you want to have systems that trade trend following and mean reversion from both long and short sides. The combination provides a holy grail of sorts that enable you to make money in all trading environments. Trades happen at open or close, and research can be done with just daily candles.

I haven't gotten round to backtesting the results, but I am very intrigued and like the overall concepts on thinking about having systems that accommodate all trading environments.

On the Negative: Up to you to figure out how to implement. There is a very brief pitch at the end to pay him money to teach you, which forces me to view the stated results under the skepticism of 'marketing' vs science. Also unsavory reviews of his classes are found if you search for him. That said, I did find the book educational and worth the time to add to the trading repertoire.

Read this as an ebook on Scribd.

[Khachatur · Rating 5 out of 5]

Reading the book for the 3rd time. At first it seemed a bit Sci-Fi, then getting more into the topic, understanding the concepts of edge, trading systems correlation, or actual non correlation, and how that could benefit on TS performance, now I see it highly valuable book that has a great contribution to my financial goals.

[Paul · Rating 5 out of 5]

This book presents one person's automated method to make money in the stock market under any sort of market conditions.

The author emphasizes that his system should not be copied. You, the reader, have to decide what works best for you. Do you want to make big profits from few trades, or smaller profits from multiple trades? What is your tolerance for risk or volatility? It's easy to say that you accept the possibility of losing lots of money. Will you still feel that way, and stick with your system, when the balance in your trading account drops by, say, 25 percent? Do you want to specialize in one type of stock, like penny stocks or the S&P 500?

It's very acceptable (it's also a good idea) to have several different trading "systems" going at the same time. You don't want to put all your money in one place, for instance, betting that the S&P 500 will continue to go up. What if there is a major sell-off, like during the 2008 Great Recession? It's very reasonable to bet that the market will go up, or down, at the same time (you make money either way). Everything is based on what a stock has done, and not on trends, or fundamentals or Secret Tips available only from the author.

This is a very interesting book. For anyone who is serious about stock trading, reading this book is a very good idea.

[Ryan Smith · Rating 5 out of 5]

Must read - elegant approach

This is a different take on a diversified portfolio. I always thought diversity meant I should buy a basket of stocks. What we should really do is have several strategies. You get 7 strategies clearly explained in this short book. It would be helpful to know what trading platform the author uses for his scanners, but I suspect any would work if correctly set up. This is a great book.

[ajay Kumar · Rating 4 out of 5]

for someone who wants to start reading abt automated algo a good way to begin....explains the concept pretty well and much much better than the previous book that i read..but overall i would say for a person who has some idea the book is still not there and could have been much more detailed in its concepts

[Ivan Padron · Rating 5 out of 5]

the best way in few pages

excellent, it is the best way to know that is going to happen will based on behavior of the price

[Alireza Jafari · Rating 1 out of 5]

Not recommended to read. It doesn't add to your knowledge, some basic subjects that can be found on YouTube.