The Evaluation and Optimization of Trading Strategies by Robert Pardo

By Robert Pardo

A newly multiplied and up to date variation of the buying and selling vintage, layout, trying out, and Optimization of buying and selling platforms

Trading structures specialist Robert Pardo is again, and in The assessment and Optimization of buying and selling suggestions , a completely revised and up to date version of his vintage textual content layout, trying out, and Optimization of buying and selling platforms , he unearths how he has perfected the programming and trying out of buying and selling structures utilizing a profitable battery of his personal time-proven suggestions. With this booklet, Pardo gives you vital info to readers, from the layout of attainable buying and selling recommendations to measuring matters like revenue and threat. Written in a simple and available variety, this particular consultant provides investors with how to boost and make sure their buying and selling technique it doesn't matter what shape they're presently using–stochastics, relocating averages, chart styles, RSI, or breakout tools. no matter if a dealer is looking for to augment their revenue or simply getting began in trying out, The overview and Optimization of buying and selling recommendations deals sensible guide and specialist suggestion at the improvement, evaluate, and alertness of profitable mechanical buying and selling platforms.

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The benefit of a successfully tested mechanical strategy is obvious—financial gain. The drawbacks of an improperly tested strategy, however, are many. The primary one is financial loss, sometimes as extreme as financial ruin. To add insult to financial injury, these trading losses are often preceded by hundreds of hours of labor and the attendant frustration and disappointment that naturally follow from such a failure. The trader who diligently applies the procedures provided herein to the development and evaluation of his trading strategy will be able to avoid these costly pitfalls.

Optimization proceeds through two levels. The first is an optimization of the trading strategy over a variety of different markets and time periods. The main purpose of this stage is to determine to what degree the trading strategy is enhanced by optimization. If the strategy demonstrates better performance under optimization, then it is taken to the final round of optimization and testing: the Walk-Forward Analysis. Chapter 11: Walk-Forward Analysis presents this advanced method of strategy optimization, testing, and validation alongside the three major objectives achieved by Walk-Forward Analysis (WFA).

As such, it is fair to say that they have passed my tests of time and of success in real-time trading. Of course, there are some refinements and trade secrets that I do not disclose. I can say, however, that if a trading idea has initial merit, then a diligent application of the principles disclosed in this book will produce tradable strategies performing at optimal levels. If you are new to trading strategy development, I would encourage you to master these principles and put them to the test.

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