Skip to content

The Evaluation and Optimization of Trading Strategies
Stock Photo: Cover May Be Different

The Evaluation and Optimization of Trading Strategies Hardcover - 2008 - 2nd Edition

by Pardo, Robert

  • Used

Description

UsedLikeNew. Remainder mark
New
NZ$148.94
FREE Shipping to USA Standard delivery: 4 to 14 days
More Shipping Options
Ships from BookCorner COM LLC (Pennsylvania, United States)

Details

  • Title The Evaluation and Optimization of Trading Strategies
  • Author Pardo, Robert
  • Binding Hardcover
  • Edition number 2nd
  • Edition 2
  • Condition New
  • Pages 368
  • Volumes 1
  • Language ENG
  • Publisher John Wiley & Sons, New York, NY, U.S.A.
  • Date 2008-01-01
  • Illustrated Yes
  • Features Bibliography, Dust Cover, Illustrated, Index, Price on Product - Canadian, Table of Contents
  • Bookseller's Inventory # 52YZZZ01KMN3_ns
  • ISBN 9780470128015 / 0470128011
  • Weight 1.25 lbs (0.57 kg)
  • Dimensions 9.3 x 6 x 1.3 in (23.62 x 15.24 x 3.30 cm)
  • Library of Congress subjects Investments - Data processing, Futures - Data processing
  • Library of Congress Catalog Number 2007038106
  • Dewey Decimal Code 332.645

About BookCorner COM LLC Pennsylvania, United States

Biblio member since 2018
Seller rating: This seller has earned a 5 of 5 Stars rating from Biblio customers.

We offer quality books at best prices.

Terms of Sale: 30 day return guarantee, with full refund including original shipping costs for up to 30 days after delivery if an item arrives misdescribed or damaged.

Browse books from BookCorner COM LLC

Summary

With all of the changes in communications, technology, and trading styles, a thorough and comprehensive working knowledge of how to properly design and test strategies has never been more important than it has become in today's extremely competitive markets. That's why Robert Pardo has created The Evaluation and Optimization of Trading Strategies, Second Edition. For anyone planning to employ algorithmic or mechanical strategies in their trading, this book offers the information you need to properly understand and execute them.

From the jacket flap

It would be an understatement to say that the world has changed dramatically in the sixteen years since the first edition of Design, Testing, and Optimization of Trading Systems was published in 1991. With all of the changes in communications, technology, and trading styles, a thorough and comprehensive working knowledge of how to properly design and test strategies has never been more important than it has become in today's extremely competitive markets. Robert Pardo argues that a trading strategy can only be properly evaluated and successfully traded when profit and risk have been measured precisely and accurately--which can only be done through computerized testing. In this updated and revised edition of his classic work, Pardo, a professional money manager and renowned expert in the design and testing of trading strategies and computerized trading applications, provides a clear-cut and specific road map for traders who want to transform a trading idea into a tested, verified, properly capitalized, and profitable automated trading strategy.

Pardo shows that the benefits of correct testing and optimization vastly outweigh the effort required to learn and master their proper application, and sets forth in detail the correct way to formulate, test, and evaluate a trading strategy. He explains how to properly optimize a trading strategy, incorporate out-of-sample data in the testing of a strategy, perform Walk-Forward Analysis, develop a trading strategy profile, and judge real-time trading performance with respect to the trading strategy profile developed via historical testing. In addition, he identifies the symptoms of overfitting--optimization that has "gone bad" and resulting in false conclusions and offers guidelines to avoid it.

The trading game has never been as large or as lucrative as it is today. Nor have the markets ever been more efficient than they are today. Yet traders the world over continue to make profits. Why? They have found an edge. For anyone planning to employ algorithmic or mechanical strategies in their trading, this book presents, in a straightforward and accessible style, the edge that you can use to obtain and enjoy the fruits of profitable trading.

About the author

Robert Pardo is a recognized expert in the design and testing of trading strategies and computerized trading applications, and a long-standing professional money manager. He is founder and President of Pardo Capital Limited, a professional money management firm; Pardo Group Limited, a consulting firm; and Pardo Analytics Limited, a proprietary market analysis services firm. Since 1983, Pardo has continuously updated his software as well as designed, programmed, and documented versions of various commercial trading applications. He has worked as a consultant with world-class trading firms such as Goldman Sachs, Transworld Oil, and Daiwa Securities, and created the XT99 trading platform as a joint venture and ongoing strategic alliance between Pardo Capital Limited and Dunn Capital Management. Contact Robert at rep@pardocapital.com, or go to his Web site at http//www.pardocapital.com.