Trading system design books suggestion

Discussion in 'Strategy Building' started by j2ee, Oct 16, 2012.

  1. ronblack

    ronblack

    You are too generous. Probably in 5 pages with a 12 pt font, single spaced.

    Anyone looking to find out how to develop systems from books will never make any money. You only learn by doing it and also when using some tools suitable for that purpose than most retail losers cannot afford.
     
    #11     Oct 17, 2012
  2. j2ee

    j2ee

    I don't agree since strategy is what matter. Apply the strategy to MT4 or amibroker or whatever should be the same. Learning how to use the IT system is another issue.
     
    #12     Oct 18, 2012
  3. j2ee

    j2ee

    I don't agree, since that is how you get your thinking start and develop your own strategy. May be no book can teach you the best strategy, but all of your reading help you to think and create your own.
     
    #13     Oct 18, 2012
  4. ronblack

    ronblack

    Don't care if you agree. Developing systems is an art, not a science. Nobody with a winning methodology for developing systems will put it down in a book unless he is stupid and that contradicts the fact that he is smart. So good luck with yours.
     
    #14     Oct 18, 2012
  5. j2ee

    j2ee

    This is not true. Other than money, there is something call reputation, fame in the world, and after people earn good amount of money, those come to mind and they would like to write a book or two to leave a mark in the world. Even they wouldn't 100% just release the way they trade, they may give you a good introduction or big picture to let some people find the right way to do research.
     
    #15     Oct 18, 2012
  6. I've known a few authors, and they all say, "Of course I leave out the good stuff." That is their "edge," even though if their edge was that good they wouldn't have to write books.

    yes, they love and need the fame. but they also do it usually very quickly for money. and they could care less if it works for you, as long as you buy the book.

    you will get a good idea about the whole thing, but you are not smart if you think this will really be the holy grail. or even close. or even close to even close. go to the library and find something.
     
    #16     Oct 18, 2012
  7. j2ee

    j2ee

    Most of the book/magazines/newspaper writers are just writing for money, they don't even care if they write anything real or good for you, as long as someone buys the thing and let they keep earning money.

    But there are few % of writers really know their stuff and share little bit of their wisdom.

    For example, I like to read ed seykota FAQ. May be he is not really that smart that very probably the highest return % trader out there? May be he does the online FAQ just to...let more rich people believe in him to let him manage their money?

    He just has one book and seem like that is not even a trading book...(I don't have a chance to read that because there is no way I can find that book in my city), he shares how he thinks in his FAQ..why?...may be he just likes to share while he is lonely by himself in his next to lake big house?

    Does he even talk about his formula or program? NO. Does his FAQ give people insight how a profitable trading system big picture should be? Yes

    Is he one of your author friends? NO.
     
    #17     Oct 19, 2012
  8. Humpy

    Humpy

    Just suppose someone had a truly 100% winning system.

    Would they tell everyone in a book, which at best would make a paltry million or two - of course NOT

    And just suppose Joe Public found that system then it's game over for the markets - there would be a complete consensus about market direction. The "down the road " quantum computers might just do that if they can predict up and down at the same time ?
     
    #18     Oct 19, 2012
  9. Read all the books for the variety of ideas discussed, and to get your thought processes going.

    Test some of the ideas in various markets, either sim or paper trading.

    With that experience, design a system that works for YOU. Test and refine.

    Use the system, keep on reading, keep on reviewing, keep on adjusting and fine tuning - last year's perfection is this year's obsolescence.
     
    #19     Oct 19, 2012
  10. j2ee

    j2ee

    Let's say you need 100% knowledge to get to 80% winning system. Someone in the world may really knows how to do so and he likes to share 20% of his knowledge big picture on how to do that, and you may work hard enough to find out how the other 60% be in your own way. Someone really like to share even they are rich and know what is going on, but it is also your knowledge to find out which books out of so many books tell you that 20% and you figure out the other 60% on your own.
     
    #20     Oct 21, 2012