Beyond Technical Analysis :
How To Develop And Implement A Winning Trading System by Tushar S. Chande
How To Develop And Implement A Winning Trading System by Tushar S. Chande
Beyond Technical Analysis is in its own way a unique Forex book. It doesn’t offer its readers some specific trading strategies or methods of technical analysis, or anything else of this type that can be found in many other books related to the financial trading. Beyond Technical Analysis shows traders how to create their own strategies based on the methods of technical analysis that work in Forex, futures and equities markets. This Forex book starts off with creating a trading system and ends with a picking a right system for the particular market and conditions. This book is recommended for the advanced traders as it will require some basic knowledge of the trading and familiarity with the trading software, for which the system is going to be developed. It includes the following chapters: developing and implementing trading systems, principles of trading system design, foundations of system design, developing new trading systems, developing trading system variations, equity curve analysis, ideas for money management, data scrambling and a system for trading.
This is a book about designing, testing, and implementing trading sys- tems for the futures and equities markets. The book begins by develop- ing trading systems and ends by defining a system for trading. It focuses exclusively on trading systems. Hence, I have assumed that the reader has at least a working knowledge of technical analysis and is familiar with software for developing technical trading systems.
The book is broadly divided into two parts. The first half deals with development and testing—how the system worked on past data— and discusses basic rules, key issues, and many new systems. The second half explores how the system might do in the future, with a focus on equity curves, risk control, and money management. A key contribution is a new method called "data scrambling," which allows unlimited amounts of synthetic data to be generated for true out-of- sample testing. The last chapter brings all of the material together by offering solutions to practical problems encountered in implementing a trading system.
This book goes beyond technical analysis—it bridges the gap be- tween analysis and trading. It provides a comprehensive treatment of trading systems, and offers a stimulating mix of new ideas, timeless principles, and practical guidelines to help you develop trading systems that work. .
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