Computerized Trading

This book offers valuable information on a variety of critical subjects for both the beginning trader and traders with extensive experience. As an edited book, it assembles the ideas of many authors and presents the information within an overarching framework of four sections: (1) Basic Trading Skills and Methods, (2) Testing and Evaluation, (3) Assessing the Market and Yourself, and (4) Advanced Indicators and Forecasting. As with any edited book containing chapters from various authors, each with unique knowledge, perspectives, and writing style, the chapters are somewhat heterogeneous. While the reading would have been smoother if one author had written about all the subjects covered, the collective expertise offered by the various authors is far more important. Mark Jurik has made a significant contribution to the field of computerized trading by editing this very valuable resource book and making the collective experiences and wisdom of many experts available in one book.

Mark's book will probably be used as a reference for me more than most of the other books in my substantial collection. Excellent work, Mark!Mike

This is a serious book for real traders. Not a skim-the-surface introduction. Get ready for some detailed discussions on issues that most experienced traders learn the hard way. This book will shorten your learning curve, well worth the low price! Sure, some chapters don't interest me, but it's a thick book, it contains something for everyone. Filled with practical advice in very understandable language. If you're looking for a "10 steps to easy riches" book, keep looking, this is reality here. If you want to develop a real edge in the markets, this book is filled with what you need.

I thought the book presents a well organized discussion of the important aspects of good trading. There are four parts, each with its own introduction and checklist style summary. Each author discusses the aspect of trading he knows best, and all together, the book offers much collected wisdom. Actually, considering the how many contributing authors there are (20 of 'em), the material is surprisingly well integrated. The chapters progress toward more advanced topics, beginning with entering and exiting strategies, then money management, performance assessment (both system and trader), and on to multi-time frame strategies, market analysis, nonlinear modeling and forecasting. I thought the tone began light because the material gets heavy soon enough. It struck me as a thoughtful approach to get both beginners as well as seasoned traders reading on the same wavelength. There is one thing in this book I've seen nowhere else. An appendix discusses how financial tick data is created, transmitted to a user's computer, and processed by the computer. During this explanation, you're given "Consumer Report" style questions for you to ask when evaluating different data feed vendors. Considering how expensive choosing the wrong data feed can be, this alone makes the book worth its price.If you're looking for a new magic technical indicator for instant riches, you'll be disappointed. There're no "secret" equations or "get rich quick" strategies here. Instead, there's lots of practical ways to improve trading systems. And there's lots of choosing to do: picking the right chart analysis, trading style, software, books, data feeds, ... as well as some optional sophisticated state-of-the-art techniques for the extra "edge". Of course, the advanced stuff take time and effort to implement. Rome wasn't built in a day, ya know.I liked it. Can you tell?

An excellent book to actually help you trade. Tons of tips on how to enter and exit trades. Nice money management ideas. Actually tells you how to place stops. While getting into technical indicators, it is not thorough at all. John Murphy and others are needed for that. Alot of the book is very mathematical and advanced. All types of material on building and evaluating trading systems. Nice chapter on the psychology of trading. Suprisingly the S & P futures is described as having a $500 multiplier. Hello! Wake up! Overall an excellent book, well worth the money.