Trading systems are the strategies all technical traders use to place their trades. However, any given system is only effective for a certain amount of time, under a specific set of circumstances. Therefore, to be truly successful, traders must change their systems on a regular basis. This text discusses the impermanence and built-in obsolescence of trading systems. The author explains, using a case example, how to create a profitable trading campaign that will work for a specific financial instrument under certain circumstances for a limited period of time. Then, the system is redeveloped for the next set of circumstances. The overall aim is that the campaign never becomes obsolete as the program is constantly adjusted to meet market changes.
- ISBN10 047114150X
- ISBN13 9780471141501
- Publish Date 26 July 1996
- Publish Status Out of Stock
- Out of Print 21 November 2001
- Publish Country US
- Imprint John Wiley & Sons Inc
- Format Hardcover
- Pages 240
- Language English