Trading Systems and Money Management : A Guide to Trading and Profiting in Any Market

systems with a set of new rules, optimized to work on average equally as well on all markets at all times. To do this, we need t ...

The purpose of this book is not to give you the best ready-made systems, but to show you how to go about developing your own sys ...

ACKNOWLEDGMENTS My most heartfelt gratitude to Dan and Maryanne Gramza. Many thanks to Nelson Freeburg and his family. My most s ...

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PART ONE How to Evaluate a System At the time of this writing, there’s a TV commercial running on several of the business and ne ...

in the anticipated direction. If that were the case, would you rather be Guy 1 or Guy 2? I don’t know about you, but with the st ...

prey were smaller but faster, the amount of energy gained from consuming it wouldn’t make up for the amount of energy wasted hun ...

trade over the long haul. Furthermore, a market that is losing money by itself can still add positively to your equity when trad ...

time of this writing, things are getting better. People are beginning to understand what the hell I’m talking about, although so ...

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Chapter Percentages and Normalized Moves You cannot evaluate a system properly—at least not during the research and build- ing p ...

testing, how much the price might fluctuate for a specific market, or how many markets you’re testing the system on. But—and thi ...

ABC. And why shouldn’t you? If you can afford to buy 100 shares of a stock priced at $80, for a total value of $8,000, then you ...

$10,000,000 after only 60 trades. Although these are exaggerated numbers, they illustrate the point that it pays to take it easy ...

FIGURE 1.1 TradeStation performance summary. Note:In the following code, the method for calculating the number of futures contra ...

If Normalize = True Then Begin If FuturesMarket = True Then Begin RecentVolatility = AvgTrueRange(ContractLookback); NumCont = M ...

you could come up with a system that only kept you in the market 50 percent of the time, while the profit per share traded only ...

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CHAPTER 2 Calculating Profit Although we haven’t discussed it explicitly, by now it shouldn’t be too hard to understand why net ...

Thus, since it is the speed that is behind the final result, and not the other way around, why not aim for the source directly? ...