Quality Money Management : Process Engineering and Best Practices for Systematic Trading and Investment

34 CHAPTER ◆ 3 Overview of the Trading/Investment System Development Methodology Benchmark Check Do Plan FIGURE 3-4 ● Plan. Dete ...

35 stage of development, or trade the existing prototype. After completing the fourth and final stage, the methodology requires ...

36 CHAPTER ◆ 3 Overview of the Trading/Investment System Development Methodology Perform in-sample/out-of-sample tests (K|V 2.3 ...

37 of the system. We have, though, already started the description process—the description created for the Money Document will s ...

38 CHAPTER ◆ 3 Overview of the Trading/Investment System Development Methodology 2. Filter systems. This is the traditional syst ...

39 3.9.2. Develop Cleaning Algorithms (Chapter 15) One of the major obstacles to building a profitable trading/investment system ...

40 CHAPTER ◆ 3 Overview of the Trading/Investment System Development Methodology resources from being spent on unprofitable proj ...

41 already be done and the specification documents will largely be based upon the proto- types and descriptions created in earli ...

42 CHAPTER ◆ 3 Overview of the Trading/Investment System Development Methodology purpose of probationary trading is to allow the ...

43 Furthermore, every system should have a benchmark. Using a portfolio attribution system the product team can clearly identify ...

44 CHAPTER ◆ 3 Overview of the Trading/Investment System Development Methodology continuous improvement will concentrate efforts ...

45 Managing Design and Development Some market watchers decry the incubator fund process of new product development. Such funds ...

46 CHAPTER ◆ 4 Managing Design and Development ● Defend their strategies through continuous improvement against competitors laun ...

47 result is a lack of focus, too many projects, too few resources, and quality of execution will suffer. 4.2.1. Research on New ...

48 CHAPTER ◆ 4 Managing Design and Development ● Heuristic approaches are better. More strategic approaches seem to work better. ...

49 4.3. The Role of Top Management Top management is the driving force. Leadership, commitment, and active involvement of top ma ...

50 CHAPTER ◆ 4 Managing Design and Development ● Using objective criteria when making go/kill decisions. ● Committing the necess ...

51 Management gives the team members the support and incentives they need, and then trusts them to get the job done. While proce ...

52 CHAPTER ◆ 4 Managing Design and Development Of course, a trader or portfolio manager who works to help other team members may ...

53 4.4. The Role of the Product Team Our methodology promotes team-oriented problem solving (in the style of TOPS or Ford 8D) fo ...