Systematic trading : a unique new method for designing trading and investing systems / Robert Carver.

Format:

Book

Author/Creator:

Carver, Robert, author.

Language:

English

Subjects (All):

Investments--Decision making.

Investments.

Investment analysis.

Physical Description:

1 online resource (326 p.)

Edition:

1st ed.

Place of Publication:

Petersfield, England : Harriman House, 2015.

Summary:

This is not just another book with yet another trading system. This is a complete guide to developing your own systems to help you make and execute trading and investing decisions. It is intended for everyone who wishes to systematise their financial decision making, either completely or to some degree. Author Robert Carver draws on financial theory, his experience managing systematic hedge fund strategies and his own in-depth research to explain why systematic trading makes sense and demonstrates how it can be done safely and profitably. Every aspect, from creating trading rules to position sizing, is thoroughly explained. The framework described here can be used with all assets, including equities, bonds, forex and commodities. There is no magic formula that will guarantee success, but cutting out simple mistakes will improve your performance. You'll learn how to avoid common pitfalls such as over-complicating your strategy, being too optimistic about likely returns, taking excessive risks and trading too frequently. Important features include: - The theory behind systematic trading: why and when it works, and when it doesn't.- Simple and effective ways to design effective strategies.- A complete position management framework which can be adapted for your needs.- How fully systematic traders can create or adapt trading rules to forecast prices.- Making discretionary trading decisions within a systematic framework for position management.- Why traditional long only investors should use systems to ensure proper diversification, and avoid costly and unnecessary portfolio churn.- Adapting strategies depending on the cost of trading and how much capital is being used.- Practical examples from UK, US and international markets showing how the framework can be used.Systematic Trading is detailed, comprehensive and full of practical advice. It provides a unique new approach to system development and a must for anyone considering using systems to make some, or all, of their investment decisions.

Contents:

Intro

Preface

Contents

Introduction

Chapter One. The Flawed Human Brain

Chapter Two. Systematic Trading Rules

Chapter Three. Fitting

Chapter Four. Portfolio Allocation

Chapter Five. Framework Overview

Chapter Six. Instruments

Chapter Seven. Forecasts

Chapter Eight. Combined Forecasts

Chapter Nine. Volatility targeting

Chapter Ten. Position Sizing

Chapter Eleven. Portfolios

Chapter Twelve. Speed and Size

Chapter Thirteen. Semi-automatic Trader

Chapter Fourteen. Asset Allocating Investor

Chapter Fifteen. Staunch Systems Trader

Glossary

Appendix A. Resources

Appendix B. Trading Rules

Appendix C. Portfolio Optimisation

Appendix D. Framework Details

Acknowledgements

Index.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed September 18, 2015).

ISBN:

9780857195005

085719500X