Algorithmic Trading: Winning Strategies and Their Rationale: 625 (Wiley Trading)

Clearly explained concepts, along with code snippets to apply the strategies straight away. The best book I have read on the topic. Highly recommended!

This book is great. I'm a software developer and have always been interested in learning about the algorithms behind trading.

As a retail participant dealing in quantitative approaches to trading and investing in futures, options and stocks, I found Dr. Chan's book very well done, pragmatic and useful.The book describes methods to locate short to long term trading strategies and to systematically make money from them over time. The author carefully describes not just the mechanics and details of several algorithmic strategies, but also their enabling market factors. Popular technical indicators are avoided in favor of a more rigorous quantitative analysis.This is not a get-rich-quick-book. Dr. Chan rightly points out that even with his strategies' trading rules, program code and backtesting discipline, trading these strategies on a daily basis is a lot tougher than people expect. Without additional homework, you could end up depleting your capital accounts.Why would he tell you all of this in view of the secrecy and mystique that quantitative traders typically exhibit? He does not describe details of extremely high frequency trading strategies or strategies with low capacity that would suffer or cease to be profitable if more capital comes into the same game.It's a great sequel to his original book, Quantitative Trading. It amplifies and expands on his earlier strategies -- and that helps you make up your own mind about their usefulness.

El libro profundiza aun más que su primer libro de Trading Cuantitativo en el Trading Algorítmico planteando estrategias concretas para probarlas.

This book hits all the major important points and issues related to Algorithmic trading. If you don't have personal experience with this type of trading it will certainly fast track your knowledge. Second book I've read from Ernst, looking forward to reading the 3rd.

Excellent explanation of quant strategies, with accompanying theoretical background and matlab coding

Punti di forza- strategie reali: Spiega modelli matematici funzionanti.- Nozioni chiare: Evita formule inutilmente complesse.- Analisi dei rischi: Focus sul risk management.- Backtesting: Spiega come evitare bias.Punti di debolezza- Linguaggio datato: Utilizza prevalentemente MATLAB.- Mercati mutati: Richiede adattamenti per oggi.Cosa imparerai: Mean Reversion: Sfruttare il ritorno alla media.Momentum: Seguire i trend di mercato.Execution: Ottimizzare l'inserimento degli ordini.