Encyclopedia of trading strategies. D. Kats, D. McCormick.
As is already clear from the title itself, the book Encyclopedia of Trading Strategies is intended for
traders trading in the foreign exchange and stock markets.
When creating it, the authors used such an approach that anyone has the opportunity to use a ready-made strategy or create their own trading system. The textbook describes various options for entering the market and closing existing positions, including the most exotic ones.
Examples of the use of mechanical trading systems in trading and testing of their practical performance are given.
1. Tools – the section covers a fairly wide area, starting from data options that are used in trading, ending with the processing of statistics obtained when testing trading systems.
2. Market Entry Research - perhaps the biggest topic among traders; more than two hundred pages are devoted to it in the book. You will learn how to find forex entry points using oscillators or technical indicators. And also, do seasonality and lunar cycles matter when searching for the most successful places to open new positions?
3. Output Research – it is the timely closure of transactions that allows you to get maximum profit, and sometimes even prevent deposit drain. From this section you will learn what the most successful exit strategy is and what basic elements it includes. How to increase trading efficiency by combining your own knowledge and electronic trend analysis systems.
The book Encyclopedia of Trading Systems written by D. Katz and D. McCormick is a classic textbook on practical trading; in it you will not find unnecessary discussions, but only useful information.
You can download the book in one of the online stores