Trading Systems That Work: Building and Evaluating Effective Trading Systems

Excellent Seller! This is a great book. It is a little hard to follow b/c the author (IMO) is a brilliant code writer, but the book is a bit disjointed. My opinion is it would be better to tell us JUST what works and not lots of info and methods that don't. That's just me though. Mr. Stridsman goes into great detail regarding the methods that DO NOT work and why. Interesting, but I would rather him just say, "I've tested this, and it doesn't work".For a "coder", I imagine this book would be fabulous. The book is still excellent- you just have to VERY carefully sift through lots of thoughts and ideas to pick out the real "brass tacks". The code is written for TradeStation, and will have to be "tweaked" due to the age of the book. That can be a difficult task unless you are very good with "coding".

I've been at this game for thirty years and have accumulated an arsenal of books. This is a 'must read'. Very helpful.

Stridsman's work reads like a lab book recollection of his experimentations rather than a systematic study of creating profitable trading systems. The text is repetitive, and filled with illogical analogies and examples. His conclusions are based on some dubious suppositions -- he seems to lack a strong grasp of the statistical analysis he employs.Among the benefits of the book are Stridsman's adherence to standard deviation in assessing system risk and his use of percentage measurements rather than absolute dollar values.This book could be 75% shorter and still contain all the worthwhile information.I would recommend Conway and Behle's "Professional Stock Trading" as a much clearer approach to creating trading systems.

I didn't find this book all that well written. There were errors and inaccuracies in it, and it's logic was somewhat asystematic and protracted. However, it was worth the fight and I learnt things that I have not found elsewhere (at least yet).I would not use the book as an automatic formula for how to design trading systems. However, its overall approach was a good one and I will probably use several of the principles in it to design my own systems. Of course this book is now out of date, and the markets have evolved considerably. Computers are also much more powerful and the speed with which one can assess the effects of changing each parameter are also a lot better.It was a frustrating read in many ways but worth the effort none-the-less.

There might be 20 or 30 pages of helpful information. The other 300+ pages are filled with useless statistics and technical information.

This book is for the TradeStation or MetaStock trader looking to build or enhance a system. Thomas Stridsman was a writer for the magazine Futures and is an experienced trader and trading system builder. With a healthy dose of statistics and mathematical theory, the chaos that appears to exist between your %'s and $'s can be found here with clarity.The goal of Stridsman in his book is to educate the reader, giving them a solid, working understanding of the market for the purpose of building an effective system. The idea is to keep things as simple as possible, which can often be no easy endeavor for an aspiring system programmer. Heavy on the academic side, the disciplined reader of this book will gain the basis of knowledge for creating something unique. The analogy of a car and its respective parts is used, with the engine being the actual system and money management as the transmission. Through this thinking process all of the components that act individually in the market coalesce into a device that operates in mechanical order for executing profitable trades.The book is loaded with programming language and statistical analysis. Ventures into Microsoft Excel and Lotus 1-2-3 are also incorporated for fine-tuning the system process to capture as much reality as possible. In- depth discussion over which TradeStation and MetaStock performance summaries are likely to work or not are key. There's no need for a higher understanding of mathematical theory; the book is written with practicality in mind for traders of all levels of experience. The applications are also grounded enough to be used in any trading market.If you're serious about putting together a trading system, or are looking for ideas to enhance your work, this book is for you. I've always had the understanding that no systems that really work are for sale, but this book is like having a key to the garage where you can put it all together.

Awesome book!

The title of the book should be the subtitle: Building and evaluating effective trading systems rather than Trading systems that work. If you purchase the book thinking you have purchase a collection of trading systems that work you will be disapointed. However if you have an interest in evaluating trading systems than this is the book for you and should join similar books as the Encyclopedia of Trading Strategies by Katz. The great fun in reading this book is in the Author's opinions about everyone else. Here are a few choice comments,"There is no way you can use TradeStation as a standalone tool to build a complete straegy" p.339 "If all of these indicators do not work--"p.51 and my favorite "No wonder then that your software supplier,system vender, or market guru of choice says that your worst draw down is still to come-and they do not even know how to calculate it."p.38 This is not a man that is afraid to express his opinion. The especially good points of the book are the arguments for percentages rather than points in evaluation and the TradeStation easy language (who ever thought that up has an great imagination)code to add information to an excel sheet to get it right. If this is the subject you are interested in buy it. You will not be disapointed.

It came on time and looks great!

小手先のテクニックではなくメンタルな面の言及が多くすばらしいと感じました。投資に絶対論はなくそれを言及しつつも方向性のサジェスチョンは示していて参考になりました。

図よりも文章での説明が長く、しかも直訳のため、個人的にはわかりにくかったです。