Quantitative Trading: How to Build Your Own Algorithmic Trading Business
By Ernie Chan
With the aim of showing how an individual can learn from the most popular algorithms to copy and improve upon various strategies and deliver a working robo trading scheme, this book offers a different and interesting insight into how to make this work well enough to set up a business. Coming in at under 200 pages, this offers plenty of detail without going too far the other way, great for investors looking to go full-time.
Not every book decides to take this path, and in the world of forex trading books, many will say how the only suitable way to carve a path is to follow that of the author and expressly follow those rules. However, when learning to build an algorithmic trading program, most tend to stay away from the idea, and indicate that the personal trading aspect is where the gains are made.
Of course, this cannot work for everyone, especially when it comes to timings, so this is where Chan gets to come out on his own and show how it is possible to set up a business purely based on utilizing the benefits of automated trading to get ahead and let it run by itself for the most part.
Based entirely on the masses of data available rather than those who tend to go for developing intuition and getting a feel for the market, Chan’s book gives the opportunity to try something different, and emit the psychological aspects entirely. For those looking to find new ways to assess quantitative data and come out with fresh ideas and interesting approaches to algorithmic trading, this could well put them on the right path. There are less books on this aspect of trading than other types, and this could easily help to fill a gap in the knowledge of it.
Hardcover: 181 pages
Publisher: John Wiley & Sons (28 Nov. 2008)