Dr Howard B Bandy – Quantitative Technical Analysis

Dr Howard B Bandy – Quantitative Technical Analysis

This is the fifth edition of this book. Dr. Howard BandyThis article discusses an integrated approach for trading system development and management.

It starts with an assessment and quantification about the various aspects of risk.

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1.  The trader’s personal tolerance for risk.

2.  The price fluctuations inherent in the issue to trade are a potential risk.

3.  The trading system rules add risk.

4.  The trade-By-Trade risk during trading

A unique objective function is called “CAR25,” Risk-based-The normalized profit potential is explained and developed.  CAR25 has the most universal objective function I have ever seen.

Recognizing the non-essential is crucial-We will discuss the stationary characteristics of financial data and how to deal with them.

The discussion covers all aspects of trading system development including backtesting, optimization, design, testing, and walk forward analysis.  That is followed by two parallel development paths — one using traditional trading system development platform and the second machine learning.

A unique technique that uses empirical Bayesian analysis to recognise the importance and management of trading position sizing is called “dynamic position sizing” Quantified in a metric called “safe-f,” It is now available.  This book contains computer code for dynamic position sizing.