A newly expanded and updated edition of the trading classic, Design, Testing, and Optimization of Trading Systems Trading systems expert Robert Pardo is back, and in The Evaluation and Optimization of Trading Strategies , a thoroughly revised and updated edition of his classic text Design, Testing, and Optimization of Trading Systems , he reveals how he has perfected the programming and testing of trading systems using a successful battery of his own time-proven techniques. With this book, Pardo delivers important information to readers, from the design of workable trading strategies to measuring issues like profit and risk. Written in a straightforward and accessible style, this detailed guide presents traders with a way to develop and verify their trading strategy no matter what form they are currently using stochastics, moving averages, chart patterns, RSI, or breakout methods. Whether a trader is seeking to enhance their profit or just getting started in testing, The Evaluation and Optimization of Trading Strategies offers practical instruction and expert advice on the development, evaluation, and application of winning mechanical trading systems.
Praise For The Evaluation and Optimization of Trading Strategies, Second Edition
"The testing process is key to a profitable trading method and Bob Pardo brings order and sanity to it. He shows the reader how to navigate the minefield of optimization and offers walk-forward testing as a way to change a static system into a dynamic one." Perry Kaufman , author of New Trading Systems and Methods, Fourth Edition
"Will your system work in the future? In this book Bob Pardo shows you exactly how to construct a trading system and then take the most important walk of them all the walk forward test to find out if your system is really worth trading. Now you can know before you trade!" Larry Williams , author of Trading Stocks & Commodities with the Insiders: Secrets of the COT Report , and Long-Term Secrets to Short-Term Trading